3 Thrivent Mutual Funds You Should Buy


Thrivent Mutual Funds, part of Thrivent Financial, had more than $ 23.8 billion in assets as of December 31, 2020. Thrivent Financial has more than $ 162 billion under management. It serves at least 2 million clients and has more than 125 investment professionals.

In addition, Thrivent Mutual Funds has invested in more than 20 actively managed solution-based mutual funds across a variety of categories including stocks, income plus, asset allocation and fixed income funds. Thrivent Mutual Funds aims to offer simple and smart investments and has a strong competitive track record.

Below we share with you the top three ranking Thrivent mutual funds. Everyone has earned a Zacks Mutual Fund Rank # 1 (Strong Buy) and is expected to outperform their competitors in the future. Investors can click here for the full list of funds.

Thrivent Small Cap Class A Equity Fund AASMX seeks long term capital growth. The fund invests the majority of its assets in small company equity securities. The market capitalization of these companies is equivalent to that of the Russell 2000 Index, S&P SmallCap 600 Index, or Lipper, Inc.

AASMX has an annualized three-year return of 15.3%. At the end of June 2021, AASMX held 91 issues with 2.3% of its assets invested in TTM Technologies Inc.

Thrivent Aggressive Allocation Fund Class A. TAAAX aims for long-term capital growth. The Fund invests in a combination of other funds managed by the Investment Advisor and directly held financial instruments. It is aimed at investors who are looking for higher long-term capital growth and who are not averse to higher risks and volatility. The fund invests its assets primarily in equities. However, he can invest 0-25% of his assets in debt securities.

TAAAX has an annualized three-year return of 13.7%. Stephen D. Lowe has been a fund manager at TAAAX since 2016.

Thrivent Multidimensional Income Fund Class S TMLDX strives for high levels of current income and capital growth. This fund distributes its assets across various income and growth-enhancing asset classes and strategies. He also invests in debt securities such as high yield bonds, high risk bonds, notes, notes, and other debt securities commonly known as junk bonds.

TMLDX has a three year annualized return of 6.8%. At the end of June 2021, TMLDX held 638 issues, with 4.34% of its assets invested in US Treasuries 0.38%.

To view the Zacks rank and past performance of all Thrivent mutual funds, investors can click here for the full list of funds.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.


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