A lesser known fund family, Thrivent Mutual Funds, won the 2015 Lipper Award in the Best Mixed-Assets Small Fund Family category. Being part of Thrivent Financial, it has $14 billion worth of assets under management. It has invested in 21 mutual funds across a wide range of categories including equity, income plus, asset allocation and fixed income funds. Also, it serves nearly 2.3 million customers and has more than 100 investment professionals.
Below we share with you four top-rated Thrivent mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future.
Thrivent Income Fund Inst (MUTF:LBIIX) seeks high level growth of income and capital. LBIIX invests more than 65% of its assets in investment-grade preferred stocks and debt securities. The fund invests generally in asset-backed securities, corporate bonds, mortgage-backed securities and government bonds. Thrivent Income S has a one-year return of 7.6%.
LBIIX has an expense ratio of 0.41% as compared to the category average of 0.71%.
Thrivent High Yield Fund A (MUTF:LBHYX) invests the majority of its assets in high risk, high-yield bonds and other debt securities. LBHYX seeks growth of capital and income. The fund invests mainly in "junk bonds." Thrivent High Yield A has a one-year return of 5.2%.
Paul Ocenasek is the portfolio manager of LBHYX since December 1997.
Thrivent Large Cap Value Fund A (MUTF:AAUTX) seeks capital appreciation for the long run. AAUTX invests the lion's share of its assets in securities of large-cap companies. The fund invests primarily in those companies whose market-cap falls within the range of the Russell 1000 Value Index or the S&P 500/Citigroup Value Index. Thrivent Large Cap Value A has a one-year return of 11.3%.
AAUTX has an expense ratio of 0.94% as compared to the category average of 1.12%.
Thrivent Mid Cap Stock Fund Inst (MUTF:TMSIX) invests the bulk of its assets in mid-cap companies. TMSIX seeks capital growth for the long run. The fund invests in those companies whose market-cap falls within the range of the S&P MidCap 400 Index or the Russell Midcap Index. Thrivent Mid Cap Stock S has a one-year return of 18.6%.
As of June 2016, TMSIX held 65 issues, with 4.94% of its assets invested in Nvidia Corporation (NASDAQ:NVDA).