Being part of Thrivent Financial, Thrivent Mutual Funds has $116 billion worth of assets under management. It has invested in 23 mutual funds across a wide range of categories including equity, income plus, asset allocation and fixed income funds. Also, it serves more than two million customers and has at least 100 investment professionals. Thrivent Mutual Funds aims to offer simple and smart investing, and has a strong competitive record. This lesser-known fund family also won the 2015 Lipper Award in the Best Overall Small Fund Family and Best Mixed-Assets Small Fund Family categories.
Below we share with you three top-ranked Thrivent mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Thrivent funds .
Thrivent Income A LUBIX seeks a high level of income and growth of capital for the long run. LUBIX 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 A has returned 5.8% in the last three-year period.
As of November 2017, LUBIX held 292 issues with 1.95% of its assets invested in Sprint 7.625%.
Thrivent High Yield A 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 three-year annualized returns of 4.4%.
LBHYX has an expense ratio of 0.80% compared with the category average of 1.02%.
Thrivent Aggressive Allocation Fund Class S TAAIX seeks appreciation of capital for the long run. TAAIX invests at least three-fourth of its assets in equity securities, and up to one-fourth of its assets in debt securities. Thrivent Aggressive Allocation Fund Class S has three-year annualized returns of 8.7%.
Darren Bagwell is one of the fund managers of TAAIX since 2016.
To view the Zacks Rank and past performance of all diversified bond mutual funds, investors can click here to see the complete list of diversified bond funds .
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (LBHYX): Fund Analysis Report Get Your Free (TAAIX): Fund Analysis Report Get Your Free (LUBIX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research