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Morningstar

Thrivent Government Bond A TBFAX

Morningstar Medalist Rating
Medalist Rating as of | See Thrivent Investment Hub
  • NAV / 1-Day Return 8.67  /  −0.22 %
  • Total Assets 30.6 Mil
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.800%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 2,000
  • Status Closed
  • TTM Yield 3.56%
  • Effective Duration 5.90 years

USD | NAV as of May 16, 2024 | 1-Day Return as of May 16, 2024, 10:08 PM GMT+0

Morningstar’s Analysis TBFAX

Will TBFAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TBFAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TBFAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TBFAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Thrivent Government Bond A boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings TBFAX

More TBFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 46.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Thrivent Core Short-Term Reserve

12.78 9.8 Mil
—

United States Treasury Notes 3.125%

10.87 8.3 Mil
Government

United States Treasury Notes 3.625%

6.59 5.1 Mil
Government

Government National Mortgage Association 5%

2.80 2.1 Mil
Securitized

Fnma Pass-Thru I 2%

2.41 1.9 Mil
Securitized

Fnma Pass-Thru I 4.5%

2.38 1.8 Mil
Securitized

Federal National Mortgage Association 2.5%

2.35 1.8 Mil
Securitized

Fnma Pass-Thru I 2%

2.27 1.7 Mil
Securitized

United States Treasury Notes 2.875%

2.22 1.7 Mil
Government

Federal National Mortgage Association 4%

2.16 1.7 Mil
Securitized