Investment objective & strategy
As of Feb. 26, 2026 · prospectusObjective. Thrivent Moderately Conservative Allocation Fund (the "Fund") seeks long-term capital growth while providing reasonable stability of principal.
Strategy. The Fund pursues its objective by investing in a combination of other funds managed by the Adviser and directly held financial instruments. The Fund is designed for investors who seek long-term capital growth with reasonable stability of principal and more conservative levels of risk and volatility. The Fund uses a prescribed asset allocation strategy involving a two-step process that is designed to achieve its desired risk tolerance. The first step is the construction of a model for the allocation of the Funds assets across broad asset categories (namely, debt securities and equity securities). The second step involves the determination of sub-classes within the broad asset categories and target weightings (i.e., what the Adviser determines is the strategic allocation) for these … The Fund pursues its objective by investing in a combination of other funds managed by the Adviser and directly held financial instruments. The Fund is designed for investors who seek long-term capital growth with reasonable stability of principal and more conservative levels of risk and volatility. The Fund uses a prescribed asset allocation strategy involving a two-step process that is designed to achieve its desired risk tolerance. The first step is the construction of a model for the allocation of the Funds assets across broad asset categories (namely, debt securities and equity securities). The second step involves the determination of sub-classes within the broad asset categories and target weightings (i.e., what the Adviser determines is the strategic allocation) for these sub-classes. Sub-classes for debt securities may be based on maturity, duration, security type or credit rating (high-yieldcommonly known as junk bondsor investment-grade). Sub-classes for equity securities may be based on market capitalization, investment style (such as growth or value), economic sector, or security type (such as private equity). The use of target weightings for various sub-classes within broad asset categories is intended as a multi-style approach to reduce the risk of investing in securities having common characteristics. The Fund may buy and sell futures contracts to either hedge its exposure or obtain exposure to certain investments. The Fund may invest in foreign securities, including those of issuers in emerging markets. An emerging market country is any country determined by the Adviser to have an emerging market economy, considering factors such as the countrys credit rating, its political and economic stability and the development of its financial and capital markets. Under normal circumstances, the Fund invests in the following broad asset classes within the ranges given: Broad Asset Category Target Allocation Allocation Range Debt Securities 57% 40-80% Equity Securities 43% 20-60% The Funds actual holdings in each broad asset category may be outside the applicable allocation range from time to time due to differing investment performance among asset categories. The Adviser will rebalance the Fund at least annually so that its holdings are within the ranges for the broad asset categories. The Fund pursues its investment strategy by investing to a significant degree in other mutual funds managed by the Adviser or an affiliate, as well as direct investments in securities.
Top holdings
As of Jan. 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Thrivent Large Cap Value Fund, Class S | — | $138.66M | 11.50% |
| Thrivent Core Short-Term Reserve Fund | — | $101.95M | 8.45% |
| Thrivent Large Cap Growth Fund, Class S | — | $85.49M | 7.09% |
| Thrivent Income Fund, Class S | — | $65.77M | 5.45% |
| State Street Navigator Securities Lending Portfolio II | GVMXX | $50.98M | 4.23% |
| Thrivent Short-Term Bond Fund, Class S | — | $38.05M | 3.15% |
| Thrivent International Equity Fund, Class S | — | $34.53M | 2.86% |
| Thrivent Core Emerging Markets Debt Fund | — | $31.36M | 2.60% |
| US TREASURY N/B | — | $26.82M | 2.22% |
| Thrivent High Yield Fund, Class S | — | $24.85M | 2.06% |
Portfolio moves
Oct 31, 2025 → Jan 30, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| THRIVENT MODERATE ALLOCATION FUND · THMAX, TMAIX | 74% | 0.86% |
| THRIVENT MODERATELY AGGRESSIVE ALLOCATION FUND · TMAAX, TMAFX | 61% | 0.91% |
| THRIVENT AGGRESSIVE ALLOCATION FUND · TAAAX, TAAIX | 47% | 1.04% |
Advisers
| Firm | Role |
|---|---|
| Thrivent Asset Management, LLC | Adviser |
Footnotes
- Expense ratio as of February 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 30, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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