THRIVENT MODERATELY AGGRESSIVE ALLOCATION FUND
Actively managed U.S. stock fund
As of its 2026 Q2 report, THRIVENT MODERATELY AGGRESSIVE ALLOCATION FUND held 1,284 positions with $5.64B in net assets. Its ten largest holdings made up 55.3% of the fund. The TMAAX share class costs 1.13% a year. Over the 12 months to May 2026, TMAAX returned 22.6%, with dividends reinvested. In 2026 Q3 it added 199 new positions and exited 164.
Thrivent Moderately Aggressive Allocation Fund (the "Fund") seeks long-term capital growth.
The fund allocates 80% to equity securities and 20% to debt securities across multiple sub-classes—such as market-cap segments, investment styles, and credit ratings—through a combination of other Adviser-managed funds and direct security holdings, rebalancing at least annually to maintain target ranges. The fund may use futures contracts to hedge or gain exposure and invests in foreign and emerging-market securities. Because the fund's actual holdings may drift outside its allocation ranges between rebalancing periods, performance can diverge from its stated targets.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
THRIVENT MUTUAL FUNDS | 11.13% | $627.43M | — |
THRIVENT MUTUAL FUNDS | 9.68% | $545.33M | — |
THRIVENT MUTUAL FUNDS | 7.26% | $409.13M | — |
THRIVENT MUTUAL FUNDS | 7.16% | $403.69M | — |
THRIVENT MUTUAL FUNDS | 5.22% | $294.05M | — |
GVMXXSTATE ST INST US GOV MM FUND | 4.18% | $235.52M | — |
THRIVENT MUTUAL FUNDS | 3.78% | $212.86M | — |
THRIVENT MUTUAL FUNDS | 3.31% | $186.52M | — |
THRIVENT MUTUAL FUNDS | 1.98% | $111.28M | — |
THRIVENT MUTUAL FUNDS | 1.59% | $89.69M | — |
The 200 largest of 1,284 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Other | 53.18% |
| Stocks | 28.85% |
| Cash & short-term | 12.46% |
| Securitized | 3.17% |
| 2 smaller | 2.82% |
Derivatives are shown at market value, not notional exposure.
By sector
- Other
- 52.2%
- Cash
- 11.0%
- Information Technology
- 7.6%
- Financials
- 4.1%
- 12 other sectors
- 25.2%
- Other
- 52.2%
- Cash
- 11.0%
- Information Technology
- 7.6%
- Financials
- 4.1%
- Industrials
- 3.8%
- Health Care
- 3.4%
- Securitized
- 3.1%
- Consumer Discretionary
- 2.7%
- International
- 2.6%
- Government
- 2.5%
- Communication Services
- 2.1%
- Energy
- 1.2%
- Utilities
- 1.1%
- Materials
- 1.0%
- Real Estate
- 0.9%
- Consumer Staples
- 0.7%
How it has done
TMAAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.80%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.13% | +22.58% | +59.22% | +46.63% | -8.56% | |
| 0.91% | +22.87% | +60.29% | +48.16% | -8.52% |
These classes hold the same portfolio, so the 1.53pp spread over 5 years is the cost difference between them — roughly 0.31pp a year — not a difference in what they own.
Fees & fund details
THRIVENT MODERATELY AGGRESSIVE ALLOCATION FUND is an actively managed U.S. equity fund. 18% of TMAAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 96% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.91% – 1.13%· TMAAX 1.13%
- Portfolio turnover
- 49.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
199 new· the largest 3
164 exited· the largest 4
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 90.2% |
| Floating rate | 9.7% |
| Zero-coupon or unclassified | 0.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 3.3% |
| 1-3y | 13.8% |
| 3-5y | 13.2% |
| 5-10y | 7.3% |
| 10y+ | 62.3% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — TMAAX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”