Fund Evaluator:
Thrivent Conservative Allocation S (THYFX)
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Best Performing in Conservative Allocation Over the Last Year
| 12.6% | Hussman Strategic Total Return (HSTRX) |
| 11.7% | Putnam Multi-Asset Income Y (PMIYX) |
| 10.7% | Columbia Income Builder Inst (CBUZX) |
| 9.6% | Thrivent Conservative Allocation S (THYFX) |
| 9.2% | Columbia Capital Allocation Cnsrv Inst (CBVZX) |
Fund Details
Thrivent Conservative Allocation S Overview
Thrivent Conservative Allocation S (THYFX) is an actively managed Allocation Conservative Allocation fund. Thrivent Funds launched the fund in 1997.
The investment seeks to maximize income while maintaining prospects for capital appreciation. Under normal circumstances, the fund invests 60-95% in debt securities and 5-40% in equity securities. The equity securities in which the fund invests may include common stock, preferred stock, securities convertible into common stock, or securities or other instruments the price of which is linked to the value of common stock.
About Thrivent Conservative Allocation S (THYFX)
There are 3 members of the management team with an average tenure of 6.86 years: David Spangler (2022), Stephen Lowe (2015), Theron Whitehorn (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Thrivent Conservative Allocation S has 995 securities in its portfolio. The top 10 holdings constitute 40.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Thrivent Conservative Allocation S is part of the Allocation global asset class and is within the Allocation fund group. Thrivent Conservative Allocation S has 7.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 18.9%. There is 2.2% allocated to foreign stock, and 2.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 62.3% (57.2% domestic bond, 5.1% foreign bond and 3.5% convertible bond). Thrivent Conservative Allocation S has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $497 million in total assets, which is above the $107 million average for the Conservative Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
THYFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Thrivent Conservative Allocation S expense ratio is above average compared to funds in the Conservative Allocation category. Thrivent Conservative Allocation S has an expense ratio of 0.71%, which is 40% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Thrivent Conservative Allocation S has a portfolio turnover rate of 70%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 100% for the Conservative Allocation category.
Recently, in the month of June 2026, Thrivent Conservative Allocation S returned 0.3%, which earned it a grade of C, as the Conservative Allocation category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Thrivent Conservative Allocation S has a trailing yield of 4.00%, which is above the 3.52% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Thrivent Conservative Allocation S Grades
Year to date, the fund has returned 3.9%, 0.4 percentage points better than the category, which translates into a grade of C. The fund has returned 9.6% over the past year (grade of B), 8.6% over the past three years (grade of B) and 3.7% per year over the past five years (grade of B) and 5.3% per year over the past 10 years (grade of A).
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THYFX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| THYFX Return (NAV) | 0.3% | 4.2% | 9.6% | 8.6% | 3.7% | 5.3% |
| THYFX Grade | C | C | B | B | B | A |
| +/- Category | 0.1% | 0.4% | 1.2% | 0.8% | 0.7% | 1.2% |
| Conservative Allocation Avg | 0.2% | 3.8% | 8.3% | 7.8% | 3.0% | 4.1% |
| THYFX Tax Cost Ratio | na | na | 1.3% | 1.3% | 1.4% | 1.3% |
THYFX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| THYFX Return (NAV) | 3.9% | 9.9% | 7.0% | 10.0% | -12.6% | 6.6% | 7.0% | 13.4% | -2.9% | 9.2% | 6.9% |
| THYFX Grade | C | B | B | B | C | A | D | A | C | A | B |
| +/- Category | 0.4% | 0.6% | 1.1% | 1.3% | -0.6% | 2.0% | -1.0% | 1.9% | 0.4% | 2.1% | 1.0% |
| Conservative Allocation Avg | 3.6% | 9.2% | 5.9% | 8.7% | -11.9% | 4.5% | 8.0% | 11.5% | -3.3% | 7.1% | 5.9% |
| Risk Measures | |
| Standard Deviation: | 6.1% |
| Total Risk Index: | 0.50 - Below Average |
| Category Risk Index: | 0.95 - Average |
| Category Risk Grade: | C (43% Rank) |
| Beta: | 0.63 |
| R-Squared: | 93% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 4.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $921 Mil |
| Fund Total Assets: | $ 497 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 70% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 11.2 years | |||
| Average Tenure: 6.9 years | |||
| Managers (Year): Lowe Stephen (2015), Whitehorn Theron (2021), Spangler David (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 995 |
| % in Top 10 Holdings: | 40.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 7.3% |
Portfolio Allocation |
|
| Domestic Stock: | 18.9% |
| Foreign Stock: | 2.2% |
| Preferred Stock: | 2.1% |
| Domestic Bond: | 57.2% |
| Foreign Bond: | 5.1% |
| Convertible Bond: | 3.5% |
| Other: | 10.8% |
| Cash: | 0.1% |
Purchase Information
| Fund Family: | Thrivent Funds |
| Phone Number: | 800-847-4836 |
| Website: | www.ThriventFunds.com. |
| Status: | Open |
| Inception Date: | December 29, 1997 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.71% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.19% |
| Share Class: | Thrivent Conservative Allocation A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
