C000003845 Fees and Costs — Thrivent Moderate Allocation Portfolio, Class A
Data updated: 2026-08-26
The net expense ratio is 0.70% (0.90% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.6M in broker commissions, 0.0181% of average net assets, and portfolio turnover was 45%.
C000003845 Fees and Expenses
Annual operating expenses and sales charges of C000003845. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.90% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000003845 Costs Over Time
On $10,000 invested in C000003845, assuming 5% a year before costs, total costs come to $452 over 5 years, cutting the return by 0.75% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $248 | $452 |
| Value after costs | $10,425 | $11,329 | $12,311 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
C000003845 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0181%
- Total broker commissions: $1.6M
- Bought from dealers (principal trades, not a cost): $8.5B
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $15.8M
- Net income from securities lending: $73K (0.001% of average net assets)
C000003845 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $539K | 39.56% |
| BOFA SECURITIES, INC. | $157K | 11.54% |
| ROBERT W. BAIRD & CO. INCORPORATED | $139K | 10.18% |
| J.P. MORGAN SECURITIES LLC | $124K | 9.14% |
| UBS SECURITIES LLC | $97K | 7.11% |
| JEFFERIES LLC | $95K | 6.97% |
| PIPER SANDLER & CO. | $60K | 4.42% |
| SANFORD C. BERNSTEIN & CO., LLC | $54K | 3.94% |
| RAYMOND JAMES & ASSOCIATES, INC. | $53K | 3.89% |
| RBC CAPITAL MARKETS, LLC | $44K | 3.25% |
C000003845 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $4.6B | 58.70% |
| MORGAN STANLEY & CO. LLC | $634.0M | 8.11% |
| WELLS FARGO SECURITIES, LLC | $572.4M | 7.32% |
| BARCLAYS CAPITAL INC. | $524.4M | 6.71% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $414.8M | 5.31% |
| GOLDMAN SACHS & CO. LLC | $344.4M | 4.40% |
| CITICORP SECURITIES INC | $242.9M | 3.11% |
| J.P. MORGAN SECURITIES LLC | $196.3M | 2.51% |
| BOFA SECURITIES, INC. | $158.1M | 2.02% |
| DEUTSCHE BANK SECURITIES INC. | $141.7M | 1.81% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.