C000003848 Fees and Costs — Thrivent Moderately Conservative Allocation Portfolio, Class A
Data updated: 2026-08-26
The net expense ratio is 0.65% (0.80% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $414K in broker commissions, 0.0120% of average net assets, and portfolio turnover was 34%.
C000003848 Fees and Expenses
Annual operating expenses and sales charges of C000003848. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.57% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.65% |
| 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 |
C000003848 Costs Over Time
On $10,000 invested in C000003848, assuming 5% a year before costs, total costs come to $417 over 5 years, cutting the return by 0.70% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $228 | $417 |
| Value after costs | $10,430 | $11,348 | $12,346 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
C000003848 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): 0.0120%
- Total broker commissions: $414K
- Bought from dealers (principal trades, not a cost): $3.8B
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $10.1M
- Net income from securities lending: $45K (0.001% of average net assets)
C000003848 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $171K | 47.21% |
| BOFA SECURITIES, INC. | $39K | 10.62% |
| J.P. MORGAN SECURITIES LLC | $33K | 9.17% |
| ROBERT W. BAIRD & CO. INCORPORATED | $28K | 7.68% |
| JEFFERIES LLC | $22K | 6.13% |
| UBS SECURITIES LLC | $22K | 6.03% |
| PIPER SANDLER & CO. | $16K | 4.36% |
| RAYMOND JAMES & ASSOCIATES, INC. | $12K | 3.20% |
| RBC CAPITAL MARKETS, LLC | $11K | 3.11% |
| SANFORD C. BERNSTEIN & CO., LLC | $9K | 2.50% |
C000003848 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $2.1B | 59.95% |
| MORGAN STANLEY & CO. LLC | $364.4M | 10.44% |
| WELLS FARGO SECURITIES, LLC | $308.1M | 8.83% |
| BARCLAYS CAPITAL INC. | $206.6M | 5.92% |
| CITICORP SECURITIES INC | $94.7M | 2.71% |
| J.P. MORGAN SECURITIES LLC | $92.3M | 2.64% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $87.9M | 2.52% |
| GOLDMAN SACHS & CO. LLC | $86.5M | 2.48% |
| BMO CAPITAL MARKETS CORP. | $79.6M | 2.28% |
| BOFA SECURITIES, INC. | $77.9M | 2.23% |
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.