TBFAX Fees and Costs — Thrivent Government Bond Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 0.78%: a 0.40% management fee, a 0.13% 12b-1 fee plus 0.99% other expenses, less a 0.74% fee waiver. This share class carries a maximum front-end sales load of 2.00%. In fiscal 2025 the fund paid $849 in broker commissions, 0.0021% of average net assets, and portfolio turnover was 352%.
TBFAX Fees and Expenses
Annual operating expenses and sales charges of TBFAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.13% |
| Other expenses | 0.99% |
| Gross expense ratio | 1.52% |
| Fee waiver | −0.74% |
| Net expense ratio | 0.78% |
| Sales charges | |
|---|---|
| Max front load | 2.00% |
| 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 |
TBFAX Costs Over Time
On $10,000 invested in TBFAX, assuming 5% a year before costs, total costs come to $737 over 5 years, cutting the return by 1.24% 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 |
| Sales charges | $200 | $200 | $200 |
| Fund expenses (net expense ratio 0.78%) | $80 | $251 | $436 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $10 | $44 | $99 |
| Total costs | $290 | $496 | $737 |
| Value after costs | $10,210 | $11,081 | $12,026 |
| Impact on return, per year | 2.90% | 1.52% | 1.24% |
TBFAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0021%
- Total broker commissions: $849
- Bought from dealers (principal trades, not a cost): $316.2M
- Portfolio turnover (prospectus): 352%
- Securities lending: none during the year
TBFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $849 | 100.00% |
TBFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $73.1M | 27.67% |
| BOFA SECURITIES, INC. | $35.9M | 13.60% |
| STATE STREET GLOBAL MARKETS, LLC | $30.2M | 11.43% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $28.0M | 10.61% |
| J.P. MORGAN SECURITIES LLC | $26.8M | 10.14% |
| WELLS FARGO SECURITIES, LLC | $18.5M | 7.01% |
| BARCLAYS CAPITAL INC. | $18.2M | 6.88% |
| HSBC SECURITIES (USA) INC. | $12.1M | 4.56% |
| GOLDMAN SACHS & CO. LLC | $11.3M | 4.29% |
| BNP PARIBAS SECURITIES CORP. | $10.1M | 3.83% |
Thrivent Government Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TBFIX | Class S | 0.45% | none |
| TBFAX | Class A | 0.78% | 2.00% |
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.