TCAAX Fees and Costs — Thrivent Moderately Conservative Allocation Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 1.05% (1.21% before fee waivers). This share class carries a maximum front-end sales load of 4.50%. In fiscal 2025 the fund paid $135K in broker commissions, 0.0120% of average net assets, and portfolio turnover was 57%.
TCAAX Fees and Expenses
Annual operating expenses and sales charges of TCAAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.13% |
| Gross expense ratio | 1.21% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.05% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
TCAAX Costs Over Time
On $10,000 invested in TCAAX, assuming 5% a year before costs, total costs come to $1,208 over 5 years, cutting the return by 2.07% 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 | $450 | $450 | $450 |
| Fund expenses (net expense ratio 1.05%) | $105 | $328 | $569 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $23 | $87 | $182 |
| Total costs | $579 | $869 | $1,208 |
| Value after costs | $9,921 | $10,707 | $11,555 |
| Impact on return, per year | 5.79% | 2.70% | 2.07% |
TCAAX 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): 0.0120%
- Total broker commissions: $135K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $2.9M
- Net income from securities lending: $15K (0.001% of average net assets)
TCAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $54K | 47.00% |
| J.P. MORGAN SECURITIES LLC | $12K | 10.01% |
| BOFA SECURITIES, INC. | $11K | 9.14% |
| ROBERT W. BAIRD & CO. INCORPORATED | $9K | 8.02% |
| JEFFERIES LLC | $8K | 6.66% |
| PIPER SANDLER & CO. | $5K | 4.69% |
| UBS SECURITIES LLC | $5K | 4.64% |
| GOLDMAN SACHS & CO. LLC | $4K | 3.51% |
| SANFORD C. BERNSTEIN & CO., LLC | $4K | 3.23% |
| RAYMOND JAMES & ASSOCIATES, INC. | $4K | 3.08% |
TCAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $419.7M | 36.50% |
| WELLS FARGO SECURITIES, LLC | $192.8M | 16.77% |
| MORGAN STANLEY & CO. LLC | $170.1M | 14.80% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $97.9M | 8.52% |
| BARCLAYS CAPITAL INC. | $65.6M | 5.71% |
| BOFA SECURITIES, INC. | $60.6M | 5.27% |
| CITICORP SECURITIES INC | $43.3M | 3.77% |
| GOLDMAN SACHS & CO. LLC | $41.6M | 3.62% |
| BNP PARIBAS SECURITIES CORP. | $34.9M | 3.04% |
| J.P. MORGAN SECURITIES LLC | $23.2M | 2.02% |
Thrivent Moderately Conservative Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TCAIX | Class S | 0.80% | none |
| TCAAX | Class A | 1.05% | 4.50% |
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.