TMAFX Fees and Costs — Thrivent Moderately Aggressive Allocation Fund, Class S
Data updated: 2026-09-29
The net expense ratio is 0.91% (1.14% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.0M in broker commissions, 0.0210% of average net assets, and portfolio turnover was 49%.
TMAFX Fees and Expenses
Annual operating expenses and sales charges of TMAFX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.91% |
| 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 |
TMAFX Costs Over Time
On $10,000 invested in TMAFX, assuming 5% a year before costs, total costs come to $583 over 5 years, cutting the return by 0.98% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $98 | $320 | $583 |
| Value after costs | $10,402 | $11,256 | $12,180 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
TMAFX 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): 0.0210%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $3.7B
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $5.5M
- Net income from securities lending: $27K (0.001% of average net assets)
TMAFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $294K | 34.76% |
| BOFA SECURITIES, INC. | $109K | 12.94% |
| ROBERT W. BAIRD & CO. INCORPORATED | $85K | 10.08% |
| J.P. MORGAN SECURITIES LLC | $72K | 8.50% |
| JEFFERIES LLC | $67K | 7.89% |
| UBS SECURITIES LLC | $59K | 6.95% |
| PIPER SANDLER & CO. | $43K | 5.12% |
| RAYMOND JAMES & ASSOCIATES, INC. | $40K | 4.78% |
| GOLDMAN SACHS & CO. LLC | $40K | 4.77% |
| BMO CAPITAL MARKETS CORP. | $36K | 4.24% |
TMAFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $2.0B | 58.74% |
| WELLS FARGO SECURITIES, LLC | $340.2M | 9.85% |
| MORGAN STANLEY & CO. LLC | $269.4M | 7.81% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $256.9M | 7.44% |
| BARCLAYS CAPITAL INC. | $218.6M | 6.33% |
| BOFA SECURITIES, INC. | $99.3M | 2.88% |
| BMO CAPITAL MARKETS CORP. | $68.8M | 1.99% |
| DEUTSCHE BANK SECURITIES INC. | $66.1M | 1.92% |
| GOLDMAN SACHS & CO. LLC | $52.7M | 1.53% |
| J.P. MORGAN SECURITIES LLC | $52.1M | 1.51% |
Thrivent Moderately Aggressive 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 |
|---|---|---|---|
| TMAFX | Class S | 0.91% | none |
| TMAAX | Class A | 1.13% | 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.