TMAIX Fees and Costs — Thrivent Moderate Allocation Fund, Class S
Data updated: 2026-09-29
The net expense ratio is 0.86% (1.06% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $690K in broker commissions, 0.0177% of average net assets, and portfolio turnover was 59%.
TMAIX Fees and Expenses
Annual operating expenses and sales charges of TMAIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.86% |
| 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 |
TMAIX Costs Over Time
On $10,000 invested in TMAIX, assuming 5% a year before costs, total costs come to $550 over 5 years, cutting the return by 0.92% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $302 | $550 |
| Value after costs | $10,408 | $11,274 | $12,212 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
TMAIX 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): 0.0177%
- Total broker commissions: $690K
- Bought from dealers (principal trades, not a cost): $3.9B
- Portfolio turnover (prospectus): 59%
- Securities on loan, average value: $8.8M
- Net income from securities lending: $41K (0.001% of average net assets)
TMAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $227K | 39.30% |
| BOFA SECURITIES, INC. | $67K | 11.70% |
| ROBERT W. BAIRD & CO. INCORPORATED | $55K | 9.51% |
| J.P. MORGAN SECURITIES LLC | $47K | 8.09% |
| UBS SECURITIES LLC | $41K | 7.03% |
| JEFFERIES LLC | $40K | 7.00% |
| PIPER SANDLER & CO. | $27K | 4.71% |
| GOLDMAN SACHS & CO. LLC | $26K | 4.44% |
| RAYMOND JAMES & ASSOCIATES, INC. | $25K | 4.38% |
| SANFORD C. BERNSTEIN & CO., LLC | $22K | 3.84% |
TMAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $1.5B | 42.04% |
| MORGAN STANLEY & CO. LLC | $519.7M | 14.41% |
| WELLS FARGO SECURITIES, LLC | $515.2M | 14.28% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $346.7M | 9.61% |
| BARCLAYS CAPITAL INC. | $245.2M | 6.80% |
| BOFA SECURITIES, INC. | $159.2M | 4.41% |
| CITICORP SECURITIES INC | $100.6M | 2.79% |
| GOLDMAN SACHS & CO. LLC | $94.0M | 2.61% |
| MIZUHO SECURITIES USA LLC | $58.9M | 1.63% |
| J.P. MORGAN SECURITIES LLC | $51.1M | 1.42% |
Thrivent Moderate 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 |
|---|---|---|---|
| TMAIX | Class S | 0.86% | none |
| THMAX | Class A | 1.08% | 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.