Abstract
- Thrivent Earnings Fund outperformed the Bloomberg U.S. Company Bond Index by 0.06% in the course of the fourth quarter.
- The Fund’s outperformance was pushed largely by a constructive contribution from safety choice in funding grade company bonds. The Fund additionally benefitted from an chubby place in US Treasuries.
- Through the quarter the Fund started to place much more defensively in sure components of the company bond market the place we imagine valuations had develop into wealthy and additional elevated our allocation to increased high quality sectors of the bond market, together with US Treasuries and high-quality securitized property.
- Whereas we don’t at the moment discover a lot worth in credit score spreads (the distinction in yield between a company bond and an identical maturity US Treasury bond), we do imagine absolute yield ranges for funding grade company bonds stay enticing.
AndreyPopov
Efficiency elements
Thrivent Earnings Fund outperformed the Bloomberg U.S. Company Bond Index by 0.06% in the course of the first quarter. The Fund’s outperformance was pushed largely by a constructive contribution from safety choice in funding grade company bonds. The Fund additionally benefitted from an
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