Thrivent Money Market Fund Q1 2026 Commentary
The Thrivent Money Market Fund's Q1 2026 commentary highlights the Federal Reserve's decision to maintain the Federal Funds target rate between 3.50% and 3.75%. The fund's performance was influenced by its focus on floaters linked to the Secured Overnight Financing Rate and a shorter weighted-average maturity. Additionally, the fund maintains a conservative credit quality, with all investments in U.S. government or agency-related securities.
- ▪The Federal Reserve kept the Federal Funds target rate steady at 3.50-3.75% during Q1 2026.
- ▪The fund's performance was driven by a higher concentration in floaters indexed on the Secured Overnight Financing Rate.
- ▪The Thrivent Money Market Fund is fully invested in U.S. government or government agency-related securities.
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