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Tax Resource Center

Percentage of Ordinary Mutual Fund Dividends from U.S. Government Obligations

For state income tax purposes, a number of states allow “pass-through” treatment of mutual fund dividends derived from interest on U.S. government obligations. To calculate the amount of dividends qualifying for pass-through treatment, multiply the amount in Box 1a of your Form 1099-DIV by the percentages that apply to your state.

The types of government securities that qualify for such treatment vary by state. Please consult with a tax advisor to determine which, if any, of the obligations listed in the following table may be exempt from your state income tax.

At Thrivent Mutual Funds, we recommend you consult your tax advisor to make sure you’re getting the most out of your investments. Thrivent Mutual Funds and their representatives cannot provide legal or tax advice.

Dividends From U.S. Government Obligations for 2017

Fund Name

Type of Government Obligation

Thrivent Income Fund

U.S. Treasury Bonds : 2.50%

U.S. Government Agencies Total: 0.68%

  • Federal Agricultural Mortgage Corp.  0.00%
  • Federal Deposit Insurance Corp.  0.00%
  • Federal Farm Credit Bank  0.03%
  • Federal Home Loan Bank  0.62%
  • Federal Home Loan Mortgage Corp.  0.02%
  • Federal National Mortgage Association  0.01%
  • Financing Corporation  0.00%
  • Government National Mortgage Assoc.  0.00%
  • Overseas Private Investment Corp.  0.00%
  • Resolution Funding Corp.  0.00%
  • SLM Corporation  0.00%
  • Tennessee Valley Authority  0.00%

Thrivent Government Bond Fund1

Since Thrivent Government Bond Fund paid a short-term capital gain in 2017, the percentage of income from interest on government obligations is lower than a shareholder may think it would be since the amount in box 1a contains the total of dividends and short-term capital gains. However, the special tax treatment allowed by the states applies only to dividends paid as a result of receiving interest from government obligations. The special tax treatment does not apply to short-term capital gains.

US Treasury Bonds: 33.52%

U.S. Government Agencies Total: 24.74%

  • Federal Agricultural Mortgage Corp.  0.19%
  • Federal Deposit Insurance Corp.  0.00%
  • Federal Farm Credit Bank  0.71%
  • Federal Home Loan Bank  2.40%
  • Federal Home Loan Mortgage Corp.  4.92%
  • Federal National Mortgage Association  12.76%
  • Financing Corporation  0.00%
  • Government National Mortgage Assoc.  0.00%
  • Overseas Private Investment Corp.  0.01%
  • Resolution Funding Corp.  0.00%
  • SLM Corporation  0.00%
  • Tennessee Valley Authority  3.75%

Thrivent Limited Maturity Bond Fund

U.S. Treasury Bonds: 11.12%

U.S. Government Agencies Total: 3.66%

  • Federal Agricultural Mortgage Corp.  0.00%
  • Federal Deposit Insurance Corp.  0.00%
  • Federal Farm Credit Bank  0.02%
  • Federal Home Loan Bank  0.66%
  • Federal Home Loan Mortgage Corp.  0.16%
  • Federal National Mortgage Association  2.10%
  • Financing Corporation  0.00%
  • Government National Mortgage Assoc.  0.00%
  • Overseas Private Investment Corp.  0.01%
  • Resolution Funding Corp.  0.00%
  • SLM Corporation  0.71%
  • Tennessee Valley Authority  0.00%

Thrivent Moderate Allocation Fund

U.S. Treasury Bonds4.69%

U.S. Government Agencies Total: 1.11%

  • Federal Agricultural Mortgage Corp.  0.00%
  • Federal Deposit Insurance Corp.  0.00%
  • Federal Farm Credit Bank  0.06%
  • Federal Home Loan Bank  0.46%
  • Federal Home Loan Mortgage Corp.  0.27%
  • Federal National Mortgage Association  0.29%
  • Financing Corporation  0.00%
  • Government National Mortgage Assoc.  0.00%
  • Overseas Private Investment Corp.  0.01%
  • Resolution Funding Corp.  0.00%
  • SLM Corporation  0.02%
  • Tennessee Valley Authority  0.00%

Thrivent Moderately Aggressive Allocation Fund

U.S. Treasury Bonds: 2.54%

U.S. Government Agencies Total: 0.75%

  • Federal Agricultural Mortgage Corp.  0.00%
  • Federal Deposit Insurance Corp.  0.00%
  • Federal Farm Credit Bank  0.04%
  • Federal Home Loan Bank  0.40%
  • Federal Home Loan Mortgage Corp.  0.14%
  • Federal National Mortgage Association  0.14%
  • Financing Corporation  0.00%
  • Government National Mortgage Assoc.  0.00%
  • Overseas Private Investment Corp.  0.01%
  • Resolution Funding Corp.  0.00%
  • SLM Corporation  0.02%
  • Tennessee Valley Authority  0.00%

Thrivent Aggressive Allocation Fund

U.S. Treasury Bonds: 0.95%

U.S. Government Agencies Total: 0.65%

  • Federal Agricultural Mortgage Corp.  0.00%
  • Federal Deposit Insurance Corp.  0.00%
  • Federal Farm Credit Bank  0.04%
  • Federal Home Loan Bank  0.52%
  • Federal Home Loan Mortgage Corp.  0.04%
  • Federal National Mortgage Association  0.04%
  • Financing Corporation  0.00%
  • Government National Mortgage Assoc.  0.00%
  • Overseas Private Investment Corp.  0.01%
  • Resolution Funding Corp.  0.00%
  • SLM Corporation  0.00%
  • Tennessee Valley Authority  0.00%

Thrivent Moderately Conservative Allocation Fund

U.S. Treasury Bonds: 6.53%

U.S. Government Agencies Total: 1.54%

  • Federal Agricultural Mortgage Corp.  0.00%
  • Federal Deposit Insurance Corp.  0.00%
  • Federal Farm Credit Bank  0.07%
  • Federal Home Loan Bank  0.46%
  • Federal Home Loan Mortgage Corp.  0.46%
  • Federal National Mortgage Association  0.45%
  • Financing Corporation  0.00%
  • Government National Mortgage Assoc.  0.00%
  • Overseas Private Investment Corp.  0.02%
  • Resolution Funding Corp.  0.00%
  • SLM Corporation  0.08%
  • Tennessee Valley Authority  0.00%

Thrivent Money Market Fund

U.S. Treasury Bonds: 18.65%

U.S. Government Agencies Total: 81.33%

  • Federal Agricultural Mortgage Corp.  2.22%
  • Federal Deposit Insurance Corp.  0.00%
  • Federal Farm Credit Bank  7.42%
  • Federal Home Loan Bank  42.12%
  • Federal Home Loan Mortgage Corp.  2.07%
  • Federal National Mortgage Association  1.60%
  • Financing Corporation  0.45%
  • Government National Mortgage Assoc.  0.00%
  • Overseas Private Investment Corp.  25.45%
  • Resolution Funding Corp.  0.00%
  • SLM Corporation  0.00%
  • Tennessee Valley Authority  0.00%

Thrivent Large Cap Stock Fund

U.S. Treasury Bonds: 0.08%

U.S. Government Agencies Total: 1.83%

  • Federal Agricultural Mortgage Corp.  0.02%
  • Federal Deposit Insurance Corp.  0.00%
  • Federal Farm Credit Bank  0.02%
  • Federal Home Loan Bank  1.77%
  • Federal Home Loan Mortgage Corp.  0.01%
  • Federal National Mortgage Association  0.01%
  • Financing Corporation  0.00%
  • Government National Mortgage Assoc.  0.00%
  • Overseas Private Investment Corp.  0.00%
  • Resolution Funding Corp.  0.00%
  • SLM Corporation  0.00%
  • Tennessee Valley Authority  0.00%