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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

1 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 Bonds: 4.69%

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%

Looking for an IRS form or publication

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The principal underwriter for the Thrivent Mutual Funds is Thrivent Distributors, LLC. No communication or content, including investment analysis tools and information about the Thrivent Mutual Funds, on this website is intended to provide investment advice or recommendations of any kind and may not be relied upon as such. The communication and content found on this website, including investment analysis tools and information about the Thrivent Mutual Funds, are not intended as a solicitation to buy or an offer to sell any security. Thrivent Distributors, LLC has undertaken no review of the individual circumstances of any investor and makes no representations with respect to the suitability of any investment for a particular investor. Any purchase, sale or redemption of the Thrivent Mutual Funds will be executed through Thrivent Financial Investor Services Inc., the transfer agent for the Thrivent Mutual Funds, and an affiliate of Thrivent Distributors, LLC. Asset management services provided by Thrivent Asset Management, LLC. Thrivent Distributors, LLC. and Thrivent Asset Management, LLC. are wholly owned subsidiaries of Thrivent Financial for Lutherans, Appleton, WI.

Thrivent Distributors, LLC is a registered broker-dealer and member of FINRA with its principal place of business at 625 Fourth Avenue South, Minneapolis, MN 55415

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No communication or content on this website is intended to provide investment advice or recommendations of any kind and may not be relied upon as such. This website is not intended as a source for legal, accounting or tax advice. Work with your attorney and/or tax professional for additional information.

Marketing and general information about Thrivent Mutual Funds on this website is provided by Thrivent Distributors, LLC, principal underwriter for the Funds.  Thrivent Distributors, LLC is a registered broker-dealer and member of FINRA with its principal place of business at 625 Fourth Avenue South, Minneapolis, MN 55415