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Tax Resource Center

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

For state income tax purposes, several states allow “pass-through” treatment of mutual fund dividends derived from interest on U.S. government obligations. To calculate the number 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 2019

Fund Name

Type of Government Obligation

Thrivent Aggressive Allocation Fund

U.S. Treasury Bonds: 2.48%

U.S. Government Agencies Total: 2.67%

  • Federal Agricultural Mortgage Corporation  0.06%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  0.44%
  • Federal Home Loan Bank  1.98%
  • Federal Home Loan Mortgage Corporation  0.11%
  • Federal National Mortgage Association  0.08%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation  0.00%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.00%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.00%
  • Housing and Urban Development  0.00%

Thrivent Balanced Income Plus Fund

U.S. Treasury Bonds: 0.02%

U.S. Government Agencies Total: 1.18%

  • Federal Agricultural Mortgage Corporation  0.02%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  0.14%
  • Federal Home Loan Bank  0.40%
  • Federal Home Loan Mortgage Corporation  0.19%
  • Federal National Mortgage Association  0.43%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation  0.00%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.00%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.00%
  • Housing and Urban Development  0.00%

Thrivent Diversified Income Plus Fund

U.S. Treasury Bonds: 0.04%

U.S. Government Agencies Total: 2.00%

  • Federal Agricultural Mortgage Corporation  0.02%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  0.19%
  • Federal Home Loan Bank  0.39%
  • Federal Home Loan Mortgage Corporation  0.62%
  • Federal National Mortgage Association  0.75%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.03%
  • Overseas Private Investment Corporation  0.00%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.00%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.00%
  • Housing and Urban Development  0.00%

Thrivent Global Stock Fund

U.S. Treasury Bonds: 0.03%

U.S. Government Agencies Total: 1.86%

  • Federal Agricultural Mortgage Corporation  0.03%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  0.20%
  • Federal Home Loan Bank  1.63%
  • Federal Home Loan Mortgage Corporation  0.00%
  • Federal National Mortgage Association  0.00%
  • Financing Corporation 0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation  0.00%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.00%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.00%
  • Housing and Urban Development  0.00%

Thrivent Government Bond Fund1

U.S. Treasury Bonds: 34.11%

U.S. Government Agencies Total: 29.70%

  • Federal Agricultural Mortgage Corporation  0.05%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  1.08%
  • Federal Home Loan Bank  0.74%
  • Federal Home Loan Mortgage Corporation  10.23%
  • Federal National Mortgage Association 9.98%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation  1.28%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.35%
  • Tennessee Valley Authority  3.22%
  • Small Business Administration  0.69%
  • Small Business Investment Companies  2.08%
  • Housing and Urban Development  0.00%

Thrivent High Income Municipal Bond Fund

U.S. Treasury Bonds: 0.37%

U.S. Government Agencies Total: 0.82%

  • Federal Agricultural Mortgage Corporation  0.00%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  0.00%
  • Federal Home Loan Bank  0.82%
  • Federal Home Loan Mortgage Corporation  0.00%
  • Federal National Mortgage Association  0.00%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation  0.00%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.00%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.00%
  • Housing and Urban Development  0.00%

Thrivent Income Fund

U.S. Treasury Bonds: 3.54%

U.S. Government Agencies Total: 0.41%

  • Federal Agricultural Mortgage Corporation  0.02%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  0.13%
  • Federal Home Loan Bank  0.09%
  • Federal Home Loan Mortgage Corporation  0.04%
  • Federal National Mortgage Association  0.13%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation  0.00%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.00%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.00%
  • Housing and Urban Development  0.00%

Thrivent International Allocation Fund

U.S. Treasury Bonds: 0.02%

U.S. Government Agencies Total: 0.99%

  • Federal Agricultural Mortgage Corporation  0.02%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  0.17%
  • Federal Home Loan Bank  0.80%
  • Federal Home Loan Mortgage Corporation  0.00%
  • Federal National Mortgage Association  0.00%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation  0.00%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.00%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.00%
  • Housing and Urban Development  0.00%

Thrivent Limited Maturity Bond Fund

U.S. Treasury Bonds: 14.67%

U.S. Government Agencies Total: 3.42%

  • Federal Agricultural Mortgage Corporation  0.02%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  0.14%
  • Federal Home Loan Bank  0.82%
  • Federal Home Loan Mortgage Corporation  0.46%
  • Federal National Mortgage Association  1.57%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation  0.00%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.41%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.00%
  • Housing and Urban Development  0.00%

 

Thrivent Moderate Allocation Fund

U.S. Treasury Bonds: 6.29%

U.S. Government Agencies Total: 2.45%

  • Federal Agricultural Mortgage Corporation  0.04%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  0.30%
  • Federal Home Loan Bank  0.78%
  • Federal Home Loan Mortgage Corporation  0.64%
  • Federal National Mortgage Association  0.64%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation  0.00%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.02%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.03%
  • Housing and Urban Development  0.00%

Thrivent Moderately Aggressive Allocation Fund

U.S. Treasury Bonds: 4.35%

U.S. Government Agencies Total: 2.13%

  • Federal Agricultural Mortgage Corporation  0.04%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  0.33%
  • Federal Home Loan Bank  0.92%
  • Federal Home Loan Mortgage Corporation  0.41%
  • Federal National Mortgage Association  0.39%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation  0.00%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.02%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.02%
  • Housing and Urban Development  0.00%

Thrivent Moderately Conservative Allocation Fund

U.S. Treasury Bonds: 7.30%

U.S. Government Agencies Total: 2.53%

  • Federal Agricultural Mortgage Corporation  0.04%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  0.28%
  • Federal Home Loan Bank  0.59%
  • Federal Home Loan Mortgage Corporation  0.74%
  • Federal National Mortgage Association  0.85%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation  0.00%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.03%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.00%
  • Housing and Urban Development  0.00%

Thrivent Money Market Fund

U.S. Treasury Bonds: 12.49%

U.S. Government Agencies Total: 87.32%

  • Federal Agricultural Mortgage Corporation  2.39%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  14.56%
  • Federal Home Loan Bank  36.30%
  • Federal Home Loan Mortgage Corporation  2.82%
  • Federal National Mortgage Association  1.14%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation 29.91%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.00%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.00%
  • Housing and Urban Development  0.20%

Thrivent Multidimensional Income Fund

U.S. Treasury Bonds: 0.78%

U.S. Government Agencies Total: 0.36%

  • Federal Agricultural Mortgage Corporation  0.01%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  0.08%
  • Federal Home Loan Bank  0.27%
  • Federal Home Loan Mortgage Corporation  0.00%
  • Federal National Mortgage Association  0.00%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation  0.00%
  • Resolution Funding Corporation  0.00%
  • Student Loan Marketing Association  0.00%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.00%
  • Housing and Urban Development  0.00%

Thrivent Opportunity Income Plus Fund

U.S. Treasury Bonds: 0.03%

U.S. Government Agencies Total: 1.53%

  • Federal Agricultural Mortgage Corporation  0.02%
  • Federal Deposit Insurance Corporation  0.00%
  • Federal Farm Credit Bank  0.19%
  • Federal Home Loan Bank  0.18%
  • Federal Home Loan Mortgage Corporation  0.35%
  • Federal National Mortgage Association  0.79%
  • Financing Corporation  0.00%
  • Government National Mortgage Association  0.00%
  • Overseas Private Investment Corporation  0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association  0.00%
  • Tennessee Valley Authority  0.00%
  • Small Business Administration  0.00%
  • Small Business Investment Companies  0.00%
  • Housing and Urban Development  0.00%

1 Since Thrivent Government Bond Fund paid a short-term capital gain in 2019, 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.