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MUTUAL FUNDS

Thrivent Account

You can purchase mutual funds right on our site with an online account.

Buy with a Thrivent account

  • Set up an account starting with as little as $50 per month.1
  • Access your online account at your convenience.
  • Purchase funds without transaction fees or sales charges.

MUTUAL FUNDS & ETFS

Financial Professional

For guidance when investing, ask a financial professional about buying Thrivent mutual funds & ETFs.

Buy with a financial professional

  • Receive investment help from an experienced professional.
  • Build a relationship through in-person meetings.
  • Get help planning for life’s goals such as saving and retirement.
  • Additional fees may apply.

MUTUAL FUNDS & ETFS

Brokerage Account

If you already have a brokerage account, our mutual funds & ETFs can be purchased through online brokerage platforms by searching for Thrivent Mutual Funds and ETFs.

Buy with a brokerage account

  • Add Thrivent Mutual Funds and ETFs to your investments within your existing portfolio.
  • Take advantage of your account to keep your investments in one place.
  • Additional fees may apply.
Not quite ready?

We want you to invest your money wisely and with confidence.
Here are some other options that may help you.

  • Take our quiz to determine your personal investment style.
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Need more help?

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This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. For example:

 - You may have to pay more money to trade the ETF’s shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.

 - The price you pay to buy ETF shares on an exchange may not match the value of the ETF’s portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders.

 - These additional risks may be even greater in bad or uncertain market conditions.

 - The ETF will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF’s holdings, it is not the ETF’s actual portfolio.

The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of the ETF, see the Principal Risks section of the prospectus.

1 New accounts with a minimum investment amount of $50 are offered through the Thrivent Mutual Funds "automatic purchase plan." Otherwise, the minimum initial investment requirement is $2,000 for non-retirement accounts and $1,000 for IRA or tax-deferred accounts, minimum subsequent investment requirement is $50 for all account types. Account minimums for other options vary.

Thrivent ETFs may be purchased through your financial professional or brokerage platforms.

Contact your financial professional or brokerage firm to understand minimum investment amounts when purchasing a Thrivent ETF.

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Thrivent Income Fund —
Class A
LUBIX
LUBIX
Thrivent Income Fund
Class
Risk profile
The risk profile for this fund is Moderately Conservative

Morningstar Fixed Income Style Box

Interest Rate Sensitivity:
Moderate
Credit Quality:
Medium
 
Inception date
6/1/1972
As of
Public offering price
N/A
Net asset value
-
Daily NAV change
-
As of N/A
YTD return with sales charge
-4.53%
1-year return with sales charge
0.19%
As of 06/28/2024
Net annual fund operating expenses
0.77%
As of
Max sales charge
4.50%
As of

Thrivent Income Fund seeks high current income while preserving principal and, secondarily, to obtain long-term growth of capital in order to maintain investors’ purchasing power.

This Fund invests primarily in investment-grade corporate bonds, government bonds, asset-backed securities, and mortgage-backed securities. The Fund may also invest a portion of its assets in high yield bonds, leveraged loans and preferred stock, and may opportunistically invest in foreign issuers (including emerging market issuers), non-agency mortgage-backed securities and commercial mortgage- backed securities. The Fund typically has its largest allocation in BBB-rated bonds, which are the lowest-tier of investment grade bonds. The Fund uses derivatives in order to manage the Fund’s duration, or interest rate risk.

The Fund may be suitable for investors who:

  • Seek a high level of income while preserving principal
  • Have a medium to long-term investment time horizon and a moderately conservative risk tolerance
  • Are willing to accept lower long-term returns in order to have a low to moderate level of risk and volatility
Fund management

Our seasoned team of more than 140 investment professionals brings their deep expertise to managing each fund so you can feel confident in the choices you’re making. More than 80% have at least 10 years of experience, more than 50% have more than 20 years of investment experience, and more than 80% have earned the Chartered Financial Analyst designation, an advanced degree, or both.

  • Kent L. White, CFA
    Kent L. White, CFA
    VP, Fixed Income Mutual Funds
    Managing this fund since 2017

    Mr. White is currently a Senior Portfolio Manager at Thrivent and was previously the Director of Investment Grade Research. He has been with the firm since 1999. Read more.

  • Cortney Swensen, CFA
    Cortney Swensen, CFA
    Senior Portfolio Manager
    Managing this fund since 2023

    Ms. Swensen joined Thrivent in 2011 serving as a research analyst covering investment grade corporate bonds. She became a portfolio manager in 2016. Read more.


Performance

All data represents past performance. Past performance does not guarantee future results. Investment return and principal value of the investment will fluctuate so that an investor’s shares, when redeemed may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted.


Average Annualized Returns

as of 06/28/2024
0.77% Total annual fund operating expenses
Thrivent Income Fund Bloomberg U.S. Corporate Bond Index Morningstar Corporate Bond Avg
3M -4.44% -0.09% 0.15%
YTD -4.53% -0.49% 0.14%
1Y 0.19% 4.63% 5.09%
3Y -4.45% -3.03% -2.68%
5Y -0.02% 0.62% 0.81%
10Y 1.76% 2.34% 2.17%

The average annualized returns for the fund reflect the current maximum sales charge of 4.50%.

See data by:

Yields

as of 06/28/2024
12 Month Distribution
3.98%
30 Day SEC
4.63%
Monthly Distribution
4.17%

Growth of 10K

as of 06/28/2024
$12,471
Total market value
$3,915
Current value of reinvested dividends and capital gains

Calendar year performance

as of 06/28/2024

Characteristics

All data represents past performance. Past performance does not guarantee future results. Investment return and principal value of the investment will fluctuate so that an investor’s shares, when redeemed may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted.


Holdings breakdown

as of 06/28/2024
Total number of holdings
586
Turnover ratio (as of 05/31/2024)
47%

Top 10 Holdings

as of 05/31/2024
7.74%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Federal Home Loan Mortgage Corporation Conventional 30-Yr. Pass Through 1.55% 07/01/2053 5.50%
U.S. Treasury Notes 1.16% 01/31/2029 4.00%
U.S. Treasury Bonds 0.83% 05/15/2053 3.63%
U.S. Treasury Bonds 0.79% 11/15/2053 4.75%
U.S. Treasury Bonds 0.76% 02/15/2054 4.25%
UBS Group AG 0.66% 08/12/2033 6.54%
Sprint Capital Corporation 0.59% 03/15/2032 8.75%
Cheniere Energy Partners, LP 0.48% 10/01/2029 4.50%
ONEOK, Inc. 0.47% 01/15/2031 6.35%
UBS Group AG 0.45% 01/12/2029 3.87%

Fund Diversification

as of 06/28/2024
N/A
N/A
  • Investment-Grade Corporates
    83.52%
  • High Yield Bonds
    7.63%
  • Flexible Income
    3.63%
  • U.S. Government Bonds
    3.45%
  • Securitized Debt
    .73%
  • Cash
    .68%
  • International Government Debt
    .36%

Fixed Income characteristics

as of 06/28/2024
Duration Average Life
Thrivent Income Fund 6.48 9.90
Bloomberg U.S. Aggregate Bond Index 6.07 8.61

Credit quality rating distribution

as of 06/28/2024
N/A
N/A
Bond type
% of total
  • High Quality (HQ) Bonds
    89.66%
  • U.S. Government Guaranteed
    4.20%
  • AAA
    0.10%
  • AA
    3.28%
  • A
    23.36%
  • BBB
    58.72%
Bond type
% of total
  • High Yield (HY) Bonds
    10.26%
  • BB
    9.66%
  • B
    0.30%
  • CCC
    0.30%
  • CC
    0.00%
  • C
    0.00%
  • D
    0.00%
  • Non-Rated (NR) Bonds
    0.07%
  • May be HQ/HY/NR Bonds
    0.00%
  • ETFs/Closed-End Funds
    0.00%

Ratings

Morningstar

as of 06/30/2024
Category: Corporate Bond
Morningstar Information
Funds in category
Overall
3 out of five stars
179
funds in category
3-Year
3 out of five stars
179
funds in category
5-Year
3 out of five stars
161
funds in category
10-Year
3 out of five stars
99
funds in category
Risk vs. category
Average
179
funds in category
Return vs. category
Average
179
funds in category

Morningstar ratings are calculated based on risk-adjusted return.

Fixed income style box
fixed income style is moderate sensitivity and medium quality
Limited
Moderate
Extensive
SENSITIVITY

Distributions

as of 06/28/2024
Dividends Month End Nav Month End Pop
July 2023 $0.0253 $7.96 $8.34
August 2023 $0.0256 $7.88 $8.25
September 2023 $0.0241 $7.64 $8.00
October 2023 $0.0272 $7.46 $7.81
November 2023 $0.0277 $7.87 $8.24
December 2023 $0.0251 $8.17 $8.55
January 2024 $0.0287 $8.15 $8.53
February 2024 $0.0251 $8.01 $8.39
March 2024 $0.0243 $8.08 $8.46
April 2024 $0.0297 $7.85 $8.22
May 2024 $0.0282 $7.97 $8.35
June 2024 $0.0256 $8.00 $8.38

Trailing 12-Months; Dividend Schedule: Declared Daily, Paid Monthly


Capital gains - trailing 12 months

as of 06/28/2024
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 0.52%
Distribution/12b-1 Fee 0.25%
Total Annual Fund Operating Expenses 0.77%
Redemption Fee None
Transaction Fee None
Low Balance Fee $10 semiannually
Front-End Sales Charge Max 4.50%
Back-End Sales Charge None

Minimum investment

Initial for non-retirement accounts $2,000
Initial for retirement or tax deferred accounts $1,000
Additional Purchases $50
Initial minimums are waived when a recurring investment of $50 or more is set up

Documents

Title Download View
Prospectus & Fund Documents -
Fund Facts -
Schedule of Investments -
Annual Proxy Voting -

Due to rounding, some values may not total 100%.

Strategy

The portfolio management team seeks to add value through security selection and active management, and monitors risk in an effort to build a well-diversified portfolio. The team uses fundamental and other investment research techniques to determine which securities to buy and sell. The Adviser may purchase bonds of any maturity and generally focuses on U.S. companies that it believes are financially sound and have strong cash flows and earnings. The team also considers the macro-economic environment and performs an ongoing assessment of relative value and risk. Based on this market outlook, the Fund may take overweight and underweight positions in various sectors and industries and may reallocate across the higher and lower-quality segments of the bond market. The analysts perform research and provide buy/sell recommendations while the portfolio manager is responsible for portfolio construction and risk management.

Risk

Debt securities are subject to risks such as declining prices during periods of rising interest rates and credit risk, or the risk that an issuer may not pay its debt. High yield securities are subject to increased credit risk as well as liquidity risk. The use of derivatives (such as futures) involves additional risks and transaction costs. Foreign investments involve additional risks, such as currency fluctuations and political, economic and market instability, which may be magnified for investments in emerging markets. To the extent that the financials sector continues to represent a significant portion of the Fund, The Fund will be sensitive to changes in, and its performance may depend to a greater extent on, factors impacting this sector. U.S. government securities may not be fully guaranteed by the U.S government and issues may not have the funds to meet their payment obligations. The value of U.S. government securities may be affected by changes in credit ratings, which may be negatively impacted by rising national debt. The Adviser's assessment of investments may prove incorrect, resulting in losses or poor performance. The Fund’s value may be affected by factors specific to an issuer within the Fund. When bond inventories are low in relation to the market size, there is the potential for decreased liquidity and increased price volatility. The Fund’s value is influenced the performance of the broader market. The value of mortgage-related and other asset-backed securities will be influenced by the factors affecting the housing market and the assets underlying such securities. In unusual circumstances, the Fund could experience a loss when selling portfolio securities to meet redemption requests for a variety of reasons. These and other risks are described in the prospectus.

Individual Investors


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