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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.


Financial Professional

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

Buy with a financial professional

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


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.
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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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Pending shareholder approval, Thrivent Multidimensional Income Fund will merge into Thrivent Opportunity Income Plus Fund on July 19, 2024. It closed to new shareholder accounts at the close of business May 3, 2024. See prospectus for more information.

Thrivent Multidimensional Income Fund —
Class S
Thrivent Multidimensional Income Fund
Risk profile
The risk profile for this fund is Moderate
Target allocation
5% Core Fixed Inc
40% High Income Fixed
55% Flexible Income
Inception date
As of
Net asset value
Daily NAV change
As of N/A
YTD return
1-year return
As of 05/31/2024
Net annual fund operating expenses
As of
Sales charge
As of

Thrivent Multidimensional Income Fund seeks a high level of current income and, secondarily, growth of capital.

This Fund seeks to provide a high level of income by investing in a diversified mix of fixed income securities along with other opportunistic investments. The Fund invests primarily in higher-yielding, higher-risk fixed income securities in an attempt to generate income. The Fund is tactically managed, which means the asset mix will change depending on the market environment. The Fund is actively managed and invests in a combination of other funds managed by the Adviser and direct investments in equity and debt instruments.

The Fund may be suitable for investors who:

  • Seek a high level of income
  • Have a medium- to long-term time horizon and a moderate risk tolerance
  • Are able to withstand the volatility of high yielding securities in pursuit of high current income
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.

  • Stephen D. Lowe, CFA
    Stephen D. Lowe, CFA
    Chief Investment Strategist
    Managing this fund since 2018

    Mr. Lowe joined Thrivent in 1997. He is the Chief Investment Strategist and has served as the portfolio manager of various Thrivent mutual funds since 2009. He has also been a senior portfolio manager of the high yield portion of Thrivent's general account since 2005. Read more.

  • Kent L. White, CFA
    Kent L. White, CFA
    VP, Fixed Income Mutual Funds
    Managing this fund since 2019

    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.

  • Theron G. Whitehorn, CFA
    Theron G. Whitehorn, CFA
    Senior Portfolio Manager
    Managing this fund since 2021

    Mr. Whitehorn joined Thrivent in 2018 serving as Director of Fixed Income Quantitative Research. Read more.


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 05/31/2024
0.94% Net annual fund operating expenses
1.27% Total annual fund operating expenses
Thrivent Multidimensional Income Fund Bloomberg U.S. Corporate High Yield Bond Index Bloomberg Emerging Markets USD Sovereign Index S&P U.S. Preferred Stock Total Return Index Morningstar Multisector Bond Avg
3M 1.00% 1.33% 2.03% 0.09% 1.12%
YTD 1.64% 1.63% 1.44% 5.22% 1.39%
1Y 8.03% 11.24% 10.90% 13.43% 7.21%
3Y -0.93% 1.78% -2.44% -0.43% 0.00%
5Y 2.71% 4.19% 0.29% 3.45% 2.19%
Since Inception 2/28/2017 2.76% - - - -

The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.

See data by:


as of 05/31/2024
12 Month Distribution
30 Day SEC
30 Day SEC Pre-Waiver
Monthly Distribution

Growth of 10K

as of 05/31/2024
Total market value
Current value of reinvested dividends and capital gains

Calendar year performance

as of 05/31/2024


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 05/31/2024
Total number of holdings
Turnover ratio (as of 04/30/2024)

Top 10 Holdings

as of 04/30/2024
of all holdings
Security name % of total assets Maturity Coupon rate
Thrivent Core Emerging Markets Debt Fund 7.20%
U.S. Treasury Notes 6.71% 12/31/2026 1.25%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 5.70% 03/01/2053 5.00%
U.S. Treasury Notes 4.60% 11/15/2031 1.38%
U.S. Treasury Notes 2.35% 07/31/2025 4.75%
U.S. Treasury Bonds 2.06% 02/15/2043 3.88%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.65% 09/01/2053 4.50%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.64% 08/01/2052 4.50%
Vanguard Short-Term Corporate Bond ETF 1.42%
Federal Home Loan Mortgage Corporation Conventional 30-Yr. Pass Through 1.28% 07/01/2053 5.50%

Fund Diversification

as of 03/28/2024
  • High Yield Bonds
  • U.S. Government Bonds
  • Preferred Securities
  • Securitized Debt
  • Closed-End Funds
  • International Government Bonds
  • Investment-Grade Corporates
  • Convertible Bonds
  • Cash
  • Equities, MLPs and Reits

Fixed Income characteristics

as of 05/31/2024
of fund
Duration Average Life
Thrivent Multidimensional Income Fund 4.09 7.53
Bloomberg U.S. Aggregate Bond Index 6.07 8.62

Credit quality rating distribution

as of 05/31/2024
Bond type
% of total
  • High Quality (HQ) Bonds
  • U.S. Government Guaranteed
  • AAA
  • AA
  • A
  • BBB
Bond type
% of total
  • High Yield (HY) Bonds
  • BB
  • B
  • CCC
  • CC
  • C
  • D
  • Non-Rated (NR) Bonds
  • May be HQ/HY/NR Bonds
  • ETFs/Closed-End Funds



as of 05/31/2024
Category: Multisector Bond
Morningstar Information
Funds in category
3 out of five stars
funds in category
2 out of five stars
funds in category
3 out of five stars
funds in category
Doesn't apply due to fund's inception date of 2/28/2017
Risk vs. category
funds in category
Return vs. category
funds in category

Morningstar ratings are calculated based on risk-adjusted return.

Fixed income style box
fixed income style is limited sensitivity and medium quality


as of 05/31/2024
Dividends Month End Nav
June 2023 $0.0335 $8.52
July 2023 $0.0331 $8.59
August 2023 $0.0331 $8.51
September 2023 $0.0340 $8.33
October 2023 $0.0342 $8.15
November 2023 $0.0346 $8.49
December 2023 $0.0336 $8.75
January 2024 $0.0328 $8.78
February 2024 $0.0331 $8.74
March 2024 $0.0365 $8.80
April 2024 $0.0343 $8.62
May 2024 $0.0357 $8.72

Trailing 12-Months; Dividend Schedule: Paid Monthly

Capital gain distribution amounts may change due to reclassifications relating to the fund’s holdings in REIT investments. See Corporate Actions Impacting Cost Basis for information about previous return of capital distributions.

Capital gains - trailing 12 months

as of 05/31/2024
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 1.27%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 1.27%
Less Waiver (0.33%)
Net Annual Fund Operating Expenses 0.94%
Redemption Fee None
Transaction Fee None
Low Balance Fee $10 semiannually
Front-End Sales Charge None
Back-End Sales Charge None

The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.

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


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

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


The Fund has a long-term target allocation of 5% core fixed income, 40% high-income, and 55% flexible income. The target allocation is subject to change. The portfolio management team actively manages the Fund with overweight and underweight positions in the various sectors based on their views of the market and economy. Securities are analyzed and selected on an ongoing basis. Core fixed income securities include Treasury securities and cash. High-Income fixed income securities include high yield and emerging market debt. Flexible income investments may include preferred stocks, closed-end funds, ETFs, and convertible bonds.


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. Closed-end funds, ETFs, preferred securities, convertible securities, sovereign debt, and mortgage-related and other asset-backed securities are subject to additional risks. The Adviser is also subject to actual or potential conflicts of interest. The use of derivatives (such as futures) also involves risks. Foreign investments involve additional risks, such as currency fluctuations and political, economic and market instability, which may be magnified for investments in emerging markets. 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 is influenced by the performance of the broader market and 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 invests in other funds; therefore, the Fund is dependent upon the performance of the other funds and is subject to the risks, additional fees and expenses of the other funds. These and other risks are described in the prospectus.

Individual Investors

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