How to buy mutual funds from Thrivent

We’re delighted you’re considering Thrivent Mutual Funds. No matter how you buy, we’re here to help you invest with confidence.

Buy online through Thrivent Funds

You can open an account and purchase funds right on our site.

Why buy online?

  • Set up an account starting with as little as $50 per month1
  • Access your online account at your convenience.
  • Purchase funds without transaction fees or sales charges.

 

Buy through a financial professional

Need more guidance? Ask your financial professional about Thrivent Mutual Funds.

Why work 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, when working with a financial professional.

 

Buy through an investment account

Our funds can be purchased through other online brokerage platforms. Search for Thrivent Mutual Funds when making your selections.

Why buy through a brokerage account?

  • Add Thrivent Mutual Funds to 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.

 

Need more help?

Call or email us.
1-800-847-4836

M-F, 8 a.m. – 6 p.m. CT
Say “ThriventFunds.com” for faster service.
Contactus@Thriventfunds.com or,
Visit our support page

 

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. $50 a month automatic investment does not apply to the Thrivent Money Market Fund or Thrivent Limited Maturity Bond Fund, which have a minimum monthly investment of $100.

Now leaving ThriventFunds.com

 

You're about to visit a site that is neither owned nor operated by Thrivent Mutual Funds.

In the interest of protecting your information, we recommend you review the privacy policies at your destination site.

Thrivent Multidimensional Income Fund —
Class S
TMLDX
Thrivent Multidimensional Income Fund
Class
Risk profile
Conservative Aggressive
Target allocation
5% Core Fixed Inc
40% High Income Fixed
55% Flexible Income
Inception date
2/28/2017
As of
Net asset value
N/A
Daily NAV change
$N/A
As of N/A
YTD return
-9.88%
1-year return
-7.61%
As of 04/29/2022
Net annual fund operating expenses
0.98%
As of
Sales charge
None
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 130 investment professionals brings their deep expertise to managing each fund so you can feel confident in the choices you’re making. More than 75% have at least 10 years of experience, more than 45% 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.

  • Gregory R. Anderson, CFA
    Gregory R. Anderson, CFA
    Senior Portfolio Manager
    Managing this fund since 2017

    Mr. Anderson joined Thrivent in 1997. He has served as a portfolio manager since 2000. 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.


Performance

Performance data cited represents past performance and should not be viewed as an indication of 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 04/29/2022
0.98% Net annual fund operating expenses
1.36% Total annual fund operating expenses

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:

Yields

as of 04/29/2022
12 Month Distribution
3.86%
30 Day SEC
4.48%
30 Day SEC Pre-Waiver
4.06%
Monthly Distribution
4.56%

Growth of 10K

as of 04/29/2022
$11,512
Total market value
$2,402
Current value of reinvested dividends and capital gains

Calendar year performance

as of 04/29/2022

Characteristics

Performance data cited represents past performance and should not be viewed as an indication of 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 04/29/2022
Total number of holdings
751
Turnover ratio (as of 03/31/2022)
51%

Top 10 Holdings

as of 03/31/2022
24.30%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Thrivent Core Emerging Markets Debt Fund 8.55%
U.S. Treasury Notes 5.34% 12/31/2026 1.25%
U.S. Treasury Bonds 3.76% 11/15/2031 1.38%
iShares S&P U.S. Preferred Stock Index Fund 1.94%
SPDR Bloomberg High Yield Bond ETF 1.73%
SPDR Bloomberg Short Term High Yield Bond ETF High Yield Bond ETF 0.76%
J.P. Morgan Chase & Company 0.65% 12/29/2049 5.00%
AllianceBernstein Global High Income Fund, Inc. 0.53%
PGIM Global High Yield Fund, Inc. 0.53%
PGIM High Yield Bond Fund, Inc. 0.51%

Fund Diversification

as of 03/31/2022
N/A
N/A
  • High Yield Bonds
    35.69%
  • Preferred Securities
    24.65%
  • Closed-End Funds
    10.60%
  • U.S. Government Bonds
    9.09%
  • International Government Bonds
    7.04%
  • Investment-Grade Corporates
    5.58%
  • Cash
    3.78%
  • Equities, MLPs and Reits
    1.81%
  • Convertible Bonds
    1.62%
  • Securitized Debt
    .08%
  • Leveraged Loans
    .04%


Fixed Income characteristics

as of 04/29/2022
96.96%
of fund
Duration Average Life
Thrivent Multidimensional Income Fund 4.59 11.07
Bloomberg U.S. Aggregate Bond Index 6.41 8.70

Credit quality rating distribution

as of 04/29/2022
N/A
N/A
Bond type
% of total
  • High Quality (HQ) Bonds
    32.82%
  • Cash
    1.91%
  • U.S. Government Guaranteed
    10.59%
  • AAA
    .00%
  • AA
    .58%
  • A
    2.66%
  • BBB
    17.08%
Bond type
% of total
  • High Yield (HY) Bonds
    50.59%
  • BB
    28.47%
  • B
    18.05%
  • CCC
    3.99%
  • CC
    .05%
  • C
    .00%
  • D
    .03%
  • Non-Rated (NR) Bonds
    2.24%
  • May be HQ/HY/NR Bonds
    14.36%
  • ETFs/Closed-End Funds
    14.36%

Ratings

Morningstar

as of 04/30/2022
Category: Multisector Bond
Morningstar Information
Funds in category
Overall
279
3-Year
279
5-Year
246
10-Year
Doesn't apply due to fund's inception date of 2/28/2017
Risk vs. category
High
279
Return vs. category
Average
279

Morningstar ratings are calculated based on risk-adjusted return.

Fixed income style box
Hi
Med
Low
QUALITY
Limited
Moderate
Extensive
SENSITIVITY

Distributions

as of 04/29/2022
Dividends Month End Nav
May 2021 $0.0299 $10.38
June 2021 $0.0317 $10.48
July 2021 $0.0294 $10.47
August 2021 $0.0294 $10.50
September 2021 $0.0295 $10.41
October 2021 $0.0283 $10.40
November 2021 $0.0304 $10.23
December 2021 $0.0197 $10.24
January 2022 $0.0250 $9.92
February 2022 $0.0298 $9.67
March 2022 $0.0340 $9.55
April 2022 $0.0346 $9.11

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 04/29/2022
Record date Short term capital gains Long term capital gains Total
12/30/2021 $0.0718 $0.0647 $0.1365

Expenses, fees, and charges

Management Fees and Other Expenses 1.36%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 1.36%
Less Waiver (0.38%)
Net Annual Fund Operating Expenses 0.98%
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

Documents

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%.

Strategy

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.

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. Closed-end funds, BDCs, preferred securities, convertible securities, sovereign debt, and mortgage-related and other asset-backed securities are subject to additional risks. An ETF is subject to additional fees and expenses, tracking error, and the risks of the underlying investments that it holds. Foreign investments involve additional risks, such as currency fluctuations and political, economic and market instability, which may be magnified for investments in emerging markets. The Fund invests in a combination of other funds managed by the Adviser and in direct investments in equity and debt instruments 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. The London Interbank Offered Rate (LIBOR) is being phased out, which brings uncertainty to instruments tied to it. Markets may also be impacted by domestic or global events, including public health threats, terrorism, natural disasters or similar events. 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 Fund’s value is influenced by a number of factors, including the performance of the broader market, and risks specific to the Fund’s asset classes, investment styles, and issuers. The Adviser's assessment of investments and ESG considerations may prove incorrect, resulting in losses or poor performance. The Adviser is also subject to actual or potential conflicts of interest. When bond inventories are low in relation to the market size, there is the potential for decreased liquidity and increased price volatility. The use of derivatives such as futures also involve risks. These and other risks are described in the prospectus.