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Fixed Income Funds

Thrivent Multidimensional Income Fund(TMLDX)

You own shares of this fund

Class
Mutual Funds may offer different "classes" of shares. Classes indicate the type and number of fees or expenses an investor can expect to pay for shares in a fund.

Class S
These are no-load funds, meaning there are no front-end or back-end sales charges to purchase or sell shares. Prior to February 1, 2016, Class S shares were named "Institutional Shares".

Class A
These are front-end load funds. The Thrivent Low Volatility Equity and Multidimensional Income Funds are not offered as Class A. For other Thrivent Mutual Funds, this share class is not currently available to new shareholders. Current shareholders who have purchased Class A shares need to work with a Thrivent Financial Representative or service their mutual fund accounts on Thrivent.com.

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Class
Mutual Funds may offer different "classes" of shares. Classes indicate the type and number of fees or expenses an investor can expect to pay for shares in a fund.

Class S
These are no-load funds, meaning there are no front-end or back-end sales charges to purchase or sell shares. Prior to February 1, 2016, Class S shares were named "Institutional Shares".

Class A
These are front-end load funds. The Thrivent Low Volatility Equity and Multidimensional Income Funds are not offered as Class A. For other Thrivent Mutual Funds, this share class is not currently available to new shareholders. Current shareholders who have purchased Class A shares need to work with a Thrivent Financial Representative or service their mutual fund accounts on Thrivent.com.

Growth of $10,000

(as of 03/31/2017)

A look at this fund’s performance over the past 10 years or since the fund's inception (if less than 10 years), based on how an initial $10,000 investment would have changed over time.  Performance shown assumes the reinvest of all dividends and capital gains.  Performance of other share classes will vary from the results shown based on differences in sales charges and expenses. 

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(as of 03/31/2017)

A look at this fund’s performance over the past 10 years or since the fund's inception (if less than 10 years), based on how an initial $10,000 investment would have changed over time.  Performance shown assumes the reinvest of all dividends and capital gains.  Performance of other share classes will vary from the results shown based on differences in sales charges and expenses. 

Growth of $10,000
Year Value

Risk Potential

Risk Potential
The potential for risk within the Thrivent Mutual Funds has been categorized into five levels: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive, ranging from lower risk potential to higher risk potential. Funds on the lower risk portion of the scale (Conservative, Moderately Conservative) are expected to have a lower degree of volatility and price fluctuations while those on the higher risk portion of the scale (Aggressive, Moderately Aggressive) are expected to have a higher degree of volatility and price fluctuations.

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Risk Potential
The potential for risk within the Thrivent Mutual Funds has been categorized into five levels: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive, ranging from lower risk potential to higher risk potential. Funds on the lower risk portion of the scale (Conservative, Moderately Conservative) are expected to have a lower degree of volatility and price fluctuations while those on the higher risk portion of the scale (Aggressive, Moderately Aggressive) are expected to have a higher degree of volatility and price fluctuations.

Moderate

Target Allocation

Target Allocation
Shows a fund’s long-term target allocations (or mix of securities) based on asset class or world region.

Opportunistic Allocation
Contains both equity and fixed income investments.  See strategy section below for more information.

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Target Allocation
Shows a fund’s long-term target allocations (or mix of securities) based on asset class or world region.

Opportunistic Allocation
Contains both equity and fixed income investments.  See strategy section below for more information.

Core Fixed Inc 15%
Core-Plus Fl 45%
Opportunistic 40%

Fund Highlights

Net Asset Value
The NAV is the fund’s value or price per share. The NAV is calculated by dividing the market value of all the fund’s shares (minus its liabilities) by the number of issued shares.

Daily NAV Change 
The daily NAV change is the difference between the fund’s current price per share and its price at the time of market close on the prior day.

Returns
Returns are calculated on a calendar-year and year-to-date basis. The total return includes both the fund’s increase in value and dividends. 

Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain the fund, including operating expenses and management fees. It’s calculated by dividing the fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.

Sales Charges 
The commission paid by an investor upon investment in a fund.

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Net Asset Value
The NAV is the fund’s value or price per share. The NAV is calculated by dividing the market value of all the fund’s shares (minus its liabilities) by the number of issued shares.

Daily NAV Change 
The daily NAV change is the difference between the fund’s current price per share and its price at the time of market close on the prior day.

Returns
Returns are calculated on a calendar-year and year-to-date basis. The total return includes both the fund’s increase in value and dividends. 

Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain the fund, including operating expenses and management fees. It’s calculated by dividing the fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.

Sales Charges 
The commission paid by an investor upon investment in a fund.

( as of )

Public Offering Price
N/A

Net Asset Value

Daily NAV Change
N/A

( as of 03/31/2017 )

Since Inception Return
0.01%

1 Year Return
N/A
Net Annual Fund Operating Expenses
1.22%

Sales Charge
None

Fund Overview

Thrivent Multidimensional Income Fund has an inception date of February 28, 2017. It 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 has a long-term target allocation of 15% core fixed income, 45% core-plus fixed income, and 40% opportunistic investments. 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 securitized debt and investment grade corporate bonds. Core-plus fixed income securities include high yield and emerging market debt along with leveraged loans. Opportunistic investments may include closed-end funds, dividend-paying stocks, infrastructure securities, master limited partnerships, business development companies, preferred stocks, and convertible bonds.

The Fund allocates its assets across multiple income and growth producing asset classes and strategies. The value of the Fund is influenced by factors impacting the overall market, certain asset classes, certain investment styles, and specific issuers. The Fund may incur losses due to incorrect assessments of investments by its investment adviser. It is also subject to volatility risk, or the risk that the value value of the Fund’s shares may fluctuate significantly in the short term. Bond prices generally fall as interest rates rise. Credit risk is the risk that an issuer of a debt security may not pay its debt, and high yield securities are subject to increased credit risk as well as liquidity risk. Leveraged loans, closed-end funds, BDCs, MLPs, REITs, preferred securities, convertible securities, sovereign debt, and mortgage-related and other asset-backed securities are subject to additional risks. Foreign investments involve additional risks, including currency fluctuations, liquidity, political, economic and market instability, and different legal and accounting standards; these risks are magnified for investments in emerging markets. An ETF is subject to additional fees and expenses, tracking error, and the risks of the underlying investments that it holds. The use of derivatives (such as futures and swaps) involves additional risks and transaction costs, which could leave the Fund in a worse position than if it had not used these instruments.

Who Should Consider Investing?

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

Our seasoned team of more than 100 investment professionals brings their deep expertise to managing each fund so you can feel confident in the choices you’re making. More than 85% have at least 10 years of experience, nearly half have more than 20 years of investment experience, and 85% have earned the Chartered Financial Analyst designation, an advanced degree, or both.

Fund Details