Three ways to buy Thrivent funds

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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

  • 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.


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?

If you need assistance, we’re here to help. Reach out to us via the phone, email, and support page information below.


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 Balanced Income Plus Fund —
Class S
Thrivent Balanced Income Plus Fund
Morningstar Rating
Moderately Conservative Allocation
Rating 4
Overall among 446 funds as of
Morningstar ratings are calculated based on risk-adjusted return.
Risk profile
The risk profile for this fund is Moderate
Target allocation
45% Equity
55% Fixed 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 Balanced Income Plus Fund seeks long-term total return through a balance between income and the potential for long-term capital growth.

This Fund provides a balanced approach to income and capital appreciation. 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. Approximately half of the portfolio is invested in equity securities to provide potential growth, while the other half of the portfolio is invested in higher-yielding, higher-risk, fixed income securities to generate income. Investments are diversified across sectors in order to manage risk, potentially provide more stability when interest rates rise, and to provide the opportunity for long-term capital growth and income.

The fund may be suitable for investors who:

  • Seek a balance of income and the opportunity for long-term growth
  • Have a medium to long-term investment time horizon and a moderate risk tolerance
  • Are able to withstand a moderate level of risk and volatility in pursuit of moderate long-term returns
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 2013

    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.

  • David Spangler, CFA
    David Spangler, CFA
    Head of Mixed Assets and Market Strategies
    Managing this fund since 2019

    Mr. Spangler joined Thrivent in 2002 serving as Director of Thrivent’s Investment Product Management group. 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
0.78% Total annual fund operating expenses
Thrivent Balanced Income Plus Fund Bloomberg U.S. Mortgage-Backed Securities Index Bloomberg U.S. High Yield Ba/B 2% Issuer Capped Index MSCI World Index - USD Net Returns Morningstar Moderately Conservative Allocation Avg
3M 1.62% -0.04% 1.35% 3.82% 1.78%
YTD 3.15% -2.12% 1.44% 9.52% 3.01%
1Y 11.94% 0.50% 10.50% 24.92% 10.60%
3Y 1.56% -3.31% 1.69% 6.67% 0.58%
5Y 5.98% -0.85% 4.25% 12.76% 4.68%
10Y 5.21% 0.80% 4.32% 9.13% 4.08%
See data by:


as of 05/31/2024
12 Month Distribution
30 Day SEC
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 International Equity Fund 6.70%
Thrivent Core Emerging Markets Debt Fund 4.96%
Federal National Mortgage Association Conventional 15-Yr. Pass Through 1.32% 05/01/2039 4.50%
Microsoft Corporation 1.23%
NVIDIA Corporation 0.97%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 0.96% 05/01/2054 5.50%
U.S. Treasury Bonds 0.90% 08/15/2042 3.38%, Inc. 0.88%
Apple, Inc. 0.85%
U.S. Treasury Notes 0.85% 07/31/2028 4.13%

Fund Diversification

as of 03/28/2024
  • Large Cap Equity
  • Mid Cap Equity
  • Small Cap Equity
  • International Equity
  • High Yield Bonds
  • Investment-Grade Corporates
  • Securitized Debt
  • U.S. Government Bonds
  • International Government Bonds
  • Flexible Income
  • Cash

Equity characteristics

as of 05/31/2024
of all holdings
P/E Ratio Return on Equity
Thrivent Balanced Income Plus Fund 20.99 19.88%
S&P 500® Index 26.09 29.42%

Fixed Income characteristics

as of 05/31/2024
of fund
Duration Average Life
Thrivent Balanced Income Plus Fund 5.74 7.55
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: Moderately Conservative Allocation
Morningstar Information
Check out our funds that received 4- or 5-Star Overall Morningstar RatingTM
Funds in category
4 out of five stars
funds in category
4 out of five stars
funds in category
4 out of five stars
funds in category
4 out of five stars
funds in category
Risk vs. category
funds in category
Return vs. category
funds in category

Morningstar ratings are calculated based on risk-adjusted return.

Equity Style Map
Weighted average of holdings
75% of fund's stock holdings


as of 05/31/2024
Dividends Month End Nav
June 2023 $0.0990 $12.82
July 2023 $0.0000 $13.04
August 2023 $0.0000 $12.87
September 2023 $0.0950 $12.41
October 2023 $0.0000 $12.13
November 2023 $0.0000 $12.84
December 2023 $0.1422 $13.26
January 2024 $0.0000 $13.29
February 2024 $0.0000 $13.46
March 2024 $0.0883 $13.64
April 2024 $0.0000 $13.24
May 2024 $0.0000 $13.59

Trailing 12-Months; Dividend Schedule: Paid Quarterly

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 0.78%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.78%
Redemption Fee None
Transaction Fee None
Low Balance Fee $10 semiannually
Front-End Sales Charge None
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


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 45% equity securities and 55% fixed income. 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. Individual stocks and bonds are analyzed and selected on an ongoing basis. The Fund is regularly rebalanced to ensure that the holdings are within appropriate ranges.


The Fund’s value is influenced by a number of factors, including the performance of the broader market, the effectiveness of the Adviser’s allocation strategy, and risks specific to the Fund’s asset classes, market cap groups, investment styles, and issuers. 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. The Adviser is also subject to actual or potential conflicts of interest. 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. High yield securities are subject to increased credit risk as well as liquidity risk. The Adviser’s assessment of investments may prove incorrect, resulting in losses or poor performance. Sovereign debt and mortgage-related and other asset-backed securities are subject to additional risks. 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. When interest rates fall, certain obligations are paid off more quickly and proceeds may have to be invested in securities with lower yields. The use of quantitative investing techniques also involves risk. These and other risks are described in the prospectus.

Individual Investors

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