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.
800-847-4836

M-F, 8 a.m. – 6 p.m. CT
Say “mutual funds" for faster service.
contactus@thriventfunds.com or,
Visit our support page

 

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.

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 Balanced Income Plus Fund —
Class S
IBBFX
Thrivent Balanced Income Plus Fund
Class
Morningstar Rating
Allocation--30% to 50% Equity
Overall among 427 funds as of
08/31/2022
Morningstar ratings are calculated based on risk-adjusted return.
Risk profile
Conservative Aggressive
Target allocation
45% Equity
55% Fixed Income
Inception date
12/29/1997
As of
Net asset value
N/A
Daily NAV change
$N/A
As of N/A
YTD return
-12.01%
1-year return
-10.75%
As of 08/31/2022
Net annual fund operating expenses
0.77%
As of
Sales charge
None
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 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 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.


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 08/31/2022
0.77% Total annual fund operating expenses
See data by:

Yields

as of 08/31/2022
12 Month Distribution
2.32%
30 Day SEC
2.41%
Monthly Distribution
N/A

Growth of 10K

as of 08/31/2022
$18,781
Total market value
$8,733
Current value of reinvested dividends and capital gains

Calendar year performance

as of 08/31/2022

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 08/31/2022
Total number of holdings
1759
Turnover ratio (as of 07/29/2022)
218%
83.97%
U.S.
16.03%
Non-U.S.

Top 10 Holdings

as of 07/29/2022
22.70%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Thrivent Core International Equity Fund 6.66%
Thrivent Core Emerging Markets Debt Fund 5.46%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 2.57% 09/01/2052 3.50%
Federal National Mortgage Association Conventional 15-Yr. Pass Through 1.60% 08/01/2037 2.50%
Microsoft Corporation 1.25%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.15% 08/01/2052 4.00%
SPDR Blackstone Senior Loan ETF 1.07%
Apple, Inc. 1.03%
Federal National Mortgage Association Conventional 15-Yr. Pass Through 0.98% 08/01/2037 2.00%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 0.93% 08/01/2052 3.00%

Fund Diversification

as of 06/30/2022
N/A
N/A
  • Large Cap Equity
    15.97%
  • Mid Cap Equity
    6.19%
  • Small Cap Equity
    5.01%
  • International Equity
    8.15%
  • High Yield Bonds
    6.77%
  • Leveraged Loans
    9.59%
  • Investment-Grade Corporates
    6.86%
  • Securitized Debt
    20.88%
  • U.S. Government Bonds
    2.71%
  • International Government Bonds
    4.61%
  • Flexible Income
    4.25%
  • Cash
    9.02%

Equity characteristics

as of 08/31/2022
34.68%
of all holdings
P/E Ratio Return on Equity
Thrivent Balanced Income Plus Fund 15.36 17.07%
S&P 500® Index 19.80 27.13%

Fixed Income characteristics

as of 08/31/2022
65.32%
of fund
Duration Average Life
Thrivent Balanced Income Plus Fund 4.80 6.76
Bloomberg U.S. Aggregate Bond Index 6.30 8.63

Credit quality rating distribution

as of 08/31/2022
N/A
N/A
Bond type
% of total
  • High Quality (HQ) Bonds
    57.56%
  • Cash
    4.69%
  • U.S. Government Guaranteed
    30.38%
  • AAA
    .88%
  • AA
    1.89%
  • A
    5.98%
  • BBB
    13.74%
Bond type
% of total
  • High Yield (HY) Bonds
    31.83%
  • BB
    11.79%
  • B
    17.90%
  • CCC
    1.75%
  • CC
    .31%
  • C
    .00%
  • D
    .08%
  • Non-Rated (NR) Bonds
    7.22%
  • May be HQ/HY/NR Bonds
    3.40%
  • ETFs/Closed-End Funds
    3.40%

Ratings

Morningstar

as of 08/31/2022
Category: Allocation--30% to 50% Equity
Morningstar Information
Check out our funds that received 4- or 5-Star Overall Morningstar RatingTM
Funds in category
Overall
427
3-Year
427
5-Year
392
10-Year
285
Risk vs. category
High
427
Return vs. category
High
427

Morningstar ratings are calculated based on risk-adjusted return.

Fixed income style box
Hi
Med
Low
QUALITY
Limited
Moderate
Extensive
SENSITIVITY
Equity Style Map
Large
Mid
Small
Value
Blend
Growth
Weighted average of holdings
75% of fund's stock holdings

Distributions

as of 08/31/2022
Dividends Month End Nav
September 2021 $0.0459 $14.91
October 2021 $0.0000 $15.30
November 2021 $0.0000 $15.10
December 2021 $0.1255 $14.50
January 2022 $0.0000 $14.05
February 2022 $0.0000 $13.84
March 2022 $0.0538 $13.80
April 2022 $0.0000 $13.12
May 2022 $0.0000 $13.13
June 2022 $0.0674 $12.34
July 2022 $0.0000 $12.94
August 2022 $0.0000 $12.64

Trailing 12-Months; Dividend Schedule: Paid Quarterly


Capital gains - trailing 12 months

as of 08/31/2022
Record date Short term capital gains Long term capital gains Total
12/08/2021 $0.2171 $0.5705 $0.7876

Expenses, fees, and charges

Management Fees and Other Expenses 0.77%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.77%
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

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 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. Prior to August 16, 2013, the Fund was named Thrivent Balanced Fund. It invested in a balanced mix of stocks, bonds and cash alternatives. On August 16, 2013, the Fund adopted its current name and investment strategy, which includes the ability to invest a greater portion of its assets in higher-yielding fixed income securities.

Risk

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. Leveraged loans, sovereign debt, and mortgage-related and other asset-backed securities are subject to additional risks. The London Interbank Offered Rate (LIBOR) is being phased out, which brings uncertainty to instruments tied to it. When interest rates fall, certain obligations will be paid off more quickly and proceeds may have to be invested in securities with lower yields. 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 use of quantitative investing techniques and derivatives such as futures also involve risks. Markets may also be impacted by domestic or global events, including public health threats, terrorism, natural disasters or similar events. 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. The Fund invests in a combination of other funds managed by the Adviser and 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. When bond inventories are low in relation to the market size, there is the potential for decreased liquidity and increased price volatility. The Fund may engage in active and frequent trading of portfolio securities, which may result in higher transaction costs and higher taxes. These and other risks are described in the prospectus.

Individual Investors


Thrivent Logo