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To buy mutual 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
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Need more guidance? Interested in an ETF? Ask your financial professional about Thrivent Mutual Funds and ETFs.

Why work with a financial professional?

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Additional fees may apply, when working with a financial professional.

 

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Our mutual funds & ETFs can be purchased through online brokerage platforms. Search for Thrivent Mutual Funds and ETFs when making your selections.

Why buy through a brokerage account?

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  • For mutual funds help, call us at 800-847-4836, or email contactus@thriventfunds.com.
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  • For additional help 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.

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Contact your financial professional or brokerage firm to understand minimum investment amounts when purchasing a Thrivent ETF.

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Thrivent Diversified Income Plus Fund —
Class S
THYFX
Thrivent Diversified Income Plus Fund
Class
Morningstar Rating
Allocation--15% to 30% Equity
Overall among 127 funds as of
10/31/2022
Morningstar ratings are calculated based on risk-adjusted return.
Risk profile
Conservative Aggressive
Target allocation
20% Equity
80% Fixed Income
Inception date
12/29/1997
As of
Net asset value
-
Daily NAV change
-
As of N/A
YTD return
-14.37%
1-year return
-13.87%
As of 10/31/2022
Net annual fund operating expenses
0.71%
As of
Sales charge
None
As of

Thrivent Diversified Income Plus Fund seeks to maximize income while maintaining prospects for capital appreciation.

This fund looks to provide a steady and dependable income stream along with modest capital appreciation. It invests in higher-yielding, higher-risk, fixed income securities to generate income, and in equities to provide potential growth and income. Investments are diversified across sectors in order to manage risk and potentially provide more stability when interest rates rise. 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 and the opportunity for long-term growth
  • Have a medium to long-term investment time horizon and a moderately conservative risk tolerance
  • Are willing to accept lower long-term returns in order to have a low to moderate level of risk and volatility
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 2015

    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.

  • 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.

  • David Spangler, CFA
    David Spangler, CFA
    Head of Mixed Assets and Market Strategies
    Managing this fund since 2022

    Mr. Spangler joined Thrivent in 2002 serving as Director of Thrivent’s Investment Product Management group. 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 10/31/2022
0.71% Total annual fund operating expenses
See data by:

Yields

as of 10/31/2022
12 Month Distribution
3.36%
30 Day SEC
3.94%
Monthly Distribution
3.84%

Growth of 10K

as of 10/31/2022
$14,463
Total market value
$5,110
Current value of reinvested dividends and capital gains

Calendar year performance

as of 10/31/2022

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 10/31/2022
Total number of holdings
1828
Turnover ratio (as of 09/30/2022)
285%
84.82%
U.S.
15.18%
Non-U.S.

Top 10 Holdings

as of 09/30/2022
20.44%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Thrivent Core Emerging Markets Debt Fund 7.83%
Thrivent Core International Equity Fund 1.89%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.69% 10/01/2052 4.00%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.66% 10/01/2052 3.50%
Federal National Mortgage Association Conventional 30-yr. Pass Through 1.36% 10/01/2052 4.50%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.33% 08/01/2051 2.00%
Federal National Mortgage Association Conventional 15-Yr. Pass Through 1.27% 10/01/2037 2.50%
Federal Home Loan Mortgage Corporation Conventional 30-Yr. Pass Through 1.25% 06/01/2052 3.50%
SPDR Blackstone Senior Loan ETF 1.11%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.05% 10/01/2052 3.00%

Fund Diversification

as of 09/30/2022
N/A
N/A
  • Large Cap Equity
    9.83%
  • Mid Cap Equity
    3.73%
  • Small Cap Equity
    .40%
  • International Equity
    1.93%
  • High Yield Bonds
    15.06%
  • Leveraged Loans
    9.80%
  • Investment-Grade Corporates
    9.31%
  • Securitized Debt
    31.11%
  • U.S. Government Bonds
    2.49%
  • International Government Bonds
    6.51%
  • Flexible Income
    6.54%
  • Cash
    3.29%

Equity characteristics

as of 10/31/2022
17.85%
of all holdings
P/E Ratio Return on Equity
Thrivent Diversified Income Plus Fund 16.47 21.16%
S&P 500® Index 19.54 26.92%

Fixed Income characteristics

as of 10/31/2022
82.15%
of fund
Duration Average Life
Thrivent Diversified Income Plus Fund 4.85 7.63
Bloomberg U.S. Aggregate Bond Index 6.07 8.54

Credit quality rating distribution

as of 10/31/2022
N/A
N/A
Bond type
% of total
  • High Quality (HQ) Bonds
    55.29%
  • Cash
    3.58%
  • U.S. Government Guaranteed
    28.86%
  • AAA
    1.13%
  • AA
    1.98%
  • A
    6.28%
  • BBB
    13.46%
Bond type
% of total
  • High Yield (HY) Bonds
    33.50%
  • BB
    14.45%
  • B
    16.30%
  • CCC
    2.34%
  • CC
    .24%
  • C
    .07%
  • D
    .10%
  • Non-Rated (NR) Bonds
    8.52%
  • May be HQ/HY/NR Bonds
    2.71%
  • ETFs/Closed-End Funds
    2.71%

Ratings

Morningstar

as of 10/31/2022
Category: Allocation--15% to 30% Equity
Morningstar Information
Check out our funds that received 4- or 5-Star Overall Morningstar RatingTM
Funds in category
Overall
127
3-Year
127
5-Year
121
10-Year
85
Risk vs. category
High
127
Return vs. category
High
127
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 10/31/2022
Dividends Month End Nav
November 2021 $0.0140 $7.86
December 2021 $0.0256 $7.62
January 2022 $0.0135 $7.42
February 2022 $0.0148 $7.30
March 2022 $0.0161 $7.23
April 2022 $0.0162 $6.93
May 2022 $0.0175 $6.92
June 2022 $0.0175 $6.60
July 2022 $0.0178 $6.86
August 2022 $0.0206 $6.69
September 2022 $0.0200 $6.31
October 2022 $0.0204 $6.36

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 10/31/2022
Record date Short term capital gains Long term capital gains Total
12/30/2021 $0.0864 $0.2406 $0.3270

Expenses, fees, and charges

Management Fees and Other Expenses 0.71%
Total Annual Fund Operating Expenses 0.71%
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 80% fixed income and 20% equity securities. The portfolio management team actively manages the Fund with overweight and underweight positions in various sectors based on their views of the market and economy. Individual stocks and bonds are analyzed and chosen on an ongoing basis. The Fund is regularly rebalanced to ensure that the holdings are within appropriate ranges.

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. 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, investment styles, and issuers. Leveraged loans, preferred securities, sovereign debt, and mortgage-related and other asset-backed securities are subject to additional risks. High yield securities are subject to increased credit risk as well as liquidity risk. 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. Markets may also be impacted by domestic or global events, including public health threats, terrorism, natural disasters or similar events. 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. 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 quantitative investing techniques and derivatives such as futures also involve risks. 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


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