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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.

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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 Diversified Income Plus Fund —
Class S
THYFX
Thrivent Diversified Income Plus Fund
Class
Morningstar Rating
Conservative Allocation
Overall among 143 funds as of
02/29/2024
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
0.50%
1-year return
8.24%
As of 02/29/2024
Net annual fund operating expenses
0.70%
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 an 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 fluctuate. 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 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 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

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 02/29/2024
0.70% Total annual fund operating expenses
Thrivent Diversified Income Plus Fund MSCI World Index - USD Net Returns Bloomberg U.S. Mortgage-Backed Securities Index Bloomberg U.S. High Yield Ba/B 2% Issuer Capped Index Morningstar Conservative Allocation Avg
3M 4.58% 10.67% 2.14% 3.49% 3.85%
YTD 0.50% 5.49% -2.08% 0.09% 0.40%
1Y 8.24% 24.96% 2.28% 10.45% 7.09%
3Y 0.71% 8.64% -3.34% 1.66% 0.08%
5Y 3.42% 11.66% -0.31% 4.27% 2.66%
10Y 3.78% 9.06% 0.98% 4.36% 2.73%
See data by:

Yields

as of 02/29/2024
12 Month Distribution
4.21%
30 Day SEC
3.71%
Monthly Distribution
3.99%

Growth of 10K

as of 02/29/2024
$14,493
Total market value
$5,127
Current value of reinvested dividends and capital gains

Calendar year performance

as of 02/29/2024

Characteristics

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 02/29/2024
Total number of holdings
1875
Turnover ratio (as of 01/31/2024)
76%
84.75%
U.S.
15.25%
Non-U.S.

Top 10 Holdings

as of 01/31/2024
20.41%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Thrivent Core Emerging Markets Debt Fund 7.79%
U.S. Treasury Bonds 2.67% 05/15/2053 3.63%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.67% 12/01/2052 4.50%
U.S. Treasury Notes 1.43% 07/31/2028 4.13%
Federal Home Loan Mortgage Corporation Conventional 30-Yr. Pass Through 1.26% 06/01/2052 3.50%
U.S. Treasury Notes 1.25% 12/31/2025 4.25%
U.S. Treasury Bonds 1.23% 11/15/2053 4.75%
Thrivent Core International Equity Fund 1.17%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 0.99% 03/01/2052 3.00%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 0.95% 01/01/2052 3.00%

Fund Diversification

as of 12/29/2023
N/A
N/A
  • Large Cap Equity
    10.64%
  • Mid Cap Equity
    4.53%
  • Small Cap Equity
    .42%
  • International Equity
    2.85%
  • High Yield Bonds
    13.18%
  • Leveraged Loans
    .02%
  • Investment-Grade Corporates
    12.48%
  • Securitized Debt
    33.78%
  • U.S. Government Bonds
    6.21%
  • International Government Bonds
    6.68%
  • Flexible Income
    7.01%
  • Cash
    2.19%

Equity characteristics

as of 02/29/2024
18.61%
of all holdings
P/E Ratio Return on Equity
Thrivent Diversified Income Plus Fund 21.22 22.44%
S&P 500® Index 25.29 28.31%

Fixed Income characteristics

as of 02/29/2024
81.39%
of fund
Duration Average Life
Thrivent Diversified Income Plus Fund 5.11 8.13
Bloomberg U.S. Aggregate Bond Index 6.15 8.66

Credit quality rating distribution

as of 02/29/2024
N/A
N/A
Bond type
% of total
  • High Quality (HQ) Bonds
    63.05%
  • U.S. Government Guaranteed
    36.71%
  • AAA
    .54%
  • AA
    2.56%
  • A
    8.15%
  • BBB
    15.09%
Bond type
% of total
  • High Yield (HY) Bonds
    23.25%
  • BB
    10.08%
  • B
    9.94%
  • CCC
    2.53%
  • CC
    .33%
  • C
    .08%
  • D
    .29%
  • Non-Rated (NR) Bonds
    11.97%
  • May be HQ/HY/NR Bonds
    1.74%
  • ETFs/Closed-End Funds
    1.74%

Ratings

Morningstar

as of 02/29/2024
Category: Conservative Allocation
Morningstar Information
Check out our funds that received 4- or 5-Star Overall Morningstar RatingTM
Funds in category
Overall
143
3-Year
143
5-Year
137
10-Year
105
Risk vs. category
High
143
Return vs. category
High
143
Equity Style Map
Large
Mid
Small
Value
Blend
Growth
Weighted average of holdings
75% of fund's stock holdings

Distributions

as of 02/29/2024
Dividends Month End Nav
March 2023 $0.0234 $6.61
April 2023 $0.0223 $6.64
May 2023 $0.0247 $6.54
June 2023 $0.0235 $6.64
July 2023 $0.0243 $6.69
August 2023 $0.0243 $6.61
September 2023 $0.0237 $6.41
October 2023 $0.0244 $6.25
November 2023 $0.0251 $6.56
December 2023 $0.0261 $6.80
January 2024 $0.0216 $6.79
February 2024 $0.0226 $6.79

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 02/29/2024
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 0.70%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.70%
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, market cap groups, and issuers. 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. Preferred securities, 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 risks. These and other risks are described in the prospectus.

Individual Investors


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