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MUTUAL FUNDS

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.

MUTUAL FUNDS & ETFS

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.

MUTUAL FUNDS & ETFS

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?

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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 Opportunity Income Plus Fund —
Class A
AAINX
AAINX
Thrivent Opportunity Income Plus Fund
Class
Risk profile
The risk profile for this fund is Moderately Conservative

Morningstar Fixed Income Style Box

Interest Rate Sensitivity:
N/A
Credit Quality:
N/A
 
Inception date
7/16/1987
As of
Public offering price
N/A
Net asset value
-
Daily NAV change
-
As of N/A
YTD return with sales charge
-3.19%
1-year return with sales charge
1.55%
As of 06/28/2024
Net annual fund operating expenses
0.93%
As of
Max sales charge
4.50%
As of

Thrivent Opportunity Income Plus Fund seeks a high level of current income, consistent with capital preservation.

This Fund seeks to generate income by investing predominantly in a diversified mix of high-income fixed income securities. It invests primarily in higher-yielding, higher-risk, fixed income securities to generate income, while the equity holdings are generally opportunistic investments. 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 are able to withstand the volatility of high yielding bonds in pursuit of high current income
  • Have a medium to long-term time horizon and a moderately conservative risk tolerance
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 2018

    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.

  • Kent L. White, CFA
    Kent L. White, CFA
    VP, Fixed Income Mutual Funds
    Managing this fund since 2015

    Mr. White is currently a Senior Portfolio Manager at Thrivent and was previously the Director of Investment Grade Research. He has been with the firm since 1999. 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

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 06/28/2024
0.93% Total annual fund operating expenses
Thrivent Opportunity Income Plus Fund Bloomberg U.S. Mortgage-Backed Securities Index Bloomberg U.S. High Yield Ba/B 2% Issuer Capped Index Morningstar Multisector Bond Avg
3M -3.96% 0.07% 1.19% 0.79%
YTD -3.19% -0.98% 2.46% 2.17%
1Y 1.55% 2.12% 10.01% 7.35%
3Y -1.90% -2.92% 1.60% 0.09%
5Y 0.15% -0.76% 3.94% 2.03%
10Y 1.62% 0.89% 4.34% 2.55%

The average annualized returns for the fund reflect the current maximum sales charge of 4.50%.

See data by:

Yields

as of 06/28/2024
12 Month Distribution
4.76%
30 Day SEC
4.39%
Monthly Distribution
5.31%

Growth of 10K

as of 06/28/2024
$12,287
Total market value
$3,784
Current value of reinvested dividends and capital gains

Calendar year performance

as of 06/28/2024

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 06/28/2024
Total number of holdings
1612
Turnover ratio (as of 05/31/2024)
98%
84.36%
U.S.
15.64%
Non-U.S.

Top 10 Holdings

as of 05/31/2024
15.36%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Thrivent Core Emerging Markets Debt Fund 9.04%
U.S. Treasury Notes 1.17% 05/15/2033 3.38%
iShares Broad USD High Yield Corporate Bond ETF 1.04%
U.S. Treasury Bonds 0.69% 08/15/2042 3.38%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 0.63% 06/01/2054 4.50%
Vanguard Intermediate-Term Corporate Bond ETF 0.60%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 0.56% 06/01/2054 4.00%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 0.56% 03/01/2051 4.00%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 0.54% 07/01/2054 3.50%
SPDR Bloomberg High Yield Bond ETF 0.53%

Fund Diversification

as of 06/28/2024
N/A
N/A
  • High Yield Bonds
    24.20%
  • Investment-Grade Corporates
    21.29%
  • Securitized Debt
    34.14%
  • U.S. Government Bonds
    3.30%
  • International Government Bonds
    7.28%
  • Flexible Income
    5.48%
  • Cash
    4.31%

Fixed Income characteristics

as of 06/28/2024
99.83%
of fund
Duration Average Life
Thrivent Opportunity Income Plus Fund 4.30 6.73
Bloomberg U.S. Aggregate Bond Index 6.07 8.61

Credit quality rating distribution

as of 06/28/2024
N/A
N/A
Bond type
% of total
  • High Quality (HQ) Bonds
    50.86%
  • U.S. Government Guaranteed
    16.54%
  • AAA
    1.36%
  • AA
    5.16%
  • A
    10.90%
  • BBB
    16.90%
Bond type
% of total
  • High Yield (HY) Bonds
    28.49%
  • BB
    12.80%
  • B
    13.93%
  • CCC
    1.35%
  • CC
    0.19%
  • C
    0.01%
  • D
    0.21%
  • Non-Rated (NR) Bonds
    14.31%
  • May be HQ/HY/NR Bonds
    6.34%
  • ETFs/Closed-End Funds
    6.34%

Ratings

Morningstar

as of 06/30/2024
Category: Multisector Bond
Morningstar Information
Funds in category
Overall
2 out of five stars
316
funds in category
3-Year
3 out of five stars
316
funds in category
5-Year
2 out of five stars
262
funds in category
10-Year
2 out of five stars
177
funds in category
Risk vs. category
Below Average
316
funds in category
Return vs. category
Below Average
316
funds in category

Morningstar ratings are calculated based on risk-adjusted return.


Distributions

as of 06/28/2024
Dividends Month End Nav Month End Pop
July 2023 $0.0354 $8.84 $9.26
August 2023 $0.0361 $8.78 $9.19
September 2023 $0.0346 $8.60 $9.01
October 2023 $0.0355 $8.46 $8.86
November 2023 $0.0357 $8.76 $9.17
December 2023 $0.0344 $9.01 $9.43
January 2024 $0.0336 $8.98 $9.40
February 2024 $0.0331 $8.91 $9.33
March 2024 $0.0336 $8.98 $9.40
April 2024 $0.0374 $8.80 $9.21
May 2024 $0.0365 $8.89 $9.31
June 2024 $0.0325 $8.92 $9.34

Trailing 12-Months; Dividend Schedule: Declared Daily, Paid Monthly


Capital gains - trailing 12 months

as of 06/28/2024
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 0.68%
Distribution/12b-1 Fee 0.25%
Total Annual Fund Operating Expenses 0.93%
Redemption Fee None
Transaction Fee None
Low Balance Fee $10 semiannually
Front-End Sales Charge Max 4.50%
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 -
Schedule of Investments -
Annual Proxy Voting -

Due to rounding, some values may not total 100%.

Strategy

The Fund primarily invests in a broad range of debt securities. 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. Fixed income securities and equity holdings are analyzed and selected 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. Sovereign debt and mortgage-related and other asset-backed securities are subject to additional risks. 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 issuers. The Adviser is also subject to actual or potential conflicts of interest. The use of derivatives (such as futures) involves additional risks. 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. 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 lower-yielding securities with lower yields. These and other risks are described in the prospectus.

Individual Investors


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