Tax Day is April 18, 2022. Visit the Tax Resource Center to help you prepare.

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.
1-800-847-4836

M-F, 8 a.m. – 6 p.m. CT
Say “ThriventFunds.com” for faster service.
Contactus@Thriventfunds.com or,
Visit our support page

 

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. $50 a month automatic investment does not apply to the Thrivent Money Market Fund or Thrivent Limited Maturity Bond Fund, which have a minimum monthly investment of $100.

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 A
AABFX
AABFX
Thrivent Balanced Income Plus Fund
Class
Morningstar Rating
Allocation--30% to 50% Equity
Overall among 426 funds as of
04/30/2022
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
Public offering price
N/A
Net asset value
N/A
Daily NAV change
$N/A
As of N/A
YTD return with sales charge
-13.31%
1-year return with sales charge
-8.61%
As of 04/29/2022
Net annual fund operating expenses
1.03%
As of
Max sales charge
4.50%
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 or an affiliate and direct investments in stocks, bonds, and derivatives. 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 125 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, over 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.


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 04/29/2022
1.03% Total annual fund operating expenses

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

See data by:

Yields

as of 04/29/2022
12 Month Distribution
1.80%
30 Day SEC
1.38%
Monthly Distribution
N/A

Growth of 10K

as of 04/29/2022
$18,708
Total market value
$8,338
Current value of reinvested dividends and capital gains

Calendar year performance

as of 04/29/2022

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 04/29/2022
Total number of holdings
1749
Turnover ratio (as of 03/31/2022)
203%
81.89%
U.S.
18.11%
Non-U.S.

Top 10 Holdings

as of 03/31/2022
28.56%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Thrivent Core International Equity Fund 7.39%
Thrivent Core Emerging Markets Debt Fund 5.64%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 2.99% 05/01/2052 3.00%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 2.78% 05/01/2052 2.50%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 2.21% 05/01/2052 3.50%
Federal National Mortgage Association Conventional 15-Yr. Pass Through 2.06% 05/01/2037 2.00%
Federal National Mortgage Association Conventional 15-Yr. Pass Through 1.56% 05/01/2037 2.50%
Microsoft Corporation 1.48%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.24% 04/01/2052 2.00%
Apple, Inc. 1.21%

Fund Diversification

as of 03/31/2022
N/A
N/A
  • Large Cap Equity
    19.62%
  • Mid Cap Equity
    6.07%
  • Small Cap Equity
    5.32%
  • International Equity
    9.01%
  • High Yield Bonds
    6.86%
  • Leveraged Loans
    9.82%
  • Investment-Grade Corporates
    6.37%
  • Securitized Debt
    19.25%
  • U.S. Government Bonds
    2.46%
  • International Government Bonds
    4.67%
  • Flexible Income
    4.49%
  • Cash
    6.06%

Equity characteristics

as of 04/29/2022
39.39%
of all holdings
P/E Ratio Return on Equity
Thrivent Balanced Income Plus Fund 18.04 18.85%
S&P 500® Index 20.32 27.23%

Fixed Income characteristics

as of 04/29/2022
60.61%
of fund
Duration Average Life
Thrivent Balanced Income Plus Fund 3.91 6.66
Bloomberg U.S. Aggregate Bond Index 6.41 8.70

Credit quality rating distribution

as of 04/29/2022
N/A
N/A
Bond type
% of total
  • High Quality (HQ) Bonds
    55.67%
  • Cash
    4.98%
  • U.S. Government Guaranteed
    29.90%
  • AAA
    .91%
  • AA
    1.28%
  • A
    5.40%
  • BBB
    13.20%
Bond type
% of total
  • High Yield (HY) Bonds
    33.62%
  • BB
    13.21%
  • B
    18.16%
  • CCC
    2.16%
  • CC
    .06%
  • C
    .00%
  • D
    .03%
  • Non-Rated (NR) Bonds
    7.41%
  • May be HQ/HY/NR Bonds
    3.31%
  • ETFs/Closed-End Funds
    3.31%

Ratings

Morningstar

as of 04/30/2022
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
426
3-Year
426
5-Year
393
10-Year
262
Risk vs. category
High
426
Return vs. category
High
426

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 04/29/2022
Dividends Month End Nav Month End Pop
May 2021 $0.0000 $14.84 $15.54
June 2021 $0.0405 $14.93 $15.63
July 2021 $0.0000 $15.10 $15.81
August 2021 $0.0000 $15.29 $16.01
September 2021 $0.0359 $14.95 $15.65
October 2021 $0.0000 $15.33 $16.05
November 2021 $0.0000 $15.13 $15.84
December 2021 $0.1162 $14.54 $15.23
January 2022 $0.0000 $14.09 $14.75
February 2022 $0.0000 $13.87 $14.52
March 2022 $0.0448 $13.84 $14.49
April 2022 $0.0000 $13.16 $13.78

Trailing 12-Months; Dividend Schedule: Paid Quarterly


Capital gains - trailing 12 months

as of 04/29/2022
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 0.78%
Distribution/12b-1 Fee 0.25%
Total Annual Fund Operating Expenses 1.03%
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 has a long-term target allocation of 50% equity securities and 50% 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 not pay its debt. When interest rates fall, certain obligations will be paid off more quickly and proceeds may have to be invested in securities with lower yields. Leveraged loans,  sovereign debt, and mortgage-related and other asset-backed securities are subject to 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. The London Interbank Offered Rate (LIBOR) is being phased out, which brings uncertainty to instruments tied to it.  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 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 in directly-held equity and debt instruments and in other funds managed by the Adviser or an affiliate. The Fund is dependent upon the performance of the other funds and is subject to the risks and additional fees and expenses of the other funds. The use of quantitative investing techniques and derivatives such as futures also involve risks. When bond inventories are low in relation to the market size, there is the potential for decreased liquidity and increased price volatility.  These and other risks are described in the prospectus.