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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.

 


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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.

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Thrivent Diversified Income Plus Fund —
Class A
AAHYX
AAHYX
Thrivent Diversified Income Plus Fund
Class
Morningstar Rating
Allocation--15% to 30% Equity
Overall among 136 funds as of
04/30/2022
Morningstar ratings are calculated based on risk-adjusted return.
Risk profile
Conservative Aggressive
Target allocation
20% Equity
80% Fixed Income
Inception date
1/8/1997
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
-12.37%
1-year return with sales charge
-9.74%
As of 04/29/2022
Net annual fund operating expenses
0.96%
As of
Max sales charge
4.50%
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 direct investments in stocks, bonds, and derivatives and other funds managed by the Adviser or an affiliate.

This 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 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 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.

  • Gregory R. Anderson, CFA
    Gregory R. Anderson, CFA
    Senior Portfolio Manager
    Managing this fund since 2018

    Mr. Anderson joined Thrivent in 1997. He has served as a portfolio manager since 2000. 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
0.96% 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
2.35%
30 Day SEC
2.20%
Monthly Distribution
2.54%

Growth of 10K

as of 04/29/2022
$16,009
Total market value
$5,356
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
1795
Turnover ratio (as of 03/31/2022)
304%
83.28%
U.S.
16.72%
Non-U.S.

Top 10 Holdings

as of 03/31/2022
32.23%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Thrivent Core Emerging Markets Debt Fund 7.89%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 4.80% 05/01/2052 2.50%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 4.40% 05/01/2052 3.00%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 3.23% 05/01/2052 3.50%
Thrivent Core International Equity Fund 2.92%
Federal National Mortgage Association Conventional 15-Yr. Pass Through 2.26% 05/01/2037 2.50%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 2.02% 04/01/2052 2.00%
SPDR Blackstone Senior Loan ETF 1.94%
Federal National Mortgage Association Conventional 15-Yr. Pass Through 1.56% 05/01/2037 2.00%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.22% 05/01/2052 2.00%

Fund Diversification

as of 03/31/2022
N/A
N/A
  • Large Cap Equity
    8.70%
  • Mid Cap Equity
    2.81%
  • Small Cap Equity
    1.81%
  • International Equity
    3.69%
  • High Yield Bonds
    14.34%
  • Leveraged Loans
    10.56%
  • Investment-Grade Corporates
    8.45%
  • Securitized Debt
    29.66%
  • U.S. Government Bonds
    2.25%
  • International Government Bonds
    6.53%
  • Flexible Income
    6.74%
  • Cash
    4.44%

Equity characteristics

as of 04/29/2022
17.34%
of all holdings
P/E Ratio Return on Equity
Thrivent Diversified Income Plus Fund 18.34 18.97%
S&P 500® Index 20.32 27.23%

Fixed Income characteristics

as of 04/29/2022
82.66%
of fund
Duration Average Life
Thrivent Diversified Income Plus Fund 4.09 7.03
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
    53.24%
  • Cash
    2.96%
  • U.S. Government Guaranteed
    29.47%
  • AAA
    1.01%
  • AA
    1.29%
  • A
    5.62%
  • BBB
    12.89%
Bond type
% of total
  • High Yield (HY) Bonds
    35.09%
  • BB
    14.68%
  • B
    17.44%
  • CCC
    2.72%
  • CC
    .10%
  • C
    .07%
  • D
    .08%
  • Non-Rated (NR) Bonds
    7.65%
  • May be HQ/HY/NR Bonds
    4.01%
  • ETFs/Closed-End Funds
    4.01%

Ratings

Morningstar

as of 04/30/2022
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
136
3-Year
136
5-Year
124
10-Year
86
Risk vs. category
High
136
Return vs. category
Above Average
136
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 $0.0121 $7.93 $8.30
June 2021 $0.0126 $7.96 $8.34
July 2021 $0.0120 $8.01 $8.39
August 2021 $0.0127 $8.05 $8.43
September 2021 $0.0121 $7.95 $8.32
October 2021 $0.0123 $8.02 $8.40
November 2021 $0.0123 $7.94 $8.31
December 2021 $0.0239 $7.70 $8.06
January 2022 $0.0120 $7.51 $7.86
February 2022 $0.0133 $7.38 $7.73
March 2022 $0.0145 $7.31 $7.65
April 2022 $0.0148 $7.01 $7.34

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 04/29/2022
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%
Distribution/12b-1 Fee 0.25%
Total Annual Fund Operating Expenses 0.96%
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 75% fixed income and 25% 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

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. 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, preferred securities, 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 Fund invests in other funds managed by the Adviser or an affiliate and in directly-held equity and debt instruments. 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 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 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. 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.