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AAINX Thrivent Opportunity Income Plus A

  • Fund
  • AAINX
  • Price as of: Sep 18, 2018
  • $10.03
  • - $0.01
  • - 0.10%
  • Category
  • Total Bond Market

AAINX - Profile

Vitals

  • YTD Return -2.5%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 3.4%
  • Net Assets $555 M
  • Holdings in Top 10 37.6%

52 WEEK LOW AND HIGH

$10.03
$10.02
$10.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 186.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$1,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return -2.5%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.29%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Thrivent Opportunity Income Plus Fund
  • Fund Family Name Thrivent
  • Inception Date Jul 16, 1987
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Gregory R. Anderson

Fund Description

The fund invests in a broad range of debt securities and may invest in equity securities to a limited extent. The debt securities in which the fund invests may be of any maturity or credit quality, including high yield, high risk bonds, notes, debentures and other debt obligations commonly known as "junk bonds." At the time of purchase, these high-yield securities are rated within or below the "BB" major rating category by S&P or the "Ba" major rating category by Moody's or are unrated but considered to be of comparable quality by the Adviser.

AAINX - Performance

Return Ranking - Trailing

Period AAINX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.5% -100.0% 14.2% 39.12% 3
1 Yr 0.9% -15.5% 21.5% 27.68% 2
3 Yr 3.5% * -6.1% 11.4% 12.00% 1
5 Yr 3.4% * -2.4% 14.8% 12.23% 1
10 Yr 4.5% * -0.7% 9.4% 24.83% 2

* Annualized


Return Ranking - Calendar

Period AAINX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.5% -10.9% 25.1% 24.20% 2
2016 3.4% -11.1% 192.8% 7.82% 1
2015 -4.4% -33.0% 5.1% 51.65% 4
2014 -0.3% -24.1% 20.8% 41.05% 4
2013 -3.8% -13.1% 40.4% 40.97% 4

Total Return Ranking - Trailing

Period AAINX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.5% -100.0% 14.2% 38.94% 3
1 Yr -3.6% -15.5% 21.5% 85.66% 5
3 Yr 1.9% * -7.0% 11.4% 37.28% 2
5 Yr 2.4% * -2.8% 14.8% 33.37% 2
10 Yr 4.0% * -0.7% 9.4% 37.39% 2

* Annualized


Total Return Ranking - Calendar

Period AAINX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.5% -9.5% 25.1% 25.56% 2
2016 3.4% -11.1% 195.3% 14.87% 1
2015 -4.4% -32.5% 16.5% 66.95% 5
2014 -0.3% -9.9% 58.5% 59.46% 4
2013 -3.8% -12.9% 58.3% 60.26% 4

NAV & Total Return History

AAINX - Holdings

Filings data as of: Jun 30, 2018

Concentration Analysis

AAINX Category Low Category High AAINX % Rank Quintile
Net Assets 555 M 319 K 198 B 18.16% 3
Number of Holdings 718 1 17412 10.17% 2
Net Assets in Top 10 121 M -36 B 52.1 B 17.04% 3
Weighting of Top 10 37.6% 0.0% 1093.9% 12.41% 2

Top 10 Holdings

  1. Thrivent Core Emerging Markets Debt 14.12%
  2. Federal National Mortgage Association 4.5% 3.79%
  3. Federal National Mortgage Association 3.5% 3.45%
  4. Federal National Mortgage Association 4% 2.55%
  5. Cme E-Mini S&P 500 Index 1.49%
  6. Federal Home Loan Mortgage Corporation 4% 1.31%
  7. Federal National Mortgage Association 3% 0.88%
  8. 2 Year US Treasury Note Future Sept18 6.30%
  9. US 10 Year Note (CBT) Sept18 2.78%
  10. U.S. Treasury Bond Sept18 0.95%

Asset Allocation

Weighting Category Low Category High AAINX % Rank Quintile
Bonds
78.36% -190.82% 562.01% 26.45% 5
Cash
16.64% -461.99% 275.92% 4.88% 1
Other
3.67% -18.46% 99.99% 3.81% 1
Preferred Stocks
1.20% -0.12% 22.98% 3.31% 1
Convertible Bonds
0.73% 0.00% 13.10% 5.29% 1
Stocks
-0.60% -2.63% 98.61% 6.00% 5

Bond Sector Breakdown

Weighting Category Low Category High AAINX % Rank Quintile
Corporate
58.85% 0.00% 221.70% 4.43% 1
Securitized
23.78% 0.00% 118.59% 20.30% 4
Cash & Equivalents
16.81% -462.00% 275.92% 4.73% 1
Derivative
0.00% -106.77% 65.32% 3.97% 4
Municipal
0.00% 0.00% 98.98% 12.36% 5
Government
-2.52% -389.49% 503.27% 30.87% 5

Bond Geographic Breakdown

Weighting Category Low Category High AAINX % Rank Quintile
US
75.43% -370.09% 500.82% 21.36% 4
Non US
2.93% -440.41% 351.70% 27.77% 5

AAINX - Expenses

Operational Fees

AAINX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.91% 0.00% 44.72% 9.63% 3
Management Fee 0.45% 0.00% 2.15% 2.64% 4
12b-1 Fee 0.25% 0.00% 1.00% 1.98% 3
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

AAINX Fees (% of AUM) Category Low Category High AAINX Rank Quintile
Front Load 4.50% 0.00% 5.75% 1.46% 5
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

AAINX Fees (% of AUM) Category Low Category High AAINX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AAINX Fees (% of AUM) Category Low Category High AAINX Rank Quintile
Turnover 186.00% 0.00% 1576.00% 6.92% 4

AAINX - Distributions

Dividend Yield Analysis

AAINX Category Low Category High AAINX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.35% 8.73% 1

Dividend Distribution Analysis

AAINX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

AAINX Category Low Category High AAINX % Rank Quintile
Net Income Ratio 3.29% -1.56% 9.28% 6.42% 1

Capital Gain Distribution Analysis

AAINX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

AAINX - Managers

Gregory R. Anderson

Manager

Start Date

Apr 07, 2005

Tenure

13.41

Tenure Rank

1.9%

Anderson has been with Thrivent Financial since 1997 and has served as a portfolio manager since 2000. Prior to that, he was employed at Telephone & Data Systems Inc from 1991 until 1997, serving as a senior treasury analyst from 1994 through 1997.


Kent L. White

Manager

Start Date

May 04, 2015

Tenure

3.33

Tenure Rank

7.7%

White has been with Thrivent since 1999. Before serving as portfolio co-manager, he was, since 2004, an investment grade research manager. Prior to that position, White was a Senior Investment Grade Research Analyst.


Paul J. Ocenasek

Manager

Start Date

May 04, 2015

Tenure

3.33

Tenure Rank

7.7%

Ocenasek has been with Thrivent Financial since 1987 and has been a portfolio manager since 1997. Ocenasek holds the Chartered Financial Analyst designation.


Conrad E. Smith

Manager

Start Date

Aug 16, 2013

Tenure

5.04

Tenure Rank

6.4%

Conrad Smith, CFA has served as a portfolio manager of the Fund since 2013. Mr. Smith has been with Thrivent Financial since 2004 and also manages the leveraged loan portfolio and the high yield bond portfolio of Thrivent Financial’s general account.


Stephen D. Lowe

Manager

Start Date

Feb 28, 2018

Tenure

0.5

Tenure Rank

10.0%

Mr. Lowe has been a senior portfolio manager of the high yield portion of Thrivent Financial’s general account since 2005. Prior to this position, he was, since 2004, a high yield research manager and, since 2002, an associate portfolio manager of the high yield portion of the general account. He has been with Thrivent Financial since 1997.


Tenure Analysis

Category Low

0.0

Category High

29.6

Category Average

6.52

Category Mode

3.6