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Name

As of 04/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Thrivent High Yield Fund

LBHYX | Fund

$4.10

$678 M

0.00%

0.82%

Vitals

YTD Return

-0.3%

1 yr return

6.6%

3 Yr Avg Return

0.7%

5 Yr Avg Return

2.1%

Net Assets

$678 M

Holdings in Top 10

11.2%

52 WEEK LOW AND HIGH

$4.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 64.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Thrivent High Yield Fund

LBHYX | Fund

$4.10

$678 M

0.00%

0.82%

LBHYX - Profile

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.36%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Thrivent High Yield Fund
  • Fund Family Name
    Thrivent Funds
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Ocenasek

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in high yield, high risk bonds, notes, debentures and other debt obligations (including leveraged loans, mortgage-backed securities, convertible bonds, and convertible stock), or preferred stocks. These securities are commonly known as “junk bonds.” At the time of purchase these securities are rated below BBB- by S&P, or Baaa3 by Moody’s, or unrated but considered to be of comparable quality by the Adviser. The Fund invests in securities regardless of the securities’ maturity average and may also invest in foreign securities. Should the Adviser change the investments used for purposes of this 80% threshold, you will be notified at least 60 days prior to the change.The Adviser uses fundamental and other investment research techniques to determine what securities to buy and sell. Fundamental techniques assess a security’s value based on an issuer’s financial profile, management, and business prospects. The Adviser focuses on U.S. companies which it believes have or are expected to achieve adequate cash flows or access to capital markets for the payment of principal and interest obligations.The Fund utilizes derivatives primarily in the form of U.S. Treasury futures contracts in order to manage the Fund’s duration, or interest rate risk. The Fund may enter into derivatives contracts traded on exchanges or in the over the counter market.
Read More

LBHYX - Performance

Return Ranking - Trailing

Period LBHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -7.2% 5.7% 78.02%
1 Yr 6.6% -8.9% 16.0% 83.62%
3 Yr 0.7%* -16.2% 19.9% 58.78%
5 Yr 2.1%* -12.0% 36.4% 80.70%
10 Yr 2.9%* -4.9% 19.3% 66.67%

* Annualized

Return Ranking - Calendar

Period LBHYX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -4.7% 14.3% 48.91%
2022 -15.0% -33.4% 3.6% 39.91%
2021 -0.2% -8.4% 14.9% 58.78%
2020 -2.3% -13.9% 302.7% 84.77%
2019 8.1% -4.4% 13.3% 48.44%

Total Return Ranking - Trailing

Period LBHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -7.2% 5.7% 78.02%
1 Yr 6.6% -8.9% 16.0% 83.62%
3 Yr 0.7%* -16.2% 19.9% 58.78%
5 Yr 2.1%* -12.0% 36.4% 80.70%
10 Yr 2.9%* -4.9% 19.3% 66.67%

* Annualized

Total Return Ranking - Calendar

Period LBHYX Return Category Return Low Category Return High Rank in Category (%)
2023 11.9% -4.7% 18.2% 57.50%
2022 -10.2% -33.4% 47.8% 40.06%
2021 4.6% -8.4% 24.8% 60.10%
2020 3.3% -9.6% 325.6% 81.73%
2019 14.0% 0.9% 21.5% 46.88%

NAV & Total Return History

LBHYX - Holdings

Concentration Analysis

LBHYX Category Low Category High LBHYX % Rank
Net Assets 678 M 1.45 M 23.6 B 44.14%
Number of Holdings 494 2 2736 30.54%
Net Assets in Top 10 76.2 M -492 M 4.45 B 50.08%
Weighting of Top 10 11.22% 4.2% 146.9% 70.08%

Top 10 Holdings

  1. Thrivent Cash Management Trust 3.85%
  2. SPDR Bloomberg Short Term High Yield Bond ETF 2.20%
  3. Thrivent Core Short-Term Reserve Fund 1.06%
  4. Albertson's Companies, Inc. 0.62%
  5. HE Equipment Services, Inc. 0.60%
  6. Caesars Entertainment, Inc. 0.60%
  7. Gray Television, Inc. 0.58%
  8. SSC Technologies, Inc. 0.58%
  9. DIRECTV Financing, LLC/DIRECTV Financing Co-Obligor, Inc. 0.58%
  10. Tenet Healthcare Corporation 0.57%

Asset Allocation

Weighting Return Low Return High LBHYX % Rank
Bonds 		95.32% -3.13% 154.38% 40.28%
Cash 		5.05% -52.00% 48.07% 34.88%
Convertible Bonds 		0.13% 0.00% 17.89% 91.47%
Stocks 		0.10% 0.00% 99.54% 60.49%
Preferred Stocks 		0.00% 0.00% 7.88% 55.35%
Other 		-0.08% -63.70% 102.57% 91.32%

Stock Sector Breakdown

Weighting Return Low Return High LBHYX % Rank
Energy 		80.63% 0.00% 100.00% 20.28%
Utilities 		16.99% 0.00% 100.00% 7.89%
Industrials 		1.62% 0.00% 93.12% 25.07%
Healthcare 		0.68% 0.00% 22.17% 14.37%
Communication Services 		0.08% 0.00% 99.99% 51.55%
Technology 		0.00% 0.00% 33.17% 34.08%
Real Estate 		0.00% 0.00% 86.71% 25.92%
Financial Services 		0.00% 0.00% 100.00% 33.52%
Consumer Defense 		0.00% 0.00% 100.00% 26.48%
Consumer Cyclical 		0.00% 0.00% 100.00% 58.87%
Basic Materials 		0.00% 0.00% 100.00% 45.92%

Stock Geographic Breakdown

Weighting Return Low Return High LBHYX % Rank
US 		0.10% 0.00% 99.54% 59.38%
Non US 		0.00% -0.01% 0.83% 37.21%

Bond Sector Breakdown

Weighting Return Low Return High LBHYX % Rank
Corporate 		94.32% 0.00% 129.69% 52.95%
Cash & Equivalents 		5.05% 0.00% 48.07% 30.39%
Securitized 		0.00% 0.00% 97.24% 50.16%
Municipal 		0.00% 0.00% 4.66% 14.13%
Government 		0.00% 0.00% 99.07% 38.66%
Derivative 		-0.08% -15.04% 42.26% 93.64%

Bond Geographic Breakdown

Weighting Return Low Return High LBHYX % Rank
US 		95.32% -3.13% 129.21% 28.53%
Non US 		0.00% 0.00% 98.19% 54.26%

LBHYX - Expenses

Operational Fees

LBHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.04% 31.61% 64.50%
Management Fee 0.39% 0.00% 1.84% 11.44%
12b-1 Fee 0.25% 0.00% 1.00% 28.62%
Administrative Fee 0.02% 0.00% 0.50% 3.65%

Sales Fees

LBHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 2.25% 5.75% 20.20%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LBHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

LBHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 64.00% 1.00% 255.00% 49.83%

LBHYX - Distributions

Dividend Yield Analysis

LBHYX Category Low Category High LBHYX % Rank
Dividend Yield 0.00% 0.00% 11.76% 67.18%

Dividend Distribution Analysis

LBHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LBHYX Category Low Category High LBHYX % Rank
Net Income Ratio 4.36% -2.39% 14.30% 52.68%

Capital Gain Distribution Analysis

LBHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

LBHYX - Fund Manager Analysis

Managers

Paul Ocenasek

Start Date

Tenure

Tenure Rank

Dec 31, 1997

24.43

24.4%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17

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