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Name

As of 12/20/2024

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 Opportunity Income Plus Fund

AAINX | Fund

$9.02

$838 M

4.71%

$0.42

0.93%

Vitals

YTD Return

4.9%

1 yr return

5.0%

3 Yr Avg Return

0.7%

5 Yr Avg Return

1.4%

Net Assets

$838 M

Holdings in Top 10

29.0%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.93%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 228.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/20/2024

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 Opportunity Income Plus Fund

AAINX | Fund

$9.02

$838 M

4.71%

$0.42

0.93%

AAINX - Profile

Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.69%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Thrivent Opportunity Income Plus Fund
  • Fund Family Name
    Thrivent Funds
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gregory Anderson

Fund Description

Under normal circumstances, the Fund primarily invests in a broad range of debt securities.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 below BBB- by S&P, or Baa3 by Moody's, or unrated but considered to be of comparable quality by the Adviser. The Fund may also invest in investment-grade corporate bonds, asset-backed securities, mortgage-backed securities (including commercially backed ones), sovereign and emerging market debt (both U.S. dollar and non-U.S. dollar denominated), preferred stock, and other types of securities.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.The Fund may invest in foreign securities, including those of issuers in emerging markets. An “emerging market” country is any country determined by the Adviser to have an emerging market economy, considering factors such as the country’s credit rating, its political and economic stability and the development of its financial and capital markets.The Fund may also pursue its investment strategy by investing in other mutual funds managed by the Adviser or an affiliate.The Adviser uses fundamental and other investment research techniques to determine what to buy and sell. Fundamental techniques assess a security’s value based on an issuer’s financial profile, management, and business prospects.
Read More

AAINX - Performance

Return Ranking - Trailing

Period AAINX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -14.3% 18.7% 71.52%
1 Yr 5.0% -13.8% 19.7% 73.84%
3 Yr 0.7%* -17.0% 13.3% 65.24%
5 Yr 1.4%* -15.1% 13.1% 70.71%
10 Yr 2.4%* -7.0% 6.9% 61.41%

* Annualized

Return Ranking - Calendar

Period AAINX Return Category Return Low Category Return High Rank in Category (%)
2023 3.6% -12.0% 8.9% 32.92%
2022 -13.9% -31.8% 18.4% 60.38%
2021 -1.3% -16.2% 25.7% 44.26%
2020 0.6% -31.1% 18.7% 60.43%
2019 4.2% -6.1% 15.3% 55.30%

Total Return Ranking - Trailing

Period AAINX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -14.3% 18.7% 71.52%
1 Yr 5.0% -13.8% 19.7% 73.84%
3 Yr 0.7%* -17.0% 13.3% 65.24%
5 Yr 1.4%* -15.1% 13.1% 70.71%
10 Yr 2.4%* -7.0% 6.9% 61.41%

* Annualized

Total Return Ranking - Calendar

Period AAINX Return Category Return Low Category Return High Rank in Category (%)
2023 9.0% -6.9% 22.2% 34.78%
2022 -10.4% -31.8% 21.1% 61.49%
2021 1.7% -13.5% 49.9% 56.89%
2020 4.1% -28.6% 24.1% 63.10%
2019 8.3% -4.8% 19.1% 54.34%

NAV & Total Return History

AAINX - Holdings

Concentration Analysis

AAINX Category Low Category High AAINX % Rank
Net Assets 838 M 2.63 M 143 B 46.02%
Number of Holdings 1606 4 9638 11.39%
Net Assets in Top 10 230 M -204 M 89.4 B 46.49%
Weighting of Top 10 29.05% 5.8% 265.8% 45.60%

Top 10 Holdings

  1. Thrivent Core Short-Term Reserve Fund 8.67%
  2. Thrivent Core Emerging Markets Debt Fund 8.48%
  3. Thrivent Cash Management Trust 2.91%
  4. iShares Broad USD High Yield Corporate Bond ETF 2.39%
  5. Vanguard Intermediate-Term Corporate Bond ETF 1.49%
  6. Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.29%
  7. Dryden 109 CLO, Ltd. 1.14%
  8. Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.08%
  9. iShares iBoxx $ Investment Grade Corporate Bond ETF 0.82%
  10. U.S. Treasury Notes 0.77%

Asset Allocation

Weighting Return Low Return High AAINX % Rank
Bonds 		67.59% 0.00% 199.60% 79.72%
Other 		11.97% -75.22% 147.15% 28.24%
Cash 		11.68% -94.66% 99.97% 15.29%
Convertible Bonds 		2.30% 0.00% 33.50% 37.18%
Preferred Stocks 		0.87% 0.00% 21.58% 14.35%
Stocks 		0.02% -6.18% 99.68% 65.83%

Stock Sector Breakdown

Weighting Return Low Return High AAINX % Rank
Technology 		23.50% 0.00% 28.30% 5.22%
Utilities 		17.10% 0.00% 100.00% 12.17%
Healthcare 		16.29% 0.00% 18.60% 4.06%
Industrials 		9.77% 0.00% 100.00% 23.77%
Financial Services 		8.98% 0.00% 100.00% 39.13%
Consumer Cyclical 		8.20% 0.00% 89.95% 13.33%
Communication Services 		5.81% 0.00% 100.00% 29.57%
Energy 		5.63% 0.00% 100.00% 54.20%
Real Estate 		3.84% 0.00% 100.00% 27.25%
Consumer Defense 		0.69% 0.00% 99.97% 30.72%
Basic Materials 		0.17% 0.00% 100.00% 35.94%

Stock Geographic Breakdown

Weighting Return Low Return High AAINX % Rank
US 		0.02% -6.18% 99.68% 63.34%
Non US 		0.00% -0.30% 17.73% 42.28%

Bond Sector Breakdown

Weighting Return Low Return High AAINX % Rank
Corporate 		46.15% 0.00% 96.66% 38.33%
Securitized 		20.81% 0.00% 99.65% 41.38%
Cash & Equivalents 		11.68% 0.00% 94.89% 14.71%
Government 		8.11% 0.00% 99.43% 59.74%
Derivative 		0.08% -75.22% 147.15% 36.46%
Municipal 		0.00% 0.00% 54.26% 65.54%

Bond Geographic Breakdown

Weighting Return Low Return High AAINX % Rank
US 		67.59% 0.00% 199.60% 67.55%
Non US 		0.00% 0.00% 74.14% 82.68%

AAINX - Expenses

Operational Fees

AAINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.93% 0.03% 34.13% 65.63%
Management Fee 0.44% 0.00% 2.29% 14.40%
12b-1 Fee 0.25% 0.00% 1.00% 29.86%
Administrative Fee 0.02% 0.00% 0.70% 2.35%

Sales Fees

AAINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.00% 5.75% 17.80%
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

AAINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

AAINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 228.00% 0.00% 632.00% 93.02%

AAINX - Distributions

Dividend Yield Analysis

AAINX Category Low Category High AAINX % Rank
Dividend Yield 4.71% 0.00% 23.30% 57.50%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AAINX Category Low Category High AAINX % Rank
Net Income Ratio 2.69% -1.55% 11.51% 58.80%

Capital Gain Distribution Analysis

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

Distributions History

View More +

AAINX - Fund Manager Analysis

Managers

Gregory Anderson

Start Date

Tenure

Tenure Rank

Apr 07, 2005

17.16

17.2%

Mr. Anderson is the Vice President of Fixed Income Securities for Thrivent Financial and recently served as Senior Portfolio Manager of Thrivent Financial’s mortgage-backed securities (MBS) portfolio. He is also co-portfolio manager of certain Thrivent fixed income mutual funds. Mr. Anderson joined Thrivent Financial in 1997 and has held a variety of positions, including corporate bond investment analyst and securitized assets portfolio manager. 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.

Conrad Smith

Start Date

Tenure

Tenure Rank

Aug 16, 2013

8.79

8.8%

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.

Kent White

Start Date

Tenure

Tenure Rank

May 04, 2015

7.08

7.1%

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. Whitehorn, CFA are jointly and primarily responsible for the day-to-day management of the Fund. Mr. Lowe has served as a portfolio manager of the Fund since May 2015. Mr. Anderson has served as a portfolio manager of the Fund since October 2018. Mr. Whitehorn has served as a portfolio manager of the Fund since February 2021. Mr. Lowe is Chief Investment Strategist and has been with Thrivent Financial since 1997. He has served as a portfolio manager since 2009. Mr. Anderson is Vice President, Fixed Income General Accounts. He has been with Thrivent Financial since 1997 and has served as a portfolio manager since 2000. Mr. Whitehorn is the Director of Fixed Income Quantitative Research and has been with Thrivent Financial since May 2018.

Stephen Lowe

Start Date

Tenure

Tenure Rank

Feb 28, 2018

4.25

4.3%

Steve Lowe, CFA, joined Thrivent in 1997. He is the Chief Investment Strategist and has served on Thrivent's Model Portfolios Committee since 2017. He was most recently the Head of Fixed-Income Mutual Funds and has also served as the portfolio manager of various Thrivent mutual funds since 2009, including the Thrivent Asset Allocation Funds since 2016.

Theron Whitehorn

Start Date

Tenure

Tenure Rank

Feb 28, 2021

1.25

1.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.71 3.19

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