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AAINX Thrivent Opportunity Income Plus A

  • Fund
  • AAINX
  • Price as of: May 20, 2019
  • $10.07 - $0.01 - 0.10%
  • Category
  • Total Bond Market

AAINX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return 0.2%
  • 5 Yr Annualized Return -0.8%
  • Net Assets $589 M
  • Holdings in Top 10 33.3%

52 WEEK LOW AND HIGH

$10.07
$9.76
$10.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 190.00%

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 3.1%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return -0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.67%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Thrivent Opportunity Income Plus Fund
  • Fund Family Name Thrivent Funds
  • 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 (%)
YTD 3.1% -1.4% 8.8% 31.94%
1 Yr 0.2% -16.4% 4.9% 79.95%
3 Yr 0.2%* -4.6% 43.7% 23.75%
5 Yr -0.8%* -5.8% 22.9% 68.55%
10 Yr 1.8%* -7.4% 15.9% 13.91%

* Annualized


Return Ranking - Calendar

Period AAINX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.1% -22.2% 3.1% 81.14%
2017 1.5% -5.1% 25.1% 36.25%
2016 3.4% -8.5% 192.8% 11.68%
2015 -4.4% -33.0% 3.0% 77.25%
2014 -0.3% -29.8% 32.1% 64.07%

Total Return Ranking - Trailing

Period AAINX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -1.4% 8.8% 35.12%
1 Yr 0.2% -16.4% 8.0% 83.17%
3 Yr 0.2%* -4.6% 48.8% 41.25%
5 Yr -0.8%* -3.8% 28.1% 79.93%
10 Yr 1.8%* -7.4% 18.7% 35.43%

* Annualized


Total Return Ranking - Calendar

Period AAINX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.1% -22.2% 7.9% 85.57%
2017 1.5% -4.6% 25.1% 46.00%
2016 3.4% -4.1% 204.3% 19.86%
2015 -4.4% -32.4% 4.2% 83.44%
2014 -0.3% -29.8% 32.1% 73.26%

NAV & Total Return History

AAINX - Holdings

Concentration Analysis

AAINX Category Low Category High AAINX % Rank
Net Assets 589 M 337 K 218 B 62.58%
Number of Holdings 715 3 17324 39.30%
Net Assets in Top 10 171 M -1.98 B 29.3 B 54.80%
Weighting of Top 10 33.28% 3.4% 1616.9% 38.10%

Top 10 Holdings

  1. Thrivent Core Emerging Markets Debt 14.62%

  2. Federal National Mortgage Association 4.5% 4.18%

  3. US 10 Year Note (CBT) June19 3.09%

  4. 2 Year US Treasury Note Future June19 2.66%

  5. Federal Home Loan Mortgage Corporation 4% 1.89%

  6. Federal National Mortgage Association 4% 1.88%

  7. E-mini S&P 500 Mar19 1.48%

  8. Federal National Mortgage Association 3.5% 1.30%

  9. Federal National Mortgage Association 5% 1.26%

  10. U.S. Treasury Bond June19 0.92%


Asset Allocation

Weighting Return Low Return High AAINX % Rank
Bonds
87.34% -342.57% 340.77% 80.72%
Cash
13.48% -246.66% 453.71% 12.66%
Preferred Stocks
1.08% -0.18% 20.25% 5.83%
Convertible Bonds
1.07% 0.00% 28.21% 20.15%
Stocks
-0.65% -0.99% 97.68% 99.40%
Other
-2.31% -98.75% 19.81% 98.48%

Bond Sector Breakdown

Weighting Return Low Return High AAINX % Rank
Corporate
57.18% 0.00% 128.48% 11.13%
Securitized
24.72% 0.00% 102.58% 68.12%
Cash & Equivalents
13.48% -547.52% 455.04% 11.07%
Government
7.58% -203.24% 178.24% 75.02%
Derivative
0.00% -190.53% 299.06% 23.86%
Municipal
0.00% 0.00% 102.07% 61.83%

Bond Geographic Breakdown

Weighting Return Low Return High AAINX % Rank
US
75.07% -337.34% 218.41% 71.44%
Non US
12.27% -108.37% 122.36% 42.94%

AAINX - Expenses

Operational Fees

AAINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.00% 38.42% 47.12%
Management Fee 0.45% 0.00% 2.15% 61.52%
12b-1 Fee 0.25% 0.00% 1.00% 23.04%
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

AAINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.50% 5.75% 11.85%
Deferred Load N/A 0.15% 5.50% 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

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 Return Low Category Return High Rank in Category (%)
Turnover 190.00% 0.00% 2337.00% 79.92%

AAINX - Distributions

Dividend Yield Analysis

AAINX Category Low Category High AAINX % Rank
Dividend Yield 1.32% 0.00% 2.87% 0.46%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AAINX Category Low Category High AAINX % Rank
Net Income Ratio 3.67% -2.82% 7.22% 10.27%

Capital Gain Distribution Analysis

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

AAINX - Managers

Gregory R. Anderson

Manager

Start Date

Tenure

Tenure Rank

Apr 07, 2005

14.07

14.1%

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.


Conrad E. Smith

Manager

Start Date

Tenure

Tenure Rank

Aug 16, 2013

5.71

5.7%

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 L. White

Manager

Start Date

Tenure

Tenure Rank

May 04, 2015

3.99

4.0%

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

Tenure

Tenure Rank

May 04, 2015

3.99

4.0%

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


Stephen D. Lowe

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2018

1.17

1.2%

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

30.35

Category Average

6.92

Category Mode

6.95