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Trending ETFs

Name

As of 03/26/2024

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

$8.83

$52.9 M

4.50%

$0.40

1.27%

Vitals

YTD Return

2.1%

1 yr return

9.4%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

2.8%

Net Assets

$52.9 M

Holdings in Top 10

36.5%

52 WEEK LOW AND HIGH

$8.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.27%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 44.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

$8.83

$52.9 M

4.50%

$0.40

1.27%

TMLDX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.38%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Thrivent Multidimensional Income Fund
  • Fund Family Name
    Thrivent Funds
  • Inception Date
    Feb 28, 2017
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gregory Anderson

Fund Description

The Board of Trustees of Thrivent Mutual Funds has approved the merger of Thrivent Multidimensional Income Fund (the “Target Fund”) into Thrivent Opportunity Income Plus Fund. The merger is subject to approval by shareholders of the Target Fund at a special meeting of shareholders to be held on or about June 27, 2024. The merger, if approved by shareholders, will occur on or about July 19, 2024. The Target Fund will be closed to new shareholder accounts after the close of business on May 3, 2024.The Fund seeks to achieve its investment objectives by allocating assets across multiple income and growth producing asset classes and strategies. Debt securities in which the Fund invests include 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 will also implement its investment strategy by investing in convertible bonds and U.S. dollar denominated emerging markets sovereign debt.The Fund also plans to invest in income-producing equity securities such as preferred stock, shares of closed-end funds (“CEFs”), and exchange-traded funds (“ETFs”). CEFs and ETFs are investment companies that trade on a stock exchange and may trade at a premium or a discount to their net asset value. The Fund may also pursue its investment strategy by investing in other mutual funds, including funds managed by the Adviser or an affiliate and unaffiliated funds.The Fund may invest in other securities such as investment-grade corporate bonds, asset-backed securities, and mortgage-backed 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 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.
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TMLDX - Performance

Return Ranking - Trailing

Period TMLDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -6.5% 5.7% 16.69%
1 Yr 9.4% -9.3% 24.0% 16.38%
3 Yr -0.1%* -16.7% 18.1% 59.02%
5 Yr 2.8%* -13.0% 15.2% 30.58%
10 Yr N/A* -13.4% 6.7% N/A

* Annualized

Return Ranking - Calendar

Period TMLDX Return Category Return Low Category Return High Rank in Category (%)
2023 3.4% -12.0% 15.7% 37.19%
2022 -17.4% -31.8% 18.4% 86.23%
2021 0.7% -26.6% 25.7% 14.54%
2020 1.1% -49.2% 18.7% 56.71%
2019 10.2% -35.1% 15.3% 2.10%

Total Return Ranking - Trailing

Period TMLDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -6.5% 5.7% 16.69%
1 Yr 9.4% -9.3% 24.0% 16.38%
3 Yr -0.1%* -16.7% 18.1% 59.02%
5 Yr 2.8%* -13.0% 15.2% 30.58%
10 Yr N/A* -13.4% 6.7% N/A

* Annualized

Total Return Ranking - Calendar

Period TMLDX Return Category Return Low Category Return High Rank in Category (%)
2023 9.0% -7.0% 22.2% 34.10%
2022 -12.2% -31.8% 21.1% 77.06%
2021 6.2% -13.5% 49.9% 7.52%
2020 6.3% -28.6% 24.1% 43.29%
2019 16.0% -4.8% 19.1% 2.10%

NAV & Total Return History


TMLDX - Holdings

Concentration Analysis

TMLDX Category Low Category High TMLDX % Rank
Net Assets 52.9 M 2.32 M 127 B 91.63%
Number of Holdings 690 2 10577 36.87%
Net Assets in Top 10 19.2 M -1.57 B 65.8 B 88.47%
Weighting of Top 10 36.54% 0.7% 170.6% 37.19%

Top 10 Holdings

  1. Thrivent Core Emerging Markets Debt Fund 7.90%
  2. U.S. Treasury Notes 6.58%
  3. Federal National Mortgage Association Conventional 30-Yr. Pass Through 5.77%
  4. U.S. Treasury Notes 4.66%
  5. Thrivent Cash Management Trust 2.39%
  6. U.S. Treasury Notes 2.29%
  7. U.S. Treasury Bonds 2.17%
  8. Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.70%
  9. Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.69%
  10. Vanguard Short-Term Corporate Bond ETF 1.38%

Asset Allocation

Weighting Return Low Return High TMLDX % Rank
Bonds
75.60% -150.81% 203.29% 70.86%
Preferred Stocks
5.24% 0.00% 30.46% 1.97%
Convertible Bonds
4.97% 0.00% 33.50% 15.42%
Cash
3.45% -94.66% 258.91% 48.71%
Stocks
0.28% -1.60% 99.88% 50.99%
Other
-0.07% -72.32% 100.00% 83.92%

Stock Sector Breakdown

Weighting Return Low Return High TMLDX % Rank
Financial Services
16.62% 0.00% 100.00% 30.06%
Technology
15.77% 0.00% 28.30% 14.89%
Real Estate
14.43% 0.00% 100.00% 14.61%
Utilities
13.60% 0.00% 100.00% 12.64%
Healthcare
11.78% 0.00% 18.60% 10.67%
Industrials
7.06% 0.00% 100.00% 31.74%
Consumer Cyclical
6.35% 0.00% 89.95% 20.22%
Energy
6.01% 0.00% 100.00% 55.06%
Communication Services
4.77% 0.00% 100.00% 30.06%
Consumer Defense
2.72% 0.00% 99.97% 26.12%
Basic Materials
0.90% 0.00% 100.00% 33.15%

Stock Geographic Breakdown

Weighting Return Low Return High TMLDX % Rank
US
0.28% -1.47% 99.88% 48.25%
Non US
0.00% -0.13% 17.73% 81.94%

Bond Sector Breakdown

Weighting Return Low Return High TMLDX % Rank
Corporate
76.10% 0.00% 96.66% 6.26%
Government
17.59% 0.00% 99.43% 35.05%
Cash & Equivalents
3.45% 0.00% 88.14% 42.92%
Securitized
1.14% 0.00% 99.65% 87.48%
Municipal
0.03% 0.00% 54.26% 37.56%
Derivative
-0.07% -72.32% 37.37% 63.17%

Bond Geographic Breakdown

Weighting Return Low Return High TMLDX % Rank
US
75.60% -151.11% 203.29% 50.83%
Non US
0.00% 0.00% 67.77% 91.35%

TMLDX - Expenses

Operational Fees

TMLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.27% 0.01% 20.67% 45.08%
Management Fee 0.55% 0.00% 2.29% 37.65%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.02% 0.00% 0.70% 2.80%

Sales Fees

TMLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TMLDX 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.

TMLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 44.00% 0.00% 632.00% 16.12%

TMLDX - Distributions

Dividend Yield Analysis

TMLDX Category Low Category High TMLDX % Rank
Dividend Yield 4.50% 0.00% 18.15% 56.09%

Dividend Distribution Analysis

TMLDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

TMLDX Category Low Category High TMLDX % Rank
Net Income Ratio 3.38% -1.55% 11.51% 34.51%

Capital Gain Distribution Analysis

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

Distributions History

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TMLDX - Fund Manager Analysis

Managers

Gregory Anderson


Start Date

Tenure

Tenure Rank

Feb 28, 2017

5.25

5.3%

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.

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.

Kent White


Start Date

Tenure

Tenure Rank

Jul 31, 2019

2.84

2.8%

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.

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 5.72 3.19