TMLDX: Thrivent Multidimensional Income S

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

TMLDX Thrivent Multidimensional Income S

  • Fund
  • TMLDX
  • Price as of: Jan 17, 2020
  • $10.17
    - $0.00 - 0.00%

Profile

TMLDX - Profile

Vitals

  • YTD Return 1.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $20.5 M
  • Holdings in Top 10 31.8%

52 WEEK LOW AND HIGH

$10.17
$9.45
$10.17

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.62%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 96.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.02%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Thrivent Multidimensional Income Fund Class S
  • Fund Family Name
    Thrivent Funds
  • Inception Date
    Feb 28, 2017
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Simenstad

Fund Description

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." The fund will also implement its investment strategy by investing in convertible bonds and U.S. dollar denominated emerging markets sovereign debt.


Get Updates About TMLDX

Sign up for Advisor Access to receive email updates about TMLDX competitors, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Categories

TMLDX - Mutual Fund Categories


Performance

TMLDX - Performance

Return Ranking - Trailing

Period TMLDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -2.4% 4.6% 4.29%
1 Yr 7.3% -36.6% 178.5% 22.64%
3 Yr N/A* -34.6% 40.7% N/A
5 Yr N/A* -34.3% 21.5% N/A
10 Yr N/A* -3.6% 8.7% N/A

* Annualized

Return Ranking - Calendar

Period TMLDX Return Category Return Low Category Return High Rank in Category (%)
2019 10.2% -35.1% 177.6% 1.75%
2018 -10.0% -48.0% 0.8% 98.11%
2017 N/A -14.8% 11.2% N/A
2016 N/A -11.2% 19.1% N/A
2015 N/A -51.1% 4.0% N/A

Total Return Ranking - Trailing

Period TMLDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -2.4% 4.6% 4.29%
1 Yr 7.3% -36.6% 178.5% 20.34%
3 Yr N/A* -34.6% 40.7% N/A
5 Yr N/A* -34.3% 22.2% N/A
10 Yr N/A* -3.6% 8.7% N/A

* Annualized

Total Return Ranking - Calendar

Period TMLDX Return Category Return Low Category Return High Rank in Category (%)
2019 10.2% -35.1% 177.6% 1.75%
2018 -10.0% -48.0% 4.8% 98.11%
2017 N/A -14.8% 14.0% N/A
2016 N/A -11.2% 22.5% N/A
2015 N/A -51.1% 4.0% N/A

NAV & Total Return History


Holdings

TMLDX - Holdings

Concentration Analysis

TMLDX Category Low Category High TMLDX % Rank
Net Assets 20.5 M 100 K 134 B 94.68%
Number of Holdings 224 6 7570 72.75%
Net Assets in Top 10 6.37 M -42.1 B 5.96 B 84.83%
Weighting of Top 10 31.78% 4.5% 410.5% 42.42%

Top 10 Holdings

  1. Thrivent Core Emerging Markets Debt 10.60%
  2. iShares Preferred&Income Securities ETF 5.83%
  3. United States Treasury Notes 2.38% 5.29%
  4. SPDR® Blmbg Barclays High Yield Bd ETF 5.27%
  5. Bank of America Corporation 6.25% 1.05%
  6. BlackRock Enhanced Equity Div 0.80%
  7. BlackRock Credit Allocation Inc 0.77%
  8. Simmons Foods, Inc 5.75% 0.76%
  9. Cheniere Corpus Christi Holdings, LLC 7% 0.72%
  10. Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc 6.5% 0.69%

Asset Allocation

Weighting Return Low Return High TMLDX % Rank
Bonds
66.53% 31.46% 157.00% 95.25%
Preferred Stocks
10.62% 0.00% 54.19% 3.09%
Stocks
9.83% -1.77% 22.96% 6.42%
Convertible Bonds
9.74% 0.00% 11.31% 0.84%
Cash
3.17% -76.54% 45.73% 69.66%
Other
0.11% -32.79% 26.24% 19.66%

Stock Sector Breakdown

Weighting Return Low Return High TMLDX % Rank
Real Estate
25.43% 0.00% 100.00% 8.49%
Energy
22.64% 0.00% 100.00% 18.15%
Technology
11.48% 0.00% 48.41% 16.99%
Financial Services
7.82% 0.00% 100.00% 42.47%
Industrials
6.87% 0.00% 100.00% 32.05%
Utilities
6.21% 0.00% 100.00% 24.71%
Healthcare
5.32% 0.00% 80.24% 28.19%
Basic Materials
4.37% 0.00% 100.00% 10.42%
Consumer Defense
3.84% 0.00% 23.83% 12.74%
Communication Services
3.22% 0.00% 100.00% 21.24%
Consumer Cyclical
2.80% 0.00% 100.00% 42.08%

Stock Geographic Breakdown

Weighting Return Low Return High TMLDX % Rank
US
8.14% -1.09% 22.23% 6.46%
Non US
1.69% -1.88% 4.62% 3.37%

Bond Sector Breakdown

Weighting Return Low Return High TMLDX % Rank
Corporate
74.80% 0.00% 96.88% 9.27%
Government
17.58% 0.00% 99.36% 41.85%
Cash & Equivalents
4.89% 0.28% 47.61% 67.13%
Securitized
2.04% 0.00% 98.45% 89.89%
Derivative
0.65% -1.18% 44.06% 31.74%
Municipal
0.03% 0.00% 36.84% 42.98%

Bond Geographic Breakdown

Weighting Return Low Return High TMLDX % Rank
US
48.01% 13.75% 140.38% 90.45%
Non US
18.52% -8.93% 74.05% 56.46%

Expenses

TMLDX - Expenses

Operational Fees

TMLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.62% 0.00% 76.93% 32.46%
Management Fee 0.55% 0.00% 2.25% 40.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

TMLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

TMLDX 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.

TMLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 96.00% 2.00% 899.00% 66.76%

Distributions

TMLDX - Distributions

Dividend Yield Analysis

TMLDX Category Low Category High TMLDX % Rank
Dividend Yield 1.09% 0.00% 6.35% 32.27%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

TMLDX Category Low Category High TMLDX % Rank
Net Income Ratio 4.02% 0.87% 10.10% 42.40%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TMLDX - Fund Manager Analysis

Managers

Mark Simenstad


Start Date

Tenure

Tenure Rank

Feb 28, 2017

2.84

2.8%

Mark L. Simenstad, CFA, is Chief Investment Strategist for Thrivent Asset Management and has been with Thrivent since 1999. He was previously vice president of Fixed Income Mutual Funds and Separate Accounts.

Gregory Anderson


Start Date

Tenure

Tenure Rank

Feb 28, 2017

2.84

2.8%

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.

Paul Ocenasek


Start Date

Tenure

Tenure Rank

Feb 28, 2017

2.84

2.8%

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

Stephen Lowe


Start Date

Tenure

Tenure Rank

Feb 28, 2018

1.84

1.8%

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.

Kent White


Start Date

Tenure

Tenure Rank

Jul 31, 2019

0.42

0.4%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.65 5.49 5.0