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Thrivent Opportunity Income Plus Fund
IIINX (Mutual Fund)
Thrivent Opportunity Income Plus Fund
Name
As of 12/10/2024Price
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
Vitals
YTD Return
6.6%
1 yr return
9.0%
3 Yr Avg Return
1.3%
5 Yr Avg Return
2.0%
Net Assets
$838 M
Holdings in Top 10
29.0%
52 WEEK LOW AND HIGH
$9.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.67%
SALES FEES
Front Load N/A
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 12/10/2024Price
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
IIINX - Profile
Distributions
- YTD Total Return 6.6%
- 3 Yr Annualized Total Return 1.3%
- 5 Yr Annualized Total Return 2.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.96%
- Dividend Yield 4.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameThrivent Opportunity Income Plus Fund
-
Fund Family NameThrivent Funds
-
Inception DateJul 05, 2000
-
Shares OutstandingN/A
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGregory 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.
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IIINX - Performance
Return Ranking - Trailing
| Period | IIINX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.6% | -11.3% | 18.9% | 56.66% |
| 1 Yr | 9.0% | -9.7% | 20.6% | 50.46% |
| 3 Yr | 1.3%* | -16.9% | 16.9% | 58.57% |
| 5 Yr | 2.0%* | -14.7% | 13.4% | 63.93% |
| 10 Yr | 2.8%* | -7.0% | 7.1% | 50.95% |
* Annualized
Return Ranking - Calendar
| Period | IIINX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.6% | -12.0% | 8.9% | 33.08% |
| 2022 | -13.9% | -31.8% | 18.4% | 60.54% |
| 2021 | -1.3% | -16.2% | 25.7% | 44.43% |
| 2020 | 0.6% | -31.1% | 18.7% | 60.61% |
| 2019 | 4.2% | -6.1% | 15.3% | 55.49% |
Total Return Ranking - Trailing
| Period | IIINX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.6% | -11.3% | 18.9% | 56.66% |
| 1 Yr | 9.0% | -9.7% | 20.6% | 50.46% |
| 3 Yr | 1.3%* | -16.9% | 16.9% | 58.57% |
| 5 Yr | 2.0%* | -14.7% | 13.4% | 63.93% |
| 10 Yr | 2.8%* | -7.0% | 7.1% | 50.95% |
* Annualized
Total Return Ranking - Calendar
| Period | IIINX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.3% | -6.9% | 22.2% | 31.84% |
| 2022 | -10.1% | -31.8% | 21.1% | 60.22% |
| 2021 | 2.0% | -13.5% | 49.9% | 53.93% |
| 2020 | 4.4% | -28.6% | 24.1% | 60.78% |
| 2019 | 8.6% | -4.8% | 19.1% | 51.06% |
NAV & Total Return History
IIINX - Holdings
Concentration Analysis
| IIINX | Category Low | Category High | IIINX % Rank | |
|---|---|---|---|---|
| Net Assets | 838 M | 2.63 M | 143 B | 45.54% |
| Number of Holdings | 1606 | 4 | 9638 | 11.54% |
| Net Assets in Top 10 | 230 M | -204 M | 89.4 B | 46.65% |
| Weighting of Top 10 | 29.05% | 5.8% | 265.8% | 45.60% |
Top 10 Holdings
- Thrivent Core Short-Term Reserve Fund 8.67%
- Thrivent Core Emerging Markets Debt Fund 8.48%
- Thrivent Cash Management Trust 2.91%
- iShares Broad USD High Yield Corporate Bond ETF 2.39%
- Vanguard Intermediate-Term Corporate Bond ETF 1.49%
- Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.29%
- Dryden 109 CLO, Ltd. 1.14%
- Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.08%
- iShares iBoxx $ Investment Grade Corporate Bond ETF 0.82%
- U.S. Treasury Notes 0.77%
Asset Allocation
| Weighting | Return Low | Return High | IIINX % Rank | |
|---|---|---|---|---|
| Bonds | 67.59% | 0.00% | 199.60% | 79.56% |
| Other | 11.97% | -75.22% | 147.15% | 28.39% |
| Cash | 11.68% | -94.66% | 99.97% | 15.60% |
| Convertible Bonds | 2.30% | 0.00% | 33.50% | 37.34% |
| Preferred Stocks | 0.87% | 0.00% | 21.58% | 14.51% |
| Stocks | 0.02% | -6.18% | 99.68% | 65.99% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | IIINX % Rank | |
|---|---|---|---|---|
| Technology | 23.50% | 0.00% | 28.30% | 5.51% |
| Utilities | 17.10% | 0.00% | 100.00% | 12.46% |
| Healthcare | 16.29% | 0.00% | 18.60% | 4.35% |
| Industrials | 9.77% | 0.00% | 100.00% | 24.06% |
| Financial Services | 8.98% | 0.00% | 100.00% | 39.42% |
| Consumer Cyclical | 8.20% | 0.00% | 89.95% | 13.62% |
| Communication Services | 5.81% | 0.00% | 100.00% | 29.86% |
| Energy | 5.63% | 0.00% | 100.00% | 54.49% |
| Real Estate | 3.84% | 0.00% | 100.00% | 27.54% |
| Consumer Defense | 0.69% | 0.00% | 99.97% | 31.01% |
| Basic Materials | 0.17% | 0.00% | 100.00% | 36.23% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | IIINX % Rank | |
|---|---|---|---|---|
| US | 0.02% | -6.18% | 99.68% | 63.49% |
| Non US | 0.00% | -0.30% | 17.73% | 63.03% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | IIINX % Rank | |
|---|---|---|---|---|
| Corporate | 46.15% | 0.00% | 96.66% | 38.49% |
| Securitized | 20.81% | 0.00% | 99.65% | 41.55% |
| Cash & Equivalents | 11.68% | 0.00% | 94.89% | 15.02% |
| Government | 8.11% | 0.00% | 99.43% | 59.90% |
| Derivative | 0.08% | -75.22% | 147.15% | 37.09% |
| Municipal | 0.00% | 0.00% | 54.26% | 70.21% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | IIINX % Rank | |
|---|---|---|---|---|
| US | 67.59% | 0.00% | 199.60% | 67.39% |
| Non US | 0.00% | 0.00% | 74.14% | 83.62% |
IIINX - Expenses
Operational Fees
| IIINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.67% | 0.03% | 34.13% | 86.47% |
| Management Fee | 0.44% | 0.00% | 2.29% | 14.55% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.02% | 0.00% | 0.70% | 2.82% |
Sales Fees
| IIINX 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% | 1.50% | N/A |
Trading Fees
| IIINX 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.
| IIINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 228.00% | 0.00% | 632.00% | 93.21% |
IIINX - Distributions
Dividend Yield Analysis
| IIINX | Category Low | Category High | IIINX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.88% | 0.00% | 23.30% | 49.46% |
Dividend Distribution Analysis
| IIINX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
| IIINX | Category Low | Category High | IIINX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.96% | -1.55% | 11.51% | 49.13% |
Capital Gain Distribution Analysis
| IIINX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.037 | OrdinaryDividend |
| Oct 31, 2024 | $0.038 | OrdinaryDividend |
| Sep 30, 2024 | $0.039 | OrdinaryDividend |
| Aug 30, 2024 | $0.039 | OrdinaryDividend |
| Jul 31, 2024 | $0.040 | OrdinaryDividend |
| Apr 30, 2024 | $0.039 | OrdinaryDividend |
| Mar 28, 2024 | $0.036 | OrdinaryDividend |
| Feb 29, 2024 | $0.035 | OrdinaryDividend |
| Jan 31, 2024 | $0.036 | OrdinaryDividend |
| Dec 29, 2023 | $0.036 | OrdinaryDividend |
| Nov 30, 2023 | $0.038 | OrdinaryDividend |
| Oct 31, 2023 | $0.037 | OrdinaryDividend |
| Sep 29, 2023 | $0.036 | OrdinaryDividend |
| Aug 31, 2023 | $0.038 | OrdinaryDividend |
| Jul 31, 2023 | $0.037 | OrdinaryDividend |
| Jun 30, 2023 | $0.037 | OrdinaryDividend |
| May 31, 2023 | $0.039 | OrdinaryDividend |
| Apr 28, 2023 | $0.034 | OrdinaryDividend |
| Mar 31, 2023 | $0.037 | OrdinaryDividend |
| Feb 28, 2023 | $0.033 | OrdinaryDividend |
| Jan 31, 2023 | $0.035 | OrdinaryDividend |
| Dec 30, 2022 | $0.034 | OrdinaryDividend |
| Nov 30, 2022 | $0.033 | OrdinaryDividend |
| Oct 31, 2022 | $0.035 | OrdinaryDividend |
| Sep 30, 2022 | $0.034 | OrdinaryDividend |
| Aug 31, 2022 | $0.035 | OrdinaryDividend |
| Jul 29, 2022 | $0.030 | OrdinaryDividend |
| Jun 30, 2022 | $0.030 | OrdinaryDividend |
| May 31, 2022 | $0.031 | OrdinaryDividend |
| Apr 29, 2022 | $0.029 | OrdinaryDividend |
| Mar 31, 2022 | $0.029 | OrdinaryDividend |
| Feb 28, 2022 | $0.026 | OrdinaryDividend |
| Jan 31, 2022 | $0.027 | OrdinaryDividend |
| Dec 31, 2021 | $0.028 | OrdinaryDividend |
| Nov 30, 2021 | $0.026 | OrdinaryDividend |
| Oct 29, 2021 | $0.024 | OrdinaryDividend |
| Sep 30, 2021 | $0.025 | OrdinaryDividend |
| Aug 31, 2021 | $0.026 | OrdinaryDividend |
| Jul 30, 2021 | $0.025 | OrdinaryDividend |
| Jun 30, 2021 | $0.027 | OrdinaryDividend |
| May 28, 2021 | $0.024 | OrdinaryDividend |
| Apr 30, 2021 | $0.024 | OrdinaryDividend |
| Mar 31, 2021 | $0.027 | OrdinaryDividend |
| Feb 26, 2021 | $0.024 | OrdinaryDividend |
| Jan 29, 2021 | $0.024 | OrdinaryDividend |
| Dec 31, 2020 | $0.026 | OrdinaryDividend |
| Nov 30, 2020 | $0.026 | OrdinaryDividend |
| Oct 30, 2020 | $0.024 | OrdinaryDividend |
| Sep 30, 2020 | $0.026 | OrdinaryDividend |
| Aug 31, 2020 | $0.027 | OrdinaryDividend |
| Jul 31, 2020 | $0.027 | OrdinaryDividend |
| Jun 30, 2020 | $0.028 | OrdinaryDividend |
| May 29, 2020 | $0.027 | OrdinaryDividend |
| Apr 30, 2020 | $0.029 | OrdinaryDividend |
| Mar 31, 2020 | $0.032 | OrdinaryDividend |
| Feb 28, 2020 | $0.029 | OrdinaryDividend |
| Jan 31, 2020 | $0.030 | OrdinaryDividend |
| Dec 31, 2019 | $0.033 | OrdinaryDividend |
| Nov 29, 2019 | $0.031 | OrdinaryDividend |
| Oct 31, 2019 | $0.034 | OrdinaryDividend |
| Sep 30, 2019 | $0.033 | OrdinaryDividend |
| Aug 30, 2019 | $0.033 | OrdinaryDividend |
| Jul 31, 2019 | $0.035 | OrdinaryDividend |
| Jun 30, 2004 | $0.010 | CapitalGainLongTerm |
IIINX - 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 |
