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Trending ETFs

Thrivent Balanced Income Plus Fund

mutual fund
AABFX
Payout Change
Pending
Price as of:
$12.77 -0.08 -0.62%
primary theme
U.S. Conservative/Balanced Allocation
share class
A (AABFX) S (IBBFX)
AABFX (Mutual Fund)

Thrivent Balanced Income Plus Fund

Payout Change
Pending
Price as of:
$12.77 -0.08 -0.62%
primary theme
U.S. Conservative/Balanced Allocation
share class
A (AABFX) S (IBBFX)
AABFX (Mutual Fund)

Thrivent Balanced Income Plus Fund

Payout Change
Pending
Price as of:
$12.77 -0.08 -0.62%
primary theme
U.S. Conservative/Balanced Allocation
share class
A (AABFX) S (IBBFX)

Name

As of 08/15/2023

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 Balanced Income Plus Fund

AABFX | Fund

$12.77

$427 M

2.92%

$0.37

1.03%

Vitals

YTD Return

10.8%

1 yr return

12.9%

3 Yr Avg Return

2.3%

5 Yr Avg Return

5.4%

Net Assets

$427 M

Holdings in Top 10

28.2%

52 WEEK LOW AND HIGH

$12.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.03%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 157.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 08/15/2023

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 Balanced Income Plus Fund

AABFX | Fund

$12.77

$427 M

2.92%

$0.37

1.03%

AABFX - Profile

Distributions

  • YTD Total Return 10.8%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.41%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Thrivent Balanced Income Plus Fund
  • Fund Family Name
    Thrivent Funds
  • Inception Date
    Mar 19, 1998
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephen Lowe

Fund Description

Under normal circumstances, the Fund invests in a combination of equity securities and debt securities within the ranges shown in the following table:Broad Asset CategoryTargetAllocationAllocationRangeEquity Securities45%25-65%Debt Securities55%35-75%The equity securities in which the Fund invests may include common stock, preferred stock, securities convertible into common stock, or securities or other instruments the price of which is linked to the value of common stock.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), convertible bonds, and sovereign and emerging market debt (both U.S. dollar and non-U.S. dollar denominated).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 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 also pursue its investment strategy by investing in other mutual funds managed by the Adviser or an affiliate.The Adviser uses fundamental, quantitative and technical 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 while quantitative and technical techniques involve a more data-oriented analysis of financial information, market trends and price movements.
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AABFX - Performance

Return Ranking - Trailing

Period AABFX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.8% -3.4% 20.8% 30.77%
1 Yr 12.9% 8.0% 24.5% 27.54%
3 Yr 2.3%* -13.2% 6.3% 39.80%
5 Yr 5.4%* -5.7% 8.4% 20.82%
10 Yr 4.7%* -0.4% 7.7% 49.10%

* Annualized

Return Ranking - Calendar

Period AABFX Return Category Return Low Category Return High Rank in Category (%)
2023 8.7% -1.0% 27.4% 16.13%
2022 -15.8% -35.0% -7.4% 37.44%
2021 4.5% -11.5% 14.6% 22.16%
2020 6.3% -10.3% 40.7% 29.51%
2019 13.8% -9.5% 22.1% 8.43%

Total Return Ranking - Trailing

Period AABFX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.8% -3.4% 20.8% 30.77%
1 Yr 12.9% 8.0% 24.5% 27.54%
3 Yr 2.3%* -13.2% 6.3% 39.80%
5 Yr 5.4%* -5.7% 8.4% 20.82%
10 Yr 4.7%* -0.4% 7.7% 49.10%

* Annualized

Total Return Ranking - Calendar

Period AABFX Return Category Return Low Category Return High Rank in Category (%)
2023 12.0% 2.6% 28.2% 10.67%
2022 -13.9% -35.0% -3.1% 66.33%
2021 11.0% -11.5% 32.0% 12.37%
2020 8.7% -5.4% 40.7% 54.37%
2019 16.0% 4.5% 27.7% 31.46%

NAV & Total Return History

AABFX - Holdings

Concentration Analysis

AABFX Category Low Category High AABFX % Rank
Net Assets 427 M 305 K 50.8 B 54.46%
Number of Holdings 1929 2 4065 4.70%
Net Assets in Top 10 118 M 309 K 10.3 B 76.73%
Weighting of Top 10 28.18% 9.7% 111.4% 78.71%

Top 10 Holdings

  1. Thrivent Core Short-Term Reserve Fund 8.27%
  2. Thrivent Core International Equity Fund 6.90%
  3. Thrivent Core Emerging Markets Debt Fund 4.93%
  4. Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.67%
  5. Microsoft Corporation 1.27%
  6. NVIDIA Corporation 1.15%
  7. Apple, Inc. 1.14%
  8. Thrivent Cash Management Trust 1.08%
  9. U.S. Treasury Bonds 0.93%
  10. U.S. Treasury Notes 0.84%

Asset Allocation

Weighting Return Low Return High AABFX % Rank
Bonds 		42.50% 0.00% 79.72% 25.00%
Stocks 		33.45% 0.00% 100.11% 79.95%
Cash 		10.03% -35.68% 23.34% 6.68%
Other 		3.98% -0.20% 61.47% 7.92%
Convertible Bonds 		1.89% 0.00% 71.77% 17.50%
Preferred Stocks 		0.65% 0.00% 21.95% 8.42%

Stock Sector Breakdown

Weighting Return Low Return High AABFX % Rank
Technology 		20.26% 0.22% 27.92% 26.95%
Financial Services 		15.86% 0.00% 83.50% 30.23%
Healthcare 		12.35% 0.00% 24.25% 70.53%
Industrials 		12.32% 0.14% 17.90% 14.61%
Consumer Cyclical 		11.06% 0.00% 14.20% 30.23%
Communication Services 		7.19% 0.00% 11.11% 40.55%
Consumer Defense 		5.24% 0.00% 18.62% 88.16%
Energy 		4.87% 0.00% 62.93% 53.90%
Basic Materials 		4.23% 0.00% 32.82% 48.36%
Utilities 		3.32% 0.00% 48.33% 52.64%
Real Estate 		3.31% 0.00% 43.16% 74.31%

Stock Geographic Breakdown

Weighting Return Low Return High AABFX % Rank
US 		33.12% 0.00% 100.11% 77.72%
Non US 		0.33% 0.00% 23.24% 25.50%

Bond Sector Breakdown

Weighting Return Low Return High AABFX % Rank
Corporate 		34.88% 0.00% 96.66% 43.25%
Securitized 		26.13% 0.00% 52.08% 17.25%
Cash & Equivalents 		10.03% 0.00% 23.34% 4.46%
Government 		9.77% 0.00% 63.33% 83.00%
Municipal 		0.00% 0.00% 99.85% 77.50%
Derivative 		-0.19% -0.22% 60.97% 99.26%

Bond Geographic Breakdown

Weighting Return Low Return High AABFX % Rank
US 		42.50% 0.00% 79.72% 23.02%
Non US 		0.00% 0.00% 7.66% 29.95%

AABFX - Expenses

Operational Fees

AABFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.06% 21.26% 39.85%
Management Fee 0.55% 0.00% 1.25% 79.16%
12b-1 Fee 0.25% 0.00% 1.00% 21.24%
Administrative Fee 0.02% 0.01% 0.70% 3.06%

Sales Fees

AABFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 1.00% 5.75% 70.15%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AABFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

AABFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 157.00% 2.00% 380.00% 95.12%

AABFX - Distributions

Dividend Yield Analysis

AABFX Category Low Category High AABFX % Rank
Dividend Yield 2.92% 0.00% 7.99% 44.31%

Dividend Distribution Analysis

AABFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Quarterly

Net Income Ratio Analysis

AABFX Category Low Category High AABFX % Rank
Net Income Ratio 1.41% -1.22% 6.83% 66.33%

Capital Gain Distribution Analysis

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

Distributions History

View More +

AABFX - Fund Manager Analysis

Managers

Stephen Lowe

Start Date

Tenure

Tenure Rank

Aug 16, 2013

8.79

8.8%

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.

David Spangler

Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

David Spangler, CFA, joined Thrivent in 2002 serving as Director of Thrivent’s Investment Product Management group. Currently, he is the Head of Mixed Asset and Market Strategies. He has served on Thrivent's Model Portfolios Committee since 2019. He has also served as a portfolio manager on the Thrivent Asset Allocation Funds since 2019.

Theron Whitehorn

Start Date

Tenure

Tenure Rank

Feb 28, 2021

1.25

1.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.37 2.41

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