LBHIX Fees and Costs — Thrivent High Yield Fund, Class S
Data updated: 2026-09-29
The net expense ratio is 0.54%: a 0.39% management fee plus 0.15% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 41%.
LBHIX Fees and Expenses
Annual operating expenses and sales charges of LBHIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.54% |
| Fee waiver | — |
| Net expense ratio | 0.54% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
LBHIX Costs Over Time
On $10,000 invested in LBHIX, assuming 5% a year before costs, total costs come to $341 over 5 years, cutting the return by 0.57% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.54%) | $57 | $178 | $310 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $187 | $341 |
| Value after costs | $10,443 | $11,390 | $12,422 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
LBHIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $633.3M
- Portfolio turnover (prospectus): 41%
- Securities on loan, average value: $46.3M
- Net income from securities lending: $278K (0.044% of average net assets)
LBHIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $248.2M | 46.73% |
| J.P. MORGAN SECURITIES LLC | $62.5M | 11.76% |
| BOFA SECURITIES, INC. | $43.2M | 8.14% |
| MORGAN STANLEY & CO. LLC | $39.3M | 7.40% |
| BARCLAYS CAPITAL INC. | $35.5M | 6.69% |
| GOLDMAN SACHS & CO. LLC | $33.1M | 6.23% |
| CITICORP SECURITIES INC | $24.6M | 4.63% |
| WELLS FARGO SECURITIES, LLC | $18.2M | 3.42% |
| JEFFERIES LLC | $14.0M | 2.64% |
| JANE STREET EXECUTION SERVICES, LLC | $12.5M | 2.36% |
Thrivent High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LBHIX | Class S | 0.54% | none |
| LBHYX | Class A | 0.81% | 4.50% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.