LUBIX Fees and Costs — Thrivent Income Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 0.75%: a 0.33% management fee, a 0.25% 12b-1 fee plus 0.17% other expenses. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2025 the fund paid $6K in broker commissions, 0.0005% of average net assets, and portfolio turnover was 69%.
LUBIX Fees and Expenses
Annual operating expenses and sales charges of LUBIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
LUBIX Costs Over Time
On $10,000 invested in LUBIX, assuming 5% a year before costs, total costs come to $1,025 over 5 years, cutting the return by 1.74% 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 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.75%) | $75 | $235 | $409 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $22 | $83 | $166 |
| Total costs | $548 | $768 | $1,025 |
| Value after costs | $9,952 | $10,808 | $11,738 |
| Impact on return, per year | 5.48% | 2.38% | 1.74% |
LUBIX 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): 0.0005%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $14.5M
- Net income from securities lending: $61K (0.005% of average net assets)
LUBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $6K | 100.00% |
LUBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $615.3M | 35.08% |
| BOFA SECURITIES, INC. | $244.5M | 13.94% |
| J.P. MORGAN SECURITIES LLC | $161.2M | 9.19% |
| GOLDMAN SACHS & CO. LLC | $144.7M | 8.25% |
| BARCLAYS CAPITAL INC. | $144.4M | 8.23% |
| MORGAN STANLEY & CO. LLC | $142.6M | 8.13% |
| WELLS FARGO SECURITIES, LLC | $95.8M | 5.46% |
| BNP PARIBAS SECURITIES CORP. | $75.5M | 4.31% |
| CITICORP SECURITIES INC | $65.8M | 3.75% |
| DEUTSCHE BANK SECURITIES INC. | $63.9M | 3.64% |
Thrivent Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LBIIX | Class S | 0.47% | none |
| LUBIX | Class A | 0.75% | 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.