TMLDX — Thrivent Multidimensional Income Fund
Data updated: 2024-08-27
TMLDX — Thrivent Multidimensional Income Fund. Intermediate Corporate Bond · $48.99M AUM · 0.94% expense ratio. Holdings, fees, performance and SEC filings.
TMLDX Fund Overview
TMLDX — Thrivent Multidimensional Income Fund is a US mutual fund managed by Thrivent Mutual Funds, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Thrivent Mutual Funds
- Category: Intermediate Corporate Bond
- Assets under management: $48.99M
- 1-year return: 7.8%
- Ticker: TMLDX
- SEC CIK: 0000811869
- SEC series ID: S000056339
- Share class ID: C000177512
TMLDX Investment Objective and Strategy
Thrivent Multidimensional Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Thrivent Mutual Funds.
Investment objective
"Thrivent Multidimensional Income Fund (the ""Fund"") seeks a high level of current income and,"
Principal investment strategy
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. At the time of purchase, these high-yield securities are rated within or below the BB major rating category by S&P or the Ba major rating category by Moodys or are unrated but considered to be of comparable quality by the Adviser. The Fund also invests in leveraged loans, which are senior secured loans that are made by banks or other lending institutions to companies that are rated below investment grade. In addition, the Fund may invest in investment-grade corporate bonds, asset-backed securities, mortgage-backed securities (including commercially backed ones), convertible bonds, and U.S.
dollar denominated emerging markets sovereign debt. The Fund may invest in income-producing securities issued by closed-end funds (CEFs), publicly-traded business development companies (BDCs), master limited partnerships (MLPs), and exchange-traded funds (ETFs). CEFs are investment companies that issue a fixed number of shares that trade on a stock exchange or over-the-counter, typically at a premium or a discount to their net asset value. BDCs are publicly held investment funds that invest primarily in private and thinly traded public U.S. businesses. MLPs are publicly-traded limited partnerships that are limited by the Internal Revenue Code to only apply to enterprises that engage in certain businesses, mostly pertaining to the use of natural resources. ETFs are investment companies generally designed to track the performance of a securities or other index or benchmark.
The Fund may also pursue its investment strategy by investing in other mutual funds, including funds managed by the Adviser. The Fund may also invest in income-producing equity securities, including preferred stock and real estate investment trusts (REITs). The Fund may utilize derivatives for investment exposure or hedging purposes, including futures agreements and credit default swap agreements on security indexes. The Fund may enter into standardized derivatives contracts traded on domestic or foreign securities exchanges, boards of trade, or similar entities, and non- standardized derivatives contracts traded in the over-the-counter market. The Adviser uses fundamental, quantitative and technical investment research techniques to determine what to buy and sell. Fundamental techniques assess a securitys value based on an issuers 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.
TMLDX Holdings
Top 10 holdings of Thrivent Multidimensional Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Thrivent Mutual Funds | 7.65% |
| United States Department of The Treasury | 6.30% |
| Federal National Mortgage Association | 6.02% |
| Thrivent Mutual Funds | 4.88% |
| United States Department of The Treasury | 4.24% |
| Thrivent Mutual Funds | 3.64% |
| United States Department of The Treasury | 2.03% |
| United States Department of The Treasury | 2.03% |
| Federal National Mortgage Association | 1.72% |
| Federal National Mortgage Association | 1.71% |
TMLDX Portfolio Allocation
Asset-class allocation of Thrivent Multidimensional Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 62.2% |
| Other | 18.0% |
| Securitized | 10.2% |
| Cash & Equivalents | 8.7% |
| Equity | 5.3% |
TMLDX Performance
Total returns for TMLDX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 7.8% |
| 3 years (annualised) | -1.1% |
| 5 years (annualised) | 2.4% |
TMLDX Risk Information
Risk metrics for TMLDX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.9%
TMLDX Costs and Fees
TMLDX costs about $94 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.94%
- Gross expense ratio: 1.27%
- Portfolio turnover: 94%
- Brokerage commissions: 1.49 bps of average net assets (SEC N-CEN)
TMLDX Cashflows
Over the 12 months to 2024-06, Thrivent Multidimensional Income Fund had net outflows of $8.95M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-06 | −$1.26M |
| 2024-05 | −$1.43M |
| 2024-04 | $133.51K |
| 2024-03 | −$52.32K |
| 2024-02 | −$693.92K |
| 2024-01 | −$387.47K |
TMLDX Debt Constituents
Largest debt holdings of Thrivent Multidimensional Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Department of The Treasury | 6.30% |
| United States Department of The Treasury | 4.24% |
| United States Department of The Treasury | 2.03% |
| United States Department of The Treasury | 2.03% |
| United States Department of The Treasury | 1.30% |
| Nippon Life Insurance Co | 0.53% |
| Bank America Corpo | 0.50% |
| Edison International | 0.41% |
| Nippon Life Insurance | 0.40% |
| Schwab Charles Corporation New | 0.39% |
TMLDX Prospectus and SEC Filings
Official Thrivent Multidimensional Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-28
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus supplement (497) — filed 2023-02-28
- Portfolio holdings (N-PORT) — filed 2024-08-27
- Portfolio holdings (N-PORT) — filed 2024-05-29
- Portfolio holdings (N-PORT) — filed 2024-02-27
- Annual census (N-CEN) — filed 2024-03-12
- Annual census (N-CEN) — filed 2023-03-09
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.