TMLDX Fees and Costs — Thrivent Multidimensional Income Fund, Class S
Data updated: 2024-08-27
The net expense ratio is 0.94% (1.27% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $8K in broker commissions, 0.0149% of average net assets, and portfolio turnover was 94%.
TMLDX Fees and Expenses
Annual operating expenses and sales charges of TMLDX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.33% |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TMLDX Costs Over Time
On $10,000 invested in TMLDX, assuming 5% a year before costs, total costs come to $598 over 5 years, cutting the return by 1.00% 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 0.94%) | $99 | $308 | $535 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $328 | $598 |
| Value after costs | $10,400 | $11,248 | $12,165 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
TMLDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0149%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $103.9M
- Portfolio turnover (prospectus): 94%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $21K (0.036% of average net assets)
TMLDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| COWEN AND COMPANY, LLC | $2K | 33.16% |
| SANFORD C. BERNSTEIN & CO., LLC | $1K | 18.13% |
| ROBERT W. BAIRD & CO. INCORPORATED | $855 | 11.49% |
| CITIGROUP GLOBAL MARKETS INC. | $657 | 8.83% |
| BARCLAYS CAPITAL INC. | $589 | 7.92% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $380 | 5.11% |
| UBS SECURITIES LLC | $354 | 4.76% |
| KEYBANC CAPITAL MARKETS | $324 | 4.36% |
| BOFA SECURITIES, INC. | $248 | 3.34% |
| PIPER SANDLER & CO. | $217 | 2.91% |
TMLDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $48.2M | 51.51% |
| MORGAN STANLEY & CO. LLC | $14.6M | 15.63% |
| J.P. MORGAN SECURITIES LLC | $11.4M | 12.13% |
| BARCLAYS CAPITAL INC. | $6.1M | 6.47% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $3.8M | 4.05% |
| BOFA SECURITIES, INC. | $3.4M | 3.66% |
| GOLDMAN SACHS & CO. LLC | $2.3M | 2.47% |
| BNP PARIBAS SECURITIES CORP. | $1.4M | 1.48% |
| INSPEREX LLC | $1.3M | 1.40% |
| CITIGROUP GLOBAL MARKETS INC. | $1.1M | 1.20% |
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.