Thrivent Opportunity Income Plus Fund (AAINX)
The fund primarily invests in a broad range of debt securities. 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.
Fund Info
| ISIN | US8858827046 |
|---|---|
| CUSIP | 885882704 |
| Issuer | Thrivent Funds |
| Inception Date | Jul 15, 1987 |
| Category | Multisector Bonds |
| Minimum Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
The Thrivent Opportunity Income Plus Fund has a high expense ratio of 0.88%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in Thrivent Opportunity Income Plus Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
Thrivent Opportunity Income Plus Fund had a return of 2.81% year-to-date (YTD) and 3.64% in the last 12 months. Over the past 10 years, Thrivent Opportunity Income Plus Fund had an annualized return of 1.92%, while the S&P 500 had an annualized return of 9.81%, indicating that Thrivent Opportunity Income Plus Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -0.28% | -2.61% |
| 6 months | 1.03% | 8.79% |
| Year-To-Date | 2.81% | 12.52% |
| 1 year | 3.64% | 14.96% |
| 5 years (annualized) | 0.67% | 8.09% |
| 10 years (annualized) | 1.92% | 9.81% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -1.55% | 0.97% | 0.70% | -0.71% | 0.74% | 0.86% | -0.27% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for Thrivent Opportunity Income Plus Fund (AAINX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AAINX Thrivent Opportunity Income Plus Fund | 0.59 | ||||
^GSPC S&P 500 | 0.81 |
Dividend History
Thrivent Opportunity Income Plus Fund granted a 4.65% dividend yield in the last twelve months. The annual payout for that period amounted to $0.40 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.35 | $0.28 | $0.31 | $0.38 | $0.39 | $0.34 | $0.36 | $0.38 | $0.37 | $0.24 | $0.24 |
Dividend yield | 4.65% | 4.13% | 2.94% | 3.30% | 4.28% | 4.76% | 4.02% | 4.53% | 5.11% | 4.90% | 3.26% | 3.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Thrivent Opportunity Income Plus Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | ||||
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2013 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 |
| 2012 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Thrivent Opportunity Income Plus Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Thrivent Opportunity Income Plus Fund is 15.72%, recorded on Nov 20, 2008. It took 202 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.72% | Jan 24, 2008 | 210 | Nov 20, 2008 | 202 | Sep 11, 2009 | 412 |
| -15.28% | Feb 24, 2020 | 21 | Mar 23, 2020 | 113 | Sep 1, 2020 | 134 |
| -14.5% | Oct 18, 1993 | 317 | Jan 3, 1995 | 720 | Oct 7, 1997 | 1037 |
| -14.18% | Sep 16, 2021 | 277 | Oct 20, 2022 | — | — | — |
| -7.76% | Feb 11, 1988 | 287 | Mar 17, 1989 | 649 | Sep 12, 1991 | 936 |
Volatility Chart
The current Thrivent Opportunity Income Plus Fund volatility is 1.09%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.