Thrivent Multidimensional Income Fund (TMLDX)
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." The fund will also implement its investment strategy by investing in convertible bonds and U.S. dollar denominated emerging markets sovereign debt.
Fund Info
| ISIN | US88588R4020 |
|---|---|
| CUSIP | 88588R402 |
| Issuer | Thrivent Funds |
| Inception Date | Feb 27, 2017 |
| Category | Multisector Bonds |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
TMLDX features an expense ratio of 0.73%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Thrivent Multidimensional Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Thrivent Multidimensional Income Fund had a return of 4.94% year-to-date (YTD) and 10.09% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.94% | 18.13% |
| 1 month | 0.00% | 1.45% |
| 6 months | 3.80% | 8.81% |
| 1 year | 10.09% | 26.52% |
| 5 years (annualized) | 2.55% | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of TMLDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.72% | -0.08% | 1.10% | -1.66% | 1.58% | 0.76% | 1.77% | 0.68% | 4.94% | ||||
| 2023 | 5.12% | -1.90% | -0.85% | 0.84% | -0.99% | 1.00% | 1.22% | -0.54% | -1.71% | -1.74% | 4.61% | 3.47% | 8.51% |
| 2022 | -2.88% | -2.02% | -1.09% | -4.25% | 0.06% | -5.54% | 5.20% | -2.18% | -4.74% | 1.17% | 3.43% | -0.99% | -13.49% |
| 2021 | -0.14% | 0.60% | 0.97% | 1.67% | 0.58% | 1.27% | 0.19% | 0.57% | -0.57% | 0.18% | -1.34% | 1.64% | 5.72% |
| 2020 | 0.82% | -2.64% | -13.18% | 5.91% | 3.29% | 0.54% | 4.41% | 1.46% | -1.23% | 0.03% | 5.63% | 2.05% | 5.74% |
| 2019 | 4.86% | 1.34% | 0.62% | 1.58% | -1.06% | 2.50% | 0.83% | 0.04% | 0.58% | 0.61% | 0.70% | 1.75% | 15.19% |
| 2018 | 0.39% | -1.26% | -0.52% | 0.27% | 0.23% | 0.18% | 0.42% | 0.36% | 0.17% | -2.50% | -0.75% | -3.19% | -6.10% |
| 2017 | -0.30% | 0.90% | 0.50% | -0.20% | 0.69% | 0.24% | 0.62% | 0.29% | 0.02% | 0.17% | 2.96% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TMLDX is 68, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Thrivent Multidimensional Income Fund (TMLDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Thrivent Multidimensional Income Fund granted a 4.30% dividend yield in the last twelve months. The annual payout for that period amounted to $0.38 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.41 | $0.41 | $0.50 | $0.43 | $0.44 | $0.42 | $0.15 |
Dividend yield | 4.30% | 4.68% | 4.83% | 4.92% | 4.21% | 4.33% | 4.61% | 1.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Thrivent Multidimensional Income 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.00 | $0.00 | $0.24 | |||
| 2023 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.41 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.41 |
| 2021 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.16 | $0.50 |
| 2020 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.05 | $0.43 |
| 2019 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.05 | $0.44 |
| 2018 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.42 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Thrivent Multidimensional Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Thrivent Multidimensional Income Fund was 25.92%, occurring on Mar 23, 2020. Recovery took 167 trading sessions.
The current Thrivent Multidimensional Income Fund drawdown is 2.07%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.92% | Feb 21, 2020 | 22 | Mar 23, 2020 | 167 | Nov 17, 2020 | 189 |
| -17.59% | Sep 16, 2021 | 277 | Oct 20, 2022 | — | — | — |
| -7.41% | Jan 29, 2018 | 229 | Dec 24, 2018 | 68 | Apr 3, 2019 | 297 |
| -1.36% | Feb 16, 2021 | 8 | Feb 25, 2021 | 26 | Apr 5, 2021 | 34 |
| -1.3% | Jul 29, 2019 | 13 | Aug 14, 2019 | 14 | Sep 4, 2019 | 27 |
Volatility
Volatility Chart
The current Thrivent Multidimensional Income Fund volatility is 0.00%, 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.