Thrivent High Yield S
LBHIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Thrivent Mutual Funds, 625 Fourth Avenue South Minneapolis MN United States of America 55415
- IPO Date
- Oct 31, 1997
- CIK
- 0000811869
- Website
- thriventfunds.com
- Similar Companies
- Business
- Thrivent High Yield Fund Class S (LBHIX) is an open-end mutual fund that seeks high current income, with a secondary objective of capital growth, by investing primarily in high yield, high risk bonds rated below investment-grade, commonly known as junk bonds; notes; debentures; leveraged loans; mortgage-backed securities; convertible bonds and convertible preferred stock. The fund maintains at least 80% of its net assets in these higher-yielding fixed income securities, focusing on the top three ratings within the high yield credit quality spectrum for reduced risk relative to lower-rated junk bonds, while also utilizing derivatives to manage interest rate risk and duration. It provides portfolio diversification benefits through low correlation to other fixed income sectors and lower sensitivity to interest rates compared to investment-grade debt, with top holdings including bonds from issuers such as Caesars Entertainment Inc., DIRECTV Financing LLC, CCO Holdings LLC, Tenet Healthcare Corp., and Vistra Corp. The fund, with total net assets of approximately $660 million and a net expense ratio of 0.55%, is managed by Thrivent Asset Management, LLC, a subsidiary of Thrivent Financial, a not-for-profit financial services organization founded in 2002 through the merger of Aid Association for Lutherans (established 1902) and Lutheran Brotherhood (established 1917), and headquartered in Minneapolis, Minnesota, and Appleton, Wisconsin. Class S shares, available to U.S. investors with a minimum initial investment of $2,000 for non-retirement accounts ($1,000 for IRAs) and $50 for additional purchases, feature no front-end or back-end loads, redemption fees, or 12b-1 fees, though a semiannual low balance fee of $10 applies. Portfolio managers Paul Ocenasek, who joined Thrivent in 1987 and has managed the fund since 1997, and Paul Tommerdahl, who joined in 2016 as senior portfolio manager, oversee the actively managed portfolio with an average duration of 2.62 years and average life of 3.68 years. In a significant recent operational change, the fund executed a 1-for-4 reverse share split effective December 8, 2025, for shareholders of record as of December 5, 2025, adjusting the net asset value per share and share count proportionally while preserving the total investment value of shareholders. This adjustment affects historical NAV and distribution data reported prior to the split. Additionally, effective February 28, 2025, certain cash-designated holdings such as futures were reallocated to their respective asset classes due to a data source change. Thrivent, through its broader asset management operations, has pursued strategic expansions including conversions of mid-cap and small-cap value mutual funds to ETFs in late 2025 and a structured financing partnership with Dawson in October 2025 to support its private equity strategy, reflecting ongoing enhancements in its investment offerings.