About LBHIX
Thrivent High Yield Fund Class S is a mutual fund focused on generating high current income by primarily investing in a diversified portfolio of high-yield, below investment-grade debt securities often referred to as "junk bonds." Managed by a seasoned team, the fund allocates at least 80% of its net assets to high-risk bonds, notes, debentures, leveraged loans, mortgage-backed securities, and convertible instruments, potentially including preferred stock. This approach targets issuers with lower credit ratings, balancing elevated credit and economic risk with the potential for above-average yields. The fund is designed to offer a higher income stream, distinguishing itself through monthly dividend distributions and a competitive expense ratio, making it one of the more cost-efficient options in its category. It serves as a tool for income-seeking investors who are able to accept higher volatility in pursuit of yield, and can play a diversification role in broader fixed-income strategies due to its relatively low correlation with investment-grade bonds and sensitivity to credit market cycles. Since its inception in 1997, the fund has maintained a prominent presence among high-yield bond portfolios, emphasizing both income and risk management in its investment process.
Fund Family Thrivent
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol LBHIX
Share Class Class S
Index Bloomberg U.S. Corporate High Yield TR
LBHIX had a total return of 2.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.52%.
