About LBIIX
Thrivent Income Fund Class S is a diversified mutual fund designed to provide high current income while seeking to preserve principal. Its primary investment focus is on investment-grade corporate bonds, government securities, mortgage-backed securities, and asset-backed securities, establishing a core allocation to BBB-rated bonds—the lowest tier within the investment-grade category. In addition to its focus on quality U.S. debt instruments, the fund may allocate a portion of assets to high yield bonds, preferred stock, and foreign issuers, including those from emerging markets. The portfolio is actively managed by an experienced team employing derivatives for duration and interest rate risk management. Thrivent Income Fund Class S is structured as a no-load share class, meaning it carries no sales charges or ongoing 12b-1 fees, and it offers a competitive expense ratio. The fund distributes income monthly, making it a consistent source of cash flow for investors requiring regular distributions. Since its inception, the fund has played a significant role for investors seeking a blend of income generation, principal stability, and modest long-term capital appreciation within the fixed income segment of the financial market.
Fund Family Thrivent
Category Corporate Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol LBIIX
Share Class Class S
Index Bloomberg U.S. Corp Investment Grade TR
LBIIX had a total return of -2.35% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.33%.
