Strategy. The Board of Trustees of Thrivent Mutual Funds has approved the merger of Thrivent Multidimensional Income Fund (the Target Fund) into Thrivent Opportunity Income Plus Fund. The merger is subject to approval by shareholders of the Target Fund at a special meeting of shareholders to be held on or about June 27, 2024. The merger, if approved by shareholders, will occur on or about July 19, 2024. The Target Fund will be closed to new shareholder accounts after the close of business on May 3, 2024. 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, … Show more… The Board of Trustees of Thrivent Mutual Funds has approved the merger of Thrivent Multidimensional Income Fund (the Target Fund) into Thrivent Opportunity Income Plus Fund. The merger is subject to approval by shareholders of the Target Fund at a special meeting of shareholders to be held on or about June 27, 2024. The merger, if approved by shareholders, will occur on or about July 19, 2024. The Target Fund will be closed to new shareholder accounts after the close of business on May 3, 2024. 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. 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. The Fund will also implement its investment strategy by investing in convertible bonds and U.S. dollar denominated emerging markets sovereign debt. The Fund also plans to invest in income-producing equity securities such as preferred stock, shares of closed-end funds (CEFs), and exchange-traded funds (ETFs). CEFs and ETFs are investment companies that trade on a stock exchange and may trade at a premium or a discount to their net asset value. The Fund may also pursue its investment strategy by investing in other mutual funds, including funds managed by the Adviser or an affiliate and unaffiliated funds. The Fund may invest in other securities such as investment-grade corporate bonds, asset-backed securities, and mortgage-backed securities. The Fund utilizes derivatives primarily in the form of U.S. Treasury futures contracts in order to manage the Funds duration, or interest rate risk. The Fund may enter into derivatives contracts traded on exchanges or in the over the counter market. The Adviser uses fundamental and other investment research techniques to determine what to buy and sell. Fundamental techniques assess a securitys value based on an issuers financial profile, management, and business prospects. Show less