Thrivent Municipal Bond Fund (AAMBX)
Under normal market conditions, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in municipal bonds, the income of which is exempt from federal income taxation. It may count securities that generate income subject to the alternative minimum tax toward the 80% investment requirement.
Fund Info
| ISIN | US8858826212 |
|---|---|
| CUSIP | 885882621 |
| Issuer | Thrivent |
| Inception Date | Dec 2, 1976 |
| Category | Municipal Bonds |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
AAMBX features an expense ratio of 0.74%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Thrivent Municipal Bond 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 Municipal Bond Fund had a return of 1.08% year-to-date (YTD) and 4.18% in the last 12 months. Over the past 10 years, Thrivent Municipal Bond Fund had an annualized return of 2.06%, while the S&P 500 had an annualized return of 10.58%, indicating that Thrivent Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.08% | 13.20% |
| 1 month | 0.45% | -1.28% |
| 6 months | 2.47% | 10.32% |
| 1 year | 4.18% | 18.23% |
| 5 years (annualized) | 0.89% | 12.31% |
| 10 years (annualized) | 2.06% | 10.58% |
Monthly Returns
The table below presents the monthly returns of AAMBX, 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 | -0.09% | 0.07% | -0.04% | -1.16% | 0.09% | 1.75% | 1.08% | ||||||
| 2023 | 3.47% | -2.57% | 1.96% | 0.04% | -0.69% | 0.96% | 0.17% | -1.40% | -3.54% | -2.09% | 7.97% | 2.84% | 6.78% |
| 2022 | -2.72% | -0.60% | -3.19% | -3.31% | 1.31% | -2.34% | 2.87% | -2.60% | -4.26% | -1.37% | 5.48% | -0.34% | -10.93% |
| 2021 | 0.64% | -1.76% | 0.68% | 1.01% | 0.74% | 0.42% | 0.72% | -0.46% | -0.91% | -0.23% | 1.01% | 0.13% | 1.99% |
| 2020 | 1.73% | 1.51% | -4.17% | -2.07% | 3.15% | 1.23% | 1.82% | -0.46% | -0.12% | -0.29% | 1.73% | 0.84% | 4.78% |
| 2019 | 0.47% | 0.53% | 1.62% | 0.37% | 1.43% | 0.41% | 0.72% | 1.74% | -0.69% | -0.01% | 0.07% | 0.26% | 7.12% |
| 2018 | -1.01% | -0.54% | 0.37% | -0.32% | 1.02% | 0.10% | 0.12% | 0.10% | -0.74% | -0.61% | 0.84% | 1.03% | 0.32% |
| 2017 | 0.39% | 0.53% | 0.20% | 0.71% | 1.37% | -0.16% | 0.46% | 0.73% | -0.43% | 0.12% | -0.42% | 0.89% | 4.48% |
| 2016 | 0.95% | 0.03% | 0.37% | 0.78% | 0.37% | 1.53% | -0.08% | 0.12% | -0.58% | -0.92% | -3.67% | 1.00% | -0.20% |
| 2015 | 1.99% | -1.25% | 0.38% | -0.66% | -0.33% | -0.13% | 0.81% | 0.20% | 0.55% | 0.36% | 0.46% | 0.71% | 3.11% |
| 2014 | 1.94% | 1.01% | 0.32% | 1.28% | 1.36% | 0.03% | 0.22% | 1.34% | 0.11% | 0.81% | 0.10% | 0.74% | 9.63% |
| 2013 | 0.39% | 0.18% | -0.45% | 1.14% | -1.46% | -3.37% | -1.19% | -1.29% | 2.24% | 0.68% | -0.13% | -0.21% | -3.53% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AAMBX is 31, 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 Municipal Bond Fund (AAMBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Thrivent Municipal Bond Fund granted a 3.23% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.32 | $0.30 | $0.31 | $0.33 | $0.36 | $0.38 | $0.39 | $0.38 | $0.40 | $0.41 | $0.42 |
Dividend yield | 3.23% | 3.12% | 2.97% | 2.66% | 2.80% | 3.10% | 3.45% | 3.41% | 3.41% | 3.39% | 3.51% | 3.83% |
Monthly Dividends
The table displays the monthly dividend distributions for Thrivent Municipal Bond 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.17 | |||||
| 2023 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.31 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2015 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.41 |
| 2013 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Thrivent Municipal Bond 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 Municipal Bond Fund was 16.17%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Thrivent Municipal Bond Fund drawdown is 4.32%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.17% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -13.99% | Oct 18, 1993 | 286 | Nov 21, 1994 | 321 | Feb 13, 1996 | 607 |
| -11.69% | Mar 10, 2020 | 9 | Mar 20, 2020 | 171 | Nov 20, 2020 | 180 |
| -9.34% | Jan 24, 2008 | 185 | Oct 16, 2008 | 124 | Apr 16, 2009 | 309 |
| -9.26% | Oct 6, 1998 | 340 | Jan 25, 2000 | 215 | Nov 30, 2000 | 555 |
Volatility
Volatility Chart
The current Thrivent Municipal Bond Fund volatility is 0.73%, 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.