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Thrivent Municipal Bond Fund (AAMBX)

Mutual Fund · Currency in USD · Last updated Jun 1, 2023

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

ISINUS8858826212
CUSIP885882621
IssuerThrivent
Inception DateDec 2, 1976
CategoryMunicipal Bonds
Minimum Investment$2,000
Asset ClassBond

Expense Ratio

The Thrivent Municipal Bond Fund has a high expense ratio of 0.74%, indicating higher-than-average management fees.


0.74%
0.00%2.15%

Share Price Chart


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Performance

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.


-8.00%-6.00%-4.00%-2.00%0.00%2.00%4.00%2023FebruaryMarchAprilMay
1.08%
2.53%
AAMBX (Thrivent Municipal Bond Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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Thrivent Municipal Bond Fund

Return

Thrivent Municipal Bond Fund had a return of 1.83% year-to-date (YTD) and -1.09% in the last 12 months. Over the past 10 years, Thrivent Municipal Bond Fund had an annualized return of 1.73%, while the S&P 500 had an annualized return of 9.88%, indicating that Thrivent Municipal Bond Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-0.79%0.29%
Year-To-Date1.83%8.86%
6 months1.48%2.44%
1 year-1.09%1.15%
5 years (annualized)0.94%8.88%
10 years (annualized)1.73%9.88%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20233.47%-2.57%1.96%0.04%
20225.48%-0.34%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for Thrivent Municipal Bond Fund (AAMBX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AAMBX
Thrivent Municipal Bond Fund
-0.15
^GSPC
S&P 500
0.02

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Thrivent Municipal Bond Fund Sharpe ratio is -0.15. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-2.00-1.50-1.00-0.500.000.502023FebruaryMarchAprilMay
-0.15
0.02
AAMBX (Thrivent Municipal Bond Fund)
Benchmark (^GSPC)

Dividend History

Thrivent Municipal Bond Fund granted a 4.22% dividend yield in the last twelve months. The annual payout for that period amounted to $0.43 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.43$0.30$0.31$0.33$0.36$0.38$0.39$0.38$0.40$0.41$0.42$0.44

Dividend yield

4.22%3.00%2.77%2.99%3.41%3.95%4.00%4.14%4.26%4.56%5.15%5.15%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.03$0.02$0.03$0.02
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
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
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
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
2018$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03
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
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
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
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
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
2012$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-20.00%-15.00%-10.00%2023FebruaryMarchAprilMay
-9.73%
-12.86%
AAMBX (Thrivent Municipal Bond Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Thrivent Municipal Bond Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Thrivent Municipal Bond Fund is 16.17%, recorded on Oct 25, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-16.17%Aug 6, 2021308Oct 25, 2022
-13.99%Oct 18, 1993286Nov 21, 1994321Feb 13, 1996607
-11.68%Mar 10, 20209Mar 20, 2020171Nov 20, 2020180
-9.34%Jan 24, 2008185Oct 16, 2008124Apr 16, 2009309
-9.26%Oct 6, 1998340Jan 25, 2000215Nov 30, 2000555

Volatility Chart

The current Thrivent Municipal Bond Fund volatility is 1.35%, 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.


0.00%2.00%4.00%6.00%8.00%2023FebruaryMarchAprilMay
1.35%
3.67%
AAMBX (Thrivent Municipal Bond Fund)
Benchmark (^GSPC)