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 |
| Minimum Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
The Thrivent Municipal Bond Fund has a high expense ratio of 0.74%, indicating higher-than-average management fees.
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.
Compare to other instruments
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.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -0.79% | 0.29% |
| Year-To-Date | 1.83% | 8.86% |
| 6 months | 1.48% | 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
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 3.47% | -2.57% | 1.96% | 0.04% | ||||||||
| 2022 | 5.48% | -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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AAMBX Thrivent Municipal Bond Fund | -0.15 | ||||
^GSPC S&P 500 | 0.02 |
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.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -13.99% | Oct 18, 1993 | 286 | Nov 21, 1994 | 321 | Feb 13, 1996 | 607 |
| -11.68% | 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 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.