Thrivent Municipal Bond Fund (AAMBX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AAMBX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AAMBX
AAMBX charges 0.74% annually. There are 329 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | AAMBX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | AAMBX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | AAMBX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | AAMBX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | AAMBX vs FSMUX |
Best Risk-Adjusted Alternatives to AAMBX
AAMBX has a PortfoliosLab risk / return rank of 80. There are 210 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | AAMBX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | AAMBX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | AAMBX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | AAMBX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | AAMBX vs TFCYX |
Top Performing AAMBX Alternatives (YTD)
AAMBX is at 2.40% YTD. There are 65 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen New York AMT Free Quality Municipal Income | 10.89% | — | Nov 2002 | AAMBX vs NRK | |
| Nuveen Municipal Income Fund, Inc. | 10.46% | — | Apr 1998 | AAMBX vs NMI | |
| BlackRock MuniYield Michigan Quality Fund | 9.15% | — | Oct 1992 | AAMBX vs MIY | |
| BlackRock MuniHoldings California Quality Fund | 7.14% | — | Feb 1998 | AAMBX vs MUC | |
| AllianceBernstein National Municipal Income Fund | 7.14% | — | Nov 2001 | AAMBX vs AFB |
Lowest Volatility Alternatives to AAMBX
AAMBX has 3.38% 1-year volatility. There are 418 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | AAMBX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | AAMBX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | AAMBX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | AAMBX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | AAMBX vs USMTX |
Lowest Drawdown Alternatives to AAMBX
AAMBX has a 1-year max drawdown of -3.13%. There are 382 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | AAMBX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | AAMBX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | AAMBX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | AAMBX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | AAMBX vs DFSMX |
Other Mutual Funds from Thrivent
The 10 most viewed Thrivent mutual funds shown here include AAAGX, TSCSX, TMSIX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Thrivent Large Cap Growth Fund | Large Cap Growth Equities | 15 | 4.53% | — | Oct 1999 | AAMBX vs AAAGX | |
| Thrivent Small Cap Stock Fund Class S | Small Cap Blend Equities | 36 | 16.76% | — | Jul 1996 | AAMBX vs TSCSX | |
| Thrivent Mid Cap Stock Fund Class S | Mid Cap Blend Equities | 44 | 18.15% | — | Jun 1993 | AAMBX vs TMSIX | |
| Thrivent Mid Cap Stock Fund | Mid Cap Blend Equities | 43 | 18.02% | — | Jun 1993 | AAMBX vs AASCX | |
| Thrivent Balanced Income Plus Fund | Diversified Portfolio | 66 | 5.21% | — | Dec 1997 | AAMBX vs AABFX | |
| Thrivent Diversified Income Plus Fund | Diversified Portfolio | 77 | 3.49% | — | Jan 1997 | AAMBX vs AAHYX | |
| Thrivent Global Stock Fund | Global Equities | 56 | 10.82% | — | Jul 1987 | AAMBX vs AALGX | |
| Thrivent Aggressive Allocation Fund | Diversified Portfolio | 55 | 10.55% | — | Jun 2005 | AAMBX vs TAAAX | |
| Thrivent Moderately Aggressive Allocation Fund Cla... | Diversified Portfolio | 57 | 8.81% | — | Jun 2005 | AAMBX vs TMAAX | |
| Thrivent Large Cap Value Fund | Large Cap Value Equities | 86 | 13.42% | — | Oct 1999 | AAMBX vs AAUTX |
Often Compared With AAMBX
Investors most often compare AAMBX with FGNSX, SWAGX, APUSX. These 16 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare AAMBX with Any Fund or Stock
Compare AAMBX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AAMBX with funds that move differently
Thrivent Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AAMBX.
Explore AAMBX Diversifiers