Thrivent High Income Municipal Bond Fund (THMBX)
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 invests at least 50% of its assets in debt securities that, at the time of purchase, are rated within or below the "BBB" major rating category by S&P or Fitch, or the "Baa" major rating category by Moody's, or are unrated but considered to be of comparable quality by the Adviser.
Fund Info
| ISIN | US88588R6009 |
|---|---|
| CUSIP | 88588R600 |
| Issuer | Thrivent |
| Inception Date | Feb 27, 2018 |
| Category | High Yield Muni |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
THMBX has a high expense ratio of 0.60%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Thrivent High Income 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 High Income Municipal Bond Fund had a return of -0.06% year-to-date (YTD) and 4.87% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.06% | 5.57% |
| 1 month | -1.57% | -4.16% |
| 6 months | 11.02% | 20.07% |
| 1 year | 4.87% | 20.82% |
| 5 years (annualized) | 1.13% | 11.56% |
| 10 years (annualized) | N/A | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.58% | 0.43% | 0.52% | |||||||||
| 2023 | -2.24% | 7.81% | 3.04% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of THMBX is 42, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Thrivent High Income Municipal Bond Fund(THMBX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Thrivent High Income Municipal Bond Fund (THMBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Thrivent High Income Municipal Bond Fund granted a 3.62% dividend yield in the last twelve months. The annual payout for that period amounted to $0.34 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.35 | $0.28 | $0.31 | $0.31 | $0.31 | $0.28 |
Dividend yield | 3.62% | 3.74% | 3.11% | 2.77% | 2.91% | 2.93% | 2.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Thrivent High Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | |||||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $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 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 |
| 2018 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
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 High Income 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 High Income Municipal Bond Fund was 21.08%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Thrivent High Income Municipal Bond Fund drawdown is 8.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.08% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -18.1% | Mar 2, 2020 | 15 | Mar 20, 2020 | 208 | Jan 15, 2021 | 223 |
| -2.5% | Jul 20, 2018 | 76 | Nov 5, 2018 | 40 | Jan 4, 2019 | 116 |
| -2.29% | Feb 17, 2021 | 7 | Feb 25, 2021 | 42 | Apr 27, 2021 | 49 |
| -1.4% | Sep 5, 2019 | 9 | Sep 17, 2019 | 15 | Oct 8, 2019 | 24 |
Volatility
Volatility Chart
The current Thrivent High Income Municipal Bond Fund volatility is 0.98%, 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.