- ISIN
- US88588R6009
- CUSIP
- 88588R600
- Issuer
- Thrivent
- Inception Date
- Feb 27, 2018
- Category
- High Yield Muni
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
THMBX Performance Chart
Thrivent High Income Municipal Bond Fund (THMBX) is up 2.8% since the beginning of the year. THMBX is currently trading at $10 per share. Investors who bought $1,000 worth of THMBX shares 5 years ago would now be looking at an investment worth $1,029.
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Returns By Period
Thrivent High Income Municipal Bond Fund (THMBX) has returned 2.76% so far this year and 8.56% over the past 12 months.
Thrivent High Income Municipal Bond Fund
- 1D
- 0.10%
- 1M
- 2.05%
- YTD
- 2.76%
- 6M
- 3.28%
- 1Y
- 8.56%
- 3Y*
- 5.16%
- 5Y*
- 0.57%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
THMBX Monthly Returns History
Based on dividend-adjusted daily data since Mar 26, 2018, THMBX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2023 with a return of +7.8%, while the worst month was Mar 2020 at -11.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, THMBX closed higher 39% of trading days. The best single day was Mar 25, 2020 with a return of +4.3%, while the worst single day was Mar 19, 2020 at -5.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.47% | 1.39% | -1.81% | 1.54% | 0.77% | 0.42% | 2.76% | ||||||
| 2025 | 0.25% | 1.15% | -1.81% | -1.54% | -0.71% | 0.60% | -1.14% | 0.69% | 3.69% | 1.43% | 0.33% | -0.03% | 2.83% |
| 2024 | 0.58% | 0.43% | 0.53% | -1.21% | 1.00% | 2.33% | 1.00% | 0.85% | 1.27% | -1.29% | 1.77% | -1.48% | 5.85% |
| 2023 | 4.16% | -2.79% | 1.52% | 0.00% | -0.63% | 1.29% | 0.43% | -1.28% | -3.29% | -2.61% | 7.81% | 2.72% | 7.01% |
| 2022 | -2.88% | -1.02% | -4.03% | -4.81% | 1.39% | -4.07% | 3.99% | -2.82% | -6.02% | -1.64% | 6.67% | -0.36% | -15.19% |
| 2021 | 1.92% | -1.53% | 0.82% | 1.51% | 1.68% | 1.10% | 1.20% | -0.42% | -1.07% | -0.35% | 1.39% | 0.24% | 6.59% |
Benchmark Metrics
Thrivent High Income Municipal Bond Fund has an annualized alpha of 2.28%, beta of 0.05, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since March 26, 2018.
- This fund participated in 34.47% of S&P 500 Index downside but only 21.77% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.03 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.03 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.28%
- Beta
- 0.05
- R²
- 0.03
- Upside Capture
- 21.77%
- Downside Capture
- 34.47%
Expense Ratio
THMBX has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
THMBX ranks 80 for risk / return — better than 80% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Thrivent High Income Municipal Bond Fund (THMBX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| THMBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.37 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 2.78 | +0.38 |
| Martin ratioReturn relative to average drawdown | 11.19 | 12.44 | -1.25 |
Dividends
Dividend History
Thrivent High Income Municipal Bond Fund provided a 4.29% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.39 | $0.27 | $0.28 | $0.31 | $0.31 | $0.31 | $0.28 |
Dividend yield | 4.29% | 4.31% | 4.10% | 2.81% | 3.11% | 2.77% | 2.92% | 2.93% | 2.78% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.00 | $0.17 | ||||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.41 |
| 2024 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.00 | $0.27 |
| 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 | $0.28 |
| 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 | $0.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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. Recovery took 837 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -21.08%Oct 2022 | 1y 2mo | 3y 4mo | 4y 6moAug 2021 - Feb 2026 |
COVID crash2020 | -18.10%Mar 2020 | 18d | 10mo 1d | 10mo 19dMar 2020 - Jan 2021 |
2026 pullback2026 | -2.71%Mar 2026 | 25d | 2mo 3d | 2mo 28dMar 2026 - May 2026 |
Rate-hike selloffLate 2018 | -2.51%Nov 2018 | 3mo 18d | 2mo | 5mo 18dJul 2018 - Jan 2019 |
2021 pullback2021 | -2.29%Feb 2021 | 8d | 2mo 1d | 2mo 9dFeb 2021 - Apr 2021 |
Drawdown Indicators
| THMBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -56.78% | +35.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -9.10% | +6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -7.31% | -18.90% | +11.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -25.43% | +4.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -10.71% | +5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 2.03% | -1.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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