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Name

As of 04/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Thrivent High Income Municipal Bond Fund

THMBX | Fund

$9.37

$37.1 M

3.82%

$0.36

1.22%

Vitals

YTD Return

0.2%

1 yr return

4.9%

3 Yr Avg Return

-1.7%

5 Yr Avg Return

1.2%

Net Assets

$37.1 M

Holdings in Top 10

12.0%

52 WEEK LOW AND HIGH

$9.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 47.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Thrivent High Income Municipal Bond Fund

THMBX | Fund

$9.37

$37.1 M

3.82%

$0.36

1.22%

THMBX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.80%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Thrivent High Income Municipal Bond Fund
  • Fund Family Name
    Thrivent Funds
  • Inception Date
    Feb 28, 2018
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Johan Åkesson

Fund Description

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. The Fund may count securities that generate income subject to the alternative minimum tax toward the 80% investment requirement.The Fund 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.The Fund’s Adviser uses fundamental and other investment research techniques to determine what municipal bonds to buy and sell. Fundamental techniques assess a security’s value based on an issuer’s financial profile, management, and business prospects. The Fund uses an interest rate management technique that includes the purchase and sale of U.S. Treasury futures contracts for the purpose of managing the duration, or interest rate risk, of the Fund.
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THMBX - Performance

Return Ranking - Trailing

Period THMBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -4.8% 2.9% 45.15%
1 Yr 4.9% -4.3% 7.6% 22.82%
3 Yr -1.7%* -10.1% 1.5% 42.29%
5 Yr 1.2%* -5.1% 523.7% 39.06%
10 Yr N/A* -0.1% 155.3% N/A

* Annualized

Return Ranking - Calendar

Period THMBX Return Category Return Low Category Return High Rank in Category (%)
2023 3.9% -1.5% 7.5% 15.53%
2022 -17.7% -26.9% -3.5% 58.13%
2021 3.6% -1.9% 5.6% 11.50%
2020 0.1% -10.1% 4.2% 60.61%
2019 6.9% 2.0% 9.1% 13.02%

Total Return Ranking - Trailing

Period THMBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -4.8% 2.9% 45.15%
1 Yr 4.9% -4.3% 7.6% 22.82%
3 Yr -1.7%* -10.1% 1.5% 42.29%
5 Yr 1.2%* -5.1% 523.7% 39.06%
10 Yr N/A* -0.1% 155.3% N/A

* Annualized

Total Return Ranking - Calendar

Period THMBX Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% 0.4% 10.9% 22.82%
2022 -15.0% -26.9% -2.9% 68.47%
2021 6.9% -1.9% 10.0% 17.50%
2020 3.4% -4.1% 8.2% 54.55%
2019 10.2% 3.5% 1028633.9% 17.71%

NAV & Total Return History

THMBX - Holdings

Concentration Analysis

THMBX Category Low Category High THMBX % Rank
Net Assets 37.1 M 9.79 K 16.1 B 97.10%
Number of Holdings 151 1 3076 84.95%
Net Assets in Top 10 4.44 M -102 M 3.44 B 98.06%
Weighting of Top 10 11.96% 4.7% 100.7% 64.39%

Top 10 Holdings

  1. Buckeye Tobacco Settlement Financing Auth., OH Rev. Refg. 1.78%
  2. Massachusetts Transportation Fund Rev. (Rail Enhancement) 1.48%
  3. Virginia Small Business Financing Auth. Rev. Refg. (95 Express Lanes, LLC) 1.27%
  4. New York Transportation Development Corporation Special Fac. Rev. (Terminal 4 John F. Kennedy International Airport) 1.13%
  5. Build NYC Resource Corporation, NY Rev. (Global Community Charter School) 1.11%
  6. Public Finance Auth., WI Rev. (Fargo-Moorhead Metropolitan Area Flood Risk Management) 1.10%
  7. South Charleston, WV Special District Excise Tax Rev. Refg. (South Charleston Park Place) 1.06%
  8. North Carolina Medical Care Commission Retirement Fac. Rev. Refg. (Plantation Village, Inc.) 1.03%
  9. New York City, NY G.O. 1.01%
  10. Allegheny County, PA Airport Auth. Rev. (Pittsburgh International Airport) 0.98%

Asset Allocation

Weighting Return Low Return High THMBX % Rank
Bonds 		98.65% 0.00% 146.69% 53.11%
Cash 		1.37% -0.64% 100.00% 40.29%
Stocks 		0.00% 0.00% 99.38% 91.39%
Preferred Stocks 		0.00% -47.61% 1.89% 88.35%
Convertible Bonds 		0.00% 0.00% 0.00% 89.32%
Other 		-0.02% -12.04% 9.96% 86.89%

Bond Sector Breakdown

Weighting Return Low Return High THMBX % Rank
Municipal 		96.52% 0.00% 100.00% 77.67%
Cash & Equivalents 		0.27% 0.00% 100.00% 38.83%
Securitized 		0.00% 0.00% 22.44% 90.78%
Corporate 		0.00% 0.00% 2.83% 94.66%
Government 		0.00% 0.00% 0.09% 89.81%
Derivative 		-0.02% -12.35% 1.55% 86.89%

Bond Geographic Breakdown

Weighting Return Low Return High THMBX % Rank
US 		98.65% 0.00% 139.84% 47.09%
Non US 		0.00% 0.00% 13.35% 91.75%

THMBX - Expenses

Operational Fees

THMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.21% 3.44% 34.15%
Management Fee 0.50% 0.00% 1.41% 58.37%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.02% 0.02% 0.35% 1.64%

Sales Fees

THMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

THMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

THMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 2.00% 121.00% 78.13%

THMBX - Distributions

Dividend Yield Analysis

THMBX Category Low Category High THMBX % Rank
Dividend Yield 3.82% 0.00% 6.04% 60.29%

Dividend Distribution Analysis

THMBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

THMBX Category Low Category High THMBX % Rank
Net Income Ratio 2.80% 1.11% 5.70% 69.86%

Capital Gain Distribution Analysis

THMBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

THMBX - Fund Manager Analysis

Managers

Johan Åkesson

Start Date

Tenure

Tenure Rank

Feb 28, 2018

4.25

4.3%

Johan Åkesson has been with Thrivent Financial since 1993 and has served as an associate portfolio manager and portfolio manager during various time periods since 1999.

Janet Grangaard

Start Date

Tenure

Tenure Rank

Feb 28, 2018

4.25

4.3%

Grangaard is a portfolio manager with Thrivent Investment Management, her employer since 1988. She initially worked as a securities analyst, and began managing portfolios for the company in 1994. Grangaard holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 21.43 7.46 2.52

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