About TBFIX
Thrivent Government Bond Fund Class S is an actively managed mutual fund that focuses on providing total return while emphasizing preservation of capital. The fund primarily invests in U.S. government bonds, encompassing securities issued or guaranteed by the U.S. Treasury and various federal agencies, such as the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA), and Federal Home Loan Mortgage Corporation (FHLMC). Its holdings may include U.S. Treasuries, Treasury Inflation Protected Securities (TIPS), agency bonds, and mortgage-backed securities, enabling the fund to offer credit quality considered high within the fixed income sector.
As an intermediate government bond fund, it typically maintains an effective duration around six years, balancing interest rate sensitivity with the stability associated with government-backed debt. The fund is designed to exhibit lower correlation to equities, and may help diversify a broader portfolio, especially during periods when risk appetite wanes in equity or corporate bond markets. By maintaining a portfolio heavily weighted toward government securities, the fund seeks to deliver consistent income and stability for investors seeking lower-risk fixed income exposure.
Fund Family Thrivent
Category Intermediate Government
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol TBFIX
Share Class Class S
Index Bloomberg U.S. Treasury TR
TBFIX had a total return of -0.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.34%.
