About TMBIX
Thrivent Municipal Bond Fund Class S is a mutual fund focused on generating a high level of current income that is generally exempt from federal income taxes by investing in a nationally diversified portfolio of municipal bonds. The fund primarily holds investment‑grade securities, supplemented by select unrated issues deemed of comparable quality, and may allocate to lower‑quality bonds to enhance income, accepting higher credit risk and typically longer duration. Its portfolio spans both general obligation bonds, supported by the issuer’s taxing power, and revenue bonds backed by project-specific cash flows, financing public infrastructure such as schools, roads, bridges, sewers, and hospitals. Within Morningstar’s framework, it is characterized as medium credit quality with extensive interest‑rate sensitivity, consistent with its long‑duration municipal mandate. The fund targets broad exposure across states and sectors, aligning with the Muni National Long category, where income is generally federal tax‑exempt and assets are spread to mitigate concentration risk. Key operational details include an expense ratio near one‑half percent and assets around the billion‑dollar mark, reflecting an established presence among tax‑exempt income strategies.
Fund Family Thrivent Funds
Category Muni National Long
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol TMBIX
Share Class Class S
Index Bloomberg Municipal Bond TR
TMBIX had a total return of 4.09% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.44%.
