How to buy mutual funds from Thrivent

We’re delighted you’re considering Thrivent Mutual Funds. No matter how you buy, we’re here to help you invest with confidence.

Buy online through Thrivent Funds

You can open an account and purchase funds right on our site.

Why buy online?

  • Set up an account starting with as little as $50 per month1
  • Access your online account at your convenience.
  • Purchase funds without transaction fees or sales charges.

 

Buy through a financial professional

Need more guidance? Ask your financial professional about Thrivent Mutual Funds.

Why work with a financial professional?

  • Receive investment help from an experienced professional.
  • Build a relationship through in-person meetings.
  • Get help planning for life’s goals such as saving and retirement.

Additional fees may apply, when working with a financial professional.

 

Buy through an investment account

Our funds can be purchased through other online brokerage platforms. Search for Thrivent Mutual Funds when making your selections.

Why buy through a brokerage account?

  • Add Thrivent Mutual Funds to investments within your existing portfolio.
  • Take advantage of your account to keep your investments in one place.

Additional fees may apply.

 


Not quite ready?

We want you to invest your money wisely and with confidence. Here are some other options that may help you.

 

Need more help?

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Visit our support page

 

New accounts with a minimum investment amount of $50 are offered through the Thrivent Mutual Funds "automatic purchase plan." Otherwise, the minimum initial investment requirement is $2,000 for non-retirement accounts and $1,000 for IRA or tax-deferred accounts, minimum subsequent investment requirement is $50 for all account types. Account minimums for other options vary.

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Thrivent Municipal Bond Fund —
Class S
TMBIX
Thrivent Municipal Bond Fund
Class
Risk profile
Conservative Aggressive

Morningstar Fixed Income Style Box

Interest Rate Sensitivity:
N/A
Credit Quality:
N/A
 
Inception date
10/31/1997
As of
Net asset value
N/A
Daily NAV change
$N/A
As of N/A
YTD return
-8.23%
1-year return
-7.50%
As of 05/31/2022
Net annual fund operating expenses
0.54%
As of
Sales charge
None
As of

Thrivent Municipal Bond Fund seeks a high level of current income exempt from federal income taxes, consistent with capital preservation.

This fund invests in a nationally-diversified portfolio of investment grade municipal bonds. A municipal bond is a debt security issued by a city, county or state government to finance its capital expenditures. These bonds often finance public projects such as schools, roads, bridges, sewers or hospitals. Municipal bonds are exempt from federal income taxes. The Fund generally holds investment-grade bonds and unrated bonds that the Fund’s investment adviser determines to be of comparable quality. The Fund may invest in lower quality bonds that may have a higher yield but more credit risk and longer duration than investment-grade bonds. It invests in both general obligation bonds that are backed by the taxing authority of the issuer, and revenue bonds that are repaid from the revenues generated by the project. Municipal bonds typically have a longer duration and more interest-rate risk than other corporate bonds.

The Fund may be suitable for investors who:

  • Seek income that is generally exempt from federal income taxes.  The Fund may invest in municipal securities that are subject to state and local taxes and/or the alternative minimum tax (AMT). While the dividends earned on a municipal bond fund are usually federally tax-exempt, any capital gains distributions, as well as realized capital gains from selling fund shares, may be taxable.
  • Have a medium- to long-term investment time horizon and a moderately conservative risk tolerance.
  • Are willing to accept lower long-term returns in order to have a low to moderate level of risk and volatility.
Fund management

Our seasoned team of more than 130 investment professionals brings their deep expertise to managing each fund so you can feel confident in the choices you’re making. More than 75% have at least 10 years of experience, more than 45% have more than 20 years of investment experience, and more than 80% have earned the Chartered Financial Analyst designation, an advanced degree, or both.

  • Johan Å. Åkesson, CFA
    Johan Å. Åkesson, CFA
    Senior Portfolio Manager
    Managing this fund since 2022

    Mr. Åkesson joined Thrivent in 1993, and has served as portfolio manager and associate portfolio manager during various time periods since 1999. Read more.


Performance

Performance data cited represents past performance and should not be viewed as an indication of future results. Investment return and principal value of the investment will fluctuate so that an investor's shares, when redeemed may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted.


Average Annualized Returns

as of 05/31/2022
0.54% Total annual fund operating expenses
See data by:

Yields

as of 05/31/2022
12 Month Distribution
3.04%
30 Day SEC
2.89%
Monthly Distribution
3.02%

Taxable-Equivalent Yield

as of 05/31/2022
The yield an investor would need to earn on a taxable bond in order for its yield to be equivalent to a tax free investment.
Federal Tax Bracket Taxable-Equivalent 12-Month Taxable-Equivalent 30 Day SEC Taxable-Equivalent 30 Day Distribution
12.00% 3.45% 3.28% 3.43%
22.00% 3.90% 3.71% 3.87%
24.00% 4.00% 3.80% 3.97%
32.00% 4.47% 4.25% 4.44%
38.80% 4.97% 4.72% 4.93%
40.80% 5.14% 4.88% 5.10%
The two highest tax brackets (38.8% and 40.8%) include the additional 3.8% Net Investments Income Tax (commonly referred to as the "Medicare Contribution Tax".)

Growth of 10K

as of 05/31/2022
$12,611
Total market value
$3,720
Current value of reinvested dividends and capital gains

Calendar year performance

as of 05/31/2022

Characteristics

Performance data cited represents past performance and should not be viewed as an indication of future results. Investment return and principal value of the investment will fluctuate so that an investor's shares, when redeemed may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted.


Holdings breakdown

as of 05/31/2022
Total number of holdings
511
Turnover ratio (as of 04/29/2022)
32%

Top 10 States

as of 04/29/2022
58.77%
of total assets
State
%
New york
10.05%
California
9.83%
Texas
9.26%
Illinois
6.31%
Ohio
4.88%
Colorado
4.66%
Florida
4.05%
Massachusetts
3.49%
Virginia
3.13%
Minnesota
3.11%

Fund Diversification

as of 03/31/2022
N/A
N/A
  • Transportation
    23.70%
  • Education
    19.37%
  • Health Care
    17.18%
  • Special Tax Revenue
    12.55%
  • Utilities
    11.11%
  • Pre-refunded
    5.90%
  • Local/State Government
    5.29%
  • Tobacco Settlement
    1.74%
  • Industrial Revenue
    1.34%
  • Cash
    1.15%
  • Housing
    .38%
  • Miscellaneous
    .31%



Credit quality rating distribution

as of 05/31/2022
N/A
N/A
Bond type
% of total
  • High Quality (HQ) Bonds
    95.94%
  • Cash
    1.65%
  • U.S. Government Guaranteed
    .00%
  • AAA
    12.42%
  • AA
    42.24%
  • A
    24.47%
  • BBB
    15.16%
Bond type
% of total
  • High Yield (HY) Bonds
    1.04%
  • BB
    1.04%
  • B
    .00%
  • CCC
    .00%
  • CC
    .00%
  • C
    .00%
  • D
    .00%
  • Non-Rated (NR) Bonds
    3.04%
  • May be HQ/HY/NR Bonds
    .00%
  • ETFs/Closed-End Funds
    .00%

Ratings

Morningstar

as of 05/31/2022
Category: Muni National Long
Morningstar Information
Funds in category
Overall
151
3-Year
151
5-Year
126
10-Year
98
Risk vs. category
Below Average
151
Return vs. category
Average
151

Morningstar ratings are calculated based on risk-adjusted return.


Distributions

as of 05/31/2022
Dividends Month End Nav
June 2021 $0.0316 $11.69
July 2021 $0.0266 $11.76
August 2021 $0.0283 $11.68
September 2021 $0.0260 $11.55
October 2021 $0.0255 $11.50
November 2021 $0.0275 $11.59
December 2021 $0.0267 $11.58
January 2022 $0.0266 $11.24
February 2022 $0.0241 $11.15
March 2022 $0.0267 $10.77
April 2022 $0.0247 $10.39
May 2022 $0.0278 $10.50

Trailing 12-Months; Dividend Schedule: Declared Daily, Paid Monthly


Capital gains - trailing 12 months

as of 05/31/2022
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 0.54%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.54%
Redemption Fee None
Transaction Fee None
Low Balance Fee $10 semiannually
Front-End Sales Charge None
Back-End Sales Charge None

Minimum investment

Initial for non-retirement accounts $2,000
Initial for retirement or tax deferred accounts $1,000
Additional Purchases $50
Initial minimums are waived when a recurring investment of $50 or more is set up

Documents

Title Download View
Prospectus & Fund Documents -
Fund Facts -
Fund Commentary -
Schedule of Investments -
Annual Proxy Voting -

Due to rounding, some values may not total 100%.

Strategy

The portfolio management team seeks to add value through security selection and active management, and monitors risk in an effort to build a well-diversified portfolio. The team uses fundamental, quantitative and technical investment research techniques to determine which securities to buy and sell. Through rigorous credit research, the analysts seek to identify high-quality municipal bonds that are issued by financially-sound entities with strong fundamentals and adequate cash flows to meet their principal and interest obligations. The team may also invest in Treasury futures contracts to manage interest rate risk. The portfolio manager is responsible for portfolio construction and risk management and seeks to invest with a very prudent level of risk. The Fund’s holdings are well-diversified both geographically and across sectors.

Risk

Municipal bonds may be affected by political or economic conditions at the state, regional or federal level. Debt securities are subject to risks such as declining prices during periods of rising interest rates and credit risk, or the risk that an issuer may not pay its debt. Changes in federal income tax laws or rates may affect both the net asset value of the Fund and the taxable equivalent interest generated from securities in the fund. Some issues may be subject to state and local taxes and/or the federal and state alternative minimum tax (AMT). Consult a tax advisor for more information about your specific situation, including state/local tax treatment. The use of futures contracts involves additional risks such as a loss in value in the underlying instrument, which could decrease the Fund’s value. The London Interbank Offered Rate (LIBOR) is being phased out, which brings uncertainty to instruments tied to it. Markets may also be impacted by domestic or global events, including public health threats, terrorism, natural disasters or similar events. When bond inventories are low in relation to the market size, there is the potential for decreased liquidity and increased price volatility. High yield securities are subject to increased credit risk as well as liquidity risk. The Adviser's assessment of investments and ESG considerations may prove incorrect, resulting in losses or poor performance. In unusual circumstances, the Fund could experience a loss when selling portfolio securities to meet redemption requests for a variety of reasons. These and other risks are described in the prospectus.