All or a portion of the dividends earned for the Thrivent Municipal Bond Fund and Thrivent High Income Municipal Bond Fund are exempt from federal income tax. However, all or a portion of these dividends may be taxable at the state or local level. In addition, a portion of the dividends earned by the Fund is also included as a preference item for the Alternative Minimum Tax (AMT) because of the income earned from investment in private-activity municipal bonds.

At Thrivent Mutual Funds, we recommend you consult your tax advisor to make sure you’re getting the most out of your investments. Thrivent Mutual Funds and their representatives cannot provide legal or tax advice.