TAX RESOURCE CENTER
For state income tax purposes, several states allow “pass-through” treatment of mutual fund and ETF dividends derived from interest on U.S. government obligations. To calculate the number of dividends qualifying for pass-through treatment, multiply the amount in Box 1a of your Form 1099-DIV by the percentages that apply to your state.
The types of government securities that qualify for such treatment vary by state. Please consult with a tax professional to determine which, if any, of the obligations listed in the following table may be exempt from your state income tax.
We recommend for you to consult with a legal and/or tax professional for specific information regarding your individual situation. Thrivent Mutual Funds and Thrivent ETF Trust and their representatives cannot provide legal or tax advice.
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 5.93% |
| U.S. Government Agencies Total | 7.34% |
Federal Agricultural Mortgage Corporation |
0.12% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.65% |
Federal Home Loan Bank |
2.52% |
Federal Home Loan Mortgage Corporation |
1.43% |
Federal National Mortgage Association |
2.48% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.00% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
0.14% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 7.09% |
| U.S. Government Agencies Total | 20.37% |
Federal Agricultural Mortgage Corporation |
0.02% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.15% |
Federal Home Loan Bank |
0.63% |
Federal Home Loan Mortgage Corporation |
4.69% |
Federal National Mortgage Association |
14.75% |
Government National Mortgage Association |
0.09% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.01% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
0.03% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 6.73% |
| U.S. Government Agencies Total | 13.52% |
Federal Agricultural Mortgage Corporation |
0.05% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.28% |
Federal Home Loan Bank |
1.04% |
Federal Home Loan Mortgage Corporation |
2.98% |
Federal National Mortgage Association |
9.11% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.00% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
0.06% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 7.67% |
| U.S. Government Agencies Total | 5.06% |
Federal Agricultural Mortgage Corporation |
0.02% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.43% |
Federal Home Loan Bank |
2.76% |
Federal Home Loan Mortgage Corporation |
0.98% |
Federal National Mortgage Association |
0.87% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.00% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
0.00% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 30.88% |
| U.S. Government Agencies Total | 49.25% |
Federal Agricultural Mortgage Corporation |
1.33% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.24% |
Federal Home Loan Bank |
3.07% |
Federal Home Loan Mortgage Corporation |
24.25% |
Federal National Mortgage Association |
18.72% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.00% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
1.58% |
U.S. International Development Finance Corporation |
0.06% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 5.32% |
| U.S. Government Agencies Total | 2.10% |
Federal Agricultural Mortgage Corporation |
0.00% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.03% |
Federal Home Loan Bank |
0.17% |
Federal Home Loan Mortgage Corporation |
1.80% |
Federal National Mortgage Association |
0.04% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.00% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.06% |
U.S. International Development Finance Corporation |
0.00% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 1.71% |
| U.S. Government Agencies Total | 2.00% |
Federal Agricultural Mortgage Corporation |
0.05% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.27% |
Federal Home Loan Bank |
1.00% |
Federal Home Loan Mortgage Corporation |
0.33% |
Federal National Mortgage Association |
0.29% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.00% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
0.06% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 8.93% |
| U.S. Government Agencies Total | 9.36% |
Federal Agricultural Mortgage Corporation |
0.11% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.51% |
Federal Home Loan Bank |
1.67% |
Federal Home Loan Mortgage Corporation |
2.15% |
Federal National Mortgage Association |
4.80% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.00% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
0.12% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 5.99% |
| U.S. Government Agencies Total | 6.92% |
Federal Agricultural Mortgage Corporation |
0.12% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.60% |
Federal Home Loan Bank |
1.91% |
Federal Home Loan Mortgage Corporation |
1.49% |
Federal National Mortgage Association |
2.66% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.00% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
0.14% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 11.74% |
| U.S. Government Agencies Total | 12.34% |
Federal Agricultural Mortgage Corporation |
0.09% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.44% |
Federal Home Loan Bank |
1.42% |
Federal Home Loan Mortgage Corporation |
2.70% |
Federal National Mortgage Association |
7.59% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.00% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
0.10% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 29.69% |
| U.S. Government Agencies Total | 55.63% |
Federal Agricultural Mortgage Corporation |
4.39% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
18.67% |
Federal Home Loan Bank |
26.36% |
Federal Home Loan Mortgage Corporation |
1.74% |
Federal National Mortgage Association |
0.88% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.00% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
3.59% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 5.31% |
| U.S. Government Agencies Total | 8.31% |
Federal Agricultural Mortgage Corporation |
0.02% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.12% |
Federal Home Loan Bank |
0.25% |
Federal Home Loan Mortgage Corporation |
2.98% |
Federal National Mortgage Association |
4.91% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.01% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
0.02% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 5.81% |
| U.S. Government Agencies Total | 1.02% |
Federal Agricultural Mortgage Corporation |
0.00% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.04% |
Federal Home Loan Bank |
0.13% |
Federal Home Loan Mortgage Corporation |
0.41% |
Federal National Mortgage Association |
0.44% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.00% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
0.00% |
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| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 17.20% |
| U.S. Government Agencies Total | 21.95% |
Federal Agricultural Mortgage Corporation |
0.00% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.00% |
Federal Home Loan Bank |
0.00% |
Federal Home Loan Mortgage Corporation |
16.19% |
Federal National Mortgage Association |
5.69% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.07% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
0.00% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 0.76% |
| U.S. Government Agencies Total | 0.00% |
Federal Agricultural Mortgage Corporation |
0.00% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.00% |
Federal Home Loan Bank |
0.00% |
Federal Home Loan Mortgage Corporation |
0.00% |
Federal National Mortgage Association |
0.00% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.00% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
0.00% |
| Type of government obligation | Percentage |
|---|---|
| Type of government obligation | Percentage |
| U.S. Treasury Bonds | 8.64% |
| U.S. Government Agencies Total | 2.38% |
Federal Agricultural Mortgage Corporation |
0.00% |
Federal Deposit Insurance Corporation |
0.00% |
Federal Farm Credit Bank |
0.00% |
Federal Home Loan Bank |
0.04% |
Federal Home Loan Mortgage Corporation |
1.10% |
Federal National Mortgage Association |
1.12% |
Government National Mortgage Association |
0.00% |
Housing and Urban Development |
0.00% |
Overseas Private Investment Corporation |
0.00% |
Resolution Funding Corporation |
0.00% |
Student Loan Marketing Association |
0.12% |
Small Business Administration |
0.00% |
Small Business Investment Companies |
0.00% |
Tennessee Valley Authority |
0.00% |
U.S. International Development Finance Corporation |
0.00% |