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AAMBX Thrivent Municipal Bond A

  • Fund
  • AAMBX
  • Price as of: Dec 14, 2018
  • $10.98
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

AAMBX - Profile

Vitals

  • YTD Return -3.5%
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $1.46 B
  • Holdings in Top 10 14.4%

52 WEEK LOW AND HIGH

$10.98
$10.86
$11.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$1,000

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Distributions

  • YTD Total Return -3.5%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.41%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Thrivent Municipal Bond Fund
  • Fund Family Name Thrivent
  • Inception Date Dec 03, 1976
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Janet I. Grangaard

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in municipal bonds, the income of which is exempt from federal income taxation. It may count securities that generate income subject to the alternative minimum tax toward the 80% investment requirement.

AAMBX - Performance

Return Ranking - Trailing

Period AAMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.5% -13.2% 99.4% 63.43% 5
1 Yr 0.2% -5.8% 10.7% 76.06% 4
3 Yr 1.4% * -4.5% 7.0% 48.28% 3
5 Yr 3.1% * -0.5% 5.8% 30.30% 2
10 Yr 4.4% * 0.0% 8.4% 32.99% 2

* Annualized


Return Ranking - Calendar

Period AAMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.0% -5.3% 5.6% 41.05% 3
2016 -3.4% -8.5% 7.3% 58.63% 5
2015 -0.3% -10.9% 8.8% 34.19% 3
2014 5.8% -10.3% 12.0% 23.29% 2
2013 -7.1% -11.9% 8.7% 55.47% 4

Total Return Ranking - Trailing

Period AAMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.5% -13.2% 99.4% 63.27% 5
1 Yr -4.3% -8.9% 8.9% 94.46% 5
3 Yr -0.1% * -5.4% 7.0% 91.41% 5
5 Yr 2.2% * -1.4% 5.8% 50.79% 3
10 Yr 3.9% * 0.0% 8.4% 43.36% 3

* Annualized


Total Return Ranking - Calendar

Period AAMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.0% -5.3% 5.6% 41.22% 3
2016 -3.4% -8.2% 7.3% 62.39% 5
2015 -0.3% -9.7% 9.3% 47.69% 4
2014 5.8% -10.3% 17.0% 27.50% 2
2013 -7.1% -11.9% 8.9% 59.12% 4

NAV & Total Return History

AAMBX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

AAMBX Category Low Category High AAMBX % Rank Quintile
Net Assets 1.46 B 491 K 58.1 B 14.17% 2
Number of Holdings 496 1 7949 14.03% 2
Net Assets in Top 10 63.2 M -284 M 1.74 B 25.81% 4
Weighting of Top 10 14.4% 0.0% 100.0% 19.03% 3

Top 10 Holdings

  1. MASSACHUSETTS ST HEALTH & EDL FACS AUTH 5.25% 1.29%
  2. METROPOLITAN PIER & EXPOSITION AUTH ILL 1.11%
  3. NEW YORK N Y CITY TRANSITIONAL FIN AUTH 5% 1.08%
  4. NORTH TEX TWY AUTH 5% 1.08%
  5. TEXAS ST 5% 1.03%
  6. NEW YORK N Y CITY TRANSITIONAL FIN AUTH 5% 0.98%
  7. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5.12% 0.96%
  8. WASHINGTON ST 5% 0.90%
  9. HOUSTON TEX 5.75% 0.88%
  10. 2 Year US Treasury Note Future Dec18 5.09%

Asset Allocation

Weighting Category Low Category High AAMBX % Rank Quintile
Bonds
93.82% 0.00% 202.21% 25.44% 5
Other
6.06% -2.77% 31.66% 0.65% 1
Cash
0.11% -110.85% 100.00% 29.52% 5
Stocks
0.00% 0.00% 0.32% 0.97% 5
Preferred Stocks
0.00% 0.00% 9.82% 0.81% 5
Convertible Bonds
0.00% 0.00% 2.29% 0.97% 5

Bond Sector Breakdown

Weighting Category Low Category High AAMBX % Rank Quintile
Municipal
98.91% 0.00% 121.79% 9.68% 2
Cash & Equivalents
0.11% -110.85% 100.00% 28.55% 4
Derivative
0.00% -5.91% 0.85% 0.65% 5
Securitized
0.00% 0.00% 41.80% 2.26% 5
Corporate
0.00% 0.00% 41.51% 5.00% 5
Government
-5.09% -21.73% 117.34% 8.55% 5

Bond Geographic Breakdown

Weighting Category Low Category High AAMBX % Rank Quintile
US
93.80% 0.00% 202.21% 27.26% 4
Non US
0.02% 0.00% 26.08% 13.87% 3

AAMBX - Expenses

Operational Fees

AAMBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.74% 0.08% 4.80% 17.87% 3
Management Fee 0.40% 0.00% 0.65% 3.06% 3
12b-1 Fee 0.25% 0.00% 1.00% 4.40% 3
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

AAMBX Fees (% of AUM) Category Low Category High AAMBX Rank Quintile
Front Load 4.50% 0.50% 5.75% 1.95% 5
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

AAMBX Fees (% of AUM) Category Low Category High AAMBX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AAMBX Fees (% of AUM) Category Low Category High AAMBX Rank Quintile
Turnover 18.00% 0.00% 504.54% 15.30% 2

AAMBX - Distributions

Dividend Yield Analysis

AAMBX Category Low Category High AAMBX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.01% 11.42% 1

Dividend Distribution Analysis

AAMBX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

AAMBX Category Low Category High AAMBX % Rank Quintile
Net Income Ratio 3.41% 0.01% 5.26% 8.05% 1

Capital Gain Distribution Analysis

AAMBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

AAMBX - Managers

Janet I. Grangaard

Manager

Start Date

Apr 30, 2002

Tenure

16.6

Tenure Rank

4.0%

Grangaard is a portfolio manager with Thrivent Investment Management, her employer since 1988. She initially worked as a securities analyst, and began managing portfolios for the company in 1994. Grangaard holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

39.1

Category Average

8

Category Mode

0.5