Morningstar

Thrivent Municipal Bond Fund Class A AAMBX

Morningstar Medalist Rating
Medalist Rating as of | See Thrivent Investment Hub
  • NAV / 1-Day Return 10.14  /  +0.10 %
  • Total Assets 1.1B
  • Adj. Expense Ratio
    0.760%
  • Expense Ratio 0.770%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 3.52%
  • Effective Duration 10.50 years

USD | NAV as of Jun 17, 2026 | 1-Day Return as of Jun 17, 2026, 10:53 PM GMT+0

Morningstar’s Analysis AAMBX

Will AAMBX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AAMBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AAMBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of AAMBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Thrivent Municipal Bond A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings AAMBX

More AAMBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK N Y CITY TRANSITIONAL FIN AUTH BLDG AID REV 5%

1.53 17M
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 4%

1.37 15M
municipal

NEW YORK ST URBAN DEV CORP REV 4%

1.28 14M
municipal

HOUSTON TEX WTR & SWR SYS REV 5.75%

1.04 12M
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 5.25%

0.96 11M
municipal

VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV 5%

0.92 10M
municipal

OHIO ST TPK COMMN TPK REV 5.7%

0.89 10M
municipal

CALIFORNIA EDL FACS AUTH REV 5%

0.85 10M
municipal

NEW JERSEY ST TRANSN TR FD AUTH 4%

0.81 9M
municipal

WEST VA PKWYS AUTH TPK TOLL REV 4%

0.80 9M
municipal

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