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Morningstar

Thrivent Municipal Bond S TMBIX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 10.34  /  0.01 %
  • Total Assets 1.4 Bil
  • Adj. Expense Ratio
    0.540%
  • Expense Ratio 0.540%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 3.19%
  • Effective Duration —

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:15 PM GMT+00:00

Morningstar’s Analysis TMBIX

Will TMBIX outperform in 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 TMBIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the TMBIX 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 TMBIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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A decline in People Pillar rating is the primary driver of Thrivent Municipal Bond S's downgrade to a Morningstar Quantitative Rating of Bronze from Silver. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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