Morningstar

Thrivent Municipal Bond Fund Class S TMBIX

Morningstar Medalist Rating
Medalist Rating as of | See Thrivent Investment Hub
  • NAV / 1-Day Return 9.83  /  0.00
  • Total Assets 1.1B
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.510%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 3.91%
  • Effective Duration 10.50 years

USD | NAV as of Sep 05, 2026 | 1-Day Return as of Sep 05, 2026, 6:47 AM GMT+0

Morningstar’s Analysis TMBIX

Will TMBIX 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 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Thrivent Municipal Bond S holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings TMBIX

More TMBIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

1.52 17M
municipal

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

1.36 15M
municipal

INDIANA FIN AUTH HEALTH SYS REV 3%

1.32 15M
municipal

NEW YORK ST URBAN DEV CORP REV 4%

1.24 14M
municipal

HOUSTON TEX WTR & SWR SYS REV 5.75%

1.02 11M
municipal

Cash Collateral

0.98 11M
Cash and Equivalents

MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 5.25%

0.95 11M
municipal

VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV 5%

0.94 10M
municipal

OHIO ST TPK COMMN TPK REV 5.7%

0.88 10M
municipal

CALIFORNIA EDL FACS AUTH REV 5%

0.84 9M
municipal

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