TBFIX Performance — Thrivent Government Bond Fund, Class S
Data updated: 2026-09-29
TBFIX returned −0.80% year to date and +2.75% over one year to Jul 2026. Annualised returns are +3.63% over 3 years and −0.01% over 5 years. Against its Intermediate Government Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $111, against $111 for the category, and to $103 over one year, against $103. Volatility over the past three years was 5.61% a year. In the 12 months to Jul 2026 the fund took in a net $9.4M, and assets reached $49.86M.
TBFIX Growth of $100
What $100 invested in Thrivent Government Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Government Bond category average over the same months.
| Period | TBFIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $111 | $111 |
| 5 years (Aug 2021 – Jul 2026) | $100 | $101 |
| Since data start (Aug 2019 – Jul 2026) | $107 | $112 |
TBFIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −0.80% |
| 1 year | +2.75% |
| 3 years (annualised) | +3.63% |
| 5 years (annualised) | −0.01% |
TBFIX Annual Returns
Calendar-year total returns of Thrivent Government Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −0.80% |
| 2025 | +7.30% |
| 2024 | +1.34% |
| 2023 | +4.55% |
| 2022 | −10.51% |
| 2021 | −1.81% |
| 2020 | +7.16% |
| 2019 (Aug–Dec) | +0.99% |
TBFIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.1% | +1.7% | −1.8% | 0.0% | 0.0% | +0.2% | −0.9% | — | — | — | — | — |
| 2025 | +0.6% | +2.2% | +0.1% | +0.7% | −1.0% | +1.6% | −0.5% | +1.5% | +1.0% | +0.5% | +0.7% | −0.2% |
| 2024 | 0.0% | −1.5% | +0.7% | −2.4% | +1.8% | +1.0% | +2.4% | +1.4% | +1.2% | −2.7% | +1.0% | −1.5% |
| 2023 | +3.0% | −2.3% | +2.3% | +0.5% | −0.8% | −0.8% | −0.3% | −0.6% | −2.5% | −1.7% | +4.4% | +3.7% |
| 2022 | −1.4% | −0.6% | −2.4% | −2.5% | +0.4% | −0.9% | +2.0% | −2.5% | −3.9% | −1.4% | +3.0% | −0.7% |
| 2021 | −0.5% | −1.4% | −1.1% | +0.8% | 0.0% | +0.4% | +1.0% | −0.2% | −0.7% | 0.0% | +0.3% | −0.4% |
| 2020 | +2.1% | +2.1% | +1.9% | +0.6% | −0.2% | +0.5% | +0.9% | −0.7% | +0.1% | −0.9% | +0.5% | +0.1% |
| 2019 | — | — | — | — | — | — | — | +2.5% | −0.7% | 0.0% | −0.1% | −0.5% |
TBFIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.61%
- 3-year Sharpe ratio: -0.15 (vs 4.5% risk-free rate)
- Best month: +4.44% (Nov 2023)
- Worst month: −2.67% (Oct 2024)
TBFIX Fund Flows
Monthly money in and out of Thrivent Government Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $9.4M
- 12-month gross sales (incl. reinvestments): $20.8M
- Sales ÷ redemptions: 1.82×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $2.3M | $1.8M | $523K |
| Jun 2026 | $5.1M | $755K | $4.3M |
| May 2026 | $935K | $567K | $368K |
| Apr 2026 | $814K | $880K | −$66K |
| Mar 2026 | $1.3M | $1.0M | $284K |
| Feb 2026 | $760K | $805K | −$46K |
| Jan 2026 | $1.3M | $624K | $660K |
| Dec 2025 | $2.2M | $1.9M | $250K |
| Nov 2025 | $2.0M | $399K | $1.6M |
| Oct 2025 | $2.2M | $1.0M | $1.2M |
| Sep 2025 | $1.1M | $520K | $572K |
| Aug 2025 | $908K | $1.2M | −$304K |
TBFIX Assets Under Management
Net assets of Thrivent Government Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $49.86M |
| 2026-04-30 | $45.40M |
| 2026-01-30 | $45.64M |
| 2025-10-31 | $43.26M |
| 2025-07-31 | $40.91M |
| 2025-04-30 | $40.54M |
| 2025-01-31 | $39.74M |
| 2024-10-31 | $33.96M |
| 2024-07-31 | $30.68M |
| 2024-04-30 | $31.09M |
| 2024-01-31 | $83.76M |
| 2023-10-31 | $80.84M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.