THMBX Fees and Costs — Thrivent High Income Municipal Bond Fund, Class S
Data updated: 2026-09-29
The net expense ratio is 0.59%: a 0.50% management fee plus 0.64% other expenses, less a 0.55% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $22K in broker commissions, 0.0462% of average net assets, and portfolio turnover was 43%.
THMBX Fees and Expenses
Annual operating expenses and sales charges of THMBX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.64% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.55% |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
THMBX Costs Over Time
On $10,000 invested in THMBX, assuming 5% a year before costs, total costs come to $401 over 5 years, cutting the return by 0.67% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $220 | $401 |
| Value after costs | $10,433 | $11,357 | $12,362 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
THMBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0462%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $44.3M
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
THMBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $5K | 23.40% |
| PIPER SANDLER & CO. | $4K | 20.47% |
| J.P. MORGAN SECURITIES LLC | $3K | 14.70% |
| BOFA SECURITIES, INC. | $2K | 7.31% |
| RAYMOND JAMES & ASSOCIATES, INC. | $2K | 7.31% |
| KEYBANC CAPITAL MARKETS | $1K | 5.85% |
| HUNTINGTON SECURITIES, INC. | $1K | 5.79% |
| CABRERA CAPITAL | $1K | 5.26% |
| MORGAN STANLEY & CO. LLC | $1K | 5.22% |
| RBC CAPITAL MARKETS, LLC | $1K | 4.68% |
THMBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $32.8M | 80.94% |
| MORGAN STANLEY & CO. LLC | $1.6M | 3.83% |
| PIPER SANDLER & CO. | $1.6M | 3.83% |
| GOLDMAN SACHS & CO. LLC | $891K | 2.20% |
| HERBERT J. SIMS & CO, INC. | $846K | 2.09% |
| J.P. MORGAN SECURITIES LLC | $674K | 1.66% |
| D. A. DAVIDSON & CO. | $649K | 1.60% |
| UBS SECURITIES LLC | $546K | 1.35% |
| RAYMOND JAMES & ASSOCIATES, INC. | $513K | 1.27% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $503K | 1.24% |
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.