TMBIX Fees and Costs — Thrivent Municipal Bond Fund, Class S
Data updated: 2026-09-29
The net expense ratio is 0.50%: a 0.41% management fee plus 0.18% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $78K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 25%.
TMBIX Fees and Expenses
Annual operating expenses and sales charges of TMBIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.41% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.59% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.50% |
| 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 |
TMBIX Costs Over Time
On $10,000 invested in TMBIX, assuming 5% a year before costs, total costs come to $320 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $175 | $320 |
| Value after costs | $10,447 | $11,401 | $12,443 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
TMBIX 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): 0.0067%
- Total broker commissions: $78K
- Bought from dealers (principal trades, not a cost): $553.7M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
TMBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $36K | 46.45% |
| MORGAN STANLEY & CO. LLC | $12K | 15.05% |
| SAMUEL A RAMIREZ & CO., INC. | $11K | 14.49% |
| B.C. ZIEGLER AND COMPANY | $11K | 13.53% |
| BOFA SECURITIES, INC. | $8K | 10.48% |
TMBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $395.6M | 77.61% |
| Middlegate Securities Inc. | $23.4M | 4.59% |
| J.P. MORGAN SECURITIES LLC | $22.3M | 4.37% |
| SAMUEL A RAMIREZ & CO., INC. | $17.1M | 3.35% |
| GOLDMAN SACHS & CO. LLC | $11.3M | 2.23% |
| WELLS FARGO SECURITIES, LLC | $9.6M | 1.89% |
| RAYMOND JAMES & ASSOCIATES, INC. | $9.5M | 1.86% |
| ROBERT W. BAIRD & CO. INCORPORATED | $8.1M | 1.60% |
| LOOP CAPITAL MARKETS | $6.6M | 1.29% |
| MORGAN STANLEY & CO. LLC | $6.2M | 1.22% |
Thrivent Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TMBIX | Class S | 0.50% | none |
| AAMBX | Class A | 0.76% | 4.50% |
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.