TMBIX Performance — Thrivent Municipal Bond Fund, Class S
Data updated: 2026-09-29
TMBIX returned +1.13% year to date and +7.11% over one year to Jul 2026. Annualised returns are +3.16% over 3 years and +0.18% over 5 years. Against its Long-Term Municipal Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $110, against $110 for the category, and to $107 over one year, against $106. Volatility over the past three years was 6.91% a year. In the 12 months to Jul 2026 the fund lost a net $36.1M, and assets reached $1.12B.
TMBIX Growth of $100
What $100 invested in Thrivent Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | TMBIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $107 | $106 |
| 3 years (Aug 2023 – Jul 2026) | $110 | $110 |
| 5 years (Aug 2021 – Jul 2026) | $101 | $101 |
| Since data start (Aug 2019 – Jul 2026) | $110 | $110 |
TMBIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.13% |
| 1 year | +7.11% |
| 3 years (annualised) | +3.16% |
| 5 years (annualised) | +0.18% |
TMBIX Annual Returns
Calendar-year total returns of Thrivent Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.13% |
| 2025 | +2.45% |
| 2024 | +2.37% |
| 2023 | +7.13% |
| 2022 | −10.85% |
| 2021 | +2.18% |
| 2020 | +4.98% |
| 2019 (Aug–Dec) | +1.44% |
TMBIX 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 | +0.3% | +1.7% | −2.1% | +1.3% | +0.6% | +1.2% | −1.8% | — | — | — | — | — |
| 2025 | −0.1% | +1.0% | −1.8% | −1.0% | −1.1% | +0.6% | −0.9% | +0.7% | +3.5% | +1.4% | +0.2% | −0.1% |
| 2024 | −0.1% | +0.1% | 0.0% | −1.1% | +0.1% | +1.8% | +0.9% | +0.6% | +1.3% | −1.4% | +1.8% | −1.4% |
| 2023 | +3.6% | −2.6% | +2.0% | +0.1% | −0.7% | +1.0% | +0.2% | −1.4% | −3.5% | −2.1% | +8.0% | +2.9% |
| 2022 | −2.7% | −0.6% | −3.2% | −3.3% | +1.3% | −2.3% | +2.9% | −2.6% | −4.2% | −1.4% | +5.5% | −0.4% |
| 2021 | +0.7% | −1.7% | +0.7% | +1.0% | +0.8% | +0.4% | +0.8% | −0.4% | −0.9% | −0.2% | +1.0% | +0.1% |
| 2020 | +1.8% | +1.5% | −4.1% | −2.1% | +3.2% | +1.2% | +1.7% | −0.4% | −0.1% | −0.3% | +1.7% | +0.9% |
| 2019 | — | — | — | — | — | — | — | +1.8% | −0.7% | 0.0% | +0.1% | +0.3% |
TMBIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 6.91%
- 3-year Sharpe ratio: -0.19 (vs 4.5% risk-free rate)
- Best month: +7.99% (Nov 2023)
- Worst month: −3.52% (Sep 2023)
TMBIX Fund Flows
Monthly money in and out of Thrivent Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$36.1M
- 12-month gross sales (incl. reinvestments): $196.0M
- Sales ÷ redemptions: 0.84×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $14.4M | $16.9M | −$2.5M |
| Jun 2026 | $17.5M | $18.2M | −$643K |
| May 2026 | $17.4M | $15.8M | $1.6M |
| Apr 2026 | $17.2M | $18.9M | −$1.7M |
| Mar 2026 | $17.5M | $21.2M | −$3.7M |
| Feb 2026 | $13.2M | $16.1M | −$2.9M |
| Jan 2026 | $15.7M | $18.9M | −$3.2M |
| Dec 2025 | $26.1M | $26.2M | −$165K |
| Nov 2025 | $11.9M | $16.3M | −$4.3M |
| Oct 2025 | $14.3M | $16.5M | −$2.2M |
| Sep 2025 | $15.4M | $20.6M | −$5.2M |
| Aug 2025 | $15.3M | $26.5M | −$11.2M |
TMBIX Assets Under Management
Net assets of Thrivent Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.12B |
| 2026-04-30 | $1.13B |
| 2026-01-30 | $1.14B |
| 2025-10-31 | $1.15B |
| 2025-07-31 | $1.12B |
| 2025-04-30 | $1.16B |
| 2025-01-31 | $1.20B |
| 2024-10-31 | $1.20B |
| 2024-07-31 | $1.21B |
| 2024-04-30 | $1.22B |
| 2024-01-31 | $1.26B |
| 2023-10-31 | $1.17B |
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.