Thrivent Municipal Bond Fund Q1 2026 Commentary
The Thrivent Municipal Bond Fund reported a -0.16% return for the first quarter of 2026, slightly outperforming the Bloomberg Municipal Bond Index by 2 basis points. However, over the trailing 12-month period, the fund lagged behind the index, achieving a total return of 3.28% compared to the index's 4.29%. The fund's quarterly performance was supported by a barbell structure with significant allocations at both ends of the yield curve.
- ▪The Thrivent Municipal Bond Fund had a return of -0.16% in Q1 2026.
- ▪It outperformed the Bloomberg Municipal Bond Index by 2 basis points.
- ▪For the trailing 12-month period, the fund's total return was 3.28%, while the index returned 4.29%.
- ▪The fund's performance benefited from a barbell structure with larger allocations to the front and long ends of the yield curve.
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