Thrivent Municipal Bond AAAMBX

Morningstar Rating

Fund Research and Analysis

by Courtney Goethals Dobrow

Thrivent Municipal Bond charts a steady, even course.

Manager Janet Grangaard considers this offering a sleep-at-night fund, and her assessment is accurate. This is evident in things like the fund's tilt toward higher credit quality than most and an Read more

Kudos

Seasoned management team.

Reasonable expense ratio.

Fund has made minimal capital gains distributions since 1993.

Muted volatility. Read more

Risks

Although it hasn't been the case lately, this fund has parked more in midquality bonds than its typical peer in the past, which introduces some credit risk. Read more

Strategy

This fund focuses on high-quality bonds in an effort to maximize total and aftertax returns without sacrificing a decent income stream. The fund's turnover tends to be on the low side, part of the recipe Read more

Management

Janet Grangaard, who ran Lutheran Brotherhood Municipal Bond from January 1994 through January 2000, took the reins of that fund again in April 2002 and also took the helm at AAL Municipal Bond. Those funds merged in 2004 and were renamed under the Read more

Inside Scoop

Using a low-turnover approach, management focuses on high- to mid-quality bonds and eschews big interest-rate and sector bets. It has churned out solid returns while limiting Read more

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