Thrivent Municipal Bond Fund Quote
| AAMBX Fund | USD 10.15 0.03 0.29% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Thrivent Municipal is trading at 10.15 as of the 19th of April 2024; that is -0.29 percent down since the beginning of the trading day. The fund's open price was 10.18. Thrivent Municipal has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Thrivent Municipal Bond are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of April 2023 and ending today, the 19th of April 2024. Click here to learn more.
Under normal market conditions, the fund invests at least 80 percent of its net assets in municipal bonds, the income of which is exempt from federal income taxation. It may count securities that generate income subject to the alternative minimum tax toward the 80 percent investment requirement.. More on Thrivent Municipal Bond
Moving together with Thrivent Mutual Fund
| 0.84 | THMBX | Thrivent High Me | PairCorr |
Thrivent Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Thrivent Municipal's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Thrivent Municipal or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Thrivent Funds, Muni National Long Funds, Muni National Long, Thrivent Funds, Muni National Long, Muni National Long (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Thrivent Municipal Bond [AAMBX] is traded in USA and was established 19th of April 2024. Thrivent Municipal is listed under Thrivent Funds category by Fama And French industry classification. The fund is listed under Muni National Long category and is part of Thrivent Funds family. This fund presently has accumulated 1.31 B in assets under management (AUM) with no minimum investment requirementsThrivent Municipal Bond is currently producing year-to-date (YTD) return of 0.14% with the current yeild of 0.0%, while the total return for the last 3 years was -1.58%.
Check Thrivent Municipal Probability Of Bankruptcy
Instrument Allocation
Thrivent Municipal Target Price Odds Analysis
Based on a normal probability distribution, the odds of Thrivent Municipal jumping above the current price in 90 days from now is more than 94.0%. The Thrivent Municipal Bond probability density function shows the probability of Thrivent Municipal mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Thrivent Municipal Bond has a beta of -0.0323. This suggests as returns on the benchmark increase, returns on holding Thrivent Municipal are expected to decrease at a much lower rate. During a bear market, however, Thrivent Municipal Bond is likely to outperform the market. Additionally, thrivent Municipal Bond has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Thrivent Municipal to move above the current price in 90 days from now is more than 94.0 (This Thrivent Municipal Bond probability density function shows the probability of Thrivent Mutual Fund to fall within a particular range of prices over 90 days) .
Thrivent Municipal Bond Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Thrivent Municipal market risk premium is the additional return an investor will receive from holding Thrivent Municipal long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Thrivent Municipal. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Thrivent Municipal's alpha and beta are two of the key measurements used to evaluate Thrivent Municipal's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1575 | |||
| Standard Deviation | 0.2343 | |||
| Variance | 0.0549 | |||
| Risk Adjusted Performance | (0.06) |
Thrivent Municipal Against Markets
Picking the right benchmark for Thrivent Municipal mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Thrivent Municipal mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Thrivent Municipal is critical whether you are bullish or bearish towards Thrivent Municipal Bond at a given time. Please also check how Thrivent Municipal's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Thrivent Municipal without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Thrivent Mutual Fund?
Before investing in Thrivent Municipal, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Thrivent Municipal. To buy Thrivent Municipal fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Thrivent Municipal. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Thrivent Municipal fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Thrivent Municipal Bond fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Thrivent Municipal Bond fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Thrivent Municipal Bond, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Thrivent Municipal Bond?
The danger of trading Thrivent Municipal Bond is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Thrivent Municipal is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Thrivent Municipal. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Thrivent Municipal Bond is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Thrivent Municipal Bond. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Thrivent Municipal Bond information on this page should be used as a complementary analysis to other Thrivent Municipal's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.