Abstract
Thrivent Municipal Bond Fund underperformed the Bloomberg Municipal Bond Index by -.73% within the first quarter of 2025. For the trailing 12 months the Fund outperformed the Index by .18%.The municipal market underperformed within the longer maturity bonds vs the Treasury market attributable to political uncertainty emanating from Washington D.C. mixed with massive provide and decrease demand from conventional consumers of long-dated municipal bonds.The Federal Reserve (Fed) moved to a wait and see method because it turned clear that it was getting tougher to undertaking the trajectory of the economic system.The municipal market didn’t take part within the Treasury rally within the longer-term maturities, inflicting a major cheapening of the municipal to Treasury ratios.
Dzmitry Skazau
Efficiency components
For the quarter the Fund underperformed the Bloomberg Municipal Index returning -.95% vs -.22%, for the Index. The portfolio outperformed the Bloomberg index for the trailing 12-month interval ending March 31 by .18%.
The Fund’s
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