Summary
- Thrivent Multisector Bond Fund had a net return of 1.66% in the first quarter, which underperformed Morningstar’s Multisector Bond category average.
- The Fund underperformed Morningstar’s Multisector Bond category average over the past year with a net return of 5.98% as compared to 6.36% for the category.
- We continue to favor high-quality bonds such as investment-grade corporates and agency mortgage-backed securities along with a modestly long duration position relative to peers.
Performance factors
In the first quarter of 2025, the Fund underperformed Morningstar’s Multisector Bond category average with a net return of 1.66% compared to 1.82% for the category. Fund absolute returns were positive primarily due to a decrease in interest rates. The
Select quarterly mutual fund commentaries.
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