Thrivent Short-Term Bond Fund Q1 2026 Commentary
The Thrivent Short-Term Bond Fund underperformed its benchmark in Q1 2026. This was primarily due to an overweight in corporate bonds as spreads widened amid economic concerns. Factors such as the impact of AI and private credit exposure to software companies contributed to this underperformance.
- ▪The Thrivent Short-Term Bond Fund underperformed the Bloomberg U.S. Government/Credit 1-3 Year Bond Index by 0.09%.
- ▪The underperformance was largely due to an overweight in corporate bonds as spreads widened.
- ▪Concerns regarding the impact of AI and private credit exposure to software companies were significant drivers of the Fund's performance.
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