Although this fund has recently slipped in the Morningstar ratings (from an overall 4 stars to 3 stars, which would place it in close to the 60 percentile), a quick ratings check at Ameritrade research produced the same result as previously: Thrivent Municipal Bond was recommended above 4 other funds, all with 4-5 star ratings, most of them no-load, and most with a slightly higher return. (The funds were the muni goliaths run by Vanguard, T. Rowe Price, Fidelity, and T.I.A.A.). Even though Thrivent had the highest expense ratio, its extremely low turnover per year and its high sharpe ratio made it, according to Ameritrade, the best value and the pick of the pack. (Somewhat surprising to me was the 2nd highest expense ratio--T.I.A.A., which handles most of the retirement accounts--401K's, IRAs, etc.--for college teachers. Most of us have been brain-washed into assuming that T.I.A.A. is practically a non-profit service with an unbeatable record operated as a public "service" for America's educators. That myth is beginning to be dispelled.)