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Q & A Changes to Thrivent Partner International Stock Fund
On February 28, 2007, Principal Global Investors will replace T. Rowe
Price as the international growth manager in the Thrivent Partner
International Stock Fund. Mercator Asset Management will continue
to manage the international value portion of the Fund.
Q. Why are you changing the manager?
A. Although T. Rowe Price has produced positive absolute returns,
the Fund’s performance has lagged behind that of its peers. To
meet Thrivent Asset Investment Management’s goal of providing
clients with consistent, competitive performance, we felt that
a manager change was necessary.
Q. Why did you choose Principal Global Investors?
A. We believe that Principal will be an excellent complement
to Mercator’s style. Mercator seeks attractive, undervalued
securities with solid earnings prospects. Principal looks for
companies that show improving and sustainable business
fundamentals, rising investor expectations, and attractive relative
valuations. By combining these two strategies, we believe that
the Fund will be able to weather many market conditions.
Q. Who is Principal Global Investors?
A. Principal Global Investors is a diversified asset management
organization and a member of Principal Financial Group®.
The firm’s capabilities encompass developed and emerging
equity markets worldwide across a range of style and
capitalization mandates.
Q. What is Principal’s strategy for managing assets?
A. Principal’s portfolio investment philosophy is based on
the belief that superior stock selection and disciplined risk
management provide consistent outperformance. The portfolio
focuses on companies with improving and sustainable business
fundamentals, rising investor expectations and attractive
relative valuations. Stock selection is the primary driver
of relative performance, and Principal seeks to neutralize
unintended portfolio risks.
Q. Did you consider other management firms?
A. Thrivent went through a very rigorous process of interviewing
and researching several of the most sophisticated investment
management firms available. In addition, we hired an external
consultant to help with the interview and selection process.
Q. What type of experience does Principal have
managing international growth strategies?
A. Principal has been actively managing international equities
since 1987, and manages over $13 billion in international
equity assets and $1.8 billion in international growth equity
mutual funds, subadvisory and separate account assets. They
have managed international growth equities since 2000 and
currently employ 34 experienced international equity
professionals.
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Investing in a mutual fund involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the investment company which investors should read and consider carefully before investing. Download a prospectus or learn more about the fund.
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Thrivent Investment Management launches new Diversified Income Plus Fund
It’s a known fact that today’s retirees and baby boomers have the very real problem of potentially outliving their retirement savings. They will be more active and spend more on everything from travel to health care. But unlike previous generations who could rely on pensions and Social Security, today’s retiree will likely count on personal savings and investments to help achieve a rewarding and financially secure retirement.
When income matters most, Thrivent Investment Management provides a simple solution
Thrivent Investment Management has launched the Thrivent Diversified Income Plus Fund: A Simple Choice for Retirement Income™. The Fund seeks to provide steady monthly income, principal protection and growth potential. The Fund brings these objectives together in three key features:
- Diversified: A professionally managed strategy that can provide investors with principal protection by diversifying the investment across multiple income-producing asset classes.*
- Income: A sophisticated investment approach that provides an optimal mix of asset classes aimed at generating ongoing income for you. It would be difficult and time-consuming for investors to achieve this level of income on their own.
- Plus: Monitoring and periodic reallocation of the Fund helps ensure the right mix of asset classes continues working for investors – providing the opportunity for growth to protect against inflation.
The portfolio management team for the Thrivent Diversified Income Plus Fund is led by Mark Simenstad, CFA, head of Fixed Income Mutual Funds, and is made up of experienced investment professionals who follow an active approach in managing the Fund. This style seeks to optimize fund performance even as market conditions change. The experienced investment managers screen, select and monitor an optimal set of asset classes that make up the Fund and determine the percentage of the Fund that should be invested in each asset class. By applying quantitative and qualitative models, they continually evaluate the asset class mix to determine whether it is still appropriate based on the current market outlook, the Fund’s objectives and ongoing performance. Adjustments are made as needed in response to ever-changing market conditions, which keeps the Fund on track to help achieve investors’ income goals.
Talk to your registered representative about your current financial situation, your long-term goals, and risk tolerance level. Together, you and your representative can decide if the Thrivent Diversified Income Plus Fund should be part of your investment program.
* Diversification is no guarantee against loss.
Investing in a mutual fund involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the investment company which investors should read and consider carefully before investing. Download a prospectus or learn more about the fund.
Thrivent Investment Management launches four asset allocation funds
On June 30, 2005, Thrivent Investment Management launched the Thrivent Asset Allocation Funds: A Simple Choice for Smart Investing™. These four funds were designed to provide a simple investment solution that gives you the benefit of important investment principles. The Thrivent Asset Allocation Funds help you minimize risk and maximize reward through four key features:
Allocation — Each fund consists of a different mix of securities allocated to meet the specific goals of the fund. The mix of securities is determined according to different risk temperaments, ranging from moderately conservative to aggressive.
Diversification —The mix of underlying funds creates diversification, which helps provide balance in your portfolio.
Reallocation — The different types of investments within the funds are evaluated quarterly and adjusted as needed, based on Thrivent Investment Management’s market outlook.
Ongoing Advice — Our advice-based approach is focused on developing a solution that is right for you.
The Thrivent Asset Allocation Funds range from moderately conservative to aggressive to meet your unique goals and risk comfort level. Whether it’s saving for a child’s education, planning for retirement, or preserving and transferring wealth, your portfolio should be carefully managed by someone who is committed to finding the right solution for you.
Talk to your registered representative about your current financial situation, your long-term goals, and risk comfort level. Together, you and your representative can decide if the Thrivent Asset Allocation Funds should be part of your investment program.
Investing in a mutual fund or variable insurance product involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the investment company which investors should read and consider carefully before investing. Download a prospectus.
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Thrivent Investment Management announces two fund/portfolio name changes effective December 30
On December 30, 2004, the name of the Thrivent Partner High Yield Fund will be changed to Thrivent High Yield Fund II, and the name of the Thrivent Partner High Yield Portfolio will be changed to Thrivent High Yield Portfolio II. These name changes are being made to reflect that earlier this year, Thrivent Investment Management removed the subadvisor for this fund and portfolio and brought the advisory process in house. The changes make the names consistent with our other funds and portfolios; the term “partner” is used only when an outside subadvisor is involved. Shareholders will see the new name on the statements dated Dec. 31, 2004.
Investing in a mutual fund or variable insurance product involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the investment company which investors should read and consider carefully before investing. Download a prospectus.
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Thrivent Mutual Funds Capital Gains for 2004
To help with your 2004 tax planning, we are providing the per-share distributions for the Thrivent Mutual Funds that had distributions by December 2004.
| 6/30/2004 to shareholders of record on 6/29/2004 |
| Fund (A Shares unless otherwise noted) |
Short-Term Capital Gain |
Long-Term Capital Gain |
Total Capital Gains
Distribution Per Share |
Thrivent Small Cap Stock Fund
(Formerly The AAL Small Cap Stock Fund) |
$0.503340000 |
$0.450990000 |
$0.954326200 |
Thrivent Small Cap Index Fund
(Formerly The AAL Small Cap Index II Fund) |
-- |
$0.500910030 |
$0.500910030 |
Thrivent Partner Small Cap Value Fund
(Formerly The AAL Small Cap Value Fund) |
$0.059940000 |
$0.271513000 |
$0.335069670 |
Thrivent Mid Cap Index Fund I (I Shares)
(Formerly The AAL Mid Cap Index Fund) |
$0.049890000 |
$0.272270000 |
$0.322158770 |
Thrivent Core Bond Fund
(Formerly The AAL Bond Fund) |
-- |
$0.009939250 |
$0.009939250 |
Thrivent Bond Index Fund (I Shares)
(Formerly The AAL Bond Index Fund) |
$0.013319770 |
-- |
$0.013319770 |
Thrivent U.S. Target 2006 Fund
(Formerly The AAL U.S. Target 2006 Fund) |
-- |
$0.052638920 |
$0.052638920 |
| 7/14/2004 to shareholders of record on 7/13/2004 |
| Fund (A Shares unless otherwise noted) |
Short-Term Capital Gain |
Long-Term Capital Gain |
Total Capital Gains
Distribution Per Share |
Thrivent Large Cap Stock Fund
(Formerly The AAL Capital Growth Fund) |
-- |
$ 5.439190000 |
$5.439190000 |
| LB Municipal Bond Fund |
-- |
$ 0.026000000 |
$0.026000000 |
| 12/20/2004 to shareholders of record on 12/17/2004 |
| Fund (A Shares unless otherwise noted) |
Short-Term Capital Gain |
Long-Term Capital Gain |
Total Capital Gains
Distribution Per Share |
Thrivent Partner Small Cap Value Fund
(formerly The AAL Small Cap Value Fund) |
$0.395860000 |
$1.452020000 |
$1.847880000 |
Thrivent Small Cap Stock Fund
(formerly The AAL Small Cap Stock Fund) |
$0.031220000 |
$0.658590000 |
$0.689810000 |
Thrivent Small Cap Index Fund
(formerly The AAL Small Cap Index Fund II) |
-- |
$0.095220000 |
$0.095220000 |
Thrivent Mid Cap Index Fund
(formerly The AAL Mid Cap Index Fund II) |
-- |
$0.050740000 |
$0.050740000 |
Thrivent Mid Cap Index Fund - I
(formerly The AAL Mid Cap Index Fund) |
-- |
$0.387090000 |
$0.387090000 |
Thrivent Balanced Fund
(formerly The AAL Balanced Fund) |
-- |
$0.181290000 |
$0.181290000 |
Thrivent Limited Maturity Bond Fund
(formerly LB Limited Maturity Bond Fund) |
-- |
$0.029170000 |
$0.029170000 |
Thrivent U.S. Target 2006 Fund
(Formerly The AAL U.S. Target 2006 Fund) |
-- |
$0.077270000 |
$0.077270000 |
Thrivent Financial for Lutherans and its respective associates and employees cannot provide legal, accounting, or tax advice or services. For complete details, work with your team of professionals, including your Thrivent Financial representative, and your attorney or tax professional.
Investing in a mutual fund involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the fund which investors should read and consider carefully before investing.
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Investing in a mutual fund involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the fund which investors should read and consider carefully before investing. To obtain a prospectus contact a registered representative or visit www.thrivent.com. |
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Thrivent Mutual Fund Family To Discontinue B Share Purchases
Thrivent Mutual Fund B shares have not reached vital economic scale despite more than seven years of operation. The unsatisfactory business case has contributed to higher than desired expense ratios for B shares. As a result, the Thrivent Mutual Funds Board of Trustees has voted in favor of discontinuing new sales of B shares in all Thrivent Mutual Funds. The last date investors may purchase B shares or add money to existing B share accounts is Friday, Oct. 15, 2004.
No action is required of current B shareholders. Existing B share investments will continue the normal five-year aging schedule at which time B shares convert to A shares.
Consider A shares
Both B shares and A shares are viable investments. The primary difference between A and B shares lies in the structure and timing of sales charges and expenses. Because B shares have not reached sufficient asset levels, they have not realized the benefits of scale achieved by A shares. With substantial assets under management, A shares have significantly lower expense ratios than B shares and offer our investors greater value.
If you have questions about investing in A shares or want more information on the upcoming purchase closure of B shares, please contact your registered representative. You also may contact our customer service area at 800-847-4836 Monday through Friday from 7 a.m. to 9 p.m. and Saturday from 9 a.m. to 1 p.m. Central time.
Investing in a mutual fund involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the fund which investors should read and consider carefully before investing.
|
Investing in a mutual fund involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the fund which investors should read and consider carefully before investing. To obtain a prospectus contact a registered representative or visit www.thrivent.com. |
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Thrivent Investment Management announces the completion of their mutual fund consolidation
A Significant Milestone
The mutual fund consolidation is a significant milestone in the advancement of Thrivent Financial’s asset management strategy and the revitalization of our investment strengths and capabilities. It creates one voice for the mutual funds offered by Thrivent Investment Management. By consolidating the fund families, merging the necessary funds, and making the other changes in naming and management, we are well positioned to:
- Simplify the way we brand, support, manage and market our mutual fund investment offerings.
- Leverage the strength of Thrivent Investment Management.
- Partner with select money managers.
- Achieve operational efficiencies.
The introduction of the Thrivent Mutual Funds—coupled with substantial, targeted investments—demonstrates our commitment to developing a consistently superior asset management business and meeting investors’ needs.
Several additional changes have occurred leading up to and in conjunction with this merger.
New Large Cap Value Manager Hired
- Matthew Finn, CFA, was hired as the portfolio manager for the Thrivent Large Cap Value Fund.
- Landing this talented and successful portfolio manager underscores Thrivent Investment Management’s commitment to the all-important large-cap value space.
Small Cap Value Subadviser Change
- The Thrivent Partner Small Cap Value Fund is now subadvised by T. Rowe Price Associates, Inc.
- This allows Thrivent Investment Management to focus more strongly on managing core assets in the small-cap universe
New International Fund
- The convenience of having two top-shelf international managers that manage to both investment disciplines (growth and value) in one investment option.
- T. Rowe Price International has grown to become one of the leading investment management firms in the world through their commitment to investment management excellence.
- Mercator is a premier asset management firm that managed more than $6.6 billion in international equity assets as of 12/31/03 for several of the largest U.S. corporate and public pension programs.
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Mutual Fund Investment Options: Then and Now
Introducing the Thrivent Mutual Funds represents one of the final steps in the merger of AAL and Lutheran Brotherhood,
which began more than two years ago. In creating the Thrivent Mutual Funds, we have taken the best that
The AAL Mutual Funds and LB Family of Funds had to offer so that you will be better able to meet your investment
goals and have more choices available to you than ever before. This handy listing has been developed to give
you a clear and concise overview of the changes that have occurred.
| Then |
|
Now |
| The AAL Technology Stock Fund |
is now... |
Thrivent Technology Fund |
| The AAL Small Cap Value Fund |
is now... |
Thrivent Partner Small Cap Value Fund |
| The AAL Small Cap Stock Fund |
is now... |
Thrivent Small Cap Stock Fund |
| The AAL Small Cap Index Fund II |
is now... |
Thrivent Small Cap Index Fund |
LB Opportunity Growth Fund and
LB Mid Cap Growth Fund have merged, |
and are now... |
Thrivent Mid Cap Growth Fund |
| The AAL Mid Cap Stock Fund |
is now... |
Thrivent Mid Cap Stock Fund |
| The AAL Mid Cap Index Fund II |
is now... |
Thrivent Mid Cap Index Fund |
LB World Growth Fund and
The AAL International Fund have merged, |
and are now... |
Thrivent Partner International Stock Fund |
LB Growth Fund and
The AAL Aggressive Growth Fund have merged, |
and are now... |
Thrivent Large Cap Growth Fund |
LB Value Fund and
The AAL Equity Income Fund have merged, |
and are now... |
Thrivent Large Cap Value Fund |
LB Fund and
The AAL Capital Growth Fund have merged, |
and are now... |
Thrivent Large Cap Stock Fund |
| The AAL Large Company Index Fund II |
is now... |
Thrivent Large Cap Index Fund |
| The AAL Balanced Fund |
is now... |
Thrivent Balanced Fund |
| LB High Yield Fund |
is now... |
Thrivent High Yield Fund |
| The AAL High Yield Bond Fund |
is now... |
Thrivent Partner High Yield Bond Fund |
LB Municipal Bond Fund and
The Municipal Bond Fund have merged, |
and are now... |
Thrivent Municipal Bond Fund |
| LB Income Fund |
is now... |
Thrivent Income Fund |
| The AAL Bond Fund |
is now... |
Thrivent Core Bond Fund |
| LB Limited Maturity Bond Fund |
is now... |
Thrivent Limited Maturity Bond Fund Fund |
LB Money Market Fund &
The AAL Money Market Fund have merged, |
and are now... |
Thrivent Money Market Fund |
Investing in a mutual fund involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the fund which investors should read and consider carefully before investing.
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Investing in a mutual fund involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the fund which investors should read and consider carefully before investing. To obtain a prospectus contact a registered representative or visit www.thrivent.com. |
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