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INVESTMENTS
Batting Above Average
Strong performance and innovative solutions best sum up the three-year progress of Thrivent Investment Management, a subsidiary of Thrivent Financial for Lutherans. This progress is tied to the asset management strategy implemented by Russ Swansen, chief investment officer, starting in 2004. Core ingredients of this strategy included generating a consistent, competitive performance and offering expanded choices for investors.
One key indicator of that performance is the “batting average” of the Thrivent Mutual Funds. The batting average is the percentage of mutual funds ranked by Lipper—a Reuters-owned firm that tracks 80,000 mutual funds worldwide—in the 50th percentile or better. As of Dec. 31, 2006, 65 percent of the internally managed Thrivent Mutual Funds outperformed their Lipper medians over a one-year period, and 58 percent over a three-year period.
“Through research, experience and a disciplined approach, we believe we can continue to generate strong results, with less risk, over the long term,” Swansen says.
“We will continue to enhance our business with an eye toward our investors’ interests first,” Swansen says. “Integrity will always be at our core as we provide a sophisticated investment approach that should continue to translate into competitive investment products.”
Past performance is no indication of future results. All rankings are based on total return and do not reflect sales charges. Source for ranking is Lipper, Inc. Lipper assigns each fund to a category after scrutinizing its portfolio and assessing the portfolio manager’s flexibility and aggressiveness. Once return figures have been determined, Lipper ranks the relative performance of all portfolios in a particular category against their respective peer group.
The performance of some Thrivent Mutual Funds benefitted from expense subsidy arrangements, which have the effect of lowering fund expenses and improving performance. Some subsidy arrangements are voluntary and can be discontinued at any time. Refer to the expense table in the fund prospectus for more information.
Investing in a mutual fund involves risk, including the possible loss of principal. The prospectus contains more complete information on the investment objective, risks, charges and expenses of the investment company, which investors should read and consider carefully before investing. To obtain a prospectus, contact a registered representative or visit www.thrivent.com.
Securities offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN, 55415-1665, 800-THRIVENT (800-847-4836), a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC.
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