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Thrivent Mutual Funds Named One Of Barron's Best Fund Families In 2018
March 19, 2019 | Samantha Mehrotra, Public Relations Manager
Organization ranked fourth out of 57 companies
MINNEAPOLIS (March 19, 2019) – Thrivent Mutual Funds has been named as the no. 4 fund family in Barron’s annual ranking of the Best Fund Families of 2018 based on performance for the year ending on December 31, 2018. The firm outranked more than 90 percent of the fund families included in the ranking. The magazine article, which published on March 8, 2019, recognized a total of 57 fund families for this year’s fund family ranking. In addition, Thrivent Mutual Funds came in at an no. 3 out of 55 funds in the five-year ranking category.
Solid performance in two of Thrivent Mutual Funds’ largest funds, Thrivent Moderately Aggressive Allocation Fund and Thrivent Moderate Allocation Fund, both mixed-asset offerings, contributed to the Top 5 2018 ranking. In addition, Thrivent Mid Cap Stock Fund continued to perform strongly in its category across major trailing time periods.
“We’re honored to be recognized in Barron’s because it demonstrates our team’s expertise, our commitment to fundamental research, and our long-term view of the markets,” said David Royal, chief investment officer at Thrivent and president of Thrivent Mutual Funds. “We’re focused on delivering strong results for our investors so they can be wise with money and make smart financial choices.”
Thrivent Mutual Funds is supported by a team of more than 100 investment professionals who take a long-term, disciplined approach in all phases of investment management including stock selection, portfolio construction and risk management. The funds are offered online at ThriventFunds.com, as well as through Thrivent Financial professionals and other investment advisors around the country.
About Thrivent Mutual FundsThrivent Mutual Funds helps investors prepare for a more secure financial future. They do this in a variety of ways, from the experience of their fund managers to providing convenient, flexible options to make investing easier. Thrivent Mutual Funds has been offering mutual funds since 1970. Today there are more than 20 mutual funds, including a full suite of solution-based products as well as an array of single-strategy offerings, with over $17.2 billion in assets (as of December 31, 2018). The investment adviser for the Funds is Thrivent Asset Management, LLC, comprised of more than 100 seasoned investment professionals focused on a broad range of investment strategies designed for all risk tolerances. For more information on Thrivent Mutual Funds, visit ThriventFunds.com.
Thrivent is a not-for-profit financial services organization that helps Christians on the wise with money journey. As a mission-driven, membership-owned organization, it offers its more than 2 million members and customers a broad range of financial products, services and guidance to help them obtain a life of contentment, confidence and generosity. Thrivent and its subsidiary and affiliate companies offer insurance, investments, banking and advice over the phone, online as well as through financial professionals and independent agents nationwide. Thrivent is a FORTUNE 500 company with $134 billion in assets under management/advisement (as of 12/31/18). For more than a century it has helped Christians make wise money choices that reflect their values while providing them opportunities to demonstrate their generosity where they live, work and worship. For more information, visit Thrivent.com. You can also find us on Facebook and Twitter.
Past performance is not necessarily indicative of future results. Investing in a mutual fund involves risks, including the possible loss of principal. The prospectus and summary prospectus contain more complete information on the investment objectives, risks, charges and expenses of the fund, and other information, which investors should read and consider carefully before investing. Prospectuses are available at ThriventFunds.com or by calling 800-847-4836.
57 fund families qualified for the 2018 Barron’s/Lipper Fund Family Ranking. Thrivent Mutual Funds was ranked #4 of 57 for one year, #3 of 55 for five years and #16 of 49 for 10 years for the periods ending 12/31/2018.
Barron’s Methodology: To qualify for the Barron’s Fund Family Rankings, a firm must have at least three funds in Lipper’s general U.S. equity category (includes single sector and country equity funds), one in world equity (which combines global and international funds), one mixed-asset fund (such as a balanced or target-date fund), two taxable bond funds and one national tax-exempt bond fund. These funds must have a minimum track record of one year. Annual management fees of the funds are included in the returns calculations, but 12b-1, fund loads or sales charges are not included. Passive index funds are excluded from the rankings. Each fund’s performance is measured against all of the other funds in its Lipper category, with a percentile ranking of 100 being the highest and one the lowest. This result is then weighted by asset size, relative to the fund family’s other assets in its general classification. If a family’s biggest funds do well, that boosts its overall ranking; poor performance in its biggest funds hurts a firm’s ranking. Finally, the score is multiplied by the weighting of its general classification, as determined by the entire Lipper universe of funds. The category weightings for the one-year results in 2018 were general equity, 34.8%; mixed asset, 21.3%; world equity, 17.1%; taxable bond, 22.4%; and tax-exempt bond, 4.4%. The category weightings for the five-year results were general equity, 35.9%; mixed asset, 19.7%; world equity, 17.3%; taxable bond, 22.5%; and tax-exempt bond, 4.5%. For the 10-year list, they were general equity, 37.1%; mixed asset, 20%; world equity, 16.7%; taxable bond, 21.2%; and tax-exempt bond, 4.9%. Source: Barron’s Best Mutual Fund Families publication dated March 8, 2019. Barron’s is a trademark of Dow Jones & Co, L.P. All rights reserved. Reprinted with permission.
Sales charges are not taken into consideration for Barron’s Best Fund Families 2018 Ranking. Class S shares of Thrivent Mutual Funds have no sales charges. Some Thrivent Mutual Funds may have had fee waivers in effect and if they hadn’t been in effect performance would have been lower. See the Prospectus for current waiver information.
Lipper assigns each fund to a Lipper Classification after analyzing each fund’s holdings and prospectus objectives. Once total return data has been calculated, Lipper ranks the relative performance of all funds in each classification against their respective peer groups. All rankings are based on total return and do not reflect sales charges. Performance of other share classes may differ due to differences in fund expenses. A high ranking does not imply that a fund had positive returns for the period. The performance of some Thrivent Mutual Funds benefited in the past from expense subsidy arrangements, which have the effect of lowering fund expenses and improving performance.
Total return percentile rankings within Lipper categories, based on annualized performance as of December 31, 2018:
Mixed-Asset Target Allocation Growth Funds Category: Thrivent Moderately Aggressive Allocation Fund - Class A: 45 for the 1-year period (216 of 489); 33 for the 5-year period (129 of 400); 26 for the 10-year period (77 of 304). Thrivent Moderately Aggressive Allocation Fund - Class S: 41 for the 1-year period (199 of 489); 24 for the 5-year period (94 of 400); 17 for the 10-year period (51 of 304).
Mixed-Asset Target Allocation Moderate Funds Category: Thrivent Moderate Allocation Fund - Class A: 35 for the 1-year period (200 of 576); 31 for the 5-year period (142 of 469); and 30 for the 10-year period (102 of 348). Thrivent Moderate Allocation Fund - Class S: 26 for the 1-year period (149 of 576); 96 for the 5-year period (96 of 469); 20 for the 10-year period (69 of 348).
Mid-Cap Core Funds Category: Thrivent Mid Cap Stock Fund - Class A: 30 for the 1-year period (30 of 126); 3 for the 5-year period (8 of 299); 4 for the 10-year period (7 of 198). Thrivent Mid Cap Stock Fund - Class S: 28 for the 1-year period (116 of 420); 3 for the 5-year period (7 of 299); 2 for the 10-year period (3 of 198).
Thrivent Financial professionals are registered representatives of Thrivent Investment Management Inc., a registered broker/dealer, member of FINRA and SIPC. The principal underwriter for Thrivent Mutual Funds is Thrivent Distributors, LLC, a registered broker/dealer, member of FINRA and SIPC. Thrivent Asset Management, LLC, an SEC-registered investment adviser, serves as the investment adviser for Thrivent Mutual Funds. All entities are subsidiaries of Thrivent, the marketing name for Thrivent Financial for Lutherans.