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Thrivent Mutual Funds Wins 6 Lipper Awards
April 3, 2017 | Callie Briese – Manager, Communications
Organization named Best Overall Small Fund Family & Best Mixed Assets Small Fund Family at 2017 Thomson Reuters Lipper Fund Awards
Thrivent Mutual Funds has been honored with six prestigious 2017 Thomson Reuters Lipper Fund Awards, including winning the Best Overall Small Fund Family (out of 32 fund families) and the Best Mixed Assets Small Fund Family award (out of 50 fund families).
In addition to those asset class awards, the Thrivent Mid Cap Stock Fund, Class S was named Best Mid-Cap Core Fund for both the past three- and five-year performance periods (out of 346 and 295 funds, respectively), and the Thrivent Large Cap Stock Fund, Class S was also named the Best Global Large-Cap Core Fund for both the past three- and five-year performance periods (out of 54 and 46 funds respectively). These awards are based on risk-adjusted performance ending Nov. 30, 2016.
This is the third year in a row that Thrivent Mutual Funds received the Best Mixed Assets Small Fund Family award (out of 43 for 2016 and 38 for 2015), and the second year in a row for the Best Overall Small Fund Family award (out of 27 for 2016). Since 2008, the firm has won 15 Thomson Reuters Lipper Awards.
"We appreciate being honored by Thomson Reuters Lipper for the performance of our funds, which provides recognition of our long-term, disciplined investment process," said David Royal, president of Thrivent Mutual Funds. "We are also pleased to receive these awards on behalf of our talented investment professionals who strive to serve our investors and help them be wise with money."
Thrivent Mutual Funds began offering the funds online with no sales load in February 2016. The funds are also offered through Thrivent Financial representatives and third-party investment advisors around the country.
Thrivent Mutual Funds was honored at an awards gala in New York City on March 23. Senior investment officers from Thrivent participated in panel discussions, round-table sessions and interviews to promote its strategy of long-term, disciplined investment management.
About Thrivent Mutual FundsThrivent Mutual Funds helps investors prepare for a more secure financial future. It does this in a variety of ways, from the experience of fund managers to providing convenient, flexible options to make investing easier. Thrivent Mutual Funds has been offering mutual funds since 1970. Today there are 23 mutual funds, including a full suite of solution-based products as well as an array of single-strategy offerings, with over $15 billion in assets (as of Dec. 31, 2016). The investment advisor 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.
About Thrivent Financial
Thrivent Financial is a financial services organization that helps Christians be wise with money and live generously. As a membership organization, it offers its more than 2.3 million member-owners a broad range of products, services and guidance from financial representatives nationwide. For more than a century it has helped members make wise money choices that reflect their values while providing them opportunities to demonstrate their generosity where they live, work and worship. You can also find us on Facebook (Link opens in new window) and Twitter (Link opens in new window).
About Lipper Fund Awards
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. For more than three decades, these awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers. These awards recognize funds and fund management for their consistently strong risk-adjusted three-, five-, and 10-year performance relative to their peers, based on Lipper's proprietary performance-based methodology. Eight Asset Class Group Awards will be given to fund families for their superior firm-wide performance. For more information, please contact firstname.lastname@example.org or visit excellence.thomsonreuters.com
Overall Group Awards methodology: Overall Group Awards are given to the best large and best small fund families separately. Small fund family groups need to have at least 3 distinct portfolios in each of the equity, bond and mixed-asset class groups to qualify for the Overall Group award. For the 2017 Thomson Reuters Lipper Fund Awards (based on three-year period ending 11/30/2016), a small fund family is defined as having assets of $63.5 billion or less. For the 2016 Award (based on three-year period ending 11/30/2015) it is defined as assets of $57.7 billion or less. Money Market assets are excluded. The Overall Group award is given to the fund family with the lowest weighted average decile ranking of its respective asset class results based on the Consistent Return (Effective Return) value of the eligible funds per asset class. In cases of identical results, the lower average percentile rank will determine the winner. Sales charges are not taken into consideration. Some Thrivent Mutual Funds may have had fee waivers in effect. If they hadn't been in effect performance would have been lower. See ThriventFunds.com or the Prospectus for current waiver information.
Mixed Assets Class Group Awards methodology: Mixed-Asset Class Group Awards are given to the best large and best small fund families separately. Small fund family groups need to have at least 3 distinct portfolios in the mixed-asset class group to qualify for the award. For the 2017 Thomson Reuters Lipper Fund Awards (based on three-year period ending 11/30/2016), a small fund family is defined as having assets of $63.5 billion or less. For the 2016 Award (based on three-year period ending 11/30/2015) it is defined as assets of $57.7 billion or less and for the 2015 Award (based on the three-year period ending 11/30/2014) it is assets of $52.6 billion or less. Money Market assets are excluded. The lowest average decile rank of the Consistent Return (Effective Return) value of the eligible funds per asset class will determine the Asset Class group award winner. Sales charges are not taken into consideration. Some Thrivent Mutual Funds may have had fee waivers in effect. If they hadn't been in effect performance would have been lower. See ThriventFunds.com or the Prospectus for current waiver information.
Fund award methodology: Fund awards are based the highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or 10 years. Sales charges are not taken into consideration. Class S shares for this Fund have no sales charges.
Mid Cap Risks: The Fund primarily invests in securities of mid-sized companies, which often have greater price volatility, lower trading volume, and less liquidity than larger, more established companies. The value of the Fund is influenced by factors impacting the overall market, certain asset classes, certain investment styles, and specific issuers. The Fund may incur losses due to incorrect assessments of investments by its investment adviser.
Large Cap Risks: The Fund primarily invests in securities of large companies, which may be unable to respond quickly to new competitive challenges and may not be able to attain a high growth rate. The value of the Fund is influenced by factors impacting the overall market, certain asset classes, certain investment styles, and specific issuers. The Fund may incur losses due to incorrect assessments of investments by its investment adviser. Foreign investments involve additional risks, including currency fluctuations, liquidity, political, economic and market instability, and different legal and accounting standards.
Past performance is not indicative of future results.
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. Updated performance information and prospectuses are available at ThriventFunds.com.
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The principal underwriter for Thrivent Mutual Funds is Thrivent Distributors, LLC. Thrivent Distributors, LLC is a registered broker/dealer and member of FINRA with its principal place of business at 625 Fourth Ave South, Minneapolis, MN 55415. Asset management services for Thrivent Mutual Funds are provided by Thrivent Asset Management, LLC. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. Thrivent Investment Management Inc. is registered as an investment adviser and a broker/dealer, and a member of FINRA and SIPC, with its principal place of business at 625 Fourth Ave S, Minneapolis, MN 55415. All entities are wholly owned subsidiaries of Thrivent Financial for Lutherans, Appleton, WI.