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Thrivent Mutual Funds Wins Seven Lipper Awards In 2019
March 8, 2019 | Samantha Mehrotra, Public Relations Manager
Organization receives honors for its small cap, mid cap and aggressive allocation funds and a group award for its mixed assets class
MINNEAPOLIS (March 8, 2019) – Thrivent Mutual Funds has been honored with seven 2019 Lipper Awards from Refinitiv for its Small Cap Stock Fund, Mid Cap Stock Fund and Aggressive Allocation Stock Fund, and earned a group award for the performance of its mixed assets class. The annual awards, which were presented at a gala in New York City last evening, recognize the performance of funds and fund management firms over three, five and 10-year periods. Since 2008, Thrivent Mutual Funds has received a total of 25 Lipper Awards.
The awards this year were based on risk-adjusted performance for the U.S. Region for periods ending Nov. 30, 2018:
- The Thrivent Mid Cap Stock Fund, Class S (TMSIX), was awarded Best Mid-Cap Core Fund for the past three-year, five-year and 10-year performance periods (out of 333, 283 and 189 funds, respectively).
- The Thrivent Small Cap Stock Fund, Class S (TSCSX), was awarded Best Small-Cap Core Fund for the past three and five-year periods (out of 785 and 654 funds, respectively).
- The Thrivent Aggressive Allocation Fund, Class S (TAAIX), was awarded Best Mixed-Asset Target Allocation Aggressive Growth Fund for the past five-year period (out of 135 funds).
- Thrivent’s Mixed Assets Class received a group award for the Small Company category out of 48 fund families for the three-year period.
“This is the greatest number of awards we’ve won in a given year, and I’m so proud of our team,” said David Royal, chief investment officer at Thrivent and president of Thrivent Mutual Funds. “The Lipper Awards validate our rigorous investment process and expertise. Because of our approach, we’re in a strong position to serve our investors on their wise with money journeys and help them lead content, confident, and generous lives.”
The Thrivent Mutual Funds are 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 Lipper Fund AwardsFor more than 30 years and in over 20 countries worldwide, the highly-respected Lipper Awards by Refinitiv have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers and focuses the investment world on top-funds. The merit of the winners is based on entirely objective, quantitative criteria. This coupled with the unmatched depth of fund data, results in a unique level of prestige and ensures the award has lasting value. Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management. Find out more at www.lipperfundawards.com or contact email@example.com.
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.
About ThriventThrivent 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.
Mixed-Asset Class Award Methodology: Asset Class 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 2019 Lipper Fund Awards From Refinitv (based on three-year period ending 11/30/2018), a small fund family is defined as having assets of $76.8 billion or less, excluding Money Market assets. The Mixed-Asset Class Award is given to the fund family with the lowest average decile rank of the three years' Consistent Return (Effective Return) measure of the eligible funds in the asset class. In cases of identical results, the lower average percentile rank will determine the winner.
Fund award methodology: 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.
All Awards: Sales charges are not taken into consideration for Lipper Awards. 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.
The principal underwriter for Thrivent Mutual Funds is Thrivent Distributors, LLC. Thrivent Distributors, LLC is 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. Both entities are subsidiaries of Thrivent Financial for Lutherans.
From Refinitiv Lipper Awards, ©2019 Refinitiv. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.