Barron's Ranks Thrivent Mutual Funds Top 10 Fund Family Over 5 Years
Thrivent Mutual Funds was ranked #8 on the “Best Fund Families Over 5 Years” out of 54 fund families for 2016 according to the Barron’s annual mutual fund rankings. In the same report, Thrivent Mutual Funds also ranked overall #13 out of 61 fund families on the “Best Fund Families of 2016” list. This is for the period ending Dec. 31, 2016.
These rankings come from Barron’s annual “The Best Mutual Fund Families” article, which ranks mutual fund families that qualify for its survey.
The Barron’s rankings are “asset-weighted,” which means that the ratings are tilted toward funds with greater assets. The Thrivent Mutual Funds ranking was helped by our U.S. equity funds which were ranked #8 for the 1-year period in the General Equity category, #12 for the 5-year period and #34 for the 10 year period. We ranked #9 for the 1-year period in the Mixed Asset category which includes the flagship Thrivent Asset Allocation Funds. Our rankings for the Mixed Assets category were #13 for 5-year and #23 for the 10-year periods.
According to Barron’s, this year’s winners tended to favor active management strategies. “Thrivent Mutual Funds has always had a strong belief in active asset management since our funds were first offered back in 1970,” said David Royal, President, Thrivent Mutual Funds. “We are extremely proud of the more than 100 investment professionals at Thrivent Asset Management who are responsible for these exceptional results.”
The top performers in this year’s rankings were aided by unexpected changes in the market and economy. Laggards from previous years were among this year’s top performers. “Value investing came back with a vengeance, led by the hard-hit energy sector and – at long last – financials,” Barron’s reported in the article.
This was Barron’s 22nd year of ranking fund families. Thrivent Mutual Funds’ ranked #13 out of 61 for the one-year period, #8 out of 54 for the five-year period and #38 out of 53 for the ten-year period.
Thrivent Mutual Funds offers a family of mutual funds actively-managed by our more than 100 investment professionals. Investors can choose to build their own diversified portfolio with a combination of Thrivent Equity Funds and Thrivent Fixed Income Funds, or let us do it for them with one of our diversified Thrivent Asset Allocation Funds or Thrivent Income Plus Funds.
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.
Some Thrivent Mutual Funds had fee waivers in effect for 2016. If these waivers had not been in effect, performance would have been lower for these funds. See ThriventFunds.com or the Prospectus for current waiver information.
Methodology: To qualify for the Barron's/Lipper Fund Survey, a group must have at least three funds in Lipper's general U.S.-stock category, one in world equity, which combines global and international funds, one mixed-equity fund, which holds stocks and bonds, two taxable-bond funds and one-tax-exempt offering.
Each fund’s returns are adjusted for 12b-1 fees, which are used for marketing and distribution expenses. Funds typically factor these into returns, to better reflect what investors would see after these annual fees have been deducted. Fund loads, or sales charges, aren’t included in the calculation of returns, either. 61 fund families qualified for the Lipper/Barron’s 2016 ranking.
Each fund’s performance is measured against those of all funds in its Lipper category (such as small-value). That leads to a percentile ranking, with 100 the highest and one the lowest, which 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 the biggest funds hurts a firm’s ranking. Single-sector, country and state funds are not factored into the score, nor are the Standard & Poor’s 500 index funds. 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: general equity, 39.6%; world equity, 17.2%; mixed asset, 17.4%; taxable bond, 22.3%; and tax-exempt bond, 3.5%. The category weightings for the five-year results: general equity, 40%; world equity, 17.1%; mixed asset, 17.1%; taxable bonds, 22.1%, and tax-exempt bonds, 3.7%. The category weightings for the 10-year results: general equity, 45.4%; world equity, 15.4%; mixed asset, 16.5%; taxable bonds, 18.7%; and tax-exempt bonds, 4%.
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