By: Gene Walden, Senior Finance Editor April 03, 2017
For more than four decades, Lipper has been rating mutual funds based on a variety of investor-centered criteria, including total return, consistent return, preservation of capital, expenses, and tax efficiency. Lipper is widely recognized as an industry leader in mutual fund benchmarking and analysis.
Lipper Analytical Services was founded in 1973 by A. Michael Lipper. The Reuters Group acquired the Lipper Fund Information Business in 1998, and Thomson Corp. merged with Reuters in 2007 to create the world’s largest financial data enterprise.
Lipper classifies funds into similar peer groups and provides widely used performance rankings for those funds, including naming funds “Lipper Leaders” for ranking in the top 20% of their peer group for various measures, including total return, expenses, and preservation of capital.
While Lipper Leader Ratings are not predictive of future performance, they are designed to provide context and perspective for making knowledgeable fund investment decisions. Lipper looks beyond short term returns to identify the funds with the best risk-adjusted performance over periods of three, five and 10 years, as well as fund families with high average scores for the most recent three-year period.
In addition to its monthly Lipper Leader Ratings, the firm hands out annual mutual fund awards based on risk-adjusted performance.1 The Lipper Awards are now referred to as the Thomson Reuters Lipper Fund Awards since Lipper is now a division of Thomson Reuters.
Thrivent Mutual Funds is honored to be a recipient of six of these awards in 2017. In an interview with The StarTribune2 in Minneapolis, Tom Roseen, head of research services at Lipper said, “It’s an amazing feat that they got the overall and mixed assets awards. I think it’s quite a feat for Thrivent to hit that. Their ability to pick stocks or fixed income or bonds, shows that something is working very well for this group.”
The awards included:
- Best Overall Small Fund Family (for the second year in a row), based on a review of 32 fund families for 2017 (and 27 for 2016).
- Best Overall Mixed Assets Small Fund Family (for the third year in a row), based on a review of 50 fund families for 2017 (and 43 for 2016, and 38 for 2015). Learn more about Thrivent Asset Allocation Funds.
- Best Mid-Cap Core Funds for both the 3-year and the 5-year time periods, based on share class count out of 346 funds (3-year) and 295 funds (5-year). Learn more about Thrivent Mid Cap Stock Fund.
- Best Global Large-Cap Core Funds for both the 3-year and the 5-year time periods, based on share class count of 54 funds (3-year) and 46 funds (5-year). Learn more about Thrivent Large Cap Stock Fund.
“The fact that Thrivent Mutual Funds has received multiple Thomson Reuters Lipper Awards for three consecutive years is an indication that the Thrivent investment team’s focus on long-term performance has been paying off for shareholders of our award- winning funds,” said David Royal, president Thrivent Mutual Funds. “Of course, for us, it’s not about winning awards. It’s about helping our investors be wise with money and prepare for a more secure financial future.”
According to Roseen, the overall success of Thrivent Mutual Funds goes back to the underlying investment philosophy mandated by Thrivent. “Obviously this mandate is working very well for Thrivent,” Roseen said. “Their ability to pick stocks or fixed income or bonds, shows that something is working very well for this group.”
1 Risk-adjusted performance refers to the amount of risk an investment takes on relative to the performance of the investment. For instance, if two investments have identical performance over a given time period, the one with the lower risk level would be considered to have a better risk-adjusted return.
2 The Star Tribune, Thrivent Mutual Funds repeat wins in annual fund family awards. March 28, 2017.
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