By: Gene Walden, Senior Finance Editor February 28, 2018
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. Since it's start, Lipper has focused on fund research, while expanding into data and analytics, reporting tools and insights, to become a trusted content provider for institutional and retail finance professionals and is widely recognized as an industry leader in mutual fund benchmarking and analysis.
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 based on various measures. Mutual funds are rated based on a variety of investor-centered criteria, including total return, consistent return, preservation of capital, expenses, and tax efficiency.
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 three of these awards in 2018.
The awards for the U.S. region included:
- Best Overall Small Fund Family (for the third year in a row), based on a review of 30 fund families for 2018 (32 for 2017 and 27 for 2016).
- Best Mid-Cap Core Fund for both the 5-year and the 10-year time periods (periods ending 11/30/2017), based on share class count out of 290 funds (5-year) and 196 funds (10-year). Learn more about Thrivent Mid Cap Stock Fund.
“We are honored to be recognized once again by Thomson Reuters Lipper for the performance of our funds, which provides recognition of our long-term, disciplined investment philosophy,” said David Royal, chief investment officer at Thrivent and president of Thrivent Mutual Funds. “Our talented team of investment professionals is committed to managing our mutual funds in a way that helps our clients on their journey to be wise with money.”
In all, Thrivent Mutual Funds offers a family of 24 mutual funds actively-managed by our more than 100 investment professionals.
All data represents past performance. Past performance does not guarantee future results. The investment return and principal value of the investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted. See performance results current to the most recent month-end.
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.
Overall Group Award 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 2018 Thomson Reuters Lipper Fund Awards (based on three-year period ending 11/30/2017), a small fund family is defined as having assets of $75.3 billion or less. For the 2017 Thomson Reuters Lipper Fund Awards (based on three-year period ending 11/30/2016), a small fund family was defined as having assets of $63.5 billion or less. For the 2016 Award (based on three-year period ending 11/30/2015) it was 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.
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. Sales charges are not taken into consideration. Class S shares for this Fund have no sales charges.
From Thomson Reuters Lipper Awards, ©2018 Thomson Reuters. 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.
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