Investment advisory firm wins award
According to a news release, 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 also was 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, 27 for 2016, the news release said. 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, according to the news release. “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 of 2016. The funds also are offered through Thrivent Financial representatives and third-party investment advisers around the country.