57 fund families qualified for the 2018 Barron’s/Lipper Fund Family Ranking. Thrivent Mutual Funds was ranked #4 of 57 for one year, #3 of 55 for five years and #16 of 49 for 10 years for the periods ending 12/31/2018.
Barron’s Methodology: To qualify for the Barron’s Fund Family Rankings, a firm must have at least three funds in Lipper’s general U.S. equity category (includes single sector and country equity funds), one in world equity (which combines global and international funds), one mixed-asset fund (such as a balanced or target-date fund), two taxable bond funds and one national tax-exempt bond fund. These funds must have a minimum track record of one year. Annual management fees of the funds are included in the returns calculations, but 12b-1, fund loads or sales charges are not included. Passive index funds are excluded from the rankings. Each fund’s performance is measured against all of the other funds in its Lipper category, with a percentile ranking of 100 being the highest and one the lowest. This result 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 its biggest funds hurts a firm’s ranking. 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 in 2018 were general equity, 34.8%; mixed asset, 21.3%; world equity, 17.1%; taxable bond, 22.4%; and tax-exempt bond, 4.4%. The category weightings for the five-year results were general equity, 35.9%; mixed asset, 19.7%; world equity, 17.3%; taxable bond, 22.5%; and tax-exempt bond, 4.5%. For the 10-year list, they were general equity, 37.1%; mixed asset, 20%; world equity, 16.7%; taxable bond, 21.2%; and tax-exempt bond, 4.9%. Source: Barron’s Best Mutual Fund Families publication dated March 8, 2019. Barron’s is a trademark of Dow Jones & Co, L.P. All rights reserved. Reprinted with permission.
Sales charges are not taken into consideration for Barron’s Best Fund Families 2018 Ranking. 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.
Lipper assigns each fund to a Lipper Classification after analyzing each fund’s holdings and prospectus objectives. Once total return data has been calculated, Lipper ranks the relative performance of all funds in each classification against their respective peer groups. All rankings are based on total return and do not reflect sales charges. Performance of other share classes may differ due to differences in fund expenses. A high ranking does not imply that a fund had positive returns for the period. The performance of some Thrivent Mutual Funds benefited in the past from expense subsidy arrangements, which have the effect of lowering fund expenses and improving performance.
Total return percentile rankings within Lipper categories, based on annualized performance as of December 31, 2018:
Mixed-Asset Target Allocation Growth Funds Category: Thrivent Moderately Aggressive Allocation Fund - Class A: 45 for the 1-year period (216 of 489); 33 for the 5-year period (129 of 400); 26 for the 10-year period (77 of 304). Thrivent Moderately Aggressive Allocation Fund - Class S: 41 for the 1-year period (199 of 489); 24 for the 5-year period (94 of 400); 17 for the 10-year period (51 of 304).
Mixed-Asset Target Allocation Moderate Funds Category: Thrivent Moderate Allocation Fund - Class A: 35 for the 1-year period (200 of 576); 31 for the 5-year period (142 of 469); and 30 for the 10-year period (102 of 348). Thrivent Moderate Allocation Fund - Class S: 26 for the 1-year period (149 of 576); 96 for the 5-year period (96 of 469); 20 for the 10-year period (69 of 348).
Mid-Cap Core Funds Category: Thrivent Mid Cap Stock Fund - Class A: 30 for the 1-year period (30 of 126); 3 for the 5-year period (8 of 299); 4 for the 10-year period (7 of 198). Thrivent Mid Cap Stock Fund - Class S: 28 for the 1-year period (116 of 420); 3 for the 5-year period (7 of 299); 2 for the 10-year period (3 of 198).