Thrivent Financial for Lutherans

03/10/2022 | Press release | Archived content

Thrivent receives two Refinitiv Lipper Fund Awards US in 2022

Thrivent Mid Cap Stock Fund is recognized for the five- and ten-year performance periods

MINNEAPOLIS(March 10, 2022) -Thrivent, a Fortune 500 diversified financial services organization, has been honored today as a Refinitiv Lipper Fund Awards US 2022 Winner for its Mid Cap Stock Fund - Class S (TMSIX). The fund was named best Mid-Cap Core Fund over the five- and ten-year performance periods. Thrivent Asset Management, LLC is the investment adviser to the fund.

Thrivent Mid Cap Stock Fund was recognized for its consistently strong risk-adjusted performance in the five- and ten-year performance periods which ended Nov. 30, 2021. Refinitiv evaluated the Fund against 234 funds in the five-year performance period and 150 funds in the ten-year performance period in the US Mid-Cap Core Funds category.

"Thrivent Mid Cap Stock Fund has a history of strong performance and we're proud to again be honored by Refinitiv Lipper," said David Royal, executive vice president and chief investment officer at Thrivent. "Our talented investment professionals follow a disciplined investment process in order to deliver investment solutions that help our clients achieve financial clarity and live purposeful and meaningful lives. This award is a wonderful recognition of our commitment to excellence."

According to Robert Jenkins, Head of Research, Lipper, Refinitiv, "The 2022 Refinitiv Lipper Fund Awards recognize award winning managers who are successfully facing down market factors not seen in decades including rising inflation, a thinning labor pool and continuing constraints on the global supply chain. Markets are ebbing and flowing along with the sentiments and emotions of investors as the pandemic continues to cloud outlooks and change perspectives. Fund managers find themselves looking beyond earnings statements and factoring in impacts of viral waves - making active management more challenging than ever. We applaud the 2022 Refinitiv Lipper Fund Award winners such as Thrivent for delivering outperformance and the accompanying comfort of consistency to investors' portfolios in a time of unprecedented change."

"It takes an incredible team of investment professionals to create performance that leads to distinguished awards like Refinitiv Lipper," said Brian Flanagan, portfolio manager of Thrivent Mid Cap Stock Fund. "Our investment process at Thrivent is grounded in bottom-up stock selection, research, portfolio construction and risk management, and I'm grateful to work with talented colleagues who bring their best ideas and recommendations to the table."

With these two awards, Thrivent Mid Cap Stock Fund has earned a total of 11 Lipper Fund Awards since 2017. Thrivent's asset management team has received a total of 29 Lipper Fund Awards since 2008.

Thrivent's asset management team consists of more than 125 investment professionals. The funds are offered online at thriventfunds.com, as well as through Thrivent's financial advisors and other investment professionals around the country.

About Refinitiv Lipper

With a track record of over 50 years of independent content, Refinitiv Lipper was the first to develop fund classifications that place funds in their respective peer group. Refinitiv Lipper data covers more than 335,000 share classes in over 80 countries. The Lipper Leader ratings are available for mutual funds registered for sale in 47 markets. Refinitiv Lipper provides independent insight on global collective investments, including mutual funds, retirement funds, hedge funds and fund fees and expenses. Refinitiv Lipper offers premium-quality data, fund ratings, analytical tools and global commentary through specialized product offerings. Trusted by investment professionals for more than 40 years, Refinitiv Lipper provides unparalleled expertise and insight to the funds industry.

About Thrivent

Thrivent is a diversified financial services organization that helps people achieve financial clarity, enabling lives full of meaning and gratitude. Thrivent and its subsidiary and affiliate companies serve more than 2.3 million clients, offering advice, insurance, investments, banking and generosity products and programs over the phone, online as well as through financial professionals and independent agents nationwide. Thrivent is a Fortune 500 company with $189 billion in assets under management/advisement (as of 12/31/21). Thrivent carries an A++ (Superior) rating from AM Best, a credit rating agency; this is the highest of the agency's 13 rating categories and was affirmed in June of 2021. Rating based on Thrivent's financial strength and claims-paying ability. Does not apply to investment product performance. For more information, visit Thrivent.com . You can also find us on Facebook and Twitter .