FUND COMMENTARY
03/14/2024
03/14/2024
Thrivent Mutual Funds is honored to be ranked among Barron’s Best Fund Families of 2023 with a ranking of ninth out of 49 fund families based on one-year returns on an asset-weighted basis. In the five-year ranking list, Thrivent placed 18th out of 47 fund families and in the 10-year ranking list, Thrivent appeared 15th out of 46 fund families. Ratings are based on performance for the 1-, 5- and 10-year periods, ending December 31, 2023.
“We’re proud to be named in the top 10 of Barron’s Best Fund Families list for 2023,” said Mike Kremenak, president of Thrivent Mutual Funds. “Our team is dedicated to delivering performance for investors across our funds, and this recognition demonstrates our commitment in both the near- and long-term.”
The team of more than 140 investment professionals at Thrivent Mutual Funds practice bottom-up research, focusing on stock selection, portfolio construction and risk management. Together, they create a strong investment culture where the focus is on delivering strong returns for shareholders.
The funds are available online at ThriventFunds.com.
Read Barron’s Best Fund Families 2023 (PDF) to learn more.
Past performance is not necessarily indicative of future results.
Barron’s rankings are based on asset-weighted returns in five categories - general equity funds; world equity funds; mixed asset funds; taxable bond funds; and tax-exempt bond funds as calculated by LSEG Lipper. Barron’s methodology did not include sales charges in calculating returns. Each fund’s performance is measured against all of the other funds in its LSEG 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.
To be included in the ranking, a firm must have at least three funds in the general equity category, one world equity, one mixed equity (such as a balanced or target-date fund), two taxable bond funds, and one national tax-exempt bond fund.
Single-sector and country equity funds are factored into the rankings as general equity. We exclude all passive index funds, including pure index, enhanced index, and index-based, but include actively managed ETFs and smart-beta ETFs, which are passively managed but created from active strategies.
Finally, the score is multiplied by the weighting of its general classification, as determined by the entire LSEG Lipper universe of funds.
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