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Thrivent Financial wins Lipper Fund Award for Best Small Cap Value Fund over five years
| MINNEAPOLIS (April 15, 2009) – Thrivent Asset Management, a wholly-owned subsidiary of Thrivent Financial for Lutherans, announced today that its Thrivent Partner Small Cap Value Fund (AALVX, I-Shares) has received a Lipper Fund Award for Best Small Cap Value Fund over five years. Sub-advised by T. Rowe Price, the fund was recognized as part of The Lipper Fund Awards program which highlights funds that have excelled in delivering consistently strong risk-adjusted performance relative to other funds.*
Created in 2001, the fund currently has $40.7 million in assets under management (as of 3.23.09) and seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have long-term prospects for capital appreciation. The fund is also available in a Class A “load” share (AALVX) available through Thrivent registered representatives. “We are honored to have received this recognition from Lipper,” said Patrick Egan, director of Asset Management Marketing and Product Development for Thrivent Financial. “It is our ongoing partnership with T. Rowe Price in managing this fund that has allowed us to create a top-notch management team to serve our shareholders.” About Thrivent Asset Management Thrivent Asset Management is a wholly-owned subsidiary of Thrivent Financial for Lutherans, a Fortune 500TM financial services membership organization helping approximately 2.6 million members achieve their financial goals and give back to their communities. Thrivent Financial and its affiliates offer a broad range of financial products and services including life insurance, annuities, mutual funds, disability income insurance, bank products and more. As a not-for-profit organization, Thrivent Financial sponsors national outreach programs and activities that support congregations, schools, charitable organizations and individuals in need. For more information, visit www.thrivent.com. Securities are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN, 55415-1665, 800-THRIVENT (800-847-4836), a wholly-owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC. * This recognition only indicates performance relative to other mutual funds in the same category. This recognition does not necessarily reflect the recent negative performance experienced. For updated performance information, go to Thrivent.com. Past performance it not indicative of future results. The Fund is exposed to the risks of investing in equity securities of smaller companies, which may include, but are not limited to, higher credit risks such as defaulted debt, bankruptcy, mergers, reorganizations and liquidations. Small company stock prices are generally more volatile than large company stock prices. These and other risks are described in the Fund\\\'s prospectus. Investing in a mutual fund involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the fund, which investors should read and consider carefully before investing. Prospectuses are available from a Thrivent Financial representative or at www.thrivent.com. |
| Contact Information: | |||||
| Brett Weinberg Director, Public Relations brett.weinberg@thrivent.com Phone: (612) 844-4272 | Dave Rustad, APR Senior Media Relations Specialist dave.rustad@thrivent.com Phone: (612) 844-7037 | Stacy Eckes-Borys Senior Media Relations Specialist stacy.eckes-borys@thrivent.com Phone: (920) 628-2445 | |||
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