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Thrivent Financial wins Lipper Fund Awards for ‘Best Mid Cap Growth Equity Fund’
Thrivent Mid Cap Growth Fund takes top honors in both the three- and five-year categories*
| MINNEAPOLIS (March 25, 2010) – Thrivent Asset Management, an independently owned subsidiary of Thrivent Financial for Lutherans, announced today that its Mid Cap Growth Fund (LBMIX – I shares) has received Lipper Fund Awards for best mid cap growth fund for the past three years as well as best mid cap growth fund for the past five years for, in both cases, the top risk-adjusted performance ranking. In the three-year category, the Thrivent Mid Cap Growth Fund ranked number one of 412 similar funds and in the five-year category, the fund beat out 346 other competitors.
The Lipper Fund Awards recognize exceptional performance throughout the professional investment community, highlighting funds that have excelled in delivering consistently strong risk-adjusted performance relative to other funds.* The Thrivent Mid Cap Growth Fund currently has $351 million in assets under management (as of 3.10.10) and seeks long-term growth by investing in a diversified portfolio of companies with medium market capitalizations. The fund has been managed by Andrea Thomas, CFA, since 2003 along with senior portfolio manager, Keith Gangl, CFA, since 2006. The Thrivent Mid Cap Growth Fund is also available in a Class A “load” share (LBMGX) through Thrivent registered representatives. “The Thrivent Mid Cap Growth Fund has consistently been one of our top performing funds,” said Patrick Egan, director of Asset Management Marketing and Product Development for Thrivent Financial for Lutherans. “Receiving third-party recognition in such a prestigious award validates the tremendous job the management team has done in managing the product for our investors.” Thrivent Financial received the award at a March 24 ceremony in New York, attended by Senior Portfolio Manager Keith Gangl, David Francis, head of Equities for Thrivent Asset Management, and Patrick Egan, director of Asset Management Marketing and Product Development for Thrivent Asset Management. * This recognition only indicates performance relative to other mutual funds in the same category. The Thrivent Mid Cap Growth Equity Fund ranked #1 of 412 similar funds for the three-year period, #1 of 346 similar funds for the five-year period, and #24 of 178 similar funds for the 10-year period. Lipper Funds Awards does not calculate an equivalent one-year ranking. The last day for the three-, five- and ten-year periods was December 31, 2009. This recognition does not necessarily reflect the recent negative performance experienced. For updated performance information, go to Thrivent.com or call 800-THRIVENT. Past performance it not indicative of future results. Risks: The Fund is subject to, among other risks, market risk, issuer risk and mid cap risk. These and other risks are described in the Fund’s prospectus. For additional important disclosure information, please visit Thrivent.com/disclosures. 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 Thrivent.com. About Thrivent Asset Management Thrivent Asset Management is an independently owned subsidiary of Thrivent Financial for Lutherans. Thrivent Financial for Lutherans is a not-for-profit, Fortune 500 financial services membership organization helping approximately 2.6 million members seek to achieve financial security 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 creates and supports national outreach programs and activities that help congregations, schools, charitable organizations and individuals in need. For more information, visit Thrivent.com. Also, you can find us on Facebook and Twitter. About The Lipper Fund Awards The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world’s top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact markets.awards@thomsonreuters.com or visit http://excellence.thomsonreuters.com. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, 800-847-4836, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent Financial for Lutherans. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. Bank products and trust services are offered through Thrivent Financial Bank, (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, securities, investment advisory services, and trust and investment management accounts are not deposits, are not guaranteed by Thrivent Financial Bank, are not insured by the FDIC or any other federal government agency, and may go down in value. For additional important disclosure information, please visit Thrivent.com/disclosures. -END- 20100116 |
| Contact Information: | |
| Brett Weinberg Director, Public Relations brett.weinberg@thrivent.com Phone: (612) 844-4272 | |
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