Thrivent Investment Management Launches Seven New Mutual Funds; Offerings Include Four Asset Allocation Funds.MINNEAPOLIS -- Thrivent Investment Management, a subsidiary of Thrivent Financial for Lutherans Thrivent Financial for Lutherans (first word pronounced "THRIVE-int" — or more precisely, alluding to contractions, "thrive—n't"; IPA pronunciation: /ˈθɹaɪvɘnt/ , today announced the launch of seven new mutual funds, including four asset allocation funds asset allocation fund An investment company that varies the proportion of its portfolio devoted to stocks, bonds, and money market securities in order to reduce the variability of returns and to take better advantage of different segments of the securities , as part of its continuing effort to provide members with innovative solutions to meet their personal investing needs. The asset allocation funds, which invest in other Thrivent mutual funds, are: --Thrivent Aggressive Allocation Fund: The primary objective is long-term capital growth. As of July 1, the fund allocation is 93% stock funds and 7% bond funds. --Thrivent Moderately Aggressive Allocation Fund: Long-term growth of capital is the primary objective of this fund. As of July 1, the fund allocation is 77% stock funds and 23% bond funds. --Thrivent Moderate Allocation Fund: This fund seeks long-term capital growth while providing reasonable stability of principal. As of July 1, the fund allocation is 58% stock funds, 32% bond funds and 10% cash equivalents. --Thrivent Moderately Conservative Allocation Fund: The primary objective is long-term capital growth while providing reasonable stability of principal. As of July 1, the fund allocation is 40% stock funds, 45% bond funds and 15% cash equivalents. The asset allocation funds match investors' risk preferences with the appropriate investment mix. They feature active management by the Thrivent Investment Strategy Committee, which reviews the allocations quarterly and may revise them based on changing market and economic conditions. "These asset allocation funds are designed to give investors the benefit of important investment principles, including asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. , diversification and reallocation Noun 1. reallocation - a share that has been allocated again allocation, allotment - a share set aside for a specific purpose 2. reallocation in a single fund that caters to individuals' investment goals and risk tolerance Risk Tolerance The degree of uncertainty that an investor can handle in regards to a negative change in the value of their portfolio. Notes: An investor's risk tolerance varies according to age, income requirements, financial goals, etc. ," said Nikki Sorum, senior vice president, Marketing and Investment Products. "The funds also support Thrivent Financial's advice-based approach to investing and the pre-retirement and retirement savings needs of our members." The other funds launching today are: --Thrivent Partner Small Cap Growth Fund: Turner Investment Partners and Westcap Investors subadvise the fund. The primary objective of this fund is long-term capital appreciation by investing primarily in a diversified portfolio of small-company common stocks and securities convertible into small-company common stocks that possess promising growth characteristics. --Thrivent Partner Mid Cap Value Fund: This fund, subadvised by Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , seeks long-term growth of capital by investing primarily in mid-sized companies that appear undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. . --Thrivent Real Estate Securities Fund: This fund, internally managed by Thrivent Investment Management, seeks to provide high current income and long-term capital appreciation by investing primarily in the equity securities of companies in the real estate industry. The fund may invest in other types of real estate securities or in companies in other industries. The seven new mutual funds are offered through Thrivent Financial's network of more than 2,500 registered representatives. These representatives also offer a broad range of other financial products and services, including life insurance, variable and fixed annuities Fixed annuities Contracts in which an insurance company or issuing financial institution pays a fixed dollar amount of money per period. , disability income insurance and more. 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 investment company which investors should read and consider carefully before investing. To obtain a prospectus contact a registered representative or visit www.thrivent.com. About Thrivent Investment Management Thrivent Investment Management is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Thrivent Financial for Lutherans, a not-for-profit Fortune 500 financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organization helping 2.8 million members achieve their financial goals. 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 needy individuals. For more information, visit www.thrivent.com. Securities offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN, 55415-1665, 1-800-THRIVENT (1-800-847-4836), a wholly owned subsidiary of Thrivent Financial for Lutherans. Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . Member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . |
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