New Thrivent Offering Aims for Income and Growth

July 5, 2006 ( - Thrivent Investment Management launched the Thrivent Diversified Income Plus Fund, designed to provide income and the potential for market growth.

style=”MARGIN: 0in 0in 0pt”> A Thrivent news release said that the new offering incorporates a number of income-producing asset classes in one option including:

  • high-yield bonds
  • dividend-paying stocks
  • real estate investment trust equities
  • investment-grade bonds.

style=”MARGIN: 0in 0in 0pt”> According to the announcement, Mark Simenstad, head of fixed-income mutual funds for Thrivent Investment Management, will lead the management of the fund. The fund employs an active management approach, which means the asset classes that make up the fund are continually evaluated to determine whether they still are appropriate based on the current market outlook.

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style=”MARGIN: 0in 0in 0pt”> “The fund is a simple solution, but backed by a sophisticated approach. It’s actively monitored and adjusted as needed based on changing market conditions to optimize the opportunity for growth,” said Russell Swansen, senior vice president and chief investment officer, in the announcement.

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style=”MARGIN: 0in 0in 0pt”> The company announcement said the Thrivent Diversified Income Plus Fund is designed to help investors achieve three primary goals:

  • to generate income by complementing their current retirement plan with the goal of providing a dependable and steady income stream that keeps pace with inflation.
  • to preserve capital by helping to mitigate risk and reduce volatility through portfolio diversification and periodic reallocation.
  • to grow principal by using active management of a mix of asset classes including exposure to equities, which helps protect against inflation.

style=”MARGIN: 0in 0in 0pt”> The Thrivent Diversified Income Plus Fund is offered through Thrivent Financial’s network of 2,500 registered representatives. More information can be found at