The two leading Lutheran fund organizations --
The Aid Association for Lutherans (AAL) based in Appleton, Wisconsin and the
Lutheran Brotherhood of Minneapolis -- are planning to come together in a union that will form a financial institution with more than $60 billion in assets and 3 million members. Together, the two organizations currently offer 25 mutual funds to their members.
The Lutheran Brotherhood has $4.5 billion in assets under management in 10 funds, including 6 equity funds and 4 fixed income funds. Meanwhile, AAL Mutual Funds offers 15 funds, including 11 equity funds and has $7.8 billion in assets.
The union of the two organizations is expected to close by the end of the year. Neither organization discussed specific plans for the two fund families. A spokesperson explained that the firms are unable to discuss plans for products until the merger is approved.
Expect the joined organization to cut costs by eliminating overlap in the two fund families and to streamline their sales and marketing efforts.
The firms have created a Web site at
LutheranMarket.com to explain the merger to members.
Lutheran Brotherhood |
AAL Mutual Funds |
LB Opportunity Growth Fund |
The AAL Technology Stock Fund |
LB Mid Cap Growth Fund |
The AAL Aggressive Growth Fund |
LB World Growth Fund** |
The AAL Small Cap Stock Fund |
LB Growth Fund |
The AAL Mid Cap Stock Fund |
LB Fund |
The AAL International Fund |
LB Value Fund |
The AAL Capital Growth Fund |
LB High Yield Fund |
The AAL Equity Income Fund |
LB Income Fund |
The AAL Balanced Fund |
LB Municipal Bond Fund |
The AAL Small Cap Index Fund II |
LB Limited Maturity Bond Fund |
The AAL Mid Cap Index Fund II |
|
The AAL Large Company Index Fund II |
|
The AAL High Yield Bond Fund |
|
The AAL Municipal Bond Fund |
|
The AAL Bond Fund |
|
The AAL Money Market Fund |
 
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