See 3 examples of when small and mid caps may be a fit for your portfolios.
Small- and mid-cap products might provide the right balance of opportunity and risk your clients need. Now, combine that with experience and discipline from a team that has shown the ability to add value through multiple, rapidly-changing market environments.
That expertise shows in the performance of our small- and mid-cap offerings. For example, four of our small- and mid-cap mutual funds (Class S) received a 4- or 5-star Overall Morningstar RatingTM based on a risk-adjusted performance (as of 6/30/2023). Explore options for every portfolio, below:
The management team focuses on identifying and investing in companies with sustainable growth and competitive advantages that can execute regardless of the market environment.
The Fund earned a 5-Star Overall Morningstar RatingTM among 384 Mid-Cap Blend Funds based on risk-adjusted performance.1
The Fund has delivered excess returns compared to its benchmark through various market conditions, such as the 2021 bull market and the 2022 bear market.
The Fund earned a 4-Star Overall Morningstar RatingTM among 560 Small Growth Funds based on risk-adjusted performance.2
The Fund earned a 5-Star Overall Morningstar RatingTM among 596 Small-Cap Blend Funds based on risk-adjusted performance.3
As an ETF, this product may offer specific benefits including: a more efficient tax structure, increased liquidity, lower costs, and no investment minimums.
* This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. For example:
The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of the ETF, see the Principal Risks section of the prospectus.
1 4-Star Morningstar RatingTM for the 3- and 5-year periods out of 384 and 359 funds, respectively. 5-Star Morningstar RatingTM for the 10-year period out of 235 funds. All ratings are based on risk-adjusted performance.
2 3-Star Morningstar RatingTM for the 3-year period out of 560 funds. 4-Star Morningstar RatingTM for the 5-year period out of 525 funds. All ratings are based on risk-adjusted performance.
3 5-Star Morningstar RatingTM for the 3- and 5-year periods out of 596 and 551 funds, respectively. 5-Star Morningstar RatingTM for the 10-year period out of 380 funds. All ratings are based on risk-adjusted performance.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Thrivent Small-Mid Cap ESG ETF is newly formed and does not have any operating history.
Small and medium-sized companies often have greater price volatility, lower trading volume, and less liquidity than larger, more established companies.
Past performance is not necessarily indicative of future results.
Ready to learn more? We’re here to talk about the specifics of small-mid investing, as well as how our approach to the category could complement your clients’ portfolios. Our experienced consultants can help with a fund comparison, market insights, and more. And anytime you’d like to learn more about small- and mid-cap investing, we have a paper available for download.
![The 60/40 portfolio strategy [PODCAST]](/content/dam/thrivent/fp/fp-insights/advisors-market360-podcast/compass-insights-card-v1.jpg/_jcr_content/renditions/cq5dam.web.1280.1280.jpeg)
Unpacking the surprisingly disappointing 2022 returns from this widely used portfolio structure.
Unpacking the surprisingly disappointing 2022 returns from this widely used portfolio structure.
04/13/2023
![Q&A with the manager: Thrivent Mid Cap Value Fund [VIDEO]](/content/dam/thrivent/fp/fp-insights/fund-commentary/q-a-with-the-manager-thrivent-mid-cap-value-fund-video/q-a-manager-midcap-value-graham-wong-thumbnail.png/_jcr_content/renditions/cq5dam.web.1280.1280.png)
Graham Wong, CFA, Senior Portfolio Manager, shares how he manages the Fund, his approach to value investing, and his perspective on the markets. Plus, we learn how major events helped shape his career.
Graham Wong, CFA, Senior Portfolio Manager, shares how he manages the Fund, his approach to value investing, and his perspective on the markets. Plus, we learn how major events helped shape his career.
03/28/2023
Thrivent Asset Management has been honored with two Refinitiv Lipper Fund Awards this year for Thrivent Mid Cap Stock Fund and Thrivent Small Cap Stock Fund.
Thrivent Asset Management has been honored with two Refinitiv Lipper Fund Awards this year for Thrivent Mid Cap Stock Fund and Thrivent Small Cap Stock Fund.
03/28/2023
Morningstar Magazine recently profiled Matt Finn and Jim Tinucci, portfolio managers for Thrivent Small Cap Stock Fund (TSCSX). The article covers their investing philosophy for the Fund and how their collaborative approach has led to previous successful returns for clients.
Morningstar Magazine recently profiled Matt Finn and Jim Tinucci, portfolio managers for Thrivent Small Cap Stock Fund (TSCSX). The article covers their investing philosophy for the Fund and how their collaborative approach has led to previous successful returns for clients.
12/13/2022
