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Thrivent Large Cap Value Fund —
Class S
Thrivent Large Cap Value Fund
Morningstar Rating
Large Value
Overall among 1118 funds as of
Morningstar ratings are calculated based on risk-adjusted return.
Risk profile
Conservative Aggressive

Market Cap & Style

Inception date
As of
Net asset value
Daily NAV change
As of N/A
YTD return
1-year return
As of 03/28/2024
Net annual fund operating expenses
As of
Sales charge
As of
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Thrivent Large Cap Value Fund seeks to achieve long-term growth of capital.

This Fund looks to provide investors with consistent, competitive performance through favorable stock selection while monitoring risk. The Fund typically invests in large companies across the value spectrum. Value stocks are companies that trade at a lower price compared to the market average, as measured by valuation ratios that compare the stock’s price to the company’s earnings and growth trends. Large companies are generally considered to be more stable, but may not have the fast growth potential of smaller companies or the ability to respond as quickly to competitive challenges and changing market conditions.

The Fund may be suitable for investors who:

  • Seek long-term growth
  • Have a long-term investment time horizon and a moderately aggressive risk tolerance
  • Are able to withstand a moderately high level of risk and volatility in pursuit of moderately-high long-term returns
Fund management

Our seasoned team of more than 140 investment professionals brings their deep expertise to managing each fund so you can feel confident in the choices you’re making. More than 80% have at least 10 years of experience, more than 50% have more than 20 years of investment experience, and more than 80% have earned the Chartered Financial Analyst designation, an advanced degree, or both.

  • Kurt J. Lauber, CFA
    Kurt J. Lauber, CFA
    Senior Portfolio Manager
    Managing this fund since 2013

    Mr. Lauber joined Thrivent in 2004. He has previously served as an associate portfolio manager. Read more.

  • Thomas Lieu
    Thomas Lieu
    Senior Portfolio Manager
    Managing this fund since 2022

    Mr. Lieu joined Thrivent in 2019, serving as a senior portfolio manager. Read more.


All data represents past performance. Past performance does not guarantee future results. Investment return and principal value of the investment will fluctuate so that an investor’s shares, when redeemed may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted.

Average Annualized Returns

as of 03/28/2024
0.56% Total annual fund operating expenses
Thrivent Large Cap Value Fund S&P 500® Value Index Russell 1000 Value® Index Morningstar Large Value Avg
3M 8.82% 8.05% 8.99% 8.83%
YTD 8.82% 8.05% 8.99% 8.83%
1Y 22.55% 25.58% 20.27% 20.70%
3Y 10.88% 12.17% 8.11% 8.87%
5Y 12.86% 13.26% 10.31% 10.89%
10Y 10.11% 10.62% 9.01% 9.09%
See data by:

Growth of 10K

as of 03/28/2024
Total market value
Current value of reinvested dividends and capital gains

Calendar year performance

as of 03/28/2024


All data represents past performance. Past performance does not guarantee future results. Investment return and principal value of the investment will fluctuate so that an investor’s shares, when redeemed may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted.

Holdings breakdown

as of 03/28/2024
Total number of holdings
Turnover ratio (as of 02/29/2024)

Top 10 Holdings

as of 02/29/2024
of all holdings
Security name % of total assets
Wells Fargo & Company 2.79%
J.P. Morgan Chase & Company 2.54%
QUALCOMM, Inc. 2.27%
Merck & Company, Inc. 2.09%
Elevance Health, Inc. 2.06%
Verizon Communications, Inc. 2.03%
Johnson & Johnson 2.00%
Meta Platforms, Inc. 1.96%
Philip Morris International, Inc. 1.89%
Constellation Energy Corporation 1.83%

Fund Diversification

as of 03/28/2024
  • Financials
  • Health Care
  • Industrials
  • Energy
  • Consumer Staples
  • Communication Services
  • Information Technology
  • Consumer Discretionary
  • Utilities
  • Materials
  • Real Estate
  • Cash

Equity characteristics

as of 03/28/2024
P/E Ratio Return on Equity
Thrivent Large Cap Value Fund 17.15 13.63%
S&P 500® Index 26.13 28.54%


as of 03/28/2024
Lower than benchmark
S&P 500 1.0
Higher than benchmark


as of 03/28/2024
Standard deviation Average annualized returns
Thrivent Large Cap Value Fund 16.75 10.88
S&P 500® Index 17.60 11.49



as of 03/31/2024
Category: Large Value
Morningstar Information
Check out our funds that received 4- or 5-Star Overall Morningstar RatingTM
Funds in category
Risk vs. category
Above Average
Return vs. category
Above Average

Morningstar ratings are calculated based on risk-adjusted return.

Equity Style Map
Weighted average of holdings
75% of fund's stock holdings


as of 03/28/2024
Dividends Month End Nav
April 2023 $0.0000 $25.87
May 2023 $0.0000 $24.95
June 2023 $0.0000 $26.77
July 2023 $0.0000 $27.82
August 2023 $0.0000 $26.91
September 2023 $0.0000 $26.08
October 2023 $0.0000 $25.36
November 2023 $0.0000 $27.03
December 2023 $0.4685 $27.78
January 2024 $0.0000 $27.88
February 2024 $0.0000 $28.73
March 2024 $0.0000 $30.23

Trailing 12-Months; Dividend Schedule: Paid Annually

Capital gains - trailing 12 months

as of 03/28/2024
Record date Short term capital gains Long term capital gains Total
12/13/2023 - $0.4999 $0.4999

Expenses, fees, and charges

Management Fees and Other Expenses 0.56%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.56%
Redemption Fee None
Transaction Fee None
Low Balance Fee $10 Semiannually
Front-End Sales Charge None
Back-End Sales Charge None

Minimum investment

Initial for non-retirement accounts $2,000
Initial for retirement or tax deferred accounts $1,000
Additional Purchases $50
Initial minimums are waived when a recurring investment of $50 or more is set up


Title Download View
Prospectus & Fund Documents -
Fund Facts -
Fund Commentary -
Sales Profile -
Schedule of Investment -
Annual Proxy Voting -

Due to rounding, some values may not total 100%.


The portfolio management team seeks to add value through stock selection and active management, and monitors risk in an effort to build a well-diversified portfolio. The team also seeks to invest in stocks that they believe are undervalued, which may be because the company is out of favor or has been temporarily overlooked. The team uses fundamental and other investment research techniques in an effort to identify high-quality businesses that are trading at attractive prices, but have good prospects for long-term capital appreciation. Catalysts for improvement may include factors such as improving economic conditions, new industry developments, or a company’s plan to improve the business.


Large companies may be unable to respond quickly to new competitive challenges and may not be able to attain a high growth rate. The Fund’s value is influenced by a number of factors, including the performance of the broader market and risks specific to the Fund’s asset classes, investment styles, and issuers. Foreign investments involve additional risks, such as currency fluctuations and political, economic and market instability. The Adviser's assessment of investments may prove incorrect, resulting in losses or poor performance. These and other risks are described in the prospectus.

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