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Thrivent Mid Cap Growth Fund —
Class S
TMCGX
TMCGX
Thrivent Mid Cap Growth Fund
Class
Risk profile
Conservative Aggressive

Market Cap & Style

Large
Mid
Small
Value
Blend
Growth
Inception date
2/28/2020
As of
Net asset value
-
Daily NAV change
-
As of N/A
YTD return
7.10%
1-year return
16.85%
As of 02/29/2024
Net annual fund operating expenses
0.90%
As of
Sales charge
None
As of
Find your investing sweet spot

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Thrivent Mid Cap Growth Fund seeks long-term capital growth.

This Fund looks to provide investors with consistent, competitive performance through favorable stock selection while monitoring risk. The Fund typically invests in mid-sized companies across the growth spectrum. Growth stocks are companies whose earnings are expected to grow at an above-average rate relative to the market. Mid-sized companies may be more established than small companies but have the opportunity to experience faster growth as they seek to become large-cap companies. However, they typically have greater risk than larger, more-seasoned companies.

The Portfolio may be suitable for investors who:

  • Seek long-term growth.
  • Have a long-term investment time horizon and an aggressive risk tolerance.
  • Are able to withstand a high level of risk and volatility in pursuit of potentially 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.

  • Siddharth Sinha, CFA
    Siddharth Sinha, CFA
    Senior Portfolio Manager
    Managing this fund since 2021

    Mr. Sinha joined Thrivent in 2015, serving as a senior portfolio manager. Read more.

  • Mark Militello, CFA
    Mark Militello, CFA
    Senior Portfolio Manager
    Managing this fund since 2023

    Mr. Militello joined Thrivent in 2022, serving as a senior portfolio manager. Read more.


Performance

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 02/29/2024
0.90% Net annual fund operating expenses
1.82% Total annual fund operating expenses
Thrivent Mid Cap Growth Fund Russell MidCap Growth Index S&P MidCap 400 Growth Index Morningstar Mid-Cap Growth Avg
3M 15.46% 15.05% 17.40% 14.92%
YTD 7.10% 6.94% 9.31% 6.50%
1Y 16.85% 25.03% 20.89% 20.88%
3Y -1.18% 3.13% 5.29% -0.10%
Since Inception 2/28/2020 11.37% - - -

The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.

See data by:

Growth of 10K

as of 02/29/2024
$15,390
Total market value
$900
Current value of reinvested dividends and capital gains

Calendar year performance

as of 02/29/2024

Characteristics

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 02/29/2024
Total number of holdings
90
Turnover ratio (as of 01/31/2024)
49%

Top 10 Holdings

as of 01/31/2024
19.69%
of all holdings
N/A
N/A
Security name % of total assets
Howmet Aerospace, Inc. 2.77%
Palo Alto Networks, Inc. 2.03%
Chipotle Mexican Grill, Inc. 2.00%
MSCI, Inc. 1.94%
Synopsys, Inc. 1.93%
Tyler Technologies, Inc. 1.89%
PTC, Inc. 1.83%
Dexcom, Inc. 1.79%
Dynatrace Holdings, LLC 1.76%
Monolithic Power Systems, Inc. 1.75%

Fund Diversification

as of 12/29/2023
N/A
N/A
  • Information Technology
    25.94%
  • Industrials
    18.68%
  • Health Care
    17.12%
  • Consumer Discretionary
    12.24%
  • Financials
    9.09%
  • Real Estate
    3.90%
  • Communication Services
    3.52%
  • Consumer Staples
    3.32%
  • Materials
    2.51%
  • Energy
    2.35%
  • Cash
    1.33%

Equity characteristics

as of 02/29/2024
P/E Ratio Return on Equity
Thrivent Mid Cap Growth Fund 36.87 16.51%
S&P 500® Index 25.29 28.31%

Beta

as of 02/29/2024
TMCGX
1.06
R2=46%
Lower than benchmark
S&P 500 1.0
Higher than benchmark

Volatility

as of 02/29/2024
Depending on the fund inception date, some data may not be available.
Standard deviation Average annualized returns
Thrivent Mid Cap Growth Fund 21.42 -1.18
S&P 500® Index 17.66 11.91

Ratings


Morningstar

as of 02/29/2024
Category: Mid-Cap Growth
Morningstar Information
Funds in category
Overall
523
3-Year
523
5-Year
Doesn't apply due to fund's inception date of 2/28/2020
10-Year
Doesn't apply due to fund's inception date of 2/28/2020
Risk vs. category
Average
523
Return vs. category
Average
523

Morningstar ratings are calculated based on risk-adjusted return.

Equity Style Map
Large
Mid
Small
Value
Blend
Growth
Weighted average of holdings
75% of fund's stock holdings

Distributions

as of 02/29/2024
Dividends Month End Nav
March 2023 $0.0000 $12.38
April 2023 $0.0000 $12.21
May 2023 $0.0000 $12.11
June 2023 $0.0000 $13.17
July 2023 $0.0000 $13.57
August 2023 $0.0000 $13.08
September 2023 $0.0000 $12.33
October 2023 $0.0000 $11.48
November 2023 $0.0000 $12.55
December 2023 $0.0000 $13.53
January 2024 $0.0000 $13.45
February 2024 $0.0000 $14.49

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 02/29/2024
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 1.82%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 1.82%
Less Waiver (0.92%)
Net Annual Fund Operating Expenses 0.90%
Redemption Fee None
Transaction Fee None
Low Balance Fee $10 Semiannually
Front-End Sales Charge None
Back-End Sales Charge None

The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.


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

Documents

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

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

Strategy

The portfolio management team seeks to add value through stock selection and active management. The Fund invests in a diversified portfolio of growth stocks with improving or positive outlooks relative to market expectations. The process begins with idea generation and screening to identify stocks that have certain characteristics. The team uses fundamental and other investment research techniques to seek to identify and purchase mid-sized companies that are in industries with good economic outlooks and that have strong prospects for growth in their sales and earnings. They also seek to identify companies with high-quality management teams and strong financial positions, and monitor risk in an effort to build a well-diversified portfolio.

Risk

Medium-sized companies often have greater price volatility, lower trading volume, and less liquidity than larger, more established companies. 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. The Adviser’s assessment of investments may prove incorrect, resulting in losses or poor performance. Common stocks of companies that rely extensively on technology, science or communications in their product development or operations may be more volatile than the overall stock market and may or may not move in tandem with the overall stock market. These and other risks are described in the prospectus.

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