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Thrivent Mid Cap Stock Fund —
Class S
TMSIX
TMSIX
Thrivent Mid Cap Stock Fund
Class
Morningstar Rating
Mid-Cap Blend
Overall among 370 funds as of
08/31/2022
Morningstar ratings are calculated based on risk-adjusted return.
Risk profile
Conservative Aggressive

Market Cap & Style

Large
Mid
Small
Value
Blend
Growth
Inception date
12/29/1997
As of
Net asset value
N/A
Daily NAV change
$N/A
As of N/A
YTD return
-15.62%
1-year return
-11.28%
As of 08/31/2022
Net annual fund operating expenses
0.74%
As of
Sales charge
None
As of
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Thrivent Mid Cap Stock 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 a combination of mid-sized companies across the growth and value spectrums. Growth stocks are companies whose earnings are expected to grow at an above-average rate relative to the market. Value stocks are companies that trade at a lower price compared to the market, as measured by valuation ratios that compare the stock’s price to the company’s earnings and growth trends. 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 Fund 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 130 investment professionals brings their deep expertise to managing each fund so you can feel confident in the choices you’re making. More than 75% have at least 10 years of experience, more than 45% have more than 20 years of investment experience, and more than 80% have earned the Chartered Financial Analyst designation, an advanced degree, or both.

  • Brian J. Flanagan, CFA
    Brian J. Flanagan, CFA
    Senior Portfolio Manager
    Managing this fund since 2004

    Mr. Flanagan joined Thrivent in 1994, serving as a portfolio manager since 2000. Read more.

  • Vikram Kaura
    Vikram Kaura
    Portfolio Manager
    Managing this fund since 2022

    Mr. Kaura joined Thrivent in 2017, serving as a portfolio manager since 2022. Read more.

  • J.P. McKim, CFA
    J.P. McKim, CFA
    Portfolio Manager
    Managing this fund since 2022

    Mr. McKim joined Thrivent in 2019, serving as a portfolio manager since 2022. Read more.


Performance

Performance data cited represents past performance and should not be viewed as an indication of 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 08/31/2022
0.74% Total annual fund operating expenses
See data by:

Growth of 10K

as of 08/31/2022
$36,637
Total market value
$16,980
Current value of reinvested dividends and capital gains

Calendar year performance

as of 08/31/2022

Characteristics

Performance data cited represents past performance and should not be viewed as an indication of 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 08/31/2022
Total number of holdings
59
Turnover ratio (as of 07/29/2022)
25%

Top 10 Holdings

as of 07/29/2022
24.88%
of all holdings
N/A
N/A
Security name % of total assets
Alliant Energy Corporation 2.79%
United Rentals, Inc. 2.70%
Quanta Services, Inc. 2.58%
Kinsale Capital Group, Inc. 2.55%
NVR, Inc. 2.51%
Steel Dynamics, Inc. 2.47%
Lamb Weston Holdings, Inc. 2.41%
Old Dominion Freight Line, Inc. 2.32%
Arch Capital Group, Ltd. 2.30%
Ashland, Inc. 2.25%

Fund Diversification

as of 06/30/2022
N/A
N/A
  • Financials
    16.84%
  • Industrials
    15.82%
  • Consumer Discretionary
    11.51%
  • Information Technology
    10.16%
  • Health Care
    8.78%
  • Materials
    8.50%
  • Utilities
    6.96%
  • Real Estate
    6.41%
  • Cash
    4.66%
  • Energy
    4.48%
  • Consumer Staples
    3.93%
  • Communication Services
    1.93%

Equity characteristics

as of 08/31/2022
P/E Ratio Return on Equity
Thrivent Mid Cap Stock Fund 14.38 16.55%
S&P 500® Index 19.80 27.13%

Beta

as of 08/31/2022
TMSIX
1.13
R2=86%
Lower than benchmark
S&P 500 1.0
Higher than benchmark

Volatility

as of 08/31/2022
Standard deviation Average annualized returns
Thrivent Mid Cap Stock Fund 23.59 13.23
S&P 500® Index 19.41 12.39

Ratings

Morningstar

as of 08/31/2022
Category: Mid-Cap Blend
Morningstar Information
Check out our funds that received 4- or 5-Star Overall Morningstar RatingTM
Funds in category
Overall
370
3-Year
370
5-Year
329
10-Year
218
Risk vs. category
Above Average
370
Return vs. category
High
370

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 08/31/2022
Dividends Month End Nav
September 2021 $0.0000 $39.19
October 2021 $0.0000 $41.63
November 2021 $0.0000 $40.23
December 2021 $0.0346 $38.04
January 2022 $0.0000 $34.78
February 2022 $0.0000 $35.27
March 2022 $0.0000 $35.24
April 2022 $0.0000 $32.91
May 2022 $0.0000 $32.81
June 2022 $0.0000 $29.49
July 2022 $0.0000 $32.78
August 2022 $0.0000 $32.10

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 08/31/2022
Record date Short term capital gains Long term capital gains Total
12/08/2021 $0.7607 $3.3025 $4.0633

Expenses, fees, and charges

Management Fees and Other Expenses 0.74%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.74%
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

Documents

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%.

Strategy

The portfolio management team seeks to add value through stock selection and active management. The Fund invests in a diversified portfolio of growth and value 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, quantitative and technical 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. Markets may also be impacted by domestic or global events, including public health threats, terrorism, natural disasters or similar events. The Adviser's assessment of investments and ESG considerations may prove incorrect, resulting in losses or poor performance. These and other risks are described in the prospectus.

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