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Thrivent Mid Cap Value Fund —
Class S
TMCVX
TMCVX
Thrivent Mid Cap Value Fund
Class
S
Risk profile
Conservative Aggressive

Market Cap & Style

Large
Mid
Small
Value
Blend
Growth
Inception date
2/28/2020
As of
Net asset value
N/A
Daily NAV change
$N/A
As of N/A
YTD return
23.85%
1-year return
51.97%
As of 08/31/2021
Net annual fund operating expenses
0.90%
As of
Sales charge
None
As of

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Mining the middle ground

 

Thrivent Mid Cap Value 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 “value” stocks. 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 125 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, over 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.

  • Graham Wong, CFA
    Graham Wong, CFA
    Senior Portfolio Manager
    Managing this fund since 2020

    Mr. Wong joined Thrivent in 2013, serving as a portfolio manager. 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 08/31/2021
0.90% Net annual fund operating expenses
3.54% Total annual fund operating expenses
See data by:

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.


Growth of 10K

as of 08/31/2021
Data in this section is based on month-end
$15,774
Total market value
(assumes the reinvestment of all dividends and capital gains)
$94
Current value of reinvested dividends and capital gains

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 08/31/2021
Total number of holdings
68
Turnover ratio (as of 07/30/2021)
41.00%

Top 10 Holdings

as of 07/30/2021
22.67%
of all holdings
N/A
N/A
Security name % of total assets
Crane Company 2.99%
Berry Plastics Group, Inc. 2.78%
Carlisle Companies, Inc. 2.43%
Wintrust Financial Corporation 2.30%
Axalta Coating Systems, Ltd. 2.11%
Hartford Financial Services Group, Inc. 2.05%
Selective Insurance Group, Inc. 2.04%
Capital One Financial Corporation 2.02%
Dollar Tree, Inc. 1.98%
ON Semiconductor Corporation 1.97%

Fund Diversification

as of 06/30/2021
N/A
N/A
  • Financials
    19.46%
  • Industrials
    13.30%
  • Consumer Discretionary
    12.57%
  • Information Technology
    9.04%
  • Health Care
    7.94%
  • Materials
    6.93%
  • Real Estate
    6.30%
  • Energy
    5.57%
  • Utilities
    5.07%
  • Communication Services
    4.86%
  • Consumer Staples
    4.76%
  • Cash
    4.18%

Equity characteristics

as of 08/31/2021
P/E Ratio Return on Equity
Thrivent Mid Cap Value Fund 16.70 8.00%
S&P 500® Index 25.59 23.83%

Ratings


Morningstar

as of 08/31/2021
Category: Mid-Cap Value
Morningstar Information
Overall
Doesn't apply due to fund's inception date of 2/28/2020
3-Year
Doesn't apply due to fund's inception date of 2/28/2020
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
Doesn't apply due to fund's inception date of 2/28/2020
Return vs. category
Doesn't apply due to fund's inception date of 2/28/2020
Equity Style Map
Large
Mid
Small
Value
Blend
Growth
Weighted average of holdings
75% of fund's stock holdings

Morningstar ratings are calculated based on risk-adjusted return.


Distributions

as of 08/31/2021
Dividends Month End Nav
September 2020 $0.0000 $9.94
October 2020 $0.0000 $10.20
November 2020 $0.0000 $11.97
December 2020 $0.0756 $12.66
January 2021 $0.0000 $12.79
February 2021 $0.0000 $14.08
March 2021 $0.0000 $14.99
April 2021 $0.0000 $15.54
May 2021 $0.0000 $15.78
June 2021 $0.0000 $15.45
July 2021 $0.0000 $15.39
August 2021 $0.0000 $15.68

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 08/31/2021
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 3.54%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 3.54%
Less Waiver (2.64%)
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 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 factors impacting the overall market, certain asset classes, certain investment styles, and specific 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 may prove incorrect, resulting in losses or poor performance. These and other risks are described in the Fund's prospectus.