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Thrivent Small Cap Growth Fund —
Class S
TSCGX
TSCGX
Thrivent Small Cap Growth Fund
Class
Morningstar Rating
Small Growth
Rating 4
Overall among 550 funds as of
04/30/2024
Morningstar ratings are calculated based on risk-adjusted return.
Risk profile
Risk potental category equals Aggressive

Market Cap & Style

Large
Mid
Small
Value
Blend
Growth
Inception date
2/28/2018
As of
Net asset value
-
Daily NAV change
-
As of N/A
YTD return
1.52%
1-year return
9.45%
As of 04/30/2024
Net annual fund operating expenses
0.95%
As of
Sales charge
None
As of

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

This Fund seeks to provide investors with competitive performance through favorable stock selection while monitoring risk. The Fund typically invests in small-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. Small-sized companies may have the opportunity to grow more rapidly than larger companies as they potentially emerge from a small to a medium-sized company. However, they typically do not pay significant dividends to shareholders and instead reinvest earnings back into the company. Smaller companies have greater volatility (or more risk) because they are often less seasoned, have narrower product lines, less liquidity, smaller revenues and fewer resources than larger 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 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.

  • Michael Hubbard
    Michael Hubbard
    Senior Portfolio Manager
    Managing this fund since 2022

    Mr. Hubbard joined Thrivent in 2018, serving as a senior portfolio manager. Read more.

  • Patrick Farley, CFA
    Patrick Farley, CFA
    Senior Portfolio Manager
    Managing this fund since 2024

    Mr. Farley joined Thrivent in 2018, serving as a 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 04/30/2024
0.95% Net annual fund operating expenses
1.14% Total annual fund operating expenses
Thrivent Small Cap Growth Fund S&P SmallCap 600 Growth Index Russell 2000® Growth Index Morningstar Small Growth Avg
3M 2.96% 2.41% 2.59% 2.51%
YTD 1.52% -0.20% -0.70% 0.35%
1Y 9.45% 18.13% 12.39% 12.39%
3Y -3.95% -0.43% -5.92% -5.38%
5Y 9.09% 7.40% 5.04% 6.76%
Since Inception 2/28/2018 9.93% - - -

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 04/30/2024
$17,938
Total market value
$1,258
Current value of reinvested dividends and capital gains

Calendar year performance

as of 04/30/2024

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 04/30/2024
Total number of holdings
88
Turnover ratio (as of 03/28/2024)
76%

Top 10 Holdings

as of 03/28/2024
17.40%
of all holdings
N/A
N/A
Security name % of total assets
e.l.f. Beauty, Inc. 2.30%
Varonis Systems, Inc. 1.84%
Houlihan Lokey, Inc. 1.74%
ExlService Holdings, Inc. 1.69%
Guidewire Software, Inc. 1.69%
Nova, Ltd. 1.66%
Triumph Financial, Inc. 1.66%
Option Care Health, Inc. 1.64%
Lattice Semiconductor Corporation 1.59%
Sprout Social, Inc. 1.59%

Fund Diversification

as of 03/28/2024
N/A
N/A
  • Information Technology
    25.44%
  • Industrials
    20.81%
  • Health Care
    15.13%
  • Consumer Discretionary
    9.96%
  • Financials
    9.20%
  • Consumer Staples
    6.09%
  • Materials
    3.11%
  • Cash
    2.71%
  • Real Estate
    2.64%
  • Communication Services
    2.49%
  • Energy
    2.40%

Equity characteristics

as of 04/30/2024
P/E Ratio Return on Equity
Thrivent Small Cap Growth Fund 27.79 9.30%
S&P 500® Index 24.69 28.52%

Beta

as of 04/30/2024
TSCGX
1.1
R2=46%
Lower than benchmark
S&P 500 1.0
Higher than benchmark

Volatility

as of 04/30/2024
Depending on the fund inception date, some data may not be available.
Standard deviation Average annualized returns
Thrivent Small Cap Growth Fund 22.74 -3.95
S&P 500® Index 17.65 8.06

Ratings


Morningstar

as of 04/30/2024
Category: Small Growth
Morningstar Information
Check out our funds that received 4- or 5-Star Overall Morningstar RatingTM
Funds in category
Overall
4 out of five stars
550
funds in category
3-Year
3 out of five stars
550
funds in category
5-Year
4 out of five stars
520
funds in category
10-Year
Doesn't apply due to fund's inception date of 2/28/2018
Risk vs. category
Average
550
funds in category
Return vs. category
Above Average
550
funds in category

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 04/30/2024
Dividends Month End Nav
May 2023 $0.0000 $14.66
June 2023 $0.0000 $16.07
July 2023 $0.0000 $16.61
August 2023 $0.0000 $16.04
September 2023 $0.0000 $15.07
October 2023 $0.0000 $13.66
November 2023 $0.0000 $14.96
December 2023 $0.0000 $16.43
January 2024 $0.0000 $16.20
February 2024 $0.0000 $17.51
March 2024 $0.0000 $18.02
April 2024 $0.0000 $16.68

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 04/30/2024
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 1.14%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 1.14%
Less Waiver (0.19%)
Net Annual Fund Operating Expenses 0.95%
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 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, and monitors risk in an effort to build a well-diversified portfolio. The team uses fundamental and other investment research techniques to identify and purchase small companies that the team believes could grow their revenue and earnings faster than their peers, along with companies that could sustain growth over time.

Risk

Smaller, less seasoned 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.

Asset Management for Financial Professionals


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