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Thrivent Small Cap Stock Fund —
Class S
TSCSX
TSCSX
Thrivent Small Cap Stock Fund
Class
Morningstar Rating
Small Blend
Rating 5
Overall among 583 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
12/29/1997
As of
Net asset value
-
Daily NAV change
-
As of N/A
YTD return
1.12%
1-year return
10.91%
As of 04/30/2024
Net annual fund operating expenses
0.81%
As of
Sales charge
None
As of

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

This Fund looks to provide investors with competitive performance through favorable stock selection while monitoring risk. The Fund typically invests in a combination of small-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 average, as measured by valuation ratios that compare the stock’s price to the company’s earnings and growth trends. 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.

  • Matthew D. Finn, CFA
    Matthew D. Finn, CFA
    VP, Head of Equity Funds
    Managing this fund since 2013

    Mr. Finn joined Thrivent in 2004. He is the Head of Equity Mutual Funds. Read more.

  • James M. Tinucci, CFA
    James M. Tinucci, CFA
    Senior Portfolio Manager
    Managing this fund since 2015

    Mr. Tinucci joined Thrivent in 2014. He previously held various positions at Thrivent from 2007 to 2012. Prior to rejoining Thrivent, Mr. Tinucci was a manager at Deloitte Consulting. Read more.

  • Katelyn R. Young, CPA
    Katelyn R. Young, CPA
    Senior Portfolio Manager
    Managing this fund since 2023

    Ms. Young joined Thrivent in 2022, 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
0.81% Total annual fund operating expenses
Thrivent Small Cap Stock Fund S&P SmallCap 600 USD Russell 2000 Index Morningstar Small Blend Avg
3M 3.87% 0.68% 1.73% 2.05%
YTD 1.12% -3.29% -2.22% -0.79%
1Y 10.91% 12.55% 13.32% 13.98%
3Y 1.88% -0.34% -3.18% 0.25%
5Y 10.39% 7.08% 5.83% 7.17%
10Y 11.00% 8.48% 7.22% 7.28%
See data by:

Growth of 10K

as of 04/30/2024
$28,385
Total market value
$14,654
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
98
Turnover ratio (as of 03/28/2024)
47%

Top 10 Holdings

as of 03/28/2024
19.61%
of all holdings
N/A
N/A
Security name % of total assets
Badger Infrastructure Solutions, Ltd. 2.29%
TTM Technologies, Inc. 2.27%
Ally Financial, Inc. 2.22%
Kinsale Capital Group, Inc. 2.13%
Air Lease Corporation 2.06%
RLI Corporation 1.87%
National Storage Affiliates Trust 1.72%
Tennant Company 1.69%
Enovis Corporation 1.69%
Houlihan Lokey, Inc. 1.67%

Fund Diversification

as of 03/28/2024
N/A
N/A
  • Industrials
    22.57%
  • Financials
    15.61%
  • Information Technology
    15.51%
  • Consumer Discretionary
    9.77%
  • Health Care
    7.89%
  • Materials
    6.61%
  • Consumer Staples
    6.26%
  • Real Estate
    5.18%
  • Energy
    3.71%
  • Cash
    3.25%
  • Utilities
    2.18%
  • Communication Services
    1.44%

Equity characteristics

as of 04/30/2024
P/E Ratio Return on Equity
Thrivent Small Cap Stock Fund 18.21 10.41%
S&P 500® Index 24.69 28.52%

Beta

as of 04/30/2024
TSCSX
0.95
R2=46%
Lower than benchmark
S&P 500 1.0
Higher than benchmark

Volatility

as of 04/30/2024
Standard deviation Average annualized returns
Thrivent Small Cap Stock Fund 19.73 1.88
S&P 500® Index 17.65 8.06

Ratings


Morningstar

as of 04/30/2024
Category: Small Blend
Morningstar Information
Check out our funds that received 4- or 5-Star Overall Morningstar RatingTM
Funds in category
Overall
5 out of five stars
583
funds in category
3-Year
4 out of five stars
583
funds in category
5-Year
5 out of five stars
551
funds in category
10-Year
5 out of five stars
390
funds in category
Risk vs. category
Average
583
funds in category
Return vs. category
High
583
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 $25.49
June 2023 $0.0000 $27.71
July 2023 $0.0000 $29.14
August 2023 $0.0000 $28.08
September 2023 $0.0000 $26.58
October 2023 $0.0000 $24.70
November 2023 $0.0000 $26.93
December 2023 $0.1353 $29.48
January 2024 $0.0000 $28.70
February 2024 $0.0000 $29.79
March 2024 $0.0000 $31.30
April 2024 $0.0000 $29.81

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 0.81%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.81%
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, 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, financially-sound companies that appear to have strong, long-term growth prospects and capable management teams.

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 and issuers. The Adviser’s assessment of investments may prove incorrect, resulting in losses or poor performance. These and other risks are described in the prospectus.

Asset Management for Financial Professionals


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