Three ways to buy Thrivent funds

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MUTUAL FUNDS

Thrivent Account

You can purchase mutual funds right on our site with an online account.

Buy with a Thrivent account

  • Set up an account starting with as little as $50 per month.1
  • Access your online account at your convenience.
  • Purchase funds without transaction fees or sales charges.

MUTUAL FUNDS & ETFS

Financial Professional

For guidance when investing, ask a financial professional about buying Thrivent mutual funds & ETFs.

Buy with a financial professional

  • Receive investment help from an experienced professional.
  • Build a relationship through in-person meetings.
  • Get help planning for life’s goals such as saving and retirement.
  • Additional fees may apply.

MUTUAL FUNDS & ETFS

Brokerage Account

If you already have a brokerage account, our mutual funds & ETFs can be purchased through online brokerage platforms by searching for Thrivent Mutual Funds and ETFs.

Buy with a brokerage account

  • Add Thrivent Mutual Funds and ETFs to your investments within your existing portfolio.
  • Take advantage of your account to keep your investments in one place.
  • Additional fees may apply.
Not quite ready?

We want you to invest your money wisely and with confidence.
Here are some other options that may help you.

  • Take our quiz to determine your personal investment style.
  • Talk to your financial advisor about ETFs.
  • Sign up for our monthly investing insights newsletter.

 

Need more help?

If you need assistance, we’re here to help. Reach out to us via the phone, email, and support page information below.

 

This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. For example:

 - You may have to pay more money to trade the ETF’s shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.

 - The price you pay to buy ETF shares on an exchange may not match the value of the ETF’s portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders.

 - These additional risks may be even greater in bad or uncertain market conditions.

 - The ETF will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF’s holdings, it is not the ETF’s actual portfolio.

The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of the ETF, see the Principal Risks section of the prospectus.

1 New accounts with a minimum investment amount of $50 are offered through the Thrivent Mutual Funds "automatic purchase plan." Otherwise, the minimum initial investment requirement is $2,000 for non-retirement accounts and $1,000 for IRA or tax-deferred accounts, minimum subsequent investment requirement is $50 for all account types. Account minimums for other options vary.

Thrivent ETFs may be purchased through your financial professional or brokerage platforms.

Contact your financial professional or brokerage firm to understand minimum investment amounts when purchasing a Thrivent ETF.

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Thrivent Mid Cap Growth Fund —
Class S
TMCGX
Thrivent Mid Cap Growth Fund
Class
Risk profile
The risk profile for this fund is 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
1.48%
1-year return
12.45%
As of 04/30/2024
Net annual fund operating expenses
0.90%
As of
Sales charge
None
As of

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 04/30/2024
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 2.08% 3.70% 9.06% 3.32%
YTD 1.48% 3.14% 8.67% 2.51%
1Y 12.45% 20.70% 22.17% 17.39%
3Y -3.67% 0.70% 2.85% -2.66%
Since Inception 2/28/2020 9.46% - - -

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
$14,583
Total market value
$853
Current value of reinvested dividends and capital gains

Calendar year performance

as of 04/30/2024

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
89
Turnover ratio (as of 03/28/2024)
52%

Top 10 Holdings

as of 03/28/2024
18.06%
of all holdings
N/A
N/A
Security name % of total assets
Howmet Aerospace, Inc. 2.55%
Veeva Systems, Inc. 1.86%
Advanced Drainage Systems, Inc. 1.83%
PTC, Inc. 1.75%
Amphenol Corporation 1.74%
Dexcom, Inc. 1.72%
Chipotle Mexican Grill, Inc. 1.67%
Synopsys, Inc. 1.67%
MSCI, Inc. 1.66%
HubSpot, Inc. 1.61%

Fund Diversification

as of 03/28/2024
N/A
N/A
  • Information Technology
    25.70%
  • Industrials
    20.12%
  • Health Care
    18.12%
  • Consumer Discretionary
    10.75%
  • Financials
    8.71%
  • Communication Services
    3.86%
  • Consumer Staples
    3.62%
  • Real Estate
    3.08%
  • Energy
    2.41%
  • Materials
    2.34%
  • Cash
    1.29%

Equity characteristics

as of 04/30/2024
P/E Ratio Return on Equity
Thrivent Mid Cap Growth Fund 34.76 15.55%
S&P 500® Index 24.69 28.52%



Ratings

Morningstar

as of 04/30/2024
Category: Mid-Cap Growth
Morningstar Information
Funds in category
Overall
3 out of five stars
511
funds in category
3-Year
3 out of five stars
511
funds in category
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
511
funds in category
Return vs. category
Average
511
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 $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
March 2024 $0.0000 $14.82
April 2024 $0.0000 $13.73

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 1.82%
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 Facts -
Fund Commentary -
Schedule of Investments -
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.

Individual Investors


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