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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 Value Fund —
Class S
TMCVX
Thrivent Mid Cap Value Fund
Class
Morningstar Rating
Mid-Cap Value
Rating 4
Overall among 374 funds as of
06/30/2024
Morningstar ratings are calculated based on risk-adjusted return.
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
2.12%
1-year return
9.32%
As of 06/28/2024
Net annual fund operating expenses
0.90%
As of
Sales charge
None
As of

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 mid-sized companies across the value spectrum. 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 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.

  • 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.

  • Nicholas Griffith, MD, CFA
    Nicholas Griffith, MD, CFA
    Senior Portfolio Manager
    Managing this fund since 2022

    Mr. Griffith joined Thrivent in 2021, 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 06/28/2024
0.90% Net annual fund operating expenses
1.56% Total annual fund operating expenses
Thrivent Mid Cap Value Fund Russell MidCap Value Index S&P MidCap 400 Value Index Morningstar Mid-Cap Value Avg
3M -3.87% -3.40% -3.52% -3.78%
YTD 2.12% 4.54% 0.45% 3.72%
1Y 9.32% 11.98% 8.17% 11.73%
3Y 5.81% 3.65% 4.65% 4.97%
Since Inception 2/28/2020 15.12% - - -

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 06/28/2024
$18,411
Total market value
$1,531
Current value of reinvested dividends and capital gains

Calendar year performance

as of 06/28/2024

Calendar year performance

as of 06/28/2024

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 06/28/2024
Total number of holdings
78
Turnover ratio (as of 05/31/2024)
54%

Top 10 Holdings

as of 05/31/2024
19.66%
of all holdings
N/A
N/A
Security name % of total assets
Flowserve Corporation 2.46%
General Dynamics Corporation 2.27%
Carlyle Group, Inc. 2.04%
Humana, Inc. 1.90%
U.S. Bancorp 1.90%
Healthcare Realty Trust, Inc. 1.89%
Hexcel Corporation 1.84%
Lear Corporation 1.81%
MKS Instruments, Inc. 1.79%
MSC Industrial Direct Company, Inc. 1.77%

Fund Diversification

as of 06/28/2024
N/A
N/A
  • Financials
    18.62%
  • Industrials
    18.11%
  • Consumer Discretionary
    9.21%
  • Information Technology
    8.56%
  • Health Care
    8.47%
  • Energy
    7.66%
  • Materials
    7.15%
  • Real Estate
    6.25%
  • Utilities
    5.81%
  • Consumer Staples
    5.70%
  • Cash
    2.29%
  • Communication Services
    2.17%

Equity characteristics

as of 06/28/2024
P/E Ratio Return on Equity
Thrivent Mid Cap Value Fund 16.80 13.72%
S&P 500® Index 27.12 30.12%



Ratings

Morningstar

as of 06/30/2024
Category: Mid-Cap Value
Morningstar Information
Check out our funds that received 4- or 5-Star Overall Morningstar RatingTM
Funds in category
Overall
4 out of five stars
374
funds in category
3-Year
4 out of five stars
374
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
374
funds in category
Return vs. category
Average
374
funds in category

Morningstar ratings are calculated based on risk-adjusted return.

equity style is mid value
Equity Style Map

Distributions

as of 06/28/2024
Dividends Month End Nav
July 2023 $0.0000 $16.32
August 2023 $0.0000 $15.63
September 2023 $0.0000 $15.05
October 2023 $0.0000 $14.29
November 2023 $0.0000 $15.54
December 2023 $0.1600 $16.53
January 2024 $0.0000 $16.33
February 2024 $0.0000 $16.83
March 2024 $0.0000 $17.56
April 2024 $0.0000 $16.56
May 2024 $0.0000 $17.23
June 2024 $0.0000 $16.88

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 06/28/2024
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 1.56%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 1.56%
Less Waiver (0.66%)
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 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 and other investment research techniques to seek to identify and purchase stocks of mid-sized companies that are undervalued in relation to their long-term earnings potential or asset value, 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. These and other risks are described in the prospectus.

Individual Investors


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