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Three ways to invest in Thrivent funds

We’re here to help you invest with confidence.

MUTUAL FUNDS

Thrivent Account

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

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Invest 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 investing in Thrivent mutual funds & ETFs.

Contact a Thrivent advisor

Invest 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.

Invest 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.

 

1 New accounts with a minimum monthly investment amount of $50 are offered through the Thrivent Mutual Funds “automatic investment 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 will convert to an ETF on or around Nov. 14, 2025. Final transaction dates: buy by Nov. 12, sell by Nov. 13. See the information statement for more details.

Mutual Funds collapse row Thrivent Equity Funds
Thrivent Mid Cap Value Fund —
Class S —
TMCVX
Buy funds
TMCVX
Thrivent Mid Cap Value Fund
Class
S
Morningstar Rating
Mid-Cap Value
4-star
Rating 4
Overall among 377 funds as of
10/31/2025
Morningstar ratings are calculated based on risk-adjusted return.
Inception date
02/28/2020
As of
Net asset value
-
Daily NAV change
-
As of N/A
YTD return
6.23%
1-year return
5.83%
As of 10/31/2025
Net annual fund operating expenses
0.90%
As of
Sales charge
None
As of
Thrivent Mid Cap Value Fund
Class
S
Mutual Funds collapse row Thrivent Equity Funds

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 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, more than 50% have more than 20 years of investment experience, and more than 85% 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 10/31/2025
0.90% Net annual fund operating expenses
1.42% Total annual fund operating expenses
Thrivent Mid Cap Value Fund
3M 3.91%
YTD 6.23%
1Y 5.83%
3Y 9.88%
5Y 15.52%
Since Inception 02/28/2020 13.95%

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. If not waived, returns would have been lower. Refer to the Fees & Expenses table in the prospectus.

See data by:

Growth of 10K

as of 10/31/2025
$20,985
Total market value
$2,915
Current value of reinvested dividends and capital gains

Calendar year performance

as of 10/31/2025

Calendar year performance

as of 10/31/2025

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 10/31/2025
Total number of holdings
81
Turnover ratio (as of 09/30/2025)
59%

Top 10 Holdings

as of 09/30/2025
21.59%
of all holdings
N/A
N/A
Security name % of total assets
M&T Bank Corporation 2.58%
U.S. Bancorp 2.57%
Sysco Corporation 2.21%
MSC Industrial Direct Company, Inc. 2.17%
Labcorp Holdings, Inc. 2.11%
Host Hotels & Resorts, Inc. 2.05%
Hexcel Corporation 2.01%
Allstate Corporation 2.00%
Unilever plc ADR 1.98%
General Dynamics Corporation 1.91%

Fund Diversification

as of 09/30/2025
N/A
N/A

Ratings

Capital gains - trailing 12 months

as of 10/31/2025
Record date Short term capital gains Long term capital gains Total
12/11/2024 - $0.9225 $0.9225

Due to rounding, some values may not total 100%. Effective 2/28/2025, certain cash-designated holdings (e.g., futures) were reallocated to their asset classes due to a data source change.

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.