Class
Mutual funds may offer different “classes” of shares. Classes indicate the type and number of fees or expenses a shareholder can expect to pay for shares of a fund.
Class S
No-load share class with no sales charges or 12b-1 fees. Prior to February 1, 2016, Class S shares were named Class I (Institutional) shares.
Class A
Front-end load share class. This fund is not offered as Class A.
Risk Profile
The risk profile within the Thrivent products has been categorized into five levels: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive, ranging from lower risk potential to higher risk potential. Funds on the lower risk portion of the scale (Conservative, Moderately Conservative) are expected to have a lower degree of volatility and price fluctuations while those on the higher risk portion of the scale (Aggressive, Moderately Aggressive) are expected to have a higher degree of volatility and price fluctuations.
Market Cap & Style
Shows a fund’s primary equity style (growth, value, or blend) and primary market capitalization (large, mid, or small). 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. Market capitalization is a measure of the size of the companies held in the fund, calculated by multiplying a company’s total outstanding shares by the stock price. Market cap ranges change as stock market valuations shift over time. In general, market cap ranges of approximately $1-5 billion represent small cap stocks, $5-15 billion represents mid cap stocks and greater than $15 billion represents large cap stocks. Funds may hold securities that fall into different market cap ranges. See the prospectus for more details.
Morningstar Rating
If shown, the Morningstar star rating is a rating given to mutual funds (and other managed products) by the investment research firm Morningstar. The ratings range from one to five stars, with one being the poorest and five being the best. The ratings are a snapshot of risk-adjusted performance at a point in time and should not be the only thing considered when making a fund selection.
Net Asset Value (NAV)
The NAV is a fund’s value or price per share. The NAV is calculated by dividing the market value of all a fund’s shares (minus its liabilities) by the number of issued shares.
Daily NAV Change
The daily NAV change is the difference between a fund’s current price per share and its price at the time of market close on the prior day.
Returns
Returns are calculated on a year-to-date and trailing 12-month basis. These returns, also known as trailing returns, illustrate a fund's performance over a specific time period, including capital appreciation as well as reinvested dividends and capital gains distributions.
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain a fund, including operating expenses and management fees. It’s calculated by dividing a fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
Sales Charges
The commission paid by an investor upon investment in a fund.
Net Asset Value (NAV)
The NAV is a fund’s value or price per share. The NAV is calculated by dividing the market value of all a fund’s shares (minus its liabilities) by the number of issued shares.
Daily NAV Change
The daily NAV change is the difference between a fund’s current price per share and its price at the time of market close on the prior day.
Returns
Returns are calculated on a year-to-date and trailing 12-month basis. These returns, also known as trailing returns, illustrate a fund's performance over a specific time period, including capital appreciation as well as reinvested dividends and capital gains distributions.
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain a fund, including operating expenses and management fees. It’s calculated by dividing a fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
Sales Charges
The commission paid by an investor upon investment in a fund.
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:
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.
Mr. Wong joined Thrivent in 2013, serving as a portfolio manager. Read more.
Mr. Griffith joined Thrivent in 2021, serving as a senior portfolio manager. Read more.
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
These returns, also known as trailing returns, illustrate fund performance over a specific time period, including capital appreciation as well as reinvested dividends and capital gains distributions.
All returns greater than one year are annualized; returns for periods of less than one year are not annualized.
Annual Fund Operating Expenses
This figure represents the total percentage of a fund’s assets used to maintain the fund, including operating expenses and management fees. It does not include the impact of any fee waivers or expense reimbursements that may have been in effect during the time period. It’s calculated by dividing the fund’s annual operating expenses by the average dollar value of its assets.
Net Annual Fund Operating Expenses (if applicable)
This figure represents the total percentage of a fund’s assets used to maintain the fund, including operating expenses and management fees. It’s calculated by dividing the fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
Performance shown assumes the reinvestment of all dividends and capital gains. Performance of other share classes will vary from the results shown based on differences in sales charges and expenses.
The Morningstar average represents the average total return annualized when greater than one year for all reported funds in the category. Morningstar averages do not include sales charges/fees. If included, returns would have been lower.
Any indexes shown are unmanaged and do not reflect the typical costs of investing. Investors cannot invest directly in an index.
Russell Midcap® Value Index measures the performance of U.S. medium-capitalization value-oriented equities.
S&P Midcap 400 Value Index measures the performance of U.S. medium-capitalization value-oriented equities.
Performance shown assumes the reinvestment of all dividends and capital gains. Performance of other share classes will vary from the results shown based on differences in sales charges and expenses.
The Morningstar average represents the average total return annualized when greater than one year for all reported funds in the category. Morningstar averages do not include sales charges/fees. If included, returns would have been lower.
Any indexes shown are unmanaged and do not reflect the typical costs of investing. Investors cannot invest directly in an index.
Russell Midcap® Value Index measures the performance of U.S. medium-capitalization value-oriented equities.
S&P Midcap 400 Value Index measures the performance of U.S. medium-capitalization value-oriented equities.
Thrivent Mid Cap Value Fund | Russell MidCap Value Index | S&P MidCap 400 Value Index | Morningstar Mid-Cap Value Avg | |
---|---|---|---|---|
3M | 3.06% | 2.50% | 1.77% | 0.97% |
YTD | 9.98% | 13.63% | 9.96% | 11.51% |
1Y | 28.45% | 34.03% | 32.74% | 29.65% |
3Y | 6.85% | 5.10% | 6.88% | 6.51% |
Since Inception 2/28/2020 | 15.76% | - | - | - |
Thrivent Mid Cap Value Fund | Russell MidCap Value Index | S&P MidCap 400 Value Index | Morningstar Mid-Cap Value Avg | |
---|---|---|---|---|
3M | 7.41% | 10.08% | 9.51% | 8.98% |
YTD | 9.68% | 15.08% | 10.01% | 13.06% |
1Y | 21.62% | 29.01% | 24.99% | 25.80% |
3Y | 8.57% | 7.39% | 8.45% | 8.50% |
Since Inception 2/28/2020 | 16.01% | - | - | - |
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.
Growth of $10,000
A fund’s performance over the past 10 years or since a fund’s inception (if less than 10 years), based on how an initial $10,000 investment would have changed over time. Performance shown assumes the reinvest of all dividends and capital gains. Performance of other share classes will vary from the results shown based on differences in sales charges and expenses.
Date | $∆ | %∆ | Total Market |
---|---|---|---|
2024 | +9,829.95 | +98.30% | $19,829.95 |
2023 | +8,030.21 | +80.30% | $18,030.21 |
2022 | +5,913.73 | +59.14% | $15,913.73 |
2021 | +6,813.75 | +68.14% | $16,813.75 |
2020 | +2,736.04 | +27.36% | $12,736.04 |
Date | Thrivent Mid Cap Value Fund | Russell MidCap Value Index | S&P MidCap 400 Value Index | Morningstar Mid-Cap Value Avg |
---|---|---|---|---|
2023 | 13.30% | 12.71% | 15.39% | 13.94% |
2022 | -5.35% | -12.03% | -6.93% | -8.02% |
2021 | 32.02% | 28.34% | 30.65% | 29.32% |
Calendar Year Performance
A fund’s performance over each previous calendar year. The annual total returns are calculated on a calendar-year basis, and include both capital appreciation and dividends. Periods of less than one year are not shown.
Performance shown assumes the reinvestment of all dividends and capital gains. Performance of other share classes will vary from the results shown based on differences in sales charges and expenses.
The Morningstar average represents the average total return annualized when greater than one year for all reported funds in the category. Morningstar averages do not include sales charges/fees. If included, returns would have been lower.
Any indexes shown are unmanaged and do not reflect the typical costs of investing. Investors cannot invest directly in an index.
Russell Midcap® Value Index measures the performance of U.S. medium-capitalization value-oriented equities.
S&P Midcap 400 Value Index measures the performance of U.S. medium-capitalization value-oriented equities.
Performance shown assumes the reinvestment of all dividends and capital gains. Performance of other share classes will vary from the results shown based on differences in sales charges and expenses.
The Morningstar average represents the average total return annualized when greater than one year for all reported funds in the category. Morningstar averages do not include sales charges/fees. If included, returns would have been lower.
Any indexes shown are unmanaged and do not reflect the typical costs of investing. Investors cannot invest directly in an index.
Russell Midcap® Value Index measures the performance of U.S. medium-capitalization value-oriented equities.
S&P Midcap 400 Value Index measures the performance of U.S. medium-capitalization value-oriented equities.
Date | Thrivent Mid Cap Value Fund | Russell MidCap Value Index | S&P MidCap 400 Value Index | Morningstar Mid-Cap Value Avg |
---|---|---|---|---|
2023 | 13.30% | 12.71% | 15.39% | 13.94% |
2022 | -5.35% | -12.03% | -6.93% | -8.02% |
2021 | 32.02% | 28.34% | 30.65% | 29.32% |
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.
Total Number of Holdings
The number of different investment products that make up a fund’s portfolio.
Turnover Ratio
The percentage of a fund’s holdings over the trailing 12 months that have been traded out or replaced with other holdings. The turnover ratio is calculated by dividing the lesser of long-term purchases or long-term sales by average long-term market value.
Top 10 Holdings
A fund’s top 10 holdings by percentage of the total assets. Holdings from the same issuer are represented as separate holdings if they have different coupon rates or maturity dates. This excludes derivatives and cash that a fund may hold. (Updated monthly with 30-day lag)
Security name | % of total assets |
---|---|
U.S. Bancorp | 2.29% |
Healthcare Realty Trust, Inc. | 2.01% |
Yum China Holding, Inc. | 2.00% |
Carlyle Group, Inc. | 1.97% |
MSC Industrial Direct Company, Inc. | 1.92% |
NiSource, Inc. | 1.85% |
Charles Schwab Corporation | 1.83% |
Allstate Corporation | 1.82% |
Hexcel Corporation | 1.79% |
Selective Insurance Group, Inc. | 1.79% |
Fund Diversification
The market sector breakdown by percentage that makes up a fund’s portfolio. (Updated quarterly)
Equity Characteristics
Statistics shown below are compared to the S&P 500® Index. The benchmark is intended to provide a comparison to the broad U.S. large cap stock market, and may not be representative of a fund's investment strategies and holdings.
Price to Earnings Ratio (P/E)
A valuation ratio of a company’s current share price compared to its earnings per-share, calculated by dividing the market value per share by its trailing 12-month earnings.
Return on Equity (ROE)
A measure of corporate profitability that shows how much net income the companies in the portfolio have generated as a percentage of shareholder equity.
Any indexes shown are unmanaged and do not reflect the typical costs of investing. Investors cannot invest directly in an index.
P/E Ratio | Return on Equity | |
---|---|---|
Thrivent Mid Cap Value Fund | 18.73 | 15.56% |
S&P 500® Index | 27.42 | 30.08% |
© 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
A high rating does not necessarily imply that a fund had the best total performance or that the fund achieved positive results for that period. Morningstar rating is for the named share class only; other classes may have difference performance characteristics. Please see the Performance section for results as of the most recent month- and quarter-end.
Overall Risk vs Category
An assessment of the variations in a fund's monthly returns in comparison to similar funds, with an emphasis on downward variation. The greater the variation, the larger the risk score. If two funds have the exact same return, the one with greater variations in its return is given the larger risk score. In each Morningstar Category, the 10% of funds with the lowest measured risk are described as Low Risk, the next 22.5% Below Average, the middle 35% Average, the next 22.5% Above Average, and the top 10% High. Morningstar Risk is measured for up to three time periods (three-, five-, and 10-years). These separate measures are then weighted and averaged to produce an overall measure for the fund. The score shown is the overall measure. Funds with less than three years of performance history are not rated.
Overall Return vs Category
An assessment of a fund's excess return over a risk-free rate (the return of the 90-day Treasury bill) in comparison to similar funds, with an emphasis on downward variation. Therefore, if two funds have precisely the same return, the one with greater variations in its return is given the lower return score. In each Morningstar Category, the top 10% of funds earn a High Morningstar Return, the next 22.5% Above Average, the middle 35% Average, the next 22.5% Below Average, and the bottom 10% Low. Morningstar Return is measured for up to three time periods (three-, five-, and 10-years). These separate measures are then weighted and averaged to produce an overall measure for a fund. The score shown is the overall measure. Funds with less than three years of performance history are not rated.
Morningstar ratings are calculated based on risk-adjusted return.
Thrivent Mid Cap Value Fund appeared as a mid market-cap style, value investment style fund on the Morningstar Style Box™ as of 08/31/2024.
The Morningstar Style Box™ reveals a fund’s investment strategy. For equity funds, the vertical axis of the Equity Style Map shows the market capitalization of the stocks owned (large, medium, or small) and the horizontal axis shows investment style (value, blend, or growth).
Dividends | Month End Nav | |
---|---|---|
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 |
July 2024 | $0.0000 | $17.64 |
August 2024 | $0.0000 | $17.63 |
September 2024 | $0.0000 | $18.13 |
October 2024 | $0.0000 | $18.18 |
Trailing 12-Months; Dividend Schedule: Paid Annually
A capital gain is a profit that a fund realizes by selling securities for a price higher than at which they were purchased.
Short-Term Capital Gain Distributions
Capital gains paid on assets held by a fund for one year or less.
Long-Term Capital Gain Distributions
Capital gains paid on assets held by a fund for more than one year.
Record date | Short term capital gains | Long term capital gains | Total |
---|---|---|---|
- | - | - | - |
Management Fees and Other Expenses
This figure represents the total percentage of a mutual fund's assets paid to the investment adviser for portfolio management and investment services (the "management fee"), "Acquired Fund Fees and Expenses" (if a fund invests in other mutual funds or investments with management fees), plus "Other Expenses" such as custodial, transfer agency, legal, accounting and administrative fees that are required to operate a fund. For more information, please see the prospectus or Statement of Additional Information.
Distribution/12b-1 Fee (May not apply. See prospectus for more details)
This is an annual marketing or distribution fee on a mutual fund. This is an operational expense, so it’s included in a fund's expense ratio.
Total Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain a fund, including operating expenses and management fees. It does not include the impact of any fee waivers or expense reimbursements that may have been in effect during the time period. It’s calculated by dividing a fund’s annual operating expenses by the average dollar value of its assets.
Less Waiver (May not apply. See prospectus for more details)
Certain funds may be subject to an expense waiver, or the amount a fund's Adviser waives or assumes to keep a fund's expenses low.
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain a fund, including operating expenses and management fees. It’s calculated by dividing a fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
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
A fee charged for withdrawing money from a mutual fund. These fees are usually used to discourage shareholders from making too many sales in a short period of time.
Transaction Fee
A fee charged by a broker or other intermediary for assistance in purchasing or selling shares of a fund.
Low Balance Fee
A fee charged to offset expenses incurred when maintaining low balance accounts.
Due to the high cost to shareholders of maintaining accounts with low balances, the transfer agent may, by redeeming shares, charge a semiannual fee of $10 if the value of shares in the account falls to an amount below the fund minimum. See the Prospectus for more details.
Redemption Fee | None |
Transaction Fee | None |
Low Balance Fee | $10 semiannually |
Front-End Sales Charge
The sales charge applied at the time of an initial purchase of mutual fund shares. The charge is deducted from the amount being invested, so a front-end load lowers the size of the investment.
Back-End Sales Charge
The fee paid when selling shares in a mutual fund within a set number of years, often five to 10 years. The fee amounts to a percentage of the value of the share being sold. The fee percentage is highest in the first year and decreases yearly until the specified holding period ends, at which time it drops to zero.
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.
Initial Minimum Investments
The minimum amount of money needed to first invest in a mutual fund.
Additional Purchases Amount
After the initial minimum investment has been made, ongoing purchases of shares can happen at a much lower amount.
Recurring Investments
This indicates the smallest amount with which you may enter a fund’s automatic recurring plan. You can arrange for the fund to receive money from your checking account on a monthly, quarterly, semiannual, or annual basis.
Initial for non-retirement accounts | $2,000 |
Initial for retirement or tax deferred accounts | $1,000 |
Additional Purchases | $50 |
Due to rounding, some values may not total 100%.