Investment objective & strategy
As of April 29, 2025 · prospectusObjective. The investment objective of Thrivent All Cap Portfolio (the "Portfolio") is to seek long-term growth of capital.
Strategy. The Portfolio seeks to achieve its objective by investing primarily in common stocks of companies of any market capitalization or investment style. In buying and selling securities for the Portfolio, the Adviser uses an active strategy. This strategy consists of a disciplined approach that involves computer-aided, quantitative analysis of fundamental, technical and risk-related factors. The Advisers factor model (a method of analyzing and combining multiple data sources) systematically reviews thousands of stocks, using data such as historical earnings growth and expected future growth, valuation, price momentum, and other quantitative factors to forecast return potential. Then, risk characteristics of potential investments and covariation among securities are analyzed along with the return forecasts in determining the Portfolios holdings. The Portfolio seeks to achieve its objective by investing primarily in common stocks of companies of any market capitalization or investment style. In buying and selling securities for the Portfolio, the Adviser uses an active strategy. This strategy consists of a disciplined approach that involves computer-aided, quantitative analysis of fundamental, technical and risk-related factors. The Advisers factor model (a method of analyzing and combining multiple data sources) systematically reviews thousands of stocks, using data such as historical earnings growth and expected future growth, valuation, price momentum, and other quantitative factors to forecast return potential. Then, risk characteristics of potential investments and covariation among securities are analyzed along with the return forecasts in determining the Portfolios holdings.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $11.85M | 5.84% |
| APPLE INC | — | $10.12M | 4.99% |
| MICROSOFT CORP | — | $8.47M | 4.18% |
| Roundhill Magnificent Seven ETF | MAGS | $8.42M | 4.15% |
| Thrivent Cash Management Trust | — | $8.13M | 4.01% |
| AMAZON.COM INC | — | $6.55M | 3.23% |
| ALPHABET INC CL C | — | $4.48M | 2.21% |
| ALPHABET INC CL A | — | $4.40M | 2.17% |
| META PLATFORMS INC CL A | — | $3.96M | 1.95% |
| BERKSHIRE HATH-B | — | $3.93M | 1.94% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| VANGUARD MEGA CAP INDEX FUND · VMCTX, MGC | 56% | 0.05% |
| VANGUARD LARGE-CAP INDEX FUND · VLACX, VLCAX, VLISX, VV | 55% | 0.03% |
| Horizon Defined Risk Fund · HNDRX, HIDRX, HADRX | 55% | 0.92% |
Advisers
| Firm | Role |
|---|---|
| Thrivent Financial for Lutherans | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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