Investment objective & strategy
As of Feb. 27, 2025 · prospectusObjective. Thrivent Mid Cap Value Fund (the "Fund") seeks long-term capital growth. The Fund's investment objective may be changed without shareholder approval.
Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of mid-sized companies. The Adviser focuses mainly on the equity securities of mid-sized U.S. companies which have market capitalizations equivalent to those included in widely known indices such as the Russell Midcap Index, S&P MidCap 400 Index, or the mid-sized company market capitalization classifications published by Morningstar or Lipper, Inc. The Fund defines mid-cap companies as those with market capitalizations at the time of purchase in the range of companies in either the Russell Midcap Index (approximately $159.4 million to $171.7 billion as of December 31, 2024) or the S&P MidCap 400 Index (approximately $2.3 … Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of mid-sized companies. The Adviser focuses mainly on the equity securities of mid-sized U.S. companies which have market capitalizations equivalent to those included in widely known indices such as the Russell Midcap Index, S&P MidCap 400 Index, or the mid-sized company market capitalization classifications published by Morningstar or Lipper, Inc. The Fund defines mid-cap companies as those with market capitalizations at the time of purchase in the range of companies in either the Russell Midcap Index (approximately $159.4 million to $171.7 billion as of December 31, 2024) or the S&P MidCap 400 Index (approximately $2.3 billion to $22.9 billion as of December 31, 2024). Should the Adviser change the investments used for purposes of this 80% threshold, you will be notified at least 60 days prior to the change. The Fund seeks to achieve its investment objective by investing primarily in common stocks. The Adviser uses fundamental analysis and other investment techniques to identify stocks of companies that it believes are undervalued in relation to their long-term earnings potential or asset value. The Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or reposition assets to more promising opportunities.
Top holdings
As of Oct. 31, 2025 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US BANCORP DEL | — | $380.91K | 2.46% |
| M&T BANK CORP | — | $368.66K | 2.38% |
| HEXCEL CORPORATION | — | $350.86K | 2.27% |
| CROWN HOLDINGS INC | — | $327.01K | 2.11% |
| FLOWSERVE CORP | — | $318.86K | 2.06% |
| MKS INSTRUMENTS INC | — | $311.56K | 2.01% |
| UNILEVER PLC-SPONSORED ADR DEPOSITARY RECEIPT | UL | $307.69K | 1.99% |
| MSC INDUSTRIAL DIRECT CO CL A | — | $306.61K | 1.98% |
| SYSCO CORP | — | $305.14K | 1.97% |
| GENERAL DYNAMICS CORPORATION | — | $296.27K | 1.92% |
Portfolio moves
Jul 31, 2025 → Oct 31, 2025How 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. |
|---|---|---|
| THRIVENT CORE MID CAP VALUE FUND | 87% | 0.05% |
| THRIVENT MID CAP VALUE PORTFOLIO | 81% | 0.89% |
| Thrivent Mid Cap Value ETF · TMVE | 79% | 0.55% |
Advisers
| Firm | Role |
|---|---|
| Thrivent Asset Management, LLC | Adviser |
Footnotes
- Expense ratio as of February 27, 2025, from the fund's prospectus.
- Net assets and holdings count as of October 31, 2025, from the fund's N-PORT filing.
- Total return for calendar year 2024, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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