Fund Evaluator:
Thrivent Small Cap Stock A (AASMX)
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Best Performing in Small Blend Over the Last Year
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Fund Details
Thrivent Small Cap Stock A Overview
Thrivent Small Cap Stock A (AASMX) is an actively managed U.S. Equity Small Blend fund. Thrivent Funds launched the fund in 1996.
The investment seeks long-term capital growth. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of small companies. The Adviser focuses mainly on the equity securities of smaller U.S. companies which have market capitalizations equivalent to those companies included in widely known indices such as the Russell 2000® Index, S&P SmallCap 600® Index, or the small company market capitalization classifications published by Morningstar or Lipper, Inc.
About Thrivent Small Cap Stock A (AASMX)
There are 4 members of the management team with an average tenure of 4.26 years: James Tinucci (2015), Katelyn Young (2023), Matthew Carlone (2025), Gregory Scolaro (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 TR USD index with a weighting of 100%. Thrivent Small Cap Stock A has 83 securities in its portfolio. The top 10 holdings constitute 18.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Thrivent Small Cap Stock A is part of the Equity global asset class and is within the U.S. Equity fund group. Thrivent Small Cap Stock A has 2.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.8%. There is 2.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Thrivent Small Cap Stock A has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $537 million in total assets, which is below the $683 million average for the Small Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AASMX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Thrivent Small Cap Stock A expense ratio is high compared to funds in the Small Blend category. Thrivent Small Cap Stock A has an expense ratio of 1.00%, which is 4% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Thrivent Small Cap Stock A has a portfolio turnover rate of 65%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 66% for the Small Blend category.
Recently, in the month of August 2026, Thrivent Small Cap Stock A returned -0.1%, which earned it a grade of C, as the Small Blend category had an average return of -0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Thrivent Small Cap Stock A has a trailing yield of 0.34%, which is below the 0.43% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Thrivent Small Cap Stock A Grades
Year to date, the fund has returned 15.6%, 2.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 15.7% over the past year (grade of D), 11.4% over the past three years (grade of F) and 5.9% per year over the past five years (grade of D) and 11.8% per year over the past 10 years (grade of A).
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AASMX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AASMX Return (NAV) | -0.1% | 3.8% | 15.7% | 11.4% | 5.9% | 11.8% |
| AASMX Grade | C | B | D | F | D | A |
| +/- Category | 0.0% | 1.0% | -5.3% | -3.4% | -1.2% | 1.6% |
| Small Blend Avg | -0.1% | 2.8% | 21.0% | 14.8% | 7.2% | 10.2% |
| AASMX Tax Cost Ratio | na | na | 0.7% | 0.4% | 1.6% | 1.8% |
AASMX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AASMX Return (NAV) | 15.6% | 2.1% | 11.1% | 12.2% | -10.9% | 24.1% | 22.5% | 27.4% | -10.6% | 20.9% | 25.2% |
| AASMX Grade | D | F | C | F | A | C | A | B | B | A | A |
| +/- Category | -2.4% | -5.9% | -0.3% | -4.4% | 5.5% | 0.8% | 8.1% | 1.9% | 1.3% | 7.0% | 4.9% |
| Small Blend Avg | 18.1% | 8.0% | 11.5% | 16.6% | -16.5% | 23.3% | 14.4% | 25.5% | -11.9% | 13.9% | 20.4% |
| Risk Measures | |
| Standard Deviation: | 17.9% |
| Total Risk Index: | 1.47 - High |
| Category Risk Index: | 0.98 - Below Average |
| Category Risk Grade: | B (38% Rank) |
| Beta: | 1.04 |
| R-Squared: | 56% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2855 Mil |
| Fund Total Assets: | $ 538 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 65% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 11.5 years | |||
| Average Tenure: 4.3 years | |||
| Managers (Year): Tinucci James (2015), Young Katelyn (2023), Carlone Matthew (2025), Scolaro Gregory (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 83 |
| % in Top 10 Holdings: | 18.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.4% |
Portfolio Allocation |
|
| Domestic Stock: | 96.8% |
| Foreign Stock: | 2.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Fund Family: | Thrivent Funds |
| Phone Number: | 800-847-4836 |
| Website: | www.ThriventFunds.com. |
| Status: | Open |
| Inception Date: | July 1, 1996 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | No |
| Front Load Maximum: | 4.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.00% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | Thrivent Small Cap Stock A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
