Fund Evaluator:
Thrivent Mid Cap Stock S (TMSIX)
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Best Performing in Mid-Cap Blend Over the Last Year
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Fund Details
Thrivent Mid Cap Stock S Overview
Thrivent Mid Cap Stock S (TMSIX) is an actively managed U.S. Equity Mid-Cap Blend fund. Thrivent Funds launched the fund in 1997.
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 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.
About Thrivent Mid Cap Stock S (TMSIX)
There are 3 members of the management team with an average tenure of 10.18 years: Vikram Kaura (2022), J.P. McKim (2022), Brian Flanagan (2004). 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 Mid Cap TR USD index with a weighting of 100%. Thrivent Mid Cap Stock S has 68 securities in its portfolio. The top 10 holdings constitute 24.9% 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 Mid Cap Stock S is part of the Equity global asset class and is within the U.S. Equity fund group. Thrivent Mid Cap Stock S has 6.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 91.7%. There is 6.2% 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 Mid Cap Stock S has 2.2% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is above the $1 billion average for the Mid-Cap 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.
TMSIX 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 Mid Cap Stock S expense ratio is above average compared to funds in the Mid-Cap Blend category. Thrivent Mid Cap Stock S has an expense ratio of 0.75%, which is 23% lower than its category average, making the fund expense ratio grade a B. 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 Mid Cap Stock S has a portfolio turnover rate of 53%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Blend category.
Recently, in the month of June 2026, Thrivent Mid Cap Stock S returned 4.4%, which earned it a grade of C, as the Mid-Cap Blend category had an average return of 4.1%. 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 Mid Cap Stock S has a trailing yield of 0.36%, which is below the 0.47% 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 Mid Cap Stock S Grades
Year to date, the fund has returned 18.7%, 3.3 percentage points better than the category, which translates into a grade of B. The fund has returned 22.2% over the past year (grade of C), 12.4% over the past three years (grade of D) and 7.0% per year over the past five years (grade of D) and 12.5% per year over the past 10 years (grade of A).
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TMSIX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TMSIX Return (NAV) | 4.4% | 18.2% | 22.2% | 12.4% | 7.0% | 12.5% |
| TMSIX Grade | C | B | C | D | D | A |
| +/- Category | 0.3% | 3.8% | 0.1% | -2.3% | -1.2% | 1.5% |
| Mid-Cap Blend Avg | 4.1% | 14.4% | 22.0% | 14.7% | 8.2% | 11.0% |
| TMSIX Tax Cost Ratio | na | na | 2.6% | 1.3% | 1.4% | 1.4% |
TMSIX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TMSIX Return (NAV) | 18.7% | 4.6% | 10.2% | 13.9% | -17.6% | 28.2% | 21.9% | 24.8% | -10.4% | 18.9% | 28.6% |
| TMSIX Grade | B | D | D | D | D | A | A | F | C | B | A |
| +/- Category | 3.3% | -3.4% | -3.4% | -2.5% | -2.6% | 3.9% | 8.6% | -3.6% | -0.1% | 2.8% | 14.1% |
| Mid-Cap Blend Avg | 15.3% | 8.0% | 13.5% | 16.4% | -15.1% | 24.3% | 13.3% | 28.5% | -10.3% | 16.1% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 16.4% |
| Total Risk Index: | 1.35 - High |
| Category Risk Index: | 1.05 - Above Average |
| Category Risk Grade: | D (76% Rank) |
| Beta: | 1.03 |
| R-Squared: | 67% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $3165 Mil |
| Fund Total Assets: | $1,715 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 53% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 22.4 years | |||
| Average Tenure: 10.2 years | |||
| Managers (Year): Flanagan Brian (2004), Kaura Vikram (2022), McKim J.P. (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 68 |
| % in Top 10 Holdings: | 24.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.2% |
Portfolio Allocation |
|
| Domestic Stock: | 91.7% |
| Foreign Stock: | 6.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.2% |
Purchase Information
| Fund Family: | Thrivent Funds |
| Phone Number: | 800-847-4836 |
| Website: | www.ThriventFunds.com. |
| Status: | Open |
| Inception Date: | December 29, 1997 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.75% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.98% |
| Share Class: | Thrivent Mid Cap Stock A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
