Fund Evaluator:

Thrivent Small Cap Stock S Overview

Thrivent Small Cap Stock S (TSCSX) is an actively managed U.S. Equity Small 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 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 S (TSCSX)

There are 4 members of the management team with an average tenure of 4.09 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 S has 83 securities in its portfolio. The top 10 holdings constitute 22.0% 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 S is part of the Equity global asset class and is within the U.S. Equity fund group. Thrivent Small Cap Stock S has 2.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.6%. There is 2.5% 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 S has 2.9% of the portfolio in cash.

Assets Under Management

The fund has $2 billion in total assets, which is above the $694 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.

TSCSX 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 S expense ratio is above average compared to funds in the Small Blend category. Thrivent Small Cap Stock S has an expense ratio of 0.79%, which is 24% 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 Small Cap Stock S 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 65% for the Small Blend category.

Recently, in the month of June 2026, Thrivent Small Cap Stock S returned 7.9%, which earned it a grade of A, as the Small Blend category had an average return of 5.9%. 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 S has a trailing yield of 0.33%, which is below the 0.41% 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 S Grades

Year to date, the fund has returned 20.3%, 1.4 percentage points worse than the category, which translates into a grade of C. The fund has returned 29.9% over the past year (grade of D), 13.6% over the past three years (grade of D) and 7.3% per year over the past five years (grade of C) and 13.4% per year over the past 10 years (grade of A).

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