Fund Evaluator:
Thrivent Large Cap Value S (TLVIX)
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Best Performing in Large Value Over the Last Year
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Fund Details
Thrivent Large Cap Value S Overview
Thrivent Large Cap Value S (TLVIX) is an actively managed U.S. Equity Large Value fund. Thrivent Funds launched the fund in 1999.
The investment seeks to achieve long-term growth of capital. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of large companies. The Adviser focuses mainly on the equity securities of large domestic and international companies which have market capitalizations equivalent to those included in widely known indices such as the Russell 1000® Index, S&P 500® Index, or the large company market capitalization classifications published by Morningstar or Lipper, Inc.
About Thrivent Large Cap Value S (TLVIX)
There are 2 members of the management team with an average tenure of 8.82 years: Thomas Lieu (2022), Kurt Lauber (2013). 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 1000 Value TR USD index with a weighting of 100%. Thrivent Large Cap Value S has 82 securities in its portfolio. The top 10 holdings constitute 27.8% 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 Large Cap Value S is part of the Equity global asset class and is within the U.S. Equity fund group. Thrivent Large Cap Value S has 7.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 90.4%. There is 7.6% 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 Large Cap Value S has 2.1% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is above the $1 billion average for the Large Value 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.
TLVIX 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 Large Cap Value S expense ratio is average compared to funds in the Large Value category. Thrivent Large Cap Value S has an expense ratio of 0.56%, which is 40% lower than its category average, making the fund expense ratio grade a A. 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 Large Cap Value S has a portfolio turnover rate of 23%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of June 2026, Thrivent Large Cap Value S returned 0.6%, which earned it a grade of D, as the Large Value category had an average return of 1.6%. 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 Large Cap Value S has a trailing yield of 1.06%, which is below the 1.25% 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 Large Cap Value S Grades
Year to date, the fund has returned 13.2%, 2.1 percentage points better than the category, which translates into a grade of B. The fund has returned 26.4% over the past year (grade of A), 18.0% over the past three years (grade of B) and 12.4% per year over the past five years (grade of A) and 13.3% per year over the past 10 years (grade of A).
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TLVIX 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 |
|
| TLVIX Return (NAV) | 0.6% | 10.3% | 26.4% | 18.0% | 12.4% | 13.3% |
| TLVIX Grade | D | C | A | B | A | A |
| +/- Category | -1.0% | 0.5% | 5.4% | 2.1% | 2.1% | 1.9% |
| Large Value Avg | 1.6% | 9.8% | 21.0% | 15.9% | 10.4% | 11.3% |
| TLVIX Tax Cost Ratio | na | na | 1.3% | 1.4% | 1.6% | 1.4% |
TLVIX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TLVIX Return (NAV) | 13.2% | 19.6% | 13.0% | 12.9% | -4.6% | 32.1% | 4.7% | 24.1% | -8.5% | 17.7% | 17.5% |
| TLVIX Grade | B | A | C | B | B | A | B | D | C | B | A |
| +/- Category | 2.1% | 4.5% | -1.1% | 1.1% | 1.5% | 6.3% | 0.9% | -1.5% | -0.0% | 1.3% | 3.0% |
| Large Value Avg | 11.1% | 15.2% | 14.1% | 11.8% | -6.1% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.5% |
| Risk Measures | |
| Standard Deviation: | 11.8% |
| Total Risk Index: | 0.97 - Average |
| Category Risk Index: | 0.98 - Below Average |
| Category Risk Grade: | B (39% Rank) |
| Beta: | 0.75 |
| R-Squared: | 69% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.1% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $3689 Mil |
| Fund Total Assets: | $3,302 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 23% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 13.3 years | |||
| Average Tenure: 8.8 years | |||
| Managers (Year): Lauber Kurt (2013), Lieu Thomas (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 82 |
| % in Top 10 Holdings: | 27.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 7.6% |
Portfolio Allocation |
|
| Domestic Stock: | 90.4% |
| Foreign Stock: | 7.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.1% |
Purchase Information
| Fund Family: | Thrivent Funds |
| Phone Number: | 800-847-4836 |
| Website: | www.ThriventFunds.com. |
| Status: | Open |
| Inception Date: | October 29, 1999 |
| 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 (%): | 0.56% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | Thrivent Large Cap Value S |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
