THRIVENT LARGE CAP GROWTH FUND

Thrivent Mutual Funds · 2 share classes

Actively managed U.S. equity fund
One fund, 2 share classes:AAAGXTHLCX
$4.36B NAV
44 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

THRIVENT LARGE CAP GROWTH FUND is an actively managed U.S. equity fund. 31% of AAAGX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 98% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund
Features
Non-diversified

Fund profile

As filed in the prospectus · 2026 Q1

Thrivent Large Cap Growth Fund (the "Fund") seeks long-term capital appreciation.

Strategy · summarised

The fund invests at least 80% of assets in equity securities of large-cap companies, defined as those with market capitalizations at or above the smallest company in the Russell 1000 Index or S&P 500 Index. The adviser uses fundamental analysis to identify stocks expected to deliver above-average earnings growth relative to the broader economy and market, with a particular focus on technology companies. As a non-diversified fund, it may concentrate holdings in a relatively few number of issuers, creating potential for greater volatility tied to the performance of those positions.

Expenses
0.74% 0.99%across 2 share classes
Share classExpense ratio
AAAGX0.99%
THLCX0.74%

Portfolio turnover 46.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.16%
of net assets
Stocks97.63%
Cash & short-term1.83%
Other0.70%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology40.2%
Communication Services16.4%
Consumer Discretionary13.2%
Industrials10.5%
8 smaller19.8%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
31%of stock holdings in top-quartile growers
covering 98% of the fund’s equity
Earnings growth
40%of stock holdings in top-quartile growers
covering 91% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 7 new3 exited

New: ETN, GEV, HLT, EME, CDNS, INTU, ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND

Exited: ORCL, DASH, APP

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+29.24%+91.89%+65.51%18.83%-12.56%
+29.55%+93.36%+67.81%18.84%-12.47%

These classes hold the same portfolio, so the 2.31pp spread over 5 years is the cost difference between them — roughly 0.46pp a year — not a difference in what they own.

Cumulative return· May 2023 – Apr 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CORPORATIONNVDA10.85%$473.15M
AMAZON.COM INCAMZN7.95%$346.77M
MICROSOFT CORPORATIONMSFT6.09%$265.57M
APPLE INCAAPL5.97%$260.46M
ALPHABET INCGOOGL5.33%$232.40M
BROADCOM INCAVGO5.13%$223.62M
ALPHABET INCGOOG4.63%$201.96M
META PLATFORMS INCMETA4.09%$178.34M
TESLA INC (PRE-REINCORPORATION)TSLA2.78%$121.40M
ADVANCED MICRO DEVICES INCAMD2.52%$109.72M
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Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.

Top 10 positions are 55.34% of net assets, top 25 82.36%, across 43 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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