THRIVENT LARGE CAP VALUE FUND

Thrivent Mutual Funds · 2 share classes

Actively managed U.S. equity fund
One fund, 2 share classes:AAUTXTLVIX
$3.53B NAV
81 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 VALUE FUND is an actively managed U.S. equity fund. 7% of AAUTX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 90% of the fund’s equity).

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

Fund profile

As filed in the prospectus · 2026 Q1

Thrivent Large Cap Value Fund (the "Fund") seeks to achieve long-term growth of capital.

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 constituents of the Russell 1000 or S&P 500 Index. The adviser uses fundamental analysis to identify stocks believed undervalued relative to long-term earnings potential or asset value, and may sell positions to secure gains, limit losses, or reallocate to more promising opportunities.

Expenses
0.56% 0.83%across 2 share classes
Share classExpense ratio
AAUTX0.83%
TLVIX0.56%

Portfolio turnover 23.00% · as of 2026 Q1

Allocation

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

100.10%
of net assets
Stocks96.82%
Cash & short-term3.28%

Sector allocation

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

100%
of net assets
Financials17.4%
Industrials12.3%
Health Care11.1%
Information Technology9.8%
9 smaller49.4%

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
7%of stock holdings in top-quartile growers
covering 90% of the fund’s equity
Earnings growth
9%of stock holdings in top-quartile growers
covering 83% 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: 1 new6 exited

New: VGNT

Exited: MU, CAT, FCNCA, BMRN, Thrivent Mutual Funds, SNY

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+32.45%+62.67%+74.65%9.27%-8.89%
+32.79%+64.03%+77.15%9.24%-8.84%

These classes hold the same portfolio, so the 2.50pp spread over 5 years is the cost difference between them — roughly 0.50pp 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
STATE ST INST US GOV MM FUNDGVMXX3.28%$115.97M
SAMSUNG ELECTRONICS CO LTD3.19%$112.59M
MICROSOFT CORPORATIONMSFT3.07%$108.47M
EXXON MOBIL CORPXOM2.94%$103.69M
WELLS FARGO & COMPANYWFC2.62%$92.48M
BANK OF AMERICA CORPBAC2.46%$86.82M
ALPHABET INCGOOG2.32%$81.82M
CISCO SYSTEMS INCCSCO2.25%$79.30M
QUALCOMM INCORPORATEDQCOM2.13%$75.21M
MERCK & CO INCMRK2.08%$73.46M
Showing 10 of 81Sign in to see more

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 26.32% of net assets, top 25 51.97%, across 81 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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