- Business
- Thrivent Mid Cap Stock Fund Class A (AASCX) is an open-end mutual fund managed by Thrivent Funds that seeks long-term capital growth through investment in equity securities of mid-sized companies. The fund normally invests at least 80% of its net assets (plus any borrowing for investment purposes) in mid-cap U.S. equities, focusing on a blend of growth and value stocks with market capitalizations comparable to those in the Russell Midcap Index or S&P MidCap 400 Index; it maintains a diversified portfolio across sectors such as industrials (approximately 22%), financials (18%), information technology (14%), and consumer discretionary (11%), with top holdings including Steel Dynamics Inc., Trimble Inc., Garmin Ltd., Rockwell Automation Inc., and Arch Capital Group Ltd. Class A shares feature a front-end load of 4.50%, a net expense ratio of 0.96%, a minimum initial investment of $2,000, and annual distributions, primarily from long-term capital gains.
Thrivent Funds, the fund sponsor, operates as part of Thrivent Financial for Lutherans, a Fortune 500 not-for-profit fraternal benefit society founded in 1902 and headquartered in Minneapolis, Minnesota, with additional operations in Appleton, Wisconsin. The organization serves over 2.3 million members primarily in the United States through a range of financial services encompassing mutual funds, insurance, investments, banking, and advice; Thrivent Mid Cap Stock Fund Class A, launched on June 30, 1993, targets long-term investors seeking mid-cap blend exposure with assets under management exceeding $3.5 billion as of late 2025.
In recent developments, Thrivent expanded its ETF suite in November 2025 by converting certain mid-cap and small-cap value mutual funds into ETFs, including the Thrivent Mid Cap Value ETF managed by Graham Wong and Nicholas Griffith, signaling a strategic shift toward exchange-traded products for enhanced accessibility and long-term capital growth objectives, though AASCX itself remains a mutual fund offering. Earlier in 2024, Thrivent received FDIC approval to establish Thrivent Bank through a merger with its federal credit union, bolstering its banking capabilities to attract younger clients with FDIC-insured deposits up to $250,000 and integrating with its broader suite of investment and insurance products. These initiatives reflect Thrivent's ongoing evolution to diversify delivery formats and strengthen holistic financial services amid competitive pressures in the U.S. asset management industry.