Thrivent Mid Cap Stock Fund Q4 2025 Commentary

Thrivent Asset Management9 FollowersFollow5ShareSavePlay(7min)CommentsSummaryThrivent Mid Cap Stock Fund — S share returned 1.68% for the quarter and 4.57% for the year, underperforming the Russell Midcap Index.Albemarle benefited from decreasing industry supply and increasing storage demand as high-cost lithium producers finally started shutting down production.Southwest Airlines gained as company specific improvements led to increased margin and return expectations.NVR Inc. struggled to hit sales and margin targets as high interest rates and construction costs hurt home affordability and drove down demand.Casey's General Stores led the Consumer Staple returns as the company's in-store food and beverage and private label offerings produced industry leading returns. denphumi/iStock via Getty Images Executive Summary Thrivent Mid Cap Stock Fund outperformed the Russell Mid Cap Index during the fourth quarter and underperformed during the 12 months ending December 31, 2025. Many sectors contributed to the outperformance during the This article was written byThrivent Asset Management9 FollowersFollowThrivent has offered investment products since 1970. The investment adviser for our funds is Thrivent Asset Management, LLC (TAM), a subsidiary of Thrivent. A membership-owned fraternal organization, Thrivent has provided holistic financial services and dedication to serving our clients for more than 100 years. Thrivent Distributors, LLC, a registered broker-dealer and member FINRA, is the distributor for Thrivent Mutual Funds and Thrivent Variable Portfolios. ALPS Distributors, Inc., member FINRA, is the distributor for Thrivent ETFs. Thrivent Distributors, LLC is the marketing agent for Thrivent ETFs. Asset management services for the Thrivent Mutual Funds and Thrivent ETFs are provided by Thrivent Asset Management, LLC, an SEC-registered investment adviser.

Thrivent Asset Management, LLC also provides sponsors of managed accounts with non-discretionary investment advice in the form of model portfolios.

Thrivent Variable Portfolios are advised by Thrivent, an SEC-registered investment adviser. Thrivent Distributors, LLC and Thrivent Asset Management, LLC are both subsidiaries of Thrivent, the marketing name for Thrivent Financial for Lutherans. ALPS Distributors, Inc. is not affiliated with Thrivent or any of its subsidiaries. Note: This account is not managed or monitored by Thrivent, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use the Thrivent's official channels.