Thrivent Mid Cap Stock Fund Class S · NASDAQ:TMSIX
Thrivent Mid Cap Stock Fund Class S — Mid Cap Stock Fund Webinar (April 2018)
19 slides from Thrivent Mid Cap Stock Fund Class S's conference presentation, Apr 17, 2018
Slide 1: Thrivent Mid Cap Stock Fund Webinar Guide
THRIVENT MID CAP STOCK FUND April 17, 2018 Webinar Guide 2085836-041118 1 For Investment Professional and Institutional use only.
Slide 2: Agenda
AGENDA Firm Overview 3-5 Thrivent Mid Cap Stock Fund Portfolio Management Team 6 Investment Process & 7-10 Portfolio Construction Performance Results & Other Statistics 11-17 Required Disclosures 18-19 THRIVENT MID CAP STOCK FUND 2 For Investment Professional and Institutional use only.
Slide 3: Fund Family Overview
FUND FAMILY OVERVIEW Thrivent Mutual Funds is affiliated with Thrivent Financial, a not-for-profit, fraternal benefit society founded over 100 years ago that has grown into a Fortune 500 organization with $136 billion in assets under management.* *As of 12/31/2017. This includes the Thrivent General
Slide 4: Thrivent Enterprise Assets
THRIVENT ENTERPRISE ASSETS Money Market Fund Mutual Municipal $399 Funds Bond Funds Other Assets $17.7 $1,594 $25.8 Asset Allocation Taxable Funds Fixed Income $6,805 Thrivent Funds Thrivent Enterprise Variable $3,949 Mutual Funds Portfolios Assets (VA, VUL) Assets $135,601 $31.8 $17,745* (Million a
Slide 5: Lipper Fund Awards
Winner of the Best… • Overall Small Fund Family for the third year in a row. › The Lipper Awards for Best Overall Small Fund Family are based on a review of 30 fund families for 2018, 32 for 2017 and 27 for 2016. • Mid-Cap Core Fund for both 5-year and 10-year time periods. › The Lipper Award for Be
Slide 6: Mid Cap Stock Team
MID CAP STOCK TEAM MANAGEMENT KEY PERSONNEL BRIAN FLANAGAN, CFA CHAD MILLER, CFA BRETT SCHWIESOW, CFA Sr. Portfolio Manager Portfolio Manager Portfolio Manager Industry: since 1993 Industry: since 2010 Industry: since 1995 Firm: since 1994 Firm: since 2013 Firm: since 1996 SMALL AND MID CAP EQUITY R
Slide 7: Thrivent Mid Cap Stock Fund – Class S
THRIVENT MID CAP STOCK FUND – Class S As of 3/31/2018 Ticker: TMSIX Inception: 12/29/1997 Expense Ratio: 0.72% Strategy Assets: $ 3,576.7 million* Investment Strategy FUND DIVERSIFICATION › The team seeks to consistently achieve superior as of 3/31/2018 performance relative to peers through a combin
Slide 8: Mid Cap Stock Investment Process
MID CAP STOCK INVESTMENT PROCESS Portfolio New Idea Construction Fundamental Risk Continuous Generation • High conviction Research Management Review • Quant screens names • Company • Diversification • Securities on fundamental • Correlation • Industry • Monitoring • Industries and catalytic testing
Slide 9: Fundamental Research
FUNDAMENTAL RESEARCH Research focus shifts based on the market conditions, identified by the dispersion of free cash flow yields, which tend to rise as business conditions deteriorate and prices fall. When spreads are tightening and nearing their bottom, the emphasis shifts to earnings quality and m
Slide 10: Risk Management Guidelines
RISK MANAGEMENT GUIDELINES PORTFOLIO SELL DISCIPLINE MONITORING DIVERSIFICATION • Industry/sector weightings • Deteriorating fundamentals • Independent research no more than 2 times the • Valuation exceeds price • Quantitative risk budget benchmark weight and no target less than half the benchmark •
Slide 11: Performance
PERFORMANCE As of 3/31/2018 INCEPT FUND AUM TRAILING RETURNS QTR YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS DATE ($ Million) Mid Cap Stock (Class S Share; -0.74 -0.74 13.93 14.12 15.57 11.30 12/29/1997 $1,835.6 expense ratio 0.72%) S&P MidCap 400® Index -0.77 -0.77 10.97 8.96 11.97 10.90 Morningstar Mid-Ca
Slide 12: Lipper Percentile Rankings
LIPPER PERCENTILE RANKINGS As of 3/31/2018 Lipper Category: Mid Cap Core 0% 12th 2nd 2nd 2nd 6 of 344 4 of 297 4 of 203 50 of 439 25% Median 50% 75% 100% 1 Year 3 Year 5 Year 10 Year Source: Lipper LANA. The Lipper median represents the median annualized total return for all reported funds in the cl
Slide 13: Morningstar Ratings
MORNINGSTAR RATINGS As of 3/31/2018 Morningstar Category: Mid-Cap Blend OVERALL MORNINGSTAR OUT OF 356 Mid-Cap Blend RATINGSTM FUNDS 3 YEAR 5 YEAR 10 YEAR 356 FUNDS 322 FUNDS 223 FUNDS Morningstar RatingTM The Morningstar RatingTM for funds, or "star rating", is calculated fo
Slide 14: Strategy Statistics
STRATEGY STATISTICS As of 3/31/2018 RISK / RETURN CHARACTERISTICS 3 YEAR 5 YEAR Mid Cap Stock Morningstar Mid Cap Stock Morningstar Fund Category Average Fund Category Average Trailing Return 14.12 6.42 15.57 9.94 Standard Deviation 12.18 10.44 11.97 10.43 Sharpe Ratio 1.12 0.59 1.28 0.93 RELATIVE T
Slide 15: Strategy Statistics: Attribution
STRATEGY STATISTICS As of 3/31/2018 12 MONTH ATTRIBUTION (3/31/2017 – 3/31/2018) PORTFOLIO S&P MIDCAP 400 NET MANAGEMENT EFFECT % Avg. % Avg. Allocation Selection Total Economic Sector Weight % Return Weight % Return Effect Effect Effect Information Technology 17.59 41.20 17.61 21.46 0.00 2.79 2.78
Slide 16: Portfolio Allocation
PORTFOLIO ALLOCATION As of 3/31/2018 SECTOR EXPOSURE (%) ACTIVE WEIGHTS vs INDEX & CATEGORY (%) Consumer Discretionary -3.6 -4.7 20.0 19.6 Utilities -3.3 -1.4 18.4 Real Estate -2.8 -1.0 Consumer Staples -2.2 -2.5 Materials -2.1 -2.6 8.4 Health Care -1.8 8.2 -2.5 6.3 6.0 -0.1 Telecommunication Servic
Slide 17: Top 10 Holdings of Fund
TOP 10 HOLDINGS As of 02/28/2018 NAME ALLOC (%) SECTOR Zions Bancorporation 4.5 Financials Information Red Hat, Inc. 4.0 Technology Steel Dynamics, Inc. 3.8 Materials Southwest Airlines 3.8 Industrials Company 33.3% Alliance Data Systems 3.2 Information Corporation Technology of Fund Twitter, Inc. 3
Slide 18: Required Disclosures
REQUIRED DISCLOSURES Risks: The Fund primarily invests in securities of mid-sized companies, which often have greater price volatility, lower trading volume, and less liquidity than larger, more established companies. The value of the Fund is influenced by factors impacting the overall market, certa
Slide 19: Awards Methodology
AWARDS METHODOLOGY Overall Group Awards Methodology: Overall Group Awards are given to the best large and best small fund families separately. Small fund family groups need to have at least 3 distinct portfolios in each of the equity, bond and mixed-asset class groups to qualify for the Overall Grou
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