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Is Thrivent Large Cap Value Fund S (TLVIX) a Strong Mutual Fund Pick Right Now?
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If you're looking for a Large Cap Value fund category, then a potential option is Thrivent Large Cap Value Fund S (TLVIX - Free Report) . TLVIX has a Zacks Mutual Fund Rank of 3 (Hold), which is based on nine forecasting factors like size, cost, and past performance.
Objective
Large Cap Value mutual funds invest in stocks with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value; this value investing strategy often leads to low P/E ratios and high dividend yields, though growth levels are often curtailed. The high-growth opportunity of these funds are slowed even further, as large-cap securities are generally in stable industries with low to moderate growth prospects. Therefore, Large Cap Value funds are usually more appealing to investors who are interested in a stable income stream.
History of Fund/Manager
Thrivent is based in Appleton, WI, and is the manager of TLVIX. Since Thrivent Large Cap Value Fund S made its debut in December of 1997, TLVIX has garnered more than $807.60 million in assets. Kurt Lauber is the fund's current manager and has held that role since March of 2013.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund carries a 5-year annualized total return of 8.86%, and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 5.19%, which places it in the middle third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. TLVIX's standard deviation over the past three years is 21.23% compared to the category average of 17.52%. Over the past 5 years, the standard deviation of the fund is 17.8% compared to the category average of 14.68%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 1.11, the fund is likely to be more volatile than the market average. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. TLVIX has generated a negative alpha over the past five years of -5.54, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Holdings
Exploring the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is principally on equities that are traded in the United States.
Currently, this mutual fund is holding 98.18% stock in stocks, which have an average market capitalization of $204.35 billion. The fund has the heaviest exposure to the following market sectors:
Finance
Technology
Health
This fund's turnover is about 28%, so the fund managers are making fewer trades than comparable funds.
Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, TLVIX is a no load fund. It has an expense ratio of 0.54% compared to the category average of 0.99%. Looking at the fund from a cost perspective, TLVIX is actually cheaper than its peers.
This fund requires a minimum initial investment of $2,000, and each subsequent investment should be at least $50.
Bottom Line
Overall, Thrivent Large Cap Value Fund S ( TLVIX ) has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, Thrivent Large Cap Value Fund S ( TLVIX ) looks like a somewhat average choice for investors right now.
Want even more information about TLVIX? Then go over to Zacks.com and check out our mutual fund comparison tool, and all of the other great features that we have to help you with your mutual fund analysis for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike.
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Is Thrivent Large Cap Value Fund S (TLVIX) a Strong Mutual Fund Pick Right Now?
If you're looking for a Large Cap Value fund category, then a potential option is Thrivent Large Cap Value Fund S (TLVIX - Free Report) . TLVIX has a Zacks Mutual Fund Rank of 3 (Hold), which is based on nine forecasting factors like size, cost, and past performance.
Objective
Large Cap Value mutual funds invest in stocks with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value; this value investing strategy often leads to low P/E ratios and high dividend yields, though growth levels are often curtailed. The high-growth opportunity of these funds are slowed even further, as large-cap securities are generally in stable industries with low to moderate growth prospects. Therefore, Large Cap Value funds are usually more appealing to investors who are interested in a stable income stream.
History of Fund/Manager
Thrivent is based in Appleton, WI, and is the manager of TLVIX. Since Thrivent Large Cap Value Fund S made its debut in December of 1997, TLVIX has garnered more than $807.60 million in assets. Kurt Lauber is the fund's current manager and has held that role since March of 2013.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund carries a 5-year annualized total return of 8.86%, and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 5.19%, which places it in the middle third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. TLVIX's standard deviation over the past three years is 21.23% compared to the category average of 17.52%. Over the past 5 years, the standard deviation of the fund is 17.8% compared to the category average of 14.68%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 1.11, the fund is likely to be more volatile than the market average. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. TLVIX has generated a negative alpha over the past five years of -5.54, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Holdings
Exploring the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is principally on equities that are traded in the United States.
Currently, this mutual fund is holding 98.18% stock in stocks, which have an average market capitalization of $204.35 billion. The fund has the heaviest exposure to the following market sectors:
- Finance
- Technology
- Health
This fund's turnover is about 28%, so the fund managers are making fewer trades than comparable funds.Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, TLVIX is a no load fund. It has an expense ratio of 0.54% compared to the category average of 0.99%. Looking at the fund from a cost perspective, TLVIX is actually cheaper than its peers.
This fund requires a minimum initial investment of $2,000, and each subsequent investment should be at least $50.
Bottom Line
Overall, Thrivent Large Cap Value Fund S ( TLVIX ) has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, Thrivent Large Cap Value Fund S ( TLVIX ) looks like a somewhat average choice for investors right now.
Want even more information about TLVIX? Then go over to Zacks.com and check out our mutual fund comparison tool, and all of the other great features that we have to help you with your mutual fund analysis for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike.