AASMX Fees and Costs — Thrivent Small Cap Stock Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 1.00%: a 0.61% management fee, a 0.25% 12b-1 fee plus 0.14% other expenses. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2025 the fund paid $2.4M in broker commissions, 0.0765% of average net assets, and portfolio turnover was 65%.
AASMX Fees and Expenses
Annual operating expenses and sales charges of AASMX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.61% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.14% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
AASMX Costs Over Time
On $10,000 invested in AASMX, assuming 5% a year before costs, total costs come to $1,216 over 5 years, cutting the return by 2.08% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 1.00%) | $100 | $313 | $542 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $22 | $88 | $183 |
| Total costs | $580 | $874 | $1,216 |
| Value after costs | $9,920 | $10,702 | $11,546 |
| Impact on return, per year | 5.80% | 2.71% | 2.08% |
AASMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0765%
- Total broker commissions: $2.4M
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $21.1M
- Net income from securities lending: $61K (0.002% of average net assets)
AASMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BMO CAPITAL MARKETS CORP. | $621K | 31.28% |
| JEFFERIES LLC | $390K | 19.63% |
| STUART FRANKEL & CO., INCORPORATED | $218K | 10.96% |
| PIPER SANDLER & CO. | $171K | 8.62% |
| ELEVATION, LLC | $126K | 6.36% |
| BOFA SECURITIES, INC. | $112K | 5.65% |
| ROBERT W. BAIRD & CO. INCORPORATED | $97K | 4.91% |
| RAYMOND JAMES & ASSOCIATES, INC. | $97K | 4.91% |
| J.P. MORGAN SECURITIES LLC | $81K | 4.08% |
| RBC CAPITAL MARKETS, LLC | $71K | 3.60% |
AASMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $1.7B | 96.33% |
| DEUTSCHE BANK SECURITIES INC. | $19.9M | 1.11% |
| GOLDMAN SACHS & CO. LLC | $15.0M | 0.83% |
| ACADEMY SECURITIES, INC. | $10.0M | 0.56% |
| WELLS FARGO SECURITIES, LLC | $7.0M | 0.39% |
| PIPER SANDLER & CO. | $5.0M | 0.28% |
| BARCLAYS CAPITAL INC. | $4.1M | 0.23% |
| CITIGROUP GLOBAL MARKETS INC. | $2.1M | 0.12% |
| MIZUHO SECURITIES USA LLC | $2.0M | 0.11% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $848K | 0.05% |
Thrivent Small Cap Stock Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TSCSX | Class S | 0.79% | none |
| AASMX | Class A | 1.00% | 4.50% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.