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Thrivent Core Plus Bond ETF seeks a high level of current income and, secondarily, total return and long-term capital growth.
This Fund invests primarily in intermediate maturities of investment-grade government and corporate bonds, but also will invest in securitized debt, emerging market debt, and lower quality bonds like high yield. The Fund may opportunistically invest in foreign issuers (including emerging market issuers), and mortgage-backed securities of any kind. The Fund may use derivatives in order to manage the Fund’s duration, or interest rate risk. The ETF is newly formed and does not have any operating history.
Additional info:
- Intraday NAV ticker: TCPB
- CUSIP: 88588G208
- Exchange: NYSE Arca
- Schedule of Investments
Fund management
Our seasoned team of more than 125 investment professionals brings their deep expertise to managing each fund so you can feel confident in the choices you’re making. More than 80% have at least 10 years of experience, more than 50% have more than 20 years of investment experience, and more than 85% have earned the Chartered Financial Analyst designation, an advanced degree, or both.
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Kent L. White, CFAVP, Fixed Income Mutual FundsManaging this fund since 2025Mr. White is currently a Senior Portfolio Manager at Thrivent and was previously the Director of Investment Grade Research. He has been with the firm since 1999. Read more.
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Cortney Swensen, CFASenior Portfolio ManagerManaging this fund since 2025Ms. Swensen joined Thrivent in 2011 serving as a research analyst covering investment grade corporate bonds. She became a portfolio manager in 2016. Read more.
Performance
All data represents past performance. Past performance does not guarantee future results. Investment return and principal value of the investment will fluctuate so that an investor's shares, when redeemed may be worth more or less than the original cost. A fund's performance for very short time periods may not be indicative of future performance. Market returns are based on the midpoint of the bid/ask spread at market close (typically, 4 p.m. ET) and do not represent returns an investor would receive if shares were traded at other times. Current performance may be lower or higher than the performance data quoted.
Average Annualized Returns
| Thrivent Core Plus Bond ETF | Thrivent Core Plus Bond ETF Market Price | Bloomberg U.S. Aggregate Bond Index | Morningstar Intermediate Core-Plus Bond Avg | |
|---|---|---|---|---|
| 3M | 3.07% | 3.20% | 2.94% | 2.93% |
| Since Inception 02/19/2025 | 6.02% | 6.08% | - | - |
| Thrivent Core Plus Bond ETF | Thrivent Core Plus Bond ETF Market Price | Bloomberg U.S. Aggregate Bond Index | Morningstar Intermediate Core-Plus Bond Avg | |
|---|---|---|---|---|
| 3M | 2.32% | 2.51% | 2.03% | 2.16% |
| Since Inception 02/19/2025 | 5.38% | 5.56% | - | - |
Yields
Characteristics
All data represents past performance. Past performance does not guarantee future results. Investment return and principal value of the investment will fluctuate so that an investor's shares, when redeemed may be worth more or less than the original cost. A fund's performance for very short time periods may not be indicative of future performance. Market returns are based on the midpoint of the bid/ask spread at market close (typically, 4 p.m. ET) and do not represent returns an investor would receive if shares were traded at other times. Current performance may be lower or higher than the performance data quoted.
Holdings breakdown
Top 10 Holdings
| Security name | % of total assets |
|---|---|
| Wi Treasury Note | 3.86% |
| U.S. Treasury Bonds | 3.84% |
| U.S. Treasury Bonds | 2.63% |
| Fhlmc Multifamily Structured Pass Through Certificates | 2.57% |
| Federal National Mortgage Association Conventional 30-Yr. Pass Through | 2.45% |
| Federal National Mortgage Association | 2.40% |
| Federal Home Loan Mortgage Corporation | 2.34% |
| Federal Home Loan Mortgage Corporation | 2.17% |
| U.S. Treasury Notes | 2.09% |
| Federal National Mortgage Association Conventional 30-Yr. Pass Through | 2.07% |
Fund Diversification
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Securitized Debt38.86%Investment-Grade Corporates34.79%U.S. Government Bonds18.75%High Yield Bonds6.25%International Government Debt1.35%
Fixed Income characteristics
as of 10/31/2025Duration Average Life Thrivent Core Plus Bond ETF 5.82 8.35 Bloomberg U.S. Aggregate Bond Index 5.83 8.18
Credit quality rating distribution
as of 10/31/2025N/AN/ABond type% of total-
High Quality (HQ) Bonds90.12%
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U.S. Government Guaranteed
17.52%
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AAA
3.64%
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AA
32.38%
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A
11.19%
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BBB
25.39%
Bond type% of total-
High Yield (HY) Bonds8.14%
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BB
7.41%
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B
0.50%
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CCC
0.23%
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CC
0.00%
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C
0.00%
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D
0.00%
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Non-Rated (NR) Bonds1.74%
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May be HQ/HY/NR Bonds0.00%
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ETFs/Closed-End Funds
0.00%
Historical Premium/Discount
tcpbNumber Of Days At PremiumNumber Of Days At NavNumber Of Days At Discount
Distributions
as of 10/31/2025Dividends Month End Nav February 2025 $0.0638 $50.82 March 2025 $0.1723 $50.64 April 2025 $0.0651 $50.69 May 2025 $0.1784 $50.18 June 2025 $0.1859 $50.82 July 2025 $0.2159 $50.54 August 2025 $0.1863 $50.98 September 2025 $0.1852 $51.40 October 2025 $0.1988 $51.52 Trailing 12-Months; Dividend Schedule: Declared and Paid Monthly
Capital gains - trailing 12 months
as of 10/31/2025Record date Short term capital gains Long term capital gains Total - - - -
Expenses
Management Fees and Other Expenses 0.39% Total Annual Fund Operating Expenses 0.39%