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Thrivent Small-Mid Cap Equity ETF —
TSME
TSME
Thrivent Small-Mid Cap Equity ETF
Risk profile
The risk profile for this fund is Aggressive

Market Cap & Style

Large
Mid
Small
Value
Blend
Growth
Inception date
10/5/2022
As of
Net asset value
-
Daily NAV change
-
As of N/A
Mid-point bid-ask price
-
Premium/ Discount
-
30-day median bid-ask spread
-
30-day average trading volume
-
As of 08/29/2025
YTD NAV return
13.06%
1-year NAV return
17.07%
As of 08/29/2025
Net annual fund operating expenses
0.65%
As of

Thrivent Small-Mid Cap Equity ETF seeks long-term capital growth.

This fund seeks to provide investors with consistent, competitive performance through favorable stock selection while monitoring risk. The Fund typically invests in a combination of small- and mid-sized companies across the growth and value spectrums. The portfolio management team seeks to identify companies that it believes have sustainable long-term business models for the benefit of its stakeholders and can provide potential attractive returns. Effective January 31, 2025, the Fund changed its name from Thrivent Small-Mid Cap ESG ETF and no longer pursues ESG considerations as a principal investment strategy.

Additional info:

Fund management

Our seasoned team of more than 140 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 80% have earned the Chartered Financial Analyst designation, an advanced degree, or both.

  • Charles (Chad) Miller, CFA
    Charles (Chad) Miller, CFA
    Senior Portfolio Manager
    Managing this fund since 2022

    Mr. Miller joined Thrivent in 2013 and is a Senior Portfolio Manager. Read more.

  • Simon A. Bizien, CFA
    Simon A. Bizien, CFA
    Senior Portfolio Manager
    Managing this fund since 2023

    Mr. Bizien joined Thrivent in 2022, serving as a senior portfolio manager. Read more.


Performance

Performance data cited represents past performance and 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

as of 08/29/2025
0.65% Total annual fund operating expenses
Thrivent Small-Mid Cap Equity ETF Thrivent Small-Mid Cap Equity ETF Market Price Russell 2500 Index S&P MidCap 400 ESG Index Morningstar Mid-Cap Blend Avg
3M 18.18% 18.17% 12.23% 9.75% 8.23%
YTD 13.06% 13.03% 7.75% 6.69% 6.81%
1Y 17.07% 17.06% 10.04% 7.46% 8.61%
Since Inception 10/5/2022 17.98% 18.01% - - -
See data by:

Characteristics

Performance data cited represents past performance and 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

as of 08/29/2025
Total number of holdings
69

Top 10 Holdings

as of 07/31/2025
24.17%
of all holdings
N/A
N/A
Security name % of total assets
Kyndryl Holdings, Inc. 2.99%
Bel Fuse, Inc. 2.99%
CECO Environmental Corporation 2.44%
Celestica Inc 2.40%
Modine Manufacturing Company 2.38%
Limbach Holdings, Inc. 2.34%
Ftai Aviation Ltd 2.33%
SharkNinja, Inc. 2.13%
Federal Signal Corporation 2.09%
Labcorp Holdings, Inc. 2.08%

Fund Diversification

as of 06/30/2025
N/A
N/A
  • Industrials
    26.47%
  • Information Technology
    17.24%
  • Consumer Discretionary
    15.39%
  • Financials
    12.98%
  • Health Care
    9.21%
  • Materials
    7.42%
  • Consumer Staples
    6.13%
  • Utilities
    3.87%
  • Real Estate
    1.29%

Equity characteristics

as of 08/29/2025
P/E Ratio Return on Equity
Thrivent Small-Mid Cap Equity ETF 23.77 18.35%
S&P 500® Index 27.55 26.38%

Historical Premium/Discount

tsme
Number Of Days At Premium
Number Of Days At Nav
Number Of Days At Discount

Ratings


Morningstar

as of 08/31/2025
Category: Mid-Cap Blend
Morningstar Information
Overall
Doesn't apply due to fund's inception date of 10/5/2022
3-Year
Doesn't apply due to fund's inception date of 10/5/2022
5-Year
Doesn't apply due to fund's inception date of 10/5/2022
10-Year
Doesn't apply due to fund's inception date of 10/5/2022
Risk vs. category
Doesn't apply due to fund's inception date of 10/5/2022
Return vs. category
Doesn't apply due to fund's inception date of 10/5/2022

Morningstar ratings are calculated based on risk-adjusted return.

equity style is small blend
Equity Style Map

Distributions

as of 08/29/2025
Dividends Month End Nav
September 2024 $0.0000 $36.59
October 2024 $0.0000 $36.33
November 2024 $0.0000 $40.11
December 2024 $0.1376 $36.61
January 2025 $0.0000 $37.91
February 2025 $0.0000 $36.12
March 2025 $0.0000 $33.13
April 2025 $0.0000 $32.76
May 2025 $0.0000 $35.03
June 2025 $0.0000 $37.25
July 2025 $0.0000 $39.88
August 2025 $0.0000 $41.39

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 08/29/2025
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses

Management Fees and Other Expenses 0.65%
Total Annual Fund Operating Expenses 0.65%

Documents

Title Download View
Prospectus & Fund Documents -
Fund Facts -
Fund Commentary -
Sales Profile -
Schedule of Investments -
Proxy Voting Record -

Due to rounding, some values may not total 100%. Effective 2/28/2025, certain cash-designated holdings (e.g., futures) were reallocated to their asset classes due to a data source change.

Risk

Performance is influenced by several factors, including the performance of the broader market and risks to specific asset classes, market cap groups, investment styles, and issuers. Small- and mid-sized companies often have greater price volatility, lower trading volume, and less liquidity than larger, more established companies. Transactions in shares of ETFs may result in brokerage commissions, which will reduce returns. These and other risks are described in the prospectus.

Strategy

The portfolio management team looks for small- to mid-sized companies that have strong growth prospects, are in an industry with a positive economic outlook, have high-quality management, and/or have a strong financial position. The portfolio management team seeks to identify companies that have sustainable long-term business models for the benefit of its stakeholders that drive financial success and risk management.