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FUND COMMENTARY

ETF featured on NYSE “What’s the Fund?”

By Chad Miller, CFA, Senior Portfolio Manager | 02/23/2023

02/23/2023

 

Chad Miller, senior portfolio manager, joined host Judy Shaw on an episode of NYSE’s “What’s the Fund?” highlighting Thrivent Small-Mid Cap ESG ETF (TSME).

Chad Miller, CFA
Senior Portfolio Manager

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ETF offers features for small- and mid-cap ESG investors

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Video transcript

Shaw: I'm Judy Shaw for another episode of What's the Fund? Joining me today is Chad Miller. He is a senior portfolio manager at Thrivent Asset Management.

Chad, wonderful to have you here! Thanks for joining me.

Miller: It's great to be here, Judy. Thank you for having me.

Shaw: Before we get started, a quick note to our viewers. This interview is for informational purposes only. The NYSE doesn't recommend any investments or investment strategies.

All right, Chad, what's the fund you're talking about?

Miller: It is the Thrivent Small-Mid Cap ESG ETF, and the ticker is TSME.

Shaw: So, TSME. Tell me about this fund. Tell me about the strategy.

Miller: It's a small- and mid-cap-focused strategy that also integrates ESG into our successful fundamental strategy that we've had at Thrivent for some time now. We started with our expertise in the small- and mid-cap space where we have a number of successful funds that have been there for some time now.

We saw the opportunity to layer in three of the most attractive areas of asset management today. First, being the small- and mid-cap-sized companies that have been some of the strongest performers in the marketplace. Second, being [the addition of] our proprietary ESG process into our fundamental research process. Finally, with an ETF, [it potentially] provides lower fees and lower taxes to our clients.

Shaw: Okay. Where should viewers go to learn more about this fund?

Miller: The website is thriventETFs.com.

Shaw: All right, Chad, wonderful to have you on What's the Fund? Thanks for joining me today!

Miller: Thank you very much.

This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. For example:
 - You may have to pay more money to trade the ETF’s shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.
 - The price you pay to buy ETF shares on an exchange may not match the value of the ETF’s portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders.
 - These additional risks may be even greater in bad or uncertain market conditions.
 - The ETF will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF’s holdings, it is not the ETF’s actual portfolio.
The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of the ETF, see the Principal Risks section of the prospectus.

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