Exchange Traded Funds (ETFs) are a basket of securities that enable investors to purchase shares in a diversified portfolio of securities, including stocks and/or bonds. ETFs offer intra-day liquidity, are traditionally a lower-cost option, and may have no investment minimums. Thrivent’s ETF is managed by the same investment professionals who have a history of managing our Thrivent Mid Cap Stock Fund and Thrivent Small Cap Stock Fund.
Thrivent Small-Mid Cap ESG ETF, an actively managed fund, looks for small- and mid-sized companies to invest in, then follows a disciplined yet flexible process that combines Environmental, Social, and Governance (ESG) and fundamental investment research techniques.
This fund is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This fund will not. This may create additional risks for your investment. For example:
The differences between this fund and other ETFs may also have advantages. By keeping certain information about the fund nontransparent, this fund may face less risk that other traders can predict or copy its investment strategy. This may improve the fund’s performance. If other traders are able to copy or predict the fund’s investment strategy, however, this may hurt the fund’s performance.
For additional information regarding the unique attributes and risks of the fund, see the Principal Risks section of the prospectus.
Securities markets generally tend to move in cycles with periods when security prices rise and periods when security prices decline. The Fund’s value is influenced by a number of factors, including the performance of the broader market, and risks specific to the Fund’s asset classes, investment styles, and issuers. ESG strategies may result in investment returns that may be lower than if decisions were based solely on investment considerations. Because ESG criteria exclude certain securities for non-investment reasons, investors may forgo some market opportunities available to those who do not screen for ESG attributes. The Adviser’s assessment of investments may prove incorrect, resulting in losses, poor performance, or failure to achieve ESG objectives. Small and mid-sized companies often have greater price volatility, lower trading volume, and less liquidity than larger, more established companies. The Fund is newly formed and has a limited operating history. Transactions in shares of ETFs may result in brokerage commissions, which will reduce returns. These and other risks are described in the prospectus.
Need more guidance? Ask your financial professional about Thrivent’s ETF.
Thrivent’s ETF can be purchased through online brokerage platforms.
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