Thrivent Ultra Short Bond ETF seeks a high level of current income that is consistent with the preservation of capital.
This Fund invests primarily in diversified portfolio of short-duration corporate bonds, asset-backed securities, mortgage-backed securities, U.S. Treasuries, and U.S. government agency debt. The Fund may also invest a portion of assets in U.S. dollar-denominated debt of foreign securities. The dollar-weighted average duration for the Fund is expected to be less than two years. The Fund’s shorter duration makes it less sensitive to interest rate changes than some longer-duration funds. As a result, the Fund may be appropriate for an investor who is seeking the opportunity to generate a modest level of income (with some investment risk), but with less interest rate risk and a lower return potential than most longer maturity bond funds. The ETF is newly formed and does not have any operating history.
Additional info:
- Intraday NAV ticker: TUSB
- CUSIP: 88588G307
- 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.
-
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.
-
Andrew Leeser, CFASenior Portfolio ManagerManaging this fund since 2025Mr. Leeser joined Thrivent in 2012, serving as a portfolio manager since 2021. Read more.
Interested in Thrivent’s ETF?
Buy through your financial advisor
Need more guidance? Ask your financial professional about Thrivent’s ETF.
Buy through your choice of brokerage accounts
Thrivent’s ETF can be purchased through online brokerage platforms.
Search for Thrivent ETF when making your selection.
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 Ultra Short Bond ETF | Thrivent Ultra Short Bond ETF Market Price | Bloomberg Short-Term Government/Corporate Index | Morningstar Ultrashort Bond Avg | |
|---|---|---|---|---|
| 3M | 1.22% | 1.21% | 1.22% | 1.26% |
| Since Inception 02/19/2025 | 3.54% | 3.64% | - | - |
| Thrivent Ultra Short Bond ETF | Thrivent Ultra Short Bond ETF Market Price | Bloomberg Short-Term Government/Corporate Index | Morningstar Ultrashort Bond Avg | |
|---|---|---|---|---|
| 3M | 1.32% | 1.30% | 1.18% | 1.29% |
| Since Inception 02/19/2025 | 3.18% | 3.32% | - | - |
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 |
|---|---|
| U.S. Treasury Notes | 5.06% |
| U.S. Treasury Notes | 2.11% |
| Goldman Sachs Group Inc | 0.90% |
| Jpmorgan Chase & Company | 0.85% |
| Corebridge Financial, Inc. | 0.72% |
| Government National Mortgage Association | 0.65% |
| Morgan Stanley | 0.64% |
| Ford Motor Credit Company Llc | 0.62% |
| Barclays Plc | 0.62% |
| Hyundai Capital America | 0.62% |
Fund Diversification
-
Investment-Grade Corporates58.43%Securitized Debt31.62%U.S. Government Bonds7.53%High Yield Bonds2.42%
Fixed Income characteristics
as of 10/31/2025Duration Average Life Thrivent Ultra Short Bond ETF 0.47 1.48 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) Bonds95.29%
-
U.S. Government Guaranteed
6.92%
-
AAA
20.45%
-
AA
9.32%
-
A
27.08%
-
BBB
31.52%
Bond type% of total-
High Yield (HY) Bonds2.82%
-
BB
2.38%
-
B
0.00%
-
CCC
0.44%
-
CC
0.00%
-
C
0.00%
-
D
0.00%
-
Non-Rated (NR) Bonds1.90%
-
May be HQ/HY/NR Bonds0.00%
-
ETFs/Closed-End Funds
0.00%
Historical Premium/Discount
tusbNumber Of Days At PremiumNumber Of Days At NavNumber Of Days At Discount
Distributions
as of 10/31/2025Dividends Month End Nav February 2025 $0.0598 $50.12 March 2025 $0.1718 $50.11 April 2025 $0.1180 $50.05 May 2025 $0.1661 $50.15 June 2025 $0.1735 $50.22 July 2025 $0.1942 $50.26 August 2025 $0.1810 $50.32 September 2025 $0.1746 $50.33 October 2025 $0.1846 $50.33 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 0.20% Total Annual Fund Operating Expenses 0.20%