Thrivent this week announced the conversion of Thrivent Mid Cap Value Fund and Thrivent Core Small Cap Value Fund into exchange-traded funds (ETFs).
“The ETF market is experiencing rapid growth and significant client interest, and today’s conversions underscore Thrivent’s work to give clients more flexibility and choice to help them achieve their financial goals,” said Thrivent Mutual Funds President Mike Kremenak. “Thrivent has years of expertise in small- and mid-cap strategies and active management that we’ll bring to these new ETFs—giving investors another way to diversify and build strong portfolios.”
Graham Wong, CFA, and Nicholas Griffith, CFA, will serve as portfolio managers for Thrivent Mid Cap Value ETF.
Christopher Parker, CFA, and Charmaine Chan, CFA will serve as portfolio managers for Thrivent Small Cap Value ETF.
The investment objectives of both funds are to seek long-term capital growth.
With these additions, Thrivent’s ETF suite now includes five funds:
- Thrivent Mid Cap Value ETF (TMVE) – New
- Thrivent Small Cap Value ETF (TSCV) – New
- Thrivent Small-Mid Cap Equity ETF (TSME) – Launched in 2022
- Thrivent Ultra Short Bond ETF (TUSB) – Launched in 2025
- Thrivent Core Plus Bond ETF (TCPB) – Launched in 2025
With these additions, Thrivent’s investment product portfolio consists of 21 mutual funds, 30 variable portfolios and 5 ETFs.
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