Thrivent Expands ETF Suite
Thrivent Expands ETF Product Suite with Mid Cap Value and Small Cap Value Fund Conversions. The new ETFs complement Thrivent's strong investment solutions and deliver value to clients.
MINNEAPOLIS, Nov. 17, 2025 /PRNewswire/ -- Thrivent, a Fortune 500 financial services company that helps build, grow and protect financial well-being, today announced the conversion of Thrivent Mid Cap Value Fund and Thrivent Core Small Cap Value Fund into exchange-traded funds (ETFs) – demonstrating the company's commitment to delivering competitive, client-focused investment solutions.
"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."
The new ETFs will be managed by leaders who collectively bring decades of investment expertise:
- Graham Wong, CFA, and Nicholas Griffith, CFA, will serve as portfolio managers for Thrivent Mid Cap Value ETF. The investment objective of the fund is to seek long-term capital growth.
- Christopher Parker, CFA, and Charmaine Chan, CFA will serve as portfolio managers for Thrivent Small Cap Value ETF. The investment objective of the fund is to seek long-term capital growth.
Thrivent's ETF Performance, Approach & Management
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 (TMSE) – Launched in 2022
- Thrivent Ultra Short Bond ETF (TUSB) – Launched in 2025
- Thrivent Core Plus Bond ETF (TCPB) – Launched in 2025
Thrivent's Investment Product Portfolio
With these additions, Thrivent's investment product portfolio consists of 21 mutual funds, 30 variable portfolios and 5 ETFs. These investment products are designed to work together, giving investors a range of options that can be combined to build a well-rounded investment portfolio.
Helping clients achieve financial goals: Thrivent helps investors reach their financial goals, such as savings for retirement, growing wealth or managing risk.
Flexibility and choice: Investors can select from different types of funds and strategies, tailoring their investments to their personal needs and preferences.
Access to active management expertise: Investors may benefit from Thrivent's team of professionals who actively manage these funds, making decisions to try to maximize returns and manage risk across each investment.
*As of September 30, 2025, Thrivent Small-Mid Cap Equity ETF reported a one-year return of 13.88% and a since-inception return of 17.52%. The Fund's gross expense ratio is 0.65%.
All data represents past performance. Past performance does not guarantee future results. The 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.
