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TISC

GradeCNASDAQ Global Market

Thrivent International Small Cap ETF

Broad Stock Market · Thrivent · Inception 2026-06-15

$23.80−0.43 (−1.78%)

As of Sep 23, 2026, 1:06 PM EDT

History starts Jun 15, 2026.History starts Jun 15, 2026.History starts Jun 15, 2026.
Intraday session: down, 6 prints from 24.23 to 23.80. Range 23.80 to 24.05. Use the arrow keys to read each point.$23.90$24.0010 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$97M
1Y return
—
Yield · Last 12 months
—
Holdings
596
Volume · 30D
0.1M sh
NAV per share
$23.99
52W range
low $22.75high $25.42

The ETF.net TISC Grade

C

47/ 100

Rank 12 of 16 in International Small-Cap⁠

Confidence Medium

Six-pillar profile for TISC. Scores out of 100: Cost 33, Risk 72, Mission not scored, Tradability 60, Holdings 45, Durability 28. Strongest: Risk (72). Weakest: Durability (28). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 47 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 33
    Category rank11/16 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 72
    Category rank4/16 · top 25%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 60
    Category rank8/16 · top 50%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 45
    Category rank12/16 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 28
    Category rank14/16 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on TISC

ETF.net Research

CMost international small-cap ETFs just track an index. TISC goes the other way: Thrivent's own managers pick developed-market small caps outside the US, spread across roughly 600 names in growth, value and core styles.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01Active in a corner of the market dominated by index trackers. There is no underlying index to hug; Thrivent's in-house managers choose the non-US developed-market small caps.fp.thriventfunds.comfp.thriventfunds.com
  2. 02Active without being a concentrated bet: roughly 600 holdings, spanning growth, value and core styles.fp.thriventfunds.com
  3. 03Developed markets only, so it skips the emerging-market slice built into all-world ex-US small-cap funds like VSS.fp.thriventfunds.com
  4. 04Run by a Fortune 500 firm that has managed an active small-mid cap ETF since 2022, so this is not its first ETF rodeo.newsroom.thrivent.comfp.thriventfunds.com

Worth knowing

  1. 01Costs 0.55% a year, above the category median of 0.47% and many times the 0.06% charged by index staples SCHC and VSS. Stockpicking is the thing you are paying for.
  2. 02Launched in June 2026, so there is no multi-year record to judge the managers' international small-cap calls against.newsroom.thrivent.com
  3. 03Younger and smaller than the category's index heavyweights, so it changes hands less often, which can widen the gap between bid and ask.

TISC Holdings

As of Sep 20, 2026, 8:31 AM
Asset class
Stocks
Holdings
596
Top-10 weight
10%
Largest holding
MSCI EAFE DEC26 IFUS 202612184.3%

Geography

  • Japan37.26%
  • United Kingdom11.16%
  • Australia10.96%
  • France5.00%
  • Israel4.05%
  • Sweden3.85%
  • Italy3.48%
  • Singapore2.86%
  • Other countries (21)21.38%

Developed 94% · Emerging 6% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 43.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—MSCI EAFE DEC26 IFUS 202612184.33%1,300$4M5
002BBY.LBALFOUR BEATTY PLC COMMON STOCK GBP.50.87%68,749$834K61
003AZJ.AXAURIZON HOLDINGS LTD COMMON STOCK0.72%259,072$691K72
004—SSC GOVERNMENT MM GVMXX0.66%630,782$631K89
005IGG.LIG GROUP HOLDINGS PLC COMMON STOCK GBP.000050.62%33,749$593K60
006BAMNB.ASKONINKLIJKE BAM GROEP NV COMMON STOCK EUR.10.62%43,925$592K58
007BSL.AXBLUESCOPE STEEL LTD COMMON STOCK0.60%26,360$582K73
0081662.TJAPAN PETROLEUM EXPLORATION COMMON STOCK0.60%46,400$577K44
009CAF.MCCONSTRUCC Y AUX DE FERROCARR COMMON STOCK EUR.3010.58%6,222$561K49
010IMI.LIMI PLC COMMON STOCK GBP.28570.58%13,464$554K65
011OVS.MIOVS SPA COMMON STOCK NPV0.57%85,468$547K27
0128616.TTOKAI TOKYO FINANCIAL HOLDIN COMMON STOCK0.54%91,300$524K47
0134114.TNIPPON SHOKUBAI CO LTD COMMON STOCK0.53%30,300$506K57
014AZM.MIAZIMUT HOLDING SPA COMMON STOCK0.52%10,989$498K60
015ISS.COISS A/S COMMON STOCK DKK1.00.51%10,729$487K63

Showing 1–15 of 635 holdings

TISC Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TISC$10,419
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. TISC $10,419. SPY $10,415. Use the arrow keys to read each point.$9,715$10,131$10,547Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TISC. Periods over one year show the average yearly return.
PeriodTISC
Year to dateFund launched this year—
1 month+1.0%
3 months+4.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TISC
YearReturn barTISC
2026 YTD+3.3%

Since listing, Jun 15, 2026

TISC in the news

ETF.net Research hasn’t filed on TISC yet — coverage lands here as it’s written.

TISC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jun 2026. No distributions yet.

TISC Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.90
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TISC Cost

Expense ratio0.55%
  • The middle half of International Small-Cap funds
  • Median 0.44%

10 of the 16 International Small-Cap funds charge less.

TISC costs $55.00 a year on $10,000. The median International Small-Cap fund costs $44.00.