Thrivent Small-Mid Cap Equity ETF
$46.20−0.25 (−0.54%)
- Expense ratio
- 0.65%
- Fund size
- $873M
- 1Y return
- +9.7%
- Yield · Last 12 months
- 0.15%
- Holdings
- 67
- Volume · 30D
- 0.1M sh
- NAV per share
- $46.28
- 52W range
The ETF.net TSME Grade
Score 50 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.CScore 40Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 23Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 87Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 55Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 78Category rank
Our read on TSME
CActive stock picking pointed at the part of the US market where it still has room to work: small and mid caps, run by Thrivent's own managers since 2022 and priced at the going rate for active equity rather than a premium.
The Fund seeks long-term capital growth.
Why people hold it
- A live stock picker, not an index clone, working in US small and mid caps. The cheap leaders in its active-equity cohort (DFAU, AVLC) mostly fish in large caps.
- The 0.65% expense ratio sits right at the median for active US equity funds, so the active mandate does not come with a surcharge versus the active field.
- Portfolio construction and staying power both hold up in a crowded active-equity field, placing the fund in the upper half of its peer group.
- Trading friction is mild for an active fund, so buying and selling costs less than it does on thinly traded small-cap products.
Worth knowing
- Small and mid caps swing harder than large caps, and the mandate keeps the fund parked there through the rough stretches.
- Against index-style large-cap peers such as DFAU at 0.12%, the 0.65% fee is a wide gap that the stock picking has to work against.
- Launched in 2022, so the track record is short and payouts arrive once or twice a year rather than monthly.
TSME Holdings
- Stocks
- 67
- 21%
- WGS
Sectors
- Industrials25.4%
- Technology24.1%
- Consumer Discr.17.6%
- Health Care11.7%
- Financials11.6%
- Materials4.1%
- Cons. Staples3.4%
- Utilities2.2%
Geography
- United States90.73%
- Bermuda3.50%
- Ireland3.26%
- Canada1.39%
- United Kingdom1.12%
TSME Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | TSME |
|---|---|
| Year to date | +11.6% |
| 1 month | −4.4% |
| 3 months | −9.2% |
| 1 year | +9.7% |
| 3 years | +18.9% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TSME |
|---|---|---|
| 2026 YTD | +11.6% | |
| 2025 | +13.8% | |
| 2024 | +19.0% | |
| 2023 | +17.8% | |
| 2022 | +2.4% |
TSME in the news
ETF.net Research hasn’t filed on TSME yet — coverage lands here as it’s written.
TSME Dividends
- 0.15%
- $0.07
- $0.07 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 23, 2025 | Dec 31, 2025 | $0.07 |
| Dec 24, 2024 | Dec 27, 2024 | $0.14 |
| Dec 26, 2023 | Dec 29, 2023 | $0.16 |
| Dec 27, 2022 | Dec 30, 2022 | $0.04 |
TSME Risk
- 21.8%
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.
- 0.63
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.
- −26.6%
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.
- 1.27
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TSME Cost
- The middle half of US Active Small/Mid-Cap funds
- Median 0.55%
28 of the 47 US Active Small/Mid-Cap funds charge less.