Thrivent Small-Mid Cap Equity ETF
$46.36+0.05 (+0.11%)
- 0.65%
- $896M
- +16.2%
- 0.15%
- 0.1M sh
- $46.26
- low $38.38high $52.37
The ETF.net TSME Grade
C
Score 45 out of 100
- 25 of 48
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C40 out of 100Rank 29 of 48Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F24 out of 100Rank 40 of 44Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B58 out of 100Rank 18 of 48Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B56 out of 100Rank 26 of 48Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A78 out of 100Rank 8 of 48
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
- 76
- 21%
- Ssc Government Mm Gvmxx
Sectors
- Industrials24.4%
- Technology24.1%
- Consumer Discretionary16.3%
- Health Care13.3%
- Financials11.6%
- Materials5.1%
- Consumer Staples3.1%
- Utilities2.1%
Geography
- United States89.78%
- Bermuda3.35%
- Ireland3.06%
- Canada1.59%
- United Kingdom1.25%
- Italy0.97%
TSME Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
TSME$11,623
Returns run to the Oct 12, 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 | +11.2% |
| 1 month | −1.4% |
| 3 months | −7.2% |
| 1 year | +16.2% |
| 3 years | +19.5% |
| 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 | +11.2% | |
| 2025 | +13.8% | |
| 2024 | +19.0% | |
| 2023 | +17.8% | |
| 2022 | +2.4% |
TSME in the news
TSME Dividends
- 0.15%
- $0.07
- $0.07 per share
- Annual
Distribution history
TSME Risk
- 21.5%
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.
- 0.68
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.
- 1.28
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
0.65%
TSME0.65%
- The middle half of US Active Small/Mid-Cap funds
- Median 0.59%
27 of the 47 US Active Small/Mid-Cap funds charge less.
Other funds in US Active Small/Mid-Cap
- CPJFMPGIM Jennison Focused Mid-Cap ETFExpense ratio 0.49%1 year return +12.9%
- CSMOXHorizon Small/Mid Cap Core Equity ETFExpense ratio 0.75%1 year return —
- CBSMCBrandes U.S. Small-Mid Cap Value ETFExpense ratio 0.70%1 year return +19.2%
- CMMIDMFS Active Exchange Traded Funds Trust - MFS Active Mid Cap ETFExpense ratio 0.59%1 year return +8.8%
- CHSMVFirst Trust Horizon Managed Volatility Small/Mid ETFExpense ratio 0.80%1 year return +5.7%