Prospera Income ETF
THRV
NASDAQ Global Select- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 1000 Palm Boulevard, Suite 66 Isle of Palms SC United States of America 29451
- IPO Date
- Apr 5, 2017
- Website
- prosperafunds.com
- Similar Companies
- Business
- Prospera Income ETF (THRV) is an actively managed exchange-traded fund that seeks to provide consistent monthly income and capital preservation through a flexible, go-anywhere multi-income strategy. The fund anchors 30-50% of its portfolio in high-quality fixed income ETFs for structural stability, daily liquidity, and access to bond market segments across the yield curve; tactically allocates the remainder to closed-end funds (CEFs), dividend-paying equities, preferred shares, real assets including REITs, commodities, American Depositary Receipts (ADRs), and U.S. Treasuries to enhance yield, diversify risk, and provide inflation resilience; and maintains an "Always On" protection layer with 0.25% in protective puts, scalable to 10% during heightened volatility using rules-based models incorporating market volatility regimes, macroeconomic indicators, and technical signals. THRV targets distributions of 3-4% above the 10-year U.S. Treasury yield while prioritizing net asset value stability through active trading across asset classes and sectors, weekly risk monitoring on volatility, beta, drawdowns, and concentration, and opportunistic position adjustments. The fund operates in the exchange-traded fund segment of the asset management industry, serving income-focused retail and institutional investors seeking diversified, resilient yield sources with downside protection. It trades on Nasdaq and is issued by Thrive Series Trust under the investment advisory of Prospera Funds Inc., a Charleston, South Carolina-based firm founded in 2025 by industry veteran Michael Pierce; securities distribution occurs through Vigilant Distributors, LLC. Prospera Funds Inc. launched THRV on Nasdaq in September 2025 as its inaugural ETF, appointing senior portfolio manager Peter Montalbano (over 24 years of experience) alongside co-portfolio managers Michael Lowenberg and Kris Wild (collectively over 60 years of combined expertise), with Wild also serving as chief investment officer.