Thrivent Small-Mid Cap Equity ETF
TSME
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 901 Marquette Avenue Minneapolis MN United States of America 55402
- IPO Date
- Oct 5, 2022
- Website
- fp.thriventfunds.com
- Similar Companies
- Business
- Thrivent Small-Mid Cap Equity ETF (TSME) is an actively managed exchange-traded fund that seeks long-term capital growth by investing primarily in equity securities of small- and mid-sized companies listed on national securities exchanges, including growth and value stocks within the market capitalization range of the Russell 2500 Index or S&P MidCap 400 Index; the fund employs fundamental, quantitative, and technical analysis to select companies with sustainable business models across diversified sectors such as industrials, technology, consumer discretionary, financials, and health care. Issued by Thrivent ETF Trust and managed by Thrivent Asset Management, LLC, a subsidiary of the Minneapolis-based financial services organization Thrivent (founded in 1902 and headquartered at 901 Marquette Avenue, Minneapolis, Minnesota), TSME benchmarks its performance against the Russell 3000 Index, Russell 2500 Index, and S&P MidCap 400 Index while maintaining a portfolio of approximately 60-70 holdings, with top positions including Bel Fuse Inc., FTAI Aviation Ltd., Modine Manufacturing Company, and nVent Electric plc as of late 2025. The ETF, which launched on October 5, 2022, operates in the U.S. public equity markets and targets investors seeking exposure to mid-cap blend strategies with an expense ratio of 0.65%. In recent developments, the fund underwent a name change from Thrivent Small-Mid Cap ESG ETF to its current name effective January 31, 2025, dropping ESG criteria as a principal strategy to focus purely on equity selection for growth; on October 3, 2025, it converted its structure from semi-transparent (using the Natixis/NYSE non-transparent model) to fully transparent, enhancing portfolio disclosure. Thrivent has expanded its ETF suite amid rapid market growth, launching Thrivent Ultra Short Bond ETF (TUSB) and Thrivent Core Plus Bond ETF (TCPB) in 2025, and converting Thrivent Mid Cap Value Fund and Thrivent Core Small Cap Value Fund into ETFs (TMVE and TSCV) on November 14, 2025, bringing its total ETF offerings to five alongside 21 mutual funds and 30 variable portfolios. These changes reflect Thrivent's strategic shift toward greater ETF flexibility and active management expertise in small- and mid-cap segments to meet client demand for diversified, long-term capital appreciation vehicles.