Thrivent ETF Trust (TUSB) is a registered investment company that offers exchange-traded funds focused on fixed income strategies; its flagship Thrivent Ultra Short Bond ETF (TUSB) seeks a high level of current income consistent with capital preservation by investing primarily in a diversified portfolio of short-duration investment-grade debt securities, including corporate bonds, asset-backed securities, mortgage-backed securities, U.S. Treasuries, and U.S. government agency debt, as well as a portion in U.S. dollar-denominated foreign debt, with a dollar-weighted average duration of less than two years. The Trust maintains low interest rate sensitivity suitable for investors prioritizing modest income with reduced volatility compared to longer-duration bond funds. Headquartered at 901 Marquette Avenue, Suite 2500, Minneapolis, Minnesota 55402, the Trust is advised by Thrivent Asset Management, LLC, with portfolio management for TUSB led by Cortney Swensen and Andrew Leeser; it operates globally in its investment scope while trading on NYSE Arca.
In recent developments, Thrivent ETF Trust expanded its suite in February 2025 with the launch of the Thrivent Ultra Short Bond ETF (TUSB) and Thrivent Core Plus Bond ETF (TCPB), followed by conversions of Thrivent Mid Cap Value Fund and Thrivent Core Small Cap Value Fund into ETFs—Thrivent Mid Cap Value ETF (TMVE) and Thrivent Small Cap Value ETF (TSCV)—announced in November 2025, bringing the total to five actively managed ETFs with combined assets exceeding $1 billion as of October 31, 2025. These additions reflect Thrivent's strategic shift toward ETF offerings amid growing client demand for flexible, actively managed solutions in equity value and fixed income segments, complementing its broader portfolio of 21 mutual funds and 30 variable portfolios. The Trust, established around 2021 with principal executive offices in Minneapolis, continues to leverage Thrivent Asset Management's expertise in serving individual and institutional investors seeking income, growth, and risk management.