MINNEAPOLIS (February 19, 2025) – Thrivent, a Fortune 500 financial services company, today announced the launch of two new fixed income ETFs to its suite of investment fund products: Thrivent Core Plus Bond ETF (NYSE: TCPB) and Thrivent Ultra Short Bond ETF (NYSE: TUSB). The addition of these funds will bring Thrivent Asset Management to the two largest active fixed income ETF categories in the industry for the first time.

ETFs represent a rapidly growing area within the investments industry. In particular, fixed income ETFs may be an attractive option to Thrivent’s clients given the current interest rate environment.

“Thrivent has deep expertise in the fixed income space – notably in managing government, corporate and short-duration bond strategies – along with a track record of strong performance relative to others in the industry,” said Michael Kremenak, president of Thrivent Funds. “These new ETFs will help deliver value to our clients as they consider diversifying their portfolios.”

The ETFs will be managed by leaders who collectively bring decades of investment expertise.

• Cortney Swensen, CFA, and Andrew Leeser, CFA, will serve as portfolio managers for the Thrivent Ultra Short Bond ETF. This ETF’s objective is to seek a high level of current income consistent with the preservation of capital.
• Kent White, CFA, and Cortney Swensen, CFA, will serve as portfolio managers for the Thrivent Core Plus Bond ETF. This ETF’s objective is to seek a high level of current income and, secondarily, total return and long-term growth of capital.

These two new ETFs join Thrivent Fund’s portfolio of 23 mutual funds, 26 variable portfolios and one ETF. To learn more about Thrivent’s ETFs, click here.  

About Thrivent 
Thrivent is a Fortune 500 financial services company that helps people achieve financial clarity, enabling lives full of meaning and gratitude. Thrivent and its subsidiary and affiliate companies serve more than 2.4 million clients, offering advice, insurance, investments, banking and generosity products and programs online and through financial advisors and independent agents nationwide. Thrivent has $194 billion in assets under management/advisement (as of 12/31/24). Thrivent carries ratings from independent rating agencies which demonstrate the strength and stability of the organization, including an A++ rating from AM Best; an Aa2 rating from Moody's Ratings; and an AA+ rating from S&P Global Ratings. Ratings are based on Thrivent's financial strength and claims-paying ability, but do not apply to investment product performance. For information on these ratings, visit the rating agency's website. Dividends are not guaranteed. For more information about Thrivent, visit Thrivent.com or find us on Facebook, Instagram and LinkedIn.

Investing involves risks, including the possible loss of principal. The prospectus and summary prospectus contain more complete information on the investment objectives, risks, charges and expenses of the fund, and other information, which investors should read and consider carefully before investing. Prospectuses and summary prospectuses are available at thriventETFs.com or by calling 800-847-4836.

Risks: The ETF is newly formed and does not have any operating history. Debt securities may decline in price when interest rates rise and/or issuers are no longer able or willing pay their debt. Mortgage-backed and asset-backed securities are influenced by the housing market and assets underlying such securities. U.S. government securities may not be fully backed by the U.S government and issuers may not meet their payment obligations. U.S. government securities’ value may be affected by credit ratings. Investing in collateralized debt obligations carries significant risks, including the quality of collateral, potential defaults, market liquidity, and management performance. Performance is influenced by the performance of the broader market and financial sector and risks associated with derivatives and specific issuers. These and other risks are described in the prospectus.

ALPS Distributors, Inc., member FINRA, is the distributor for Thrivent ETFs. Thrivent Distributors, LLC is the marketing agent and asset management services are provided by Thrivent Asset Management, LLC, an SEC-registered investment adviser. Thrivent Distributors, LLC and Thrivent Asset Management, LLC are subsidiaries of Thrivent, the marketing name for Thrivent Financial for Lutherans. ALPS Distributors, Inc. is not affiliated with Thrivent or any of its subsidiaries.

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