Thrivent Bolsters Fixed-Income Offerings With Two New Active Bond ETFs
Chandrima Sanyal 1 year ago
New ETFsETFs
Thrivent launches two actively managed bond ETFs catering to income generation and capital preservation to support financial planning.
Thrivent has launched two actively managed bond ETFs, Thrivent Core Plus Bond ETF (NYSE:TCPB) and Thrivent Ultra Short Bond ETF (NYSE:TUSB), each catering to different fixed-income strategies.
TCPB focuses on generating income while aiming for capital growth and total return. With a 0.39% expense ratio, it primarily invests in investment-grade debt but can allocate up to 30% to junk bonds (badly rated debt securities). The fund has no fixed duration and includes international debt securities denominated in U.S. dollars, including those from emerging markets.
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TUSB prioritizes capital preservation and income generation. It carries a 0.20% expense ratio, invests mostly in investment-grade bonds and maintains an average maturity of two years or less, reducing interest rate risk.
Thrivent's ETF expansion comes as Americans struggle with financial insecurity. The company's Financial Fitness Survey shows that 53% worry about retirement, yet only 28% are saving for it. Similarly, while 48% are concerned about debt, only 36% plan to prioritize repayment.
TCPB and TUSB offer potential solutions by providing managed bond strategies for income generation and capital preservation, supporting long-term financial planning.
Both ETFs rely on fundamental analysis and other research techniques. Thrivent's portfolio team evaluates financial stability, management expertise, and business outlook to identify issuers with solid return potential.
With these additions, Thrivent strengthens its presence in the ETF market, meeting the rising demand for actively managed bond funds.
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