ETF Evaluator:
Prospera Income ETF ()
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(as of Aug 26)
Best Performing in Miscellaneous Allocation Over the Last Year
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ETF Details
Prospera Income ETF Overview
Prospera Income ETF (THRV) is an actively managed Allocation Miscellaneous Allocation exchange-traded fund (ETF). Prospera Funds Inc. launched the ETF in 2025.
The investment seeks to provide income and capital preservation.
The fund is an actively-managed exchange-traded fund (“ETF”) that is designed as a multi-asset income strategy and pursues its investment objective by investing in publicly traded fixed income ETFs, publicly traded closed-end funds (“CEFs”) and other registered investment companies, sponsored American Depositary Receipts (“ADRs”), common stock, commodities and fixed income securities. The fund is non-diversified.
About Prospera Income ETF (THRV)
There are 3 members of the management team with an average tenure of 0.84 years: Peter Montalbano (2025), Michael Lowenberg (2025) and Kristof Wild (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Prospera Income ETF has 50 securities in its portfolio. The top 10 holdings constitute 54.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Prospera Income ETF is part of the Allocation global asset class and is within the Allocation ETF group. Prospera Income ETF has 14.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 8.0% There is 0.4% allocated to foreign stock, and 0.6% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 42.1% (27.7% domestic bond, 14.3% foreign bond and 0.0% convertible bond). Prospera Income ETF has 31.0% of the portfolio in cash.
Assets Under Management
The fund has $8 million in total assets, which is below the $16 million average for the Miscellaneous Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
THRV Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Prospera Income ETF expense ratio is high compared to funds in the Miscellaneous Allocation category. Prospera Income ETF has an expense ratio of 1.80%, which is 99% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Prospera Income ETF has a portfolio turnover rate of 248%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 99% for the Miscellaneous Allocation category.
Recently, in the month of July 2026, Prospera Income ETF returned -0.3%, which earned it a grade of D, as the Miscellaneous Allocation category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Prospera Income ETF has a trailing yield of 0.00%, which is below the 2.22% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Prospera Income ETF Grades
Year to date, the ETF has returned 1.7%, 0.5 percentage points worse than the category, which translates into a grade of D.
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THRV Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| THRV Return (NAV) | -0.3% | -0.0% | na | na | na | na |
| THRV Return (Price) | -0.0% | 0.3% | na | na | na | na |
| NAV +/- Price Return | -0.265% | -0.316% | na | na | na | na |
| Miscellaneous Allocation Avg | 0.0% | 0.0% | 4.7% | 7.9% | 3.2% | 5.2% |
| THRV Grade (NAV) | D | D | na | na | na | na |
| +/- Category (NAV) | -0.3% | -0.1% | na | na | na | na |
| THRV Tax-Cost Ratio | na | na | na | na | na | na |
THRV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| THRV Return (NAV) | 1.7% | na | na | na | na | na | na | na | na | na | na |
| THRV Return (Price) | 2.0% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.199% | na | na | na | na | na | na | na | na | na | na |
| Miscellaneous Allocation Avg | 2.2% | 9.4% | 23.5% | 9.3% | -14.5% | 18.9% | -1.1% | 17.9% | -0.6% | 7.3% | 10.2% |
| THRV Grade (NAV) | D | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.5% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 9 Mil |
| Share Class Assets: | $ 9 Mil |
| Turnover: | 248.0% |
| Expense Ratio: | 1.80% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.8 years | |||
| Average Tenure: 0.8 years | |||
| Managers (Year): Montalbano Peter (2025), Lowenberg Michael (2025), Wild Kristof (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 50 |
| % in Top 10 Holdings: | 54.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 14.7% |
Portfolio Allocation |
|
| Domestic Stock: | 8.0% |
| Foreign Stock: | 0.4% |
| Preferred Stock: | 0.6% |
| Domestic Bond: | 27.7% |
| Foreign Bond: | 14.3% |
| Convertible Bond: | 0.0% |
| Other: | 17.9% |
| Cash: | 31.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Prospera Funds Inc. |
| Phone Number: | 843-310-3633 |
| Website: | |
| Inception Date: | September 29, 2025 |
Expenses and Fees
| Expense Ratio (%): | 1.80% (Rating: High) |
| Category Average Expense Ratio (%): | 0.90% |
