ETF Evaluator:
Thrivent Small Cap Value ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Small Value Over the Last Year
| 44.0% | EA Bridgeway Omni Small-Cap Value ETF (BSVO) |
| 43.5% | Cambria Micro and Smcp Shld Yld ETF (MYLD) |
| 42.4% | First Trust Small Cap Val AlphaDEX® ETF (FYT) |
| 42.0% | Invesco S&P SmallCap 600® Pure Value ETF (RZV) |
| 41.7% | EA Bridgeway Ultra-Small Company Mkt ETF (BUSM) |
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ETF Details
Thrivent Small Cap Value ETF Overview
Thrivent Small Cap Value ETF (TSCV) is an actively managed U.S. Equity Small Value exchange-traded fund (ETF). Thrivent launched the ETF in 2022.
The investment seeks long-term capital growth. The fund's investment objective may be changed without shareholder approval.
Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of small companies. The Adviser focuses mainly on the equity securities of smaller U.S. companies which have market capitalizations equivalent to those companies included in widely known indices such as the Russell 2000® Value Index, S&P SmallCap 600® Index, or the small company market capitalization classification published by Morningstar or Lipper, Inc.
About Thrivent Small Cap Value ETF (TSCV)
There are 2 members of the management team with an average tenure of 3.42 years: Christopher Parker (2023) and Charmaine Chan (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 Value TR USD index with a weighting of 100%. Thrivent Small Cap Value ETF has 58 securities in its portfolio. The top 10 holdings constitute 24.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Thrivent Small Cap Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Thrivent Small Cap Value ETF has 2.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.4% There is 2.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Thrivent Small Cap Value ETF has 2.5% of the portfolio in cash.
Assets Under Management
The fund has $183 million in total assets, which is below the $2 billion average for the Small Value 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.
TSCV 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 Thrivent Small Cap Value ETF expense ratio is above average compared to funds in the Small Value category. Thrivent Small Cap Value ETF has an expense ratio of 0.60%, which is 25% higher than its category average, making the fund expense ratio grade a D. 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. Thrivent Small Cap Value ETF has a portfolio turnover rate of 51%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 60% for the Small Value category.
Recently, in the month of July 2026, Thrivent Small Cap Value ETF returned -1.7%, which earned it a grade of F, as the Small Value category had an average return of 1.2%. 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.
Thrivent Small Cap Value ETF has a trailing yield of 2.10%, which is above the 1.71% category average.
The fund normally distributes its income annually 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.
Thrivent Small Cap Value ETF Grades
Year to date, the ETF has returned 20.8%, 1.0 percentage points better than the category, which translates into a grade of C. The fund has returned 29.7% over the past year (grade of D) and 16.5% over the past three years (grade of A).
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TSCV 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 |
|
| TSCV Return (NAV) | -1.7% | 4.6% | 29.7% | 16.5% | na | na |
| TSCV Return (Price) | -1.7% | 4.7% | 29.9% | 16.6% | na | na |
| NAV +/- Price Return | 0.014% | -0.105% | -0.140% | -0.042% | na | na |
| Small Value Avg | 1.2% | 6.4% | 31.1% | 13.1% | 8.6% | 10.2% |
| TSCV Grade (NAV) | F | F | D | A | na | na |
| +/- Category (NAV) | -2.9% | -1.8% | -1.4% | 3.4% | na | na |
| TSCV Tax-Cost Ratio | na | na | 2.9% | 2.0% | na | na |
TSCV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TSCV Return (NAV) | 20.8% | 4.3% | 21.0% | 10.5% | na | na | na | na | na | na | na |
| TSCV Return (Price) | 20.9% | 4.4% | 21.0% | 10.5% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.004% | 0.009% | 0.000% | 0.000% | na | na | na | na | na | na | na |
| Small Value Avg | 19.7% | 7.0% | 7.8% | 17.1% | -10.9% | 33.0% | 4.1% | 21.2% | -12.2% | 9.8% | 29.4% |
| TSCV Grade (NAV) | C | D | A | F | na | na | na | na | na | na | na |
| +/- Category | 1.0% | -2.7% | 13.2% | -6.6% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.00 |
| R-Squared: | 52% |
| Standard Deviation: | 18.0% |
| Category Risk Index: | 0.98 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.47 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 2.1% |
| Total Assets: | $ 184 Mil |
| Share Class Assets: | $ 184 Mil |
| Turnover: | 51.0% |
| Expense Ratio: | 0.60% |
| Index Fund: | No |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.4 years | |||
| Average Tenure: 3.4 years | |||
| Managers (Year): Parker Christopher (2023), Chan Charmaine (2023) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 58 |
| % in Top 10 Holdings: | 24.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.1% |
Portfolio Allocation |
|
| Domestic Stock: | 95.4% |
| Foreign Stock: | 2.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Thrivent |
| Phone Number: | 800-847-4836 |
| Website: | |
| Inception Date: | March 31, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.60% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.48% |
