TSME: THRIVENT SMALL-MID CAP EQUITY ETF
What this ETF is trying to do
The Thrivent Small-Mid Cap Equity ETF (TSME) focuses on companies that are generally smaller or medium-sized. Instead of investing in the biggest companies in the world, it spreads its money across a variety of mid-sized businesses. As of October 7, 2026, the fund held 65 different companies.
Top Holdings
The portfolio is diversified, meaning it owns many different stocks. Some of the largest holdings include:
• SharkNinja Inc (3.42%)
• Enova International Inc (3.37%)
• Littelfuse Inc (2.81%)
• LSI Industries Inc (2.53%)
• Bel Fuse Inc Class B (2.48%)
What the numbers show
As of October 5, 2026, the share price was $47.14. To understand how the price has changed, we can look at the price return (which only tracks the share price) and the total return (which includes distributions).
• Year-to-Date: The price return is 13.22%.
• One Year: The price return is 13.89%, while the total return is 14.08%.
• Three Year: The price return is 73.44%, while the total return is 75.28%.
For a simple example, if you had invested $10,000 exactly one year ago at the estimated price of $41.39, the price-only increase would have grown that investment to approximately $11,389.
Income and distribution explanation
This ETF pays out cash to investors, known as distributions. The distribution yield is 0.15%. However, these payments are "irregular," meaning they do not happen on a set schedule. In the last 12 months, there was only one payout.
It is important for beginners to remember that a distribution yield is not the same as a total return. While distributions provide cash, they are only one part of how an investor might make money.
NAV erosion explanation
"NAV erosion" happens when the actual value of the assets inside an ETF drops over time, often causing the share price to fall permanently.
For TSME, the erosion-risk score is 100, and the severity is labeled as "good." The data shows "No price erosion detected," and there is no severe erosion-risk flag for this fund.
Pros
• Strong Growth: The fund has shown significant price returns over the last three years.
• Low Erosion Risk: The erosion-risk score suggests the fund's price has remained stable relative to its value.
Cons
• Low Income: The distribution yield is very low (0.15%).
• Unpredictable Payouts: Because distributions are irregular, investors cannot rely on a steady monthly or quarterly check.
Beginner takeaway
TSME is designed for investors who want exposure to small and mid-sized companies. While it has seen strong price growth over the last few years, it is not designed to be a high-income fund. Investors should focus on the total return rather than the small distribution yield.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | SHARKNINJA INC | SN | 3.42% |
| 2 | ENOVA INTERNATIONAL INC | ENVA | 3.37% |
| 3 | LITTELFUSE INC | LFUS | 2.81% |
| 4 | LSI INDUSTRIES INC | LYTS | 2.53% |
| 5 | BEL FUSE INC CLASS B | BELFB | 2.48% |
| 6 | VIKING HOLDINGS LTD | VIK | 2.43% |
| 7 | RYDER SYSTEM INC | R | 2.24% |
| 8 | LIMBACH HOLDINGS INC | LMB | 2.20% |
| 9 | n/a | AGM | 2.12% |
| 10 | ONEMAIN HOLDINGS INC | OMF | 2.11% |