TSME Fees and Costs — Thrivent Small-Mid Cap Equity ETF
Data updated: 2026-08-26
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $246K in broker commissions, 0.0662% of average net assets, and portfolio turnover was 80%.
TSME Fees and Expenses
Annual operating expenses and sales charges of TSME. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TSME Costs Over Time
On $10,000 invested in TSME, assuming 5% a year before costs, total costs come to $451 over 5 years, cutting the return by 0.75% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $247 | $451 |
| Value after costs | $10,425 | $11,329 | $12,312 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
TSME Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0662%
- Total broker commissions: $246K
- Bought from dealers (principal trades, not a cost): $152.0M
- Portfolio turnover (prospectus): 80%
- Securities lending: none during the year
TSME Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Robert W. Baird & Co. Incorporated | $36K | 17.46% |
| Piper Sandler & Co. | $33K | 15.88% |
| BMO Capital Markets Corp. | $27K | 13.17% |
| Jefferies LLC | $21K | 10.26% |
| BofA Securities, Inc. | $21K | 10.10% |
| Morgan Stanley & Co. LLC | $20K | 9.86% |
| Barclays Capital Inc. | $17K | 8.37% |
| Goldman Sachs & Co. LLC | $13K | 6.02% |
| Raymond James & Associates, Inc. | $10K | 4.60% |
| RBC Capital Markets, LLC | $9K | 4.29% |
TSME Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $100.8M | 66.60% |
| BMO Capital Markets Corp. | $19.0M | 12.58% |
| Deutsche Bank Securities Inc. | $7.9M | 5.24% |
| Citigroup Global Markets Inc. | $7.1M | 4.72% |
| J.P. Morgan Securities LLC | $4.1M | 2.68% |
| BofA Securities, Inc. | $3.7M | 2.48% |
| BNY Capital Markets, LLC | $3.5M | 2.29% |
| Goldman Sachs & Co. LLC | $3.2M | 2.11% |
| Wells Fargo Securities, LLC | $1.0M | 0.68% |
| Daiwa Capital Markets America Inc. | $945K | 0.62% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.