TUSB Fees and Costs — Thrivent Ultra Short Bond ETF
Data updated: 2026-08-26
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0020% of average net assets, and portfolio turnover was 43%.
TUSB Fees and Expenses
Annual operating expenses and sales charges of TUSB. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
TUSB Costs Over Time
On $10,000 invested in TUSB, assuming 5% a year before costs, total costs come to $128 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $70 | $128 |
| Value after costs | $10,479 | $11,506 | $12,634 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
TUSB 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): 0.0020%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $481.3M
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
TUSB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $2K | 100.00% |
TUSB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $95.2M | 24.82% |
| Morgan Stanley & Co. LLC | $94.7M | 24.69% |
| Jane Street Execution Services, LLC | $51.8M | 13.49% |
| Citigroup Global Markets Inc. | $27.0M | 7.04% |
| BofA Securities, Inc. | $22.5M | 5.88% |
| Wells Fargo Securities, LLC | $20.4M | 5.33% |
| J.P. Morgan Securities LLC | $20.2M | 5.28% |
| Goldman Sachs & Co. LLC | $18.5M | 4.82% |
| BMO Capital Markets Corp. | $18.5M | 4.81% |
| Natwest Markets Securities Inc. | $14.8M | 3.85% |
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.