| Investment Objective: |
Thrivent Small Cap Value ETF (the "Fund") seeks long-term capital growth. The Fund's investment objective may be changed without shareholder approval. The Fund invests at least 80% of its net assets in equity securities of small companies. Thrivent Asset Management, LLC ( the "Adviser") focuses mainly on the equity securities of smaller U.S. companies which it defines as those companies that have market capitalizations equivalent to or less than those companies included in widely known indices of small companies, such as the Russell 2000 Index, S&P SmallCap 600 Index, or the small company market capitalization classification published by Morningstar or Lipper, Inc. The Fund defines small-cap companies as those with market capitalizations at the time of purchase at or below the market capitalization of the largest company represented in either the Russell 2000 Index or the S&P SmallCap 600 Index. The Fund is an actively managed exchange traded fund. The Adviser uses fundamental analysis and other investment techniques to identify stocks of companies that it believes are undervalued in relation to their long-term earnings potential or asset value. |
