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TCPBThrivent Core Plus Bond ETF

Get income1y track recordRanked #693 of 1,622 in this goal

Seeks a high level of current income, total return, and long-term growth of capital.

By Thrivent · Launched 2025

Annual Cost

0.39%

#1,958 of 5,562 · average

Fund Size

$427M

#1,694 of 5,562 · large

Dividend YieldGoal

4.77%

Track Record

1 year

#4,178 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,547+5.5%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 21.3% of fund✓ well diversified

United States Treasury
3.3%
United States Treasury
3.1%
United States Treasury
2.5%
United States Treasury
1.9%
United States Treasury
1.9%
Fannie Mae
1.8%
United States Treasury
1.7%
Freddie Mac
1.7%
United States Treasury
1.7%
Fannie Mae
1.7%

Asset allocation

Bonds
99.7%
Preferred
0.6%
Convertible
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
4.1%Low

Year-on-year price swings

Max drawdown
-2.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Bond profile

Duration

4.8 years

Avg maturity

9.7 years

Credit ratings

US Government
21.4%
AAA
23.8%
AA
27.2%
A
9.8%
BBB
27.9%
BB
6.9%
B
0.6%
Other
3.9%

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks a high level of current income, total return, and long-term growth of capital.
Strategy
Invests primarily in investment-grade debt securities rated BBB- or higher, and may include up to 30% in high-yield, below-investment-grade securities. The Fund is actively managed and may invest in U.S. dollar-denominated debt of foreign companies, including those in emerging markets.
Inception date
February 18, 2025
Fund family
Thrivent

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
81.9%
TE
1.9%
Beta
0.93
Fee
6× 0.07%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + low_tracking_error+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19