It’s calculated by dividing the fund’s annual operating expenses by the average dollar value of its assets. It does not include the impact of any fee waivers or expense reimbursements that may have been in effect during the time period. This figure represents the total percentage of a fund’s assets used to maintain the fund, including operating expenses and management fees. These returns, also known as trailing returns, illustrate fund performance over a specific time period, including capital appreciation as well as reinvested dividends and capital gains distributions.Īll returns greater than one year are annualized returns for periods of less than one year are not annualized. The commission paid by an investor upon investment in a fund. It’s calculated by dividing a fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period. This figure represents the total percentage of a mutual fund’s assets used to maintain a fund, including operating expenses and management fees. Returns are calculated on a year-to-date and trailing 12-month basis. These returns, also known as trailing returns, illustrate a fund's performance over a specific time period, including capital appreciation as well as reinvested dividends and capital gains distributions. The daily NAV change is the difference between a fund’s current price per share and its price at the time of market close on the prior day. The NAV is calculated by dividing the market value of all a fund’s shares (minus its liabilities) by the number of issued shares. The NAV is a fund’s value or price per share. The ratings are a snapshot of risk-adjusted performance at a point in time and should not be the only thing considered when making a fund selection.įor more information on the Fixed-Income style box, see the Rating section.

The ratings range from one to five stars, with one being the poorest and five being the best. If shown, the Morningstar star rating is a rating given to mutual funds (and other managed products) by the investment research firm Morningstar. Funds on the lower risk portion of the scale (Conservative, Moderately Conservative) are expected to have a lower degree of volatility and price fluctuations while those on the higher risk portion of the scale (Aggressive, Moderately Aggressive) are expected to have a higher degree of volatility and price fluctuations.

The risk profile within the Thrivent products has been categorized into five levels: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive, ranging from lower risk potential to higher risk potential. For additional information regarding the unique attributes and risks of the ETF, see the Principal Risks section of the prospectus. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy.

The differences between this ETF and other ETFs may also have advantages. While the Proxy Portfolio includes some of the ETF’s holdings, it is not the ETF’s actual portfolio. The ETF will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETF. These additional risks may be even greater in bad or uncertain market conditions. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders. The price you pay to buy ETF shares on an exchange may not match the value of the ETF’s portfolio. This ETF will provide less information to traders, who tend to charge more for trades when they have less information. You may have to pay more money to trade the ETF’s shares. This may create additional risks for your investment. This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day.

Bond turnover ratio formula