Thrivent Ultra Short Bond ETF (TUSB)

The Thrivent Ultra Short Bond ETF is an actively managed fixed-income fund from Thrivent, the Minneapolis-based financial services organization. It seeks current income while aiming to limit fluctuations in principal value.

The fund invests mainly in short-maturity, primarily investment-grade debt such as corporate bonds, securitized debt, government securities and money market instruments. Its portfolio is managed to keep overall interest-rate sensitivity, or duration, very low, so its share price tends to be less sensitive to rate changes than funds holding longer-term bonds.

The fund is commonly used as an alternative to cash or money market holdings for investors seeking somewhat higher income with modest credit and rate exposure.