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Investing involves risks, including the possible loss of principal. The prospectus and summary prospectus contain more complete information on the investment objectives, risks, charges and expenses of the fund, and other information, which investors should read and consider carefully before investing. Prospectuses and summary prospectuses are available at thriventfunds.com or by calling 800-521-5308.

*This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks. for your investment. For example: You may have to pay more money to trade the ETF’s shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information. The price you pay to buy ETF shares on an exchange may not match the value of the ETF’s portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders. These additional risks may be even greater in bad or uncertain market conditions. The ETF will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF’s holdings, it is not the ETF’s actual portfolio. The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of the ETF, see the Principal Risks section of the Prospectus.

Thrivent Mutual Funds, Thrivent Series Fund, Inc. and Thrivent Church Loan and Income Fund are distributed by Thrivent Distributors, LLC, a registered broker-dealer and member FINRA / SIPC. ALPS Distributors, Inc. is the distributor for Thrivent ETF Trust. Thrivent Distributors, LLC is the marketing agent for Thrivent ETF Trust. Thrivent Asset Management, LLC, an SEC-registered investment adviser, is the investment adviser for Thrivent Mutual Funds, Thrivent Church Loan and Income Fund and Thrivent ETF Trust. Thrivent Asset Management also provides sponsors of managed accounts with non- discretionary investment advice in the form of model portfolios. Thrivent Series Fund, Inc. are advised by Thrivent, an SEC-registered investment adviser. Thrivent Distributors, LLC and Thrivent Asset Management, LLC are both subsidiaries of Thrivent, the marketing name for Thrivent Financial for Lutherans. ALPS Distributors, Inc. is not affiliated with Thrivent or any of its subsidiaries.