Thrivent Transforms Mutual Funds into Small- and Mid-Cap Value ETFs: Details Revealed
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2025
0mins
Should l Buy MTB?
Source: Benzinga
Thrivent's ETF Launch: Thrivent Asset Management has converted two mutual funds into exchange-traded funds (ETFs), the Thrivent Small Cap Value ETF (TSCV) and Thrivent Mid Cap Value ETF (TMVE), to enhance investor access to its active stock-picking strategies.
Fund Details: TSCV starts with $146.74 million in assets and a 0.60% expense ratio, while TMVE has $19.88 million and a 0.55% expense ratio, focusing on undervalued companies with improving fundamentals.
Portfolio Composition: The small-cap ETF holds 61 stocks, including Cushman & Wakefield and Plymouth Industrial REIT, while the mid-cap ETF consists of 81 stocks, featuring M&T Bank and Sysco Corp, both employing a strategy of seeking companies with stable or improving returns.
Management Fee Changes: The transition from mutual funds to ETFs introduces management fees, which were previously absent, and may affect performance, as noted by Thrivent Mutual Funds President Mike Kremenak.
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Analyst Views on MTB
Wall Street analysts forecast MTB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MTB is 229.25 USD with a low forecast of 210.00 USD and a high forecast of 251.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
4 Buy
9 Hold
0 Sell
Moderate Buy
Current: 233.940
Low
210.00
Averages
229.25
High
251.00
Current: 233.940
Low
210.00
Averages
229.25
High
251.00
About MTB
M&T Bank Corporation is a financial holding company. The Company’s principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern United States from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the United States and abroad by its Wilmington Trust-affiliated companies and by M&T Bank. Its segments include Commercial Bank, Retail Bank and Institutional Services and Wealth Management. The Commercial Bank segment provides a range of credit products and banking services to middle-market and large commercial customers, mainly within the markets served by the Company. The Retail Bank segment provides a wide range of services to consumers and small businesses through the Company’s branch network and several other delivery channels. The Institutional Services and Wealth Management segment provides a variety of trustee, agency, investment management and administrative services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Community Engagement: As an active member of the Boston community, Carpenter will continue serving on several boards, promoting M&T Bank's collaboration in innovation, medical research, and higher education sectors.
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- Business Coverage: Headquartered in Buffalo, New York, M&T Bank offers banking products and services across the eastern U.S., ensuring strong competitive positioning in regional markets.
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- Market Implications: This adjustment reflects UBS's positive outlook on M&T Bank's performance and potential growth in the financial sector.
See More
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- Leadership Appointment: M&T Bank has appointed Jeff Carpenter as the new Regional President for Massachusetts, reinforcing the bank's commitment to customer service with over 20 years of corporate and specialty banking experience.
- Team Leadership: Carpenter will guide various teams, including retail, business, and wealth management, leveraging his deep regional knowledge and financial expertise to drive growth in the area.
- Community Engagement: As an active member of the Boston community, Carpenter will continue serving on several boards, enhancing M&T Bank's local impact and fostering partnerships with sectors like innovation, medical research, and higher education.
- Employee and Charitable Commitment: M&T Bank employs 678 people across 61 branches in Massachusetts, having donated nearly $5 million to local nonprofits last year and providing 7,300 hours of volunteer service, showcasing its strong commitment to the community.
See More
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- Leadership Appointment: M&T Bank has appointed Jeff Carpenter as Regional President for Massachusetts, leveraging over 20 years of corporate and specialty banking experience to enhance customer service and drive regional growth.
- Team Leadership: Carpenter will guide the regional leadership team, including retail, business, and wealth management, using his deep understanding of capital markets to strengthen client relationships and enhance community impact.
- Community Engagement: As an active member of the Boston community, Carpenter will continue serving on several boards, promoting M&T Bank's collaboration in innovation, medical research, and higher education sectors.
- Employee and Charitable Impact: M&T Bank employs 678 people across 61 branches in Massachusetts and donated nearly $5 million to local nonprofits last year, demonstrating a strong commitment to community responsibility.
See More
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- M&T Bank's Stock Sale: M&T Bank Corporation plans to sell 101.46K shares of its common stock on January 30.
- Market Value: The total market value of the shares being sold is approximately $22.47 million.
See More
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Dramatic Start to 2026: The year has begun with significant tensions, likened to a transition from conflict to peace efforts.
Greenland's Political Situation: Greenland was on the verge of becoming the seventh state of New England, highlighting its unique geopolitical status.
See More
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- Dividend Announcement: M&T Bank has declared quarterly cash dividends payable on March 16, 2026, with a record date of March 2, 2026, reflecting the company's ongoing commitment to shareholder returns.
- Preferred Stock Series: The dividends apply to multiple series of M&T's perpetual preferred stock, indicating robust capital structure management that helps bolster investor confidence.
- Business Coverage: Headquartered in Buffalo, New York, M&T Bank offers banking products and services across the eastern U.S., ensuring strong competitive positioning in regional markets.
- Trust Services Expansion: M&T provides trust-related services through its Wilmington Trust affiliates in select U.S. and international markets, further broadening its business scope and enhancing customer service capabilities.
See More
