AMENDMENT NO. 4
TO INVESTMENT ADVISORY AGREEMENT
(Thrivent ETF Trust)
Thrivent ETF Trust (the “Trust”) and Thrivent Asset Management, LLC (the “Adviser”) hereby agree that the Investment Advisory Agreement dated August 30, 2022, as may be amended from time to time, between the Trust and the Adviser (the “Agreement”) is hereby amended this 19th day of August, 2026, to reflect that the Thrivent Large Cap Stock ETF and Thrivent Securitized Income ETF shall each be deemed a “Fund” under the terms of the Agreement effective October 14, 2026. A revised Exhibit A is attached hereto.
THRIVENT ETF TRUST
| By: | /s/ Michael W. Kremenak | |
| Michael W. Kremenak | ||
| President | ||
THRIVENT ASSET MANAGEMENT, LLC
| By: | /s/ Jeffrey D. Cloutier | |
| Jeffrey D. Cloutier | ||
| Vice President, Chief Financial Officer and Treasurer | ||
EXHIBIT A
TO
THRIVENT ETF TRUST INVESTMENT ADVISORY AGREEMENT
Dated August 30, 2022
| 1. | Thrivent Small-Mid Cap Equity ETF (name change effective January 31, 2025) |
The management fee for this Fund, calculated in accordance with Paragraph 5 of Thrivent ETF Trust’s Investment Advisory Agreement, shall be at an annual rate of 0.65% of average daily net assets.
| 2. | Thrivent Core Plus Bond ETF (effective February 19, 2025) |
The management fee for this Fund, calculated in accordance with Paragraph 5 of Thrivent ETF Trust’s Investment Advisory Agreement, shall be at an annual rate of 0.39% of average daily net assets.
| 3. | Thrivent Ultra Short Bond ETF (effective February 19, 2025) |
The management fee for this Fund, calculated in accordance with Paragraph 5 of Thrivent ETF Trust’s Investment Advisory Agreement, shall be at an annual rate of 0.20% of average daily net assets.
| 4. | Thrivent Mid Cap Value ETF (effective September 8, 2025) |
The management fee for this Fund, calculated in accordance with Paragraph 5 of Thrivent ETF Trust’s Investment Advisory Agreement, shall be at an annual rate of 0.55% of average daily net assets.
| 5. | Thrivent Small Cap Value ETF (effective September 8, 2025) |
The management fee for this Fund, calculated in accordance with Paragraph 5 of Thrivent ETF Trust’s Investment Advisory Agreement, shall be at an annual rate of 0.60% of average daily net assets.
| 6. | Thrivent International Large Cap ETF (effective May 4, 2026) |
The management fee for this Fund, calculated in accordance with Paragraph 5 of Thrivent ETF Trust’s Investment Advisory Agreement, shall be at an annual rate of 0.52% of average daily net assets.
| 7. | Thrivent International Small Cap ETF (effective May 4, 2026) |
The management fee for this Fund, calculated in accordance with Paragraph 5 of Thrivent ETF Trust’s Investment Advisory Agreement, shall be at an annual rate of 0.55% of average daily net assets.
| 8. | Thrivent Large Cap Stock ETF (effective October 19, 2026) |
The management fee for this Fund, calculated in accordance with Paragraph 5 of Thrivent ETF Trust’s Investment Advisory Agreement, shall be at an annual rate of 0.30% of average daily net assets.
| 9. | Thrivent Securitized Income ETF (effective October 19, 2026) |
The management fee for this Fund, calculated in accordance with Paragraph 5 of Thrivent ETF Trust’s Investment Advisory Agreement, shall be at an annual rate of 0.40% of average daily net assets.