Prospera Income ETF Stock Price, News & Analysis

Prospera Income ETF (NASDAQ: THRV) is an exchange-traded fund launched by Prospera Funds Inc., a newly formed asset management firm founded by industry executive Michael Pierce. According to the fund’s launch announcement, THRV is designed for income-focused investors who seek attractive and consistent monthly distributions while maintaining an emphasis on risk management and diversification across asset classes.

The primary objective of the Prospera Income ETF is to deliver monthly income that targets a level 3–4% above the yield on the 10-year U.S. Treasury. To pursue this objective, the fund’s portfolio is anchored in high-quality fixed income ETFs. Around this core, the investment team tactically allocates to other income-oriented securities, including closed-end funds (CEFs), dividend-paying equities, preferred shares, real estate investment trusts (REITs), and commodities. Each of these components is selected with the stated goal of enhancing yield, diversifying risk, and adding resilience in different market and inflation environments.

Investment approach and portfolio construction

The Prospera Income ETF is described as actively managed under a flexible "go-anywhere" strategy. This means the portfolio managers have discretion to shift the mix of asset classes and sectors as market conditions evolve. The fund’s core allocation to high-quality fixed income ETFs provides a base level of income and credit quality, while tactical positions in CEFs, dividend equities, preferreds, REITs, and commodities are used to adjust the portfolio’s income profile and risk characteristics over time.

A notable feature of THRV’s approach is its integrated risk management and options overlay. The strategy maintains an "Always On" protection layer, with a portion of the portfolio allocated to protective put options. The launch materials state that this protection is set at 0.25% of the portfolio under normal conditions, with the ability to increase hedging exposure up to 10% of the portfolio during periods of heightened volatility. This structure is intended to help cushion market drawdowns and support capital preservation while the fund continues to seek attractive monthly distributions.

The options overlay is implemented using a proprietary rules-based model developed by the fund’s adviser. According to the disclosure, this model evaluates market volatility regimes, macroeconomic indicators, and technical risk signals to calibrate hedging exposures dynamically. The use of derivative instruments, including index put options and VIX call options, introduces additional risks and may increase portfolio volatility, and there is no guarantee that the hedge will be successful or reduce losses in future downturns.

Management team and oversight

Portfolio management for the Prospera Income ETF is headed by senior portfolio manager Peter Montalbano, who is described as having extensive portfolio management experience. He is supported by co-portfolio managers Michael Lowenberg and Kris Wild. The launch announcement notes that the investment team collectively has over 60 years of experience across portfolio management, tactical allocation, and trade execution. In addition to his co-portfolio manager role on THRV, Wild serves as chief investment officer of Prospera Funds Inc.

In public comments about the fund, Prospera’s leadership emphasizes the importance of consistency, flexibility, and stability for income investors. The stated design of THRV reflects this focus by combining an income-oriented core, tactical allocation to income-enhancing assets, and an embedded options-based risk management layer.

Risk considerations and disclosures

The fund’s launch materials highlight that there is no guarantee the Prospera Income ETF will achieve its investment objective. An investment in THRV involves a high degree of risk, including the potential loss of the entire investment. The fund is subject to the risks of its underlying funds, as well as general economic and market conditions. In addition, the fund and its service providers are subject to operational and cybersecurity risks.

Because THRV invests in other funds and uses derivatives, investors are exposed to the specific risks associated with those instruments. The disclosures note that diversification does not guarantee protection against loss, and that ETFs in general are subject to market risk, including the loss of principal. The options overlay strategy, while designed as a hedge, may not perform as intended and can increase portfolio volatility.

Before investing, prospective investors are encouraged in the fund’s disclosures to carefully consider the Prospera Income ETF’s investment objectives, risks, charges, and expenses as described in its prospectus. The launch announcement states that securities are offered through Vigilant Distributors, LLC, a member of FINRA and SIPC, and clarifies that the communication does not constitute an offer to sell or a solicitation of an offer to buy the securities described.

Position within the ETF landscape

Within the broader ETF universe, Prospera Income ETF is positioned as an actively managed income strategy that combines a fixed income core with tactical exposure to multiple income-generating asset classes and an ongoing options-based risk management overlay. This structure may appeal to investors who are seeking a single ETF that blends income generation with explicit downside protection tools, as described in the fund’s launch materials.

According to the available information, Prospera Funds Inc. presents THRV as its first ETF, reflecting the firm’s focus on income-oriented strategies and active portfolio oversight. The emphasis on a rules-based options overlay and flexible allocation across asset classes distinguishes the fund’s stated approach to balancing income and risk management.

Key characteristics summarized

• Fund type: Exchange-traded fund (ETF)
• Issuer: Prospera Funds Inc.
• Exchange listing: NASDAQ, under the ticker symbol THRV
• Primary objective: Attractive, consistent monthly distributions targeting 3–4% above the 10-year U.S. Treasury yield, as stated in launch materials
• Core holdings: High-quality fixed income ETFs
• Tactical allocations: Closed-end funds, dividend-paying equities, preferred shares, REITs, and commodities
• Management style: Actively managed, flexible "go-anywhere" strategy
• Risk management: "Always On" options-based protection layer, with potential hedging up to 10% of the portfolio during elevated volatility
• Options overlay model: Proprietary rules-based framework using volatility, macroeconomic, and technical signals

All information above is based on the publicly available launch announcement for the Prospera Income ETF and related disclosures. Investors should refer to the fund’s official prospectus and regulatory documents for complete and authoritative details on the strategy, risks, and costs associated with THRV.