This is an actively managed ETF that seeks long-term capital growth by investing in large-cap stocks from developed markets outside the United States. Rather than mechanically replicating an index, the portfolio managers select the individual stocks.

It suits long-term diversified investors who hold US-heavy portfolios and want to add exposure to large-cap stocks in overseas developed markets.

It is an ETF run by Thrivent under an active (actively managed) approach.

The fund follows an active strategy in which the portfolio managers select and hold large-cap stocks from developed markets outside the United States based on fundamentals. Unlike passive funds that replicate an index as is, the managers' judgment is reflected directly in performance.

• Focus on large-cap stocks in developed markets outside the US
• Active selection at the managers' discretion

Assets under management (AUM) stand at $945.6M, and the total expense ratio (Expense Ratio) is 0.52% per year.

Its management fee is somewhat higher than that of passive international ETFs, and in exchange the managers' stock selection is added on top.

Overseas developed-market large caps sometimes move differently from the US market, so from a diversification standpoint they tend to complement a US-centered portfolio. Exchange rates and regional economic differences influence the trend.

As investors with heavy US concentration look for ways to diversify internationally, money has often flowed into overseas large-cap ETFs. Depending on whether the dollar is strong or weak, the performance of overseas assets converted into KRW or USD changes, which also affects fund flows.

International diversification and active selection are its strengths, while higher fees than passive funds and currency exposure are points to check.

For broad, low-cost diversification across large-cap stocks in developed markets outside the US, the leading passive products VEA, IEFA and EFA are direct comparisons. These are passive ETFs that track an index and tend to carry low management fees, whereas TILC differs in that it selects stocks within the same international large-cap space at the managers' discretion. To broaden exposure to emerging markets as well, a separate emerging-market ETF would need to be considered.

Here are the points to check before investing in TILC. Because it is an actively managed ETF holding large-cap stocks in developed markets outside the US, it is wise to review the fee burden, currency exposure, and the performance track record of the strategy in advance.

Exchange-rate movements and economic differences across overseas regions are the main drivers of short-term volatility. Given the nature of active management, there may be periods when performance lags the benchmark, so a long-term approach is needed.

It is a candidate for investors who want to add large-cap diversification across developed markets to a US-concentrated portfolio. If cost is the priority, passive alternatives such as VEA and IEFA may be preferable, and if you want the managers' stock selection, you can consider TILC.