- What does TCPB invest in?
- This ETF aims to offer extensive access to the global fixed-income market. To achieve this, it allocates capital across a wide range of U.S. and international debt instruments, irrespective of their maturity. These holdings may include corporate and government bonds, asset-backed and mortgage-backed securities, preferred shares, and other income-generating debt products. While primarily composed of investment-grade assets, the portfolio may dedicate up to 30% to higher-yielding, lower-rated debt. The fund can also hold foreign securities, including an unlimited allocation to USD-denominated foreign debt. The selection of its underlying assets is driven by fundamental analysis and other investment research methodologies, employed to determine a security's intrinsic worth. Given its active management approach, all investment choices are made at the sole discretion of the adviser. To effectively manage its portfolio's duration and mitigate interest rate fluctuations, TCPB has the option to employ derivative instruments, such as U.S. Treasury futures contracts. A key objective of this fund is to generate substantial current income.
- What is the expense ratio of TCPB?
- Thrivent Core Plus Bond ETF (TCPB) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations.
- What is TCPB's dividend yield?
- TCPB's trailing-twelve-month yield is 4.89%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of TCPB?
- Effective duration measures TCPB's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TCPB's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of TCPB?
- TCPB's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of TCPB?
- Yield to maturity (YTM) is the total return you'd earn from TCPB if every bond in the portfolio is held to maturity at the current price. TCPB's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
