Thornburg Core Plus Bond ETF

Frequently Asked Questions About TPLS

What does TPLS invest in?

TPLS builds a diversified fixed-income portfolio focused on total return through both income and capital appreciation. Investments include corporate bonds, government securities, MBS, ABS, and bank loans. The fund is flexible, allowing investments in securities of any credit quality and maturity. While it primarily invests in domestic issuers, it may also hold foreign debt, including obligations denominated in non-U.S. currencies, with foreign currency exposure limited to 25%. Additionally, the fund may allocate up to 25% of its assets to high-yield bonds, and exposure to emerging markets is capped at 15%. Security selection relies on fundamental research, which involves proprietary and third-party analysis to evaluate credit quality, economic trends, and valuation. Derivatives may also be used to enhance the portfolio or hedge risks. Positions may be sold to adjust duration, mitigate risk, or take advantage of more attractive opportunities.

What is the expense ratio of TPLS?

Thornburg Core Plus Bond ETF (TPLS) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.

What is TPLS's dividend yield?

TPLS's trailing-twelve-month yield is 4.86%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TPLS?

Effective duration measures TPLS's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TPLS's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TPLS?

TPLS'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 TPLS?

Yield to maturity (YTM) is the total return you'd earn from TPLS if every bond in the portfolio is held to maturity at the current price. TPLS'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.