Key stats
About Thornburg Multi Sector Bond ETF
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Inception date
Feb 4, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Thornburg Investment Management, Inc.
Distributor
ALPS Distributors, Inc.
TMB is a broad-based approach to the global fixed-income markets aimed at total return through both income and capital appreciation. Investments include corporate and government bonds, high-yield securities, MBS, ABS, CLOs, and bank loans. Exposure to high-yield bonds can vary significantly, ranging from less than 35% to over 50% of assets. Securities have no maturity restriction. The selection process is based on a sector rotation strategy, focusing on areas with favorable risk-adjusted return potential while capping foreign currency-denominated debt at 25%. The portfolio manager makes tactical adjustments by integrating macroeconomic analysis, credit evaluation, and liquidity considerations. Typically, the fund manages its duration between one and five years, using derivatives like US Treasury and interest rate swaps to hedge interest rate risk and optimize exposures. Positions may be sold to adjust duration, mitigate risk, or capitalize on more attractive opportunities.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Securitized
Government
Bonds, Cash & Other100.00%
Corporate42.49%
Securitized37.81%
Government16.85%
Mutual fund2.85%
Cash0.00%
Stock breakdown by region
North America94.38%
Latin America1.87%
Oceania1.63%
Europe1.62%
Middle East0.50%
Asia0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TMB invests in bonds. The fund's major sectors are Corporate, with 42.49% stocks, and Securitized, with 37.81% of the basket. The assets are mostly located in the North America region.
TMB top holdings are United States Treasury Bond 3.0% 15-MAY-2045 and United States Treasury Notes 4.25% 15-NOV-2034, occupying 4.53% and 4.10% of the portfolio correspondingly.
TMB last dividends amounted to 0.09 USD. The month before, the issuer paid 0.10 USD in dividends, which shows a 13.84% decrease.
TMB assets under management is 41.71 M USD. It's risen 1.02% over the last month.
TMB fund flows account for 21.45 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, TMB pays dividends to its holders with the dividend yield of 2.12%. The last dividend (May 30, 2025) amounted to 0.09 USD. The dividends are paid monthly.
TMB shares are issued by Thornburg Investment Management, Inc. under the brand Thornburg. The ETF was launched on Feb 4, 2025, and its management style is Active.
TMB expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
TMB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TMB invests in bonds.
TMB trades at a premium (0.16%) meaning the ETF is trading at a higher price than the calculated NAV.