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About Thornburg Multi Sector Bond ETF
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Inception date
Feb 5, 2025
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
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
What's in the fund
Exposure type
Corporate
Securitized
Government
Mutual fund
Bonds, Cash & Other92.93%
Corporate35.39%
Securitized27.22%
Government22.11%
Mutual fund10.17%
Miscellaneous0.92%
Cash−2.89%
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