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About Thornburg Core Plus 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.
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.
Classification
What's in the fund
Exposure type
Government
Securitized
Corporate
Bonds, Cash & Other94.16%
Government32.01%
Securitized29.65%
Corporate28.53%
Mutual fund5.55%
Miscellaneous0.99%
Cash−2.58%
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