Thornburg Multi Sector Bond ETF
$24.84−0.16 (−0.64%)
- Expense ratio
- 0.55%
- Fund size
- $261M
- 1Y return
- +1.3%
- Yield · Last 12 months
- 4.33%
- Volume · 30D
- 0.1M sh
- NAV per share
- $24.96
- 52W range
The ETF.net TMB Grade
Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 50Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 83Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 50Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 83Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 82Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 71Category rank
Our read on TMB
BThornburg's veteran bond desk in an ETF wrapper: one actively managed sleeve that roams across sectors, geographies and credit tiers instead of locking you into a single slice of the bond market.
The Fund seeks total return from income and capital appreciation. Its investment objective may be changed without shareholder approval.
Why people hold it
- Go-anywhere mandate. Managers shift across sectors, geographies, credit qualities and maturities, including a deliberate slug of non-investment-grade bonds, rather than tracking one fixed slice.thornburg.com
- Most rivals here are single-sleeve index funds: green bonds (BGRN), agency paper (AGZ), EM local currency (EMLC). TMB is the one hired to pick among all of them.
- Income arrives monthly, not quarterly, which suits anyone treating a bond sleeve as a paycheck line.
- The portfolio does what the label says. Holdings match the multi-sector brief closely, and it lands in the stronger half of our bond group on how faithfully it delivers its stated mission.
Worth knowing
- Active pricing: 0.55% a year, above the typical fund in this bond group. You are paying for the manager's judgment, not an index license.
- A standing allocation to below-investment-grade bonds means more credit risk than a plain core bond fund, and those bonds tend to wobble when markets get nervous.thornburg.com
- Launched in 2025, so the track record is short and the asset base still modest. The objective itself can also be changed without a shareholder vote.thornburg.com
TMB Holdings
- Bonds
- —
- 21%
- United States Treasury Note/Bond
TMB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TMB |
|---|---|
| Year to date | +0.2% |
| 1 month | −0.7% |
| 3 months | −0.5% |
| 1 year | +1.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TMB |
|---|---|---|
| 2026 YTD | +0.2% | |
| 2025 | +6.1% |
TMB in the news
ETF.net Research hasn’t filed on TMB yet — coverage lands here as it’s written.
TMB Dividends
- 4.33%
- $1.08
- $0.09 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Aug 31, 2026 | $0.09 |
| Jul 30, 2026 | Jul 31, 2026 | $0.10 |
| Jun 29, 2026 | Jun 30, 2026 | $0.09 |
| May 28, 2026 | May 29, 2026 | $0.09 |
| Apr 29, 2026 | Apr 30, 2026 | $0.10 |
| Mar 30, 2026 | Mar 31, 2026 | $0.07 |
| Feb 26, 2026 | Feb 27, 2026 | $0.08 |
| Jan 29, 2026 | Jan 30, 2026 | $0.02 |
| Dec 30, 2025 | Dec 31, 2025 | $0.17 |
| Nov 26, 2025 | Nov 28, 2025 | $0.08 |
| Oct 30, 2025 | Oct 31, 2025 | $0.10 |
| Sep 29, 2025 | Sep 30, 2025 | $0.08 |
TMB Risk
- 2.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.09
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −2.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.05
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TMB Cost
- The middle half of Multi-Sector Bond Income funds
- Median 0.55%
11 of the 23 Multi-Sector Bond Income funds charge less.