Thornburg Core Plus Bond ETF
$24.31−0.17 (−0.67%)
- Expense ratio
- 0.45%
- Fund size
- $15M
- 1Y return
- +0.2%
- Yield · Last 12 months
- 4.92%
- Volume · 30D
- 0M sh
- NAV per share
- $24.54
- 52W range
The ETF.net TPLS Grade
Score 49 of 100 sits in the C 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.DScore 26Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 97Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 53Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 16Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 57Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 30Category rank
Our read on TPLS
CThornburg's 2025 debut in the crowded aggregate-bond aisle, and it refuses to stay in the aisle: an active core-plus mandate that can wander into emerging market bonds, bank loans and structured debt, paying monthly.
The fund invests in a diversified portfolio of fixed-income instruments, including emerging market bonds, bank loans, and loan participants.
Why people hold it
- Core plus, and the plus is real: the mandate reaches past Treasuries and corporates into emerging market bonds, bank loans and loan participations.
- Pays income at least monthly, so coupons arrive on a steady rhythm rather than a quarterly lump.
- What it holds lines up closely with the wide-ranging mandate it advertises. No index-hugger wearing an active label.
- Plain 1940 Act fund structure: ordinary ETF plumbing, 1099 at tax time, no partnership paperwork.
Worth knowing
- The 0.45% fee is active-manager pricing in a category where index anchors like BND and SPAB charge 0.03%. The roaming mandate has to earn that gap.
- Small and thinly traded, which tends to mean wider bid-ask spreads than the giants of the aggregate-bond group.
- Launched in 2025, so the record is short. Thornburg also discloses that distributions can include return of capital, meaning part of a payout may be your own money back.
TPLS Holdings
- Bonds
- —
- 27%
- United States Treasury Strip Coupon
TPLS 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 | TPLS |
|---|---|
| Year to date | −0.9% |
| 1 month | −0.5% |
| 3 months | −1.5% |
| 1 year | +0.2% |
| 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 | TPLS |
|---|---|---|
| 2026 YTD | −0.9% | |
| 2025 | +5.6% |
TPLS in the news
ETF.net Research hasn’t filed on TPLS yet — coverage lands here as it’s written.
TPLS Dividends
- 4.92%
- $1.20
- $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 | $0.13 |
| Jun 29, 2026 | Jun 30, 2026 | $0.10 |
| May 28, 2026 | May 29, 2026 | $0.10 |
| Apr 29, 2026 | Apr 30, 2026 | $0.11 |
| Mar 30, 2026 | Mar 31, 2026 | $0.13 |
| Feb 26, 2026 | Feb 27, 2026 | $0.09 |
| Jan 29, 2026 | Jan 30, 2026 | $0.01 |
| Dec 30, 2025 | Dec 31, 2025 | $0.18 |
| Nov 26, 2025 | Nov 28, 2025 | $0.08 |
| Oct 30, 2025 | Oct 31, 2025 | $0.10 |
| Sep 29, 2025 | Sep 30, 2025 | $0.08 |
TPLS Risk
- 3.5%
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.
- −0.38
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.
- −3.1%
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.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TPLS Cost
- The middle half of US Aggregate Bond funds
- Median 0.34%
79 of the 112 US Aggregate Bond funds charge less.