Thornburg Core Plus Bond ETF
TPLS
NASDAQ Global Select- -
USD
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 2300 North Ridgetop Road Santa Fe NM United States of America 87506
- IPO Date
- Feb 5, 2025
- Website
- thornburg.com
- Similar Companies
- Business
- Thornburg Core Plus Bond ETF (TPLS) is an actively managed exchange-traded fund that seeks total return, consisting of both income and capital appreciation, through investments primarily in high-quality investment-grade bonds with selective exposure to up to 25% in below-investment-grade securities; the portfolio includes U.S. Treasury bonds and notes, corporate bonds, agency mortgage-backed securities, asset-backed securities, non-agency residential mortgage-backed securities, and limited foreign bonds. TPLS benchmarks against the Bloomberg U.S. Aggregate Index, maintains a net expense ratio of 0.45%, and features a portfolio with effective duration, weighted average coupon, and yield metrics designed for intermediate core-plus bond strategies; top holdings typically include U.S. Treasuries such as 3% and 4.625% bonds, alongside Federal Home Loan Mortgage Corp. and Government National Mortgage Association securities. Issued by Thornburg ETF Trust and managed by portfolio managers Lon Erickson, CFA, and Christian Hoffmann, CFA, with support from the broader Thornburg investment team, the ETF trades on Nasdaq and targets investors seeking broad U.S. fixed-income market exposure across various credit qualities and maturities. Launched on February 5, 2025, as part of Thornburg Investment Management's expansion into active ETFs, TPLS represents one of two new fixed-income offerings introduced alongside the Thornburg Multi-Sector Bond ETF (TMB), following the firm's prior equity ETF launches in January 2025 that attracted over $80 million in inflows. Thornburg Investment Management, the fund's advisor founded in 1982 and headquartered in Santa Fe, New Mexico, with additional offices in Hong Kong and London, oversees approximately $46-52 billion in client assets across mutual funds, ETFs, closed-end funds, separate accounts, and UCITS funds for global institutional, advisor, and individual investors. Recent firm developments include a September 2024 joint venture with Bow River Capital to launch private credit solutions for lower- and middle-market businesses, expected to close in Q4 2024, and an October 2025 strategic distribution partnership with Capital Strategies Partners to expand UCITS fund access in Italy and the Middle East.