Thornburg Core Plus Bond ETF (TPLS)

Overview

The Thornburg Core Plus Bond ETF (TGBD) seeks to maximize total return, consistent with prudent investment management, by investing primarily in a diversified portfolio of investment-grade fixed income securities and opportunistic investments in other income-producing securities.

Reputation and Reliability

Thornburg Investment Management has a solid reputation for fixed-income expertise and a long track record.

Management Expertise

Thornburg's investment team has extensive experience in fixed-income markets and employs a team-based approach to portfolio management.

Goal

Maximize total return through a diversified portfolio of fixed-income securities.

Investment Approach and Strategy

Strategy: Actively managed, seeking to outperform a broad market bond index.

Composition Primarily investment-grade bonds, with allocations to high-yield, emerging markets, and other sectors for enhanced return.

Market Share: Data unavailable.

Total Net Assets (AUM): 159867705

Key Competitors

• AGG
• LQD
• BND
• IEF

Competitive Landscape

The bond ETF market is dominated by large index-tracking funds. TGBD aims to differentiate itself through active management, potentially offering higher returns but also higher risk compared to passive competitors. TGBD's disadvantage is its smaller AUM and less trading volume.

Historical Performance: Historical performance data not readily available in a standardized JSON-friendly format.

Benchmark Comparison: Benchmark comparison data not readily available in a standardized JSON-friendly format.

Expense Ratio: 0.35

Average Trading Volume

The ETF exhibits moderate trading volume, which could affect execution costs for larger trades.

Bid-Ask Spread

The bid-ask spread is typically moderate, reflecting reasonable liquidity for most investors.

Market Environment Factors

Interest rate changes, credit spreads, and economic growth significantly impact TGBD's performance.

Growth Trajectory

Growth is dependent on the fund's performance and the overall demand for actively managed bond ETFs.

Competitive Edge

TGBD's competitive advantage lies in its active management approach, allowing the fund to adapt to changing market conditions. The fund seeks to generate alpha through security selection and sector allocation. Thornburg's experienced team and rigorous research process may contribute to outperformance. This approach appeals to investors seeking higher returns than passive bond ETFs, but it also comes with higher management fees and potential for underperformance.

Volatility

Volatility is moderate, influenced by interest rate sensitivity and credit risk of the underlying holdings.

Market Risk

Market risk includes interest rate risk, credit risk, and liquidity risk, which can impact the ETF's value.

Ideal Investor Profile

Investors seeking income and capital appreciation through a diversified bond portfolio with active management.

Market Risk

Suitable for long-term investors seeking income and potential capital appreciation, and willing to accept moderate risk.

Thornburg Core Plus Bond ETF (TGBD) is an actively managed bond fund aiming to maximize total return through a diversified portfolio. Its active strategy allows for flexibility but introduces higher fees and potential for underperformance. It is best suited for investors seeking income and capital appreciation, and willing to accept moderate risk and are comfortable with active management. TGBD faces competition from larger, passive bond ETFs, and its success depends on the manager's ability to deliver consistent alpha.

Data Sources:

• Thornburg Investment Management
• ETF.com
• Morningstar

Disclaimers:

The data provided is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Market share estimates may vary based on data sources and calculation methodologies.