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Beacon

TPLSThornburg Core Plus Bond ETF

Get income1y track recordRanked #1,250 of 1,622 in this goal

Seeks total return, consisting of income and capital appreciation.

By Thornburg · Launched 2025

Annual Cost

0.45%

#2,223 of 5,562 · average

Fund Size

$20M

#4,351 of 5,562 · small

Dividend YieldGoal

4.61%

Track Record

1 year

#4,144 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,494+4.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 32.1% of fund✓ well diversified

United States Treasury
7.6%
United States Treasury
5.2%
United States Treasury
4.4%
United States Treasury
3.5%
United States Treasury
2.7%
Freddie Mac
2.6%
Thornburg Capital Management Fund
2.0%
Government National Mortgage Association
1.6%
Fannie Mae
1.3%
Fannie Mae
1.3%

Asset allocation

Bonds
97.1%
Convertible
0.9%
Cash
0.9%
Preferred
0.8%
Other
0.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
3.9%Low

Year-on-year price swings

Max drawdown
-3.0%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Bond profile

Duration

4.5 years

Avg maturity

8.7 years

Credit ratings

US Government
21.4%
AAA
52.0%
AA
6.3%
A
12.2%
BBB
21.1%
BB
6.2%
B
0.5%
Other
1.7%

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks total return, consisting of income and capital appreciation.
Strategy
Actively manages a portfolio primarily in debt obligations, including corporate bonds, high yield bonds, and government securities. Allocates assets among various fixed income sectors based on market conditions and strategic positioning, using derivatives for hedging and exposure. Focuses on long-term performance rather than short-term trading.
Inception date
February 4, 2025
Fund family
Thornburg

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
86.6%
TE
1.7%
Beta
0.95
Fee
6× 0.07%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + low_tracking_error+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19