TMB
Thornburg Multi Sector Bond ETF
Fund Assets
$41.41 M
As of 6 Jun 2025
NAV
$25.13
As of 9 Jun 2025
Change
$0.03
As of 9 Jun 2025
YTD NAV Performance
1.92%
As of 9 Jun 2025
Asset Category:
Global Fixed Income
Fund Benchmark:
Bloomberg U.S. Universal Index
Portfolio Managers
Portfolio Manager and Managing Director
Head of Fixed Income and Managing Director
Portfolio Manager and Managing Director
Overview
Fund Facts
Fund Facts
(As of 6 Jun 2025)Net Fund Assets
$41.41 M
Exchange
NASDAQ
Benchmark
Bloomberg U.S. Universal Index
Morningstar Category
—
Inception Date
4 Feb 2025
CUSIP
88521L207
Distribution Frequency
Monthly
Total Expense Ratio (%)
0.55%
Pricing & Trading
Pricing & Trading
(As of 6 Jun 2025)NAV
$25.10
Market Price / Closing Price
$25.14
Premium / Discount (%)
0.15%
30-Day Median Bid-Ask Spread (%)
0.08%
30-Day Average Volume
14,137
Shares Outstanding
1,650,000
Performance
Performance
(As of 31 Mar 2025)Inception
Net Asset Value (%)
1.58
Market Price (%)
1.86
Bloomberg U.S. Universal Index (%)
1.82
Inception
Net Asset Value (%)
2.04
Market Price (%)
2.29
Bloomberg U.S. Universal Index (%)
1.66
Characteristics
Characteristics
Portfolio
(As of 30 Apr 2025)Portfolio
Benchmark
Number of Holdings
286
—
Effective Duration
4.2 Yrs
5.8 Yrs
Average Effective Maturity
5.7 Yrs
8.0 Yrs
Weighted Average Coupon
4.4%
3.8%
Portfolio
Benchmark
30-Day SEC Yield
4.46
—
Yield to Worst
5.2%
4.8%
Yield to Maturity
5.2%
—
Portfolio
Portfolio
Top Holdings
(As of 9 Jun 2025)Name
Ticker/Symbol
Market Value
Weight %
United States Treasury Note/Bond
912810UF3
$2,184,562.50
5.28%
United States Treasury Note/Bond
91282CLW9
$1,684,629.38
4.07%
United States Treasury Inflation Indexed Bonds
91282CFR7
$717,922.62
1.73%
Freddie Mac Pool
3142J6AQ6
$667,230.30
1.61%
Fannie Mae Pool
3140XMYU4
$639,824.44
1.55%
United States Treasury Note/Bond
91282CCV1
$638,695.32
1.54%
Freddie Mac Pool
3132DPQ76
$624,635.27
1.51%
Fannie Mae Pool
3140XLGX0
$612,609.22
1.48%
Fannie Mae Pool
3140W1GU1
$506,103.21
1.22%
Freddie Mac Pool
3132DP3J5
$439,163.77
1.06%
Exposure Breakdown
Exposure Breakdown
(As of 30 Apr 2025)Sector Allocation
Fund (%)
Corporate
43.1
Treasury-Domestic
17.0
Asset Backed Securities
11.8
Mortgage Passthrough
10.6
Collateralized Mortgage Obligation
9.8
Commercial Mortgage Backed Security
2.9
Cash & Cash Equivalents
2.7
Treasury-Foreign
1.7
Preferred Stock
0.3
Top 10 Countries
Fund (%)
United States
92.3
Canada
2.6
United Kingdom
1.0
Australia
0.9
Bermuda
0.6
Guatemala
0.5
Mexico
0.4
Israel
0.4
Colombia
0.3
France
0.3
Credit Quality
Fund (%)
U.S. Government
28.6
AAA
17.7
AA
2.4
A
11.1
BBB
21.0
Below Invest. Grade
16.0
Not Rated
0.6
Cash & Cash Equivalents
2.7
Maturity
Fund (%)
Year 1
14.3
Year 2
8.0
Year 3
11.6
Year 4
9.7
Year 5
9.6
Year 6
3.5
Year 7
5.5
Year 8
5.6
Year 9
4.0
Year 10+
25.5
Cash
2.7
Portfolio Managers
Portfolio Managers

Lon Erickson, CFA
Portfolio Manager and Managing Director
Lon Erickson is a portfolio manager for Thornburg Investment Management. He joined Thornburg in 2008 and was named a managing director and was promoted to portfolio manager in 2010. Prior to joining Thornburg Investment Management, Lon spent almost 11 years as an analyst for State Farm Insurance in the equity and corporate bond departments. Lon earned a bachelor’s degree in…
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Christian Hoffmann, CFA
Head of Fixed Income and Managing Director
Christian Hoffmann is head of fixed income and a portfolio manager for Thornburg Investment Management. He joined the firm in 2012 as a fixed income analyst and was promoted to associate portfolio manager in 2014. Christian was named a managing director in 2017, was promoted to portfolio manager in 2018, and to head of fixed income in 2024. Prior to…
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Ali Hassan, CFA, FRM
Portfolio Manager and Managing Director
Ali Hassan is a portfolio manager for Thornburg Investment Management. He joined the firm in 2013 as a fixed income analyst, became senior fixed income analyst in 2017 and was promoted to portfolio manager in 2021. Ali graduated from Stanford University with a BA in economics and a BS in mathematical & computational science. Prior to his joining Thornburg, Ali…
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Portfolio managers are supported by the entire Thornburg investment team.
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