Thornburg Core Plus Bond Fund
SYMBOL: THCCX
Fund Assets
$147.4 M
As of 30 Sep 2025
NAV
$10.61
As of 17 Oct 2025
Change
$-0.02
As of 17 Oct 2025
YTD NAV Performance
6.80%
As of 17 Oct 2025
Asset Category:
Global Fixed Income
Fund Benchmark:
Bloomberg U.S. Aggregate Index
Portfolio Managers
Portfolio Manager and Managing Director
Head of Fixed Income and Managing Director
Overview
Performance
Performance
Returns
(As of 30 Sep 2025)2024
Total Return with Sales Charge (%)
-0.34
Total Return without Sales Charge (%)
0.63
Bloomberg U.S. Aggregate Index (%)
1.25
Fund Fees
Fund Fees
(As of 1 Feb 2025)
Gross Expense Ratio (%)
3.45
Net Expense Ratio (%)
1.50
Hypothetical Growth of $10,000
Hypothetical Growth of $10,000
(As of 30 Sep 2025)
(Hypothetical Growth of $10,000 vs Bloomberg U.S. Aggregate Index)
Distributions
Distributions
(As of 30 Sep 2025)Ex-Date
Payable Date
Total ($)
Income ($)
ST Cap Gains ($)
LT Cap Gains ($)
31 Jan 2023
31 Jan 2023
0
—
—
—
28 Feb 2023
28 Feb 2023
0
—
—
—
31 Mar 2023
31 Mar 2023
0
—
—
—
30 Apr 2023
30 Apr 2023
0
—
—
—
31 May 2023
31 May 2023
0
—
—
—
30 Jun 2023
30 Jun 2023
0
—
—
—
31 Jul 2023
31 Jul 2023
0
—
—
—
31 Aug 2023
31 Aug 2023
0
—
—
—
30 Sep 2023
30 Sep 2023
0
—
—
—
31 Oct 2023
31 Oct 2023
0
—
—
—
30 Nov 2023
30 Nov 2023
0.03789
0.03789
—
—
29 Dec 2023
31 Dec 2023
0.03752
0.03752
—
—
31 Jan 2024
31 Jan 2024
0.03387
0.03387
—
—
29 Feb 2024
29 Feb 2024
0.03327
0.03327
—
—
28 Mar 2024
31 Mar 2024
0.03582
0.03582
—
—
30 Apr 2024
30 Apr 2024
0.03794
0.03794
—
—
31 May 2024
31 May 2024
0.04648
0.04648
—
—
28 Jun 2024
30 Jun 2024
0.04417
0.04417
—
—
31 Jul 2024
31 Jul 2024
0.04298
0.04298
—
—
30 Aug 2024
31 Aug 2024
0.04176
0.04176
—
—
30 Sep 2024
30 Sep 2024
0.04055
0.04055
—
—
31 Oct 2024
31 Oct 2024
0.03734
0.03734
—
—
21 Nov 2024
21 Nov 2024
0.01431
—
0.01431
0.00000
29 Nov 2024
30 Nov 2024
0.03743
0.03743
—
—
31 Dec 2024
31 Dec 2024
0.03893
0.03893
—
—
31 Jan 2025
31 Jan 2025
0.03844
0.03844
—
—
28 Feb 2025
28 Feb 2025
0.03788
0.03788
—
—
31 Mar 2025
31 Mar 2025
0.04077
0.04077
—
—
30 Apr 2025
30 Apr 2025
0.03938
0.03938
—
—
30 May 2025
31 May 2025
0.03989
0.03989
—
—
30 Jun 2025
30 Jun 2025
0.03783
0.03783
—
—
31 Jul 2025
31 Jul 2025
0.03953
0.03953
—
—
29 Aug 2025
31 Aug 2025
0.04007
0.04007
—
—
30 Sep 2025
30 Sep 2025
0.03462
0.03462
—
—
Fund Facts
Fund Facts
(As of 30 Sep 2025)Net Fund Assets
$147.4 M
Benchmark
Bloomberg U.S. Aggregate Index
Morningstar Category
Intermediate Core-Plus Bond
Fund Symbol
THCCX
Share Class
C
Share Class Inception Date
2 Oct 2023
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized)
3.44%
30-Day SEC Yield (Unsubsidized)
1.91%
Annualized Distribution Yield
3.95%
Characteristics
Characteristics
Portfolio
(As of 30 Sep 2025)Portfolio
Benchmark
Number of Holdings
398
—
Annual Portfolio Turnover
73%
—
Effective Duration
6.2 Yrs
6.0 Yrs
Portfolio
Benchmark
Average Effective Maturity
7.7 Yrs
8.2 Yrs
Weighted Average Coupon
3.9%
3.7%
Yield to Worst
5.1%
4.4%
Portfolio
Portfolio
Top Holdings
(As of 31 Aug 2025)Name
Ticker/Symbol
Weight %
United States Treasury Note/Bond
91282CKQ3
4.1
United States Treasury Strip Coupon
912834NP9
3.1
United States Treasury Strip Coupon
912834JH2
2.1
United States Treasury Note/Bond
912810TA6
2.0
United States Treasury Inflation Indexed Bonds
912810SV1
1.8
Fannie Mae Pool
3140XNZ72
1.6
United States Treasury Note/Bond
912810SQ2
1.5
United States Treasury Strip Coupon
912834KV9
1.5
Fannie Mae Pool
31418EDD9
1.3
United States Treasury Strip Coupon
912834MD7
1.2
Exposure Breakdown
Exposure Breakdown
(As of 30 Sep 2025)Sector Allocation
Fund (%)
Corporate
32.2
Treasury-Domestic
21.6
Mortgage Passthrough
14.8
Collateralized Mortgage Obligation
12.6
Asset Backed Securities
10.7
Commercial Mortgage Backed Security
3.9
Cash & Cash Equivalents
2.4
Treasury-Foreign
0.9
Preferred Stock
0.9
Municipals
0.1
Currency Forward
0.0
Top 10 Countries
Fund (%)
United States
89.6
Canada
1.6
United Kingdom
1.3
Mexico
1.3
Saudi Arabia
0.7
Brazil
0.7
United Arab Emirates
0.6
Australia
0.5
France
0.5
Italy
0.4
Credit Quality
Fund (%)
U.S. Government
40.8
AAA
11.7
AA
3.3
A
9.5
BBB
19.8
Below Invest. Grade
8.7
Not Rated
3.7
Cash & Cash Equivalents
2.5
Maturity
Fund (%)
Year 1
8.1
Year 2
4.9
Year 3
9.0
Year 4
10.3
Year 5
10.2
Year 6
3.5
Year 7
4.1
Year 8
3.3
Year 9
8.6
Year 10+
35.7
Cash
2.5
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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