SANTA FE, N.M., Feb. 5, 2025 /PRNewswire/ -- Thornburg Investment Management ("Thornburg"), a global investment firm that oversees $46 billion in assets1, today announced the launch of two active fixed income exchange-traded funds (ETFs), Thornburg Core Plus Bond ETF (NASDAQ:TPLS) and Thornburg Multi Sector Bond ETF (NASDAQ:TMB). Both ETFs begin trading today.
Last month, Thornburg launched its first two active ETFs, Thornburg International Equity ETF (NASDAQ:TXUE) and Thornburg International Growth ETF (NASDAQ:TXUG). These equity funds have already attracted over $80 million in investments.
"With over $80 million in client inflows, it's clear that investors look to Thornburg's four decades of investing excellence and prudent risk management to achieve their long-term financial goals," said Thornburg CEO Mark Zinkula. "Expanding our ETF lineup with two fixed income ETFs reflects our commitment to meeting long-term client demand."
Thornburg Core Plus Bond ETF, managed by Lon Erickson, CFA, and Christian Hoffmann, CFA, is actively managed and seeks total return, consisting of income and capital appreciation. It manages risk through a portfolio comprised primarily of high-quality investment-grade bonds, complemented by up to 25% in below-investment-grade securities.
Thornburg Multi Sector Bond ETF, managed by Messrs. Erickson and Hoffmann as well as Ali Hassan, CFA, seeks total return, consisting of income and capital appreciation, with active management designed to adapt to changing markets. The fund's exposure across fixed income sectors, including high yield and foreign securities, is based on the team's views on relative value and will help drive income and return potential.
"At its core, Thornburg is an active manager," said Thornburg Global Head of Distribution Jesse Brownell. "We always put our clients first, so we took a deliberate and strategic approach to entering the competitive active ETF market. The positive response to our ETFs is exciting and demonstrates that Thornburg's approach to product development resonates with investors."
Learn more about Thornburg ETFs at www.thornburg.com/etfs.
About Thornburg
Thornburg Investment Management ("Thornburg") is an active, high-conviction manager of equities, fixed income, multi-asset and alternative solutions. As a privately owned firm and with $46 billion1 in client assets as of January 31, 2025, Thornburg serves institutions, financial professionals and investors worldwide. The firm offers mutual funds, ETFs, closed-end funds, separate accounts and UCITS funds. Thornburg was founded in 1982 and is headquartered in Santa Fe, New Mexico with an additional office in Hong Kong. For more information, visit www.thornburg.com or call 877 215 1330.
Media Inquiries
Michael Corrao
Director of Global Communications
Thornburg Investment Management
Tel: +1 505 467 5345
Email: [email protected]
Important Disclosures
Before investing, carefully consider the Fund's investment goals, risks, charges, and expenses. For a prospectus or summary prospectus containing this and other information, contact your financial advisor or visit thornburg.com. Read them carefully before investing.
Exchange Traded Funds (ETF) are bought and sold through exchange trading at market prices (not NAV) and are not individually redeemed from a Fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
Each Fund is an actively managed ETF that does not seek to replicate the performance of a specified index. To determine whether to buy or sell a security, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and various credit metrics. If the portfolio manager considerations are inaccurate or misapplied, the fund's performance may suffer.
Investments carry risks, including possible loss of principal. Additional risks may be associated with investments outside the United States, especially in emerging markets, including currency fluctuations, illiquidity, volatility, and political and economic risks. Investments in small- and mid-capitalization companies may increase the risk of greater price fluctuations.
Risks associated with investing in Thornburg ETFs may include: (1) New and Smaller Sized Fund Risk, (2) Investment Adviser Risk and (3) Derivatives Risk.
Additional risks associated with investing in TXUE and TXUG may include: (1) Equity Risk, (2) Risks Affecting Specific Countries or Regions and (3) Market and Economic Risk.
Additional risks associated with investing in TXUG may include: (1) Growth Company Risk and (2) Small and Mid-Cap Company Risk.
Additional risks associated with investing in TPLS and TMB may include: (1) Credit Risk, (2) High Yield Risk, (3) Interest Rate Risk and (4) Market and Economic Risk.
Additional risks associated with investing in TPLS may include: (1) Emerging Markets Risk.
More information regarding the risks associated with investing in Thornburg ETFs can be found in the fund prospectuses.
Please see our glossary for a definition of terms.
Thornburg ETFs are distributed by ALPS Distributors, Inc.
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1 Includes $45 billion in assets under management and $1 billion in assets under advisement as of January 31, 2025. |
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SOURCE Thornburg Investment Management