# Portfolio overlap — TMB vs THCSX Comparing **Thornburg Multi Sector Bond ETF** (2026-02-28) and **Thornburg Core Plus Bond Fund** (2026-03-31). - Shared positions: 78 - Thornburg Multi Sector Bond ETF covered by Thornburg Core Plus Bond Fund: 0.1701456528056689469976802103 - Thornburg Core Plus Bond Fund covered by Thornburg Multi Sector Bond ETF: 0.1701456528056689469976802105 ## Thornburg Multi Sector Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Thornburg Capital Management Fund | 0.035307 | ✓ | | US TREASURY N/B | 0.034922 | | | US TREASURY N/B | 0.030790 | ✓ | | US TREASURY N/B | 0.030243 | | | US TREASURY N/B | 0.022420 | | | FNMA 30YR 3% 07/01/2053#FS8875 | 0.014146 | | | Fannie Mae Pool | 0.012808 | | | US TREASURY N/B | 0.012181 | | | G2 MA8098 | 0.011908 | | | FR SD8491 | 0.011283 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-5/8% 10/15/27 | 0.008265 | | | Fannie Mae Pool | 0.007078 | | | US TREASURY N/B | 0.006909 | | | FR RQ0014 | 0.006365 | | | G2 MA7706 | 0.005783 | | | Fannie Mae Pool | 0.005731 | | | Freddie Mac Pool | 0.005116 | | | Ajax Mortgage Loan Trust, Series 2020-B, Class A1 | 0.005024 | | | Rentokil Terminix Funding, LLC | 0.004728 | | | Chase Home Lending Mortgage Trust 2025-8 | 0.004612 | | | NRMLT 2024-RTL1 A1 | 0.004403 | | | COMM 2024-277P MORTGAGE TRUST SER 2024-277P CL A REGD 144A P/P 6.33800000 | 0.004383 | ✓ | | FEDERAL NAT MTG ASN GTD REM PA 3.5% 05/25/2042 | 0.004327 | | | CSMC Trust, Series 2022-ATH2, Class A1 | 0.004313 | ✓ | | GS MTG-BACKED SECS TR 2024-RPL2 A1 3.75% 07/25/2061 144A | 0.004060 | ✓ | | UNITED KINGDOM GILT GBP REG S 3.25% 01-31-33 | 0.003799 | | | FR SD8255 | 0.003745 | | | CNO FINANCIAL | 0.003703 | ✓ | | GLOBAL PAYMENTS INC REGD 5.30000000 | 0.003554 | | | Wells Fargo & Co., Series BB | 0.003489 | | | CROWN Americas LLC | 0.003472 | | | US TREASURY N/B | 0.003465 | | | G2 MA6283 | 0.003465 | | | CHTR 4.25 02/01/31 144A | 0.003463 | | | Daimler Truck Finance North America LLC | 0.003461 | | | FN FS9716 | 0.003458 | | | ILLUMINA INC | 0.003454 | | | HPEFS EQUIPMENT TRUST HPEFS 2024 1A C 144A | 0.003451 | | | LAMAR MEDIA CORP SR UNSEC 3.75% 02-15-28 | 0.003435 | | | EPC 5.5 06/01/28 144A | 0.003428 | | | KORN/FERRY INTL | 0.003425 | | | ATLX TRUST ATLX 2024 RPL2 A1 144A | 0.003406 | | | ENERGIZER HOLDINGS INC REGD 144A P/P 4.75000000 | 0.003385 | | | NSLT 2021-A APT1 144A 1.36% 04-20-62 | 0.003323 | | | PUB SVC OKLAHOMA | 0.003268 | | | LMAT 2021-GS4 A1 | 0.003250 | | | PPL CAPITAL FDG | 0.003244 | | | Lineage OP LP | 0.003216 | ✓ | | BLOCK INC REGD ZCP CONVERTIBLE 0.00000000 | 0.003215 | ✓ | | COLUMBIA PIPE HC | 0.003206 | | ## Thornburg Core Plus Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.025441 | | | US TREASURY N/B | 0.022876 | | | U.S. Treasury STRIPS Coupon | 0.022864 | | | US TREASURY N/B | 0.021583 | ✓ | | US TREASURY N/B | 0.019555 | | | U.S. Treasury STRIPS Coupon | 0.018324 | | | U.S. Treasury STRIPS Coupon | 0.016521 | | | FN MA4578 | 0.016479 | | | FN MA4548 | 0.015088 | | | US TREASURY N/B | 0.015052 | | | U.S. Treasury Inflation-Protected Indexed Bonds | 0.013796 | ✓ | | FR SD8206 | 0.011974 | | | Thornburg Capital Management Fund | 0.011213 | ✓ | | Freddie Mac Pool | 0.009821 | | | FR SD8213 | 0.009378 | | | FNMA 30YR 2.5% 07/01/2052#FS7879 | 0.008450 | | | U.S. Treasury STRIPS Coupon | 0.007322 | | | U.S. Treasury STRIPS Coupon | 0.006459 | ✓ | | JBYCMX 2.5 10/14/31 144A | 0.005787 | | | US TREASURY N/B | 0.005779 | | | Federal Home Loan Banks | 0.005404 | | | FirstCash, Inc. | 0.005315 | ✓ | | COMM 2024-277P MORTGAGE TRUST SER 2024-277P CL A REGD 144A P/P 6.33800000 | 0.005265 | ✓ | | ANTHOL 3.95 07/15/26 | 0.005186 | | | G2 MA7368 | 0.005112 | | | FN BV4119 | 0.005106 | | | InStar Leasing III LLC | 0.005017 | ✓ | | CSMC 2021-RPL11 Trust | 0.004911 | | | BLOCK INC REGD ZCP CONVERTIBLE 0.00000000 | 0.004874 | ✓ | | Fannie Mae REMICS | 0.004812 | | | WHISTLER PIPELIN | 0.004703 | | | GREENSAIF PIPELI | 0.004595 | | | Fannie Mae Pool | 0.004588 | | | Ajax Mortgage Loan Trust, Series 2023-B, Class A | 0.004565 | | | BOOZ ALLEN HAMILTON INC REGD 144A P/P 3.87500000 | 0.004533 | ✓ | | HERCULES CAPITAL INC 3.375000% 01/20/2027 | 0.004496 | ✓ | | Fannie Mae Pool | 0.004484 | | | Eagle Funding LuxCo S.a.r.l. | 0.004442 | | | Sequoia Mortgage Trust 2025-10 | 0.004336 | ✓ | | FLOWERS FOODS INC REGD 5.75000000 | 0.004321 | ✓ | | MAIN STREET CAPI | 0.004267 | ✓ | | LEX Mortgage Trust, Series 2024-BBG, Class A | 0.004256 | | | Ajax Mortgage Loan Trust, Series 2021-G, Class A | 0.004200 | | | Government National Mortgage Association | 0.004169 | | | UMBS | 0.004138 | | | GS Mortgage-Backed Securities Trust, Series 2024-RPL4, Class A1 | 0.004070 | | | SCRT 2024-1 MT 3.0% 11-25-63 | 0.003967 | ✓ | | MFRA TRUST VAR 02/25/2066 144A | 0.003918 | | | MLANE 2024-A A1 144A 6.2% 08-15-29 | 0.003914 | | | FNMA POOL CB2301 FN 12/51 FIXED 3 | 0.003900 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-039275` (as of 2026-02-28) - N-PORT (fund B) — accession `0001410368-26-051164` (as of 2026-03-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _