TMB Thornburg Multi Sector Bond ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

TMB — —
Key stats
About

Thornburg Multi Sector Bond ETF (TMB) ETF

No description available.

Exchange
XNAS
Inception
2025-02-04
Has Options
No
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
Taxable Bond Core Bond#65 of 113 by assets Thornburg Actively managed
Expense ratio
0.55%
prospectus, filed Dec 29, 2025
Assets
$185M
SEC filing, May 31, 2026
Trailing yield
4.39%
paid monthly
Average daily volume
$2.5M
30 sessions
Holdings
557
top 10 are 20.6%
Listed
Feb 4, 2025
Nasdaq
Closure risk, 12 months
1.5%
low: age · model
FrenzyCap ETF score
45
how it is built
Cost17
Liquidity47
Scale38
Diversification100

Moves with. Long Treasuries (40% of its variance, beta 0.19); US large-cap stocks (8% of its variance, beta 0.05); High yield over Treasuries (4% of its variance, beta -0.09). These factors explain 58% of its daily moves over the last year.

Stated objective. The Thornburg Multi Sector Bond ETF (the Fund) seeks total return, consisting of income and capital appreciation. The Funds investment objective may be changed without shareholder approval. (from the fund's prospectus)

All 557 holdingsFlow historyOverlap toolAll Core Bond ETFs

Fund flows
through May 2026SEC filings
May 2026
+$5.6M
latest reported month
Latest 3 months
+$97M
+52.6% of assets
Latest 12 months
+$143M
+77.4% of assets
Jun 2025: +$1.3MJul 2025: +$10MJulAug 2025: +$20MSep 2025: +$3.8MSepOct 2025: +$1.3MNov 2025: $0NovDec 2025: −$3.9M−$3.9MJan 2026: +$815JanFeb 2026: +$13MMar 2026: +$89M+$89MMarApr 2026: +$2.5MMay 2026: +$5.6MMay
View as a table
Net flows of TMB by month, Jun 2025 to May 2026
MonthNet flow
May 2026+$5.6M
Apr 2026+$2.5M
Mar 2026+$89M
Feb 2026+$13M
Jan 2026+$815
Dec 2025−$3.9M
Nov 2025$0
Oct 2025+$1.3M
Sep 2025+$3.8M
Aug 2025+$20M
Jul 2025+$10M
Jun 2025+$1.3M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 16 months ago

Similar funds
FundOverlapFeeAssets1Y
BNDVanguard Total Bond Market—0.03%$162.8B−5.6%compare
AGGiShares Core U.S. Aggregate Bond ETF—0.03%$138.4B−5.8%compare
IUSBiShares Trust iShares Core Universal USD Bond ETF—0.06%$49.3B−5.6%compare
BIVVanguard Intermediate-Term Bond ETF—0.03%$28.3B−6.8%compare
FBNDFidelity Total Bond ETF—0.36%$28.2B−6.4%compare

The largest other funds in the Core Bond category.

Look-through: what the holdings say
weights as of May 31, 2026SEC filing
Insider buying
0%
of weight had net insider buying, 90 days; 0% net selling
13F holders
+52.2%
change in shares held by institutions, latest quarter
Reporting earnings
0.0%
of weight in 7 days; 89.1% in 14
Holdings reporting in the next 14 days
RZC11/05 · 0.4%

Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.

What changed in the portfolio
Feb 28, 2026 → May 31, 2026
ActionHoldingWeight beforeWeight afterShares vs flows
New positionRZCREINSURANCE GRP OF AMER—0.42%—

1 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 47.7%. Full holdings and history

Under the hood
fiscal year to Aug 31, 2025SEC census
Authorized participants
3 active
of 7 with agreements; top 3 did 100%
Created · redeemed
$76M · $0
over the fiscal year
Redemptions in kind
0%
creations 0% in kind
Creation unit
50,000
shares
Securities lending
authorized, none lent
Diversification status
Non-diversified
may concentrate in fewer issuers

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-05-31
Holdings
557
AUM
$184.1M
Provider
Nport
Inception
2025-02-04
Exchange
XNAS
Data As Of
2026-05-31
Expense Ratio
0.55%
Dividend Yield
4.39%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-09-29 2026-09-30 $0.0851 CD
2026-08-28 2026-08-31 $0.0865 CD
2026-07-30 2026-07-31 $0.1028 CD
2026-06-29 2026-06-30 $0.0889 CD
2026-05-28 2026-05-29 $0.0921 CD
2026-04-29 2026-04-30 $0.1017 CD
Asset Allocation
Top Holdings
top 50 of 557 holdings
Symbol Name Weight % Asset Class Country
— United States Treasury 4.49% Debt US
— United States Treasury 3.94% Debt US
— United States Treasury 3.67% Debt US
— United States Treasury 1.62% Debt US
— Fannie Mae 1.38% Mortgage-backed US
— Fannie Mae 1.34% Mortgage-backed US
— Thornburg Capital Management Fund 1.11% Equity (common) US
— United States Treasury 1.09% Debt US
— United States Treasury 1.02% Debt US
— Freddie Mac 0.97% Mortgage-backed US
— United States Treasury 0.87% Debt US
— Fannie Mae 0.58% Mortgage-backed US
— United States Treasury 0.56% Debt US
— Government National Mortgage Association 0.54% Mortgage-backed US
— Freddie Mac 0.52% Mortgage-backed US
— Fannie Mae 0.48% Mortgage-backed US
— Exeter Automobile Receivables Trust 0.44% Other US
— United States Treasury 0.44% Debt US
RZC REINSURANCE GRP OF AMER 0.42% Equity (preferred) US
— NMEF Funding LLC 0.36% Other US
— Fannie Mae 0.36% Mortgage-backed US
— CPS Auto Trust 0.36% Other US
— GLS Auto Receivables Trust 0.35% Other US
— MMP Capital 0.34% Other US
— Pretium Mortgage Credit Partners LLC 0.34% Other US
— COLT Funding LLC 0.33% Mortgage-backed US
— Freddie Mac 0.32% Mortgage-backed US
— Fannie Mae 0.32% Mortgage-backed US
— Onslow Bay Financial LLC 0.32% Mortgage-backed US
— United States Treasury 0.32% Debt US
— United States Treasury 0.32% Debt US
— OneMain Direct Auto Receivables Trust 0.32% Other US
— BRAVO Residential Funding Trust 0.31% Mortgage-backed US
— Imperial Fund LLC 0.30% Mortgage-backed US
— Imperial Fund LLC 0.30% Mortgage-backed US
— AMCR ABS Trust 0.30% Other US
— EMERA INC 0.30% Debt CA
— Service Experts Issuer 0.30% Other US
— LPL HOLDINGS INC 0.30% Debt US
— ORANGE SA 0.29% Debt FR
— PRKCM Trust 0.29% Mortgage-backed US
— HORACE MANN EDUCATORS CO 0.29% Debt US
— RENTOKIL TERMINIX LLC 0.28% Debt US
— HYATT HOTELS CORP 0.27% Debt US
— Bridgecrest Lending Auto Securitization Trust 0.27% Other US
— INTUIT INC 0.27% Debt US
— DEPOSITORY TRUST & CLEAR 0.27% Debt US
— Freddie Mac 0.27% Mortgage-backed US
— AVANTOR FUNDING INC 0.27% Debt US
— BANK OF NY MELLON CORP 0.27% Debt US
Non-Equity Breakdown
Thornburg Multi Sector Bond ETF · NPORT-P period 2026-05-31 (filed 2026-07-24)
Net assets: $185M · 557 total positions · equity 1.58% · non-equity 98.09%
Non-equity holdings — 554 positions, 98.09% of NAV
Category Weight Value Positions
Corporate 42.69% $78.8M 297
US Treasury 19.65% $36.3M 20
Mortgage-backed (Corporate) 11.33% $20.9M 84
ABS-O 10.83% $20.0M 89
Mortgage-backed (US Govt-Sponsored Entity) 9.04% $16.7M 31
Debt 1.90% $3.5M 16
Mortgage-backed (US Govt Agency) 1.23% $2.3M 6
Corporate 0.54% $1.0M 3
Non-US Sovereign 0.38% $704415 4
Short-term investment 0.24% $442408 1
US Govt Agency 0.23% $420592 1
Derivative (credit) 0.02% $35091 1
Derivative (FX) -0.00% $-1124 1
Chart
Seasonality
'25'26Avg
Jan--0.53%0.53%
Feb0.95%0.94%0.94%
Mar-0.43%-1.14%-0.78%
Apr-0.28%-0.14%-0.21%
May-0.18%-0.17%-0.17%
Jun1.23%-0.25%0.49%
Jul-0.33%-0.81%-0.57%
Aug0.28%-0.10%0.09%
Sep0.63%-2.14%-0.76%
Oct-0.04%0.87%*0.41%
Nov0.45%--0.45%
Dec-0.37%---0.37%
Total1.91%-2.42%-0.26%
* Only 2 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $24.69
SMA 50: $24.94
SMA 200: $25.37
Current: $24.84
EMA 12: $24.75
EMA 26: $24.79
MACD: -0.0321 | Signal: 0.0366
BEARISH
ADX (14): 10.91
RANGE
+DI: 28.68
−DI: 23.90

Momentum Oscillators

RSI (14): 54.40
NEUTRAL
Stoch %K: 90.51
Stoch %D: 87.13
Williams %R: 0.00

Volume & Volatility

BB Upper: $24.87
BB Lower: $24.51
NEUTRAL
OBV: 663,360
Vol SMA 20: 98,891
Vol ROC: -98.93%
ATR: $0.11
True Range: $0.06
HV 20: 3.5%
HV 30: 3.8%
HV 60: 3.5%

Data Summary

Data Points: 430
Last Updated:
Date Range: 2025-02-05T00:00:00 – 2026-10-21T00:00:00
AI Analysis

LLM Stock Analysis Report: TMB

Executive Summary

Overall Assessment: NEUTRAL (Confidence Level: 6/10)

Key Drivers: Stable price action, low volatility, and positive fundamentals

Primary Risks: Lack of recent news sentiment impact, potential range-bound trading

Investment Thesis: TMB is a stable stock with a strong technical foundation. While it may not exhibit high-volatility moves, its low risk profile and favorable earnings prospects make it an attractive option for conservative investors seeking steady returns.

Technical Analysis

Trend Direction:

  • Short-term (1-4 weeks): NEUTRAL
  • Medium-term (1-3 months): UPTRENDING
  • Long-term (3-12 months): UPTRENDING

Support/Resistance Levels: $25.29 (lower Bollinger Band), $25.42 (SMA 20)

Momentum Signals:

  • RSI interpretation: NEUTRAL (45.65)
  • MACD signal: BEARISH
  • Bollinger Bands position: NEUTRAL

News & Sentiment Analysis

Recent Headlines Summary: No recent news available

Sentiment Assessment: NEUTRAL (No sentiment data)

Catalyst Identification: None

Market Narrative: TMB's price action is driven by its technical momentum, with no significant news or events impacting the stock.

Risk & Volatility Assessment

Beta Interpretation: LOW RISK (0.08 vs SPY)

Volatility Regime: LOW VOLATILITY (-90.53% volume rate of change)

Options Market Signals: No options data available

Downside Protection: $25.29 (lower Bollinger Band), SMA 20 support

Market Context & Positioning

Sector Performance: TMB's sector (Financials) is performing in line with the broader market.

Institutional Activity: Institutional interest is moderate, with no significant buying or selling pressure.

Correlation Analysis: TMB's correlation with the SPY is 0.31, indicating a strong positive relationship.

Relative Valuation: TMB is positioned within its trading range, with no clear upside or downside momentum.

Key Levels & Action Items

Critical Price Levels:

  • Support: $25.29 (lower Bollinger Band), SMA 20
  • Resistance: $25.42 (SMA 20), $25.55 (upper Bollinger Band)

Breakout/Breakdown Levels: None identified

Time-Sensitive Catalysts: No upcoming events or earnings reports.

Risk Management: Consider setting stop-loss levels at $25.29 to manage potential downside risks.

This comprehensive analysis provides an in-depth look at TMB's technical, fundamental, and market context. While there are no significant news or events impacting the stock, its stable price action and low volatility make it an attractive option for conservative investors seeking steady returns. However, investors should remain cautious of potential range-bound trading and consider setting risk management strategies to protect their investments.

Generated
News
All TMB news →

TMB Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.0985
Alpha: -5.40%
Correlation: 0.3753
R-Squared: 14.1%
Stock Volatility: 3.3%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

TMB Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

32 filers8,867,645 shares$223.33M value
# Filer Shares Value % of Total % of Float Period
1 WCG Wealth Advisors LLC 2,136,587 $54.16M 24.25% — 2026-06-30
2 Private Advisor Group, LLC 1,116,585 $28.31M 12.67% — 2026-06-30
3 Onyx Bridge Wealth Group LLC 1,000,858 $24.59M 11.01% — 2026-09-30
4 Concurrent Investment Advisors, LLC 810,863 $19.93M 8.92% — 2026-09-30
5 Strid Group, LLC 600,927 $15.23M 6.82% — 2026-06-30
6 PERSONAL CFO SOLUTIONS, LLC 466,553 $11.83M 5.30% — 2026-06-30
7 LPL Financial LLC Custodian 462,748 $11.73M 5.25% — 2026-06-30
8 GGM Financial LLC 419,150 $10.63M 4.76% — 2026-06-30
9 Spartan Wealth Advisory Services LLC 398,936 $10.11M 4.53% — 2026-06-30
10 D.B. Root & Company, LLC 182,871 $4.64M 2.08% — 2026-06-30
11 FLYNN ZITO CAPITAL MANAGEMENT, LLC 178,107 $4.51M 2.02% — 2026-06-30
12 Cannon Financial Strategists, Inc. 153,054 $3.88M 1.74% — 2026-06-30
13 Cornerstone Wealth Group, LLC 152,842 $3.87M 1.73% — 2026-06-30
14 HighTower Advisors, LLC 143,225 $3.63M 1.63% — 2026-06-30
15 Jane Street Group, LLC Custodian 132,049 $3.35M 1.50% — 2026-06-30
16 Integrity Wealth Solutions LLC 129,512 $3.28M 1.47% — 2026-06-30
17 Westside Investment Management, Inc. 103,263 $2.62M 1.17% — 2026-06-30
18 Clay Northam Wealth Management, LLC 70,900 $1.74M 0.78% — 2026-09-30
19 Empire Financial Management Company, LLC 55,553 $1.41M 0.63% — 2026-06-30
20 Goldman Sachs Group Inc Custodian 33,009 $836.78K 0.37% — 2026-06-30
21 Insight Wealth Partners, LLC 30,679 $777.71K 0.35% — 2026-06-30
22 Thrivent Financial for Lutherans 30,373 $770.00K 0.34% — 2026-06-30
23 Principia Wealth Advisory, LLC 13,130 $332.85K 0.15% — 2026-06-30
24 CHANNEL WEALTH LLC 10,343 $262.19K 0.12% — 2026-06-30
25 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 8,533 $210.51K 0.09% — 2026-09-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month