TMB Fees and Costs — Thornburg Multi Sector Bond ETF
Data updated: 2026-07-24
The net expense ratio is 0.55%. There are no sales loads or redemption fees. Portfolio turnover was 23%.
TMB Fees and Expenses
Annual operating expenses and sales charges of TMB. Prospectus, as of December 29, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TMB Costs Over Time
On $10,000 invested in TMB, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.55%) | $58 | $181 | $315 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,416 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
TMB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $156.7M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
TMB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $58.0M | 46.37% |
| BMO Capital Markets Corp. | $18.5M | 14.82% |
| Goldman Sachs & Co. LLC | $9.6M | 7.67% |
| Stonex Financial Inc. | $7.3M | 5.83% |
| Morgan Stanley & Co. LLC | $6.6M | 5.25% |
| Nomura Securities International, Inc. | $5.7M | 4.56% |
| Barclays Capital Inc. | $5.7M | 4.55% |
| BofA Securities, Inc. | $4.9M | 3.94% |
| Wells Fargo Securities, LLC | $4.5M | 3.60% |
| J.P. Morgan Securities LLC | $4.2M | 3.38% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.