TPLSvsCMFETF Comparison
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Thornburg Core Plus Bond ETF (TPLS) belongs to the Intl Aggregate Bonds segment. iShares California Muni Bond ETF (CMF) is part of the Municipal Bonds segment. TPLS's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, CMF's top sector exposures are Municipal and Non-Corporate. TPLS is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.08% for CMF. TPLS is down -1.27% year-to-date (YTD) with +$2M in YTD flows. CMF performs worse with -2.36% YTD performance, and +$1.60B in YTD flows. Run a side-by-side ETF comparison of TPLS and CMF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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TPLS vs CMF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TPLS CMF | -0.29%-0.25% | -1.61%-3.34% | -1.27%-2.36% | -1.42%-1.71% | n/a+9.17% | n/a+0.25% |
| Flows | TPLS CMF | +$6M+$660M | +$6M+$801M | +$2M+$1.60B | +$2M+$1.96B | -+$3.16B | -+$3.62B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TPLS CMF | +4.34%+4.84% | +3.95%+3.08% | n/a+3.57% | n/a+3.58% |
| Max drawdown | TPLS CMF | -3.17%-5.69% | -4.59%-6.52% | n/a-6.52% | n/a-12.25% |
| Max drawdown duration | TPLS CMF | 52d92d | 229d229d | n/a229d | n/a1346d |
Trading data
TPLS | CMF | |
Last sale 10/16/2026 at 1:30 PM | $24.26 | $54.82 |
| Previous close 10/15/2026 | $24.23 | $54.79 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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TPLS
is actively managed and doesn’t replicate an indexTPLS | CMF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
TPLS | CMF | |
|---|---|---|
| Last price | $24.26 | $54.82 |
| 1D performance | +0.12% | +0.05% |
| AuM | $20.38 M | $5.19 B |
| E/R | 0.45% | 0.08% |
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Exposure
Countries
TPLS
USA
56.46%
Other
43.54%
CMF
USA
59.23%
Other
40.77%
Sectors
TPLS
Sovereign
16.96%
Finance
11.36%
Industrials
7.18%
Other
64.5%
CMF
Municipal
59.23%
Other
40.77%
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Diversification
TPLS
Total weight of top 15 holdings out of 15
29.4%
CMF
Total weight of top 15 holdings out of 15
6.39%
Top 15 holdings
Data as of August 31, 2026
TPLS
USA, STRIPS 0% 15may2045, USD (10958D)
8.61%
USA, STRIPS 0% 15feb2056, USD (10955D)
4.61%
Thornburg Capital Management Fund
3.80%
US31427NEK19
2.04%
US693981AC68
1.61%
USA, TIPS 0.125% 15feb2051, USD
1.21%
FR SD8533, 5.5% 1may2055, USD (ABS)
1.16%
US31418EU999
1.05%
US3132DP3J51
0.93%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.91%
US3140W6XM92
0.73%
US00969YAA29
0.72%
US233824AA90
0.68%
US19688RAF64
0.68%
US85573HAA86
0.67%
CMF
Orange Water District, FRN 1aug2042, USD (2003A)
0.60%
US79766DLC10
0.52%
US032556NJ70
0.49%
Los Angeles Unified School District, 5% 1jul2031, USD (2024)
0.47%
University of California, 5.5% 15may2040, USD
0.46%
California Educational Facilities Authority, 5% 1may2045, USD
0.44%
US4636324Q95
0.44%
US79905CAB90
0.42%
Los Angeles Unified School District, 5% 1jul2034, USD (2024A)
0.41%
US13077DUT70
0.40%
University of California, 5% 15may2036, USD (2025)
0.39%
California, 5% 1mar2055, USD
0.37%
California, 5.25% 1aug2032, USD
0.34%
US91412GSH91
0.32%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.32%
Frequently asked questions about TPLS and CMF
How have the TPLS and CMF ETFs performed in 2026?
As of October 16, 2026, TPLS is down -1.27% year-to-date (YTD), while CMF has lost -2.36%. That puts TPLS better performer ahead so far this year.
Which ETF is attracting more investor money: TPLS or CMF?
Year-to-date, the TPLS ETF saw +$2M in flows, compared to +$1.60B for CMF.
Which ETF is more volatile: TPLS or CMF?
Over the past year, TPLS had a volatility of 3.95%, while CMF experienced 3.08%.
Which ETF is bigger: TPLS or CMF?
As of October 16, 2026, TPLS holds $20.38 M in assets under management (AUM), while CMF manages $5.19 B.
What sectors do the TPLS and CMF ETFs invest in?
TPLS leans toward sectors like Sovereign, Finance and Industrials. Meanwhile, CMF focuses on Municipal.
What are the top holdings of the TPLS ETF and CMF ETF?
TPLS top holdings include USA, STRIPS 0% 15may2045, USD (10958D), USA, STRIPS 0% 15feb2056, USD (10955D) and Thornburg Capital Management Fund. CMF holds in its top three: Orange Water District, FRN 1aug2042, USD (2003A), US79766DLC10 and US032556NJ70.
Which ETF is more diversified: TPLS or CMF?
TPLS holds 344 securities with 29.4% of its assets in the top 15. CMF has 1670 securities and a top 15 weight of 6.39%.
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Latest news about TPLS & CMF
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