TPLSvsFOPCETF Comparison
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Thornburg Core Plus Bond ETF (TPLS) and Frontier Asset Opportunistic Credit ETF (FOPC) belong to the same industry segment: Intl Aggregate Bonds. Both ETFs have the same top 3 sector exposures: Sovereign, Finance and Industrials. TPLS is less expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.87% for FOPC. TPLS is down -0.15% year-to-date (YTD) with -$4M in YTD flows. FOPC performs better with -0.04% YTD performance, and -$2M in YTD flows. Run a side-by-side ETF comparison of TPLS and FOPC 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 FOPC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TPLS FOPC | +0.15%-0.12% | -0.71%-0.65% | -0.15%-0.04% | +2.39%+1.77% | n/an/a | n/an/a |
| Flows | TPLS FOPC | --$2K | -$5M+$3K | -$4M-$2M | -$4M+$29K | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TPLS FOPC | +3.94%+3.28% | +3.85%+2.94% | n/an/a | n/an/a |
| Max drawdown | TPLS FOPC | -1.90%-1.26% | -2.99%-2.16% | n/an/a | n/an/a |
| Max drawdown duration | TPLS FOPC | 65d64d | 185d184d | n/an/a | n/an/a |
Trading data
TPLS | FOPC | |
Last sale 9/3/2026 at 1:30 PM | $24.69 | $25.19 |
| Previous close 09/02/2026 | $24.68 | $25.15 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
TPLS | FOPC | |
|---|---|---|
| Last price | $24.69 | $25.19 |
| 1D performance | +0.04% | +0.15% |
| AuM | $14.77 M | $32.93 M |
| E/R | 0.45% | 0.87% |
Characteristics
TPLS | FOPC | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Thornburg | Frontier Asset Management |
| Benchmark | - | - |
| N° of holdings | 240 | 3381 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 5, 2025 | December 19, 2024 |
| ESG | No | No |
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Exposure
Countries
TPLS
USA
56.8%
Other
43.2%
FOPC
USA
53.82%
Other
46.18%
Sectors
TPLS
Sovereign
17.15%
Finance
11.66%
Industrials
8.17%
Other
63.02%
FOPC
Sovereign
33.24%
Other
66.76%
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Diversification
TPLS
Total weight of top 15 holdings out of 15
27.78%
FOPC
Total weight of top 15 holdings out of 15
37.43%
Top 15 holdings
Data as of July 31, 2026
TPLS
USA, STRIPS 0% 15may2045, USD (10958D)
8.52%
USA, STRIPS 0% 15feb2056, USD (10955D)
4.94%
Thornburg Capital Management Fund
2.56%
US693981AC68
1.63%
USA, TIPS 0.125% 15feb2051, USD
1.18%
FR SD8533, 5.5% 1may2055, USD (ABS)
1.16%
US31418EU999
1.05%
FN MA5910, 5.5% 1dec2055, USD (ABS)
1.04%
US3140XRWW19
1.03%
US3132DP3J51
0.92%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.90%
US3140W6XM92
0.73%
US00969YAA29
0.73%
US85573HAA86
0.71%
US233824AA90
0.67%
FOPC
US29287L7001
25.34%
US72201R5853
4.79%
USA, Notes 3.625% 31aug2029, USD (AC-2029)
0.63%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
0.61%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
0.60%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
0.60%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
0.59%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
0.56%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
0.56%
BlackRock Cash Funds - Institutional
0.55%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
0.55%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
0.53%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
0.52%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
0.51%
USA, TIPS 0.125% 15jul2030, USD (D-2030)
0.50%
Frequently asked questions about TPLS and FOPC
How have the TPLS and FOPC ETFs performed in 2026?
As of September 2, 2026, TPLS is down -0.15% year-to-date (YTD), while FOPC has lost -0.04%. That puts FOPC better performer ahead so far this year.
Which ETF is attracting more investor money: TPLS or FOPC?
Year-to-date, the TPLS ETF saw -$4M in flows, compared to -$2M for FOPC.
Which ETF is more volatile: TPLS or FOPC?
Over the past year, TPLS had a volatility of 3.85%, while FOPC experienced 2.94%.
Which ETF is bigger: TPLS or FOPC?
As of September 2, 2026, TPLS holds $14.77 M in assets under management (AUM), while FOPC manages $32.93 M.
What sectors do the TPLS and FOPC ETFs invest in?
TPLS leans toward sectors like Sovereign, Finance and Industrials. Meanwhile, FOPC focuses on Sovereign.
What are the top holdings of the TPLS ETF and FOPC ETF?
TPLS top holdings include USA, STRIPS 0% 15may2045, USD (10958D), USA, STRIPS 0% 15feb2056, USD (10955D) and Thornburg Capital Management Fund. FOPC holds in its top three: US29287L7001, US72201R5853 and USA, Notes 3.625% 31aug2029, USD (AC-2029).
Which ETF is more diversified: TPLS or FOPC?
TPLS holds 344 securities with 27.78% of its assets in the top 15. FOPC has 12604 securities and a top 15 weight of 37.43%.
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Latest news about TPLS & FOPC
Frontier Asset Management Unveils a Suite of Actively Managed "Fund-of-Funds" ETFs
December 27, 2024
FOPC
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