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Thornburg Premium Income Builder ETF in registration
Thornburg may be best known for its global income-builder TIBAX / TIBIX. Some years ago (2021), it offered a CEF cousin TBLD (unleveraged) with a twist - it has a definitive-term-limit (2033-35). That remains its only CEF. This "new" approach was supposed to cure CEF discount issues, but TBLD is at -6.5% discount (to vanish when the CEF terminates).
Thank you. I have been expecting this will ETF since the OEF equivalent of it is quite successful. This fund was recommended by BobC in the old Fund Alarm days.
Comments
Thornburg has other mutual funds and ETFs. So, it's interesting that it decided to also launch an etf cousin of TIBAX / TIBIX - ticker to be released later.
https://www.sec.gov/Archives/edgar/data/2038383/000199937126005431/thor-485apos_030926.htm
https://www.morningstar.com/funds/xnas/tibax/parent
https://www.thornburg.com/investment-capabilities/etfs/
https://www.cefconnect.com/fund/TBLD