Thornburg Premium Income Builder ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Detailed holdings are compiled from each fund’s latest SEC N-PORT portfolio filing. View this fund’s filings on SEC EDGAR →
About THOR
TheFund pursues its investment goals by investing in a broad range of dividend paying equity securities, including, but not limitedto, common stocks, preferred stocks, depositary receipts and publicly traded real estate investment trusts (“REITs”);and in income producing instruments of any kind. The Fund may invest in any stock or other equity security which its investmentadviser, Thornburg Investment Management, Inc. (“Thornburg” or the “Adviser”), believes may assist theFund in pursuing its investment goals. The Fund may invest in securities of companies of any market capitalization. TheFund may invest a significant portion of its assets in securities of issuers domiciled in or economically tied to countries outsidethe United States, including developing market countries. The relative proportion of U.S. and non-U.S. securities held by theFund may vary from time to time, depending upon Thornburg’s view of specific investment opportunities and macro-economicfactors. TheFund will opportunistically utilize an “option strategy” consisting of writing (selling) covered call and put optioncontracts on individual securities, and writing (selling) call and put option contracts on broad-based U.S. and non-U.S. marketindexes, in each case in order to generate additional income in the form of premiums on the options. A call option written (sold)by the Fund will give the holder (buyer) the right to buy a certain equity security at a predetermined strike price from the Fund.A put option written (sold) by the Fund will give the holder (buyer) the right to sell a certain equity security at a predeterminedstrike price to the Fund. A premium is the income received by the writer of the option contract. TheFund’s investments are determined by individual issuer and industry analysis. Investment decisions are based on domesticand international economic developments, outlooks for securities markets, interest rates and inflation, the supply and demandfor securities, and analysis of specific issuers. TheFund may sell an investment if Thornburg has identified a better investment opportunity, in response to changes in the conditionsor business of the investment’s issuer or changes in overall market conditions, if Thornburg has a target price for theinvestment and that target price has been achieved, or if, in Thornburg’s opinion, the investment no longer serves to achievethe Fund’s investment goals. TheFund may, from time to time, invest opportunistically and without limit in debt obligations of any kind, including corporate bondsand other obligations, mortgage- and other asset-backed securities and government obligations. The Fund may purchase debt obligationsof any maturity and of any credit quality, including “high yield” or “junk” bonds. There is no minimumcredit quality or rating of debt obligation the Fund may purchase. The Fund also may invest in debt obligations which have a combinationof equity and debt characteristics, such as convertible bonds. TheFund may enter into derivatives transactions and other instruments of any kind for hedging purposes or otherwise to gain, or reduce,long or short exposure to one or more asset classes or issuers. TheFund may invest up to 20% of its net assets in equity-linked notes (“ELNs”). ELNs are structured as notes that areissued by counterparties, including banks, broker-dealers or their affiliates, and that are designed to offer a return linkedto the underlying instruments within the ELN, which may include options. The options underlying the ELNs in which the Fund mayinvest may be based on a broad-based index, exchange-traded funds (“ETFs”) or individual securities. The ELNs ownedby the Fund are structured to use a covered call strategy and have short call positions embedded within them. When the Fund purchasesthe ELN from the issuing counterparty, the Fund is entitled to the premium generated by the short call position within the ELN.When the Fund sells call options within an ELN, it receives a premium but limits its opportunity to profit from an increase inthe market value of either the underlying broad-based index, ETF or individual security name to the exercise price (plus the premiumreceived). The maximum potential gain on an underlying instrument will be equal to the difference between the exercise price andthe purchase price of the underlying broad-based index, ETF or individual security name at the time the option is written, plusthe premium received. Subjectto applicable statutory and regulatory limitations, the Fund may also invest in securities issued by other investment companies,such as business development companies. TheFund is classified as a non-diversified fund and may invest in a smaller number of issuers and have a greater percentage of itsassets in those issuers than a diversified investment company.
THOR News
- Creatine for women: benefits for strength, brain health and hormones – without the bulk
- Thor Equities and Partners Bring UMusic Hotel & Beach Club to the Forefront of Mexico's Tulum Renace Initiative
- DESILO's THOR Selected as Reference Implementation for Encrypted AI in Global FHE Benchmarking Suite
- Establishment Labs Appoints Taylor Harris to Board of Directors
- Thornburg Launches New ETF "THOR" Amid Concerns Over Tech Giants' Valuations
- Thornburg Extends Income Builder Franchise with Launch of THOR ETF
- Thornburg Extends Income Builder Franchise with Launch of THOR ETF
- THOR INDUSTRIES ANNOUNCES REGULAR QUARTERLY DIVIDEND
Data for THOR is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.