About Thornburg Core Plus Bond ETF (TPLS) — Dividend Analysis 2026
TPLS builds a diversified fixed-income portfolio focused on total return through both income and capital appreciation. Investments include corporate bonds, government securities, MBS, ABS, and bank loans. The fund is flexible, allowing investments in securities of any credit quality and maturity. While it primarily invests in domestic issuers, it may also hold foreign debt, including obligations denominated in non-U.S. currencies, with foreign currency exposure limited to 25%. Additionally, the fund may allocate up to 25% of its assets to high-yield bonds, and exposure to emerging markets is capped at 15%. Security selection relies on fundamental research, which involves proprietary and third-party analysis to evaluate credit quality, economic trends, and valuation. Derivatives may also be used to enhance the portfolio or hedge risks. Positions may be sold to adjust duration, mitigate risk, or take advantage of more attractive opportunities.
Is TPLS a good dividend investment in 2026?
TPLS offers a 4.00% forward yield with a 50% payout ratio. Strand Safety Score: N/A. The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
TPLS DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your TPLS portfolio grows to $14.8K vs $14.0K without reinvestment. This is the compound interest effect in action.
TPLS dividend growth history & forecast
TPLS has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 4.00%.
ETFs do not file income statements or cash flow statements. Their dividend safety depends on the underlying index quality, fund methodology, and holdings composition. Use the Holdings page to analyze individual stocks in this fund.
🌍 TPLS Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold TPLS.
Gross yield
4.00%
Tax rate
15.00%
After-tax yield
3.40%
Real yield (−CPI)
0.60%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
4.00%
1.20%
$400 / yr
🇺🇸 US Taxable (15%) ✓
15%
3.40%
0.60%
$340 / yr
🇺🇸 US Taxable (20%)
20%
3.20%
0.40%
$320 / yr
🇬🇧 UK ISA
0%
4.00%
1.20%
$400 / yr
🇬🇧 UK Taxable
8.75%
3.65%
0.85%
$365 / yr
🇨🇦 TFSA
0%
4.00%
1.20%
$400 / yr
🇨🇦 CA Taxable
25%
3.00%
0.20%
$300 / yr
🇦🇺 Super (pension)
15%
3.40%
0.60%
$340 / yr
🇦🇺 AU Taxable
30%
2.80%
0.00%
$280 / yr
🇩🇪 DE Taxable
26.375%
2.95%
0.15%
$295 / yr
🇫🇷 FR Taxable
30%
2.80%
0.00%
$280 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 TPLS Income Goal & Break-Even
Dividend Break-Even
30yr
Years for dividends to fully repay your TPLS investment of $25.14/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$4.0K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$1.5K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in TPLS for:
Shares needed
28,116
Capital required
$706,696
Monthly income
$2,000
Based on current dividend of $1.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 TPLS Dividend Payment Schedule
TPLS pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$2.13 / payment
$8.54 / year after tax
100 shares
$21.34 / payment
$85.36 / year after tax
1,000 shares
$213.41 / payment
$853.62 / year after tax
📊 TPLS vs Financial Services Benchmarks
How TPLS compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+1.10% vs sectorBetter
TPLS
4.00%
avg
2.90%
5Y Dividend CAGR▼-7.10% vs sectorBelow avg
TPLS
0.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
TPLS
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for TPLS sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ TPLS Insider Activity
No recent SEC filings reported in the last 90 days.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the TPLS dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →