Thornburg Strategic Income Fund

SYMBOL: TSICX

Morningstar Rating • Info

Overall Morningstar Rating among 290 Multisector Bond funds, based on risk-adjusted returns for class C shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 4 stars, 4 stars and 4 stars among 290, 253 and 148 funds, as of 31 Dec 2022.

As of 31 Dec 2022

Fund Assets

$5.3 B

As of 31 Dec 2022

NAV

$11.29

As of 27 Jan 2023

Change

$0.00

As of 27 Jan 2023

YTD NAV Performance

2.14%

As of 27 Jan 2023

Asset Category:

Global Fixed Income

Fund Benchmark:

BBG US Universal TR Value

Portfolio Managers

Lon Erickson, CFA

Portfolio Manager and Managing Director

Christian Hoffmann, CFA

Portfolio Manager and Managing Director

Jeff Klingelhofer, CFA

Co-Head of Investments and Managing Director

Ali Hassan, CFA, FRM

Portfolio Manager and Managing Director

Jason Brady, CFA

President and CEO

Seeking to Deliver on the Promise of Income + Growth

The fund has delivered strong outperformance while taking below-average risk across standard time periods compared to peers in the Morningstar Multisector Bond category.

Strategic Income also has a history of providing:

Outperformance during rising rates
Downside protection
Enhanced total return potential

To learn more, explore the rest of the page and download our client approved brochure.

Download

Overview Performance Fund Facts Characteristics Portfolio Portfolio Managers Literature

Overview

Why Invest in This Strategy?

Highly active and flexible approach, designed to provide attractive risk-adjusted returns by investing in fixed income securities across sector, credit quality and geography.
Proven bottom-up fundamental approach to identify what we perceive to be the most attractive opportunities on a relative value basis.
Opportunistic, multi-sector bond strategy that seeks to provide a total return above that of core fixed income strategies with only incrementally higher risk.

Investment Objective

The fund’s goal is to provide investors with a high level of current income. The fund also seeks to provide some long-term capital appreciation.

Investment Approach

The fund is built around a highly active and flexible approach, able to invest in any income-producing security around the globe across sectors and issuers in order to identify the best relative value opportunities. Our collaborative process combines top-down macroeconomic considerations with deep, fundamental credit research for a comprehensive assessment of risk and reward across the fixed income universe.

Returns

(As of 31 Dec 2022)

YTD

10y

Inception

Total Return with Sales Charge (%)

-8.07

0.34

1.42

2.42

4.24

Total Return without Sales Charge (%)

-7.16

0.34

1.42

2.42

4.24

BBG US Universal TR Value (%)

-12.99

-2.54

0.18

1.33

2.95

Strategic Income Blend (%)

-13.87

-0.96

1.45

2.73

3.48

Morningstar Category Avg. (%)

-9.85

-1.1

0.85

2.2

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return with Sales Charge (%)

-8.07

0.34

1.42

2.42

4.24

Total Return without Sales Charge (%)

-7.16

0.34

1.42

2.42

4.24

BBG US Universal TR Value (%)

-12.99

-2.54

0.18

1.33

2.95

Strategic Income Blend (%)

-13.87

-0.96

1.45

2.73

3.48

Morningstar Category Avg. (%)

-9.85

-1.1

0.85

2.2

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return with Sales Charge (%)

-8.07

1.02

7.32

27.00

86.57

Total Return without Sales Charge (%)

-7.16

1.02

7.32

27.00

86.57

BBG US Universal TR Value (%)

-12.99

-7.43

0.91

14.15

54.72

Strategic Income Blend (%)

-13.87

-2.85

7.46

30.93

67.18

YTD

10y

Inception

Total Return with Sales Charge (%)

-8.07

1.02

7.32

27.00

86.57

Total Return without Sales Charge (%)

-7.16

1.02

7.32

27.00

86.57

BBG US Universal TR Value (%)

-12.99

-7.43

0.91

14.15

54.72

Strategic Income Blend (%)

-13.87

-2.85

7.46

30.93

67.18

2017

2018

2019

2020

2021

2022

Total Return with Sales Charge (%)

4.32

-1.40

5.68

6.07

0.64

-8.07

Strategic Income Blend (%)

7.09

-1.63

12.45

9.68

2.85

-13.87

BBG US Universal TR Value (%)

4.09

-0.25

9.29

7.58

-1.10

-12.99

Source: Confluence

Periods less than one year are not annualized.

Thornburg Strategic Income Fund's Blended Index is composed of 80% Bloomberg U.S. Aggregate Total Return Value USD and 20% MSCI World Net Total Return USD Index, rebalanced monthly.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate so shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than quoted.

The maximum sales charge for the equity funds' A shares is 4.50%. C shares include a 1% contingent deferred sales charge (CDSC) for the first year only. There is no up-front sales charge for class I or R shares.

Morningstar quartile ranking for Multisector Bond category is based on total returns before sales charges for 1-, 3-, 5- and 10-years, among 344, 284, 250 and 148 funds, respectively, as of 30 Sep 2022, and 347, 286, 252 and 149 funds, respectively, as of 30 Nov 2022.

Prior to inception of R share classes, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.

Share class inception dates: A, C, and I shares, 19 Dec 2007; R3 and R5 shares, 1 May 2012; R4 shares, 1 Feb 2014; R6 shares, 10 Apr 2017.

Fund Fees

(As of 31 Dec 2022)

Gross Expense Ratio (%)

1.83

Net Expense Ratio (%)

1.80

Expense Ratios - Expressed as a percentage of total fund assets and include management fees and operating costs. Expense ratios fluctuate over time and the expense ratio in the prospectus may differ from the actual expense ratio. The fund's total return includes the deduction of expenses.

For more detailed information on fund expenses, please see the fund's prospectus.

Hypothetical Growth of $10,000

            Categories,C Shares,BBG US Universal TR Value
            2007-12-19,10000,10000
2007-12-31,10204,10037
2008-01-31,10279,10182
2008-02-29,10320,10182
2008-03-31,10169,10203
2008-04-30,10350,10213
2008-05-31,10354,10150
2008-06-30,10105,10120
2008-07-31,10078,10105
2008-08-31,9944,10194
2008-09-30,9243,10003
2008-10-31,8221,9643
2008-11-30,7951,9897
2008-12-31,8264,10275
2009-01-31,8419,10217
2009-02-28,8370,10163
2009-03-31,8475,10316
2009-04-30,8960,10422
2009-05-31,9547,10539
2009-06-30,9838,10619
2009-07-31,10246,10820
2009-08-31,10576,10946
2009-09-30,10903,11095
2009-10-31,10978,11159
2009-11-30,11158,11300
2009-12-31,11230,11159
2010-01-31,11404,11329
2010-02-28,11497,11372
2010-03-31,11698,11387
2010-04-30,11853,11513
2010-05-31,11567,11565
2010-06-30,11658,11745
2010-07-31,11955,11897
2010-08-31,12075,12046
2010-09-30,12372,12084
2010-10-31,12573,12146
2010-11-30,12536,12066
2010-12-31,12645,11959
2011-01-31,12790,11987
2011-02-28,13023,12025
2011-03-31,13072,12040
2011-04-30,13266,12196
2011-05-31,13361,12347
2011-06-30,13319,12306
2011-07-31,13426,12498
2011-08-31,13235,12625
2011-09-30,12882,12661
2011-10-31,13230,12733
2011-11-30,13050,12695
2011-12-31,13132,12844
2012-01-31,13476,12983
2012-02-29,13703,13013
2012-03-31,13740,12953
2012-04-30,13834,13094
2012-05-31,13689,13179
2012-06-30,13802,13212
2012-07-31,14030,13409
2012-08-31,14211,13437
2012-09-30,14447,13477
2012-10-31,14593,13520
2012-11-30,14589,13552
2012-12-31,14690,13554
2013-01-31,14931,13484
2013-02-28,14973,13548
2013-03-31,15148,13565
2013-04-30,15324,13714
2013-05-31,15188,13481
2013-06-30,14926,13244
2013-07-31,15039,13287
2013-08-31,14939,13211
2013-09-30,15200,13342
2013-10-31,15414,13475
2013-11-30,15451,13431
2013-12-31,15469,13372
2014-01-31,15554,13549
2014-02-28,15784,13646
2014-03-31,15848,13633
2014-04-30,15974,13746
2014-05-31,16191,13912
2014-06-30,16311,13933
2014-07-31,16214,13889
2014-08-31,16335,14040
2014-09-30,16153,13929
2014-10-31,16177,14065
2014-11-30,16110,14141
2014-12-31,15882,14115
2015-01-31,15830,14384
2015-02-28,16000,14300
2015-03-31,15965,14359
2015-04-30,16148,14343
2015-05-31,16154,14317
2015-06-30,16019,14158
2015-07-31,15956,14240
2015-08-31,15756,14198
2015-09-30,15570,14254
2015-10-31,15736,14299
2015-11-30,15635,14247
2015-12-31,15411,14176
2016-01-31,15293,14332
2016-02-29,15274,14434
2016-03-31,15692,14611
2016-04-30,15994,14711
2016-05-31,16025,14722
2016-06-30,16142,14981
2016-07-31,16370,15105
2016-08-31,16497,15121
2016-09-30,16536,15125
2016-10-31,16562,15024
2016-11-30,16413,14687
2016-12-31,16507,14730
2017-01-31,16659,14782
2017-02-28,16795,14896
2017-03-31,16836,14891
2017-04-30,16975,15015
2017-05-31,17100,15131
2017-06-30,17137,15118
2017-07-31,17233,15193
2017-08-31,17300,15324
2017-09-30,17323,15270
2017-10-31,17357,15289
2017-11-30,17358,15266
2017-12-31,17385,15333
2018-01-31,17382,15185
2018-02-28,17322,15041
2018-03-31,17290,15117
2018-04-30,17273,15016
2018-05-31,17306,15098
2018-06-30,17294,15076
2018-07-31,17343,15108
2018-08-31,17421,15182
2018-09-30,17426,15117
2018-10-31,17310,14991
2018-11-30,17314,15058
2018-12-31,17311,15294
2019-01-31,17580,15505
2019-02-28,17668,15522
2019-03-31,17816,15802
2019-04-30,17904,15824
2019-05-31,17963,16066
2019-06-30,18143,16294
2019-07-31,18185,16342
2019-08-31,18314,16712
2019-09-30,18323,16640
2019-10-31,18361,16693
2019-11-30,18384,16690
2019-12-31,18468,16715
2020-01-31,18599,17015
2020-02-29,18634,17270
2020-03-31,17393,16932
2020-04-30,17864,17271
2020-05-31,18366,17433
2020-06-30,18748,17578
2020-07-31,19087,17887
2020-08-31,19239,17784
2020-09-30,19293,17752
2020-10-31,19346,17688
2020-11-30,19620,17919
2020-12-31,19774,17981
2021-01-31,19832,17868
2021-02-28,19858,17637
2021-03-31,19800,17432
2021-04-30,19901,17579
2021-05-31,19979,17646
2021-06-30,20037,17774
2021-07-31,20126,17953
2021-08-31,20183,17941
2021-09-30,20159,17788
2021-10-31,20118,17773
2021-11-30,20059,17795
2021-12-31,20096,17783
2022-01-31,19871,17393
2022-02-28,19663,17156
2022-03-31,19386,16695
2022-04-30,19044,16073
2022-05-31,19049,16161
2022-06-30,18607,15838
2022-07-31,18912,16236
2022-08-31,18770,15814
2022-09-30,18329,15133
2022-10-31,18308,14967
2022-11-30,18639,15525
2022-12-31,18657,15472

Hypothetical Growth of $10,000

(As of 31 Dec 2022)

(Hypothetical Growth of $10,000 vs BBG US Universal TR Value)

                        Categories,C Shares,BBG US Universal TR Value
                        2021-12-31,10000,10000
2022-01-31,9888,9781
2022-02-28,9784,9647
2022-03-31,9646,9389
2022-04-30,9476,9038
2022-05-31,9479,9088
2022-06-30,9259,8907
2022-07-31,9411,9130
2022-08-31,9340,8893
2022-09-30,9121,8510
2022-10-31,9110,8417
2022-11-30,9275,8730
2022-12-31,9193,8701

                        Categories,C Shares,BBG US Universal TR Value
                        2019-12-31,10000,10000
2020-01-31,10071,10179
2020-02-29,10090,10332
2020-03-31,9418,10130
2020-04-30,9673,10333
2020-05-31,9945,10429
2020-06-30,10152,10517
2020-07-31,10335,10701
2020-08-31,10417,10640
2020-09-30,10447,10620
2020-10-31,10475,10582
2020-11-30,10624,10721
2020-12-31,10707,10758
2021-01-31,10739,10690
2021-02-28,10753,10552
2021-03-31,10721,10429
2021-04-30,10776,10517
2021-05-31,10818,10557
2021-06-30,10850,10634
2021-07-31,10898,10741
2021-08-31,10929,10734
2021-09-30,10916,10642
2021-10-31,10894,10633
2021-11-30,10861,10646
2021-12-31,10882,10639
2022-01-31,10760,10406
2022-02-28,10647,10264
2022-03-31,10497,9988
2022-04-30,10312,9616
2022-05-31,10315,9669
2022-06-30,10075,9476
2022-07-31,10241,9714
2022-08-31,10163,9461
2022-09-30,9925,9054
2022-10-31,9913,8954
2022-11-30,10092,9288
2022-12-31,10102,9257

                        Categories,C Shares,BBG US Universal TR Value
                        2017-12-31,10000,10000
2018-01-31,9998,9904
2018-02-28,9964,9810
2018-03-31,9945,9859
2018-04-30,9936,9794
2018-05-31,9954,9847
2018-06-30,9947,9833
2018-07-31,9976,9853
2018-08-31,10021,9902
2018-09-30,10023,9859
2018-10-31,9957,9777
2018-11-30,9959,9821
2018-12-31,9957,9975
2019-01-31,10112,10112
2019-02-28,10163,10123
2019-03-31,10248,10306
2019-04-30,10299,10320
2019-05-31,10332,10478
2019-06-30,10436,10627
2019-07-31,10460,10658
2019-08-31,10535,10899
2019-09-30,10539,10852
2019-10-31,10561,10887
2019-11-30,10574,10885
2019-12-31,10623,10901
2020-01-31,10698,11097
2020-02-29,10719,11263
2020-03-31,10005,11043
2020-04-30,10276,11264
2020-05-31,10564,11369
2020-06-30,10784,11464
2020-07-31,10979,11666
2020-08-31,11066,11598
2020-09-30,11097,11578
2020-10-31,11128,11536
2020-11-30,11286,11687
2020-12-31,11374,11727
2021-01-31,11408,11653
2021-02-28,11422,11503
2021-03-31,11389,11369
2021-04-30,11447,11465
2021-05-31,11492,11508
2021-06-30,11525,11592
2021-07-31,11577,11709
2021-08-31,11609,11701
2021-09-30,11596,11601
2021-10-31,11572,11592
2021-11-30,11538,11606
2021-12-31,11559,11598
2022-01-31,11430,11343
2022-02-28,11310,11189
2022-03-31,11151,10889
2022-04-30,10954,10483
2022-05-31,10957,10540
2022-06-30,10703,10330
2022-07-31,10878,10589
2022-08-31,10797,10314
2022-09-30,10543,9870
2022-10-31,10531,9761
2022-11-30,10721,10125
2022-12-31,10732,10091

                        Categories,C Shares,BBG US Universal TR Value
                        2012-12-31,10000,10000
2013-01-31,10164,9948
2013-02-28,10192,9996
2013-03-31,10311,10008
2013-04-30,10431,10117
2013-05-31,10339,9946
2013-06-30,10160,9771
2013-07-31,10237,9803
2013-08-31,10169,9747
2013-09-30,10347,9844
2013-10-31,10493,9941
2013-11-30,10517,9909
2013-12-31,10530,9865
2014-01-31,10588,9996
2014-02-28,10745,10067
2014-03-31,10788,10058
2014-04-30,10874,10141
2014-05-31,11022,10263
2014-06-30,11103,10279
2014-07-31,11038,10247
2014-08-31,11120,10358
2014-09-30,10995,10276
2014-10-31,11012,10377
2014-11-30,10967,10433
2014-12-31,10811,10414
2015-01-31,10776,10612
2015-02-28,10891,10550
2015-03-31,10867,10594
2015-04-30,10992,10581
2015-05-31,10996,10563
2015-06-30,10904,10445
2015-07-31,10862,10506
2015-08-31,10725,10475
2015-09-30,10599,10516
2015-10-31,10712,10550
2015-11-30,10643,10511
2015-12-31,10490,10459
2016-01-31,10410,10574
2016-02-29,10397,10649
2016-03-31,10682,10780
2016-04-30,10887,10853
2016-05-31,10909,10862
2016-06-30,10988,11053
2016-07-31,11143,11144
2016-08-31,11230,11156
2016-09-30,11256,11159
2016-10-31,11274,11084
2016-11-30,11172,10835
2016-12-31,11237,10868
2017-01-31,11340,10906
2017-02-28,11433,10990
2017-03-31,11461,10986
2017-04-30,11555,11077
2017-05-31,11640,11163
2017-06-30,11666,11153
2017-07-31,11731,11209
2017-08-31,11776,11306
2017-09-30,11792,11266
2017-10-31,11815,11279
2017-11-30,11816,11262
2017-12-31,11834,11312
2018-01-31,11833,11203
2018-02-28,11791,11097
2018-03-31,11770,11153
2018-04-30,11758,11079
2018-05-31,11780,11139
2018-06-30,11772,11123
2018-07-31,11805,11146
2018-08-31,11859,11201
2018-09-30,11862,11153
2018-10-31,11783,11060
2018-11-30,11786,11109
2018-12-31,11784,11283
2019-01-31,11967,11439
2019-02-28,12027,11451
2019-03-31,12128,11658
2019-04-30,12188,11674
2019-05-31,12228,11853
2019-06-30,12350,12021
2019-07-31,12379,12057
2019-08-31,12467,12329
2019-09-30,12473,12276
2019-10-31,12499,12316
2019-11-30,12514,12313
2019-12-31,12571,12332
2020-01-31,12661,12553
2020-02-29,12685,12741
2020-03-31,11840,12492
2020-04-30,12161,12742
2020-05-31,12502,12861
2020-06-30,12762,12969
2020-07-31,12993,13196
2020-08-31,13096,13120
2020-09-30,13133,13097
2020-10-31,13169,13050
2020-11-30,13356,13220
2020-12-31,13461,13266
2021-01-31,13500,13182
2021-02-28,13518,13012
2021-03-31,13478,12861
2021-04-30,13547,12969
2021-05-31,13600,13018
2021-06-30,13640,13113
2021-07-31,13700,13245
2021-08-31,13739,13236
2021-09-30,13723,13123
2021-10-31,13695,13112
2021-11-30,13654,13128
2021-12-31,13680,13119
2022-01-31,13527,12832
2022-02-28,13385,12657
2022-03-31,13196,12317
2022-04-30,12964,11858
2022-05-31,12967,11923
2022-06-30,12666,11685
2022-07-31,12874,11979
2022-08-31,12777,11667
2022-09-30,12477,11165
2022-10-31,12463,11042
2022-11-30,12688,11454
2022-12-31,12700,11415

The Hypothetical Growth graph compares a hypothetical investment in the Fund to the performance of the Index for the stated time period. Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.

Distributions

            Categories,Total ($)
            2007-12-31,0.01388
2008-03-31,0.13923
2008-06-30,0.16588
2008-09-30,0.16969
2008-12-31,0.19344
2009-03-31,0.15787
2009-06-30,0.17166
2009-09-30,0.19179
2009-11-30,0.05056
2009-12-31,0.20682
2010-03-31,0.00193
2010-06-30,0.00257
2010-09-30,0.00213
2010-11-30,0.28440
2010-12-31,0.20317
2011-03-31,0.15781
2011-06-30,0.16793
2011-09-30,0.18272
2011-11-30,0.27627
2011-12-31,0.20050
2012-01-31,0.05447
2012-02-29,0.04973
2012-03-31,0.05184
2012-04-30,0.05203
2012-05-31,0.05436
2012-06-30,0.05709
2012-07-31,0.05685
2012-08-31,0.05431
2012-09-30,0.05126
2012-10-31,0.04417
2012-11-30,0.18611
2012-12-31,0.05423
2013-01-31,0.04918
2013-02-28,0.04468
2013-03-31,0.04405
2013-04-30,0.04428
2013-05-31,0.04908
2013-06-30,0.04690
2013-07-31,0.05175
2013-08-31,0.04928
2013-09-30,0.04945
2013-10-31,0.05152
2013-11-30,0.31885
2013-12-31,0.04401
2014-01-31,0.03645
2014-02-28,0.03731
2014-03-31,0.03908
2014-04-30,0.03654
2014-05-31,0.03388
2014-06-30,0.04135
2014-07-31,0.03641
2014-08-31,0.03167
2014-09-30,0.03190
2014-10-31,0.02869
2014-11-30,0.17916
2014-12-31,0.03130
2015-01-31,0.03151
2015-02-28,0.03471
2015-03-31,0.03432
2015-04-30,0.03430
2015-05-31,0.03406
2015-06-30,0.03205
2015-07-31,0.03452
2015-08-31,0.03459
2015-09-30,0.03601
2015-10-31,0.01968
2015-11-30,0.04716
2015-12-31,0.01980
2016-01-31,0.03610
2016-02-29,0.03648
2016-03-31,0.03607
2016-04-30,0.03366
2016-05-31,0.02219
2016-06-30,0.02226
2016-07-31,0.01955
2016-08-31,0.01936
2016-09-30,0.01688
2016-10-31,0.01831
2016-11-30,0.01601
2016-12-31,0.01579
2017-01-31,0.01578
2017-02-28,0.03427
2017-03-31,0.02839
2017-04-30,0.02603
2017-05-31,0.02578
2017-06-30,0.02599
2017-07-31,0.02575
2017-08-31,0.02570
2017-09-30,0.02593
2017-10-31,0.02312
2017-11-30,0.02088
2017-12-31,0.01814
2018-01-31,0.01818
2018-02-28,0.01890
2018-03-31,0.01863
2018-04-30,0.01876
2018-05-31,0.02178
2018-06-30,0.02196
2018-07-31,0.02273
2018-08-31,0.02253
2018-09-30,0.02318
2018-10-31,0.02276
2018-11-30,0.02301
2018-12-31,0.02782
2019-01-31,0.02806
2019-02-28,0.02842
2019-03-31,0.02753
2019-04-30,0.02819
2019-05-31,0.02842
2019-06-30,0.02814
2019-07-31,0.02733
2019-08-31,0.02454
2019-09-30,0.02531
2019-10-31,0.02512
2019-11-30,0.02462
2019-12-31,0.02435
2020-01-31,0.02448
2020-02-29,0.02294
2020-03-31,0.02223
2020-04-30,0.02200
2020-05-31,0.02155
2020-06-30,0.02411
2020-07-31,0.02640
2020-08-31,0.02634
2020-09-30,0.03448
2020-10-31,0.03339
2020-11-30,0.03338
2020-12-31,0.03692
2021-01-31,0.03659
2021-02-28,0.03587
2021-03-31,0.03408
2021-04-30,0.03282
2021-05-31,0.02867
2021-06-30,0.02570
2021-07-31,0.02512
2021-08-31,0.02517
2021-09-30,0.02532
2021-10-31,0.02473
2021-11-30,0.05359
2021-12-31,0.02290
2022-01-31,0.02280
2022-02-28,0.02312
2022-03-31,0.02175
2022-04-30,0.02290
2022-05-31,0.02308
2022-06-30,0.02338
2022-07-31,0.02373
2022-08-31,0.02433
2022-09-30,0.02572
2022-10-31,0.02715
2022-11-30,0.02756
2022-12-31,0.03081

            Ex Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
            2007-12-31,0.01388,0.01388,0,0
2008-03-31,0.13923,0.13923,0,0
2008-06-30,0.16588,0.16588,0,0
2008-09-30,0.16969,0.16969,0,0
2008-12-31,0.19344,0.19344,0,0
2009-03-31,0.15787,0.15787,0,0
2009-06-30,0.17166,0.17166,0,0
2009-09-30,0.19179,0.19179,0,0
2009-11-19,0.05056,0,0.04624,0.00432
2009-12-31,0.20682,0.20682,0,0
2010-03-31,0.00193,0.00193,0,0
2010-06-30,0.00257,0.00257,0,0
2010-09-30,0.00213,0.00213,0,0
2010-11-19,0.28440,0,0.17443,0.10997
2010-12-31,0.20317,0.20317,0,0
2011-03-31,0.15781,0.15781,0,0
2011-06-30,0.16793,0.16793,0,0
2011-09-30,0.18272,0.18272,0,0
2011-11-18,0.27627,0,0.06902,0.20725
2011-12-30,0.20050,0.20050,0,0
2012-01-31,0.05447,0.05447,0,0
2012-02-29,0.04973,0.04973,0,0
2012-03-30,0.05184,0.05184,0,0
2012-04-30,0.05203,0.05203,0,0
2012-05-31,0.05436,0.05436,0,0
2012-06-29,0.05709,0.05709,0,0
2012-07-31,0.05685,0.05685,0,0
2012-08-31,0.05431,0.05431,0,0
2012-09-28,0.05126,0.05126,0,0
2012-10-31,0.04417,0.04417,0,0
2012-11-30,0.18611,0.04939,0.06761,0.06911
2012-12-31,0.05423,0.05423,0,0
2013-01-31,0.04918,0.04918,0,0
2013-02-28,0.04468,0.04468,0,0
2013-03-28,0.04405,0.04405,0,0
2013-04-30,0.04428,0.04428,0,0
2013-05-31,0.04908,0.04908,0,0
2013-06-28,0.04690,0.04690,0,0
2013-07-31,0.05175,0.05175,0,0
2013-08-30,0.04928,0.04928,0,0
2013-09-30,0.04945,0.04945,0,0
2013-10-31,0.05152,0.05152,0,0
2013-11-29,0.31885,0.04913,0.11575,0.15397
2013-12-31,0.04401,0.04401,0,0
2014-01-31,0.03645,0.03645,0,0
2014-02-28,0.03731,0.03731,0,0
2014-03-31,0.03908,0.03908,0,0
2014-04-30,0.03654,0.03654,0,0
2014-05-30,0.03388,0.03388,0,0
2014-06-30,0.04135,0.04135,0,0
2014-07-31,0.03641,0.03641,0,0
2014-08-29,0.03167,0.03167,0,0
2014-09-30,0.03190,0.03190,0,0
2014-10-31,0.02869,0.02869,0,0
2014-11-28,0.17916,0.02904,0.05556,0.09456
2014-12-31,0.03130,0.03130,0,0
2015-01-30,0.03151,0.03151,0,0
2015-02-27,0.03471,0.03471,0,0
2015-03-31,0.03432,0.03432,0,0
2015-04-30,0.03430,0.03430,0,0
2015-05-29,0.03406,0.03406,0,0
2015-06-30,0.03205,0.03205,0,0
2015-07-31,0.03452,0.03452,0,0
2015-08-31,0.03459,0.03459,0,0
2015-09-30,0.03601,0.03601,0,0
2015-10-30,0.01968,0.01968,0,0
2015-11-30,0.04716,0.01974,0.02742,0.00000
2015-12-31,0.01980,0.01980,0,0
2016-01-29,0.03610,0.03610,0,0
2016-02-29,0.03648,0.03648,0,0
2016-03-31,0.03607,0.03607,0,0
2016-04-29,0.03366,0.03366,0,0
2016-05-31,0.02219,0.02219,0,0
2016-06-30,0.02226,0.02226,0,0
2016-07-29,0.01955,0.01955,0,0
2016-08-31,0.01936,0.01936,0,0
2016-09-30,0.01688,0.01688,0,0
2016-10-31,0.01831,0.01831,0,0
2016-11-30,0.01601,0.01601,0,0
2016-12-30,0.01579,0.01579,0,0
2017-01-31,0.01578,0.01578,0,0
2017-02-28,0.03427,0.03427,0,0
2017-03-31,0.02839,0.02839,0,0
2017-04-28,0.02603,0.02603,0,0
2017-05-31,0.02578,0.02578,0,0
2017-06-30,0.02599,0.02599,0,0
2017-07-31,0.02575,0.02575,0,0
2017-08-31,0.02570,0.02570,0,0
2017-09-29,0.02593,0.02593,0,0
2017-10-31,0.02312,0.02312,0,0
2017-11-30,0.02088,0.02088,0,0
2017-12-29,0.01814,0.01814,0,0
2018-01-31,0.01818,0.01818,0,0
2018-02-28,0.01890,0.01890,0,0
2018-03-29,0.01863,0.01863,0,0
2018-04-30,0.01876,0.01876,0,0
2018-05-31,0.02178,0.02178,0,0
2018-06-29,0.02196,0.02196,0,0
2018-07-31,0.02273,0.02273,0,0
2018-08-31,0.02253,0.02253,0,0
2018-09-28,0.02318,0.02318,0,0
2018-10-31,0.02276,0.02276,0,0
2018-11-30,0.02301,0.02301,0,0
2018-12-31,0.02782,0.02782,0,0
2019-01-31,0.02806,0.02806,0,0
2019-02-28,0.02842,0.02842,0,0
2019-03-29,0.02753,0.02753,0,0
2019-04-30,0.02819,0.02819,0,0
2019-05-31,0.02842,0.02842,0,0
2019-06-28,0.02814,0.02814,0,0
2019-07-31,0.02733,0.02733,0,0
2019-08-31,0.02454,0.02454,0,0
2019-09-30,0.02531,0.02531,0,0
2019-10-31,0.02512,0.02512,0,0
2019-11-30,0.02462,0.02462,0,0
2019-12-31,0.02435,0.02435,0,0
2020-01-31,0.02448,0.02448,0,0
2020-02-29,0.02294,0.02294,0,0
2020-03-31,0.02223,0.02223,0,0
2020-04-30,0.02200,0.02200,0,0
2020-05-31,0.02155,0.02155,0,0
2020-06-30,0.02411,0.02411,0,0
2020-07-31,0.02640,0.02640,0,0
2020-08-31,0.02634,0.02634,0,0
2020-09-30,0.03448,0.03448,0,0
2020-10-30,0.03339,0.03339,0,0
2020-11-30,0.03338,0.03338,0,0
2020-12-31,0.03692,0.03692,0,0
2021-01-29,0.03659,0.03659,0,0
2021-02-26,0.03587,0.03587,0,0
2021-03-31,0.03408,0.03408,0,0
2021-04-30,0.03282,0.03282,0,0
2021-05-28,0.02867,0.02867,0,0
2021-06-30,0.02570,0.02570,0,0
2021-07-30,0.02512,0.02512,0,0
2021-08-31,0.02517,0.02517,0,0
2021-09-30,0.02532,0.02532,0,0
2021-10-29,0.02473,0.02473,0,0
2021-11-30,0.05359,0.02398,0.02906,0.00055
2021-12-31,0.02290,0.02290,0,0
2022-01-31,0.02280,0.02280,0,0
2022-02-28,0.02312,0.02312,0,0
2022-03-31,0.02175,0.02175,0,0
2022-04-29,0.02290,0.02290,0,0
2022-05-31,0.02308,0.02308,0,0
2022-06-30,0.02338,0.02338,0,0
2022-07-29,0.02373,0.02373,0,0
2022-08-31,0.02433,0.02433,0,0
2022-09-30,0.02572,0.02572,0,0
2022-10-31,0.02715,0.02715,0,0
2022-11-30,0.02756,0.02756,0,0
2022-12-30,0.03081,0.03081,0,0

Distributions

(As of 31 Dec 2022)

Ex-Date

Total ($)

Income ($)

ST Cap Gains ($)

LT Cap Gains ($)

31 Dec 2007

0.01388

—

31 Mar 2008

0.13923

—

30 Jun 2008

0.16588

—

30 Sep 2008

0.16969

—

31 Dec 2008

0.19344

—

31 Mar 2009

0.15787

—

30 Jun 2009

0.17166

—

30 Sep 2009

0.19179

—

19 Nov 2009

0.05056

—

0.04624

0.00432

31 Dec 2009

0.20682

—

31 Mar 2010

0.00193

—

30 Jun 2010

0.00257

—

30 Sep 2010

0.00213

—

19 Nov 2010

0.28440

—

0.17443

0.10997

31 Dec 2010

0.20317

—

31 Mar 2011

0.15781

—

30 Jun 2011

0.16793

—

30 Sep 2011

0.18272

—

18 Nov 2011

0.27627

—

0.06902

0.20725

30 Dec 2011

0.20050

—

31 Jan 2012

0.05447

—

29 Feb 2012

0.04973

—

30 Mar 2012

0.05184

—

30 Apr 2012

0.05203

—

31 May 2012

0.05436

—

29 Jun 2012

0.05709

—

31 Jul 2012

0.05685

—

31 Aug 2012

0.05431

—

28 Sep 2012

0.05126

—

31 Oct 2012

0.04417

—

30 Nov 2012

0.18611

0.04939

0.06761

0.06911

31 Dec 2012

0.05423

—

31 Jan 2013

0.04918

—

28 Feb 2013

0.04468

—

28 Mar 2013

0.04405

—

30 Apr 2013

0.04428

—

31 May 2013

0.04908

—

28 Jun 2013

0.04690

—

31 Jul 2013

0.05175

—

30 Aug 2013

0.04928

—

30 Sep 2013

0.04945

—

31 Oct 2013

0.05152

—

29 Nov 2013

0.31885

0.04913

0.11575

0.15397

31 Dec 2013

0.04401

—

31 Jan 2014

0.03645

—

28 Feb 2014

0.03731

—

31 Mar 2014

0.03908

—

30 Apr 2014

0.03654

—

30 May 2014

0.03388

—

30 Jun 2014

0.04135

—

31 Jul 2014

0.03641

—

29 Aug 2014

0.03167

—

30 Sep 2014

0.03190

—

31 Oct 2014

0.02869

—

28 Nov 2014

0.17916

0.02904

0.05556

0.09456

31 Dec 2014

0.03130

—

30 Jan 2015

0.03151

—

27 Feb 2015

0.03471

—

31 Mar 2015

0.03432

—

30 Apr 2015

0.03430

—

29 May 2015

0.03406

—

30 Jun 2015

0.03205

—

31 Jul 2015

0.03452

—

31 Aug 2015

0.03459

—

30 Sep 2015

0.03601

—

30 Oct 2015

0.01968

—

30 Nov 2015

0.04716

0.01974

0.02742

0.00000

31 Dec 2015

0.01980

—

29 Jan 2016

0.03610

—

29 Feb 2016

0.03648

—

31 Mar 2016

0.03607

—

29 Apr 2016

0.03366

—

31 May 2016

0.02219

—

30 Jun 2016

0.02226

—

29 Jul 2016

0.01955

—

31 Aug 2016

0.01936

—

30 Sep 2016

0.01688

—

31 Oct 2016

0.01831

—

30 Nov 2016

0.01601

—

30 Dec 2016

0.01579

—

31 Jan 2017

0.01578

—

28 Feb 2017

0.03427

—

31 Mar 2017

0.02839

—

28 Apr 2017

0.02603

—

31 May 2017

0.02578

—

30 Jun 2017

0.02599

—

31 Jul 2017

0.02575

—

31 Aug 2017

0.02570

—

29 Sep 2017

0.02593

—

31 Oct 2017

0.02312

—

30 Nov 2017

0.02088

—

29 Dec 2017

0.01814

—

31 Jan 2018

0.01818

—

28 Feb 2018

0.01890

—

29 Mar 2018

0.01863

—

30 Apr 2018

0.01876

—

31 May 2018

0.02178

—

29 Jun 2018

0.02196

—

31 Jul 2018

0.02273

—

31 Aug 2018

0.02253

—

28 Sep 2018

0.02318

—

31 Oct 2018

0.02276

—

30 Nov 2018

0.02301

—

31 Dec 2018

0.02782

—

31 Jan 2019

0.02806

—

28 Feb 2019

0.02842

—

29 Mar 2019

0.02753

—

30 Apr 2019

0.02819

—

31 May 2019

0.02842

—

28 Jun 2019

0.02814

—

31 Jul 2019

0.02733

—

31 Aug 2019

0.02454

—

30 Sep 2019

0.02531

—

31 Oct 2019

0.02512

—

30 Nov 2019

0.02462

—

31 Dec 2019

0.02435

—

31 Jan 2020

0.02448

—

29 Feb 2020

0.02294

—

31 Mar 2020

0.02223

—

30 Apr 2020

0.02200

—

31 May 2020

0.02155

—

30 Jun 2020

0.02411

—

31 Jul 2020

0.02640

—

31 Aug 2020

0.02634

—

30 Sep 2020

0.03448

—

30 Oct 2020

0.03339

—

30 Nov 2020

0.03338

—

31 Dec 2020

0.03692

—

29 Jan 2021

0.03659

—

26 Feb 2021

0.03587

—

31 Mar 2021

0.03408

—

30 Apr 2021

0.03282

—

28 May 2021

0.02867

—

30 Jun 2021

0.02570

—

30 Jul 2021

0.02512

—

31 Aug 2021

0.02517

—

30 Sep 2021

0.02532

—

29 Oct 2021

0.02473

—

30 Nov 2021

0.05359

0.02398

0.02906

0.00055

31 Dec 2021

0.02290

—

31 Jan 2022

0.02280

—

28 Feb 2022

0.02312

—

31 Mar 2022

0.02175

—

29 Apr 2022

0.02290

—

31 May 2022

0.02308

—

30 Jun 2022

0.02338

—

29 Jul 2022

0.02373

—

31 Aug 2022

0.02433

—

30 Sep 2022

0.02572

—

31 Oct 2022

0.02715

—

30 Nov 2022

0.02756

—

30 Dec 2022

0.03081

—

Fund Facts

(As of 31 Dec 2022)

Net Fund Assets

$5.3 B

Benchmark

BBG US Universal TR Value

Morningstar Category

Multisector Bond

Fund Symbol

TSICX

Share Class

Share Class Inception Date

19 Dec 2007

Number of Holdings

1012

Portfolio Turnover

27%

Distribution Frequency

Monthly

30-Day SEC Yield (Subsidized)

3.46%

30-Day SEC Yield (Unsubsidized)

3.46%

Annualized Distribution Yield

3.24%

Characteristics

Portfolio

(As of 31 Dec 2022)

Portfolio

Benchmark

Effective Duration

3.3 Yrs

5.9 Yrs

Average Effective Maturity

5.1 Yrs

8.2 Yrs

Portfolio

Benchmark

Weighted Average Coupon

3.6%

3.0%

Yield to Worst

6.3%

5.1%

Risk & Return Profile

(As of 31 Dec 2022)

10y

Beta

0.42

0.39

0.36

R-Squared (%)

46.04

44.84

36.13

Standard Deviation (%)

3.21

2.58

2.24

Sharpe Ratio

0.18

0.47

1.17

Information Ratio

0.86

0.59

Up Capture (%)

39.27

37.08

34.99

Down Capture (%)

34.46

30.74

25.21

Past performance does not guarantee future results.

Portfolio

Top Holdings

(As of 30 Nov 2022)

Name

Ticker/Symbol

Sector

Weight %

United States Treasury Note/Bond

—

Government

1.0

United States Treasury Note/Bond

—

Government

0.9

Fannie Mae Pool

—

Mortgage Securities

0.8

United States Treasury Inflation Indexed Bonds

—

Government

0.6

PRPM 2022-INV1 Trust

—

Mortgage Securities

0.6

United States Treasury Note/Bond

—

Government

0.5

United States Treasury Inflation Indexed Bonds

—

Government

0.4

New Residential Advance Receivables Trust Advance Receivables Backed Notes

64831JAA7

Asset Backed Securities

0.4

United States Treasury Inflation Indexed Bonds

—

Government

0.4

Fannie Mae Pool

—

Mortgage Securities

0.4

Download Holdings

Portfolio holdings are subject to change daily.

Exposure Breakdown

(As of 31 Dec 2022)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

Corporate

48.4

30.4

Asset Backed Securities

17.2

0.4

Cash & Cash Equivalents

10.1

—

Collateralized Mortgage Obligation

9.8

—

Treasury-Domestic

7.0

34.5

Mortgage Passthrough

4.1

23.4

Bank Loan

1.1

—

Commercial Mortgage Backed Security

0.9

1.6

Treasury-Foreign

0.7

4.4

Preferred Stock

0.6

—

Municipals

0.2

1.0

Common Stock

0.0

—

Currency Forward

-0.1

—

Sector Allocation

Fund (%)

Corporate

48.4

Asset Backed Securities

17.2

Cash & Cash Equivalents

10.1

Collateralized Mortgage Obligation

9.8

Treasury-Domestic

7.0

Mortgage Passthrough

4.1

Bank Loan

1.1

Commercial Mortgage Backed Security

0.9

Treasury-Foreign

0.7

Preferred Stock

0.6

Municipals

0.2

Common Stock

0.0

Currency Forward

-0.1

Top 10 Countries

Fund (%)

Benchmark (%)

Region

Portfolio

Benchmark

10%

20%

30%

40%

50%

60%

70%

80%

90%

United States

76.6

85.2

North America

Canada

2.1

1.5

North America

United Kingdom

1.1

1.4

France

1.0

0.7

Europe ex UK

Mexico

1.0

0.5

Latin America

Japan

0.8

Japan

China

0.8

0.5

Asia Pacific ex Japan

Australia

0.7

0.5

Asia Pacific ex Japan

Belgium

0.6

0.0

Europe ex UK

United Arab Emirates

0.5

0.3

Other

Top 10 Countries

Fund (%)

United States

76.6

Canada

2.1

United Kingdom

1.1

France

1.0

Mexico

1.0

Japan

0.8

China

0.8

Australia

0.7

Belgium

0.6

United Arab Emirates

0.5

Credit Quality

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

70%

U.S. Government

11.4

60.2

AAA

8.7

3.1

2.3

4.0

15.7

12.6

BBB

24.5

13.9

17.1

3.1

6.8

2.2

CCC

0.2

0.6

0.1

0.0

Not Rated

5.1

0.1

Cash & Cash Equivalents

8.2

—

Credit Quality

Fund (%)

U.S. Government

11.4

AAA

8.7

2.3

15.7

BBB

24.5

17.1

6.8

CCC

0.2

0.1

Not Rated

5.1

Cash & Cash Equivalents

8.2

Maturity

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

25%

30%

Year 1

13.4

0.8

Year 2

11.5

11.8

Year 3

10.9

10.8

Year 4

8.8

8.7

Year 5

8.9

9.1

Year 6

10.5

8.3

Year 7

5.7

8.2

Year 8

5.2

8.6

Year 9

4.1

5.8

Year 10+

12.9

27.9

Cash

8.2

—

Maturity

Fund (%)

Year 1

13.4

Year 2

11.5

Year 3

10.9

Year 4

8.8

Year 5

8.9

Year 6

10.5

Year 7

5.7

Year 8

5.2

Year 9

4.1

Year 10+

12.9

Cash

8.2

Holdings within the Geography breakdown are classified by country of risk as determined by MSCI and Bloomberg.

Cash includes cash and cash equivalents. Weights are percentages of total portfolio unless otherwise noted.

Percentages may not add up to 100 due to rounding.

Portfolio Managers

Lon Erickson, CFA

Portfolio Manager and Managing Director

Lon Erickson is portfolio manager for Thornburg Investment Management. He joined Thornburg in 2008 and was made portfolio manager in 2010. Lon earned a BA in business administration with a minor in economics from Illinois Wesleyan University and an MBA from the University of Chicago Booth School of Business. He is a CFA charterholder. Prior to joining Thornburg Investment Management,…

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Christian Hoffmann, CFA

Portfolio Manager and Managing Director

Christian Hoffmann is portfolio manager for Thornburg Investment Management. He joined the firm in 2012 as a fixed income securities analyst and was promoted to associate portfolio manager in 2014, then portfolio manager in 2018. Christian graduated cum laude from New York University with a BA in economics. He is also a CFA charterholder. Prior to joining Thornburg, he served…

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Jeff Klingelhofer, CFA

Co-Head of Investments and Managing Director

Jeff Klingelhofer is co-head of investments for Thornburg Investment Management. He is responsible for driving the investment process at the firm level. Jeff is also a portfolio manager on multiple strategies. He joined the firm in 2010, then was promoted to associate portfolio manager in 2012. In 2015, Jeff was made portfolio manager and managing director. Jeff earned a BA…

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Ali Hassan, CFA, FRM

Portfolio Manager and Managing Director

Ali Hassan is portfolio manager for Thornburg Investment Management. He joined the firm in 2013 as a fixed income analyst, became senior fixed income analyst in 2017 and was promoted to portfolio manager in 2021. Ali graduated from Stanford University with a BA in economics and a BS in mathematical & computational science. Prior to his joining Thornburg, Ali worked…

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Jason Brady, CFA

President and CEO

Jason Brady is president and CEO of Thornburg Investment Management. He is responsible for the company’s overall strategy and direction. He is also portfolio manager on multiple strategies. He joined the firm in 2006, was made portfolio manager and managing director in 2007, and president and CEO in 2016. His book Income Investing: An Intelligent Approach to Profiting from Bonds,…

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Literature

Fact Sheet

Commentary

Summary Prospectus

Annual Report

Semi-annual report

Prospectus

Statement of Additional Information (SAI)

Important Information

This communication is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

Investments carry risks, including possible loss of principal. Portfolios investing in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds. The value of bonds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. This effect is more pronounced for longer-term bonds. Unlike bonds, bond funds have ongoing fees and expenses. Investments in lower rated and unrated bonds may be more sensitive to default, downgrades, and market volatility; these investments may also be less liquid than higher rated bonds. Investments in derivatives are subject to the risks associated with the securities or other assets underlying the pool of securities, including illiquidity and difficulty in valuation. Investments in equity securities are subject to additional risks, such as greater market fluctuations. Additional risks may be associated with investments outside the United States, especially in emerging markets, including currency fluctuations, illiquidity, volatility, and political and economic risks. Investments in the Fund are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.

A bond credit rating assesses the financial ability of a debt issuer to make timely payments of principal and interest. Ratings of AAA (the highest), AA, A, and BBB are investment-grade quality. Ratings of BB, B, CCC, CC, C and D (the lowest) are considered below investment grade, speculative grade, or junk bonds.

The performance of any index is not indicative of the performance of any particular investment. Unless otherwise noted, index returns reflect the reinvestment of income dividends and capital gains, if any, but do not reflect fees, brokerage commissions or other expenses of investing. Investors may not make direct investments into any index.

Class R shares are limited to retirement platforms only.

Class I shares may not be available to all investors. Minimum investments for the I share class may be higher than those for other classes.

There is no guarantee that the Fund will meet its investment objectives.

To determine a fund's Morningstar Rating™, funds and other managed products with at least a three-year history are ranked in their categories by their Morningstar Risk-Adjusted Return scores. The top 10% receive 5 stars; the next 22.5%, 4 stars; the middle 35%, 3 stars; the next 22.5%, 2 stars; and the bottom 10% receive 1 star. The Risk-Adjusted Return accounts for variation in a managed product's monthly excess performance (excluding sales charges), placing more emphasis on downward variations and rewarding consistent performance. Other share classes may have different performance characteristics.

© 2022 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Please see our glossary for a definition of terms.

Thornburg mutual funds are distributed by Thornburg Securities Corporation.

Thornburg Investment Management, Inc. mutual funds are sold through investment professionals including investment advisors, brokerage firms, bank trust departments, trust companies and certain other financial intermediaries. Thornburg Securities Corporation (TSC) does not act as broker of record for investors.

“Bloomberg®” and the Bloomberg index(es) mentioned in this piece are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by Thornburg Investment Management. Bloomberg is not affiliated with Thornburg, and Bloomberg does not approve, endorse, review, or recommend Thornburg. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to Thornburg.

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Thornburg Strategic Income Fund

Portfolio Managers

Seeking to Deliver on the Promise of Income + Growth

Overview

Why Invest in This Strategy?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Lon Erickson, CFA

Christian Hoffmann, CFA

Jeff Klingelhofer, CFA

Ali Hassan, CFA, FRM

Jason Brady, CFA

Literature

Important Information

More Insights

This Year, Give the Gift of Generations

When it Comes to Investing, It’s Not Over Until the Full-Bodied Lady Sings

The Power of “May I Ask You?”

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Give Us a Call

Create an account to save this article or product.

Thornburg Strategic Income Fund

Portfolio Managers

Seeking to Deliver on the Promise of Income + Growth

Overview

Why Invest in This Strategy?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Lon Erickson, CFA

Christian Hoffmann, CFA

Jeff Klingelhofer, CFA

Ali Hassan, CFA, FRM

Jason Brady, CFA

Literature

Important Information

More Insights

This Year, Give the Gift of Generations

When it Comes to Investing, It’s Not Over Until the Full-Bodied Lady Sings

The Power of “May I Ask You?”