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Thornburg Strategic Income Fund

Morningstar Rating  • Info

Overall Morningstar Rating among 325 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, 3 stars, 3 stars and 2 stars among 325, 270 and 189 funds, as of 31 Oct 2024.

As of 31 Oct 2024
Fund Assets
$9.5 B
As of 31 Oct 2024
NAV
$11.50
As of 9 Dec 2024
Change
$-0.02
As of 9 Dec 2024
YTD NAV Performance
4.77%
As of 9 Dec 2024
Asset Category:
Global Fixed Income
Fund Benchmark:
Bloomberg U.S. Universal Index

Portfolio Managers

Portfolio Manager and Managing Director
Head of Fixed Income and Managing Director
Portfolio Manager and Managing Director

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

SI-Morningstar-Percentile-Rankings-3Q24
Overview

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.

Performance

Performance

Returns

(As of 30 Sep 2024)
YTD
1y
3y
5y
10y
Inception
Total Return with Sales Charge (%)
4.27
9.02
1.22
2.68
2.61
4.49
Total Return without Sales Charge (%)
5.27
10.02
1.22
2.68
2.61
4.49
Bloomberg U.S. Universal Index (%)
4.91
12.08
-1.05
0.70
2.15
3.30
Strategic Income Blended Index (%)
7.23
15.53
0.75
2.95
3.60
4.07
Morningstar Category Avg. (%)
6.74
12.86
1.41
2.66
3.13
Morningstar Quartile
4
3
3
3
YTD
1y
3y
5y
10y
Inception
Total Return with Sales Charge (%)
3.57
6.05
1.17
2.47
2.57
4.41
Total Return without Sales Charge (%)
4.57
7.05
1.17
2.47
2.57
4.41
Bloomberg U.S. Universal Index (%)
3.60
7.53
-1.47
0.39
1.87
3.19
Strategic Income Blended Index (%)
6.52
10.83
0.23
2.56
3.34
3.99
Morningstar Category Avg. (%)
5.55
12.9
1.08
2.33
2.94
Morningstar Quartile
4
3
3
3
YTD
1y
3y
5y
10y
Inception
Total Return with Sales Charge (%)
4.27
9.02
3.72
14.12
29.45
109.09
Total Return without Sales Charge (%)
5.27
10.02
3.72
14.12
29.45
109.09
Bloomberg U.S. Universal Index (%)
4.91
12.08
-3.12
3.57
23.73
72.33
Strategic Income Blended Index (%)
7.23
15.53
2.27
15.65
42.44
95.46
YTD
1y
3y
5y
10y
Inception
Total Return with Sales Charge (%)
3.57
6.05
3.55
12.98
28.93
107.71
Total Return without Sales Charge (%)
4.57
7.05
3.55
12.98
28.93
107.71
Bloomberg U.S. Universal Index (%)
3.60
7.53
-4.36
1.97
20.36
70.19
Strategic Income Blended Index (%)
6.52
10.83
0.68
13.45
38.87
94.17
2018
2019
2020
2021
2022
2023
Total Return with Sales Charge (%)
-1.40
5.68
6.07
0.64
-8.07
5.46
Strategic Income Blended Index (%)
-1.63
12.45
9.68
2.85
-13.87
9.04
Bloomberg U.S. Universal Index (%)
-0.25
9.29
7.58
-1.10
-12.99
6.17
Fund Fees

Fund Fees

(As of 1 Feb 2024)
Gross Expense Ratio (%)
1.77
Net Expense Ratio (%)
1.77
Hypothetical Growth of $10,000

Hypothetical Growth of $10,000

(As of 30 Nov 2024)
(Hypothetical Growth of $10,000 vs Bloomberg U.S. Universal Index)
Distributions

Distributions

(As of 29 Nov 2024)
Ex-Date
Payable Date
Total ($)
Income ($)
ST Cap Gains ($)
LT Cap Gains ($)
31 Jan 2007
31 Jan 2007
0
28 Feb 2007
28 Feb 2007
0
31 Mar 2007
31 Mar 2007
0
30 Apr 2007
30 Apr 2007
0
31 May 2007
31 May 2007
0
30 Jun 2007
30 Jun 2007
0
31 Jul 2007
31 Jul 2007
0
31 Aug 2007
31 Aug 2007
0
30 Sep 2007
30 Sep 2007
0
31 Oct 2007
31 Oct 2007
0
30 Nov 2007
30 Nov 2007
0
31 Dec 2007
31 Dec 2007
0.01388
0.01388
31 Jan 2008
31 Jan 2008
0
29 Feb 2008
29 Feb 2008
0
31 Mar 2008
31 Mar 2008
0.13923
0.13923
30 Apr 2008
30 Apr 2008
0
31 May 2008
31 May 2008
0
30 Jun 2008
30 Jun 2008
0.16588
0.16588
31 Jul 2008
31 Jul 2008
0
31 Aug 2008
31 Aug 2008
0
30 Sep 2008
30 Sep 2008
0.16969
0.16969
31 Oct 2008
31 Oct 2008
0
30 Nov 2008
30 Nov 2008
0
31 Dec 2008
31 Dec 2008
0.19344
0.19344
31 Jan 2009
31 Jan 2009
0
28 Feb 2009
28 Feb 2009
0
31 Mar 2009
31 Mar 2009
0.15787
0.15787
30 Apr 2009
30 Apr 2009
0
31 May 2009
31 May 2009
0
30 Jun 2009
30 Jun 2009
0.17166
0.17166
31 Jul 2009
31 Jul 2009
0
31 Aug 2009
31 Aug 2009
0
30 Sep 2009
30 Sep 2009
0.19179
0.19179
31 Oct 2009
31 Oct 2009
0
19 Nov 2009
19 Nov 2009
0.05056
0.04624
0.00432
30 Nov 2009
30 Nov 2009
0
31 Dec 2009
31 Dec 2009
0.20682
0.20682
31 Jan 2010
31 Jan 2010
0
28 Feb 2010
28 Feb 2010
0
31 Mar 2010
31 Mar 2010
0.00193
0.00193
30 Apr 2010
30 Apr 2010
0
31 May 2010
31 May 2010
0
30 Jun 2010
30 Jun 2010
0.00257
0.00257
31 Jul 2010
31 Jul 2010
0
31 Aug 2010
31 Aug 2010
0
30 Sep 2010
30 Sep 2010
0.00213
0.00213
31 Oct 2010
31 Oct 2010
0
19 Nov 2010
19 Nov 2010
0.28440
0.17443
0.10997
30 Nov 2010
30 Nov 2010
0
31 Dec 2010
31 Dec 2010
0.20317
0.20317
31 Jan 2011
31 Jan 2011
0
28 Feb 2011
28 Feb 2011
0
31 Mar 2011
31 Mar 2011
0.15781
0.15781
30 Apr 2011
30 Apr 2011
0
31 May 2011
31 May 2011
0
30 Jun 2011
30 Jun 2011
0.16793
0.16793
31 Jul 2011
31 Jul 2011
0
31 Aug 2011
31 Aug 2011
0
30 Sep 2011
30 Sep 2011
0.18272
0.18272
31 Oct 2011
31 Oct 2011
0
18 Nov 2011
18 Nov 2011
0.27627
0.06902
0.20725
30 Nov 2011
30 Nov 2011
0
30 Dec 2011
31 Dec 2011
0.20050
0.20050
31 Jan 2012
31 Jan 2012
0.05447
0.05447
29 Feb 2012
29 Feb 2012
0.04973
0.04973
30 Mar 2012
31 Mar 2012
0.05184
0.05184
30 Apr 2012
30 Apr 2012
0.05203
0.05203
31 May 2012
31 May 2012
0.05436
0.05436
29 Jun 2012
30 Jun 2012
0.05709
0.05709
31 Jul 2012
31 Jul 2012
0.05685
0.05685
31 Aug 2012
31 Aug 2012
0.05431
0.05431
28 Sep 2012
30 Sep 2012
0.05126
0.05126
31 Oct 2012
31 Oct 2012
0.04417
0.04417
20 Nov 2012
20 Nov 2012
0.13672
0.06761
0.06911
30 Nov 2012
30 Nov 2012
0.04939
0.04939
31 Dec 2012
31 Dec 2012
0.05423
0.05423
31 Jan 2013
31 Jan 2013
0.04918
0.04918
28 Feb 2013
28 Feb 2013
0.04468
0.04468
28 Mar 2013
31 Mar 2013
0.04405
0.04405
30 Apr 2013
30 Apr 2013
0.04428
0.04428
31 May 2013
31 May 2013
0.04908
0.04908
28 Jun 2013
30 Jun 2013
0.04690
0.04690
31 Jul 2013
31 Jul 2013
0.05175
0.05175
30 Aug 2013
31 Aug 2013
0.04928
0.04928
30 Sep 2013
30 Sep 2013
0.04945
0.04945
31 Oct 2013
31 Oct 2013
0.05152
0.05152
19 Nov 2013
19 Nov 2013
0.26972
0.11575
0.15397
29 Nov 2013
30 Nov 2013
0.04913
0.04913
31 Dec 2013
31 Dec 2013
0.04401
0.04401
31 Jan 2014
31 Jan 2014
0.03645
0.03645
28 Feb 2014
28 Feb 2014
0.03731
0.03731
31 Mar 2014
31 Mar 2014
0.03908
0.03908
30 Apr 2014
30 Apr 2014
0.03654
0.03654
30 May 2014
31 May 2014
0.03388
0.03388
30 Jun 2014
30 Jun 2014
0.04135
0.04135
31 Jul 2014
31 Jul 2014
0.03641
0.03641
29 Aug 2014
31 Aug 2014
0.03167
0.03167
30 Sep 2014
30 Sep 2014
0.03190
0.03190
31 Oct 2014
31 Oct 2014
0.02869
0.02869
19 Nov 2014
19 Nov 2014
0.15012
0.05556
0.09456
28 Nov 2014
30 Nov 2014
0.02904
0.02904
31 Dec 2014
31 Dec 2014
0.03130
0.03130
30 Jan 2015
31 Jan 2015
0.03151
0.03151
27 Feb 2015
28 Feb 2015
0.03471
0.03471
31 Mar 2015
31 Mar 2015
0.03432
0.03432
30 Apr 2015
30 Apr 2015
0.03430
0.03430
29 May 2015
31 May 2015
0.03406
0.03406
30 Jun 2015
30 Jun 2015
0.03205
0.03205
31 Jul 2015
31 Jul 2015
0.03452
0.03452
31 Aug 2015
31 Aug 2015
0.03459
0.03459
30 Sep 2015
30 Sep 2015
0.03601
0.03601
30 Oct 2015
31 Oct 2015
0.01968
0.01968
19 Nov 2015
19 Nov 2015
0.02742
0.02742
0.00000
30 Nov 2015
30 Nov 2015
0.01974
0.01974
31 Dec 2015
31 Dec 2015
0.01980
0.01980
29 Jan 2016
31 Jan 2016
0.03610
0.03610
29 Feb 2016
29 Feb 2016
0.03648
0.03648
31 Mar 2016
31 Mar 2016
0.03607
0.03607
29 Apr 2016
30 Apr 2016
0.03366
0.03366
31 May 2016
31 May 2016
0.02219
0.02219
30 Jun 2016
30 Jun 2016
0.02226
0.02226
29 Jul 2016
31 Jul 2016
0.01955
0.01955
31 Aug 2016
31 Aug 2016
0.01936
0.01936
30 Sep 2016
30 Sep 2016
0.01688
0.01688
31 Oct 2016
31 Oct 2016
0.01831
0.01831
30 Nov 2016
30 Nov 2016
0.01601
0.01601
30 Dec 2016
31 Dec 2016
0.01579
0.01579
31 Jan 2017
31 Jan 2017
0.01578
0.01578
28 Feb 2017
28 Feb 2017
0.03427
0.03427
31 Mar 2017
31 Mar 2017
0.02839
0.02839
28 Apr 2017
30 Apr 2017
0.02603
0.02603
31 May 2017
31 May 2017
0.02578
0.02578
30 Jun 2017
30 Jun 2017
0.02599
0.02599
31 Jul 2017
31 Jul 2017
0.02575
0.02575
31 Aug 2017
31 Aug 2017
0.02570
0.02570
29 Sep 2017
30 Sep 2017
0.02593
0.02593
31 Oct 2017
31 Oct 2017
0.02312
0.02312
30 Nov 2017
30 Nov 2017
0.02088
0.02088
29 Dec 2017
31 Dec 2017
0.01814
0.01814
31 Jan 2018
31 Jan 2018
0.01818
0.01818
28 Feb 2018
28 Feb 2018
0.01890
0.01890
29 Mar 2018
31 Mar 2018
0.01863
0.01863
30 Apr 2018
30 Apr 2018
0.01876
0.01876
31 May 2018
31 May 2018
0.02178
0.02178
29 Jun 2018
30 Jun 2018
0.02196
0.02196
31 Jul 2018
31 Jul 2018
0.02273
0.02273
31 Aug 2018
31 Aug 2018
0.02253
0.02253
28 Sep 2018
30 Sep 2018
0.02318
0.02318
31 Oct 2018
31 Oct 2018
0.02276
0.02276
30 Nov 2018
30 Nov 2018
0.02301
0.02301
31 Dec 2018
31 Dec 2018
0.02782
0.02782
31 Jan 2019
31 Jan 2019
0.02806
0.02806
28 Feb 2019
28 Feb 2019
0.02842
0.02842
29 Mar 2019
31 Mar 2019
0.02753
0.02753
30 Apr 2019
30 Apr 2019
0.02819
0.02819
31 May 2019
31 May 2019
0.02842
0.02842
28 Jun 2019
30 Jun 2019
0.02814
0.02814
31 Jul 2019
31 Jul 2019
0.02733
0.02733
31 Aug 2019
31 Aug 2019
0.02454
0.02454
30 Sep 2019
30 Sep 2019
0.02531
0.02531
31 Oct 2019
31 Oct 2019
0.02512
0.02512
30 Nov 2019
30 Nov 2019
0.02462
0.02462
31 Dec 2019
31 Dec 2019
0.02435
0.02435
31 Jan 2020
31 Jan 2020
0.02448
0.02448
29 Feb 2020
29 Feb 2020
0.02294
0.02294
31 Mar 2020
31 Mar 2020
0.02223
0.02223
30 Apr 2020
30 Apr 2020
0.02200
0.02200
31 May 2020
31 May 2020
0.02155
0.02155
30 Jun 2020
30 Jun 2020
0.02411
0.02411
31 Jul 2020
31 Jul 2020
0.02640
0.02640
31 Aug 2020
31 Aug 2020
0.02634
0.02634
30 Sep 2020
30 Sep 2020
0.03448
0.03448
30 Oct 2020
31 Oct 2020
0.03339
0.03339
30 Nov 2020
30 Nov 2020
0.03338
0.03338
31 Dec 2020
31 Dec 2020
0.03692
0.03692
29 Jan 2021
31 Jan 2021
0.03659
0.03659
26 Feb 2021
28 Feb 2021
0.03587
0.03587
31 Mar 2021
31 Mar 2021
0.03408
0.03408
30 Apr 2021
30 Apr 2021
0.03282
0.03282
28 May 2021
31 May 2021
0.02867
0.02867
30 Jun 2021
30 Jun 2021
0.02570
0.02570
30 Jul 2021
31 Jul 2021
0.02512
0.02512
31 Aug 2021
31 Aug 2021
0.02517
0.02517
30 Sep 2021
30 Sep 2021
0.02532
0.02532
29 Oct 2021
31 Oct 2021
0.02473
0.02473
18 Nov 2021
18 Nov 2021
0.02961
0.02906
0.00055
30 Nov 2021
30 Nov 2021
0.02398
0.02398
31 Dec 2021
31 Dec 2021
0.02290
0.02290
31 Jan 2022
31 Jan 2022
0.02280
0.02280
28 Feb 2022
28 Feb 2022
0.02312
0.02312
31 Mar 2022
31 Mar 2022
0.02175
0.02175
29 Apr 2022
30 Apr 2022
0.02290
0.02290
31 May 2022
31 May 2022
0.02308
0.02308
30 Jun 2022
30 Jun 2022
0.02338
0.02338
29 Jul 2022
31 Jul 2022
0.02373
0.02373
31 Aug 2022
31 Aug 2022
0.02433
0.02433
30 Sep 2022
30 Sep 2022
0.02572
0.02572
31 Oct 2022
31 Oct 2022
0.02715
0.02715
30 Nov 2022
30 Nov 2022
0.02756
0.02756
30 Dec 2022
31 Dec 2022
0.03081
0.03081
31 Jan 2023
31 Jan 2023
0.03087
0.03087
28 Feb 2023
28 Feb 2023
0.03149
0.03149
31 Mar 2023
31 Mar 2023
0.03073
0.03073
28 Apr 2023
30 Apr 2023
0.03063
0.03063
31 May 2023
31 May 2023
0.03112
0.03112
30 Jun 2023
30 Jun 2023
0.03208
0.03208
31 Jul 2023
31 Jul 2023
0.03497
0.03497
31 Aug 2023
31 Aug 2023
0.03284
0.03284
29 Sep 2023
30 Sep 2023
0.03380
0.03380
31 Oct 2023
31 Oct 2023
0.03441
0.03441
30 Nov 2023
30 Nov 2023
0.03452
0.03452
29 Dec 2023
31 Dec 2023
0.03499
0.03499
31 Jan 2024
31 Jan 2024
0.03487
0.03487
29 Feb 2024
29 Feb 2024
0.03459
0.03459
28 Mar 2024
31 Mar 2024
0.03365
0.03365
30 Apr 2024
30 Apr 2024
0.03384
0.03384
31 May 2024
31 May 2024
0.03416
0.03416
28 Jun 2024
30 Jun 2024
0.03654
0.03654
31 Jul 2024
31 Jul 2024
0.04000
0.04000
30 Aug 2024
31 Aug 2024
0.03992
0.03992
30 Sep 2024
30 Sep 2024
0.04080
0.04080
31 Oct 2024
31 Oct 2024
0.04104
0.04104
29 Nov 2024
30 Nov 2024
0.04140
0.04140
Fund Facts

Fund Facts

(As of 31 Oct 2024)
Net Fund Assets
$9.5 B
Benchmark
Bloomberg U.S. Universal Index
Morningstar Category
Multisector Bond
Fund Symbol
TSICX
Share Class
C
Share Class Inception Date
19 Dec 2007
Number of Holdings
1163
Portfolio Turnover
60%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized)
3.43%
30-Day SEC Yield (Unsubsidized)
3.43%
Annualized Distribution Yield
4.32%
Characteristics

Characteristics

Portfolio

(As of 31 Oct 2024)
Portfolio
Benchmark
Effective Duration
4.1 Yrs
5.9 Yrs
Average Effective Maturity
5.4 Yrs
8.1 Yrs
Portfolio
Benchmark
Weighted Average Coupon
4.1%
3.7%
Yield to Worst
5.7%
4.9%
Risk & Return Profile

Risk & Return Profile

(As of 31 Oct 2024)
3y
5y
10y
Beta
0.58
0.65
0.61
R-Squared (%)
93.26
64.02
53.05
Standard Deviation (%)
4.53
5.12
4.08
Sharpe Ratio
-0.42
0.21
0.45
Information Ratio
1.11
0.88
0.51
Up Capture (%)
70.48
84.87
80.04
Down Capture (%)
43.54
46.34
42.22
Portfolio

Portfolio

Top Holdings

(As of 31 Oct 2024)
Name
Ticker/Symbol
Weight %
United States Treasury Note/Bond
91282CEP2
1.8
United States Treasury Note/Bond
91282CFF3
1.7
Fannie Mae Pool
3140XMY42
1.3
United States Treasury Inflation Indexed Bonds
91282CJY8
1.2
United States Treasury Inflation Indexed Bonds
912810PV4
1.2
Fannie Mae Pool
3140XMZX7
1.1
Freddie Mac Pool
3132E0T93
1.0
United States Treasury Note/Bond
91282CLF6
1.0
United States Treasury Note/Bond
91282CJJ1
1.0
Freddie Mac Pool
3132E0T85
0.9
Exposure Breakdown

Exposure Breakdown

(As of 31 Oct 2024)
Sector Allocation
Fund (%)
Benchmark (%)

Fund

Benchmark

0%
10%
20%
30%
40%
50%
Corporate
40.8
30.4
Treasury-Domestic
14.7
37.4
Collateralized Mortgage Obligation
12.4
Asset Backed Securities
10.5
0.4
Mortgage Passthrough
9.9
21.6
Cash & Cash Equivalents
5.3
Commercial Mortgage Backed Security
3.0
1.3
Treasury-Foreign
1.7
4.5
Bank Loan
0.9
Preferred Stock
0.7
Municipals
0.0
0.8
Currency Forward
0.0
Sector Allocation
Fund (%)
Corporate
40.8
Treasury-Domestic
14.7
Collateralized Mortgage Obligation
12.4
Asset Backed Securities
10.5
Mortgage Passthrough
9.9
Cash & Cash Equivalents
5.3
Commercial Mortgage Backed Security
3.0
Treasury-Foreign
1.7
Bank Loan
0.9
Preferred Stock
0.7
Municipals
0.0
Currency Forward
0.0
Top 10 Countries
Fund (%)
Benchmark (%)
Region

Portfolio

Benchmark

0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
United States
86.8
85.7
North America
Canada
1.7
1.5
North America
Mexico
1.0
0.5
Latin America
United Kingdom
0.8
1.3
UK
Brazil
0.8
0.1
Latin America
Japan
0.7
0.8
Japan
Australia
0.7
0.4
Asia Pacific ex Japan
DOM
0.7
0.1
Other
United Arab Emirates
0.6
0.4
Other
China
0.6
0.3
Asia Pacific ex Japan
Top 10 Countries
Fund (%)
United States
86.8
Canada
1.7
Mexico
1.0
United Kingdom
0.8
Brazil
0.8
Japan
0.7
Australia
0.7
DOM
0.7
United Arab Emirates
0.6
China
0.6
Credit Quality
Fund (%)
Benchmark (%)

Fund

Benchmark

0%
10%
20%
30%
40%
50%
60%
U.S. Government
27.5
59.9
AAA
10.8
2.9
AA
2.5
5.0
A
11.7
13.0
BBB
22.0
13.3
BB
12.0
3.1
B
3.8
2.0
CCC
0.1
0.7
D
0.0
0.0
Not Rated
4.4
0.1
Cash & Cash Equivalents
5.3
Credit Quality
Fund (%)
U.S. Government
27.5
AAA
10.8
AA
2.5
A
11.7
BBB
22.0
BB
12.0
B
3.8
CCC
0.1
D
0.0
Not Rated
4.4
Cash & Cash Equivalents
5.3
Maturity
Fund (%)
Benchmark (%)

Fund

Benchmark

0%
5%
10%
15%
20%
25%
30%
Year 1
10.2
1.2
Year 2
9.3
12.7
Year 3
9.1
10.4
Year 4
14.2
9.6
Year 5
10.8
11.3
Year 6
5.8
6.3
Year 7
4.3
7.5
Year 8
6.6
6.3
Year 9
3.8
7.5
Year 10+
20.5
27.3
Cash
5.3
Maturity
Fund (%)
Year 1
10.2
Year 2
9.3
Year 3
9.1
Year 4
14.2
Year 5
10.8
Year 6
5.8
Year 7
4.3
Year 8
6.6
Year 9
3.8
Year 10+
20.5
Cash
5.3
Portfolio Managers

Portfolio Managers

Lon Erickson, CFA

Lon Erickson, CFA

Portfolio Manager and Managing Director
Lon Erickson is portfolio manager for Thornburg Investment Management. He joined Thornburg in 2008 and was named a managing director and was promoted to portfolio manager in 2010. Prior to joining Thornburg Investment Management, Lon spent almost 11 years as an analyst for State Farm Insurance in the equity and corporate bond departments. Lon earned a bachelor’s degree in business…
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Christian Hoffmann, CFA

Christian Hoffmann, CFA

Head of Fixed Income and Managing Director
Christian Hoffmann is head of fixed income and a portfolio manager for Thornburg Investment Management. He joined the firm in 2012 as a fixed income analyst and was promoted to associate portfolio manager in 2014. Christian was named a managing director in 2017, was promoted to portfolio manager in 2018, and to head of fixed income in 2024. Prior to…
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Ali Hassan, CFA, FRM

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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