Give Us a Call

Fund Operations
800.847.0200

FIND ANOTHER CONTACT

Create an account to save this article or product.

Save stories, literature, and products to your
personalized dashboard and access them
anytime, anywhere.

Already have a Thornburg.com account? Log In

Thornburg Strategic Income Fund (UCITS)

SYMBOL: THSIIAU ID

Morningstar Rating • Info

Overall Morningstar Rating among 670 EAA Fund Global Flexible Bond funds, based on risk-adjusted returns for class I Acc shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 3 stars, 4 stars and 4 stars among 670, 550 and 249 funds, as of 31 Jan 2026.

As of 31 Jan 2026

Fund Assets

$95.9 M

As of 31 Dec 2025

NAV

$13.21

As of 10 Feb 2026

Change

$0.03

As of 10 Feb 2026

YTD NAV Performance

0.84%

As of 10 Feb 2026

Asset Category:

Global Fixed Income

Fund Benchmark:

Bloomberg U.S. Universal Index

Portfolio Managers

Lon Erickson, CFA

Portfolio Manager and Managing Director

Christian Hoffmann, CFA

Head of Fixed Income and Managing Director

Ali Hassan, CFA, FRM

Portfolio Manager and Managing Director

All share classes may not be available in all jurisdictions.

Overview Fund Facts Performance Characteristics Portfolio Portfolio Managers Literature

Overview

Overview

Why Invest in This Fund?

Highly active and flexible approach – Designed to deliver attractive risk-adjusted returns by investing across sectors, credit qualities, and geographies within the global fixed income market.
Proven bottom-up fundamental process – Anchored in deep credit research to uncover what we believe are the most compelling opportunities based on relative value.
Opportunistic, multi-sector bond strategy – Seeks to outperform traditional core fixed income strategies with only modestly higher risk through selective, risk-aware positioning.

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 takes a flexible, opportunistic approach to global fixed income, implementing deep bottom-up credit research to uncover the most compelling relative value opportunities. Grounded in a disciplined, conservative philosophy, the strategy maintains a generally defensive posture to protect capital, seeking to participate in the upside while limiting the downside. The strategy also rotates into areas where fundamentals remain strong but valuations are dislocated, aiming to deliver consistent, risk-adjusted returns over time.

Related Content

Investor Advice

Beyond the Hype—Building Smarter Private Credit Portfolios

Economy

Finding Opportunity Amid Imbalance: 2026 Market Outlook

Outlook

2026 Fixed Income Outlook: Uncertainty Is High, but the Margin for Error Isn’t

Fund Facts

Fund Facts

(As of 31 Dec 2025)

Net Fund Assets

$95.9 M

Benchmark

Bloomberg U.S. Universal Index

Morningstar Category

EAA Fund Global Flexible Bond

Distribution Frequency

N/A

SFDR

Article 8

Minimum Investment

$1,000,000

Ongoing Charges

0.75%

Management Fee

0.60%

Share Class

I Acc

Share Class Inception Date

28 Dec 2018

Fund Inception Date

28 Dec 2018

Bloomberg Ticker

THSIIAU ID

ISIN

IE00BGPKTH65

Cusip

G8850P424

SEDOL

BGPKTH6

Performance

Performance

Returns

Name,Total Return (%),Bloomberg U.S. Universal Index (%),Bloomberg Global Aggregate Index (%)
2019,7.4,9.3,6.8
2020,7.6,7.6,9.2
2021,2.2,-1.1,-4.7
2022,-8.0,-13.0,-16.3
2023,8.2,6.2,5.7
2024,4.0,2.0,-1.7
2025,7.1,7.6,8.2

2019

2020

2021

2022

2023

2024

2025

Total Return (%)

7.40

7.64

2.16

-7.96

8.19

4.00

7.11

Bloomberg U.S. Universal Index (%)

9.29

7.58

-1.10

-12.99

6.17

2.04

7.58

Bloomberg Global Aggregate Index (%)

6.84

9.20

-4.71

-16.25

5.72

-1.69

8.17

Name,Total Return (%),Bloomberg U.S. Universal Index (%),Bloomberg Global Aggregate Index (%)
YTD,7.1,7.6,8.2
1y,7.1,7.6,8.2
3y,6.4,5.2,4.0
5y,2.5,0.1,-2.2
10y,0.0,0.0,0.0
Inception,3.9,2.4,0.7

YTD

1y

3y

5y

Inception

Total Return (%)

7.11

7.11

6.42

2.53

3.93

Bloomberg U.S. Universal Index (%)

7.58

7.58

5.24

0.06

2.41

Bloomberg Global Aggregate Index (%)

8.17

8.17

3.98

-2.15

0.69

Morningstar Category Avg. (%)

11.93

11.93

6.83

0.88

—

Morningstar Quartile

—

4

3

2

—

Morningstar Quartile # of Funds

—

785

676

546

—

Name,Total Return (%),Bloomberg U.S. Universal Index (%),Bloomberg Global Aggregate Index (%)
YTD,0.4,0.2,0.9
1y,6.7,7.1,8.6
3y,5.7,4.2,3.2
5y,2.6,0.2,-1.8
10y,0.0,0.0,0.0
Inception,3.9,2.4,0.8

YTD

1y

3y

5y

Inception

Total Return (%)

0.38

6.74

5.65

2.58

3.94

Bloomberg U.S. Universal Index (%)

0.15

7.10

4.22

0.21

2.40

Bloomberg Global Aggregate Index (%)

0.93

8.56

3.19

-1.79

0.81

Morningstar Category Avg. (%)

11.93

11.93

6.83

0.88

—

Morningstar Quartile

—

4

3

2

—

Morningstar Quartile # of Funds

—

782

670

550

—

Name,Total Return (%),Bloomberg U.S. Universal Index (%),Bloomberg Global Aggregate Index (%)
YTD,7.1,7.6,8.2
1y,7.1,7.6,8.2
3y,20.5,16.6,12.4
5y,13.3,0.3,-10.3
10y,0.0,0.0,0.0
Inception,31.0,18.2,4.9

YTD

1y

3y

5y

Inception

Total Return (%)

7.11

7.11

20.52

13.32

31.00

Bloomberg U.S. Universal Index (%)

7.58

7.58

16.55

0.29

18.18

Bloomberg Global Aggregate Index (%)

8.17

8.17

12.42

-10.28

4.92

Name,Total Return (%),Bloomberg U.S. Universal Index (%),Bloomberg Global Aggregate Index (%)
YTD,0.4,0.2,0.9
1y,6.7,7.1,8.6
3y,17.9,13.2,9.9
5y,13.6,1.1,-8.6
10y,0.0,0.0,0.0
Inception,31.5,18.4,5.9

YTD

1y

3y

5y

Inception

Total Return (%)

0.38

6.74

17.94

13.56

31.50

Bloomberg U.S. Universal Index (%)

0.15

7.10

13.22

1.08

18.36

Bloomberg Global Aggregate Index (%)

0.93

8.56

9.86

-8.63

5.90

Periods less than one year are not annualized.

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.

Source: Confluence

Morningstar quartile ranking for EAA Fund Global Flexible Bond category is based on total returns before sales charges.

Performance data shown does not reflect the deduction of any applicable sales charges, including initial sales charges or contingent deferred sales charges (CDSCS).

Share class inception dates: A Acc shares, C Acc shares, I Acc shares, A Dist shares, 28 Dec 2018; I Dist shares, 12 Jun 2021; X Acc shares 10 Jun 21.

Click here for PRIIPS Performance Risk Scenario information.

Hypothetical Growth of $10,000

            Categories,I Shares,Bloomberg U.S. Universal Index
            2018-12-28,10000,10000
2018-12-31,10000,10023
2019-01-31,10120,10161
2019-02-28,10170,10172
2019-03-31,10290,10356
2019-04-30,10340,10370
2019-05-31,10390,10529
2019-06-30,10500,10678
2019-07-31,10540,10710
2019-08-31,10620,10952
2019-09-30,10630,10905
2019-10-31,10660,10940
2019-11-30,10670,10938
2019-12-31,10740,10954
2020-01-31,10820,11151
2020-02-29,10850,11318
2020-03-31,10210,11096
2020-04-30,10530,11319
2020-05-31,10760,11424
2020-06-30,10960,11520
2020-07-31,11180,11722
2020-08-31,11250,11655
2020-09-30,11270,11634
2020-10-31,11280,11592
2020-11-30,11450,11743
2020-12-31,11560,11784
2021-01-31,11580,11710
2021-02-28,11590,11559
2021-03-31,11570,11424
2021-04-30,11650,11520
2021-05-31,11690,11564
2021-06-30,11750,11648
2021-07-31,11810,11765
2021-08-31,11820,11758
2021-09-30,11810,11657
2021-10-31,11780,11648
2021-11-30,11740,11662
2021-12-31,11810,11654
2022-01-31,11630,11398
2022-02-28,11460,11243
2022-03-31,11320,10941
2022-04-30,11060,10533
2022-05-31,11070,10591
2022-06-30,10740,10380
2022-07-31,11030,10640
2022-08-31,10890,10364
2022-09-30,10600,9917
2022-10-31,10640,9809
2022-11-30,10860,10174
2022-12-31,10870,10140
2023-01-31,11150,10454
2023-02-28,11030,10197
2023-03-31,11200,10437
2023-04-30,11230,10500
2023-05-31,11200,10391
2023-06-30,11240,10375
2023-07-31,11320,10386
2023-08-31,11320,10323
2023-09-30,11220,10077
2023-10-31,11120,9925
2023-11-30,11470,10372
2023-12-31,11760,10766
2024-01-31,11780,10740
2024-02-29,11730,10611
2024-03-31,11840,10715
2024-04-30,11670,10465
2024-05-31,11820,10638
2024-06-30,11920,10736
2024-07-31,12150,10979
2024-08-31,12290,11141
2024-09-30,12430,11294
2024-10-31,12250,11037
2024-11-30,12350,11154
2024-12-31,12230,10985
2025-01-31,12320,11051
2025-02-28,12520,11280
2025-03-31,12530,11277
2025-04-30,12610,11317
2025-05-31,12590,11260
2025-06-30,12740,11435
2025-07-31,12740,11419
2025-08-31,12870,11556
2025-09-30,12970,11678
2025-10-31,13040,11755
2025-11-30,13110,11826
2025-12-31,13100,11818
2026-01-31,13150,11836

Hypothetical Growth of $10,000

(As of 31 Jan 2026)

(Hypothetical Growth of $10,000 vs Bloomberg U.S. Universal Index)

                        Categories,I Shares,Bloomberg U.S. Universal Index
                        2025-01-31,10000,10000
2025-02-28,10162,10207
2025-03-31,10170,10204
2025-04-30,10235,10240
2025-05-31,10219,10188
2025-06-30,10341,10347
2025-07-31,10341,10332
2025-08-31,10446,10457
2025-09-30,10528,10567
2025-10-31,10584,10637
2025-11-30,10641,10701
2025-12-31,10633,10694
2026-01-31,10674,10710

                        Categories,I Shares,Bloomberg U.S. Universal Index
                        2023-01-31,10000,10000
2023-02-28,9892,9754
2023-03-31,10045,9983
2023-04-30,10072,10044
2023-05-31,10045,9940
2023-06-30,10081,9925
2023-07-31,10152,9934
2023-08-31,10152,9875
2023-09-30,10063,9639
2023-10-31,9973,9494
2023-11-30,10287,9921
2023-12-31,10547,10298
2024-01-31,10565,10273
2024-02-29,10520,10150
2024-03-31,10619,10250
2024-04-30,10466,10010
2024-05-31,10601,10176
2024-06-30,10691,10269
2024-07-31,10897,10502
2024-08-31,11022,10657
2024-09-30,11148,10803
2024-10-31,10987,10558
2024-11-30,11076,10669
2024-12-31,10969,10508
2025-01-31,11049,10571
2025-02-28,11229,10790
2025-03-31,11238,10787
2025-04-30,11309,10825
2025-05-31,11291,10770
2025-06-30,11426,10938
2025-07-31,11426,10923
2025-08-31,11543,11054
2025-09-30,11632,11171
2025-10-31,11695,11245
2025-11-30,11758,11312
2025-12-31,11749,11305
2026-01-31,11794,11322

                        Categories,I Shares,Bloomberg U.S. Universal Index
                        2021-01-31,10000,10000
2021-02-28,10009,9871
2021-03-31,9991,9756
2021-04-30,10060,9838
2021-05-31,10095,9876
2021-06-30,10147,9948
2021-07-31,10199,10048
2021-08-31,10207,10041
2021-09-30,10199,9955
2021-10-31,10173,9947
2021-11-30,10138,9959
2021-12-31,10199,9952
2022-01-31,10043,9734
2022-02-28,9896,9601
2022-03-31,9775,9344
2022-04-30,9551,8995
2022-05-31,9560,9045
2022-06-30,9275,8864
2022-07-31,9525,9087
2022-08-31,9404,8851
2022-09-30,9154,8469
2022-10-31,9188,8376
2022-11-30,9378,8689
2022-12-31,9387,8659
2023-01-31,9629,8928
2023-02-28,9525,8708
2023-03-31,9672,8913
2023-04-30,9698,8967
2023-05-31,9672,8874
2023-06-30,9706,8860
2023-07-31,9775,8869
2023-08-31,9775,8816
2023-09-30,9689,8606
2023-10-31,9603,8476
2023-11-30,9905,8858
2023-12-31,10155,9194
2024-01-31,10173,9172
2024-02-29,10130,9062
2024-03-31,10225,9151
2024-04-30,10078,8937
2024-05-31,10207,9085
2024-06-30,10294,9168
2024-07-31,10492,9376
2024-08-31,10613,9514
2024-09-30,10734,9645
2024-10-31,10579,9426
2024-11-30,10665,9525
2024-12-31,10561,9381
2025-01-31,10639,9438
2025-02-28,10812,9633
2025-03-31,10820,9631
2025-04-30,10889,9665
2025-05-31,10872,9616
2025-06-30,11002,9765
2025-07-31,11002,9751
2025-08-31,11114,9869
2025-09-30,11200,9973
2025-10-31,11261,10039
2025-11-30,11321,10100
2025-12-31,11313,10093
2026-01-31,11356,10108

The performance data quoted represents past performance; it does not guarantee future results.

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.

Since the Fund has a limited performance history, data for the Thornburg Strategic Income Fund, a U.S. mutual fund, is shown. Although the Fund is managed by the same investment team and utilizes a similar investment process as the U.S. mutual fund, the performance and portfolio composition of the Fund may differ due to UCITS regulations.

Characteristics

Characteristics

Portfolio

(As of 31 Dec 2025)

Portfolio

Benchmark

Number of Holdings

419

—

Effective Duration

3.9 Yrs

5.7 Yrs

Average Effective Maturity

5.0 Yrs

7.9 Yrs

Portfolio

Benchmark

Weighted Average Coupon

4.1%

4.0%

Yield to Worst

4.9%

4.5%

Risk & Return Profile

Risk & Return Profile

(As of 31 Dec 2025)

3y

5y

Beta

0.64

0.65

R-Squared (%)

96.79

89.35

Standard Deviation (%)

3.71

4.27

Sharpe Ratio

0.40

-0.17

Information Ratio

0.59

0.99

Tracking Error (%)

2.19

2.56

Up Capture (%)

80.53

77.27

Down Capture (%)

40.79

47.08

Past performance does not guarantee future results.

Risk & Return Profile metrics are based on the I Accumulating share class.

Portfolio

Portfolio

Top Holdings

(As of 31 Dec 2025)

Name

Ticker/Symbol

Weight %

United States Treasury Note/Bond

91282CPJ4

8.3

Freddie Mac Pool

3132DU5J2

3.1

United States Treasury Strip Coupon

912834MT2

2.8

Freddie Mac Pool

31427MKG5

1.8

Ginnie Mae II Pool

36179W7K8

1.5

United States Treasury Inflation Indexed Bonds

91282CML2

1.4

United States Treasury Inflation Indexed Bonds

91282CNB3

1.3

United States Treasury Note/Bond

912810UF3

0.9

Ginnie Mae II Pool

36179WR34

0.7

Fannie Mae Pool

3140Q0DR0

0.5

Download Holdings

Portfolio holdings are subject to change daily.

Exposure Breakdown

Exposure Breakdown

(As of 31 Dec 2025)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

0%

10%

20%

30%

40%

50%

Corporate Bond

43.3

29.9

Collateralized Mortgage Obligation

15.3

—

Treasury Domestic

15.0

39.0

Mortgage Passthrough

10.0

20.7

Asset Backed Securities

6.8

0.4

Short-Term Investments, Other Assets & Liabilities

5.3

—

Commercial Mortgage Backed Security

1.3

1.3

Treasury-Foreign

1.2

4.7

Loan Participation

1.2

—

Preferred Stock

0.6

—

Municipals

0.0

0.9

Currency Forward

0.0

—

Sector Allocation

Fund (%)

Corporate Bond

43.3

Collateralized Mortgage Obligation

15.3

Treasury Domestic

15.0

Mortgage Passthrough

10.0

Asset Backed Securities

6.8

Short-Term Investments, Other Assets & Liabilities

5.3

Commercial Mortgage Backed Security

1.3

Treasury-Foreign

1.2

Loan Participation

1.2

Preferred Stock

0.6

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

89.3

86.2

North America

Canada

1.9

1.4

North America

Mexico

1.2

0.5

Latin America

Saudi Arabia

0.9

0.3

Other

United Kingdom

0.6

1.2

UK

Germany

0.6

0.3

Europe ex UK

Australia

0.6

0.4

Asia Pacific ex Japan

Turkey

0.5

0.3

Europe ex UK

Italy

0.5

0.1

Europe ex UK

United Arab Emirates

0.4

0.3

Other

Top 10 Countries

Fund (%)

United States

89.3

Canada

1.9

Mexico

1.2

Saudi Arabia

0.9

United Kingdom

0.6

Germany

0.6

Australia

0.6

Turkey

0.5

Italy

0.5

United Arab Emirates

0.4

Credit Quality

Fund (%)

Benchmark (%)

Fund

Benchmark

0%

10%

20%

30%

40%

50%

60%

70%

U.S. Government

31.3

60.7

AAA

11.9

2.5

AA

2.6

5.4

A

8.9

11.9

BBB

21.7

12.9

BB

13.3

3.3

B

2.9

2.2

CCC

0.1

0.9

D

0.1

0.0

Not Rated

1.8

0.1

Short-Term Investments, Other Assets & Liabilities

5.3

—

Credit Quality

Fund (%)

U.S. Government

31.3

AAA

11.9

AA

2.6

A

8.9

BBB

21.7

BB

13.3

B

2.9

CCC

0.1

D

0.1

Not Rated

1.8

Short-Term Investments, Other Assets & Liabilities

5.3

Maturity

Fund (%)

Benchmark (%)

Fund

Benchmark

0%

5%

10%

15%

20%

25%

30%

Year 1

17.8

1.6

Year 2

9.9

12.2

Year 3

9.1

12.4

Year 4

10.4

10.1

Year 5

9.5

11.2

Year 6

5.6

6.5

Year 7

3.8

7.1

Year 8

2.3

5.5

Year 9

1.2

7.0

Year 10+

24.9

26.7

Short-Term Investments, Other Assets & Liabilities

5.3

—

Maturity

Fund (%)

Year 1

17.8

Year 2

9.9

Year 3

9.1

Year 4

10.4

Year 5

9.5

Year 6

5.6

Year 7

3.8

Year 8

2.3

Year 9

1.2

Year 10+

24.9

Short-Term Investments, Other Assets & Liabilities

5.3

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

Portfolio holdings are subject to change daily.

Weights are percentages of the total portfolio unless otherwise noted.

May not add up to 100% due to rounding.

Short-Term Investments, Other Assets & Liabilities includes cash, short-term securities, other assets less liabilities, accruals, derivatives and forwards. It may also include investments in money market or similar funds managed by Thornburg that are not offered to the public.

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. Credit quality ratings use the highest rating available from either S&P Global Ratings or Moody's Investors Service. Unrated securities are evaluated by the firm using available data and their own analysis that may be similar to that of a nationally recognized rating agency; however, such determination is not equivalent to a national agency credit rating. "NR" = Not Rated.

Portfolio Managers

Portfolio Managers

Lon Erickson, CFA

Lon Erickson, CFA

Portfolio Manager and Managing Director

Lon Erickson is a 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…

Learn More

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…

Learn More

Ali Hassan, CFA, FRM

Ali Hassan, CFA, FRM

Portfolio Manager and Managing Director

Ali Hassan is a 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…

Learn More

Literature

Fact Sheet - EN

Fact Sheet - ES

Commentary - EN

Commentary - ES

Prospectus Supplement

Operational Facts

Prospectus

Annual Report

Semi-Annual Report

Article 10 Transparency Statement

Transparency Statement Translations

Article 10 Transparency Statement (Danish)
Article 10 Transparency Statement (Dutch)
Article 10 Transparency Statement (German)
Article 10 Transparency Statement (Italian)
Article 10 Transparency Statement (Spanish)
Article 10 Transparency Statement (Swedish)

Related Content

Investor Advice

Beyond the Hype—Building Smarter Private Credit Portfolios

Economy

Finding Opportunity Amid Imbalance: 2026 Market Outlook

Outlook

2026 Fixed Income Outlook: Uncertainty Is High, but the Margin for Error Isn’t

More Insights

Investor Advice

Beyond the Hype—Building Smarter Private Credit Portfolios

Private credit’s growth to $2T brings new risks. Learn where to find better risk adjusted returns—and how to navigate cov-lite, redemption pressure, and mega fund concentration.

Markets & Economy

Structural Forces are Driving the Current Investment Environment

The current investment environment is primarily being shaped by three structural forces—disruption, decoupling, and dislocation—amid a weakening US dollar.

Markets & Economy

Finding Opportunity Amid Imbalance: 2026 Market Outlook

Entering 2026, markets appear imbalanced, with equity returns becoming increasingly concentrated, while fixed income offers asymmetric outcomes with limited downside protection. Opportunity still exists, just not where it’s most crowded. In 30 minutes, we cut through the noise and focus on what’s working, what’s changing, and where to position client portfolios now.

Markets & Economy

Will the Real Kevin Warsh Please Stand Up?

Short‑term calm may lead to long‑term volatility: A seeming hawk‑turned‑dove now confronts a labor market and inflation backdrop that remain far from ideal.

Image of a metal mesh framework artistically warped into a honeycomb walkway in the city to describe Outlook 2023

Markets & Economy

FOMC Update: Fed Holds Rates Steady After Three Successive Cuts

Ali Hassan shares his perspective on the Fed’s stance and the potential impact of monetary policy.

Outlook

2026 Global Equity Outlook: International Equities Remain the Asymmetric Opportunity

Many themes that were top of mind in 2025 remain highly relevant in 2026, including the somewhat surprising resilience in the U.S. and most economies worldwide.

Cookies Preference Center

Strictly Necessary Cookies
Whilst these cookies cannot be turned off (as they are needed to run our website securely), they do not store any personal data about you. If you are reluctant to accept use of them, we advise you navigate away from this website.
Statistics Cookies
These cookies gather information about how you use our website, for example which pages you visit most often. The information collected is completely anonymous and used only for the purpose of improving user experience for our website visitors.
Marketing Cookies
These cookies gather information about your browsing habits and allow us to better understand your interests. They remember that you've visited our website and share this information with our partners, such as advertisers.
Preferences Cookies
These cookies allow our website to remember the choices you make (such as language or location selection) and tailor the experience to provide enhanced features and relevant content for you.