THSIADU ID
Thornburg Strategic Income Fund (UCITS)
Morningstar Rating • Info
Overall Morningstar Rating among 641 EAA Fund Global Flexible Bond funds, based on risk-adjusted returns for class A Dist shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 2 stars, 4 stars and 4 stars among 641, 550 and 263 funds, as of 31 Aug 2026.
As of 31 Aug 2026
Fund Assets
$84.4 M
As of 31 Aug 2026
NAV
$9.58
As of 17 Sep 2026
Change
$0.03
As of 17 Sep 2026
YTD NAV Performance
-0.06%
As of 17 Sep 2026
Asset Category:
Global Fixed Income
Fund Benchmark:
Bloomberg U.S. Universal Index
Portfolio Managers
Portfolio Manager and Managing Director
Head of Fixed Income, Portfolio Manager and Managing Director
Portfolio Manager and Managing Director
All share classes may not be available in all jurisdictions.
Overview
Fund Facts
Fund Facts
(As of 31 Aug 2026)Net Fund Assets
$84.4 M
Benchmark
Bloomberg U.S. Universal Index
Morningstar Category
EAA Fund Global Flexible Bond
Distribution Frequency
Monthly
SFDR
Article 8
Minimum Investment
$1,000
Ongoing Charges
1.45%
Management Fee
1.20%
Share Class
A Dist
Share Class Inception Date
28 Dec 2018
Fund Inception Date
28 Dec 2018
Bloomberg Ticker
THSIADU ID
ISIN
IE00BGPKTD28
Cusip
G8850P341
SEDOL
BGPKTD2
Performance
Performance
Returns
(As of 30 Jun 2026)2019
2020
2021
2022
2023
2024
2025
Total Return (%)
6.60
6.82
1.36
-8.61
7.36
3.20
6.36
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
Hypothetical Growth of $10,000
Hypothetical Growth of $10,000
(As of 31 Aug 2026)
(Hypothetical Growth of $10,000 vs Bloomberg U.S. Universal Index)
Distributions
Distributions
(As of 3 Sep 2026)Ex-Date
Payable Date
Total ($)
Income ($)
ST Cap Gains ($)
LT Cap Gains ($)
6 Feb 2019
31 Jan 2019
0.01051
0.01051
—
—
5 Mar 2019
28 Feb 2019
0.01641
0.01641
—
—
3 Apr 2019
31 Mar 2019
0.02116
0.02116
—
—
3 May 2019
30 Apr 2019
0.01890
0.01890
—
—
3 Jun 2019
31 May 2019
0.02607
0.02607
—
—
3 Jul 2019
30 Jun 2019
0.02282
0.02282
—
—
6 Aug 2019
31 Jul 2019
0.02415
0.02415
—
—
5 Sep 2019
31 Aug 2019
0.02482
0.02482
—
—
1 Oct 2019
30 Sep 2019
0.01830
0.01830
—
—
5 Nov 2019
31 Oct 2019
0.02078
0.02078
—
—
4 Dec 2019
30 Nov 2019
0.02078
0.02078
—
—
6 Jan 2020
31 Dec 2019
0.02144
0.02144
—
—
5 Feb 2020
31 Jan 2020
0.02132
0.02132
—
—
4 Mar 2020
29 Feb 2020
0.02482
0.02482
—
—
3 Apr 2020
31 Mar 2020
0.01970
0.01970
—
—
6 May 2020
30 Apr 2020
0.02398
0.02398
—
—
4 Jun 2020
31 May 2020
0.02513
0.02513
—
—
6 Jul 2020
30 Jun 2020
0.02431
0.02431
—
—
6 Aug 2020
31 Jul 2020
0.02671
0.02671
—
—
3 Sep 2020
31 Aug 2020
0.02109
0.02109
—
—
5 Oct 2020
30 Sep 2020
0.02357
0.02357
—
—
4 Nov 2020
31 Oct 2020
0.02143
0.02143
—
—
3 Dec 2020
30 Nov 2020
0.01975
0.01975
—
—
6 Jan 2021
31 Dec 2020
0.02181
0.02181
—
—
3 Feb 2021
31 Jan 2021
0.02227
0.02227
—
—
3 Mar 2021
28 Feb 2021
0.02509
0.02509
—
—
7 Apr 2021
31 Mar 2021
0.03217
0.03217
—
—
6 May 2021
30 Apr 2021
0.02205
0.02205
—
—
3 Jun 2021
31 May 2021
0.02118
0.02118
—
—
6 Jul 2021
30 Jun 2021
0.01784
0.01784
—
—
5 Aug 2021
31 Jul 2021
0.01825
0.01825
—
—
3 Sep 2021
31 Aug 2021
0.01528
0.01528
—
—
5 Oct 2021
30 Sep 2021
0.01898
0.01898
—
—
3 Nov 2021
31 Oct 2021
0.01243
0.01243
—
—
3 Dec 2021
30 Nov 2021
0.01923
0.01923
—
—
6 Jan 2022
31 Dec 2021
0.02037
0.02037
—
—
3 Feb 2022
31 Jan 2022
0.01849
0.01849
—
—
3 Mar 2022
28 Feb 2022
0.01770
0.01770
—
—
5 Apr 2022
31 Mar 2022
0.02024
0.02024
—
—
5 May 2022
30 Apr 2022
0.02374
0.02374
—
—
3 Jun 2022
31 May 2022
0.02233
0.02233
—
—
6 Jul 2022
30 Jun 2022
0.02305
0.02305
—
—
4 Aug 2022
31 Jul 2022
0.03666
0.03666
—
—
6 Sep 2022
31 Aug 2022
0.01781
0.01781
—
—
5 Oct 2022
30 Sep 2022
0.04638
0.04638
—
—
3 Nov 2022
31 Oct 2022
0.02295
0.02295
—
—
5 Dec 2022
30 Nov 2022
0.03919
0.03919
—
—
5 Jan 2023
31 Dec 2022
0.02942
0.02942
—
—
3 Feb 2023
31 Jan 2023
0.03346
0.03346
—
—
3 Mar 2023
28 Feb 2023
0.02452
0.02452
—
—
5 Apr 2023
31 Mar 2023
0.05424
0.05424
—
—
4 May 2023
30 Apr 2023
0.03960
0.03960
—
—
6 Jun 2023
31 May 2023
0.03472
0.03472
—
—
6 Jul 2023
30 Jun 2023
0.03648
0.03648
—
—
3 Aug 2023
31 Jul 2023
0.02999
0.02999
—
—
6 Sep 2023
31 Aug 2023
0.03121
0.03121
—
—
4 Oct 2023
30 Sep 2023
0.02639
0.02639
—
—
3 Nov 2023
31 Oct 2023
0.02606
0.02606
—
—
5 Dec 2023
30 Nov 2023
0.02761
0.02761
—
—
4 Jan 2024
31 Dec 2023
0.02471
0.02471
—
—
6 Feb 2024
31 Jan 2024
0.02288
0.02288
—
—
5 Mar 2024
29 Feb 2024
0.02517
0.02517
—
—
4 Apr 2024
31 Mar 2024
0.02649
0.02649
—
—
3 May 2024
30 Apr 2024
0.04031
0.04031
—
—
6 Jun 2024
31 May 2024
0.04416
0.04416
—
—
3 Jul 2024
30 Jun 2024
0.02834
0.02834
—
—
6 Aug 2024
31 Jul 2024
0.02807
0.02807
—
—
5 Sep 2024
31 Aug 2024
0.03009
0.03009
—
—
3 Oct 2024
30 Sep 2024
0.02920
0.02920
—
—
5 Nov 2024
31 Oct 2024
0.02977
0.02977
—
—
30 Nov 2024
30 Nov 2024
0
—
—
—
31 Dec 2024
31 Dec 2024
0
—
—
—
6 Feb 2025
31 Jan 2025
0.02563
0.02563
—
—
5 Mar 2025
28 Feb 2025
0.02688
0.02688
—
—
3 Apr 2025
31 Mar 2025
0.02778
0.02778
—
—
6 May 2025
30 Apr 2025
0.04942
0.04942
—
—
5 Jun 2025
31 May 2025
0.04297
0.04297
—
—
3 Jul 2025
30 Jun 2025
0.04673
0.04673
—
—
6 Aug 2025
31 Jul 2025
0.04578
0.04578
—
—
4 Sep 2025
31 Aug 2025
0.04779
0.04779
—
—
3 Oct 2025
30 Sep 2025
0.04310
0.04310
—
—
5 Nov 2025
31 Oct 2025
0.04431
0.04431
—
—
3 Dec 2025
30 Nov 2025
0.04285
0.04285
—
—
6 Jan 2026
31 Dec 2025
0.04250
0.04250
—
—
5 Feb 2026
31 Jan 2026
0.04368
0.04368
—
—
4 Mar 2026
28 Feb 2026
0.03731
0.03731
—
—
7 Apr 2026
31 Mar 2026
0.04369
0.04369
—
—
6 May 2026
30 Apr 2026
0.04614
0.04614
—
—
4 Jun 2026
31 May 2026
0.04407
0.04407
—
—
6 Jul 2026
30 Jun 2026
0.04272
0.04272
—
—
6 Aug 2026
31 Jul 2026
0.04476
0.04476
—
—
3 Sep 2026
31 Aug 2026
0.04148
0.04148
—
—
Characteristics
Characteristics
Portfolio
(As of 31 Aug 2026)Portfolio
Benchmark
Number of Holdings
452
—
Effective Duration
4.2 Yrs
5.6 Yrs
Average Effective Maturity
5.0 Yrs
7.9 Yrs
Portfolio
Benchmark
Weighted Average Coupon
4.4%
4.1%
Yield to Worst
5.6%
5.1%
Risk & Return Profile
Risk & Return Profile
(As of 31 Aug 2026)3y
5y
Annualized Alpha (%)
2.38
2.26
Beta
0.66
0.67
R-Squared (%)
97.77
90.69
Standard Deviation (%)
3.54
4.35
Sharpe Ratio
0.20
-0.33
Information Ratio
0.46
0.92
Tracking Error (%)
1.89
2.46
Up Capture (%)
82.17
79.52
Down Capture (%)
50.47
52.43
Portfolio
Portfolio
Top Holdings
(As of 31 Aug 2026)Name
Ticker/Symbol
Weight %
United States Treasury Strip Coupon
912834MT2
5.1
United States Treasury Note/Bond
91282CQQ7
2.3
Ginnie Mae II Pool
36179W7K8
1.2
United States Treasury Note/Bond
912810TA6
1.1
Freddie Mac Pool
3132DU5J2
1.0
Ginnie Mae II Pool
36179WR34
0.7
United States Treasury Inflation Indexed Bonds
91282CPU9
0.7
SBA Tower Trust
78403DAT7
0.6
Fannie Mae Pool
3140Q0DR0
0.6
United States Treasury Inflation Indexed Bonds
912810UH9
0.5
Exposure Breakdown
Exposure Breakdown
(As of 31 Aug 2026)Sector Allocation
Fund (%)
Corporate Bond
47.0
Collateralized Mortgage Obligation
20.3
Treasury Domestic
10.4
Mortgage Passthrough
8.1
Asset Backed Securities
7.2
Short-Term Investments, Other Assets & Liabilities
1.9
Treasury-Foreign
1.5
Loan Participation
1.4
Commercial Mortgage Backed Security
1.1
Preferred Stock
1.1
Municipals
0.0
Currency Forward
0.0
Top 10 Countries
Fund (%)
United States
87.2
Canada
2.0
United Kingdom
1.3
Saudi Arabia
1.0
Mexico
1.0
France
0.9
Australia
0.6
Germany
0.6
Bermuda
0.5
Italy
0.5
Credit Quality
Fund (%)
U.S. Government
25.3
AAA
13.1
AA
4.0
A
10.5
BBB
26.9
BB
13.2
B
2.3
CCC
0.2
Not Rated
2.8
Short-Term Investments, Other Assets & Liabilities
1.9
Maturity
Fund (%)
Year 1
14.5
Year 2
12.0
Year 3
12.8
Year 4
12.0
Year 5
10.7
Year 6
8.2
Year 7
4.7
Year 8
2.7
Year 9
2.0
Year 10+
18.5
Short-Term Investments, Other Assets & Liabilities
1.9
Portfolio Managers
Portfolio Managers
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…
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Christian Hoffmann, CFA
Head of Fixed Income, Portfolio Manager 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
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…
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