Thornburg Strategic Income Fund (UCITS)
SYMBOL: THSIIAU ID
Morningstar Rating • Info
Overall Morningstar Rating among 695 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, 4 stars, 4 stars and 5 stars among 695, 548 and 234 funds, as of 30 Apr 2025.
As of 30 Apr 2025
Fund Assets
$96.3 M
As of 30 Apr 2025
NAV
$12.54
As of 19 May 2025
Change
$0.00
As of 19 May 2025
YTD NAV Performance
2.53%
As of 19 May 2025
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
Overview
Fund Facts
Fund Facts
(As of 30 Apr 2025)Net Fund Assets
$96.3 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
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Total Return (%)
—
—
—
—
7.40
7.64
2.16
-7.96
8.19
4.00
Bloomberg U.S. Universal Index (%)
—
—
—
—
9.29
7.58
-1.10
-12.99
6.17
2.04
Hypothetical Growth of $10,000
Hypothetical Growth of $10,000
(As of 30 Apr 2025)
(Hypothetical Growth of $10,000 vs Bloomberg U.S. Universal Index)
Characteristics
Characteristics
Portfolio
(As of 30 Apr 2025)Portfolio
Benchmark
Effective Duration
4.2 Yrs
5.8 Yrs
Average Effective Maturity
5.6 Yrs
8.0 Yrs
Portfolio
Benchmark
Weighted Average Coupon
4.3%
3.8%
Yield to Worst
5.5%
4.8%
Risk & Return Profile
Risk & Return Profile
(As of 31 Mar 2025)3y
5y
Beta
0.66
0.69
R-Squared (%)
91.34
85.47
Standard Deviation (%)
5.13
4.65
Sharpe Ratio
-0.19
0.32
Information Ratio
0.83
1.46
Tracking Error (%)
2.91
2.64
Up Capture (%)
77.70
90.02
Down Capture (%)
52.21
44.72
Portfolio
Portfolio
Top Holdings
(As of 31 Mar 2025)Name
Ticker/Symbol
Weight %
United States Treasury Note/Bond
91282CLW9
7.1
United States Treasury Note/Bond
91282CFF3
5.3
Freddie Mac Pool
3132DU5J2
4.6
United States Treasury Note/Bond
91282CMM0
4.2
United States Treasury Note/Bond
91282CFV8
3.2
United States Treasury Inflation Indexed Bonds
91282CJY8
2.0
United States Treasury Note/Bond
91282CJJ1
1.9
Freddie Mac Pool
31427MKG5
1.8
United States Treasury Note/Bond
91282CJZ5
0.8
United States Treasury Inflation Indexed Bonds
912810PV4
0.7
Exposure Breakdown
Exposure Breakdown
(As of 30 Apr 2025)Sector Allocation
Fund (%)
Corporate
43.6
Treasury-Domestic
19.2
Collateralized Mortgage Obligation
14.2
Mortgage Passthrough
10.8
Asset Backed Securities
6.1
Commercial Mortgage Backed Security
1.8
Treasury-Foreign
1.5
Bank Loan
1.2
Cash & Cash Equivalents
1.0
Preferred Stock
0.8
Municipals
0.0
Currency Forward
0.0
Top 10 Countries
Fund (%)
United States
89.8
Canada
1.9
Saudi Arabia
0.8
Australia
0.7
United Kingdom
0.7
Mexico
0.6
Turkey
0.4
China
0.4
United Arab Emirates
0.4
Dominican Republic
0.4
Credit Quality
Fund (%)
U.S. Government
33.9
AAA
11.7
AA
1.7
A
8.2
BBB
22.0
BB
14.0
B
4.2
CCC
0.1
Not Rated
3.3
Cash & Cash Equivalents
0.8
Maturity
Fund (%)
Year 1
12.8
Year 2
11.3
Year 3
12.5
Year 4
9.7
Year 5
8.5
Year 6
4.0
Year 7
4.9
Year 8
4.1
Year 9
6.2
Year 10+
25.2
Cash
0.8
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 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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