|Weighted Average Coupon||2.8%|
|Weighted Average Price||$101.56|
|Yield to Worst||2.2%|
|Average Effective Maturity||3.4 Yrs|
|Effective Duration||2.5 Yrs|
Investments in the strategy 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 principal value of bonds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. Unlike bonds, bond portfolios have ongoing fees and expenses. Investments in mortgage-backed securities (MBS) may bear additional risk. Carefully consider the strategy’s investment objectives, risks, fees and expenses before investing. There is no guarantee that the strategy will meet its investment objectives.
Weight percentages are of the total portfolio unless otherwise noted.
Portfolio characteristics are derived using currently available data from independent research resources that are believed to be accurate. Portfolio attributes can and do vary.
The laddering strategy does not assure or guarantee better performance than a non-laddered portfolio and cannot eliminate the risk of investment losses.
Portfolios invested in a limited number of holdings may expose an investor to greater volatility.
Dividends are not guaranteed.
Credit quality ratings for Thornburg’s global fixed income portfolios used ratings from Moody’s Investors Service. Where Moody’s ratings are not available, we have used S&P Global Ratings. Where neither rating is available, we have used ratings from other nationally recognized statistical rating organizations (NRSROs).
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.
Portfolio construction will have significant differences from that of a benchmark index in terms of security holdings, industry weightings, asset allocations and number of positions held, all of which may contribute to performance, characteristics and volatility differences. Investors may not make direct investments into any index. Investors may not make direct investments into any index.
Valuations are computed and reported in U.S. dollars.
Source: Advent/APX, FactSet and Thornburg.
View the Limited Term Income Composite GIPS compliant presentation.
To receive a complete list and description of Thornburg Investment Management's composites, please contact the Business Development Group at firstname.lastname@example.org
Please see our glossary for a definition of terms.