Strategic Income Fund (UCITS) - Performance

Share Class

Average Annual Total Returns

A Acc Shares (Incep. 28/12/2018) 1-MONTH YTD 1-YR INCEPTION
THSIAAU ID0.09%4.41%5.00%5.99%
Benchmarks (Since 28/12/2018)
Strategic Income Blend-0.97%5.12%6.24%9.71%
BBG Barclays US Universal TR Value-0.36%5.82%5.96%8.35%
A Acc Shares (Incep. 28/12/2018) QTD YTD 1-YR INCEPTION
THSIAAU ID2.58%4.32%5.20%6.23%
Benchmarks (Since 28/12/2018)
Strategic Income Blend2.10%6.15%8.09%10.82%
BBG Barclays US Universal TR Value0.99%6.20%6.68%9.00%

Returns for less than one year are not annualized.
Source: Confluence

U.S. MUTUAL FUND* PERFORMANCE

A Shares (Incep. 19/12/2007)YTD1-YR3-YR5-YR10-YRINCEPTION
TSIAX with sales charge0.68%1.38%2.90%4.00%4.58%5.53%
TSIAX without sales charge5.39%6.14%4.50%4.95%5.06%5.91%
Benchmarks (Since 19/12/2007)
BBG Barclays US Universal TR Value5.82%5.96%4.98%4.35%3.83%4.53%
Strategic Income Blend5.12%6.24%5.50%5.06%4.72%4.71%
A Shares (Incep. 19/12/2007)YTD1-YR3-YR5-YR10-YRINCEPTION
TSIAX with sales charge0.26%1.31%2.84%4.11%4.71%5.54%
TSIAX without sales charge4.95%6.07%4.44%5.08%5.19%5.92%
Benchmarks (Since 19/12/2007)
BBG Barclays US Universal TR Value6.20%6.68%5.15%4.49%3.92%4.59%
Strategic Income Blend6.15%8.09%5.99%5.60%4.93%4.83%
A Shares without sales charge
(Incep. 19/12/2007)
BBG Barclays US Universal TR ValueStrategic Income Blend
2008-18.48%2.38%-5.60%
200936.68%8.60%10.77%
201013.10%7.16%7.95%
20114.44%7.40%5.29%
201212.55%5.53%6.60%
20135.89%-1.35%3.23%
20143.19%5.56%5.81%
2015-2.34%0.43%0.42%
20167.69%3.91%3.71%
20176.01%4.09%7.09%
20180.30%-0.25%-1.63%
20197.55%9.29%12.45%

Returns for less than one year are not annualized.
Source: Confluence

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.

The maximum sales charge for the Fund’s A shares is 4.50%.

* 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.

Fees and Expenses — Class A Acc Shares

Management Fee* 1.30%
Expense Ratio 1.65%

For more information about charges, please see the section of this Fund's prospectus entitled "Fees and Expenses" or the section of this Fund's Key Investor Information Document entitled "Charges to the Funds".

* As a percent of Net Asset Value

Morningstar Rating

Overall Morningstar Rating among 416 Global Flexible Bond funds, based on risk-adjusted returns for class A Acc shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 4 stars, 5 stars and 5 stars among 416, 269 and 141 funds, as of 9/30/2020.

Average Annual Total Returns

A Dist Shares (Incep. 28/12/2018) 1-MONTH YTD 1-YR INCEPTION
THSIADU ID0.03%4.35%4.98%5.96%
Benchmarks (Since 28/12/2018)
Strategic Income Blend-0.97%5.12%6.24%9.71%
BBG Barclays US Universal TR Value-0.36%5.82%5.96%8.35%
A Dist Shares (Incep. 28/12/2018) QTD YTD 1-YR INCEPTION
THSIADU ID2.60%4.32%5.23%6.23%
Benchmarks (Since 28/12/2018)
Strategic Income Blend2.10%6.15%8.09%10.82%
BBG Barclays US Universal TR Value0.99%6.20%6.68%9.00%

Returns for less than one year are not annualized.
Source: Confluence

Fees and Expenses — Class A Dist Shares

Management Fee* 1.30%
Expense Ratio 1.65%

For more information about charges, please see the section of this Fund's prospectus entitled "Fees and Expenses" or the section of this Fund's Key Investor Information Document entitled "Charges to the Funds".

* As a percent of Net Asset Value

Morningstar Rating

Overall Morningstar Rating among 416 Global Flexible Bond funds, based on risk-adjusted returns for class A Dist shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 4 stars, 5 stars and 5 stars among 416, 269 and 141 funds, as of 9/30/2020.

Dividends and Capital Gains — Class A Dist Shares

Dividend (paid 4 Nov 2020) $0.02143

Average Annual Total Returns

C Acc Shares (Incep. 28/12/2018) 1-MONTH YTD 1-YR INCEPTION
THSICAU ID0.09%3.96%4.45%5.42%
Benchmarks (Since 28/12/2018)
Strategic Income Blend-0.97%5.12%6.24%9.71%
BBG Barclays US Universal TR Value-0.36%5.82%5.96%8.35%
C Acc Shares (Incep. 28/12/2018) QTD YTD 1-YR INCEPTION
THSICAU ID2.42%3.87%4.56%5.63%
Benchmarks (Since 28/12/2018)
Strategic Income Blend2.10%6.15%8.09%10.82%
BBG Barclays US Universal TR Value0.99%6.20%6.68%9.00%

Returns for less than one year are not annualized.
Source: Confluence

U.S. MUTUAL FUND* PERFORMANCE

C Shares (Incep. 19/12/2007)YTD1-YR3-YR5-YR10-YRINCEPTION
TSICX with sales charge3.75%4.36%3.68%4.22%4.40%5.26%
TSICX without sales charge4.75%5.36%3.68%4.22%4.40%5.26%
Benchmarks (Since 19/12/2007)
BBG Barclays US Universal TR Value5.82%5.96%4.98%4.35%3.83%4.53%
Strategic Income Blend5.12%6.24%5.50%5.06%4.72%4.71%
C Shares (Incep. 19/12/2007)YTD1-YR3-YR5-YR10-YRINCEPTION
TSICX with sales charge3.47%4.30%3.66%4.38%4.54%5.28%
TSICX without sales charge4.47%5.30%3.66%4.38%4.54%5.28%
Benchmarks (Since 19/12/2007)
BBG Barclays US Universal TR Value6.20%6.68%5.15%4.49%3.92%4.59%
Strategic Income Blend6.15%8.09%5.99%5.60%4.93%4.83%
C Shares without sales charge
(Incep. 19/12/2007)
BBG Barclays US Universal TR ValueStrategic Income Blend
2008-19.01%2.38%-5.60%
200935.89%8.60%10.77%
201012.60%7.16%7.95%
20113.85%7.40%5.29%
201211.87%5.53%6.60%
20135.30%-1.35%3.23%
20142.67%5.56%5.81%
2015-2.97%0.43%0.42%
20167.12%3.91%3.71%
20175.32%4.09%7.09%
2018-0.43%-0.25%-1.63%
20196.68%9.29%12.45%

Returns for less than one year are not annualized.
Source: Confluence

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.

C shares include a 1% contingent deferred sales charge (CDSC) for the first year only.

* 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.

Fees and Expenses — Class C Acc Shares

Management Fee* 1.85%
Expense Ratio 2.20%

C shares include a 1.0% contingent deferred sales charge (CDSC) for the first year only.
For more information about charges, please see the section of this Fund's prospectus entitled "Fees and Expenses" or the section of this Fund's Key Investor Information Document entitled "Charges to the Funds".

* As a percent of Net Asset Value

Morningstar Rating

Overall Morningstar Rating among 416 Global Flexible Bond funds, based on risk-adjusted returns for class C Acc shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 4 stars, 4 stars and 5 stars among 416, 269 and 141 funds, as of 9/30/2020.

Average Annual Total Returns

I Acc Shares (Incep. 28/12/2018) 1-MONTH YTD 1-YR INCEPTION
THSIIAU ID0.09%5.03%5.82%6.76%
Benchmarks (Since 28/12/2018)
Strategic Income Blend-0.97%5.12%6.24%9.71%
BBG Barclays US Universal TR Value-0.36%5.82%5.96%8.35%
I Acc Shares (Incep. 28/12/2018) QTD YTD 1-YR INCEPTION
THSIIAU ID2.83%4.93%6.02%7.05%
Benchmarks (Since 28/12/2018)
Strategic Income Blend2.10%6.15%8.09%10.82%
BBG Barclays US Universal TR Value0.99%6.20%6.68%9.00%

Returns for less than one year are not annualized.
Source: Confluence

U.S. MUTUAL FUND* PERFORMANCE

I Shares (Incep. 19/12/2007)YTD1-YR3-YR5-YR10-YRINCEPTION
TSIIX5.71%6.52%4.84%5.32%5.42%6.26%
Benchmarks (Since 19/12/2007)
BBG Barclays US Universal TR Value5.82%5.96%4.98%4.35%3.83%4.53%
Strategic Income Blend5.12%6.24%5.50%5.06%4.72%4.71%
I Shares (Incep. 19/12/2007)YTD1-YR3-YR5-YR10-YRINCEPTION
TSIIX5.25%6.39%4.79%5.47%5.56%6.26%
Benchmarks (Since 19/12/2007)
BBG Barclays US Universal TR Value6.20%6.68%5.15%4.49%3.92%4.59%
Strategic Income Blend6.15%8.09%5.99%5.60%4.93%4.83%
I Shares
(Incep. 19/12/2007)
BBG Barclays US Universal TR ValueStrategic Income Blend
2008-18.33%2.38%-5.60%
200937.02%8.60%10.77%
201013.48%7.16%7.95%
20114.80%7.40%5.29%
201212.81%5.53%6.60%
20136.30%-1.35%3.23%
20143.53%5.56%5.81%
2015-2.10%0.43%0.42%
20168.08%3.91%3.71%
20176.47%4.09%7.09%
20180.68%-0.25%-1.63%
20197.91%9.29%12.45%

Returns for less than one year are not annualized.
Source: Confluence

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.

There is no up-front sales charge for class I shares.

* 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.

Fees and Expenses — Class I Acc Shares

Management Fee* 0.75%
Expense Ratio 0.90%

For more information about charges, please see the section of this Fund's prospectus entitled "Fees and Expenses" or the section of this Fund's Key Investor Information Document entitled "Charges to the Funds".

* As a percent of Net Asset Value

Morningstar Rating

Overall Morningstar Rating among 416 Global Flexible Bond funds, based on risk-adjusted returns for class I Acc shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 5 stars, 5 stars and 5 stars among 416, 269 and 141 funds, as of 9/30/2020.

Important Information