Amid a massive return since the March low, the default rate has nearly tripled from year-ago levels as recovery rates deteriorate. "Kicking the can down the road" as vulnerability grows.
Results for: Bond Funds
Are CLOs hidden in your bond fund, adding risk you can't see?
Spectacular first-quarter market returns are quite a bounce back from the December 26 lows, when all anyone could think of was fleeing risk exposures. Many markets saw their best quarter...
With this fund, we strive for competitive return and balanced risks through active research in the global market for income-producing products, and by comparing the relative risks and rewards across many asset classes and subclasses. True to Thornburg's mantra, this portfolio is designed to go where the value is."
Thornburg Limited Term Income Fund is a flexible, actively managed, core portfolio of high-quality U.S. dollar-denominated bonds. This centerpiece investment-grade portfolio seeks a reasonable level of income and lower volatility than some peers, without overextending in the pursuit of yield.
Thornburg Strategic Municipal Income Fund is a broadly flexible national municipal portfolio with the freedom to invest at any point along the yield curve, anywhere along the credit spectrum. It is not a laddered portfolio, but is managed opportunistically, assuming a measured amount of additional risk in pursuit of a high level of tax-exempt current income and higher total return.
Thornburg New Mexico Intermediate Municipal Fund is a diversified laddered portfolio of intermediate-term, investment-grade municipal bonds from throughout the Land of Enchantment. Maturities range from one to 20 years, with the fund's average duration between four and six years. Actively laddering portfolios helps mitigate the risks of bond investing and can generate attractive returns over time.
Thornburg California Limited Term Municipal Fund is a laddered portfolio of investment-grade municipal bonds from the Golden State, with maturities of one to 10 years, and with an average duration around 3.5 years. Actively laddering portfolios helps mitigate the risks of bond investing and can generate attractive returns over time.
Thornburg Intermediate Municipal Fund is a broadly diversified, laddered portfolio of intermediate-term investment-grade municipal bonds from throughout the country. Maturities range from one to 20 years, with the fund's average duration standing around four to six years. Actively laddering portfolios helps mitigate the risks of bond investing and can generate attractive returns over time.
Thornburg Limited Term Municipal Fund is a laddered portfolio of investment-grade municipal bonds from throughout the country, with maturities of one to 10 years, and with an average duration around 3.5 years. Actively laddering portfolios helps mitigate the risks of bond investing and can generate attractive returns over time.
Thornburg Short Duration Municipal Fund is a portfolio of short-term, high-quality municipal bonds, with low interest-rate exposure. The portfolio provides a home to municipal bond investors who may have a limited time horizon.
Thornburg Ultra Short Income Fund is a short-term portfolio of high-quality taxable bonds, with low interest-rate exposure. The portfolio is designed to provide a home to investors who may have a limited time horizon.
Thornburg Strategic Income Fund is a broadly flexible income-oriented portfolio with a wide investment mandate and the freedom to invest in any income-producing security, anywhere in the world. We aim to provide a strong, consistent income stream that preserves investors' purchasing power, while not exposing them to undue risk.
Thornburg Limited Term Income Fund is a flexible, actively managed, core portfolio of high-quality U.S. dollar-denominated bonds. This centerpiece investment-grade portfolio seeks a reasonable level of income and lower volatility than some peers, without overextending in the pursuit of yield.
Thornburg Limited Term U.S. Government Fund is a straightforward laddered portfolio–with an over 25-year track record–of bonds issued by the U.S. government. We do not reach for yield with this portfolio, but consider it a valuable part of an investor's overall asset allocation.
