Thornburg is pleased to announce that Thornburg Limited Term Income Fund (“the Fund), Class I (ticker: THIIX), is a Refinitiv Lipper Fund Awards United States 2021 winner. The Fund is the best Short-Intermediate Investment-Grade Debt Fund over the ten-year period ending November 30, 2020 out of 32 funds, based on consistently strong risk-adjusted performance.
Thornburg Portfolio Managers Jeff Klingelhofer and Lon Erickson spoke with the Wall Street Transcript about Limited Term Income and Strategic Income. The Q&A is in depth, covering lots of ground such as the funds' objectives; Jeff, Lon, and the team's strategy during the recent recession; and the long-term outcomes they aim to generate for clients.
Fixed income managers tend to have a narrow mandate and a clear focus on specific areas. In contrast, Thornburg Limited Term Income Fund covers the entire taxable fixed income universe to find relative value. Lon Erickson, co-manager of the fund, stresses the importance of risk/reward evaluation within safety of the principal and income stability in this feature article on Ticker.com.
Thornburg announced that Perpetual, a diversified financial services company serving Australians since 1886, has made a commitment to Thornburg's Multisector Opportunistic credit strategy.
Morningstar's analysis of the Thornburg Limited Term Income Fund, based on five key pillars: Process, Performance, People, Parent, and Price.
Lon gets the only quote in this additional story about the BBB market: "Market access certainly is a benefit especially to lower quality spectrum of investment-grade. As people think about fallen angels, one of the things that could drive that is the inability to refinance risk at cheap levels.
Lon Erickson talks about a wait-and-see approach, only he's referring to the Fed. "There was a lot of joy taken from the Fed reversing course and going to a more pronounced wait-and-see approach to raising rates," he said. "I don't know that we'll see same pace of tightening we had in January. There are several risks out there relative to what could happen for credit - I could see us hanging in here at the recent tights, or squeeze in a few more basis points out of it."
Thornburg is pleased to announce the launch of Thornburg Strategic Income Fund, a UCITS fund domiciled in Dublin, Ireland. This unconstrained bond fund invests in a wide variety of asset classes around the world with an emphasis on higher-yielding fixed income.
The firms first fixed income UCITS product, Limited Term Income Fund, is now available to overseas investors.