Freedom to Invest Globally in Any Income-Producing Security
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.
“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.”
— Jason Brady
Beyond a Single Asset Class
Investors often associate higher income with the high-yield asset class, but moving down the
credit-quality spectrum within one asset class doesn’t always provide it, and can expose investors
to significant risks.
We seek the high and sustainable income that is associated with the high-yield asset class, without
many of the risks and strictures inherent in it.
We invest flexibly and in a wide variety of asset classes: mortgages, Treasuries, corporates, preferred
stocks, convertibles, foreign sovereign debt—anything in which the risk/reward tradeoff
Unlike a typical high-yield fund, we are not forced by a restrictive mandate to take credit risk in
every corner of the portfolio.
Harnessing Thornburg’s Open, Continuous Investment Process
Since the fund has such a broad scope and can invest in any income-producing security anywhere
in the world, the way the team works together is the most important key to success. As a group, we
look at everything out there. With so many market niches to examine, we are constantly engaged
in comparing one compelling opportunity with another.
Our job with this portfolio is, in a sense, comparing apples to oranges. By sitting side-by-side and
constantly exchanging information, we are able to make sure that all opportunities available are
discussed, compared, contrasted, and ultimately, for most of them, discarded.
Individual, Bottom-Up Asset and Credit Work
Hard, rigorous credit work on an individual, security-by-security basis underpins the selection process.
The portfolio is built from the bottom up and performance is driven by individual asset behavior,
not by monolithic moves in macroeconomic variables.
We don’t use leverage in Strategic Income Fund, and we don’t use derivatives to mask leverage.
Reasonable Pursuit of Reasonable Objectives
We don’t attempt to knock the ball out of the park every year, or even in any given year, but strive
to balance the pursuit of attractive income with the assumption of a moderately higher level of risk.
The Fund is offered solely to non-U.S. investors under the terms and conditions of the Fund’s current Prospectus. A copy of the full Prospectus and KIID for the Fund may be obtained by contacting the local Paying Agent through the Fund’s Transfer Agent, State Street Fund Services (Ireland) Limited or in the forms and literature section of this website. The Prospectus and KIID contain important information about the Fund and should be read carefully before investing.
Investments carry risks, including possible loss of principal. Additional risks may be associated with investments in emerging markets, including currency fluctuations, illiquidity, volatility, and political and economic risks. Investments in small- and mid-capitalization companies may increase the risk of greater price fluctuations. Portfolios investing in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds. The value of bonds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. Unlike bonds, bond funds have ongoing fees and expenses. Investments in mortgage-backed securities (MBS) may bear additional risk. Investments in the Fund are not insured, nor are they bank deposits or guaranteed by a bank or any other entity.
This material constitutes a financial promotion for the purposes of the Financial Services and Markets Act 2000 (the “Act”) and the handbook of rules and guidance issued from time to time by the FCA (the "FCA Rules"). This material is for information purposes only and does not constitute an offer to subscribe for or purchase any financial instrument. Thornburg Investment Management Ltd. ("TIM Ltd.") neither provides investment advice to, nor receives and transmits orders from, persons to whom this material is communicated nor does it carry on any other activities with or for such persons that constitute "MiFID or equivalent third country business" for the purposes of the FCA Rules. All information provided is not warranted as to completeness or accuracy and is subject to change without notice.
The Fund is a sub-fund of Thornburg Global Investment plc, an open-ended umbrella type investment company with segregated liability between sub-funds, authorised by the Central Bank of Ireland (CBI) on 25 November 2011 as an investment company pursuant to the UCITS Regulations. Authorisation of the Company by the CBI is not an endorsement or guarantee of the Company by the CBI nor is the CBI responsible for the contents of the Prospectus or KIID.
Thornburg Strategic Income Fund’s Blended Index is composed of 80% Bloomberg Barclays U.S. Aggregate Bond Index and 20% MSCI World Index, rebalanced monthly.
To determine a fund's Morningstar Rating™, funds and other managed products with at least a three-year history are ranked in their categories by their Morningstar Risk-Adjusted Return scores. The top 10% receive 5 stars; the next 22.5%, 4 stars; the middle 35%, 3 stars; the next 22.5%, 2 stars; and the bottom 10% receive 1 star. The Risk-Adjusted Return accounts for variation in a managed product's monthly excess performance (excluding sales charges), placing more emphasis on downward variations and rewarding consistent performance. Other share classes may have different performance characteristics. © 2019 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Administrator: State Street Fund Services (Ireland) Limited, ThornburgTA@statestreet.com
Please see our glossary for a definition of terms.