TSIAX: Thornburg Strategic Income Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$12.44

-

3.18%

$0.40

1.05%

Vitals

YTD Return

-0.1%

1 yr return

5.7%

3 Yr Avg Return

5.8%

5 Yr Avg Return

4.9%

Net Assets

$3.8 B

Holdings in Top 10

18.2%

52 WEEK LOW AND HIGH

$12.45
$12.23
$12.48

Expenses

OPERATING FEES

Expense Ratio 1.05%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 58.91%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000

IRA

$2,000


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Multisector Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$12.44

-

3.18%

$0.40

1.05%

TSIAX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.35%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Thornburg Strategic Income Fund
  • Fund Family Name
    Thornburg
  • Inception Date
    Dec 19, 2007
  • Shares Outstanding
    0
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jason Brady

Fund Description

The fund pursues its investment goals by investing in a broad range of income-producing investments from throughout the world, primarily including debt obligations. The manager expects, under normal conditions, to invest a majority of its assets in the debt obligations. The fund may invest in debt obligations of any kind, of any quality, and of any maturity.


TSIAX - Performance

Return Ranking - Trailing

Period TSIAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -25.0% 23.3% 57.87%
1 Yr 5.7% -30.0% 49.9% 55.29%
3 Yr 5.8%* -10.6% 11.7% 32.51%
5 Yr 4.9%* -14.4% 13.9% 26.45%
10 Yr 5.0%* -1.4% 14.0% 23.63%

* Annualized

Return Ranking - Calendar

Period TSIAX Return Category Return Low Category Return High Rank in Category (%)
2020 4.2% -49.2% 314.3% 21.98%
2019 3.9% -35.1% 16.7% 57.32%
2018 -2.6% -48.0% 3.4% 17.38%
2017 2.7% -14.8% 11.2% 30.35%
2016 4.4% -11.2% 12.8% 28.57%

Total Return Ranking - Trailing

Period TSIAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -25.0% 23.4% 58.00%
1 Yr 1.0% -34.1% 49.9% 86.84%
3 Yr 4.2%* -12.3% 13.0% 56.80%
5 Yr 3.9%* -15.4% 13.9% 47.42%
10 Yr 4.5%* -1.4% 14.0% 30.59%

* Annualized

Total Return Ranking - Calendar

Period TSIAX Return Category Return Low Category Return High Rank in Category (%)
2020 4.2% -49.2% 314.3% 21.98%
2019 3.9% -35.1% 16.7% 59.81%
2018 -2.6% -48.0% 8.0% 37.01%
2017 2.7% -14.8% 15.2% 54.19%
2016 4.4% -11.2% 17.7% 47.36%

NAV & Total Return History


TSIAX - Holdings

Concentration Analysis

TSIAX Category Low Category High TSIAX % Rank
Net Assets 3.8 B 10 143 B 17.10%
Number of Holdings 829 3 7887 27.76%
Net Assets in Top 10 677 M -8.09 B 6.07 B 15.95%
Weighting of Top 10 18.19% 4.1% 100.0% 72.11%

Top 10 Holdings

  1. Thornburg Capital Management 11.94%
  2. Federal Home Loan Mortgage Corporation 2.5% 1.63%
  3. United States Treasury Notes 0.62% 1.07%
  4. Nielsen Finance LLC/Nielsen Finance Co 5% 0.73%
  5. Sprint Communications, Inc. 9.25% 0.58%
  6. Federal Home Loan Mortgage Corporation 2% 0.56%
  7. Federal Home Loan Mortgage Corporation 2% 0.54%
  8. Aqua Finance Trust 2019-A 6.07% 0.54%
  9. Salesforce Com Inc Delayed Draw Term Loan 0.53%
  10. Salesforce Com Inc Delayed Draw Term Loan 0.53%

Asset Allocation

Weighting Return Low Return High TSIAX % Rank
Bonds
84.59% -169.75% 217.61% 58.17%
Cash
12.11% -152.64% 281.06% 27.64%
Convertible Bonds
1.93% 0.00% 129.09% 44.85%
Preferred Stocks
1.07% 0.00% 32.58% 18.97%
Stocks
0.26% -54.77% 182.84% 45.98%
Other
0.04% -39.52% 104.83% 31.16%

Stock Sector Breakdown

Weighting Return Low Return High TSIAX % Rank
Utilities
0.00% 0.00% 100.00% 66.45%
Technology
0.00% 0.00% 100.00% 62.79%
Real Estate
0.00% 0.00% 100.00% 60.13%
Industrials
0.00% 0.00% 100.00% 66.45%
Healthcare
0.00% 0.00% 100.00% 65.45%
Financial Services
0.00% 0.00% 100.00% 70.10%
Energy
0.00% 0.00% 100.00% 11.63%
Communication Services
0.00% 0.00% 100.00% 66.11%
Consumer Defense
0.00% 0.00% 100.00% 59.14%
Consumer Cyclical
0.00% 0.00% 100.00% 68.44%
Basic Materials
0.00% 0.00% 47.08% 63.12%

Stock Geographic Breakdown

Weighting Return Low Return High TSIAX % Rank
US
0.26% -50.06% 182.84% 37.56%
Non US
0.00% -4.71% 33.97% 85.55%

Bond Sector Breakdown

Weighting Return Low Return High TSIAX % Rank
Corporate
48.58% 0.00% 100.00% 43.47%
Securitized
34.95% 0.00% 99.25% 22.86%
Cash & Equivalents
12.15% 0.00% 100.00% 30.90%
Government
3.91% 0.00% 99.48% 69.85%
Municipal
0.41% 0.00% 54.18% 22.36%
Derivative
0.00% 0.00% 58.05% 90.70%

Bond Geographic Breakdown

Weighting Return Low Return High TSIAX % Rank
US
70.32% -170.06% 209.58% 31.41%
Non US
14.27% 0.00% 126.35% 67.71%

TSIAX - Expenses

Operational Fees

TSIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.02% 5.53% 48.81%
Management Fee 0.67% 0.00% 2.25% 62.63%
12b-1 Fee 0.25% 0.00% 1.00% 51.27%
Administrative Fee 0.10% 0.01% 0.85% 49.81%

Sales Fees

TSIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.00% 5.75% 25.00%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

TSIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TSIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 58.91% 0.00% 498.00% 23.54%

TSIAX - Distributions

Dividend Yield Analysis

TSIAX Category Low Category High TSIAX % Rank
Dividend Yield 3.18% 0.00% 3.36% 85.45%

Dividend Distribution Analysis

TSIAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

TSIAX Category Low Category High TSIAX % Rank
Net Income Ratio 3.35% -1.31% 11.44% 44.17%

Capital Gain Distribution Analysis

TSIAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually

Dividend Payout History

View More +

TSIAX - Fund Manager Analysis

Managers

Jason Brady


Start Date

Tenure

Tenure Rank

Dec 19, 2007

13.71

13.7%

Jason Brady is president and CEO of Thornburg Investment Management. He is responsible for the company’s overall strategy and direction. He is also the head of the firm’s global fixed income investment team and a portfolio manager on multiple strategies. He joined the firm in 2006, was made portfolio manager and managing director in 2007, and president and CEO in 2016. His book Income Investing: An Intelligent Approach to Profiting from Bonds, Stocks and Money Markets is a step-by-step guide to income investing. Jason holds a BA with honors in English and environmental biology from Dartmouth College, and an MBA with concentrations in analytical finance and accounting from Northwestern’s Kellogg Graduate School of Management. He is a CFA charterholder. Prior to joining Thornburg, Jason was a portfolio manager with Fortis Investments in Boston, and has held various positions at Fidelity Investments and Lehman Brothers. Jason holds a BA with honors in English and environmental biology from Dartmouth College, and an MBA with concentrations in analytical finance and accounting from Northwestern’s Kellogg Graduate School of Management. He is a CFA charterholder. Prior to joining Thornburg, Jason was a portfolio manager with Fortis Investments in Boston, and has held various positions at Fidelity Investments and Lehman Brothers.

Lon Erickson


Start Date

Tenure

Tenure Rank

Feb 01, 2015

6.58

6.6%

Lon Erickson is portfolio manager for Thornburg Investment Management. He joined Thornburg in 2008 and was made portfolio manager and managing director in 2010. Lon earned a BA in business administration with a minor in economics from Illinois Wesleyan University and an MBA from the University of Chicago’s Graduate School of Business. He is a CFA charterholder. Prior to joining Thornburg Investment Management, Lon spent almost 11 years as an analyst for State Farm Insurance in the equity and corporate bond departments.

Jeff Klingelhofer


Start Date

Tenure

Tenure Rank

Feb 01, 2015

6.58

6.6%

Jeff Klingelhofer, CFA Co-Head of Investments and Managing Director Jeff Klingelhofer is co-head of investments for Thornburg Investment Management. He is responsible for driving the investment process at the firm level. Jeff is also a portfolio manager on multiple strategies. He joined the firm in 2010, then was promoted to associate portfolio manager in 2012. In 2015, Jeff was made portfolio manager and managing director. Jeff earned a BA in economics with a minor in business from the University of California at Irvine, and an MBA from the University of Chicago Booth School of Business in 2010. He is also a CFA charterholder. Prior to joining Thornburg Investment Management, Jeff spent four years with PIMCO, where he was responsible for monitoring portfolio leverage and risk tolerances. Jeff also worked as a commercial mortgage-backed securities intern with ratings agency DBRS and interned with the CalPERS alternative assets team.

Christian Hoffmann


Start Date

Tenure

Tenure Rank

Feb 02, 2018

3.58

3.6%

Christian Hoffmann is portfolio manager for Thornburg Investment Management. He joined the firm in 2012 as a fixed income securities analyst and was promoted to associate portfolio manager in 2014, then portfolio manager in 2018. Christian graduated cum laude from New York University with a BA in economics. He is also a CFA charterholder. Prior to joining Thornburg, he served as a senior credit analyst with H.I.G. Capital in Miami, Florida, where he specialized in distressed debt investments and credit driven special situations. Christian began his career in the investment banking division of Lehman Brothers and later spent several years working on the high yield research desk at Lehman Brothers.

Ali Hassan


Start Date

Tenure

Tenure Rank

Feb 01, 2021

0.58

0.6%

Ali Hassan is portfolio manager for Thornburg Investment Management. He joined the firm in 2013 as a fixed income analyst, became senior fixed income analyst in 2017 and was promoted to portfolio manager in 2021. Ali graduated from Stanford University with a BA in economics and a BS in mathematical & computational science. Prior to his joining Thornburg, Ali worked at Lone Star Funds, Zeo Capital Advisors, and H.I.G. Capital on distressed credit and turnaround private equity investments. He began his career as a credit analyst in Citigroup’s loan origination and loan workout groups.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 27.68 5.4 2.45