- Thornburg Expands Fixed Income Solutions, Adds Intermediate Core Plus Bonds to Strong Ultra-Short-Term, Short-Term and Multi-Sector Fixed Income Offerings
Santa Fe, New Mexico, January 17, 2024 /PRNewswire/ — Thornburg Investment Management (“Thornburg”); $43 billion in the assets1today announced the recent launch of Thornburg Core Plus Bond Fund (the “Fund”) (ticker: THCIX), a powerful lineup of proven global taxable bond solutions. The Fund seeks to maximize total return, consistent with long-term preservation of capital.
“For more than 40 years, Thornburg has been recognized as a leader in fixed income investing,” said Jeff Klingelhofer, Thornburg's co-head of investments. “Our unique team structure and active, fundamental investment process seek to add value across the credit and duration spectrum.The Thornburg Core Plus Bond Fund typically invests in We provide our clients with a much-needed solution for what would be a large allocation within their home fixed income portfolio, seamlessly within our investment framework and platform.”
The Fund invests primarily in U.S. investment grade debt securities, but has the flexibility to invest in sub-investment grade securities and debt securities of non-U.S. issuers to achieve its total return objective. Jeff Klingelhofer, Ron Erickson and christian hoffman is the fund's co-portfolio manager.
For more information about Thornburg Core Plus Bond Fund, call 877 215 1330 or visit Thornburg's website at https://www.thornburg.com/product/mutual-funds/fcb/?class=I.
Thornburg Investment Management (Thornburg) is a global investment firm that provides strategies to institutions, financial professionals, and investors around the world. Founded in 1982, the privately held company is an active and high-conviction manager of equity, fixed income and multi-asset solutions.and $43 billion1 Included in current customer assets December 31, 2023the company offers mutual funds, closed-end funds, institutional accounts, special accounts, and UCITS funds for non-U.S. investors.
As an independent firm, Thornburgh takes on a wide range of opportunities, thoroughly considers ideas, and engages in multiple strategies to achieve consistent risk-adjusted outperformance over time. Our firm is home to free-thinking professionals who are passionate about pursuing investment results beyond conventional wisdom. From agile operational capabilities to principles and behaviors worthy of global citizenship, Thornburg's world-class investment platform and team are aligned on strategies to serve investors.
Thornburgh's US headquarters Santa Fe, New Mexico has an office in Hong Kong and Shanghai. For more information, visit www.thornburg.com or call 877 215 1330.
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Investing involves risks, including possible loss of principal. A portfolio that invests in bonds is subject to the same interest rate, inflation, and credit risks associated with the underlying bonds. The value of bonds fluctuates with changes in interest rates and decreases as interest rates rise. This effect is more pronounced for long-term bonds. Unlike bonds, bond funds have ongoing fees and expenses. Investments in lower-rated and unrated debt securities may be more susceptible to defaults, downgrades and market volatility. These investments may also be less liquid than higher quality debt securities. Investments in derivatives are subject to risks associated with the securities or other assets underlying the security pool, including illiquidity and difficulty in valuation. Investing in stocks involves additional risks, including increased market volatility.External investments may involve additional risks USThese include currency fluctuations, illiquidity, volatility, political and economic risks, especially in emerging markets. An investment in the Fund is not FDIC insured and is not bank deposited or guaranteed by any bank or other entity.
A bond credit rating evaluates a bond issuer's financial ability to make timely payments of principal and interest. Ratings of AAA (highest), AA, A, and BBB are investment grade quality. Ratings of BB, B, CCC, CC, C, D (minimum) are considered lower than investment grade, speculative grade, or junk bonds.
Class I shares are not available to all investors. The minimum investment amount for an I share class may be higher than the minimum investment amount for other classes.
There is no guarantee that the Fund will achieve its investment objective.
Please see the glossary for definitions of terms.
Please consider the Fund's investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus containing this and other information, please contact your financial advisor or visit thornburg.com. Please read carefully before investing.
Thornburg Mutual Funds are distributed by Thornburg Securities LLC.
Thornburg Investment Management, Inc.'s mutual funds are sold through investment professionals such as investment advisers, brokerage firms, bank trust departments, trust companies, and certain other financial intermediaries. Thornburg Securities LLC (TSL) does not act as a broker of record for investors.
1 What's included $42 billion In terms of assets under management, 1 billion dollars Assets currently under advice December 31, 2023.
Source Thornburgh Investment Management