- Thornburg expands fixed income solutions, adding
intermediate core plus bond to strong ultra-short, short-term and
multisector bond offerings
SANTA
FE, N.M., Jan. 17, 2024 /PRNewswire/ -- Thornburg
Investment Management ("Thornburg"), a global investment firm that
oversees $43 billion in
assets1, today announced the recent launch of Thornburg
Core Plus Bond Fund (the "Fund") (Ticker: THCIX) to a strong
line-up of proven global taxable fixed income solutions. The Fund
seeks to maximize total return, consistent with the long-term
preservation of capital.
"For over 40 years, Thornburg has been recognized as a leader in
fixed income investing," said Thornburg Co-Head of Investments Jeff
Klingelhofer. "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 offers clients a
much-needed solution for what is typically a large allocation
within an investor's bond portfolio and it fits seamlessly within
our investing framework and platform."
The Fund invests primarily in U.S. investment-grade fixed-income
bonds with the flexibility to invest in below investment-grade
securities and bonds from non-U.S. issuers to achieve its total
return objective. Jeff Klingelhofer,
Lon Erickson and Christian Hoffmann are co-portfolio managers of
the Fund.
To learn more about Thornburg Core Plus Bond Fund, call 877 215
1330 or visit Thornburg's website:
https://www.thornburg.com/product/mutual-funds/fcb/?class=I.
About Thornburg
Thornburg Investment Management (Thornburg) is a global
investment firm delivering on strategy for institutions, financial
professionals and investors worldwide. The privately held firm,
founded in 1982, is an active, high-conviction manager of equities,
fixed income and multi-asset solutions. With $43 billion1 in client assets as of
December 31, 2023, the firm offers
mutual funds, closed-end funds, institutional accounts, separate
accounts and UCITS funds for non-U.S. investors.
As an independent firm, Thornburg can take on a wide range of
opportunities, explore ideas thoroughly and work across strategies
to deliver consistent risk-adjusted outperformance over the long
term. The firm attracts free-thinking professionals who are eager
to pursue investment outcomes beyond the confines of popular
wisdom. From nimble operational capabilities to principles and
actions fitting of a global citizen, Thornburg's world-class
investment platform and team are aligned on strategy to serve
investors.
Thornburg's U.S. headquarters is in Santa Fe, New Mexico with offices in
Hong Kong and Shanghai. For more information, visit
www.thornburg.com or call 877 215 1330.
Media Inquiries
Michael Corrao
Director of Global Communications
Thornburg Investment Management
Tel: +1 505 467 5345
Email: mcorrao@thornburg.com
Investments carry risks, including possible loss of principal.
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. This effect is
more pronounced for longer-term bonds. Unlike bonds, bond funds
have ongoing fees and expenses. Investments in lower rated and
unrated bonds may be more sensitive to default, downgrades, and
market volatility; these investments may also be less liquid than
higher rated bonds. Investments in derivatives are subject to the
risks associated with the securities or other assets underlying the
pool of securities, including illiquidity and difficulty in
valuation. Investments in equity securities are subject to
additional risks, such as greater market fluctuations. Additional
risks may be associated with investments outside the United States, especially in emerging
markets, including currency fluctuations, illiquidity, volatility,
and political and economic risks. Investments in the Fund are not
FDIC insured, nor are they bank deposits or guaranteed by a bank or
any other entity.
A bond credit rating assesses the financial ability of a debt
issuer to make timely payments of principal and interest. Ratings
of AAA (the highest), AA, A, and BBB are investment-grade quality.
Ratings of BB, B, CCC, CC, C and D (the lowest) are considered
below investment grade, speculative grade, or junk bonds.
Class I shares may not be available to all investors. Minimum
investments for the I share class may be higher than those for
other classes.
There is no guarantee that the Fund will meet its investment
objectives.
Please see our glossary for a definition of terms.
Before investing, carefully consider the Fund's investment
goals, risks, charges, and expenses. For a prospectus or summary
prospectus containing this and other information, contact your
financial advisor or visit thornburg.com. Read them carefully
before investing.
Thornburg mutual funds are distributed by Thornburg Securities
LLC.
Thornburg Investment Management, Inc. mutual funds are sold
through investment professionals including investment advisors,
brokerage firms, bank trust departments, trust companies and
certain other financial intermediaries. Thornburg Securities LLC
(TSL) does not act as broker of record for investors.
1 Includes $42 billion
in assets under management and $1
billion in assets under advisement as of December 31, 2023.
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SOURCE Thornburg Investment Management