Skip to Content
Morningstar

Thornburg Strategic Income A TSIAX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 11.10  /  0.01 %
  • Total Assets 7.0 Bil
  • Adj. Expense Ratio
    1.050%
  • Expense Ratio 1.050%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 3.95%
  • Effective Duration 3.35 years

USD | NAV as of Sep 20, 2023 | 1-Day Return as of Sep 20, 2023, 10:24 PM GMT+0

Morningstar’s Analysis TSIAX

Will TSIAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TSIAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the TSIAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of TSIAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A small team executes a sensible relative value, risk-controlled process.

Senior Analyst Peter Marchese

Peter Marchese

Senior Analyst

Summary

Thornburg Strategic Income is managed by a small but highly experienced group of portfolio managers and analysts who apply a sector-agnostic, relative-value-driven approach across most fixed-income sectors, but its supporting team of analysts is slimmer than rivals in the multisector bond Morningstar Category. It receives a Morningstar Analyst Rating of Neutral across most share classes, and negative for its most expensive.

by Peter Marchese
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings TSIAX

More TSIAX Holdings
  • Current Portfolio Date
  • Equity Holdings 3
  • Bond Holdings 1089
  • Other Holdings 22
  • % Assets in Top 10 Holdings 17.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Thornburg Capital Management

9.54
650,002,636
—

United States Treasury Notes 2.875%

1.33
90,436,473
Government

United States Treasury Notes 1.25%

1.11
75,307,884
Government

United States Treasury Notes 0.125%

1.06
72,365,126
Government

Federal Home Loan Mortgage Corporation 3%

0.95
64,714,627
Securitized

Cash & Cash Equivalents

0.86
58,649,417
Cash and Equivalents

United States Treasury Notes 1.125%

0.76
51,675,000
Government

United States Treasury Notes 1.25%

0.64
43,511,719
Government

Federal Home Loan Mortgage Corporation 3%

0.62
42,091,631
Securitized

United States Treasury Notes 3.375%

0.60
40,755,643
Government