Thornburg Launches Core Plus Bond Fund (THCIX)

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Jan 17, 2024, 18:00 ET

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: [email protected]

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.

SOURCE Thornburg Investment Management