Thornburg Strategic Income Fund (TSIIX)
The investment seeks a high level of current income; some long-term capital appreciation is a secondary consideration. 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.
Fund Info
| ISIN | US8852151948 |
|---|---|
| CUSIP | 885215194 |
| Issuer | Thornburg |
| Inception Date | Dec 18, 2007 |
| Category | Multisector Bonds |
| Min. Investment | $2,500,000 |
| Asset Class | Bond |
Expense Ratio
TSIIX features an expense ratio of 0.60%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: TSIIX vs. FCFAX, TSIIX vs. JMSIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Thornburg Strategic Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Thornburg Strategic Income Fund had a return of 4.90% year-to-date (YTD) and 9.50% in the last 12 months. Over the past 10 years, Thornburg Strategic Income Fund had an annualized return of 3.47%, while the S&P 500 had an annualized return of 11.43%, indicating that Thornburg Strategic Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.90% | 25.82% |
| 1 month | -0.24% | 3.20% |
| 6 months | 4.27% | 14.94% |
| 1 year | 9.50% | 35.92% |
| 5 years (annualized) | 3.54% | 14.22% |
| 10 years (annualized) | 3.47% | 11.43% |
Monthly Returns
The table below presents the monthly returns of TSIIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.40% | -0.40% | 0.92% | -1.29% | 1.39% | 0.86% | 1.87% | 1.14% | 1.22% | -1.35% | 4.90% | ||
| 2023 | 2.27% | -0.97% | 1.45% | 0.54% | -0.16% | 0.20% | 0.64% | -0.06% | -1.13% | -0.77% | 3.08% | 2.38% | 7.63% |
| 2022 | -1.03% | -1.05% | -1.23% | -1.67% | 0.12% | -2.23% | 1.64% | -0.66% | -2.17% | -0.03% | 1.90% | 0.19% | -6.13% |
| 2021 | 0.40% | 0.14% | -0.19% | 0.69% | 0.49% | 0.38% | 0.54% | 0.30% | 0.06% | -0.10% | -0.53% | 0.36% | 2.56% |
| 2020 | 0.80% | 0.20% | -6.49% | 2.82% | 2.92% | 2.10% | 1.98% | 0.81% | 0.37% | 0.44% | 1.52% | 0.88% | 8.29% |
| 2019 | 1.64% | 0.68% | 0.86% | 0.68% | 0.43% | 1.02% | 0.33% | 0.89% | 0.05% | 0.31% | 0.22% | 0.56% | 7.93% |
| 2018 | 0.08% | -0.26% | 0.00% | -0.09% | 0.28% | 0.03% | 0.47% | 0.47% | 0.12% | -0.48% | 0.04% | 0.08% | 0.72% |
| 2017 | 1.00% | 0.89% | 0.34% | 0.92% | 0.83% | 0.32% | 0.66% | 0.57% | 0.15% | 0.29% | 0.10% | 0.25% | 6.49% |
| 2016 | -0.69% | -0.05% | 2.81% | 2.01% | 0.28% | 0.80% | 1.48% | 0.86% | 0.30% | 0.24% | -0.83% | 0.65% | 8.08% |
| 2015 | -0.25% | 1.14% | -0.14% | 1.23% | 0.11% | -0.76% | -0.32% | -1.19% | -1.11% | 1.14% | -0.81% | -1.36% | -2.33% |
| 2014 | 0.55% | 1.64% | 0.40% | 0.88% | 1.44% | 0.82% | -0.44% | 0.74% | -1.05% | 0.32% | -1.65% | -1.33% | 2.29% |
| 2013 | 1.79% | 0.27% | 1.25% | 1.32% | -0.81% | -1.73% | 0.83% | -0.51% | 1.82% | 1.49% | -1.97% | 0.28% | 4.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TSIIX is 68, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Thornburg Strategic Income Fund (TSIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Thornburg Strategic Income Fund provided a 4.93% dividend yield over the last twelve months, with an annual payout of $0.56 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.51 | $0.42 | $0.48 | $0.46 | $0.46 | $0.39 | $0.42 | $0.39 | $0.47 | $0.53 | $0.68 |
Dividend yield | 4.93% | 4.50% | 3.81% | 3.94% | 3.71% | 3.83% | 3.42% | 3.60% | 3.42% | 4.26% | 4.52% | 5.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Thornburg Strategic Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.47 | |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.51 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2021 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.48 |
| 2020 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.46 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2017 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.42 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.39 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.47 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.53 |
| 2013 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.68 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Thornburg Strategic Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Thornburg Strategic Income Fund was 24.71%, occurring on Nov 24, 2008. Recovery took 171 trading sessions.
The current Thornburg Strategic Income Fund drawdown is 1.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.71% | Feb 28, 2008 | 188 | Nov 24, 2008 | 171 | Jul 31, 2009 | 359 |
| -9.57% | Mar 6, 2020 | 13 | Mar 24, 2020 | 52 | Jun 8, 2020 | 65 |
| -9.33% | Nov 10, 2021 | 238 | Oct 20, 2022 | 293 | Dec 20, 2023 | 531 |
| -7.86% | Sep 2, 2014 | 366 | Feb 12, 2016 | 108 | Jul 19, 2016 | 474 |
| -6.12% | Aug 2, 2011 | 82 | Nov 25, 2011 | 64 | Feb 29, 2012 | 146 |
Volatility
Volatility Chart
The current Thornburg Strategic Income Fund volatility is 0.97%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.