For Terms and Definitions, please click here.
March 31, 2021
Opinions expressed are subject to change, are not guaranteed and should not be considered investment advice.
As of March 31, 2021, the standardized performance for the Bloomberg Barclays U.S. Govt./Credit 1-5 year Index is as follows: 1-Year 1.90%, 5-Year 2.33% and 10-Year 2.10%. The Bloomberg Barclays U.S. Government/Credit 1-5 Year Index is a market-value-weighted index of all investment grade bonds with maturities of more than one year and less than 5 years. As of March 31, 2021, the standardized performance for the Bloomberg Barclays U.S. Credit 1-5 Year Index is as follows: 1-Year 5.88% 5-Year 3.06% and 10-Year 2.90%. The Bloomberg Barclays U.S. Credit 1-5 Year Index is a market value weighted performance benchmark which includes virtually every major investment-grade rated corporate bond with 1-5 years remaining until maturity that serves as a supplementary benchmark. You cannot directly invest in an index. Bloomberg® is a trademark and service mark of Bloomberg Finance L.P. Barclays® is a trademark and service mark of Barclays Bank PLC.
Ratings are provided by Standard & Poor’s, who assign a rating based on their analysis of the issuer’s credit worthiness. The highest rating given is AAA and the lowest is C.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent calendar quarter-end and month-end may be obtained by clicking the links.
Compared to a portfolio that is more evenly allocated between government and corporate bonds, a portfolio that is heavily allocated to corporate bonds may provide higher returns, but is also subject to greater levels of credit and liquidity, risk and to greater price fluctuations.
The federal government guarantees interest payments from government securities while corporate bond interest payments carry no such guarantee. Government securities, if held to maturity, guarantee the timely payment of principal and interest.
Investment grade indicates that a municipal or corporate bond has a relatively low risk of default.
Mutual fund investing involves risk, principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. The risk is usually greater for longer-term debt securities. Investments in Asset Backed and Mortgage Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic development Investments in bonds of foreign issuers involve greater volatility, political and economic risks, and differences in accounting methods Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. Results include the reinvestment of all dividends and capital gains distributions.
For Fund holdings information, please refer to the Fund Calendar Quarter Holdings section of this website. Securities and sectors mentioned are not recommendations to buy or sell any security and are subject to change at anytime.
Current and future portfolio holdings are subject to risk.
The Thompson IM Funds are distributed by Quasar Distributors, LLC.