Please refer
to the Prospectus for
more complete information including investment objectives,
risks, charges and expenses of the investment company.
The prospectus contains this and other information
about the investment company. Please read it carefully
before you invest.
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..
Diversification does not assure a profit nor protect against loss in a declining market.
Duration is a commonly used measure
of the potential volatility of the price of a debt security,
or the aggregate market value of a portfolio of debt
securities, prior to maturity. Securities with a longer
duration generally have more volatile prices than securities
of comparable quality with a shorter duration.
SEC Yield is a standardized yield computed
by dividing the net investment income per share earned
during the 30-day period prior to month-end and was created
to allow for fairer comparisons among bond funds.
The YTM represents the average yield
to maturity of the bonds in the portfolio and is not representative
of the funds yield.
While the Fund is no-load, management fees and other expenses will apply. Please refer to the prospectus for additional details.
Investment-Grade refers to a bond considered investment grade if its credit rating is BBB- or higher by Standard & Poor's or Baa3 or higher by Moody's or comparable ratings or higher from another nationally recognized rating agency. Ratings are based on a corporate bond model. The higher the rating the more likely the bond will pay back par/100 cents on the dollar.
Below Investment-Grade refers to a security that is rated below investment grade. These securities are seen as having higher default risk or other adverse credit events, but typically pay higher yields than better quality bonds in order to make them attractive. They are less likely to pay back 100 cents on the dollar.
The Thompson IM Funds are distributed by Quasar Distributors, LLC. |
