The Thornburg Strategic Income Fund is managed by a highly experienced three-person team led by Lon Erickson, CFA, who serves as portfolio manager and managing director with oversight of multiple investment strategies including the Multisector Opportunistic strategy that manages $10.5 billion in assets. Erickson joined Thornburg in 2008, was promoted to portfolio manager in 2010, and holds an MBA from the University of Chicago Graduate School of Business along with his CFA designation. Christian Hoffmann, CFA, serves as Head of Fixed Income and portfolio manager, joining Thornburg in 2012 and promoted to head of fixed income in 2024, bringing extensive experience from senior credit analyst roles at H.I.G. Capital and Lehman Brothers with particular expertise in distressed debt and credit-driven special situations. Ali Hassan, CFA, FRM, rounds out the team as portfolio manager and managing director, joining Thornburg in 2013 and promoted to portfolio manager in 2021, bringing valuable risk management expertise through his FRM designation. The management company, Thornburg Investment Management, was founded in 1982 by Garrett Thornburg in Santa Fe, New Mexico, and has grown into a global investment firm managing approximately $55 billion in assets with a reputation for innovative, actively managed, disciplined investment strategies. The firm operates as a privately owned entity with a collaborative culture focused on delivering active, high-conviction portfolios to institutions, advisors, and investors. Recent leadership transitions include Mark Zinkula serving as CEO while founder Garrett Thornburg remains as chairman, ensuring continuity of the firm's investment philosophy and operational excellence.

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The Thornburg Strategic Income Fund employs a highly active and flexible investment approach designed to provide investors with a high level of current income while seeking some long-term capital appreciation. The fund's philosophy centers on unconstrained global investing across any income-producing security worldwide, with the ability to invest across sectors and issuers without benchmark constraints. The strategy maintains a generally defensive posture to protect capital while seeking to participate in upside opportunities and limiting downside risk. At Thornburg, the firm believes unconstrained investing leads to better outcomes for clients, with a collaborative culture that produces highly active, high-conviction, and benchmark-agnostic investment solutions. The fund pursues its investment goals by investing in a broad range of income-producing investments from throughout the world, primarily including debt obligations across corporate bonds, government securities, agency mortgage-backed securities, asset-backed securities, and international debt instruments. This global and flexible mandate enables the portfolio managers to respond dynamically to changing market conditions and identify the most attractive risk-adjusted opportunities across global fixed-income markets. The investment process emphasizes active management and global diversification across fixed-income sectors to deliver superior risk-adjusted returns compared to passive benchmark strategies. The fund's approach reflects the portfolio managers' expertise in credit analysis, interest rate management, and global macroeconomic assessment. Risk management remains paramount, with the team focusing on capital preservation while opportunistically pursuing income generation and capital appreciation across market cycles.

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