Thompson Bond Fund Characteristics (THOPX)

Fund Facts | Portfolio Statistics | Fund Concentration | Asset Allocation | Largest Holdings

Fund Facts

Fund Inception: February 10, 1992
Dividend Frequency: Quarterly
Fund Ticker Symbol: THOPX
Sales Charges: None
Distribution (12b-1) Fees: None
Redemption Fees: None
Minimum Opening Investment: $250
Minimum Subsequent Investment: $50

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Portfolio Statistics as of March 31, 2019

Fund Assets: $3.70 billion
Net Asset Value: $11.39
Duration: 1.28 yrs
Number of Holdings: 588

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.

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Portfolio Concentration as of March 31, 2019

 % of Total Investments
U.S. Government & Government Related11.69%
BB & Below7.03%
Not Rated0.27%

The Fund’s portfolio concentration is calculated using ratings from Standard & Poor’s. If Standard & Poor’s does not rate a holding then Moody’s is used. If Standard & Poor’s and Moody’s do not rate a holding then Fitch is used. For certain securities that are not rated by any of these three agencies, credit ratings from other Nationally Recognized Statistical Credit Rating Organization (NRSRO) agencies may be used. Not Rated category includes holdings that are not rated by any NRSRO. All ratings are as of 3/31/19.


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Asset Allocation as of March 31, 2019

  % of Total Investments
Corporate Bonds66.25%
Asset-Backed Securities12.18%
U.S. Government & Agency Securities8.83%
Commercial Mortgage-Backed Securities3.73%
Taxable Municipal Bonds2.88%
U.S. Government Agency Mortgage-Backed Securities2.59%
Sovereign Bonds1.53%
Convertible Bonds0.84%
Commercial Paper0.67%
U.S. Treasury Bills0.27%
Tax-Exempt Municipal Bonds0.17%
Residential Mortgage-Backed Securities0.06%

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Largest Bond Holdings as of March 31, 2019

Issuer % of Net Assets
Fannie Mae3.80%
Ginnie Mae2.52%
Federal Home Loan Banks2.26%
XL Group PLC2.20%
County of Racine WI1.69%
Freddie Mac1.62%
General Electric1.57%
Ford Motor Credit1.49%

Portfolio holdings and assets/sector allocations are subject to change and are not recommendations to buy or sell any security.

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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.

The overall Morningstar Rating™ for the Thompson Bond Fund was five stars among 476 Short-Term Bond Funds as of 3/31/2019 (derived from a weighted average of the fund’s three-, five-, and ten-year risk-adjusted return measures).

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

The Thompson Bond Fund was rated against the following numbers of U.S.-domiciled Short-term Bond funds over the following time periods: 476 funds in the last three years, 415 funds in the last five years, and 266 funds in the last ten years for the period ending 3/31/2019. With respect to these Short-term Bond funds, Thompson Bond Fund received a Morningstar Rating of 5 stars for the three-year, five-year and ten-year periods. ©2019 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Duration: 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.

Although the makeup of the Bond Fund’s portfolio is constantly changing, as of March 31, 2019, 66.25% of the Fund’s portfolio was invested in corporate bonds. Due to prevailing market conditions, the composition of the Fund’s portfolio as of that date was consistent with the composition of the Fund’s portfolio over the past 5 years.  In addition, as of that date 57.31% of the Fund’s portfolio was invested in securities rated BBB by Standard & Poor’s, while an additional 4.67% of the Fund’s portfolio was rated below investment grade and 18.97% of the Fund’s portfolio was not rated by Standard & Poor’s. For portfolio information current as of the most recent quarter-end, please call 1-800-999-0887 or visit our website at 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. A portfolio that is significantly allocated to bonds having lower and below-investment-grade ratings may also be subject to greater levels of credit and liquidity risk and experience greater price fluctuations than a portfolio comprised of higher-rated investment-grade bonds.

While the Fund is no-load, management fees and other expenses will apply. Please refer to the prospectus for additional details.

The Thompson IM Funds are distributed by Quasar Distributors, LLC.