For Terms and Definitions, please click here.

2017 Commentaries
September 30, 2017
June 30, 2017
March 31, 2017

2016 Commentaries
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016

2015 Commentaries
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015

2014 Commentaries
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014

2013 Commentaries
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013

2012 Commentaries
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012

2011 Commentaries
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011

2010 Commentaries
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010

2009 Commentaries
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009

Opinions expressed are subject to change, are not guaranteed and should not be considered investment advice.

Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.

Diversification does not assure a profit nor protect against loss in a declining market.

As of September 30, 2017, the standardized performance for the Russell Midcap Index is as follows: 1-Year 15.32%, 5-Year 14.26% and Since Inception (03/31/08) 10.15%.  The Russell Midcap Index measures the performance of the 800 smallest companies in the Russell 1000 Index based on total market capitalization. You cannot invest directly in an index.   FTSE Russell is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. “FTSE®” and “Russell®” are trademarks of the London Stock Exchange Group.

The Earnings Growth Rate is not a forecast of the fund’s future performance. Earnings growth for a Fund holding does not guarantee a corresponding increase in the market value of the holding or the Fund.

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.

Mutual fund investing involves risk. Principal loss is possible. Midcap companies tend to have limited liquidity and greater volatility than large-capitalization companies. Investments in real estate securities may involve greater risk and volatility including greater exposure to economic downturns and changes in real estate values, rents, property taxes, tax, and other laws. A real estate investment trust’s (REITs) share price may decline because of adverse developments affecting the real estate industry. Investments in American Depository Receipts (ADRs) are subject to some of the same risk associated with directly investing in securities of foreign issuers, including the risk of changes in currency exchange rates, expropriation or nationalization of assets, and the impact of political, diplomatic, or social events.

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.

© 2017 THOMPSON IM FUNDS, INC.