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Thompson Bond Fund Characteristics (THOPX)
Fund Facts | Portfolio Statistics | Fund Concentration | Asset Allocation | Largest Holdings
Fund Facts
Fund Inception: February 10, 1992Dividend 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 September 30, 2024
Fund Assets: $1.44 billionNet Asset Value: $10.38
Duration: 1.85
Number of Holdings: 412
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.
back to topPortfolio Concentration as of September 30, 2024
| % of Total Investments | |
| AAA | 0.20% |
| AA | 7.53% |
| A | 13.23% |
| BBB | 60.23% |
| BB & Below | 16.93% |
| Not Rated | 1.72% |
| Cash | 0.16% |
Ratings provided by Standard & Poor's, Moody's, and Fitch. When ratings are available from multiple rating agencies, a conservative methodology is to be adopted: For cases where there are three distinct ratings available, use the middle-quality rating (dropping the highest and lowest ratings); if two different ratings are available, use the lower rating; if only one agency rates a holding, then use that rating. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. For cases where there is not a rating available from any agency, the holding is classified as Not Rated. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Each security in the Fund is assigned the highest credit quality rating provided by a nationally recognized statistical rating organization (e.g. S&P, Moody’s, Fitch) to determine compliance with the quality requirements stated in its Prospectus.
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Asset Allocation as of September 30, 2024
| % of Total Investments | |
| Corporate Bonds | 64.72% |
| Commercial Mortgage-Backed Securities | 14.25% |
| Asset-Backed Securities | 13.56% |
| U.S. Government Agency Mortgage-Backed Securities | 2.76% |
| U.S. Government & Agency Securities | 2.43% |
| U.S. Treasury Bills | 2.07% |
| Cash & Cash Equivalents | 0.17% |
| Taxable Municipal Bonds | 0.02% |
| Residential Mortgage-Backed Securities | 0.01% | Convertible Bonds | 0.01% |
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Largest Bond Holdings as of September 30, 2024
| Issuer | % of Net Assets |
| U.S. Treasury | 3.77% |
| Lincoln National | 2.94% |
| JPMBB Commmercial Mortgage Securities Trust | 1.92% |
| Labrador Aviation Finance | 1.82% |
| Morgan Stanley BAML Trust | 1.68% |
| Wells Fargo Commercial Mortgage Trust | 1.68% |
| Coinstar Funding | 1.61% |
| Ginnie Mae | 1.60% |
| COMM Mortgage Trust | 1.55% |
| WFRBS Commercial Mortgage Trust | 1.43% |
Portfolio holdings and assets/sector allocations are subject to change and are not recommendations to buy or sell any security.
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.
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 September 30, 2024, 64.72% of the Fund’s portfolio was invested in corporate bonds. Due to prevailing market conditions, the percentage of corporate bonds held in the Fund’s portfolio over the past 5 years has generally equaled or exceeded the percentage of corporate bonds held in the Fund’s portfolio as of that date. In addition, as of that date 31.58% of the Fund’s portfolio was invested in securities rated BBB by Standard & Poor’s, while an additional 6.35% of the Fund’s portfolio was rated below investment grade and 50.17% of the Fund’s portfolio was not rated by Standard & Poor’s. Additional information regarding the ratings of securities held in the Fund’s portfolio, including information pertaining to securities that have not been rated by Standard & Poor’s but have been rated by another Nationally Recognized Statistical Credit Rating Organization, is available in Portfolio Concentration table above. For portfolio information current as of the most recent quarter-end, please call 1-800-999-0887 or visit our website at www.thompsonim.com. 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.