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For Terms and Definitions, please click here.
2024 Commentaries
September 30, 2024
June 30, 2024
March 31, 20242023 Commentaries
December 31, 2023
September 30, 2023
June 30, 2023
March 31, 20232022 Commentaries
December 31, 2022
September 30, 2022
June 30, 2022
March 31, 20222021 Commentaries
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
2020 Commentaries
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 20202019 Commentaries
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 20192018 Commentaries
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 20182017 Commentaries
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 20172016 Commentaries
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 20162015 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.
As of September 30, 2024, the standardized performance for the Bloomberg U.S. Govt./Credit 1-5 year Index is as follows: 1-Year 8.10%, 5-Year 1.54% and 10-Year 1.78%. The Bloomberg U.S. Government/Credit 1-5 Year Index is a market-value-weighted index of all investment grade bonds with maturities of more than one year and less than 5 years. As of September 30, 2024, the standardized performance for the Bloomberg U.S. Credit 1-5 Year Index is as follows: 1-Year 9.39% 5-Year 2.12% and 10-Year 2.36%. The Bloomberg U.S. Credit 1-5 Year Index is a market value weighted performance benchmark which includes virtually every major investment-grade rated corporate bond with 1-5 years remaining until maturity that serves as a supplementary benchmark. You cannot directly invest in an index. Bloomberg® is a trademark and service mark of Bloomberg Finance L.P.
Ratings are provided by Standard & Poor’s, who assign a rating based on their analysis of the issuer’s credit worthiness. The highest rating given is AAA and the lowest is C.
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.
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.
The federal government guarantees interest payments from government securities while corporate bond interest payments carry no such guarantee. Government securities, if held to maturity, guarantee the timely payment of principal and interest.
Investment grade indicates that a municipal or corporate bond has a relatively low risk of default.
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.
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.