Thornburg Strategic Income Fund Class R5 is a mutual fund that actively manages a diversified portfolio of global income-producing securities, with a primary focus on fixed income. Its structure as a multisector bond fund allows it to invest across various bond sectors, including U.S. government obligations, corporate bonds, high-yield debt, foreign bonds, and, to a limited extent, income-producing equity securities. The fund is designed to seek both income and total return by leveraging this flexible investment approach, balancing opportunities for yield with prudent risk management. Notably, the fund holds a large number of individual securities—over a thousand—which helps to spread risk and harness opportunities across market environments. Its top ten holdings make up a relatively small portion of the overall portfolio, signaling a high degree of diversification compared to category peers. The fund is managed by Thornburg Capital Management and emphasizes outperformance during rising interest rates and capital preservation in down markets. Thornburg Strategic Income Fund Class R5 appeals to investors seeking steady income with a focus on downside protection, playing a key role in fixed income allocation strategies for both individual and institutional investors worldwide.