About TSUMX
Thornburg Summit Fund Class I is a multi-asset mutual fund designed to provide both capital appreciation and current income with the objective of exceeding the rate of inflation over time. The fund pursues this goal by actively allocating its assets across a diverse mix of global equities and fixed income securities, while also retaining the flexibility to invest a significant portion in short positions if market conditions warrant. Its asset allocation strategy is dynamic, lacking strict percentage limits on asset classes, and is adjusted in response to evolving economic and market trends.
The fund is designed for investors seeking a moderate allocation, typically categorized within the 30% to 50% equity range, but allocations may vary based on the management team's view of relative value and opportunity. Its portfolio spans sectors such as technology, finance, health care, industrials, and retail, and includes holdings in domestic and foreign equities as well as a range of fixed income instruments like U.S. Treasury bonds, corporate bonds, and asset-backed securities. By blending growth-oriented stocks with income-generating bonds, Thornburg Summit Fund Class I aims to help investors preserve purchasing power while participating in global market growth, making it a notable option for those pursuing balanced exposure in their investment portfolios.
Fund Family Thornburg
Category Alt Long/Short Eq
Performance Rating High
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol TSUMX
Share Class - Class I
Index MSCI AC World NR USD
TSUMX had a total return of 21.98% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.65%.
