In the News

  • The Bond Buyer 2018: Rising Stars
    Fall 2018 [Nicholos Venditti, CFA]
    Described as a “municipal bond evangelist,” Nick Venditti is one of The Bond Buyer’s 2018 Rising Stars.
  • A Top-Performing, Global ESG Fund
    October 22, 2018 [Better World International Fund, Di Zhou, CFA, FRM, Jim Gassman]
    The investment methodology and philosophy that drives Better World International Fund is captured in this interview with Portfolio Managers Di Zhou and Jim Gassman.
  • Thornburg Better World International Fund Celebrates Three-Year Anniversary
    Thornburg is pleased to announce the three-year anniversary of Thornburg Better World International Fund.
  • Alternative Alternative
    August 3, 2018 [Long/Short Equity Fund, Connor Browne, CFA, Bimal Shah]
    “After a long run in stocks and with rising interest rates, you need another answer to diversify. This is a good one,” says Portfolio Manager Connor Browne about the Thornburg Long/Short Equity Fund.
  • Generating Attractive Returns Through Stock Selection in a Long/Short Fund
    August 3, 2018 [Long/Short Equity Fund, Connor Browne, CFA, Bimal Shah]
    In-depth Q&A about long/short equity investing with Portfolio Manager Connor Browne and Associate Portfolio Manager Bimal Shah. Rather than focusing on a particular market sector, Connor explains that “We’re much better at picking individual stocks within sectors and allowing our stock picking to drive portfolio results.”
  • Secular Trends in an International Portfolio
    July 2018 [International Growth Fund, Greg Dunn, Sean Sun, CFA]
    An interview with Thornburg International Growth Fund Portfolio Managers Greg Dunn and Sean Sun reveals the team’s rigorous, bottom-up fundamental analysis as the key to identifying high-quality growth companies.
  • What Investors Want to Hear From Powell at Jackson Hole
    August 20, 2018 [Jason Brady, CFA]

    CEO Jason Brady talks with Bloomberg TV about a range of topics, from all-time market highs, the Fed’s Jackson Hole symposium, and opportunities in emerging markets.

  • Thornburg CEO Sees ‘Knock-on Effects’ from Turkish Turmoil
    August 13, 2018 [Jason Brady, CFABloomberg Markets]

    CEO Jason Brady discusses the impact of the Turkey crisis on financial markets with Bloomberg's Shery Ahn and Julie Hyman on "Bloomberg Markets" 

  • The two-way floating of the RMB exchange rate is a step toward a stable road
    July 2018 [Jason Brady, CFA]
    CEO Jason Brady tells Chinese media outlet Caixin that he believes that the main reason for the recent devaluation of the renminbi is the Fed’s rate hike. On another level, the depreciation of the renminbi is not entirely a bad thing, but two-way floating is an important step in its journey to stability.
  • Getting Ahead of the Curve With Alternatives
    July 10, 2018 [Connor Browne, CFA]
    Portfolio Manager Connor Browne tells Bloomberg Radio that while the economy is still strong, investors should plan ahead before the next equity downturn, and alternatives could make a lot of sense in portfolios today.
  • Morningstar Analyst Report: Thornburg Investment Income Builder
    October 18, 2018 [Investment Income Builder Fund, Jason Brady, CFA, Ben Kirby, CFA, Brian McMahon]
    Morningstar’s analysis of Thornburg Investment Income Builder Fund, based on five key pillars: Process, Performance, People, Parent, and Price.
  • Morningstar Analyst Report: Thornburg Limited Term Muni
    October 18, 2018 [Limited Term Municipal Fund, Christopher Ryon, CFA, Nicholos Venditti, CFA]
    Morningstar’s analysis of Thornburg Limited Term Municipal Fund, based on five key pillars: Process, Performance, People, Parent, and Price.
  • Thornburg Announces New Hires on Global Distribution Team
    July 10, 2018 [Global Distribution Team]
    Thornburg Investment Management announced three new hires on the firm’s global distribution team.
  • The Importance of Quarterly Guidance
    June 7, 2018 [Jeff Klingelhofer, CFACNBC Asia]
    Portfolio Manager Jeff Klingelhofer says a "long history of doing the right thing" is an important way to look at companies, but quarterly guidance can be helpful for active investors too, on CNBC Asia's "Squawk Box".
  • How One Bond Fund Finds Yield While Minimizing Risk
    May 10, 2018 [Jason Brady, CFA]
    President and CEO Jason Brady describes Thornburg Limited Term Income Fund’s laddered structure for managing the effects of volatility and rising rates and the team’s open communication style between its analysts, traders, and co-managers.
  • CEO Jason Brady tells Bloomberg TV that 60/40 Hasn’t Been Working This Year
    May 17, 2018 [Jason Brady, CFA]

    Thornburg President and CEO Jason Brady discusses markets, volatility and the 60/40 portfolio allocation strategy on "Bloomberg Markets." 

  • Value Investor Insights with Portfolio Manager Connor Browne
    April 30, 2018 [Connor Browne, CFA]
    In two separate articles, Portfolio Manager Connor Browne, CFA, weighs in on the thought process Thornburg employs on accessing investments in the healthcare industry.
  • The Challenge for Markets Now is Repricing Risks
    April 20, 2018 [Jeff Klingelhofer, CFACNBC Asia]

    Investors are right to be optimistic about the global economy, but need to accept that volatility will be part of the ride, says Global Fixed Income Portfolio Manager Jeff Klingelhofer.

  • FAANG Dominance: Consuelo Mack interviews Portfolio Manager Connor Browne
    March 15, 2018 [Connor Browne, CFA]

    Known as the FAANGs, Facebook, Amazon, Apple, Netflix, and Google/Alphabet could also be dubbed the great disruptors. They've created new businesses and destroyed old ones, changing the way we conduct our personal and business lives in the process. Will they continue to dominate, even as they encroach on each other's turf?

  • Thornburg Investment Management Receives Two Lipper Fund Awards
    Thornburg Investment announced that two mutual funds, the Thornburg Limited Term Municipal Fund and Thornburg International Growth Fund each received the prestigious Lipper Fund Award.
  • Behind the Success of a Top-Performing International Fund
    August 22, 2017 [International Growth Fund, Greg Dunn]
    Portfolio Manager Greg Dunn on Thornburg International Growth Fund: "If you look at the active share of the fund, which is a measure of how little we look like the benchmark, it is very high."
  • Thornburg Investment Management Signs the Principles for Responsible Investment
    August 14, 2017 [Our Firm]
    As a further commitment to responsible investing, Thornburg announced that it has signed the United nations-support Principles for Responsible Investment (PRI).
  • Thornburg Investment Management Appoints Carter Sims to Head of Global Distribution
    May 15, 2017 [Our Firm]
    William Mac "Carter" Sims has joined Thornburg as the Head of Global Distribution. Mr. Sims will be responsible for leading the sales and distribution efforts across the company's institutional, intermediary and offshore lines of business.
  • Thornburg Launches Limited Term Income UCITS Fund
    May 3, 2017 [Limited Term Income Fund]
    The firms first fixed income UCITS product, Limited Term Income Fund, is now available to overseas investors.
  • Emerging Markets: Low Fashion, High Durability
    April 12, 2017 [Developing World Fund, Ben Kirby, CFA]
    Portfolio Manager Ben Kirby discusses Thornburg Developing World Fund (UCITS) and the risks and opportunities as emerging markets rebound.
  • Thornburg Investment Management Adds R6 Shares on Four Funds
    R6 share classes have been added to Thornburg Global Opportunities Fund, Investment Income Builder Fund, Limited Term Income Fund and Strategic Income Fund.
  • Thornburg Investment Management Receives Two Lipper Fund Awards
    Two of Thornburg's fixed income funds, Thornburg Limited Term Municipal Fund and Thornburg Limited Term U.S. Government Fund, received prestigious Lipper Fund Awards.
  • NM financial adviser: 'Women are not an afterthought. This is a huge part of the market.'
    February 1, 2017 [Jan Blakeley Holman]
    …"there are characteristics of women that advisers should be aware of. They are relationship-oriented, they have an interest in learning and being educated about what they’re doing, and in managing risk."
  • Thornburg Launches Long/Short Equity Fund—Adding Liquid Alternative to the Firm’s Equity & Bond Fund Line-up
    January 5, 2017 [Long/Short Equity Fund]
    Thornburg Investment Management has launched Thornburg Long/Short Equity Fund (THLSX), its first liquid alternative fund, effective December 30, 2016. Using the same active, bottom-up investment process that supports all Thornburg products, the new fund offers a focused, opportunistic approach to equities investing.
  • Thornburg Investment Management Receives Lipper Fund Award
    Thornburg Investment Management announced that its Thornburg Limited Term Municipal Fund, received the prestigious Lipper Fund Award for consistent performance, for the sixth year in a row.
  • Thornburg UCITS Range of Funds Available on UK Platform of Raymond James Investment Services Ltd.
    December 8, 2015 [UCITS Funds]
    Raymond James is the first U.K. wealth manager to distribute the Thornburg UCITS fund range. This will provide discretionary fund managers and fund selectors with access to Thornburg's Dublin domiciled UCITS funds.
  • Thornburg Investment Management Promotions Focus on Preserving Firm's Unique Process and Culture
    December 8, 2015 [Jason Brady, CFA, Brian McMahon, William Fries, CFA, Di Zhou, CFA, Lei Wang, CFA]
    Effective January 1, 2016, Thornburg Investment Management has named Jason Brady to be President and CEO. Current President and CEO Brian McMahon was named Vice Chairman...
  • It would be 'almost impossible' to bootstrap a company like Thornburg Investment today
    August 14, 2015 [Garrett Thornburg]
    Business First talks to Garrett Thornburg about the regulatory environment – tax policy, compliance burdens, the Dodd-Frank Act, and other regulations can all impact business decisions.
  • Thornburg Receives Eleven Informa "Top Gun" Rankings for Five Diverse Strategies
    Five institutional investment strategies offered by Thornburg Investment Management were awarded the "Top Guns" distinction from Informa Investment Solutions' PSN manager ranking database for the period ended March 31, 2015. Achieving the Top Gun distinction means a product is among the top 10 performers within one or more peer groups reporting to PSN, the longest - running investment manager database in North America.
  • Thornburg Named "Global Core Equity Manager" of the Year in Institutional Investor Magazine's 2015 U.S. Investment Management Awards
    April 28, 2015 [institutional Strategies]
    These awards recognize U.S. money managers who "stood out in the eyes of the investor community for their exceptional performance, risk management and service." Managers are short-listed by Institutional Investor’s editorial staff, in consultation with eVestment, and winners are chosen based on the result s of a survey of U.S. institutional investors.
  • Thornburg Investment Management Receives Two Lipper Fund Awards
    Thornburg Investment Management announced that two of its funds, Limited Term Municipal and International Growth, received the prestigious Lipper Fund Awards for consistent performance.
  • Thornburg Announces Portfolio Manager Promotions Across Fixed Income and Equity Strategies
    February 2, 2015 [Equity Funds, Bond Funds]
    Lon Erickson and Jeffrey Klingelhofer have been named portfolio managers on all of Thornburg's Global Fixed Income strategies. Nicholos Venditti was named portfolio manager on Thornburg’s suite of seven municipal bond funds. On the equity team, Robert MacDonald was named co-portfolio manager of the Thornburg Value Fund.
  • Thornburg Investment Management Announces Launch of Low Duration Income Fund and Low Duration Municipal Fund
    Thornburg Investment Management (TIM) announced today that it has launched the Thornburg Low Duration Income Fund (ticker: TLDAX and TLDIX) and the Thornburg Low Duration Municipal Fund (ticker: TLMAX and TLMIX), effective December 30, 2013. The primary investment goal of both funds is current income (exempt from federal income tax in the case of the muni fund), consistent with preservation of capital.
  • Thornburg Investment Management Sponsors First Leadership Boot Camp for Elite Women of Wall Street
    December 4, 2013 [our Firm]
    Thirty-two women who serve in critical decision-making roles in the financial services industry made history by completing the first leadership boot camp designed exclusively for elite women. The two-and-a-half day program, sponsored by Thornburg Investment Management, was conducted November 19 – 21, 2013 at The Historic Thayer Hotel at West Point, which sits on the grounds of the U.S. Military Academy.
  • A Trade Built on Trust
    September 23, 2012 [Our Firm, Garrett Thornburg]
    The Santa Fe New Mexican published this reflection on Thornburg Investment Management's 30-year history, titled "A Trade Built on Trust."
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The performance data quoted represents past performance; it does not guarantee future results.

There is no guarantee that the Fund will meet its investment objectives.

Investments carry risks, including possible loss of principal. Additional risks may be associated with investments outside the United States, especially in emerging markets, including currency fluctuations, illiquidity, volatility, and political and economic risks. Investments in small- and mid-capitalization companies may increase the risk of greater price fluctuations. Portfolios investing in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds. The value of bonds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. This effect is more pronounced for longer-term bonds. Unlike bonds, bond funds have ongoing fees and expenses. Investments in mortgage-backed securities (MBS) may bear additional risk. Investments in lower rated and unrated bonds may be more sensitive to default, downgrades, and market volatility; these investments may also be less liquid than higher rated bonds. Investments in derivatives are subject to the risks associated with the securities or other assets underlying the pool of securities, including illiquidity and difficulty in valuation. A short position will lose value as the security's price increases. Theoretically, the loss on a short sale can be unlimited. Investments in the Funds are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.

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