In the News

  • Opinion: Five lessons from a seasoned fund manager who knows how to beat the stock market
    November 28, 2017 [Global Opportunities Fund, Brian McMahon, CIO]
    In picking stocks, McMahon likes to see high barriers to entry, balance sheet strength, management quality, and alignment of executives’ interest with those of shareholders.
  • Tesla’s “James Bond” Scenario
    November 22, 2017 [Christian Hoffmann, CFA]

    Are we looking at a "James Bond" scenario with Tesla's cash burn rate? Thornburg Associate Portfolio Manager Christian Hoffmann explains this challenge on CNBC’s “Closing Bell.”

  • CNBC "Squawk Box" with CIO Brian McMahon
    October 26, 2017 [Brian McMahon]

    Chief Investment Officer Brian McMahon recently appeared on CNBC’s “What’s Working” to discuss the tech sector and why he likes Taiwan Semiconductor, China Mobile and Capital One Financial.

  • CNBC "Squawk Box" Asia with Portfolio Manager Jeff Klingelhofer
    October 19, 2017 [Jeff Klingelhofer, CFA]

    Global Fixed Income Portfolio Manager Jeff Klingelhofer discusses the rapid rise of the Dow and the diminishing of tailwinds that have propped up the markets.  With the current low volatility, there may be excess optimism, and the potential that active to passive flows will disrupt the expected unwind from the Fed.  

  • Bloomberg Radio Interview with Portfolio Manager Ben Kirby
    October 18, 2017 [Ben Kirby, CFA]

    Ben Kirby appeared on Bloomberg Radio to discuss opportunities for investing in emerging markets; including Russia and China, where he sees increasing consumer leverage over the next few years.  

  • Quality, Price and Path to Success
    October 4, 2017 [Vinson Walden, CFA]
    "To winnow the field of thousands of investable companies, we filter them through our three core beliefs—they must be high-quality businesses, trade at a low price, and have a path to success."
  • Thornburg's Brady: Active Managers Should Have No Fear of Passive
    August 22, 2017 [Jason Brady, CEO]
    "Active management is now an opportunity to stand out more."
  • 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."
  • Morningstar Analyst Report: Thornburg Limited Term Income
    Morningstar’s analysis of Thornburg Limited Term Income Fund, based on five key pillars: Process, Performance, People, Parent, and Price.
  • ValueInvestor Insight: Investing in Healthcare
    July 31, 2017 [Connor Browne, CFA]
    Portfolio Manager Connor Browne, CFA, talks about identifying the opportunities and risks in the healthcare sector today and the importance of investing with a "margin of safety."
  • 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).
  • Managers of $2.3 billion global fund turn away from the U.S.
    July 17, 2017 [Global Opportunities Fund, Vinson Walden, CFA]
    Portfolio Manager Vinson Walden, CFA discusses how “catalysts to propel gains” are helping to locate value-centric opportunities globally.
  • High Risk Bond Markets Give Active Management an Edge
    May 2017 [Nicholos Venditti, CFAJeff Klingelhofer, CFA]

    In this wide-ranging interview on Consuelo Mack WealthTrack, Portfolio Managers Jeff Klingelhofer, CFA and Nicholos Venditti, CFA discuss the state of the bond markets, current opportunities for income and our distinct active laddering approach.

  • 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."
  • Morningstar Analyst Report: Thornburg Limited Term Muni
    October 19, 2017 [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.
  • Morningstar Analyst Report: Thornburg Global Opportunities
    October 19, 2017 [Global Opportunities Fund, Brian McMahon, Vinson Walden, CFA]
    Morningstar’s analysis of Thornburg Global Opportunities Fund, based on five key pillars: Process, Performance, People, Parent, and Price.
  • Morningstar Analyst Report: Thornburg Investment Income Builder
    October 19, 2017 [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.
  • 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.
  • Socially and Financially Responsible
    December 2016 [Better World International Fund, Rolf Kelly, CFA]
    Our process includes meeting with companies on site so we can kick the tires and learn the real business behind their numbers, collect ESG information, and engage with management...
  • 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...
  • Thornburg Investment Management Launches Better World International Fund
    September 30, 2015 [Better World International Fund, Rolf Kelly, CFA]
    At Thornburg, we recognize the growing demand for environmental, social, and governance (ESG) investing disciplines, and our new offering enjoys the support of our entire investment team to find opportunities that make positive ESG impacts while still focusing on competitive financial returns.
  • 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."
  • Interview with Portfolio Manager Jason Brady on MoneyLife Radio
    August 20, 2012 [Strategic Income Fund, Jason Brady, CFA]
    Portfolio Manager Jason Brady discusses his new book: Income Investing: An Intelligent Approach to Profiting from Bonds, Stocks and Money Markets.
Important Information
Before investing, carefully consider the Fund’s investment goals, risks, charges, and expenses. For a prospectus or summary prospectus containing this and other information, contact your financial advisor or visit our literature center. Read them carefully before investing.

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.

The views expressed are subject to change and do not necessarily reflect the views of Thornburg Investment Management, Inc. This information should not be relied upon as a recommendation or investment advice and is not intended to predict the performance of any investment or market.

Any securities, sectors, or countries mentioned are for illustration purposes only. Holdings are subject to change. Under no circumstances does the information contained within represent a recommendation to buy or sell any security.

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