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Welcome to Thornburg

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Please review our Terms & Conditions

For Institutional / Wholesale / Professional Clients

The content on this website is intended for institutional and professional investors in the United States only and is not suitable for individual investors or non-U.S. entities. Institutional and professional investors include pension funds, investment companies registered under the Investment Company Act of 1940, financial intermediaries, consultants, endowments and foundations, and investment advisors registered under the Investment Advisors Act of 1940.

TERMS AND CONDITIONS OF USE

Please read the information below. By accessing this web site of Thornburg Investment Management, Inc. ("Thornburg" or "we"), you acknowledge that you understand and accept the following terms and conditions of use.

Disclaimers

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be licensed or available in all jurisdictions and there may be restrictions or limitations to whom this information may be made available. Unless otherwise indicated, no regulator or government authority has reviewed the information or the merits of the products and services referenced herein. Past performance is not a reliable indicator of future performance. Investments carry risks, including possible loss of principal.

Reference to a fund or security anywhere on this website is not a recommendation to buy, sell or hold that or any other security. The information is not a complete analysis of every material fact concerning any market, industry, or investment, nor is it intended to predict the performance of any investment or market.

All opinions and estimates included on this website constitute judgements of Thornburg as at the date of this website and are subject to change without notice.

All information and contents of this website are furnished "as is." Data has been obtained from sources considered reliable, but Thornburg makes no representation as to the completeness or accuracy of such information and has no obligation to provide updates or changes. Thornburg disclaims, to the fullest extent of the law, any implied or express warranty of any kind, including without limitation the implied warranties of merchantability, fitness for a particular purpose and non-infringement.

If you live in a state that does not allow disclaimers of implied warranties, our disclaimer may not apply to you.

Although Thornburg intends the information contained in this website to be accurate and reliable, errors sometimes occur. Thornburg does not warrant that the information to be free of errors, that the functions contained in the site will be uninterrupted, that defects will be corrected or that the site and servers are free from viruses or other harmful components. You agree that you are responsible for the means you use to access this website and understand that your hardware, software, the Internet, your Internet service provider, and other third parties involved in connecting you to our website may not perform as intended or desired. We also disclaim responsibility for damages third parties may cause to you through the use of this website, whether intentional or unintentional. For example, you understand that hackers could breach our security procedures, and that we will not be responsible for any related damages.

Thornburg Investment Management, Inc. is regulated by the U.S. Securities and Exchange under U.S. laws which may differ materially from laws in other jurisdictions.

Online Privacy and Cookie Policy

Please review our Online Privacy and Cookie Policy, which is hereby incorporated by reference as part of these terms and conditions.

Third Party Content

Certain website's content has been obtained from sources that Thornburg believes to be reliable as of the date presented but Thornburg cannot guarantee the accuracy, timeliness, completeness, or suitability for use of such content. The content does not take into account individual investor's circumstances, objectives or needs. The content is not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services, nor does it constitute investment advice and should not be used as the basis for any investment decision.

Suitability

No determination has been made regarding the suitability of any securities, financial instruments or strategies for any investor. The website's content is provided on the basis and subject to the explanations, caveats and warnings set out in this notice and elsewhere herein. The website's content does not purport to provide any legal, tax or accounting advice. Any discussion of risk management is intended to describe Thornburg's efforts to monitor and manage risk but does not imply low risk.

Limited License and Restrictions on Use

Except as otherwise stated in these terms of use or as expressly authorized by Thornburg in writing, you may not:

  • Modify, copy, distribute, transmit, post, display, perform, reproduce, publish, broadcast, license, create derivative works from, transfer, sell, or exploit any reports, data, information, content, software, RSS and podcast feeds, products, services, or other materials (collectively, "Materials") on, generated by or obtained from this website, whether through links or otherwise;
  • Redeliver any page, text, image or Materials on this website using "framing" or other technology;
  • Engage in any conduct that could damage, disable, or overburden (i) this website, (ii) any Materials or services provided through this website, or (iii) any systems, networks, servers, or accounts related to this website, including without limitation, using devices or software that provide repeated automated access to this website, other than those made generally available by Thornburg;
  • Probe, scan, or test the vulnerability of any Materials, services, systems, networks, servers, or accounts related to this website or attempt to gain unauthorized access to Materials, services, systems, networks, servers, or accounts connected or associated with this website through hacking, password or data mining, or any other means of circumventing any access-limiting, user authentication or security device of any Materials, services, systems, networks, servers, or accounts related to this website; or
  • Modify, copy, obscure, remove or display the Thornburg name, logo, trademarks, notices or images without Thornburg's express written permission. To obtain such permission, you may e-mail us at info@thornburg.com.

Severability, Governing Law

Failure by Thornburg to enforce any provision(s) of these terms and conditions shall not be construed as a waiver of any provision or right. This website is controlled and operated by Thornburg from its offices in Santa Fe, New Mexico. The laws of the State of New Mexico govern these terms and conditions. If you take legal action relating to these terms and conditions, you agree to file such action only in state or federal court in New Mexico and you consent and submit to the personal jurisdiction of those courts for the purposes of litigating any such action.

Termination

You acknowledge and agree that Thornburg may restrict, suspend or terminate these terms and conditions or your access to, and use, of the all or any part this website, including any links to third-party sites, at any time, with or without cause, including but not limited to any breach of these terms and conditions, in Thornburg's absolute discretion and without prior notice or liability.

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Online Privacy Policy

We are committed to preserving the confidentiality of the personal information we receive about you. The following information is provided to help users of our website understand how we gather, use and protect the personal information that we collect online. If you have additional questions about our data collection practices after reading this notice, please contact us at privacy@thornburg.com.

Information We Collect

Our website collects personally identifiable information such as names and email addresses only from visitors who voluntarily input such information on designated pages of our website. We will also collect email addresses from the emails you send to us. We may collect certain information about you automatically through the use of our website.

You may provide information directly to us when you:

  • Subscribe to our mailing lists, client alerts, or newsletters. You may provide us with your name and business contact details and other employment-related information.
  • Register for and use our subscription services. You may provide us with your account credentials, such as a user ID and password.
  • Submit and inquiry or communicate with us via our website.

Information We Collect Automatically

When you use our website, we may automatically collect certain information about you, including, for example:

  • Your IP address or mobile device identifier.
  • Information regarding your downloads on and use of our website and subscription services.
  • Information regarding when you access and how you use our website. This includes information regarding the duration of your engagement with certain aspects of the website.

How We Use Information

We will use this information to send you information about our products and services and answer any comments or questions you may have. You have the opportunity to update your preferences or unsubscribe on the My Subscriptions or My Dashboard pages on our website. This data is kept secure and only accessed by authorized personnel.

How We Share Information

To the extent permitted by law, we will not sell, share, or otherwise disclose any of the information we collect online without your permission. However, we may disclose this information to third party vendors we may contract with to monitor our website and to companies which perform marketing services on our behalf or to other financial institutions with which we have joint marketing agreements.

Your information may also be shared appropriately with our affiliates.

Online Tracking and Cookies

In general, you may visit our website without telling us who you are or revealing any personally identifiable information about yourself. We may however, use one or more technologies to collect a variety of technical data, which we store in aggregate form.

These technologies may use temporary or permanent “cookies”. For more information about which cookies we use or to update your cookie preferences, please see our Cookie Policy.

IP Address

What Happens When You Visit our Website

Every time you connect to the internet or, if you use an always-on connection, such as broadband or ADSL, when you boot up or restart your computer, you are automatically assigned a unique identifying number known as an IP Address. This IP Address, which contains information regarding the location of your computer on the internet (your country of origin) and the name of your internet service provider (“ISP”), is automatically logged by our Website.

What is an IP Address?

When you first started your internet session (i.e. your computer connected to the internet), your computer was automatically assigned a unique number (normally in the region of 9 or 10 decimal numbers), known as an IP Address. This is your computer’s unique address on the internet. Without such an IP Address, websites would not be able to deliver their content to you as they would not be able to find your computer on the internet. Since each time you disconnect and reconnect to the internet a new IP Address is automatically assigned to your computer, IP Addresses are not inherently capable of identifying you as an individual (at least, by themselves).

An IP Address does, however, contain information regarding the location of your computer on the internet (your country) and the name of your ISP.

How do We collect your IP Address?

Each time you visit a page on our Website, your computer sends out a message to our Website asking for the content. This message sent by your computer also encloses your IP Address as a form of “return address” so that our Website may find your computer in order to send it the requested content. Our web-server automatically logs all these messages.

What do We do with your IP Address?

When We log your IP Address, the data collected is grouped up with the other logged IP Addresses in order to provide us with the statistics on the geographic location of visitors to our Website, how long they stay on our Website, which are the most viewed pages and for other statistical reasons.

We gather your IP address automatically and store it in log files. These files also contain information relating to your browser type, ISP, operating system, date/time stamp, clickstream data and the files viewed on our Website. Collecting this type of information allows us to generate aggregate information for the purposes of our Website, including in terms of overall user trends and activities online (such as the number of unique visitors, pages access most frequently or the search terms entered). It also allows us to administer our Website, diagnose any potential server problems, analyze visitor trends and statistics, and generally help us to provide you with a better internet experience. IP Addresses are not stored for longer than necessary for the above stated purposes.

Social Media and Other Platforms

You may be able to access social media networks like Facebook or LinkedIn (“Social Media Platforms”) directly or indirectly through our website. You may also have the option of posting your activities on Social Media Platforms, tagging us or posting content to pages we maintain on Social Media Platforms. As a result, we may collect information from you or about you via Social Media Platforms. If you choose to make any of your activities or other content available through a Social Media Platform, including on our pages, or you engage in other activities in connection with a Social Media Platform, your friends and followers on those Social Media Platforms that you have enabled, and potentially the general public, will be able to view those contributions and activities. Please remember that the manner in which Social Media Platforms use, store, and disclose your information is governed by the policies and practices of such third-parties. We are not responsible for the privacy practices or other actions of any Social Media Platforms that may be enabled via our website.

Links to Third Party Websites

Our website may contain links to third-party sites and services whose privacy practices may be different than ours. Please remember when you click on one of those links you are leaving the Thornburg website and entering another website. We are not responsible for the security, privacy practices, or content of these other websites and you should consult the other third-party sites’ and services’ privacy notices in order to better understand their privacy practices.

Security

We use security measures reasonably designed to protect the information we obtain about you.

These include:

  • Third parties performing services for us and having access to your information are contractually required to maintain the confidentiality of the information.
  • We restrict access to your information in our own offices to specific individuals who have a need to use that information in connection with their duties, and all employees are subject to an internal confidentiality policy.
  • We employ data encryption, user names and passwords, web server technologies and other techniques to protect the confidentiality of stored information and electronic transfers of information.

Please note, no system can be completely secure and we do not guarantee that unauthorized disclosures and access will not happen. Although we take reasonable measures to safeguard against unauthorized disclosures of information, we cannot assure that your personal information or other information will never be disclosed in a manner that is inconsistent with this Online Privacy Policy.

From time to time we may modify our security and website procedures without notice, you are invited to review the policy periodically for changes. If you no longer wish us to hold data about you or wish to change the type of information we send to you, please visit the My Subscriptions or My Dashboard pages of our website or contact us at privacy@thornburg.com.

Children’s Privacy

Our website is not intended for users under the age of 16, and we do not knowingly collect information from anyone under the age of 16. No one under the age of 16 is permitted to use this website or provide us with personal information.

Non-U.S. Visitors

Any information we obtain about you in connection with your use of our website may be processed and stored in the United States or other countries.

Accessing and Correcting your Personal Information

We take reasonable steps to accurately record the personal information that you provide to us pursuant to this Online Privacy Policy and any subsequent updates to such information. We encourage you to review, update, and correct the personal information that you provide to us by visiting the My Subscriptions or My Dashboard pages of our website or contact us a privacy@thornburg.com.

Changes to this Online Privacy Policy

This Online Privacy Policy may be changed by us at any time and such changes will apply to information we collected from you pursuant to a previous privacy policy. The revised Online Privacy Policy will be posted on the appropriate portion(s) of our website and will indicate at the bottom when it was most recently updated. We encourage you to periodically check back to review this policy so that you know what information we collect, how we use it and with whom we share it.

How to Contact Us

If you have questions or concerns about this Online Privacy Policy or its implementation, please contact us at privacy@thornburg.com.

This Online Privacy Policy was last updated on May 5, 2022.