As a shareholder you have the privilege of exchanging shares of any class of a fund for shares of the same class of another fund. Before exchanging shares, please note the following:

  • The fund you are exchanging into must be qualified for sale in your state.
  • You may only exchange between accounts that are registered in the same name, address, and taxpayer identification number.
  • Before exchanging into a fund, read the prospectus for that fund.
  • Exchanges will be treated as a sale of your shares for tax purposes and, therefore, an exchange may have tax consequences for you. Consult a tax advisor or your financial intermediary for more information regarding taxability of exchanges.
  • You will not pay a CDSC on the exchange of Class C shares of a fund for Class C shares of another fund, even if the exchange occurs within 12 months of your purchase of the original shares. A CDSC will apply, however, to any subsequent sale of those Class C shares within 12 months of your original date of purchase, unless you otherwise qualify for a waiver of that CDSC.
  • Your shares will be redeemed and purchased at the next share price (NAV) calculated after your order is received. A sales charge is not imposed on an exchange.

Exchanges may be processed using one of the following methods:

  • Through your financial advisor
  • By telephone:
    Monday through Friday 7:30 a.m. to 4:30 p.m. Mountain Time,
    800.847.0200

 

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 thornburg.com. Read them carefully before investing.

Thornburg mutual funds are distributed by Thornburg Securities Corporation.

Thornburg Investment Management, Inc. mutual funds are sold through investment professionals including investment advisors, brokerage firms, bank trust departments, trust companies and certain other financial intermediaries. Thornburg Securities Corporation (TSC) does not act as broker of record for investors.