Objective

The Fund’s investment objective is to seek long-term capital appreciation.

Investment Policy

The Fund pursues its investment goals by investing a significant amount of its assets in long positions and synthetic short positions in a broad range of equity and equity-linked securities. The Fund will invest in any stock or other equity security which the investment manager believes may assist the Fund in pursuing its goal, including common stocks, preferred stocks, convertible securities, warrants, depositary receipts, partnership interests, equity trusts, and shares in exchange traded funds to the extent permitted by the UCITS Regulations. The relative proportions of the Fund’s U.S. and non-U.S. investments will vary over time depending upon the investment manager’s view of specific investment opportunities and macroeconomic factors, though under normal market conditions a significant portion of the Fund’s assets will be invested in U.S. issuers.

Portfolio Management

Portfolio managers are supported by the entire Thornburg investment team.

FUND FACTS as of 21/03/2019

CLASSBLOOMBERG
TICKER
NAVCHANGE
(from 20/03/2019)
ISIN CODECUSIPINCEPTION
DATE
CLASS ATHLSAAU ID$10.74$0.04IE00BDTYS101G8850P43228/12/2018
CLASS CTHLSCAU ID$10.73$0.04IE00BDTYS218G8850P44028/12/2018
CLASS ITHLSIAU ID$10.75$0.04IE00BDTYS325G8850P47328/12/2018
CLASS QTHLSQAU ID$10.76$0.04IE00BDTYS432G8850P46528/12/2018
  • Benchmark: S&P 500 Index
  • Domicile: Ireland
  • Legal Structure: UCITS V
  • NSCC Number: 3352

Minimum Initial Subscription

CLASS CURRENCY DENOMINATION MINIMUM SUBSCRIPTION
CLASS A U.S. Dollar US $1,000
CLASS C U.S. Dollar US $1,000
CLASS I U.S. Dollar US $1,500,000
CLASS Q U.S. Dollar US $5,000,000
Important Information

The Fund is offered solely to non-U.S. investors under the terms and conditions of the Fund’s current Prospectus. A copy of the full Prospectus and KIID for the Fund may be obtained by contacting the local Paying Agent through the Fund’s Transfer Agent, Brown Brothers Harriman Fund Administrator Services (Ireland) Limited or in the forms and literature section of this website. The Prospectus and KIID contain important information about the Fund and should be read carefully before investing.

Investments carry risks, including possible loss of principal. Additional risks may be associated with investments 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. A synthetic short position will lose value as the security's price increases. Theoretically, the loss on a synthetic short can be unlimited. Non-diversified funds can be more volatile than diversified funds. 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. Investments in the Fund are not insured, nor are they bank deposits or guaranteed by a bank or any other entity.

This material constitutes a financial promotion for the purposes of the Financial Services and Markets Act 2000 (the “Act”) and the handbook of rules and guidance issued from time to time by the FCA (the "FCA Rules"). This material is for information purposes only and does not constitute an offer to subscribe for or purchase any financial instrument. Thornburg Investment Management Ltd. ("TIM Ltd.") neither provides investment advice to, nor receives and transmits orders from, persons to whom this material is communicated nor does it carry on any other activities with or for such persons that constitute "MiFID or equivalent third country business" for the purposes of the FCA Rules. All information provided is not warranted as to completeness or accuracy and is subject to change without notice.

The Fund is a sub-fund of Thornburg Global Investment plc, an open-ended umbrella type investment company with segregated liability between sub-funds, authorised by the Central Bank of Ireland (CBI) on 25 November 2011 as an investment company pursuant to the UCITS Regulations. Authorisation of the Company by the CBI is not an endorsement or guarantee of the Company by the CBI nor is the CBI responsible for the contents of the Prospectus or KIID.

To determine a fund's Morningstar Rating™, funds and other managed products with at least a three-year history are ranked in their categories by their Morningstar Risk-Adjusted Return scores. The top 10% receive 5 stars; the next 22.5%, 4 stars; the middle 35%, 3 stars; the next 22.5%, 2 stars; and the bottom 10% receive 1 star. The Risk-Adjusted Return accounts for variation in a managed product's monthly excess performance (excluding sales charges), placing more emphasis on downward variations and rewarding consistent performance. Other share classes may have different performance characteristics. © 2019 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Administrator: Brown Brothers Harriman Fund Administration Services (Ireland) Limited, Ireland, BBH.Dublin.TA@bbh.com +353.1.603.6490

Please see our glossary for a definition of terms.