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  • INSIDE THORNBURG:
    ACTIVE INVESTING WITH A DIFFERENT PERSPECTIVE

    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.

    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.

    Please see our glossary for a definition of terms.

    Thornburg mutual funds are distributed by Thornburg Securities Corporation.

LATEST NEWS & INSIGHTS

PM Nicholos Venditti Provides an Update on the Muni Market
Please see our glossaryglossary (www.thornburg.com/glossary) for a definition of terms.

 

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.

 

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.

 

Thornburg mutual funds are distributed by Thornburg Securities Corporation.

 

Investments carry risks, including possible loss of principal. 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 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. Investments in the Funds are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.

"Know what you own" has been the cornerstone of Thornburg's municipal bond investment philosophy for the past 35 years. Portfolio Manager and Managing Director Nicholos Venditti shares his views on the recent market dislocation, areas of opportunity, and why that investment philosophy matters now more than ever for investors

Co-Head of Investments Jeff Klingelhofer Provides Credit Markets Update
Please see our glossaryglossary (www.thornburg.com/glossary) for a definition of terms.

 

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.

 

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.

 

Thornburg mutual funds are distributed by Thornburg Securities Corporation.

 

Investments carry risks, including possible loss of principal. 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. Investments in equity securities are subject to additional risks, such as greater market fluctuations. 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 the Funds are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.

 

Residential-mortgage-backed securities (RMBS) are a debt-based security (similar to a bond), backed by the interest paid on loans for residences.

 

Securitized products are pools of financial assets that are brought together to create a new security, which is then divided and sold to investors.

Thornburg Co-Head of Investments Jeff Klingelhofer talks about the dislocations in credit markets and the opportunities that are surfacing as a result.

March 24, 2020

    Following a $700 billion wave of coming liquidity meant to revive seizing capital markets, the U.S. Federal Reserve on Monday delivered a second tsunami to keep markets functioning in the wake of this month’s historic volatility.