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Welcome to Thornburg

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Please review our Terms & Conditions


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.


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.

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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.


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.

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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;
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  • 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.


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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Fund Operations

Portrait of beautiful mature woman in a business office shows heart with her hands, connecting investments to the heart
Practice Management

The Head and the Heart: The Investment Connection

All decisions and relationships in life are more than an intellectual endeavor. Advising clients is no different and requires the right attitude.

Every so often, a book linking spirituality to investing hits the market. While some of us consider any instance where we part with a sizeable chunk of change a spiritual experience, that isn’t the essence of spiritual investing. According to the prophets of spiritual investing, to successfully link spirituality and investing, we must get in tune with our feelings about money. A commonly suggested technique is to take some money out of your pocket, purse or wallet. Touch it; smell it, and talk to it. The goal is to develop an intimate relationship with your money because if you do, you’ll be less likely to spend it.

Unfortunately, for many of us it’s difficult to warm up to this approach for a variety of reasons. First of all, of all of the things we touch in the course of a day, money is probably the least sanitary. How can we be expected to feel comfortable pawing the filthy stuff? Whenever I think about how grimy money is, I remember a friend of my parents who used to wash her money. It used to make me laugh. Now, it seems like a good idea.

Second, it’s hard for many of us to conceive any conversation we could possibly have with our money. It isn’t about our lack of conversational skills. It’s that many of us have nothing in common with a 150-year-old, once-famous dead guy who probably couldn’t have conceived of women working outside of the home. It’s a generational, gender and “It’s the year 2019” thing. Finally, there’s no research proving that talking to an inanimate object will help any of us achieve anything except a one-way trip to a psychotherapist.

Any connection you make with your investments should be a connection that’s made through your goals. While the new age financial prophets would have us believe that talking to your money will help you overcome your investment inhibitions and limitations, in reality, the most significant obstacle preventing you from achieving your investment goals is your attitude.

You’re familiar with attitude. It’s the byproduct of your life experiences. It was shaped by your family, nurtured by those you love and hardened by those you lost. It’s been strengthened by your successes and rattled by your failures. Your attitude is the ever-apparent invisible force that colors your view of the world, it accompanies you wherever you go and greatly influences whether you will achieve our life goals.

Your attitude was a contributing influence in your unsuccessful relationships and the reason you lost that job you hated. In addition to defining your possibilities, your limitations and the quality of your life, your attitude determines whether you believe you deserve to be successful in all aspects of your life, including your finances. The effect of attitude is simple and dramatic: with a positive attitude you’ll soar, with a negative one, you’ll crawl.

If your attitude needs a tune-up, there’s a five step process that will improve your life, transform your perspective and help you achieve your goals:

  • First, believe that you deserve to be successful. Don’t even consider another possibility.
  • Second, have conviction that in your role as a financial advisor that you are a mentor and a partner. Your clients will be grateful that you’re the knowledgeable and positive companion who gets them through the tough times and celebrates the good ones.
  • Third, visualize yourself achieving your business and personal goals. Assume success and believe anything is possible.
  • Fourth, create your own reality. What you believe, shall be.
  • Fifth, make it happen. You can hope as much as you like, but action is the only thing that will get you where you want to go.

For years, we in the financial services industry have treated advising clients as a solely intellectual endeavor. But, we’ve learned. Today the most successful advisors understand the wisdom of involving both their intellect and their spirit in the investment process and the necessity of adopting a positive attitude.

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