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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.

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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.

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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.

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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.

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Capital Appreciation

Thornburg Global Opportunities Fund Celebrates 15th Anniversary

Michael Corrao
Director of Global Communications and Managing Director
31 Aug 2021
4 min read

THOIX celebrates its 15-year anniversary. The $1.1 billion fund carries a top ranking in the Morningstar World Large-Stock Blend category as of 7/31/2021.

Thornburg Global Opportunities Fund Celebrates Anniversary with Top Percentile Morningstar Ranking in World Large-Stock Category over 15 Years SANTA FE, NM

Thornburg Investment Management (“Thornburg”), a global investment firm that oversees $49 billion in assets1, today announced the 15-year anniversary of the $1.1 billion Thornburg Global Opportunities Fund (“Fund”) (Ticker: THOIX). The Fund carries a top percentile ranking in the Morningstar World Large-Stock Blend category, among 81 funds, for the fifteen-year period ending July 31, 2021, based on total returns without sales charge.

“Our research process identifies quality businesses at attractive prices around the world,” said Brian McMahon, Chief Investment Strategist and Co-Portfolio Manager. “We seek to capture the advantages of global diversification within a focused portfolio of compelling ideas. Built on our core investment principles of flexibility, focus and value, the Fund gives us a durable framework for value-added investing.”

The Fund, which launched on July 28, 2006, has been co-managed since inception by Mr. McMahon. Miguel Oleaga, who joined Thornburg in 2014, was promoted to portfolio manager on the Fund in 2020. Together and with support from the entire Thornburg investment team, Mr. McMahon and Mr. Oleaga oversee the flexible and focused equity portfolio that leverages Thornburg’s renowned capacity as a global manager. Portfolio holdings are selected on a bottom-up basis through a disciplined, value-based framework, ensuring a balanced approach to portfolio construction and risk management. In addition to the mutual fund, the global opportunities solution is available to certain investors as a UCITS fund and a separately managed account. The Fund is benchmarked against the MSCI All Country (AC) World Index Net Total Return USD. Since inception and through July 31, 2021, the Fund’s I share class (THOIX) has outperformed the benchmark by 3.21% on an annualized basis.

“This is a significant milestone for Thornburg,” said Thornburg President and CEO Jason Brady. “Thornburg Global Opportunities Fund’s 15-year track record of outperformance is a testament to our long-term investment philosophy2.

With Brian and Miguel at the helm and with support from our entire investment team, the Fund has proven time and again that the flexibility to look anywhere in the world for value can provide long-term positive returns to our shareholders.” For more information about the Fund, please visit https://www.thornburg.com/productsperformance/mutual-funds/equity-funds/fgo/performance/.

To learn more about Thornburg’s investment strategies, please visit https://www.thornburg.com/productsperformance/mutual-funds/. 2

About Thornburg
Founded in 1982, Thornburg Investment Management is a privately owned global investment firm that offers a range of multi-strategy solutions for institutions and financial advisors. A recognized leader in fixed income and equity investing, the firm oversees $49 billion3 as of July 31, 2021 across mutual funds, closed-end funds, institutional accounts, separate accounts for high-net-worth investors and UCITS funds for non-U.S. investors. Thornburg is headquartered in Santa Fe, New Mexico, with additional offices in London, Hong Kong and Shanghai. At Thornburg, we believe unconstrained investing leads to better outcomes for our clients. Our culture is collaborative, and our investment solutions are highly active, high conviction and benchmark agnostic. When it comes to finding value for our clients, it’s more than what we do, it’s how we do it: how we think, how we invest and how we’re structured.

Media Inquiries Michael Corrao Director of Global Communications Thornburg Investment Management Tel: +1 (505) 467-5345 Email: mcorrao@thornburg.com

1,3Includes $46.8 billion in assets under management and $1.9 billion in assets under advisement as of July 31, 2021
2 The Fund may not have outperformed in every reporting period.

Past performance is no guarantee of future results. Investments carry risks, including possible loss of principal. 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 small- and mid-capitalization companies may increase the risk of greater price fluctuations. Investments in the Fund are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.

Class I shares may not be available to all investors. Minimum investments for the I share class may be higher than those for other classes.

Based on total returns before sales charges, Morningstar ranked the fund (I shares) in the top 38% over three years, 38% over five years, and 18% over 10 years, among 282, 248, and 144 World Large-Stock Blend funds, respectively, as of 7/31/21. © 2021 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. 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.

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