• Municipal Bond Strategies
    4Q 2016 [Christopher Ryon, CFA, Nicholos Venditti, CFA]
    We are more excited about the prospects for the municipal market than we have been in quite some time.
  • U.S. Equity Strategy
    3Q 2016 [Connor Browne, CFA, Robert MacDonald, CFA]
    As highly active managers, Thornburg Investment Management is always on the hunt for promising companies selling at a discount to our calculation of their intrinsic value.
  • International Growth ADR Strategy
    3Q 2016 [Tim Cunningham, CFA, Greg Dunn]
    While many of the attributes we favor have been underappreciated during prior periods, that was not the case this quarter.
  • International ADR Strategy
    3Q 2016 [William Fries, CFA, Lei Wang, CFA, Di Zhou, CFA]
    In the long-run, market volatility creates opportunities for fundamentally focused investors to capture valuation dislocations.
  • All Cap Growth Strategy
    3Q 2016 [Tim Cunningham, CFA, Greg Dunn]
    The third quarter marked a dramatic change in leadership in the market to favor our longstanding preferences.
  • Income and U.S. Government Bond Strategies
    3Q 2016 [Jason Brady, CFA, Lon Erickson, CFA, Jeff Klingelhofer, CFA]
    While we cannot predict exactly when the markets will sell off and offer us more attractive buying opportunities, we can be ready for it.

Investments in the Strategy carries risks, including possible loss of principal. Carefully consider the Strategy’s investment objectives, risks, and expenses before investing. There is no guarantee that the portfolio will meet its investment objectives.