• The Fed's Policy Regime Change
    March 2017 [Jason Brady, CFA , From the Floor]
    The Fed’s March rate hike represents a regime change from a halting beginning in its current tightening cycle to one in which it’s significantly picking up the pace.
  • Fed Decision and 2017 Outlook
    December 2016 [Jeff Klingelhofer, CFA , From the Floor]

    Global fixed income portfolio manager Jeff Klingelhofer, CFA, offers his look into 2017 in light of recent Fed assumptions, and where we’re seeing value opportunities.

  • Rising Rates Provide Opportunity for Multi-Sector Bond Strategies
    January 2017 [Bond Funds, Lon Erickson, CFA, , From Our Perspective]

    Portfolio Manager Lon Erickson shares his thoughts on the bond bubble and rising U.S. treasury yields. He also discusses the expected Fed rate hikes in 2017 and where to invest in the current climate on Asset TV’s 2017 outlook with special guest host, Liz Claman.

  • Actively Managed. Structured for Excellence.

    Far from the groupthink of Wall Street, Thornburg offers a broader view of the financial landscape. We have a disciplined approach to portfolio construction, a flexible perspective that crosses boundaries, and an adherence to access and transparency. We believe this helps investors reach their long-term goals.

  • Kweichow Moutai: 800 Years and Still in Business
    October 2016 [Di Zhou, CFA, FRM , From the Floor]

    Portfolio Manager Di Zhou on how our research process and going great distances yield attractive stock ideas like Kweichow Moutai, an 800-year old firm based in a remote China province.

  • Looking for Dividends? Go Global
    October 2016 [Investment Income Builder Fund, Matt Burdett , How We Invest]

    Associate Portfolio Manager Matt Burdett on the importance of dividend-paying stocks and why, given today’s environment, the best place to look for valuable dividend-paying stocks is outside the U.S.

  • Why EM and Our Active Approach
    October 2016 [Developing World Fund, Charles Wilson, PhD , How We Invest]
    Thornburg’s active investment approach to emerging markets takes a broad look, beyond just the benchmark, and invests in companies benefiting from the trends driving those markets, while steering clear of the pitfalls. EM portfolio manager Charlie Wilson walks us through it.
  • Tobacco: Not Just Dangerous for Your Health
    August 2016 [Municipal Bond Funds, Nicholos Venditti, CFA, , From the Floor]
    As high-yield investors scramble from struggling Puerto Rico bonds, their insatiable thirst for yield has herded them to the next best available offering: tobacco bonds. Thornburg Portfolio Manager Nick Venditti, CFA, warns it has driven up their price to nonsensical levels, given their unstable credit situation.
  • A Distinctive Approach to Emerging Markets Investing
    July 2016 [Developing World Fund, Ben Kirby, CFA, Charles Wilson, PhD , How We Invest]
    Thornburg Developing World strategy is an active investment portfolio that utilizes a flexible, bottom-up research process to uncover the best investment opportunities in the emerging markets. In this video, Portfolio Managers Ben Kirby and Charlie Wilson discuss their approach to emerging market investing.
  • On the Taxable and Muni High-Yield Landscape
    April 2016 [Bond Funds, Jeff Klingelhofer, CFA, Nicholos Venditti, CFA, Lon Erickson, CFA, David Ashley, CFA , From Our Perspective]
    We have stayed away from troubled credits such as Puerto Rico and tobacco, and instead look for value credits that are paying investors to take on the extra risk. Learn why and how from members of Thornburg’s fixed income team.
  • Energy: More Trouble to Come?
    April 2016 [Bond Funds, Jeff Klingelhofer, CFA, Nicholos Venditti, CFA, Lon Erickson, CFA, David Ashley, CFA , From Our Perspective]
    Volatility in oil prices led the economic discussion to start 2016, sending many investors to the exits. But Thornburg’s fixed income team believes there are still select opportunities in energy bonds and municipalities, even in oil dependent cities like Houston.
  • A Flexible and Focused Global Portfolio
    May 2016 [Global Opportunities Fund, Vin Walden, CFA, Brian McMahon , How We Invest]
    Portfolio managers discuss the Thornburg Global Opportunities strategy, a flexible, focused all-cap equity portfolio that leverages Thornburg’s renowned capacity as a global investment manager.
  • Active Bond Laddering: A Thornburg Tradition
    March 2016 [Bond Funds, Christopher Ryon, CFA , How We Invest]
    Portfolio Manager Chris Ryon outlines Thornburg’s tradition of “laddering” in its core fixed income strategies. Whether interest rates rise or fall, Thornburg’s laddering approach helps diversify along a shifting yield curve and maximize returns.
  • Is It Active Management's Time to Shine?
    July 2015 [Active Share, Connor Browne, CFA , From The Floor]
    Truly active management is alive and well—Portfolio Manager Connor Browne highlights academic research indicating highly active managers at collaborative, fundamental research shops have outperformed.
  • Why We Ladder Our Bond Portfolios at Thornburg
    Thornburg’s fixed income team discuss the merits of the laddered bond portfolio structure. We are active investment managers, and our laddered portfolios are no exception. Active laddering gives us the ability to deploy funds selectively in the most attractive part of the yield curve, at any given time, finding an attractive risk/reward balance for shareholders.
  • Finding Value in Fixed Income: Thornburg's Bottom-up Approach
    May 2015 [Strategic Income Fund, Ali Hassan , How We Invest]
    Fixed Income Analyst Ali Hassan speaks about the structure behind the credit research process. Why is a consistent credit framework important? How do we try to understand downside risk? Ali paints a picture of these and other factors the desk examines during the course of its bottom-up research.
  • High-Yield Municipal Bonds: Are They Worth the Risk?
    May 2015 [Strategic Municipal Income Fund, David Ashley, CFA , From The Floor]
    Associate Portfolio Manager David Ashley explains why the municipal high yield asset class is narrow and undiversified, why managers that invest mostly within that space may expose investors to much higher risks, and what a more prudent alternative may look like.
  • Thornburg's Approach to Global Fixed Income
    Members of the Thornburg Global Fixed Income team discuss what factors have changed the landscape of the fixed income market over a number of years and how Thornburg approaches the volatility to find value.
  • Thornburg Investment Management History
    September 2014 [Our Firm, Garrett Thornburg , How We Invest]
    From his roots in a Minnesota farming town of 1,700, Garrett Thornburg began to show his entrepreneurial habits at a young age. He attended Harvard Business School and then founded Thornburg Investment Management in 1982 with an innovative idea he’d had as a partner at a major Wall Street firm. Our first bond mutual fund, the Limited Term Municipal Fund, emerged from that concept. Brian McMahon, now the firm’s Chief Investment Officer, joined forces with Garrett in Santa Fe in 1984. And after a few Thornburg partners had managed equities internally for years, a gentleman named Bill Fries was hired, marking the launch of Thornburg's first equity strategy in 1995. From 1982 through today, every new Thornburg strategy has been a natural, organic extension of our existing investment capabilities. All the rest, as they say, is history.
  • Our Vision, Mission and Values
    July 2014 [Our Firm, Garrett Thornburg , How We Invest]
    Garrett Thornburg describes how our Vision, Mission and Values support our goals of excellence through continual improvement and adding value for our clients.
Important Information
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 our literature center. Read them carefully before investing.

The performance data quoted represents past performance; it does not guarantee future results.

There is no guarantee that the Fund will meet its investment objectives.

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.

Any securities, sectors, or countries mentioned are for illustration purposes only. Holdings are subject to change. Under no circumstances does the information contained within represent a recommendation to buy or sell any security.

Please see our glossary for a definition of terms.

Thornburg mutual funds are distributed by Thornburg Securities Corporation.

Thornburg Investment Management, Inc. mutual funds are sold through investment professionals including investment advisors, brokerage firms, bank trust departments, trust companies and certain other financial intermediaries. Thornburg Securities Corporation (TSC) does not act as broker of record for investors.

Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment losses.