• July 2017 [International Investing, Di Zhou, CFA]
    Portfolio Manager Di Zhou discusses how investing in European markets can be opportunistic in this current environment and explains why the ECB continues to have a much easier monetary policy than the U.S. Fed. Di also shares which sectors she favors in Europe and discusses the recent inclusion of China's A shares in MSCI Indices.

    View Top Ten Holdings for Thornburg International Value Fund
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.

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.

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.

Securities mentioned herein are for illustrative purposes only and are presented to describe the due diligence process for purchasing or selling an individual stock. Under no circumstances does the information contained within represent a recommendation to buy or sell any security. This information is current as of the date indicated and represents current holdings of Thornburg; however, there is no assurance that any security referenced will remain in any portfolio and Thornburg undertakes no obligation to update the information or otherwise advise the reader of changes in its ownership of the holdings. It should not be assumed that any of the referenced securities were or will be profitable or that the investment decisions we make in the future will be profitable.

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

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.