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Welcome to Thornburg

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Please review our Terms & Conditions

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.

TERMS AND CONDITIONS OF USE

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.

Disclaimers

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.

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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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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.

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Limited License and Restrictions on Use

Except as otherwise stated in these terms of use or as expressly authorized by Thornburg in writing, you may not:

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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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800.847.0200

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Eve Lando, JD

Portfolio Manager and Managing Director

Eve Lando is portfolio manager for Thornburg Investment Management. She joined Thornburg's municipal team in 2019 as associate portfolio manager and was named portfolio manager in 2020.

Eve holds a BA in urban studies from Columbia University and a JD from Brooklyn Law School, with a concentration in business law studies. She has extensive experience in municipal bond research and analysis, with particular focus on deal structures and legal covenants. Eve has covered sectors such as state and local government finance, public power, essential services, health care and higher education, across the investment grade and high-yield spectrum. Prior to joining Thornburg, she worked for over 14 years at Lazard Asset Management, most recently as a senior vice president and municipal research analyst, and before that, she was a municipal research associate at AllianceBernstein.

Eve is a member of the National Federation of Municipal Analysts and the Municipal Analysts Group of New York and is fluent in Russian and Italian.

21years in industry
3years at Thornburg

Investments Managed

Institutional Strategy

Short Duration Municipal

Strategy Assets

$173.2 M

(As of 31 May 2022)

Inception Date

1 Apr 2014

Institutional Strategy

Limited Term Municipal

Strategy Assets

$5.7 B

(As of 31 May 2022)

Inception Date

1 Jan 1985

Institutional Strategy

Intermediate Term Municipal

Strategy Assets

$1.5 B

(As of 31 May 2022)

Inception Date

1 Nov 1991

Managed Account

Intermediate Term Municipal

Strategy Assets

$1.5 B

(As of 31 May 2022)

Inception Date

1 Nov 1991

I | TNYIX

Morningstar Rating

(As of 31 May 2022)

Overall Morningstar Rating among 52 Muni New York Intermediate funds, based on risk-adjusted returns for class I shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 4 stars, 3 stars and 3 stars among 52, 46 and 40 funds, as of 31 May 2022.

Morningstar CategoryMuni New York Intermediate
I | LTCIX

Morningstar Rating

(As of 31 May 2022)

Overall Morningstar Rating among 35 Muni Single State Short funds, based on risk-adjusted returns for class I shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 2 stars, 3 stars and 4 stars among 35, 32 and 28 funds, as of 31 May 2022.

Morningstar CategoryMuni Single State Short
I | THNIX

Morningstar Rating

(As of 31 May 2022)

Overall Morningstar Rating among 152 Muni Single State Intermediate funds, based on risk-adjusted returns for class I shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 3 stars, 3 stars and 3 stars among 152, 144 and 125 funds, as of 31 May 2022.

Morningstar CategoryMuni Single State Intermediate
I | THMIX

Morningstar Rating

(As of 31 May 2022)

Overall Morningstar Rating among 273 Muni National Intermediate funds, based on risk-adjusted returns for class I shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 4 stars, 3 stars and 3 stars among 273, 240 and 174 funds, as of 31 May 2022.

Morningstar CategoryMuni National Intermediate
I | TSSIX

Morningstar Rating

(As of 31 May 2022)

Overall Morningstar Rating among 273 Muni National Intermediate funds, based on risk-adjusted returns for class I shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 3 stars, 3 stars and 4 stars among 273, 240 and 174 funds, as of 31 May 2022.

Morningstar CategoryMuni National Intermediate
I | TLMIX

Morningstar Rating

(As of 31 May 2022)

Overall Morningstar Rating among 210 Muni National Short funds, based on risk-adjusted returns for class I shares, using a weighted average of the funds three- and five-year ratings: respectively, 2 stars and 2 stars among 210 and 181 funds, as of 31 May 2022.

Morningstar CategoryMuni National Short
Institutional Strategy

Strategic Municipal Income

Strategy Assets

$320.9 M

(As of 31 May 2022)

Inception Date

1 Jan 2000

Managed Account

Limited Term Municipal

Strategy Assets

$5.7 B

(As of 31 May 2022)

Inception Date

1 Jan 1985

I | LTMIX

Morningstar Rating

(As of 31 May 2022)

Overall Morningstar Rating among 210 Muni National Short funds, based on risk-adjusted returns for class I shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 3 stars, 4 stars and 4 stars among 210, 181 and 136 funds, as of 31 May 2022.

Morningstar CategoryMuni National Short

Insights

Interest Rates

Municipal Bonds: Earning Their Way Out Faster

Municipal bonds suffered a sharp sell-off through the early part of 2022, but this segment often recovers more quickly and stronger than may be expected.
Income

The Municipal Market: High Coupons & High Premiums

The "Magic of Munis." We examine municipal bond coupon structures with a focus on high coupon and high premium bonds.
Ironworker prepping rebar for poued concrete floor
Markets & Economy

The Supply and Demand Effect on the Muni Market

Thornburg PMs discuss important topics impacting the municipal bond market, including supply and demand, infrastructure spending and cyber security.
Strong yellow (idea) arrow against smaller old white (methods)
Markets

Why Municipal Bonds May Be the Best Option in Fixed Income

Inflation concerns, new tax policies, infrastructure changes and rising rates are all on investors’ minds. Municipal bonds may be the go-to solution in the coming year.
Markets & Economy

How Can Advisors Counsel Muni Investors on the Infrastructure Plan?

The Biden infrastructure and tax proposals could bring more municipal bond supply and demand. How can financial advisors guide their clients?
Markets & Economy

Potential Impact of Biden’s Economic Plan on Municipal Bonds

Learn how Biden administration policies can increase demand and supply for municipal bonds.
Capital Preservation

Our Approach to a Volatile Muni Market

Eve Lando explains Thornburg's approach to the unusually volatile muni market and the two key strategies muni investors should consider.
ESG

Evaluating So-Called “Green” Municipal Bonds Against ESG Criteria

"Green" municipal bonds don't always show their true color. Financial advisors need to assess ESG scores through the lens of specific ESG criteria. Learn more.
ESG

Municipal Bonds Can Naturally Meet ESG Goals

Exploring the diverse ways in which municipal bonds can meet the growing investor interest in ESG.