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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.

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.

Thornburg Investment Management, Inc. is regulated by the U.S. Securities and Exchange under U.S. laws which may differ materially from laws in other jurisdictions.

Online Privacy and Cookie Policy

Please review our Online Privacy and Cookie Policy, which is hereby incorporated by reference as part of these terms and conditions.

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.

Suitability

No determination has been made regarding the suitability of any securities, financial instruments or strategies for any investor. The website's content is provided on the basis and subject to the explanations, caveats and warnings set out in this notice and elsewhere herein. The website's content does not purport to provide any legal, tax or accounting advice. Any discussion of risk management is intended to describe Thornburg's efforts to monitor and manage risk but does not imply low risk.

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:

  • Modify, copy, distribute, transmit, post, display, perform, reproduce, publish, broadcast, license, create derivative works from, transfer, sell, or exploit any reports, data, information, content, software, RSS and podcast feeds, products, services, or other materials (collectively, "Materials") on, generated by or obtained from this website, whether through links or otherwise;
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  • Probe, scan, or test the vulnerability of any Materials, services, systems, networks, servers, or accounts related to this website or attempt to gain unauthorized access to Materials, services, systems, networks, servers, or accounts connected or associated with this website through hacking, password or data mining, or any other means of circumventing any access-limiting, user authentication or security device of any Materials, services, systems, networks, servers, or accounts related to this website; or
  • Modify, copy, obscure, remove or display the Thornburg name, logo, trademarks, notices or images without Thornburg's express written permission. To obtain such permission, you may e-mail us at info@thornburg.com.

Severability, Governing Law

Failure by Thornburg to enforce any provision(s) of these terms and conditions shall not be construed as a waiver of any provision or right. This website is controlled and operated by Thornburg from its offices in Santa Fe, New Mexico. The laws of the State of New Mexico govern these terms and conditions. If you take legal action relating to these terms and conditions, you agree to file such action only in state or federal court in New Mexico and you consent and submit to the personal jurisdiction of those courts for the purposes of litigating any such action.

Termination

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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Fund Operations
800.847.0200

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Jason Brady, CFA

President and CEO

Jason Brady is president and CEO of Thornburg Investment Management. He is responsible for the company’s overall strategy and direction. He is also portfolio manager on multiple strategies. He joined the firm in 2006, was made portfolio manager and managing director in 2007, and president and CEO in 2016. His book Income Investing: An Intelligent Approach to Profiting from Bonds, Stocks and Money Markets is a step-by-step guide to income investing.

Jason holds a BA with honors in English and environmental biology from Dartmouth College, and an MBA with concentrations in analytical finance and accounting from Northwestern’s Kellogg Graduate School of Management. He is a CFA charterholder. Prior to joining Thornburg, Jason was a portfolio manager with Fortis Investments in Boston, and has held various positions at Fidelity Investments and Lehman Brothers.

21years in industry
15years at Thornburg

Investments Managed

Institutional Strategy

Ultra Short Income

Strategy Assets

$117.9 M

(As of 30 Apr 2022)

Inception Date

1 Oct 2020

Institutional Strategy

Limited Term U.S. Government

Strategy Assets

$265.0 M

(As of 30 Apr 2022)

Inception Date

1 Mar 1988

Institutional Strategy

Limited Term Income

Strategy Assets

$9.5 B

(As of 30 Apr 2022)

Inception Date

1 Feb 1993

Institutional Strategy

Investment Income Builder

Strategy Assets

$10.8 B

(As of 30 Apr 2022)

Inception Date

1 Jan 2003

Strategy Assets

$265.0 M

(As of 30 Apr 2022)

Inception Date

1 Mar 1988

UCITS Funds

Strategic Income

I Acc | THSIIAU ID

Morningstar Rating

(As of 30 Apr 2022)

Overall Morningstar Rating among 563 Global Flexible Bond funds, based on risk-adjusted returns for class I Acc shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 4 stars, 4 stars and 5 stars among 563, 404 and 163 funds, as of 30 Apr 2022.

Morningstar CategoryGlobal Flexible Bond
Mutual Fund

Limited Term Income

I | THIIX

Morningstar Rating

(As of 30 Apr 2022)

Overall Morningstar Rating among 556 Short-Term Bond 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, 4 stars and 5 stars among 556, 491 and 318 funds, as of 30 Apr 2022.

Morningstar CategoryShort-Term Bond
I | LTUIX

Morningstar Rating

(As of 30 Apr 2022)

Overall Morningstar Rating among 78 Short Government 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, 2 stars and 3 stars among 78, 76 and 65 funds, as of 30 Apr 2022.

Morningstar CategoryShort Government
Mutual Fund

Ultra Short Income

I | TLDIX

Morningstar Rating

(As of 30 Apr 2022)

Overall Morningstar Rating among 214 Ultrashort Bond funds, based on risk-adjusted returns for class I shares, using a weighted average of the funds three- and five-year ratings: respectively, 5 stars and 5 stars among 214 and 175 funds, as of 30 Apr 2022.

Morningstar CategoryUltrashort Bond
Institutional Strategy

Multisector Opportunistic

Strategy Assets

$4.6 B

(As of 30 Apr 2022)

Inception Date

1 Jan 2008

UCITS Funds

Limited Term Income

I Acc | THLTIUA ID

Morningstar Rating

(As of 30 Apr 2022)

Overall Morningstar Rating among 157 USD Corporate Bond - Short Term funds, based on risk-adjusted returns for class I Acc shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 3 stars, 3 stars and 5 stars among 157, 124 and 55 funds, as of 30 Apr 2022.

Morningstar CategoryUSD Corporate Bond - Short Term
I Acc | TBIIBUI ID

Morningstar Rating

(As of 30 Apr 2022)

Overall Morningstar Rating among 322 USD Aggressive Allocation funds, based on risk-adjusted returns for class I Acc shares, using a weighted average of the funds three- and five-year ratings: respectively, 3 stars and 4 stars among 322 and 253 funds, as of 30 Apr 2022.

Morningstar CategoryUSD Aggressive Allocation
Managed Account

Limited Term Income

Strategy Assets

$9.5 B

(As of 30 Apr 2022)

Inception Date

1 Feb 1993

Mutual Fund

Strategic Income

I | TSIIX

Morningstar Rating

(As of 30 Apr 2022)

Overall Morningstar Rating among 279 Multisector Bond funds, based on risk-adjusted returns for class I shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 5 stars, 5 stars and 5 stars among 279, 246 and 137 funds, as of 30 Apr 2022.

Morningstar CategoryMultisector Bond
I | TIBIX

Morningstar Rating

(As of 30 Apr 2022)

Overall Morningstar Rating among 398 World Allocation 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 398, 353 and 248 funds, as of 30 Apr 2022.

Morningstar CategoryWorld Allocation

Insights

Investment Tactics

The Role of Fixed Income As Central Banks Pivot

The Fed's shift to fighting inflation triggered a liquidity regime change. As a result, asset allocators face increased uncertainty from a variety of sources.
Monetary & Fiscal Policy

Fed Finally Set for a “Live” Meeting

There is a concept within the community of “Fed-watchers” of a “live meeting" where there is a significant chance of the Fed actually changing policy.
Inflation

Solving for Inflation, Interest Rates and Income with Jason Brady

President and CEO Jason Brady discusses the headwinds facing the fixed income market, particularly the latest Fed rate hike, inflation and rising volatility amid global uncertainty.
Monetary & Fiscal Policy

CEO Jason Brady Talks the Fed and Inflation on Bloomberg TV

Jason Brady appeared on Bloomberg TV in studio to discuss what's driving markets, particularly the Fed and inflation.
Markets

Rethink How You Approach Fixed Income

Don’t doubt the importance of fixed income. Despite a low-yield environment, fixed income is relevant. Jason Brady discusses how to reframe the conversation.
ESG

In Search of an ESG Standard in a Sea of ESG “Standards”

Stakeholders need to understand and evaluate financially material ESG factors in investments because singular "winner" of ESG standards may never come.
Markets

How Fixed Income’s Role in a Portfolio Is Changing

Jason Brady discusses how Thornburg’s nimble approach to fixed income can benefit investors during the current market environment.
Capital Appreciation

Global Rates: Is There Room to Run?

Jason Brady discusses falling global interest rates and potential opportunities on a country-by-country basis.
Economy

Outlook for Growth and Inflation with President and CEO Jason Brady

Jason Brady discusses the acceleration of economic growth in developed markets and the impact inflation could have going forward.
Markets

Listen to CEO Jason Brady Discuss the Future of Fixed Income

Inflation looms, rates are climbing, yields could be negative, and there is no longer safety in sovereign bonds—leading us to ask: what’s next for fixed income?
Outlook

Managing Fixed Income in a Brave New Post-Pandemic World

Yields on “risk-free” U.S. Treasuries have risen, while credit spreads have tightened to near historical levels. This is not a “normal” economic recovery.
Markets

CEO Jason Brady on Bloomberg TV

President and CEO Jason Brady joined Bloomberg TV to discuss his outlook on fixed income and equity markets.
Markets

What’s Next – Navigating Volatile Fixed Income Markets

Jason Brady examines the volatility in fixed income markets and the opportunities that may lie ahead.
Markets & Economy

CEO Jason Brady Talks Markets on Bloomberg TV

Jason Brady joined Bloomberg TV to discuss the fixed income and equity markets amid Fed action and the rise of the retail investor.
Markets

The Value of Balanced Portfolio Construction

Listen to our CEO discuss the importance of a balanced investment portfolio during market rallies and some individual stocks.