Thornburg Global Opportunities Fund

SYMBOL: THOGX

Morningstar Rating • Info

Overall Morningstar Rating among 308 World Large-Stock Blend funds, based on risk-adjusted returns for class R6 shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 5 stars, 5 stars and 3 stars among 308, 300 and 205 funds, as of 31 Oct 2025.

As of 31 Oct 2025

Fund Assets

$1.5 B

As of 31 Oct 2025

NAV

$47.23

As of 28 Nov 2025

Change

$0.37

As of 28 Nov 2025

YTD NAV Performance

37.17%

As of 28 Nov 2025

Asset Category:

Global Equity

Fund Benchmark:

MSCI ACWI Index

Portfolio Managers

Brian McMahon

Vice Chairman, Chief Investment Strategist and Managing Director

Miguel Oleaga

Portfolio Manager and Managing Director

Overview Performance Fund Facts Characteristics Portfolio Portfolio Managers Literature

Overview

Why Invest in This Fund?

A flexible, focused equity portfolio seeking investment opportunities from around the globe and across market capitalizations.
A proven fundamental research process to identify and select quality, undervalued businesses with a defined path to success and value creation.
The fund seeks to outperform global equity markets over a full market cycle.

Investment Objective

The fund’s goal is to provide investors with long-term capital appreciation by investing in equity and debt securities of all types from issuers around the world.

Investment Approach

The fund has the flexibility to seek investment opportunities from around the world and across market capitalizations. It employs a fundamental, bottom-up investment process to identify companies that we believe have quality business models, trading at a discount to long-term intrinsic value, and have a defined path to success. The portfolio typically holds 30-40 securities and is diversified across countries and sectors.

Returns

(As of 30 Sep 2025)

YTD

10y

Inception

Total Return (%)

32.66

27.06

26.24

16.80

11.71

11.11

MSCI ACWI Index (%)

18.44

17.27

23.12

13.54

11.91

7.99

Morningstar Category Avg. (%)

16.47

13.41

20.29

11.93

10.5

—

Morningstar Quartile

—

Morningstar Quartile # of Funds

—

333

308

300

205

—

YTD

10y

Inception

Total Return (%)

33.46

31.43

23.81

17.04

11.33

11.10

MSCI ACWI Index (%)

21.09

22.64

21.64

14.61

11.31

8.08

Morningstar Category Avg. (%)

17.94

17.95

18.32

12.72

9.87

—

Morningstar Quartile

—

Morningstar Quartile # of Funds

—

333

308

300

205

—

YTD

10y

Inception

Total Return (%)

32.66

27.06

101.17

117.39

202.70

654.24

MSCI ACWI Index (%)

18.44

17.27

86.65

88.71

208.11

336.62

YTD

10y

Inception

Total Return (%)

33.46

31.43

89.79

119.66

192.54

658.78

MSCI ACWI Index (%)

21.09

22.64

79.96

97.74

192.08

346.38

2019

2020

2021

2022

2023

2024

Total Return (%)

28.94

22.83

14.91

-9.95

16.40

13.21

MSCI ACWI Index (%)

26.60

16.25

18.54

-18.36

22.20

17.49

Source: Confluence

Periods less than one year are not annualized.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate so shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than quoted.

The maximum sales charge for the equity funds' A shares is 4.50%. C shares include a 1% contingent deferred sales charge (CDSC) for the first year only. There is no up-front sales charge for class I or R shares.

Morningstar quartile ranking for World Large-Stock Blend category is based on total returns before sales charges.

Prior to inception of R3, R4 and R5 share classes, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.

Share class inception dates: A, C and I shares, 28 July 2006; R3, R4 and R5 shares, 1 Feb 2008; R6 shares, 10 Apr 2017.

Fund Fees

(As of 1 Feb 2025)

Gross Expense Ratio (%)

1.01

Net Expense Ratio (%)

0.85

Thornburg Investment Management and/or Thornburg Securities LLC have contractually agreed to waive fees and reimburse expenses through at least February 1, 2026, for some of the share classes; these are reflected in the net expense ratio. For more detailed information on fund expenses and waivers/reimbursements, please see the fund's prospectus.

Expense Ratios - Expressed as a percentage of total fund assets and include management fees and operating costs. Expense ratios fluctuate over time and the expense ratio in the prospectus may differ from the actual expense ratio. The fund's total return includes the deduction of expenses.

Hypothetical Growth of $10,000

            Categories,R6 Shares,MSCI ACWI Index
            2006-07-28,10000,10000
2006-07-31,10001,9994
2006-08-31,10214,10253
2006-09-30,10780,10373
2006-10-31,11564,10762
2006-11-30,12028,11066
2006-12-31,12603,11313
2007-01-31,12922,11425
2007-02-28,13071,11365
2007-03-31,13612,11593
2007-04-30,14297,12107
2007-05-31,15246,12468
2007-06-30,15601,12431
2007-07-31,15991,12241
2007-08-31,16159,12207
2007-09-30,17085,12863
2007-10-31,17943,13365
2007-11-30,16886,12774
2007-12-31,16705,12632
2008-01-31,15489,11598
2008-02-29,15689,11630
2008-03-31,14965,11460
2008-04-30,15701,12099
2008-05-31,16192,12288
2008-06-30,14824,11279
2008-07-31,14502,10986
2008-08-31,13905,10750
2008-09-30,11871,9406
2008-10-31,9106,7542
2008-11-30,8320,7047
2008-12-31,8699,7302
2009-01-31,7705,6678
2009-02-28,7011,6024
2009-03-31,7463,6521
2009-04-30,8649,7290
2009-05-31,9909,8017
2009-06-30,10175,7972
2009-07-31,10987,8673
2009-08-31,11522,8984
2009-09-30,12356,9396
2009-10-31,11937,9251
2009-11-30,12140,9631
2009-12-31,12760,9831
2010-01-31,12585,9406
2010-02-28,12874,9526
2010-03-31,13934,10138
2010-04-30,14234,10155
2010-05-31,12976,9193
2010-06-30,12277,8909
2010-07-31,13100,9634
2010-08-31,12354,9298
2010-09-30,13407,10187
2010-10-31,13758,10555
2010-11-30,13638,10320
2010-12-31,14787,11076
2011-01-31,15171,11250
2011-02-28,15914,11577
2011-03-31,15746,11566
2011-04-30,16751,12039
2011-05-31,16904,11780
2011-06-30,16343,11595
2011-07-31,16136,11406
2011-08-31,14846,10573
2011-09-30,12824,9575
2011-10-31,14555,10600
2011-11-30,13956,10283
2011-12-31,13701,10262
2012-01-31,14648,10859
2012-02-29,15417,11405
2012-03-31,15502,11481
2012-04-30,15231,11350
2012-05-31,13927,10332
2012-06-30,14131,10842
2012-07-31,14524,10991
2012-08-31,15017,11230
2012-09-30,15877,11584
2012-10-31,15943,11506
2012-11-30,15890,11654
2012-12-31,16735,11917
2013-01-31,17493,12467
2013-02-28,17529,12465
2013-03-31,18087,12692
2013-04-30,18294,13055
2013-05-31,18843,13019
2013-06-30,18139,12639
2013-07-31,18708,13244
2013-08-31,18916,12968
2013-09-30,19862,13638
2013-10-31,20686,14186
2013-11-30,21107,14387
2013-12-31,21554,14635
2014-01-31,21533,14049
2014-02-28,22694,14728
2014-03-31,22420,14794
2014-04-30,23005,14934
2014-05-31,24068,15252
2014-06-30,24594,15539
2014-07-31,24189,15351
2014-08-31,24726,15690
2014-09-30,24117,15181
2014-10-31,24827,15288
2014-11-30,25833,15544
2014-12-31,25650,15244
2015-01-31,25467,15005
2015-02-28,27472,15841
2015-03-31,27391,15595
2015-04-30,27626,16048
2015-05-31,28503,16027
2015-06-30,27475,15650
2015-07-31,28363,15786
2015-08-31,27028,14703
2015-09-30,24916,14171
2015-10-31,25938,15283
2015-11-30,26264,15157
2015-12-31,26062,14883
2016-01-31,24431,13986
2016-02-29,24389,13890
2016-03-31,25497,14919
2016-04-30,25220,15139
2016-05-31,25867,15158
2016-06-30,24159,15066
2016-07-31,24940,15716
2016-08-31,25279,15769
2016-09-30,25678,15865
2016-10-31,25977,15596
2016-11-30,26503,15714
2016-12-31,27140,16054
2017-01-31,28113,16493
2017-02-28,28248,16956
2017-03-31,29111,17163
2017-04-30,30220,17430
2017-05-31,31345,17815
2017-06-30,31035,17896
2017-07-31,32109,18396
2017-08-31,31644,18467
2017-09-30,32191,18824
2017-10-31,32832,19215
2017-11-30,32274,19587
2017-12-31,33142,19902
2018-01-31,34417,21025
2018-02-28,32717,20142
2018-03-31,31338,19711
2018-04-30,32157,19899
2018-05-31,32250,19924
2018-06-30,31556,19816
2018-07-31,32219,20414
2018-08-31,31773,20574
2018-09-30,31307,20664
2018-10-31,28560,19115
2018-11-30,28373,19395
2018-12-31,26326,18029
2019-01-31,28994,19452
2019-02-28,29335,19973
2019-03-31,29623,20224
2019-04-30,31203,20907
2019-05-31,27959,19666
2019-06-30,29847,20954
2019-07-31,30082,21015
2019-08-31,28535,20517
2019-09-30,29634,20949
2019-10-31,30957,21522
2019-11-30,32294,22047
2019-12-31,33945,22824
2020-01-31,32826,22572
2020-02-29,31446,20749
2020-03-31,25546,17947
2020-04-30,28730,19870
2020-05-31,30131,20734
2020-06-30,31131,21397
2020-07-31,33576,22528
2020-08-31,35630,23907
2020-09-30,34695,23136
2020-10-31,34543,22574
2020-11-30,39153,25356
2020-12-31,41694,26534
2021-01-31,41636,26413
2021-02-28,43514,27025
2021-03-31,44553,27747
2021-04-30,46688,28960
2021-05-31,47214,29411
2021-06-30,47202,29798
2021-07-31,47027,30003
2021-08-31,47762,30754
2021-09-30,46257,29484
2021-10-31,47319,30989
2021-11-30,45727,30243
2021-12-31,47912,31452
2022-01-31,47698,29908
2022-02-28,46347,29135
2022-03-31,46721,29766
2022-04-30,44006,27384
2022-05-31,45049,27416
2022-06-30,40689,25105
2022-07-31,41772,26858
2022-08-31,40997,25869
2022-09-30,37492,23393
2022-10-31,39980,24804
2022-11-30,44605,26728
2022-12-31,43143,25677
2023-01-31,46653,27517
2023-02-28,45330,26728
2023-03-31,44968,27552
2023-04-30,45330,27948
2023-05-31,44383,27649
2023-06-30,46263,29254
2023-07-31,49412,30325
2023-08-31,47141,29478
2023-09-30,45929,28259
2023-10-31,43756,27409
2023-11-30,46953,29939
2023-12-31,50220,31377
2024-01-31,49968,31561
2024-02-29,51300,32916
2024-03-31,54450,33949
2024-04-30,54332,32829
2024-05-31,56359,34162
2024-06-30,56447,34923
2024-07-31,57231,35486
2024-08-31,57690,36388
2024-09-30,59362,37233
2024-10-31,57734,36397
2024-11-30,57563,37758
2024-12-31,56853,36865
2025-01-31,60439,38102
2025-02-28,61629,37872
2025-03-31,60987,36376
2025-04-30,61081,36716
2025-05-31,64761,38826
2025-06-30,67689,40569
2025-07-31,69239,41120
2025-08-31,72276,42135
2025-09-30,75424,43662
2025-10-31,75878,44638

Hypothetical Growth of $10,000

(As of 31 Oct 2025)

(Hypothetical Growth of $10,000 vs MSCI ACWI Index)

                        Categories,R6 Shares,MSCI ACWI Index
                        2024-10-31,10000,10000
2024-11-30,9970,10374
2024-12-31,9847,10128
2025-01-31,10468,10468
2025-02-28,10675,10405
2025-03-31,10563,9994
2025-04-30,10580,10088
2025-05-31,11217,10667
2025-06-30,11724,11146
2025-07-31,11993,11297
2025-08-31,12519,11576
2025-09-30,13064,11996
2025-10-31,13143,12264

                        Categories,R6 Shares,MSCI ACWI Index
                        2022-10-31,10000,10000
2022-11-30,11157,10776
2022-12-31,10791,10352
2023-01-31,11669,11094
2023-02-28,11338,10776
2023-03-31,11248,11108
2023-04-30,11338,11268
2023-05-31,11101,11147
2023-06-30,11572,11794
2023-07-31,12359,12226
2023-08-31,11791,11884
2023-09-30,11488,11393
2023-10-31,10944,11050
2023-11-30,11744,12070
2023-12-31,12561,12650
2024-01-31,12498,12724
2024-02-29,12831,13270
2024-03-31,13619,13687
2024-04-30,13590,13235
2024-05-31,14097,13773
2024-06-30,14119,14079
2024-07-31,14315,14306
2024-08-31,14430,14670
2024-09-30,14848,15011
2024-10-31,14441,14674
2024-11-30,14398,15222
2024-12-31,14220,14862
2025-01-31,15117,15361
2025-02-28,15415,15268
2025-03-31,15254,14665
2025-04-30,15278,14802
2025-05-31,16198,15653
2025-06-30,16931,16356
2025-07-31,17318,16578
2025-08-31,18078,16987
2025-09-30,18865,17602
2025-10-31,18979,17996

                        Categories,R6 Shares,MSCI ACWI Index
                        2020-10-31,10000,10000
2020-11-30,11334,11233
2020-12-31,12070,11754
2021-01-31,12053,11701
2021-02-28,12597,11972
2021-03-31,12898,12291
2021-04-30,13516,12829
2021-05-31,13668,13029
2021-06-30,13665,13200
2021-07-31,13614,13291
2021-08-31,13827,13624
2021-09-30,13391,13061
2021-10-31,13698,13728
2021-11-30,13238,13397
2021-12-31,13870,13933
2022-01-31,13808,13249
2022-02-28,13417,12907
2022-03-31,13526,13186
2022-04-30,12740,12131
2022-05-31,13042,12145
2022-06-30,11779,11121
2022-07-31,12093,11898
2022-08-31,11868,11460
2022-09-30,10854,10363
2022-10-31,11574,10988
2022-11-30,12913,11840
2022-12-31,12490,11374
2023-01-31,13506,12190
2023-02-28,13123,11840
2023-03-31,13018,12205
2023-04-30,13123,12381
2023-05-31,12849,12248
2023-06-30,13393,12959
2023-07-31,14304,13434
2023-08-31,13647,13058
2023-09-30,13296,12518
2023-10-31,12667,12142
2023-11-30,13593,13263
2023-12-31,14538,13900
2024-01-31,14466,13981
2024-02-29,14851,14581
2024-03-31,15763,15039
2024-04-30,15729,14543
2024-05-31,16315,15133
2024-06-30,16341,15471
2024-07-31,16568,15720
2024-08-31,16701,16119
2024-09-30,17185,16494
2024-10-31,16714,16123
2024-11-30,16664,16727
2024-12-31,16459,16331
2025-01-31,17497,16879
2025-02-28,17841,16777
2025-03-31,17655,16114
2025-04-30,17683,16265
2025-05-31,18748,17199
2025-06-30,19595,17972
2025-07-31,20044,18215
2025-08-31,20924,18665
2025-09-30,21835,19342
2025-10-31,21966,19774

The Hypothetical Growth graph compares a hypothetical investment in the Fund to the performance of the Index for the stated time period. Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.

Distributions

            Categories,Total ($)
            2017-09-30,0.02966
2017-12-31,0.10980
2018-12-31,0.70239
2019-11-14,0.28174
2019-12-31,0.27310
2020-11-19,2.30329
2020-12-31,0.13293
2021-11-18,4.54624
2021-12-31,0.64117
2022-11-17,0.78534
2022-12-31,0.49202
2023-11-16,1.19547
2023-12-31,0.77713
2024-11-21,0.97178
2024-12-31,1.14213
2025-11-20,2.45657

            Ex-Date, Payable Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
2017-09-22,1506729600,0.02966,0.02966,0,0
2017-12-22,1514678400,0.10980,0.10980,0,0
2018-12-21,1546214400,0.70239,0.70239,0,0
2019-11-14,1573689600,0.28174,0,0.00000,0.28174
2019-12-20,1577750400,0.27310,0.27310,0,0
2020-11-19,1605744000,2.30329,0,0.68813,1.61516
2020-12-17,1609372800,0.13293,0.13293,0,0
2021-11-18,1637193600,4.54624,0,0.00000,4.54624
2021-12-16,1640908800,0.64117,0.64117,0,0
2022-11-17,1668643200,0.78534,0,0.00000,0.78534
2022-12-15,1672444800,0.49202,0.49202,0,0
2023-11-16,1700092800,1.19547,0,0.17333,1.02214
2023-12-14,1703980800,0.77713,0.77713,0,0
2024-11-21,1732147200,0.97178,0,0.06433,0.90745
2024-12-19,1735603200,1.14213,1.14213,0,0
2025-11-20,1763596800,2.45657,0,0.00000,2.45657

Distributions

(As of 20 Nov 2025)

Ex-Date

Payable Date

Total ($)

Income ($)

ST Cap Gains ($)

LT Cap Gains ($)

22 Sep 2017

30 Sep 2017

0.02966

—

22 Dec 2017

31 Dec 2017

0.10980

—

21 Dec 2018

31 Dec 2018

0.70239

—

14 Nov 2019

0.28174

—

0.00000

0.28174

20 Dec 2019

31 Dec 2019

0.27310

—

19 Nov 2020

2.30329

—

0.68813

1.61516

17 Dec 2020

31 Dec 2020

0.13293

—

18 Nov 2021

4.54624

—

0.00000

4.54624

16 Dec 2021

31 Dec 2021

0.64117

—

17 Nov 2022

0.78534

—

0.00000

0.78534

15 Dec 2022

31 Dec 2022

0.49202

—

16 Nov 2023

1.19547

—

0.17333

1.02214

14 Dec 2023

31 Dec 2023

0.77713

—

21 Nov 2024

0.97178

—

0.06433

0.90745

19 Dec 2024

31 Dec 2024

1.14213

—

20 Nov 2025

2.45657

—

0.00000

2.45657

Fund Facts

(As of 31 Oct 2025)

Net Fund Assets

$1.5 B

Benchmark

MSCI ACWI Index

Morningstar Category

World Large-Stock Blend

Fund Symbol

THOGX

Share Class

Share Class Inception Date

10 Apr 2017

Distribution Frequency

Annually

Characteristics

Portfolio

(As of 31 Oct 2025)

Portfolio

Benchmark

Number of Holdings

—

Weighted Average Market Cap

$482.9 B

$993.3 B

Median Market Cap

$137.4 B

$17.2 B

Annual Portfolio Turnover

15%

—

Price to Earnings - Forward 1YR

15.6x

20.8x

Portfolio

Benchmark

Price to Earnings - Trailing 12 Months

19.5x

24.6x

Price to Cash Flow

8.0x

14.7x

Price to Book Value

2.0x

3.6x

Active Share

90.6%

—

Risk & Return Profile

(As of 31 Oct 2025)

10y

Annualized Alpha (%)

2.78

3.25

-0.03

Beta

0.95

0.92

1.02

R-Squared (%)

74.08

81.25

81.96

Standard Deviation (%)

13.43

15.09

16.23

Sharpe Ratio

1.39

0.91

0.56

Information Ratio

0.29

0.34

-0.02

Up Capture (%)

97.87

96.12

99.68

Down Capture (%)

78.29

80.34

100.24

Past performance does not guarantee future results.

Risk & Return Profile metrics are based on the I share class.

Portfolio

Top Holdings

(As of 30 Sep 2025)

Name

Ticker/Symbol

Sector

Weight %

Alphabet, Inc.

GOOGL

Communication Services

5.5

Zegona Communications plc

ZEG

Communication Services

5.1

Citigroup, Inc.

Financials

4.3

Samsung Electronics Co. Ltd.

005930

Information Technology

4.1

Alibaba Group Holding Ltd.

BABA

Consumer Discretionary

4.1

Orange S.A.

ORA

Communication Services

4.0

Bank of Ireland Group plc

BIRG

Financials

4.0

Meta Platforms, Inc.

Brian McMahon

Vice Chairman, Chief Investment Strategist and Managing Director

Brian McMahon is chief investment strategist for Thornburg Investment Management. Brian is deeply respected for his market and investment insight and serves as a key voice for the investment team and Thornburg clients. He also co-manages Thornburg’s global equity portfolios and serves as vice chairman of Thornburg. Brian joined Thornburg in 1984 as chief investment officer; a role he held…

Learn More

Miguel Oleaga

Portfolio Manager and Managing Director

Miguel Oleaga is a portfolio manager for Thornburg Investment Management. He joined the firm in 2014 as an equity research analyst, was promoted to associate portfolio manager in 2017, and was named portfolio manager in 2018. Miguel holds a BS in business administration (finance and management specialties) from the University of Massachusetts. Prior to his joining Thornburg, Miguel worked at…

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Important Information

To determine a fund's Morningstar Rating™, funds and other managed products with at least a three-year history are ranked in their categories by their Morningstar Risk-Adjusted Return scores. The top 10% receive 5 stars; the next 22.5%, 4 stars; the middle 35%, 3 stars; the next 22.5%, 2 stars; and the bottom 10% receive 1 star. The Risk-Adjusted Return accounts for variation in a managed product's monthly excess performance (excluding sales charges), placing more emphasis on downward variations and rewarding consistent performance. Other share classes may have different performance characteristics.

© 2025 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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 thornburg.com. 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.

The performance of any index is not indicative of the performance of any particular investment. Unless otherwise noted, index returns reflect the reinvestment of income dividends and capital gains, if any, but do not reflect fees, brokerage commissions or other expenses of investing. Investors may not make direct investments into any index.

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

Funds invested in a limited number of holdings may expose an investor to greater volatility.

Class R shares are limited to retirement platforms only.

Class I shares may not be available to all investors. Minimum investments for the I share class may be higher than those for other classes.

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

Please see our glossary for a definition of terms.

Thornburg mutual funds are distributed by Thornburg Securities LLC.

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 LLC (TSL) does not act as broker of record for investors.

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Thornburg Global Opportunities Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Brian McMahon

Miguel Oleaga

Literature

Annual Shareholder Letter

Important Information

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Thornburg Global Opportunities Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Brian McMahon

Miguel Oleaga

Literature

Annual Shareholder Letter

Important Information

More Insights

A Time for Active Fixed Income

Looking Past the Pandemic: Opportunities in Global Equities

There’s Always Room for SMID

Thornburg PM Perspectives: Identifying Strong Companies

Why You Should Favor Emerging Market Stocks in Asset Allocation