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Welcome to Thornburg

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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.

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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.

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Thornburg Limited Term U.S. Government Fund

Morningstar Rating  • Info

Overall Morningstar Rating among 77 Short Government funds, based on risk-adjusted returns for class C shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 1 star, 1 star and 1 star among 77, 75 and 66 funds, as of 31 Dec 2022.

As of 31 Dec 2022
Fund Assets
$207.6 M
As of 31 Dec 2022
NAV
$12.02
As of 27 Jan 2023
Change
$-0.01
As of 27 Jan 2023
YTD NAV Performance
2.12%
As of 27 Jan 2023
Asset Category:
Global Fixed Income
Fund Benchmark:
BBG US Govt Int TR Value
Portfolio Managers
Portfolio Manager and Managing Director
Co-Head of Investments and Managing Director
President and CEO
Overview

Overview

Why Invest in This Fund?

  • Actively managed portfolio of high-quality short- to intermediate-term obligations issued by the U.S. government, designed to exhibit low or negative correlation to equities and low share price volatility.
  • Proven bottom-up fundamental approach focused on investing in short- to intermediate-term obligations issued by the U.S. government and its agencies with an average maturity of five years or less.
  • Seeks provide consistent income with the preservation of capital and lower volatility relative to core bond strategies.

Investment Objective

The fund’s goal is to provide investors as high a level of current income as is consistent with safety of capital. The fund also seeks to reduce changes in its share price compared to longer term portfolios.

Investment Approach

The Fund is an actively managed portfolio of short and intermediate obligations issued by the U.S. government, its agencies or instrumentalities, with a weighted average maturity of less than five years. The fund seeks to provide income consistent with the preservation of capital and lower volatility relative to core bond strategies

Performance

Performance

Returns

(As of 31 Dec 2022)
YTD
1y
3y
5y
10y
Inception
Total Return with Sales Charge (%)
-8.80
-8.80
-2.48
-0.76
-0.30
2.86
Total Return without Sales Charge (%)
-8.34
-8.34
-2.48
-0.76
-0.30
2.86
BBG US Govt Int TR Value (%)
-7.73
-7.73
-1.38
0.46
0.69
4.72
Morningstar Category Avg. (%)
-5.15
-5.15
-1.05
0.29
0.32
Morningstar Quartile
4
4
4
4
YTD
1y
3y
5y
10y
Inception
Total Return with Sales Charge (%)
-8.80
-8.80
-2.48
-0.76
-0.30
2.86
Total Return without Sales Charge (%)
-8.34
-8.34
-2.48
-0.76
-0.30
2.86
BBG US Govt Int TR Value (%)
-7.73
-7.73
-1.38
0.46
0.69
4.72
Morningstar Category Avg. (%)
-5.15
-5.15
-1.05
0.29
0.32
Morningstar Quartile
4
4
4
4
YTD
1y
3y
5y
10y
Inception
Total Return with Sales Charge (%)
-8.80
-8.80
-7.25
-3.75
-2.97
122.09
Total Return without Sales Charge (%)
-8.34
-8.34
-7.25
-3.75
-2.97
122.09
BBG US Govt Int TR Value (%)
-7.73
-7.73
-4.09
2.34
7.14
405.77
YTD
1y
3y
5y
10y
Inception
Total Return with Sales Charge (%)
-8.80
-8.80
-7.25
-3.75
-2.97
122.09
Total Return without Sales Charge (%)
-8.34
-8.34
-7.25
-3.75
-2.97
122.09
BBG US Govt Int TR Value (%)
-7.73
-7.73
-4.09
2.34
7.14
405.77
2017
2018
2019
2020
2021
2022
Total Return with Sales Charge (%)
-0.20
0.00
2.77
2.96
-2.67
-8.80
BBG US Govt Int TR Value (%)
1.14
1.43
5.20
5.73
-1.69
-7.73
Fund Fees

Fund Fees

(As of 31 Dec 2022)
Gross Expense Ratio (%)
1.24
Net Expense Ratio (%)
1.24
Hypothetical Growth of $10,000

Hypothetical Growth of $10,000

(As of 31 Dec 2022)
(Hypothetical Growth of $10,000 vs BBG US Govt Int TR Value)
Distributions

Distributions

(As of 31 Dec 2022)
Ex-Date
Total ($)
Income ($)
ST Cap Gains ($)
LT Cap Gains ($)
30 Sep 1994
0.05898
0.05898
31 Oct 1994
0.05516
0.05516
30 Nov 1994
0.05560
0.05560
30 Dec 1994
0.05777
0.05777
31 Jan 1995
0.05914
0.05914
28 Feb 1995
0.05764
0.05764
31 Mar 1995
0.05963
0.05963
28 Apr 1995
0.05800
0.05800
31 May 1995
0.05788
0.05788
30 Jun 1995
0.05722
0.05722
31 Jul 1995
0.05779
0.05779
31 Aug 1995
0.05780
0.05780
29 Sep 1995
0.05776
0.05776
31 Oct 1995
0.05893
0.05893
30 Nov 1995
0.05834
0.05834
29 Dec 1995
0.05823
0.05823
31 Jan 1996
0.05906
0.05906
29 Feb 1996
0.05834
0.05834
29 Mar 1996
0.05954
0.05954
30 Apr 1996
0.05894
0.05894
31 May 1996
0.05884
0.05884
28 Jun 1996
0.05875
0.05875
31 Jul 1996
0.06006
0.06006
30 Aug 1996
0.05980
0.05980
30 Sep 1996
0.05971
0.05971
31 Oct 1996
0.05949
0.05949
29 Nov 1996
0.05874
0.05874
31 Dec 1996
0.05888
0.05888
31 Jan 1997
0.05903
0.05903
28 Feb 1997
0.05681
0.05681
31 Mar 1997
0.05879
0.05879
30 Apr 1997
0.05806
0.05806
30 May 1997
0.05833
0.05833
30 Jun 1997
0.05757
0.05757
31 Jul 1997
0.05732
0.05732
29 Aug 1997
0.05706
0.05706
30 Sep 1997
0.05641
0.05641
31 Oct 1997
0.05535
0.05535
28 Nov 1997
0.05453
0.05453
31 Dec 1997
0.05489
0.05489
30 Jan 1998
0.05484
0.05484
27 Feb 1998
0.05283
0.05283
31 Mar 1998
0.05433
0.05433
30 Apr 1998
0.05349
0.05349
29 May 1998
0.05366
0.05366
30 Jun 1998
0.05271
0.05271
31 Jul 1998
0.05278
0.05278
31 Aug 1998
0.05217
0.05217
30 Sep 1998
0.05188
0.05188
30 Oct 1998
0.05106
0.05106
30 Nov 1998
0.05071
0.05071
31 Dec 1998
0.05040
0.05040
29 Jan 1999
0.05013
0.05013
26 Feb 1999
0.04930
0.04930
31 Mar 1999
0.05014
0.05014
30 Apr 1999
0.05000
0.05000
28 May 1999
0.04999
0.04999
30 Jun 1999
0.05028
0.05028
30 Jul 1999
0.05033
0.05033
31 Aug 1999
0.05067
0.05067
30 Sep 1999
0.05071
0.05071
29 Oct 1999
0.05095
0.05095
30 Nov 1999
0.05076
0.05076
31 Dec 1999
0.05174
0.05174
31 Jan 2000
0.05209
0.05209
29 Feb 2000
0.05274
0.05274
31 Mar 2000
0.05313
0.05313
28 Apr 2000
0.05244
0.05244
31 May 2000
0.05290
0.05290
30 Jun 2000
0.05318
0.05318
31 Jul 2000
0.05334
0.05334
31 Aug 2000
0.05390
0.05390
29 Sep 2000
0.05345
0.05345
31 Oct 2000
0.05313
0.05313
30 Nov 2000
0.05349
0.05349
29 Dec 2000
0.05409
0.05409
31 Jan 2001
0.05341
0.05341
28 Feb 2001
0.05339
0.05339
30 Mar 2001
0.05079
0.05079
30 Apr 2001
0.05108
0.05108
31 May 2001
0.05206
0.05206
29 Jun 2001
0.05130
0.05130
31 Jul 2001
0.05056
0.05056
31 Aug 2001
0.05056
0.05056
28 Sep 2001
0.04563
0.04563
31 Oct 2001
0.04631
0.04631
30 Nov 2001
0.05134
0.05134
31 Dec 2001
0.04051
0.04051
31 Jan 2002
0.04260
0.04260
28 Feb 2002
0.03722
0.03722
28 Mar 2002
0.04674
0.04674
30 Apr 2002
0.04892
0.04892
31 May 2002
0.05130
0.05130
28 Jun 2002
0.05091
0.05091
31 Jul 2002
0.04048
0.04048
30 Aug 2002
0.03899
0.03899
30 Sep 2002
0.04215
0.04215
31 Oct 2002
0.04482
0.04482
29 Nov 2002
0.03949
0.03949
31 Dec 2002
0.03937
0.03937
31 Jan 2003
0.03370
0.03370
28 Feb 2003
0.02564
0.02564
31 Mar 2003
0.04049
0.04049
30 Apr 2003
0.04972
0.04972
30 May 2003
0.04215
0.04215
30 Jun 2003
0.02814
0.02814
31 Jul 2003
0.02855
0.02855
29 Aug 2003
0.02854
0.02854
30 Sep 2003
0.02780
0.02780
31 Oct 2003
0.02737
0.02737
28 Nov 2003
0.02774
0.02774
31 Dec 2003
0.02801
0.02801
30 Jan 2004
0.02648
0.02648
27 Feb 2004
0.02661
0.02661
31 Mar 2004
0.02798
0.02798
30 Apr 2004
0.02768
0.02768
28 May 2004
0.02564
0.02564
30 Jun 2004
0.02450
0.02450
30 Jul 2004
0.02556
0.02556
31 Aug 2004
0.02516
0.02516
30 Sep 2004
0.02145
0.02145
29 Oct 2004
0.02152
0.02152
30 Nov 2004
0.02384
0.02384
31 Dec 2004
0.03332
0.03332
31 Jan 2005
0.02326
0.02326
28 Feb 2005
0.02317
0.02317
31 Mar 2005
0.02460
0.02460
29 Apr 2005
0.02444
0.02444
31 May 2005
0.02555
0.02555
30 Jun 2005
0.02500
0.02500
29 Jul 2005
0.02600
0.02600
31 Aug 2005
0.02606
0.02606
30 Sep 2005
0.02638
0.02638
31 Oct 2005
0.02625
0.02625
30 Nov 2005
0.02683
0.02683
30 Dec 2005
0.02781
0.02781
31 Jan 2006
0.02372
0.02372
28 Feb 2006
0.02372
0.02372
31 Mar 2006
0.03002
0.03002
28 Apr 2006
0.02734
0.02734
31 May 2006
0.02981
0.02981
30 Jun 2006
0.03201
0.03201
31 Jul 2006
0.03146
0.03146
31 Aug 2006
0.02885
0.02885
29 Sep 2006
0.02896
0.02896
31 Oct 2006
0.02961
0.02961
30 Nov 2006
0.02534
0.02534
29 Dec 2006
0.03263
0.03263
31 Jan 2007
0.02865
0.02865
28 Feb 2007
0.02864
0.02864
30 Mar 2007
0.03270
0.03270
30 Apr 2007
0.03042
0.03042
31 May 2007
0.03274
0.03274
29 Jun 2007
0.03293
0.03293
31 Jul 2007
0.03413
0.03413
31 Aug 2007
0.03412
0.03412
28 Sep 2007
0.03638
0.03638
31 Oct 2007
0.03476
0.03476
30 Nov 2007
0.03470
0.03470
31 Dec 2007
0.03459
0.03459
31 Jan 2008
0.03387
0.03387
29 Feb 2008
0.03440
0.03440
31 Mar 2008
0.03207
0.03207
30 Apr 2008
0.03272
0.03272
30 May 2008
0.03379
0.03379
30 Jun 2008
0.03509
0.03509
31 Jul 2008
0.03453
0.03453
29 Aug 2008
0.03627
0.03627
30 Sep 2008
0.03600
0.03600
31 Oct 2008
0.02532
0.02532
28 Nov 2008
0.03265
0.03265
31 Dec 2008
0.01429
0.01429
30 Jan 2009
0.01414
0.01414
27 Feb 2009
0.03097
0.03097
31 Mar 2009
0.03765
0.03765
30 Apr 2009
0.03982
0.03982
29 May 2009
0.03831
0.03831
30 Jun 2009
0.03915
0.03915
31 Jul 2009
0.03962
0.03962
31 Aug 2009
0.04364
0.04364
30 Sep 2009
0.03389
0.03389
30 Oct 2009
0.03355
0.03355
30 Nov 2009
0.09477
0.03289
0.00000
0.06188
31 Dec 2009
0.04615
0.04615
29 Jan 2010
0.03143
0.03143
26 Feb 2010
0.03160
0.03160
31 Mar 2010
0.03218
0.03218
30 Apr 2010
0.02833
0.02833
28 May 2010
0.03017
0.03017
30 Jun 2010
0.02836
0.02836
30 Jul 2010
0.02567
0.02567
31 Aug 2010
0.02588
0.02588
30 Sep 2010
0.02973
0.02973
29 Oct 2010
0.03051
0.03051
30 Nov 2010
0.03138
0.03138
31 Dec 2010
0.04589
0.04589
31 Jan 2011
0.02849
0.02849
28 Feb 2011
0.03079
0.03079
31 Mar 2011
0.02978
0.02978
29 Apr 2011
0.03079
0.03079
31 May 2011
0.03361
0.03361
30 Jun 2011
0.03031
0.03031
29 Jul 2011
0.02813
0.02813
31 Aug 2011
0.02465
0.02465
30 Sep 2011
0.02309
0.02309
31 Oct 2011
0.02373
0.02373
30 Nov 2011
0.03241
0.03241
30 Dec 2011
0.03437
0.03437
31 Jan 2012
0.02450
0.02450
29 Feb 2012
0.02269
0.02269
30 Mar 2012
0.02439
0.02439
30 Apr 2012
0.02667
0.02667
31 May 2012
0.02730
0.02730
29 Jun 2012
0.02370
0.02370
31 Jul 2012
0.02243
0.02243
31 Aug 2012
0.02738
0.02738
28 Sep 2012
0.02768
0.02768
31 Oct 2012
0.03258
0.03258
30 Nov 2012
0.03142
0.03142
31 Dec 2012
0.02839
0.02839
31 Jan 2013
0.02638
0.02638
28 Feb 2013
0.02342
0.02342
28 Mar 2013
0.02575
0.02575
30 Apr 2013
0.02452
0.02452
31 May 2013
0.02370
0.02370
28 Jun 2013
0.02119
0.02119
31 Jul 2013
0.02015
0.02015
30 Aug 2013
0.01269
0.01269
30 Sep 2013
0.00564
0.00564
31 Oct 2013
0.01139
0.01139
29 Nov 2013
0.01152
0.01152
31 Dec 2013
0.01281
0.01281
31 Jan 2014
0.01558
0.01558
28 Feb 2014
0.02376
0.02376
31 Mar 2014
0.02938
0.02938
30 Apr 2014
0.02087
0.02087
30 May 2014
0.02197
0.02197
30 Jun 2014
0.02075
0.02075
31 Jul 2014
0.02109
0.02109
29 Aug 2014
0.01898
0.01898
30 Sep 2014
0.02002
0.02002
31 Oct 2014
0.02195
0.02195
28 Nov 2014
0.02314
0.02314
31 Dec 2014
0.01456
0.01456
30 Jan 2015
0.00824
0.00824
27 Feb 2015
0.00814
0.00814
31 Mar 2015
0.01006
0.01006
30 Apr 2015
0.01714
0.01714
29 May 2015
0.02066
0.02066
30 Jun 2015
0.01716
0.01716
31 Jul 2015
0.01682
0.01682
31 Aug 2015
0.01612
0.01612
30 Sep 2015
0.01371
0.01371
30 Oct 2015
0.00850
0.00850
30 Nov 2015
0.00627
0.00627
31 Dec 2015
0.01744
0.01744
29 Jan 2016
0.01271
0.01271
29 Feb 2016
0.00890
0.00890
31 Mar 2016
0.01561
0.01561
29 Apr 2016
0.01491
0.01491
31 May 2016
0.01786
0.01786
30 Jun 2016
0.01878
0.01878
29 Jul 2016
0.01729
0.01729
31 Aug 2016
0.01621
0.01621
30 Sep 2016
0.00524
0.00524
31 Oct 2016
0.00921
0.00921
30 Nov 2016
0.01212
0.01212
30 Dec 2016
0.01538
0.01538
31 Jan 2017
0.00874
0.00874
28 Feb 2017
0.01139
0.01139
31 Mar 2017
0.01651
0.01651
28 Apr 2017
0.01413
0.01413
31 May 2017
0.01131
0.01131
30 Jun 2017
0.01353
0.01353
31 Jul 2017
0.01158
0.01158
31 Aug 2017
0.01071
0.01071
29 Sep 2017
0.00855
0.00855
31 Oct 2017
0.01443
0.01443
30 Nov 2017
0.01778
0.01778
29 Dec 2017
0.00975
0.00975
31 Jan 2018
0.01095
0.01095
28 Feb 2018
0.01116
0.01116
29 Mar 2018
0.01833
0.01833
30 Apr 2018
0.01806
0.01806
31 May 2018
0.01517
0.01517
29 Jun 2018
0.01827
0.01827
31 Jul 2018
0.01853
0.01853
31 Aug 2018
0.01500
0.01500
28 Sep 2018
0.01226
0.01226
31 Oct 2018
0.01330
0.01330
30 Nov 2018
0.01501
0.01501
31 Dec 2018
0.01598
0.01598
31 Jan 2019
0.00914
0.00914
28 Feb 2019
0.01000
0.01000
29 Mar 2019
0.01652
0.01652
30 Apr 2019
0.01828
0.01828
31 May 2019
0.01846
0.01846
28 Jun 2019
0.01846
0.01846
31 Jul 2019
0.01668
0.01668
31 Aug 2019
0.01530
0.01530
30 Sep 2019
0.01676
0.01676
31 Oct 2019
0.01737
0.01737
30 Nov 2019
0.01624
0.01624
31 Dec 2019
0.01614
0.01614
31 Jan 2020
0.01440
0.01440
29 Feb 2020
0.01473
0.01473
31 Mar 2020
0.01589
0.01589
30 Apr 2020
0.01556
0.01556
31 May 2020
0.01116
0.01116
30 Jun 2020
0.00905
0.00905
31 Jul 2020
0.01077
0.01077
31 Aug 2020
0.01246
0.01246
30 Sep 2020
0.01204
0.01204
30 Oct 2020
0.00976
0.00976
30 Nov 2020
0.00893
0.00893
31 Dec 2020
0.00768
0.00768
29 Jan 2021
0.00664
0.00664
26 Feb 2021
0.00862
0.00862
31 Mar 2021
0.00829
0.00829
30 Apr 2021
0.00949
0.00949
28 May 2021
0.01029
0.01029
30 Jun 2021
0.01072
0.01072
30 Jul 2021
0.00984
0.00984
31 Aug 2021
0.00974
0.00974
30 Sep 2021
0.00844
0.00844
29 Oct 2021
0.00668
0.00668
30 Nov 2021
0.00770
0.00770
31 Dec 2021
0.01052
0.01052
31 Jan 2022
0.00878
0.00878
28 Feb 2022
0.00892
0.00892
31 Mar 2022
0.01227
0.01227
29 Apr 2022
0.01362
0.01362
31 May 2022
0.01811
0.01811
30 Jun 2022
0.01250
0.01250
29 Jul 2022
0.01748
0.01748
31 Aug 2022
0.02304
0.02304
30 Sep 2022
0.00931
0.00931
31 Oct 2022
0.00984
0.00984
30 Nov 2022
0.01514
0.01514
30 Dec 2022
0.01820
0.01820
Fund Facts

Fund Facts

(As of 31 Dec 2022)
Net Fund Assets
$207.6 M
Benchmark
BBG US Govt Int TR Value
Morningstar Category
Short Government
Fund Symbol
LTUCX
Share Class
C
Share Class Inception Date
1 Sep 1994
Number of Holdings
185
Portfolio Turnover
29%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized)
2.45%
30-Day SEC Yield (Unsubsidized)
2.45%
Annualized Distribution Yield
1.81%
Characteristics

Characteristics

Portfolio

(As of 31 Dec 2022)
Portfolio
Benchmark
Effective Duration
3.9 Yrs
3.7 Yrs
Average Effective Maturity
5.0 Yrs
4.0 Yrs
Portfolio
Benchmark
Weighted Average Coupon
2.3%
1.8%
Yield to Worst
4.6%
4.2%
Risk & Return Profile

Risk & Return Profile

(As of 31 Dec 2022)
3y
5y
10y
Beta
0.88
0.83
0.77
R-Squared (%)
84.01
83.42
82.62
Standard Deviation (%)
3.24
2.72
2.23
Sharpe Ratio
-0.84
-0.54
-0.22
Information Ratio
-0.40
-0.52
-0.36
Up Capture (%)
82.54
77.79
73.62
Down Capture (%)
86.22
80.46
74.39
Portfolio

Portfolio

Top Holdings

(As of 30 Nov 2022)
Name
Ticker/Symbol
Sector
Weight %
United States Treasury Inflation Indexed Bonds
912828Z37
Government
4.0
United States Treasury Note/Bond
91282CBA8
Government
2.5
United States Treasury Inflation Indexed Bonds
9128287D6
Government
2.4
United States Treasury Note/Bond
Government
2.3
Freddie Mac Multifamily Structured Pass Through Certificates
3137B5KW2
Mortgage Securities
2.3
Fannie Mae Pool
Mortgage Securities
2.1
Fannie Mae Pool
Mortgage Securities
2.1
United States Treasury Note/Bond
912828YM6
Government
2.0
United States Treasury Inflation Indexed Bonds
Government
1.8
FARM 21-1 Mortgage Trust
30768WAA6
Mortgage Securities
1.7
Exposure Breakdown

Exposure Breakdown

(As of 31 Dec 2022)
Sector Allocation
Fund (%)
Benchmark (%)

Fund

Benchmark

0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Mortgage Passthrough
39.2
Collateralized Mortgage Obligation
20.0
Treasury-Domestic
18.9
96.7
Commercial Mortgage Backed Security
10.1
Agency Debenture
5.4
3.3
Asset Backed Securities
3.4
Cash & Cash Equivalents
2.5
Corporate
0.6
Sector Allocation
Fund (%)
Mortgage Passthrough
39.2
Collateralized Mortgage Obligation
20.0
Treasury-Domestic
18.9
Commercial Mortgage Backed Security
10.1
Agency Debenture
5.4
Asset Backed Securities
3.4
Cash & Cash Equivalents
2.5
Corporate
0.6
Credit Quality
Fund (%)
Benchmark (%)

Fund

Benchmark

0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
U.S. Government
97.5
100.0
Cash & Cash Equivalents
2.5
Credit Quality
Fund (%)
U.S. Government
97.5
Cash & Cash Equivalents
2.5
Maturity
Fund (%)
Benchmark (%)

Fund

Benchmark

0%
5%
10%
15%
20%
25%
30%
Year 1
8.2
1.9
Year 2
10.7
24.0
Year 3
8.3
18.0
Year 4
18.0
13.3
Year 5
12.1
13.0
Year 6
1.8
10.5
Year 7
6.2
7.4
Year 8
9.5
3.7
Year 9
5.2
4.5
Year 10+
17.4
Cash
2.5
Maturity
Fund (%)
Year 1
8.2
Year 2
10.7
Year 3
8.3
Year 4
18.0
Year 5
12.1
Year 6
1.8
Year 7
6.2
Year 8
9.5
Year 9
5.2
Year 10+
17.4
Cash
2.5
Portfolio Managers

Portfolio Managers

Lon Erickson, CFA
Lon Erickson, CFA
Portfolio Manager and Managing Director
Lon Erickson is portfolio manager for Thornburg Investment Management. He joined Thornburg in 2008 and was made portfolio manager in 2010. Lon earned a BA in business administration with a minor in economics from Illinois Wesleyan University and an MBA from the University of Chicago Booth School of Business. He is a CFA charterholder. Prior to joining Thornburg Investment Management,…
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Jeff Klingelhofer, CFA
Jeff Klingelhofer, CFA
Co-Head of Investments and Managing Director
Jeff Klingelhofer is co-head of investments for Thornburg Investment Management. He is responsible for driving the investment process at the firm level. Jeff is also a portfolio manager on multiple strategies. He joined the firm in 2010, then was promoted to associate portfolio manager in 2012. In 2015, Jeff was made portfolio manager and managing director. Jeff earned a BA…
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Jason Brady, CFA
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,…
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