Fund Facts - Thornburg Investment Management

Fund OBJECTIVE

The Fund seeks long-term capital appreciation by investing in equity and debt securities of all types. As a secondary consideration the Fund also seeks some current income.There is no guarantee that the Fund will meet its objectives.

INVESTMENT STRATEGY

The Fund invests in a limited number of common stocks selected on a “Value Basis” using traditional fundamental research evaluation methods. The Fund portfolio is diversified to include traditional basic value stocks, but also includes stocks of companies with consistent earnings and emerging franchises when these issues are value priced.

PORTFOLIO MANAGEMENT

Robert MacDonald, CFA
Portfolio Manager and Managing Director

Portfolio managers are supported by the entire Thornburg investment team.

Fund Facts as of 5/27/2020

CLASS	SYMBOL	NAV	CHANGE (from 5/26/2020)	CUSIP	INCEPTION DATE
A	TVAFX	$68.29	$1.17	885-215-731	10/2/1995
C	TVCFX	$61.82	$1.05	885-215-715	10/2/1995
I	TVIFX	$70.35	$1.20	885-215-632	11/2/1998
R3	TVRFX	$67.97	$1.17	885-215-533	7/1/2003
R4	TVIRX	$68.71	$1.17	885-215-277	2/1/2007
R5	TVRRX	$70.25	$1.20	885-215-376	2/1/2005

Net Assets as of 4/30/2020: $728.0 M
Capital Gains Paid Annually: No 2018 Capital Gains Paid
Benchmark: S&P 500 Index

Thornburg Value Fund