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

Portfolio managers are supported by the entire Thornburg investment team.

FUND FACTS as of 12/18/2018

(from 12/17/2018)
CLASS ATVAFX$62.02-$0.10167885-215-73110/2/1995
CLASS CTVCFX$56.39-$0.10647885-215-71510/2/1995
CLASS ITVIFX$63.98-$0.11207885-215-63211/2/1998
CLASS R3TVRFX$61.63-$0.11467885-215-5337/1/2003
CLASS R4TVIRX$62.34-$0.11807885-215-2772/1/2007
CLASS R5TVRRX$63.89-$0.11597885-215-3762/1/2005
  • Net Assets as of 11/30/2018: $937.74 M
  • Capital Gains Paid Annually: No 2018 Capital Gains Paid
  • Benchmark: S&P 500 Index
Important Information
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 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 Corporation.

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 Corporation (TSC) does not act as broker of record for investors.