Fund Facts - Thornburg Investment Management

OBJECTIVE

The Fund’s primary objective is to provide as high of a level of current income as possible while at the same time seeking to preserve capital.

INVESTMENT POLICY

The Fund seeks to achieve its objective through investing at least 65% of its NAV in (i) obligations of the U.S. government, its agencies and instrumentalities and (ii) A or above debt securities. The Fund may also invest up to 35% of its NAV in BBB or Baa debt securities if such instruments are consistent with the Fund’s objective. The Fund typically expects to maintain an average maturity of less than five years.

PORTFOLIO MANAGEMENT

Jason Brady, CFA
President and CEO

Lon Erickson, CFA
Portfolio Manager and Managing Director

Jeff Klingelhofer, CFA
Co-Head of Investments and Managing Director

Portfolio managers are supported by the entire Thornburg investment team.

Fund Facts as of 27/05/2020

CLASS	BLOOMBERG SYMBOL	NAV	CHANGE (from 26/05/2020)	ISIN CODE	CUSIP	INCEPTION DATE
A ACC (Unhedged)	THLTAUA ID	$10.84	$0.01	IE00BF1ZBY94	G8850P 200	03/05/2017
A DIST (Unhedged)	THLAUDU ID	$10.40	$0.01	IE00BF1ZBZ02	G8850P 218	03/05/2017
C ACC (Unhedged)	THLTCUA ID	$10.64	$0.01	IE00BF1ZC029	G8850P 259	03/05/2017
C DIST (Unhedged)	THLTCUD ID	$10.40	$0.01	IE00BF1ZC136	G8850P 234	03/05/2017
I ACC (Unhedged)	THLTIUA ID	$11.06	$0.01	IE00BF1ZC243	G8850P 242	03/05/2017
I DIST (Unhedged)	THLTIUD ID	$10.41	$0.01	IE00BF1ZC359	G8850P 226	03/05/2017

Benchmark: Bloomberg Barclays Intermediate U.S. Government/Credit Index
Domicile: Ireland
Legal Structure: UCITS V
NSCC Number: 3352

Minimum Initial Subscription

CLASS	CURRENCY DENOMINATION	MINIMUM SUBSCRIPTION
CLASS A	U.S. Dollar	US $1,000
CLASS AD	U.S. Dollar	US $1,000
CLASS C	U.S. Dollar	US $1,000
CLASS CD	U.S. Dollar	US $1,000
CLASS I	U.S. Dollar	US $1,500,000
CLASS ID	U.S. Dollar	US $1,500,000

Related Resources

What Will the U.S. Economic Recovery Look Like?

May 4, 2020

Cornerstone Macro’s Nancy Lazar is optimistic about a recovery but points out risks.

Fed Update with Jeff Klingelhofer

Please see our glossaryglossary (www.thornburg.com/glossary) for a definition of terms.

Important Information

The views expressed are subject to change and do not necessarily reflect the views of Thornburg Investment Management, Inc. This information should not be relied upon as a recommendation or investment advice and is not intended to predict the performance of any investment or market.

This is not a solicitation or offer for any product or service. Nor is it a complete analysis of every material fact concerning any market, industry, or investment. Data has been obtained from sources considered reliable, but Thornburg makes no representations as to the completeness or accuracy of such information and has no obligation to provide updates or changes. Thornburg does not accept any responsibility and cannot be held liable for any person’s use of or reliance on the information and opinions contained herein.

Investments carry risks, including possible loss of principal.

Outside the United States

This is directed to INVESTMENT PROFESSIONALS AND INSTITUTIONAL INVESTORS ONLY and is not intended for use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to the laws or regulations applicable to their place of citizenship, domicile or residence.

Thornburg is regulated by the U.S. Securities and Exchange Commission under U.S. laws which may differ materially from laws in other jurisdictions. Any entity or person forwarding this to other parties takes full responsibility for ensuring compliance with applicable securities laws in connection with its distribution.

For United Kingdom: This communication is issued by Thornburg Investment Management Ltd. (“TIM Ltd.”) and approved by Robert Quinn Advisory LLP which is authorised and regulated by the UK Financial Conduct Authority (“FCA”). TIM Ltd. is an appointed representative of Robert Quinn Advisory LLP.

This communication is exclusively intended for persons who are Professional Clients or Eligible Counterparties for the purposes of the FCA Rules and other persons should not act or rely on it. This communication is not intended for use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.

April 29, 2020

Jeff Klingelhofer, CFA

Earlier today the Fed held a press conference and spoke about the current economic condition and offered their forecast. Co-head of Investments and Portfolio Manager Jeff Klingelhofer gives his take on what the Fed's guidance and Q1 GDP number mean for investors.

Jason Brady: Identifying Reliable Income Streams

April 8, 2020

Jason Brady, CFA

In this podcast with Australian publication Investment Magazine, Jason Brady speaks about the scope of the challenge for investors and the potential opportunities that exist to navigate market turmoil.

Commentary: Limited Term Income Fund (UCITS)

1st Quarter 2020

Current markets are volatile and fast. The outlook is uncertain and unpleasant. As portfolio managers we seek balance.

Merrill Lynch Call Invite

March 19, 2020

Danan Kirby, CFA

Client Portfolio Manager Danan Kirby invites you to a call on Thornburg's Limited Term Income Fund to learn about our process and how we're protecting investors on the downside, while also seeking opportunity in this volatile market.

Thornburg Limited Term Income Fund