Thornburg Launches Four Investment Funds for Individual Investors in Hong Kong

• The range of investment solutions offers individuals opportunities for income, diversification and capital appreciation

HONG KONG and SANTA, FE, NM — 18 April 2024 — Thornburg Investment Management (“Thornburg”), a global investment firm that oversees US$44 billion in assets¹, today announced four funds have been authorized by the Securities and Futures Commission (SFC) for retail distribution in Hong Kong:

• Thornburg Investment Income Builder Fund (尚渤多資產收益成長精選基金)
• Thornburg Strategic Income Fund (尚渤策略收益基金)
• Thornburg Limited Term Income Fund (尚渤限定期限收益基金)
• Thornburg Global Opportunities Fund (尚渤全球機遇股票基金)

The launch marks Thornburg’s first product introduction to retail investors in Hong Kong. The firm’s continued expansion in Asia follows the September 2023 launch of the Thornburg Limited Term Income (UCITS) Fund in Taiwan.

“Introducing four funds to the retail market in Hong Kong is part of our broader plan for business expansion in Asia and strengthens our global distribution growth strategy,” said Jonathan Schuman, Head of International at Thornburg.

Thornburg was founded in Santa Fe, New Mexico, USA in 1982. The firm established Thornburg Investment Management (Asia) Limited in 2019 as a Hong Kong-based regional office to serve clients across Asia.

“We are excited to introduce a comprehensive portfolio of investment solutions which aim to provide individuals in Hong Kong with a high level of current income and long-term capital appreciation,” added Jeff Klingelhofer, Thornburg’s Co-Head of Investments and a Portfolio Manager on Thornburg Strategic Income Fund and Thornburg Limited Term Income Fund. “The launch underlines Thornburg’s commitment to provide individual investors with the confidence to navigate uncertainty in global markets.”

Thornburg’s Investment Income Builder Fund (UCITS) has a key objective of providing investors with a level of current income which exceeds the average yield on U.S. stocks generally, and which will grow, subject to periodic fluctuations, over the years on a per share basis. The UCITS fund was incepted on 29 June 2012. As of 31 March 2024, the fund’s UCITS, U.S. Mutual Fund, Separate Accounts and other institutional accounts have US$13 billion assets and was awarded five stars by Morningstar in the USD Aggressive Allocation category². The fund is managed by Matt Burdett, Brian McMahon, Ben Kirby and Christian Hoffmann.

Thornburg’s Strategic Income Fund (UCITS) has a goal of providing investors with a high level of current income. The fund also seeks to provide some long-term capital appreciation. The UCITS fund was incepted on 28 December 2018. As of 31 March 2024, the fund’s UCITS, U.S. Mutual Fund, Separate Accounts and other institutional accounts have US$8.4 billion in assets and was awarded five stars by Morningstar in the Global Flexible Bond category³. The fund is managed by Lon Erickson, Christian Hoffmann, Jeff Klingelhofer and Ali Hassan.

Thornburg’s Limited Term Income Fund (UCITS) has an investment objective of providing investors as high a level of current income as is consistent with safety of capital through investments in U.S. dollar-denominated short/intermediate investment grade bonds. The UCITS fund was incepted on 3 May 2017. As of 31 March 2024, the fund’s UCITS, U.S. Mutual Fund, Separate Accounts and other institutional accounts have US$6.8 billion in assets and was awarded four stars by Morningstar in the USD Corporate Bond–Short Term Funds category⁴. The fund is managed by Lon Erickson, Christian Hoffmann and Jeff Klingelhofer.

Thornburg’s Global Opportunities Fund (UCITS) has a goal of providing investors with long-term capital appreciation by investing in equity and debt securities of all types from issuers around the world. The UCITS fund was incepted on 30 March 2012. As of 31 March 2024, the fund’s UCITS, U.S. Mutual Fund, Separate Accounts and other institutional accounts have US$1.6 billion in assets and was awarded four stars by Morningstar in the Global Large-Cap Blend Equity category⁵. The fund is managed by Brian McMahon and Miguel Oleaga.

Details about the funds and their applicable risks can be found on the firm’s website https://thornburg.wmcubehk.com/ ⁶.

About Thornburg

Thornburg Investment Management (Thornburg) is a global investment firm delivering on strategy for institutions, financial professionals and investors worldwide. The privately held firm, founded in 1982, is an active, high-conviction manager of equities, fixed income and multi-asset solutions. With US$44 billion⁷ in client assets as of 31 March 2024, the firm offers mutual funds, closed-end funds, institutional accounts, separate accounts and UCITS funds for non-U.S. investors.

As an independent firm, Thornburg can take on a wide range of opportunities, explore ideas thoroughly and work across strategies to deliver consistent risk-adjusted outperformance over the long term. The firm attracts free-thinking professionals who are eager to pursue investment outcomes beyond the confines of popular wisdom. From nimble operational capabilities to principles and actions fitting of a global citizen, Thornburg’s world-class investment platform and team are aligned on strategy to serve investors.

Thornburg’s U.S. headquarters is in Santa Fe, New Mexico with offices in Hong Kong and Shanghai. For more information, visit www.thornburg.com.

Media Inquiries

Michael Corrao
Director of Global Communications
Thornburg Investment Management
Tel: +1 (505) 467-5345
Mobile: +1 (917) 476-0781
Email: mcorrao@thornburg.com

Patrick Yu
General Manager, SVP and Senior Partner
FleishmanHillard
Tel: +852 25867877
Mobile: +852 91098121
Email: patrick.yu@fleishman.com

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¹ Includes US$43 billion in assets under management and US$1 billion in assets under advisement as of 31 March 2024.

² Morningstar Overall Rating™ among 381 USD Aggressive Allocation Funds, based on risk adjusted returns, uses a weighted average of the fund’s three-, five-, and ten-year ratings respectively, 5 stars, 4 stars, 5 stars, among 381, 286, 136 funds.

³ Morningstar Overall Rating™ among 634 Global Flexible Bond Funds, based on risk-adjusted returns, uses a weighted average of the fund’s three-, five-, and ten-year ratings respectively, 4 stars, 4 stars, 5 stars, among 634, 453, 183 funds. Performance data provided to Morningstar for the period prior to the inception of the UCITS is hypothetical and was calculated from actual returns of the U.S. mutual fund adjusted for the expenses of the UCITS. Although the UCITS is managed by the same investment team and utilizes a similar investment process as the U.S. mutual fund, the performance and portfolio composition of the UCITS may have differed due to UCITS regulations.

⁴ Morningstar Overall Rating™ among 155 USD Corporate Bond—Short Term Funds, based on risk adjusted returns, uses a weighted average of the fund’s three-, five-, and ten-year ratings respectively, 2 stars, 3 stars, 5 stars, among 155, 121, 51 funds. Performance data provided to Morningstar for the period prior to the inception of the UCITS is hypothetical and was calculated from actual returns of the U.S. mutual fund adjusted for the expenses of the UCITS. Although the UCITS is managed by the same investment team and utilizes a similar investment process as the U.S. mutual fund, the performance and portfolio composition of the UCITS may have differed due to UCITS regulations.

⁵ Morningstar Overall Rating™ among 4,462 Global Large-Cap Blend Equity Funds, based on risk adjusted returns, uses a weighted average of the fund’s three-, five-, and ten-year ratings respectively: 4 stars; 4 stars; and 4 stars, among 4,445, 3,318, 1,800 funds.

⁶ This website has not been reviewed by the SFC.

⁷ Includes US$43 billion in assets under management and US$1 billion in assets under advisement as of 31 March 2024.