Thornburg Investment Management is an employee-owned investment management company based in Santa Fe, New Mexico with assets under management of $52 billion (as of 6/30/08). Founded in 1982, the firm manages six equity funds, eight bond funds, and separate portfolios for select institutions and individuals.
At Thornburg, we strive to deliver consistent investment results for our shareholders. Our past success in this endeavor is grounded in our culture of placing investors first. While markets come in and out of favor, we believe that this commitment will enable us to service our most valued constituency – our investors – for the next 25 years and beyond.
The Thornburg Investment Philosophy
Thornburg Investment has a clear mission: to preserve and increase the real wealth of our investors. We seek to accomplish this through a range of equity strategies that redefine traditional measures of value and growth and through a family of laddered bond strategies that focus on quality, stability and minimizing risk over time.
Thornburg employs a comprehensive approach to equity investing, which is more inclusive than the traditional deep value or high growth approach to stock selection.
On the bond side, we have always had a highly disciplined approach of laddering short- and intermediate-bond maturities, seeking to provide both an attractive return and relative stability of principal.
For a complete list of Thornburg Funds and the specific investment objectives, visit the Funds section of this web site.
For more information on the Thornburg Funds
read our current prospectus which contains more complete
information on the funds, including investment objectives, risks, charges, and expenses, which you should consider carefully. Please read it carefully before you invest or send money.
Investments in the funds carry risks including possible loss of principal. Additional risks may be associated with the equity funds’ investments outside the United States, especially emerging markets, including currency fluctuations, illiquidity and volatility. Additionally, the equity funds may invest a portion of the assets in small capitalization companies, which may increase the risk of greater price fluctuations.
As with direct bond ownership, funds that invest in bonds are subject to certain risks including interest rate risk, credit risk, and inflation risk. The principal value of bond funds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. Unlike bonds, bond funds have ongoing fees and expenses. The U.S. Government Fund invests a portion of assets in Mortgage Backed Securities, which are subject to pre-payment risk. This may reduce the potential for capital appreciation and may cause greater volatility in the fund. The Strategic Income Fund may invest in structured finance arrangements and other types of derivatives, which are subject to the risks associated with the securities or other assets underlying the pool of securities including illiquidity and difficulty in valuation.
Investments in the funds are not FDIC insured, nor are they deposits of or guaranteed by a bank or any other entity.
