At Thornburg Investment Management (TIM) we pride ourselves on our commitment to disciplined investing and managing risk in all market environments through focused equity portfolios and bond portfolios of short and intermediate maturities. Since Garrett Thornburg started TIM in 1982, the firm has grown to manage approximately $83 billion in assets (as of 6/30/11). In addition to providing investors with strategies for building real wealth after accounting for inflation, taxes and investment expenses, we take pride in contributing to a wide variety of philanthropic causes in our local community. Our philanthropic program assists numerous charitable organizations that meet specific Thornburg objectives whether cultural, educational, social services or business associated. Mr. Thornburg leads Thornburg philanthropy to the community as evidenced by the 2010 Philanthropist of the Year Award.
Educational Program Fund
Recognizing the real need to improve education in New Mexico, we give a significant portion of philanthropic dollars to improve K-12 public and private education in Santa Fe and Albuquerque as well as to out of state schools where children of Thornburg employees attend. Through the Educational Program Fund, our donations are used for the Thornburg child’s classroom to fund much-needed music and arts programs, purchase items for classroom projects and books for their school libraries.
Dollars for Doers Program
Thornburg’s philanthropy reaches beyond writing checks. Every year, many of our employees give freely of their time and talent to work with local, nonprofit organizations and communities. To foster a community-minded “share our success” attitude among our staff, employees are encouraged to join and contribute to local arts, social service and other nonprofit organizations. Thornburg contributes monetarily to non religious, 501(c)(3) organizations where a Thornburg employee is a board member of that organization or contributes forty hours per year of uncompensated labor on behalf of that organization.
Investments in the Funds carry risks, including possible loss of principal. Investing outside the United States, especially in emerging markets, entails special risks, such as currency fluctuations, illiquidity, and volatility. Investments in small capitalization companies may increase the risk of greater price fluctuations. Funds investing in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds. The principal value of bonds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. This effect is more pronounced for longer-term bonds. Unlike bonds, bond funds have ongoing fees and expenses. Funds invested in mortgage backed securities may bear additional risk. Investments in lower rated and unrated bonds may be more sensitive to default, downgrades, and market volatility; these investments may also be less liquid than higher rated bonds. Investments in derivatives 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.
Before investing, carefully consider the Fund’s investment goals, risks, charges, and expenses. For a prospectus containing this and other information, contact your financial advisor or visit our literature library. Read it carefully before investing.
