Thornburg Investment Management Trust has approved the elimination of the 1 percent Redemption Fee for Thornburg Equity Funds established in Class A and I shares, effective February 1, 2012. The change removes the redemption fee penalty for exchanges and redemptions within 30 days of purchase from Value Fund, International Value Fund, Investment Income Builder Fund, Global Opportunities Fund, Core Growth Fund, International Growth Fund, and Developing World Fund Class A and I shares.
Thornburg Investment Management discourages excessive trading and does not accommodate trading it identifies as excessive. The Trustees have adopted policies and procedures intended to deter excessive trading where it may be potentially harmful to the Fund or its shareholders, including monitoring trading activity. With the implementation of SEC Rule 22C-2, Thornburg has implemented new strategies outside of the Redemption Fee assessment for combating excessive trading practices.
Additionally, trade monitoring methods involve the exercise of judgment, and Thornburg seeks to make these judgments uniformly and in a manner it believes is consistent with the Fund’s investment objectives and the interests of the shareholders who purchase those objectives. These policies and procedures may be changed at any time, without notice. Thornburg Funds retain the right to restrict or refuse purchase orders or exchanges if, in Thornburg’s judgment, the trades would result in harmful trading practices.
For more information regarding our excessive trading policy, please refer to the Thornburg Funds Prospectus. For those financial institutions that remit fees manually, any fees taken in January 2012 should still be forwarded to Thornburg Investment Management the beginning of February 2012.
If you have any questions, please contact a representative at 1-800-847-0200, Option 0.
Investments in the Funds carry risks, including possible loss of principal. Special risks may be associated with investments outside the United States, especially in emerging markets, including 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. 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.
