Investment Objective
The Strategy seeks long-term growth of capital. There is no guarantee that the Strategy will meet its objectives.
Principal Investment Strategies
The Strategy typically invests in a selection of growth stocks that management believes will have growing revenues and earnings. The Strategy may comprise companies of any size, from large, well-established firms to small, emerging growth franchises. Thornburg uses traditional fundamental research to evaluate securities and make buy/sell decisions. The Strategy also may invest in debt securities of any type.
Supplemental Information as of 12/31/2011
| Returns (annualized for periods over one year) | |||||||
|---|---|---|---|---|---|---|---|
| QTR | YTD | 1-Year | 3-Year | 5-Year | 10-Year | Inception† | |
| All Cap Growth Composite (Net) | 18.50% | 1.84% | 1.84% | 17.51% | -2.28% | 5.51% | 2.98% |
| All Cap Growth Composite (Gross) | 18.78% | 2.84% | 2.84% | 19.03% | -0.97% | 7.03% | 4.49% |
| Russell 3000 Growth Index | 10.94% | 2.18% | 2.18% | 18.09% | 2.46% | 2.74% | 0.47% |
Special Situations
Growth Industry Leaders
Consistent Growers
Emerging Growth
Cash † Inception 1/1/2001
1 The performance data quoted represents past performance; it does not guarantee future results. The data provided is derived from gross-of-fee performance and does not reflect the deduction of management fees.
Valuations are computed and reported in U.S. dollars.
Source: Advent/APX, APL, Vestmark, and Thornburg.
Portfolio characteristics are derived using currently available data from independent research resources that are believed to be accurate.
Any securities, sectors, industries, countries or regions mentioned illustrate the holdings and activity in the portfolio as of the stated time period. Holdings are subject to change daily. Under no circumstances does the holdings information represent a recommendation to buy or sell any security. It should not be assumed that the investments in the securities were or will be profitable. The holdings identified do not represent all of the securities purchased, sold or recommended for advisory clients. To obtain a list of all securities recommended for the portfolio in the preceding year, please email a request to: mcg@thornburg.com.
The Russell 3000 Growth Index measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. Unless otherwise noted, index returns reflect the reinvestment of income, dividends, and capital gains, if any, but do not reflect fees, brokerage commissions or other expenses of investing. Investors may not make direct investment into any index.
Thornburg Investment Management, Inc. (the “Firm”) is an independent investment adviser registered under the Investment Advisers Act of 1940. The Firm’s clientele consists of mutual funds, commingled funds and taxable and non-taxable separately managed accounts in U.S., non-U.S. and global equity strategies and in U.S. fixed income strategies. The Firm has been verified for the period from July 1, 1998 through December 31, 2010. The All Cap Growth Composite has been examined for the period from January 1, 2001 through December 31, 2010. Copies of the verification and examination reports are available upon request. Additional information regarding the Firm’s policies for calculating and reporting performance results is available upon request.
Thornburg Investment Management claims compliance with the Global Investment Performance Standards (GIPS®)
Click here to view the All Cap Growth Composite GIPS compliant presentation.
To receive a complete list and description of Thornburg Investment Management's composites please contact MCG at mcg@thornburg.com.
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