Investment Objective
The Strategy seeks long-term capital appreciation by investing in equity and debt securities of all types from issuers around the world. There is no guarantee that the Strategy will meet its objectives.
Principal Investment Strategies
The Strategy considers investment in a variety of equity and debt securities from around the world. A flexible mandate allows the Strategy to pursue long-term performance using a broad approach to geography, investing style and market capitalization. The Strategy may invest in companies of any size.
Supplemental Information as of 12/31/2011
| Returns (annualized for periods over one year) | ||||||
|---|---|---|---|---|---|---|
| QTR | YTD | 1-Year | 3-Year | 5-Year | Inception† | |
| Global Opportunities Composite (Net) | 6.90% | -6.96% | -6.96% | 15.85% | 1.30% | 5.58% |
| Global Opportunities Composite (Gross) | 7.13% | -6.13% | -6.13% | 17.15% | 2.58% | 6.94% |
| MSCI ACWI Index | 7.18% | -7.35% | -7.35% | 12.01% | -1.93% | 0.49% |
Domestic Equity
Foreign Equity
Cash | Ten Largest Countries |
|---|
|
† Inception 8/1/2006
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 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 Morgan Stanley Capital International All Country World Index (MSCI AC World Index) is a market capitalization weighted index that is representative of the market structure of 45 developed and emerging market countries in North and South America, Europe, Africa, and the Pacific Rim. The index is calculated with net dividends reinvested in U.S. dollars.
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 July 1, 1998 through December 31, 2010. The Global Opportunities Composite has been examined for the period from August 1, 2006 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 Global Opportunities Composite GIPS compliant presentation
To receive a complete list and description of Thornburg Investment Management's composites please contact MCG at mcg@thornburg.com.
| Portfolio Managers |
|---|
Strategies invested in a limited number of holdings may expose an investor to greater volatility.
