Shareholder Guide
Special Situations for Class A Shares
There are certain situations in which Class A Shares can be purchased free of the front-end sales charge or at a reduced sales charge. These special circumstances include:
- A shareholder who redeemed Class A shares of a Thornburg fund. For two years after such a redemption you will pay no sales charge on amounts you reinvest in Class A shares of Thornburg funds, if you held shares for at least 60 days before the redemption. If you held the original shares for less than 60 days, you will pay a sales charge equal to the amount, if any, by which the fund sales charge exceeds the sales charge you paid when buying the original shares.
- Customers of bank trust departments, companies with trust powers, investment dealers and investment advisors who charge fees for service, including investment dealers who utilize wrap fee or similar arrangements. Accounts established through these persons are subject to conditions, fees and restrictions imposed by these persons.
- A shareholder of a Thornburg bond fund who is automatically reinvesting bond fund dividends into shares of another Thornburg fund.
- An officer, trustee, director or employee of TMC (or any investment company managed by TMC), TSC, any affiliated Thornburg Company, the Fund's Custody Bank or Transfer Agent and members of their families.
- Employees of brokerage firms who are members in good standing with the Financial Industry Regulatory Authority (FINRA); employees of financial planning firms who place orders for a Fund through a member in good standing with FINRA; the families of both types of employees. Orders must be placed through a FINRA member firm which has signed an agreement with TSC to sell Fund shares.
- Investors purchasing $1 million or more. However, a contingent deferred sales charge of either .5% or 1% (depending on the fund) applies to shares redeemed within one year of purchase.
- A shareholder who redeems another mutual fund which charged either a front or back end load within the previous 60 days.
- Certain employee benefit plans.
- Charitable organizations or foundations.
- Those persons who are determined by the Trustees.
- Purchases placed through a broker that maintains one or more omnibus accounts with the funds.
