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About Us » |
About Thornburg Thornburg Investment Management is an employee-owned investment management company based in Santa Fe, New Mexico with assets under management of $52 billion (as of 3/31/08). Founded in 1982, the firm manages six equity funds, eight bond funds, and separate portfolios for select institutions and individuals. The Thornburg Investment Philosophy We focus on preserving and increasing the real wealth of our shareholders after accounting for inflation, taxes, and investment expenses. We're committed to disciplined investing and controlling risk in all market environments through laddered bond and focused equity portfolios. Thornburg Equity Funds Thornburg's equity research uses a fundamental, yet comprehensive, analytical approach. We invest when and where we perceive the most compelling value. Thornburg equity funds focus on a limited number of securities so that each holding can have a material impact on performance. The equity team searches for firms believed to have a promising future and seeks to buy shares of those companies at a discount to their intrinsic value. Thornburg Bond Funds Thornburg invests in short and intermediate-term investment grade bonds. We ladder the maturities of individual bonds in the portfolios to moderate risk. Laddering involves building a portfolio of bonds with staggered maturities so that a portion of the portfolio will mature each year. We apply this disciplined process in all interest rate environments. For a complete list of Thornburg Funds and the specific investment objectives, visit the Thornburg Web Site. For more information on the Thornburg Funds, including charges and expenses, read our current prospectus. |
Important Information Shares in the Funds carry risks including possible loss of principal. Funds invested in a limited number of holdings may expose an investor to greater volatility. There are special risks associated with international investing, including currency fluctuations, government regulation, political developments, and differences in liquidity. Additionally, the Equity Funds invest a portion of the assets in small capitalization companies which may increase the risk of greater price fluctuations. With regard to the International Value Fund, risks may be associated with the Fund’s investments in emerging markets including illiquidity and volatility. As with direct bond ownership, Funds that invest in bonds are subject to certain risks including interest-rate risk, credit risk, and inflation risk. The principal value of bond funds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. Investments with shorter average maturities are less exposed to interest rate risk than investments with longer average maturities. The U.S. Government Fund invests a portion of the assets in Mortgage Backed Securities which are subject to pre-payment risk. This may reduce the potential for capital appreciation and may cause greater volatility in the Fund. Unlike bonds, bond funds have ongoing fees and expenses. Shares in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank, the Federal Deposit Insurance Corporation, the Federal Reserve Board or any government agency. There is no guarantee that the Fund will meet its investment objectives. Carefully consider the Fund’s investment objectives, risks, sales charges, and expenses; these are found in the prospectus, which is available from your financial advisor or from our download library. Read it carefully before you invest or send money. |
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