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Welcome to Thornburg

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Please review our Terms & Conditions

For Institutional / Wholesale / Professional Clients

The content on this website is intended for institutional and professional investors in the United States only and is not suitable for individual investors or non-U.S. entities. Institutional and professional investors include pension funds, investment companies registered under the Investment Company Act of 1940, financial intermediaries, consultants, endowments and foundations, and investment advisors registered under the Investment Advisors Act of 1940.


Please read the information below. By accessing this web site of Thornburg Investment Management, Inc. ("Thornburg" or "we"), you acknowledge that you understand and accept the following terms and conditions of use.


Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be licensed or available in all jurisdictions and there may be restrictions or limitations to whom this information may be made available. Unless otherwise indicated, no regulator or government authority has reviewed the information or the merits of the products and services referenced herein. Past performance is not a reliable indicator of future performance. Investments carry risks, including possible loss of principal.

Reference to a fund or security anywhere on this website is not a recommendation to buy, sell or hold that or any other security. The information is not a complete analysis of every material fact concerning any market, industry, or investment, nor is it intended to predict the performance of any investment or market.

All opinions and estimates included on this website constitute judgements of Thornburg as at the date of this website and are subject to change without notice.

All information and contents of this website are furnished "as is." Data has been obtained from sources considered reliable, but Thornburg makes no representation as to the completeness or accuracy of such information and has no obligation to provide updates or changes. Thornburg disclaims, to the fullest extent of the law, any implied or express warranty of any kind, including without limitation the implied warranties of merchantability, fitness for a particular purpose and non-infringement.

If you live in a state that does not allow disclaimers of implied warranties, our disclaimer may not apply to you.

Although Thornburg intends the information contained in this website to be accurate and reliable, errors sometimes occur. Thornburg does not warrant that the information to be free of errors, that the functions contained in the site will be uninterrupted, that defects will be corrected or that the site and servers are free from viruses or other harmful components. You agree that you are responsible for the means you use to access this website and understand that your hardware, software, the Internet, your Internet service provider, and other third parties involved in connecting you to our website may not perform as intended or desired. We also disclaim responsibility for damages third parties may cause to you through the use of this website, whether intentional or unintentional. For example, you understand that hackers could breach our security procedures, and that we will not be responsible for any related damages.

Thornburg Investment Management, Inc. is regulated by the U.S. Securities and Exchange under U.S. laws which may differ materially from laws in other jurisdictions.

Online Privacy and Cookie Policy

Please review our Online Privacy and Cookie Policy, which is hereby incorporated by reference as part of these terms and conditions.

Third Party Content

Certain website's content has been obtained from sources that Thornburg believes to be reliable as of the date presented but Thornburg cannot guarantee the accuracy, timeliness, completeness, or suitability for use of such content. The content does not take into account individual investor's circumstances, objectives or needs. The content is not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services, nor does it constitute investment advice and should not be used as the basis for any investment decision.


No determination has been made regarding the suitability of any securities, financial instruments or strategies for any investor. The website's content is provided on the basis and subject to the explanations, caveats and warnings set out in this notice and elsewhere herein. The website's content does not purport to provide any legal, tax or accounting advice. Any discussion of risk management is intended to describe Thornburg's efforts to monitor and manage risk but does not imply low risk.

Limited License and Restrictions on Use

Except as otherwise stated in these terms of use or as expressly authorized by Thornburg in writing, you may not:

  • Modify, copy, distribute, transmit, post, display, perform, reproduce, publish, broadcast, license, create derivative works from, transfer, sell, or exploit any reports, data, information, content, software, RSS and podcast feeds, products, services, or other materials (collectively, "Materials") on, generated by or obtained from this website, whether through links or otherwise;
  • Redeliver any page, text, image or Materials on this website using "framing" or other technology;
  • Engage in any conduct that could damage, disable, or overburden (i) this website, (ii) any Materials or services provided through this website, or (iii) any systems, networks, servers, or accounts related to this website, including without limitation, using devices or software that provide repeated automated access to this website, other than those made generally available by Thornburg;
  • Probe, scan, or test the vulnerability of any Materials, services, systems, networks, servers, or accounts related to this website or attempt to gain unauthorized access to Materials, services, systems, networks, servers, or accounts connected or associated with this website through hacking, password or data mining, or any other means of circumventing any access-limiting, user authentication or security device of any Materials, services, systems, networks, servers, or accounts related to this website; or
  • Modify, copy, obscure, remove or display the Thornburg name, logo, trademarks, notices or images without Thornburg's express written permission. To obtain such permission, you may e-mail us at info@thornburg.com.

Severability, Governing Law

Failure by Thornburg to enforce any provision(s) of these terms and conditions shall not be construed as a waiver of any provision or right. This website is controlled and operated by Thornburg from its offices in Santa Fe, New Mexico. The laws of the State of New Mexico govern these terms and conditions. If you take legal action relating to these terms and conditions, you agree to file such action only in state or federal court in New Mexico and you consent and submit to the personal jurisdiction of those courts for the purposes of litigating any such action.


You acknowledge and agree that Thornburg may restrict, suspend or terminate these terms and conditions or your access to, and use, of the all or any part this website, including any links to third-party sites, at any time, with or without cause, including but not limited to any breach of these terms and conditions, in Thornburg's absolute discretion and without prior notice or liability.

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Fund Operations


Cookie Policy

This Cookie Policy explains how Thornburg Investment Management, Inc. (“Thornburg”, “we”, “us”, “our”), uses cookies on qa.thornburg.com (our “Website”). It describes what cookies are, what cookies are used on our Website and the purposes for which we use cookies.

Cookies are text files, containing small amounts of information, which are downloaded to your browsing device, such as a computer, phone or tablet, when you visit a website. Cookies can be recognized by the website that downloaded them – or other websites that use the same cookies. This helps websites know whether the browsing device has visited the website before and can remember your preferences and settings for online services.

A cookie can be either a “first” or “third” party cookie, depending on whether the cookie, is placed directly by the website that the user is visiting (“first party cookie”) or whether the cookies are set by a third-party entity through the website that the user is visiting (“third party cookie”). The length of time that a cookie stays on your device will depend on whether the cookie is either a “persistent” or “session” cookie. Persistent cookies remain on a user’s device until the cookie expires or is deleted and they are activated each time that the user visits the website that placed the persistent cookie. Session cookies are temporary once a user opens a browser window and are deleted from your device once the browser is closed.

This Cookie Policy describes how Thornburg may use cookies in association with our Website. You can also find detailed information about the cookies we use in our Cookie Preference Center.

How We Use Cookies

We use different types of cookies on our Website for different purposes. Some cookies allow us to enable specific functions or improve your navigation experience, while others allow us to analyze the way you interact with our Website in order to improve them.

We use some cookies that are necessary for the Website to function and cannot be switched off in our systems (“Strictly Necessary Cookies”). We may also use Performance, Profiling and Functionality Cookies for other purposes, such as collecting information about how visitors are using the Website, for troubleshooting and identifying errors, collecting analytics to evaluate user experience on the Website and providing you with content or advertisements. You have the option to accept or reject our use for cookies for such purposes.

Strictly Necessary Cookies

These are cookies that are required for the operation of our Website. They include, for example, cookies that enable you to log into restricted areas of our Website or use the literature cart. Whilst these cookies cannot be turned off (as they are needed to run our Website securely), they do not store any personal data about you. If you are reluctant to accept use of them, we advise you to navigate away from our Website.

Statistics Cookies

These cookies gather information about how you use our Website, for example which pages you visit most often. The information collected is completely anonymous and used only for the purpose of improving user experience for our Website visitors.

Marketing Cookies

These cookies gather information about your browsing habits and allow us to better understand your interests. They remember that you’ve visited our Website and share this information with our partners, such as advertisers.

Preferences Cookies

These cookies allow our Website to remember the choices you make (such as language or location selection) and tailor the experience to provide enhanced features and relevant content for you.

How You Can Manage Your Cookie Preferences

When you visit our Website you are presented with a banner that offers you a choice about whether to accept all cookies or learn more to manage your cookie preferences through the Cookie Settings link. Through the Cookie Settings link you may select your preferences to accept or reject different categories of cookies, with the exception of those cookies which are strictly necessary to the functioning of the Website.

If at any time you would like to change your Cookie Settings, please visit the Cookie Preference Center.

You may also use your browser settings to manage cookies. Some devices also allow you to control the use of cookies through your device settings. Each browser and device is different, so check the settings menu of your browser or device to determine how to change your cookie settings.

Please be aware that if you choose not to receive cookies, the Website may not function properly and certain services on the Website may not be available to you. Please also note that your choice of preferences will be browser and device specific so if you visit our Website from multiple browsers and devices, you will need to implement your preferences and settings on each of them.

How to Contact Us and Additional Information

If you have any questions about this Cookie Policy or about how to manage your cookie preferences, please contact us by email at privacy@thornburg.com. To learn more about our privacy practices, please see our Online Privacy Policy and our Data Protection Privacy Notice.