Bond Funds - Thornburg Investment Management

A TRADITION OF DISCIPLINED BOND MANAGEMENT

Thornburg Investment Management was founded by Garrett Thornburg in 1982 on the belief that fixed income managers could do a better job of preserving wealth after investors account for inflation, taxes, and expenses. For more than 30 years, we have sought — via a responsible, straightforward, organic approach to bond management — to provide investors with attractive returns and relative stability of principal.

A CONSERVATIVE VIEW OF THE ROLE OF BONDS IN A PORTFOLIO

We view the role of bonds in a portfolio more conservatively than many asset managers. We don’t employ complex, exotic, and risky tactics in an effort to “juice” returns, and believe that a fixed-income position should serve as the ballast for a well-diversified portfolio, not as the sails of the ship.

A STRAIGHTFORWARD, ORGANIC INVESTMENT APPROACH

We seek the best relative value across a broad array of asset classes. Our strategies are typically simple and straightforward. We don’t reach for yield; we conduct rigorous credit research and invest only when the risk/reward tradeoff appears tilted decidedly in the shareholder’s favor. Our portfolios are run on a cash-only basis, meaning that we don’t employ leverage or complex trading tactics to try to grab return.

Thornburg’s structure as a global manager means that each of our portfolio managers and analysts works across a broad array of geographies, sectors, asset classes, and security types, and is conducive to a free exchange of ideas in the pursuit of the best relative-value opportunities.