THORNBURG INVESTMENT TRUST SUPPLEMENT
Dated March 18, 2024
to the
THORNBURG FUNDS STATEMENT OF ADDITIONAL INFORMATION
applicable to Class A, C, C2, D and I shares
dated February 1, 2024
(the “Retail SAI”)
to the
THORNBURG FUNDS RETIREMENT PLAN SHARES STATEMENT OF ADDITIONAL INFORMATION
applicable to Class R3, R4, R5 and R6 shares
dated February 1, 2024
(the “Retirement SAI”)
and to the
THORNBURG INVESTMENT TRUST STATEMENT OF ADDITIONAL INFORMATION
applicable to Class I shares of the Thornburg Emerging Markets Managed Account Fund and the
Thornburg Municipal Managed Account Fund, and
dated February 1, 2024
(the “SMA Funds SAI”)
Distributor Information
The first sentence of the first paragraph under the “Service and Distribution Plans” section on page 47 of the Retail SAI and page 51 of the Retirement SAI, and under the “Distributor” section on page 58 of the SMA Funds SAI is hereby deleted in its entirety and replaced with the following disclosure:
Effective December 28, 2023, the Trust’s principal underwriter, Thornburg Securities Corporation (“TSC”), was reorganized as Thornburg Securities LLC (“TSL”), a limited liability company and wholly-owned subsidiary of Thornburg, and a member firm of FINRA.
1
Changes to Portfolio Managers’ Ownership
The narrative language and table included under “Portfolio Managers’ Ownership of Shares in the Funds” sub-section beginning on page 66 of the Retail SAI is hereby deleted in its entirety and replaced with the following disclosure:
Portfolio Managers’ Ownership of Shares in the Funds
Displayed below for each of the portfolio managers named in the Prospectus is the dollar range of the individual’s beneficial ownership of shares in the Fund or Funds as to which the individual is a manager. Except as otherwise noted below, the information presented is current as of March 18, 2024. In each case, the dollar range listed may include shares owned by the portfolio manager through the manager’s self-directed account in Thornburg’s retirement plan. In addition to the holdings noted below, each of the portfolio managers is a participant in Thornburg’s profit sharing plan, which invests in shares of each of the Funds.
|
Portfolio Manager |
Dollar Range of |
|
Nick Anderson |
|
|
International Growth Fund |
$100,001–$500,000 |
|
|
|
|
David Ashley |
|
|
Short Duration Municipal Fund |
None |
|
Limited Term Municipal Fund |
$100,001–$500,000 |
|
Intermediate Municipal Fund |
$100,001–$500,000 |
|
Strategic Municipal Income Fund |
$100,001–$500,000 |
|
Limited Term California Fund |
None |
|
Intermediate New Mexico Fund |
None |
|
Intermediate New York Fund |
None |
|
|
|
|
John C. Bonnell |
|
|
Short Duration Municipal Fund |
$100,001–$500,000 |
|
Limited Term Municipal Fund |
None |
|
Intermediate Municipal Fund |
$100,001 – $500,000 |
|
Strategic Municipal Income Fund |
$100,001 – $500,000 |
|
Limited Term California Fund |
None |
|
Intermediate New Mexico Fund |
None |
|
Intermediate New York Fund |
None |
|
|
|
|
Matt Burdett |
|
|
Investment Income Builder Fund |
Over $1,000,000 |
|
International Equity Fund |
$100,001-$500,000 |
|
|
|
|
Brian Burrell |
|
|
Better World International Fund |
$50,001-100,000 |
|
|
|
|
Lon Erickson |
|
|
Limited Term U.S. Government Fund |
$10,001 - $50,000 |
|
Ultra Short Income Fund |
Over $1,000,000 |
|
Limited Term Income Fund |
$100,001-$500,000 |
|
Strategic Income Fund |
$100,001-$500,000 |
|
Core Plus Bond Fund |
$10,001–$50,000 |
|
|
|
|
Ali Hassan |
|
|
Strategic Income Fund |
$100,001–$500,000 |
|
|
|
2
|
Portfolio Manager |
Dollar Range of |
|
Christian Hoffmann |
|
|
Investment Income Builder Fund |
$100,001 - $500,000 |
|
Limited Term U.S. Government Fund |
$10,001–$50,000 |
|
Ultra Short Income Fund |
$10,001–$50,000 |
|
Limited Term Income Fund |
$100,001-$500,000 |
|
Strategic Income Fund |
$100,001–$500,000 |
|
Core Plus Bond Fund |
$100,001 - $500,000 |
|
|
|
|
Ben Kirby |
|
|
Investment Income Builder Fund |
over $1,000,000 |
|
Developing World Fund |
$500,001-$1,000,000 |
|
Summit Fund |
over $1,000,000 |
|
|
|
|
Jeff Klingelhofer |
|
|
Limited Term U.S. Government Fund |
$10,001–$50,000 |
|
Ultra Short Income Fund |
$10,001–$50,000 |
|
Limited Term Income Fund |
$500,001-$1,000,000 |
|
Strategic Income Fund |
$500,001-$1,000,000 |
|
Summit Fund |
over $1,000,000 |
|
Core Plus Bond Fund |
$500,001-$1,000,000 |
|
|
|
|
Steven Klopukh |
|
|
Small/Mid Cap Core Fund |
$100,001–$500,000 |
|
Small/Mid Cap Growth Fund |
$100,001–$500,000 |
|
|
|
|
Eve Lando |
|
|
Short Duration Municipal Fund |
None |
|
Limited Term Municipal Fund |
$1–$10,000 |
|
Intermediate Municipal Fund |
$50,001–$100,000 |
|
Strategic Municipal Income Fund |
$1–$10,000 |
|
Limited Term California Fund |
None |
|
Intermediate New Mexico Fund |
None |
|
Intermediate New York Fund |
None |
|
|
|
|
Emily Leveille |
|
|
International Growth Fund |
$100,001–$500,000 |
|
|
|
|
Tim McCarthy |
|
|
Small/Mid Cap Core Fund |
$50,001–$100,000 |
|
Small/Mid Cap Growth Fund |
$50,001–$100,000 |
|
|
|
|
Brian J. McMahon |
|
|
Income Builder Fund |
over $1,000,000 |
|
Global Opportunities Fund |
over $1,000,000 |
|
|
|
|
Miguel Oleaga |
|
|
Global Opportunities Fund |
over $1,000,000 |
|
|
|
|
Josh Rubin |
|
|
Developing World Fund |
$100,001–$500,000 |
|
|
|
|
Joe Salmond |
|
|
Better World International Fund |
$100,001–$500,000 |
|
|
|
|
Sean Sun |
|
|
International Growth Fund |
over $1,000,000 |
|
|
|
3
|
Portfolio Manager |
Dollar Range of |
|
Lei Wang |
|
|
International Equity Fund |
$100,001–$500,000 |
|
Better World International Fund |
$100,001–$500,000 |
|
|
|
|
Charles Wilson |
|
|
Developing World Fund |
$500,001–$1,000,000 |
The narrative language and table included under “Portfolio Managers’ Ownership of Shares in the Funds” sub-section beginning on page 68 of the Retirement SAI is hereby deleted in its entirety and replaced with the following disclosure:
Portfolio Managers’ Ownership of Shares in the Funds
Displayed below for each of the portfolio managers named in the Prospectus is the dollar range of the individual’s beneficial ownership of shares in the Fund or Funds as to which the individual is a manager. Except as otherwise noted below, the information presented is current as of March 18, 2024. In each case, the dollar range listed may include shares owned by the portfolio manager through the manager’s self-directed account in Thornburg’s retirement plan. In addition to the holdings noted below, each of the portfolio managers is a participant in Thornburg’s profit sharing plan, which invests in shares of each of the Funds.
|
Portfolio Manager |
Dollar Range of |
|
Nick Anderson |
|
|
International Growth Fund |
$100,001–$500,000 |
|
|
|
|
Matt Burdett |
|
|
Investment Income Builder Fund |
Over $1,000,000 |
|
International Equity Fund |
$100,001-$500,000 |
|
|
|
|
Lon Erickson |
|
|
Limited Term U.S. Government Fund |
$10,001 - $50,000 |
|
Limited Term Income Fund |
$100,001-$500,000 |
|
Strategic Income Fund |
$100,001-$500,000 |
|
Core Plus Bond Fund |
$10,001–$50,000 |
|
|
|
|
Ali Hassan |
|
|
Strategic Income Fund |
$100,001–$500,000 |
|
|
|
|
Christian Hoffmann |
|
|
Investment Income Builder Fund |
$100,001 - $500,000 |
|
Limited Term U.S. Government Fund |
$10,001–$50,000 |
|
Limited Term Income Fund |
$100,001-$500,000 |
|
Strategic Income Fund |
$100,001–$500,000 |
|
Core Plus Bond Fund |
$100,001 - $500,000 |
|
|
|
|
Ben Kirby |
|
|
Investment Income Builder Fund |
over $1,000,000 |
|
Developing World Fund |
$500,001-$1,000,000 |
|
|
|
|
Jeff Klingelhofer |
|
|
Limited Term U.S. Government Fund |
$10,001–$50,000 |
|
Limited Term Income Fund |
$500,001-$1,000,000 |
|
Strategic Income Fund |
$500,001-$1,000,000 |
|
Core Plus Bond Fund |
$500,001-$1,000,000 |
|
|
|
4
|
Portfolio Manager |
Dollar Range of |
|
Steven Klopukh |
|
|
Small/Mid Cap Core Fund |
$100,001–$500,000 |
|
Small/Mid Cap Growth Fund |
$100,001–$500,000 |
|
|
|
|
Emily Leveille |
|
|
International Growth Fund |
$100,001–$500,000 |
|
|
|
|
Tim McCarthy |
|
|
Small/Mid Cap Core Fund |
$50,001–$100,000 |
|
Small/Mid Cap Growth Fund |
$50,001–$100,000 |
|
|
|
|
Brian J. McMahon |
|
|
Income Builder Fund |
over $1,000,000 |
|
Global Opportunities Fund |
over $1,000,000 |
|
|
|
|
Miguel Oleaga |
|
|
Global Opportunities Fund |
over $1,000,000 |
|
|
|
|
Josh Rubin |
|
|
Developing World Fund |
$100,001–$500,000 |
|
|
|
|
Sean Sun |
|
|
International Growth Fund |
over $1,000,000 |
|
|
|
|
Lei Wang |
|
|
International Equity Fund |
$100,001–$500,000 |
|
|
|
|
Charles Wilson |
|
|
Developing World Fund |
$500,001–$1,000,000 |
PLEASE KEEP THIS SUPPLEMENT FOR FUTURE REFERENCE
TH6346
5