Thornburg Small/Mid Cap Growth Fund Class R3 (THCRX)

Overview

The fund is designed for investors looking for exposure to U.S. government securities and high-grade debt obligations. The primary investment strategy focuses on allocating at least 65% of its net assets towards obligations of the U.S. government, its agencies, and instrumentalities. Additionally, the fund invests in debt obligations that are highly rated by major rating agencies at the time of purchase or are considered to be of comparable quality in the absence of a credit rating. This careful selection process ensures the fund's investments are in securities that are deemed to have a low risk of default, catering to investors who prioritize security and stability in their investments.

Products and Services

• U.S. Government Obligations:

  The fund invests a significant portion of its assets in securities issued or guaranteed by the U.S. government, its agencies, and instrumentalities. These investments provide a level of safety and stability, given the government's backing, making them an attractive option for risk-averse investors.

• Highly Rated Debt Obligations:

  In addition to U.S. government securities, the fund diversifies its portfolio by investing in debt obligations rated in the top three long-term rating categories by S&P Global Ratings or Moody's Investors Service, or the equivalent for short-term ratings. This strategy aims to ensure that the fund's holdings are of high credit quality, minimizing the risk of default and providing a stable return.

• Debt Obligations of Comparable Quality:

  For debt obligations that do not have a formal credit rating, the fund employs a rigorous assessment process to determine their quality. Investments are selected only if they are judged to be of a quality comparable to obligations rated in the three highest rating categories. This allows the fund to consider a broader range of investments while maintaining a focus on security and creditworthiness.