PROSPECTUS FEBRUARY
1, 2023 THORNBURG
INVESTMENT
TRUST
who hold their shares in an account directly with
TSC and who are determined under procedures established by the Trustees to have
acquired their shares under special
circumstances not involving any sales expenses to the Fund or TSC, and not
involving any expected administrative services exceeding services customarily
provided for Class R6
shares.
Before opening an account to purchase Fund shares,
please note the following:
•Shares of the Funds are only available for purchase
by those U.S. citizens, resident aliens, and U.S. entities that have an address
in the U.S. or its territories (including U.S. military or diplomatic addresses)
and a valid U.S. social security number, employer identification number, or
other taxpayer identification number (TIN) issued by the U.S. Internal Revenue
Service. Non-U.S. persons who meet the customer identification and verification
requirements under the Trust’s
Anti-Money Laundering Policy may be
accepted in the sole discretion of
Thornburg.
•You may add to your plan account by contacting your
plan administrator.
•Federal law requires us to obtain, verify and
record information which identifies each person who opens an account. When you
open an account, you will be asked to supply your name, address, date of birth,
Social Security or tax identification number and other information identifying
you. Furthermore, legal entity customers may be asked to provide verification
and identification information about their ultimate beneficial owners and
control persons. We are required to reject any new account application if the
required information is not
provided.
•A Medallion Signature Guarantee may be required for
certain transactions, as described in the respective account application and/or
shareholder form.
•Each Fund reserves the right to suspend the
offering of shares for a period of time. Each Fund also reserves the right to
reject any specific purchase
order.
Purchasing and Holding Shares through a Financial
Intermediary
Class R3, Class R4, Class R5, and Class R6 shares
are generally only available to employer sponsored retirement plans through a
financial intermediary, such as a securities broker-dealer, a bank, trust
company or other financial institution that provides recordkeeping services to
employer-sponsored retirement plans. The intermediary will typically provide a
range of services for the convenience of the plan or the plan participants,
which may include holding Fund shares of record for the participants, issuing
account statements, executing transactions, distributing dividends and
redemption proceeds, and assisting with tax reporting.
Financial intermediaries that offer shares of the
Funds are not agents or otherwise acting on behalf of the Funds, Thornburg, TSC,
or the Funds’ Transfer Agent, and none of those persons audit the operations of
such financial intermediaries. The plan is responsible for selecting the
intermediary, and none of the Funds, Thornburg, TSC, or the Funds’ Transfer
Agent are responsible for errors or omissions by such financial intermediaries,
including failures or delays in crediting the plan or its participants for
dividends or redemption proceeds, errors in account statements or other reports,
errors in executing purchases or sales of shares, delays in reports, electronic
hacking or other cyber events affecting the plan’s accounts with an
intermediary, or for any loss to the plan or its participants due to a failure
or insolvency of the intermediary, the intermediary’s loss of property or funds,
or other acts or omissions by the intermediary. Plans should therefore exercise
care in selecting a financial
intermediary.
When Fund shares are purchased through a financial
intermediary, note that the intermediary may impose a charge or fee for that
service, the amounts of which may differ depending on the class of shares owned,
the identity of the financial intermediary, how the Fund shares are held, and
other factors. The intermediary may also impose investment minimums, investment
limits, or purchase procedures that differ from those described in this
Prospectus, or it may waive investment minimums. Please confer with your
financial intermediary to discuss those topics.
Financial intermediaries may also receive certain
payments from the Funds, Thornburg, or TSC in respect of the purchase and sale
of Fund shares and as compensation for shareholder support and account
maintenance services. See “Other Information About the Funds; Compensation to
Financial Intermediaries” below for more information.