PROSPECTUS FEBRUARY 1,
2024 THORNBURG INVESTMENT TRUST
Class
R5 or Class R6 shares available to plan participants should contact a financial
intermediary authorized to sell shares of the Funds. Class R6 shares must
generally be held through plan level or omnibus accounts on the books of a Fund.
For
this purpose, employer-sponsored retirement plans include: group profit sharing
and money purchase pension plans; defined benefit plans and nonqualified
deferred compensation plans; multi-participant health savings accounts; and
plans described in Sections 401(k), 403(b) and 457 of the Internal Revenue
Code.
Employer-sponsored
retirement plans do not include: retail non-retirement accounts; individual
retirement accounts (“IRAs”); Roth IRAs; SIMPLE IRAs; individual profit sharing
plans; individual 403(b) plans; Simplified Employee Pensions (“SEPs”); SAR-SEPs;
529 tuition programs; Coverdell Educational Savings Accounts; individual health
savings accounts; individual 401(k) plans; and 401(k) plans that are not
administered by a professional plan administrator or where the plan
administrator is not set up to administer Class R shares (i.e., small employer
401(k) plans). Accordingly, the foregoing investors are generally not eligible
to purchase Class R3, Class R4, Class R5, or Class R6 shares.
Employees,
officers, trustees, directors of any Thornburg Fund or Thornburg company, and
families and trusts established for the benefit of any of the foregoing, may
purchase Class R6 shares provided that those shares are held in an account
directly with Thornburg Securities LLC (“TSL”), the Funds’ distributor. Class R6
shares also may be available to purchasers who hold their shares in an account
directly with TSL 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 TSL, 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, TSL, 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,
TSL, 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