Thornburg Expands Global Distribution in Latin America with New Partnership

Thornburg announced a new partnership with Javier Orcoyen to exclusively market Thornburg's UCITS funds to financial intermediaries in Argentina, Chile and Uruguay.

• Javier Orcoyen will exclusively market Thornburg's UCITS funds in Argentina, Chile and Uruguay

SANTA FE, NM - September 28, 2022 - Thornburg Investment Management ("Thornburg"), a U.S.-based global investment firm that oversees US$41 billion¹ in client assets as of 31 August 2022, today announced a new partnership with Rio Capital's Javier Orcoyen to exclusively market Thornburg's UCITS funds to financial intermediaries in Argentina, Chile and Uruguay. This agreement complements Thornburg's current regional distribution capabilities led by Vince León, director of the offshore advisory channel, and aims to increase the managed assets in Thornburg's UCITS funds.

"The partnership with Javier furthers Thornburg's global presence," said Thornburg's Head of Global Distribution Carter Sims. "Our UCITS funds have grown through placement on advisor recommended lists in South America and today marks the latest step toward elevating our clients' experience with Javier's local presence and years of experience."

Mr. Orcoyen added, "Thornburg's funds offer a diverse range of investment solutions and the firm's approach, particularly focused on income generation, is highly differentiated. I look forward to working with the Thornburg team and distributing these strategies across the southern cone countries of South America."

Under the agreement, Mr. Orcoyen will market and distribute Thornburg's sponsored UCITS strategies.

About Thornburg

Thornburg is a global investment firm delivering on strategy for institutions, financial professionals and investors worldwide. The privately held firm, founded in 1982, is an active, high-conviction manager of fixed income, equities, multi-asset solutions and sustainable investments. With $41 billion¹ in client assets as of 31 August 2022, the firm offers mutual funds, closed-end funds, institutional accounts, separate accounts and UCITS funds for non-U.S. investors.

As an independent firm, Thornburg can take on a wide range of opportunities, explore ideas thoroughly and work across strategies to deliver consistent risk-adjusted outperformance over the long term. The firm attracts free-thinking professionals who are eager to pursue investment outcomes beyond the confines of popular wisdom. From nimble operational capabilities to principles and actions fitting of a global citizen, Thornburg's world-class investment platform and team are aligned on strategy to serve investors.

Thornburg's U.S. headquarters is in Santa Fe, New Mexico with offices in London, Hong Kong and Shanghai. For more information, visit www.thornburg.com or call (877) 215-1330.

About Javier Orcoyen

As a third-party distributor, Javier Orcoyen exclusively represents Thornburg Investment Management Offshore UCITS funds in Argentina, Chile, and Uruguay. He is the founding partner of Altern investments, a real estate firm with investment projects and commitments of USD 100 million in corporate real estate in Uruguay.

Mr. Orcoyen's prior experience included serving as CEO of Julius Baer Uruguay and global market head for the Argentinian market. He was also the complex head and managing director for Merrill Lynch in the southern Latam region of Argentina, Chile and Uruguay. He completed a BA at Manhattanville College, Purchase, New York and graduated in business administration from Universidad de San Andres, Buenos Aires, Argentina.

Media Inquiries
Michael Corrao
Director of Global Communications
Thornburg Investment Management
Tel: +1 (505) 467-5345
Email: [email protected]

Important Information

This does not constitute or contain an offer, solicitation, recommendation or investment advice with respect to the purchase of the Funds described herein or any security. The Fund's shares may not be sold to citizens or residents of the United States or in any other state, country or jurisdiction where it would be unlawful to offer, solicit an offer for, or sell the shares. For information regarding the jurisdictions in which the Fund is registered or passported, please contact Thornburg at [email protected] or +1.855.732.9301. Fund shares may be sold on a private placement basis depending on the jurisdiction. This should not be used or distributed in any jurisdiction, other than in those in which the Fund is authorized, where authorization for distribution is required. Thornburg is authorized by the Fund to facilitate the distribution of shares of the Fund in certain jurisdictions through dealers, referral agents, sub-distributors and other financial intermediaries. Any entity forwarding this, which is produced by Thornburg in the United States, to other parties takes full responsibility for ensuring compliance with applicable securities laws in connection with its distribution.

The Fund is a sub-fund of Thornburg Global Investment plc ("TGI"), an open-ended investment company with variable capital constituted as an umbrella fund with segregated liability between sub-funds, authorized and regulated by the Central Bank of Ireland ("CBI") as an Undertaking for Collective Investments in Transferable Securities ("UCITS"). Authorization of TGI by the CBI is not an endorsement or guarantee by the CBI nor is the CBI responsible for the contents of any marketing material or the Fund's prospectus, supplement or applicable Key Investor Information Document ("KIID"). Authorization by the CBI shall not constitute a warranty as to the performance of TGI and the CBI shall not be liable for the performance of TGI.

Before investing, investors should review the Fund's full prospectus and supplement, together with the applicable KIID and the most recent annual and semi-annual reports. Copies of these documents may be obtained free of charge from State Street Fund Services (Ireland) Limited, by visiting www.thornburgglobal.com or by contacting the local paying or representative agent or local distributor in the jurisdictions in which the Fund is authorized for distribution.

Investments carry risks, including possible loss of principal. Additional risks may be associated with investments in emerging markets, including currency fluctuations, illiquidity, volatility, and political and economic risks. Investments in small- and mid-capitalization companies may increase the risk of greater price fluctuations. Portfolios investing in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds. The value of bonds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. Unlike bonds, bond funds have ongoing fees and expenses. Investments in mortgage-backed securities (MBS) may bear additional risk. Investments in the Fund are not insured, nor are they bank deposits or guaranteed by a bank or any other entity.

No securities commission or regulatory authority has in any way passed upon the merits of an investment in the Fund or the accuracy or adequacy of this information or the material contained herein or otherwise. Neither this or the Offering Documents have been approved in any jurisdiction where the Fund has not been registered for public offer and sale. This information is not, and under no circumstances is to be construed as the Offering Documents, a public offering or an offering memorandum as defined under applicable securities legislation. Application for shares may only be made by way of the Fund's most recent Offering Documents.

For Argentina, Bolivia, Brazil, Chile, Mexico, Peru, Uruguay

This material is for informational purposes and is intended only for Investment Professionals, as that term is defined in each jurisdiction. This information relates to a foreign Fund which is not subject to any form of local regulation or licensing. No regulator, government authority, or other entities are responsible for reviewing or verifying, and have not reviewed or verified, this information, the merits of the Fund or services represented, the offering documents, or any other documents in connection with this Fund. Interests may not be offered or sold to the public and documents relating to this Fund (as well as information contained herein) may not be supplied to the general public for purposes of a public offering or be used in connection with any offer or subscription for sale to the public.

This material is for investment professionals and institutional investors only.

Administrator: State Street Fund Services (Ireland) Limited | [email protected] | +353.1.242.5580

Distributor: Thornburg Investment Management, United States | [email protected] | +1.855.732.9301

¹ Includes US$40 billion in assets under management and US$1 billion in assets under advisement as of 31 August 2022.

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