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They include 300 other individuals, 187 high-net-worth individuals and 52 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Thornburg Investment Management offer?","answer":"Thornburg Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Thornburg Investment Management use?","answer":"Thornburg Investment Management’s separately managed account assets are held at Sumitomo Mitsui Trust (hong Kong) Limited (Central Hong Kong), with $613,019,423, RBC Capital Markets, LLC (Minneapolis, MN), with $580,530,509, Pershing LLC (Jersey City, NJ), with $301,754,221 and Charles Schwab (El Paso, NM), with $236,543,693. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Thornburg Investment Management have?","answer":"Thornburg Investment Management has 34 investment adviser representatives registered with state securities authorities, out of 219 employees, and 40 perform investment advisory functions. 66 are registered representatives of a broker-dealer and 0 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Thornburg Investment Management invest in?","answer":"At the end of its last fiscal year, Thornburg Investment Management’s separately managed accounts held 59% state and local bonds, 32% exchange-traded equities, 4% U.S. government and agency bonds, 2% investment grade corporate bonds and 2% cash and equivalents. 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