At Thornburg, we believe unconstrained investing leads to better outcomes for our clients. We deliver idiosyncratic alpha-the active return on an investment as driven by security-specific factors-to our clients with innovative investment solutions that are highly active, high conviction, and benchmark agnostic. We are bottom-up, fundamental, active managers. By actively managing our portfolios, we look beyond conventional benchmarks for hidden economic opportunity. We look across our entire investment team, collectively honing ideas for better results-for our strategies and our clients.
As part of our investment process, we assess many factors, which may include ESG factors, on a company-by-company basis, for their potential to materially impact a company's risk/reward profile. As active owners, we pay particular attention to a company's governance structure and practices as well as risks and opportunities associated with environmental and social factors, when applicable. We proactively engage with the board and management teams of companies in which we choose to invest. We also vote proxies, including those addressing ESG-related issues, consistent with our approach as long-term investors.