The fund is Thornburg’s first product introduction into the Taiwan market. It follows the firm's August signing of a master agent agreement with Concord to collaborate on the distribution of Thornburg offshore funds registered for general sale in Taiwan.

Thornburg’s Limited Term Income Fund (UCITS) has an investment objective of providing investors as high a level of current income as is consistent with keeping capital safe through investments in US dollar-denominated short/intermediate investment grade bonds. The UCITS fund was incepted in May 2017. As of 31 July 2023, the fund has $114.4 million in assets.

In August 2020, New Mexico-based Thornburg announced that it had appointed Concord as its private placement agent in Taiwan. Concord helps Thornburg market its global equities and fixed income UCITS funds and separately managed account solutions to institutions and high net worth investors in Taiwan.