Lipper has recognized two of our funds with 2011 Lipper Fund Awards. The Thornburg Limited Term Municipal Fund may suit those with a taste for tax-free income*. While Thornburg Limited Term Income Fund may be more appealing to an investor who is less concerned with taxes and seeking the opportunity for more income.
An investor looking for income has a variety of choices. What is their appetite for risk? What flavor of income do they really
need? At Thornburg, we understand investors have varying income needs. That's why we offer a range of income-seeking
solutions that cater to every taste.
We strive to deliver consistent investment results through disciplined investing and managed risk. All of our funds are supported by the same diligent research, independent thinking, and integrity that are the hallmark of Thornburg Investment Management. Whatever your choice, we're committed to providing you with a comprehensive array of Strategies for Building Real Wealth – after inflation, taxes, and investment expenses.
Past performance does not guarantee future results.
Investments in the Funds carry risks, including possible loss of principal. Bond funds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds. The principal value of a bond will fluctuate relative to changes in interest rates, decreasing when interest rates rise. Unlike bonds, bond funds have ongoing fees and expenses. Funds invested in mortgage backed securities may bear additional risk. Investments in the Funds are not FDIC insured, nor are they deposits of or guaranteed by a bank or any other entity
Before investing, carefully consider the Fund’s investment goals, risks, charges, and expenses. For a prospectus containing this and other information, contact your financial advisor or visit our literature library. Read it carefully before investing
Class I shares may not be available to all investors and minimum investments may be higher.
* May be subject to AMT.
Lipper Fund Awards are granted annually to the fund in each Lipper classification that consistently delivered the strongest risk-adjusted performance as of 12/31/10 (calculated with dividends reinvested). Awards are given for three-year, five-year, and ten-year periods. The funds did not win the awards for other time periods.

