Holdings as of 12/31/2011
Growth Industry Leaders
Ticker Company Name % of Portfolio AMZN Amazon.com, Inc. 3.9% SCHW Charles Schwab Corp. 3.8% QCOM Qualcomm, Inc. 3.7% GOOG Google, Inc. 3.3% FDX FedEx Corp. 3.2% BHI Baker Hughes, Inc. 3.1% BIDU Baidu, Inc. ADR 2.9% MELI MercadoLibre, Inc. 2.9% ZOLL Zoll Medical Corp. 2.8% EMC EMC Corp. 2.8% JNPR Juniper Networks, Inc. 1.7%
Consistent Growth Companies
Ticker Company Name % of Portfolio MSFT Microsoft Corp. 3.3% COV Covidien plc 3.3% GILD Gilead Sciences, Inc. 3.2% V Visa, Inc. 3.0% AMG Affiliated Managers Group, Inc. 2.9% HL/ LN Hargreaves Lansdown plc 2.8% MHS Medco Health Solutions, Inc. 2.4% DVA DaVita, Inc. 2.4% INTU Intuit, Inc. 2.3% SBAC SBA Communications Corp. 2.3% HMSY HMS Holdings Corp. 2.2% SRCL Stericycle, Inc. 1.5% ACTV Active Network, Inc. 0.8%
Emerging Growth Companies
Ticker Company Name % of Portfolio GNTX Gentex Corp. 2.7% OXM Oxford Industries, Inc. 2.6% VRA Vera Bradley, Inc. 2.5% BSFT BroadSoft, Inc. 2.4% SIVB SVB Financial Group 2.4% ONNN ON Semiconductor Corp. 2.3% RVBD Riverbed Technology, Inc. 2.0% PRAA Portfolio Recovery Associates, Inc. 1.9% URBN Urban Outfitters, Inc. 1.9% ECPG Encore Capital Group, Inc. 1.8% FIO Fusion-Io, Inc. 1.6% ALLT Allot Communications Ltd. 1.6% INVN InvenSense, Inc. 1.5% WETF WisdomTree Investments, Inc. 1.4% TLEO Taleo Corp. 1.2% IMPV Imperva, Inc. 1.1%
Special Situations
Ticker Company Name % of Portfolio CYH Community Health Systems, Inc. 1.6%
Cash 1.2%
The securities mentioned above are provided for the general information of Thornburg Core Growth Fund shareholders. This information should not be interpreted as a buy or sell recommendation. It should not be assumed that the investments in the securities were or will be profitable.
It is probable that buying or selling in the Thornburg Core Growth Fund portfolio will have occurred since this list was last updated. As a result of this buying or selling, the fund may own more, fewer, or no shares of the stock of any company listed. In addition, the fund may have purchased shares of companies that are not yet included in the above list.
Holdings can and do vary over time.

