Closing Net Asset Values *

Equity Funds

7/17/2008
Closing
Price		 7/18/2008
Closing
Price
  Ticker Difference
Thornburg Equity Funds        
Value Fund - Class A TVAFX $31.04 $30.87 ($0.17)
Value Fund - Class B TVBFX $29.52 $29.36 ($0.16)
Value Fund - Class C TVCFX $29.88 $29.72 ($0.16)
International Value Fund - Class A TGVAX $27.82 $27.96 $0.14
International Value Fund - Class B THGBX $26.28 $26.41 $0.13
International Value Fund - Class C THGCX $26.39 $26.51 $0.12
Investment Income Builder Fund - Class A TIBAX $18.95 $18.93 ($0.02)
Investment Income Builder Fund - Class C TIBCX $18.96 $18.94 ($0.02)
Core Growth Fund - Class A THCGX $15.36 $15.20 ($0.16)
Core Growth Fund - Class C TCGCX $14.42 $14.27 ($0.15)
Global Opportunities Fund - Class A THOAX $16.04 $16.15 $0.11
Global Opportunities Fund - Class C THOCX $15.87 $15.98 $0.11
International Growth Fund - Class A TIGAX $12.06 $12.05 ($0.01)
International Growth Fund - Class C TIGCX $11.93 $11.92 ($0.01)

Fixed Income Funds

7/17/2008
Closing
Price		 7/18/2008
Closing
Price
  Ticker Difference
Thornburg Fixed Income Funds        
Limited Term Municipal Fund - Class A LTMFX $13.51 $13.50 ($0.01)
Limited Term Municipal Fund - Class C LTMCX $13.54 $13.52 ($0.02)
California Limited Term Municipal Fund - Class A LTCAX $12.75 $12.74 ($0.01)
California Limited Term Municipal Fund - Class C LTCCX $12.76 $12.75 ($0.01)
Intermediate Municipal Fund - Class A THIMX $12.98 $12.95 ($0.03)
Intermediate Municipal Fund - Class C THMCX $12.99 $12.97 ($0.02)
New Mexico Intermediate Municipal Fund - Class A THNMX $13.12 $13.10 ($0.02)
New Mexico Intermediate Municipal Fund - Class D THNDX $13.13 $13.11 ($0.02)
New York Intermediate Municipal Fund - Class A THNYX $12.30 $12.28 ($0.02)
Limited Term Income Fund - Class A THIFX $12.34 $12.32 ($0.02)
Limited Term Income Fund - Class C THICX $12.32 $12.30 ($0.02)
Limited Term US Government Fund - Class A LTUSX $13.18 $13.16 ($0.02)
Limited Term US Government Fund - Class B LTUBX $13.15 $13.13 ($0.02)
Limited Term US Government Fund - Class C LTUCX $13.26 $13.24 ($0.02)
Strategic Income - Class A TSIAX $11.65 $11.64 ($0.01)
Strategic Income - Class C TSICX $11.65 $11.64 ($0.01)
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Important Information

Investments in the funds carry risks including possible loss of principal. Additional risks may be associated with the equity funds’ investments outside the United States, especially emerging markets, including currency fluctuations, illiquidity and volatility. Additionally, the equity funds may invest a portion of the assets in small capitalization companies, which may increase the risk of greater price fluctuations.

As with direct bond ownership, funds that invest in bonds are subject to certain risks including interest rate risk, credit risk, and inflation risk. The principal value of bond funds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. Unlike bonds, bond funds have ongoing fees and expenses. The U.S. Government Fund invests a portion of assets in Mortgage Backed Securities, which are subject to pre-payment risk. This may reduce the potential for capital appreciation and may cause greater volatility in the fund. The Strategic Income Fund may invest in structured finance arrangements and other types of derivatives, which are subject to the risks associated with the securities or other assets underlying the pool of securities including illiquidity and difficulty in valuation.

Investments in the funds are not FDIC insured, nor are they deposits of or guaranteed by a bank or any other entity.

Carefully consider the Fund’s investment objectives, risks, sales charges, and expenses; these are found in the prospectus, which is available from your financial advisor or from our download library. Read it carefully before you invest or send money.

*Net Asset Value (NAV) is the value of a mutual fund share not including a deduction of a sales charge.

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