Thornburg Privacy Statement

We are committed to preserving the confidentiality of the personal information we receive about you. The following information is provided to help you understand how we gather, use and protect personal information.

You typically provide personal information when communicating with us or other persons, in writing, by phone or electronically. Examples of this information include:

Name
Address
Social Security Number
Date of Birth
Information about Your Transactions

This information may be provided in account applications, other forms and from your transactions with our affiliates, other persons and us. We also may request information for identification purposes, to fulfill regulatory requirements, and to assist you in making financial decisions and in performing transactions for you.

Any information described above may be shared among our affiliates which provide services in connection with your investment. We also may share this information with unrelated financial service providers, non-financial companies and others, which supply services related to your Thornburg account. Examples of these services are:

Transaction Processing
Account Servicing
Communications with Shareholders
Developing and Marketing New Services and Products

We also may disclose names and addresses of our customers to companies which perform marketing services on our behalf or to other financial institutions with which we have joint marketing agreements. We do not disclose nonpublic personal information about customers or former customers to any unrelated party, except as permitted by law.

We use security measures reasonably designed to protect the information we obtain about you. These include:

Third parties performing services for us and having access to your information are required to maintain the confidentiality of the information.

We restrict access to your information in our own offices to specific individuals who have a need to use that information in connection with their employment, and those individuals are subject to an internal confidentiality policy.

We employ data encryption, user names and passwords, web server technologies and other techniques to protect the confidentiality of stored information and electronic transfers of information.

The accuracy of your personal information is important. If you need to correct or update your personal or account information, please contact us at 800-847-0200. One of our customer service representatives will review, correct or update your information.

Thornburg Funds
Thornburg Investment Management, Inc.
Thornburg Securities Corporation

Information about the Thornburg Investment Management Web Site

In general, you may visit our website without telling us who you are or revealing any personally identifiable information about yourself. Our servers do, however, collect a variety of technical data, which we store in aggregate form. This data includes (but is not limited to) your IP address (a unique number that identifies your access account on the Internet), domain, and web browser information. We may track the page you visited before coming to thornburg.com, the page you link to when you leave thornburg.com, which of our pages you access, and how long you spend on each page. We use this information to assess site usage, and to help us make improvements to its design and content.

Thornburg uses NetTracker to analyze traffic to this site. NetTracker is an in-house system that stores all the information it analyzes on Thornburg systems. Neither NetTracker nor Thornburg create individual profiles of visitors. Unlike some tracking services, NetTracker and Thornburg do not create a database of individual profiles for each visitor. NetTracker and Thornburg only collect aggregate data.

At times, we conduct on-line surveys to better understand the needs and profile of our visitors. When we conduct a survey, we will let you know how we will use the information at the time of its collection.

Security

This site has implemented security measures to protect against the loss, misuse and alteration of the information under our control. While we believe these measures to be sufficient, due to the nature of the Internet, we cannot guarantee that no unauthorized access to our servers will occur.

Links

Our website may contain links to other sites on the Internet Please remember when you click on one of those links you are leaving the Thornburg website and entering another website. We are not responsible for the security, privacy practices, or content of these other websites.

Cookies

A "cookie" is a small piece of information placed on your computer by the website you are visiting online. It allows the site to recognize your computer during the session, or when you visit the site again.

Thornburg uses temporary cookies, which store a session identifier to facilitate the consumer's use of the website. We will not collect any information from your computer or leave any retrievable information on your computer, using this type of cookie.

Inquiries and requests relating to this information should be sent by e-mail to webmaster@thornburg.com or at our mailing address:

Thornburg Investment Management
2300 North Ridgetop Road
Santa Fe, NM 87506
1-800-847-0200

From time to time we may modify our security and website procedures without notice.

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