Thornburg Limited Term Income Fund
The Thornburg Limited Term Income Fund, (the “Fund”) declared the following short-term and long-term
capital gain dividends in 2011:
| Share Class | Record Date |
Payable Date |
Short-term(1) (amount per share) |
Long-term (amount per share) |
| Class A | 11/17/11 |
11/18/11 |
0.01648 |
0.07606 |
| Class C | 11/17/11 |
11/18/11 |
0.01648 |
0.07606 |
| Class I | 11/17/11 |
11/18/11 |
0.01648 |
0.07606 |
| Class R3 | 11/17/11 |
11/18/11 |
0.01648 |
0.07606 |
(1) Short-term gains are treated as ordinary income for tax purposes.
Your dividends from the Fund must be reported on your 2011 federal income tax return. Listed below is a month-by-month percentage breakdown of sources of interest income earned by the Fund in 2011, including interest earned on U.S. government obligations. Some states and/or localities do not require you to pay state or local income tax on income derived from certain federal agency bonds. Please consult your tax advisor as to the extent and effect of such tax treatment in your state of residence.
| Jan | Feb | Mar | Apr | May | June | July | Aug | Sep | Oct | Nov | Dec | Avg 11 |
|
| Corporate Securities |
69.05% | 67.77% | 68.12% | 69.57% | 69.15% | 70.33% | 71.03% | 70.32% | 73.17% | 74.18% | 74.45% | 75.47% | 71.05% |
| Other Securities | 15.39% | 16.87% | 17.07% | 14.88% | 14.80% | 14.02% | 13.56% | 12.77% | 12.33% | 11.69% | 11.27% | 10.79% | 13.79% |
DIRECT U.S. OBLIGATIONS
| Jan | Feb | Mar | Apr | May | June | July | Aug | Sep | Oct | Nov | Dec | Avg 11 | |
| U.S. Treasury | 0.82% | 0.78% | 0.86% | 0.83% | 0.86% | 0.79% | 0.80% | 0.75% | 0.70% | 0.71% | 0.81% | 0.79% | 0.79% |
| Sub Total | 0.82% | 0.78% | 0.86% | 0.83% | 0.86% | 0.79% | 0.80% | 0.75% | 0.70% | 0.71% | 0.81% | 0.79% | 0.79% |
INDIRECT U.S. OBLIGATIONS
| Jan | Feb | Mar | Apr | May | June | July | Aug | Sep | Oct | Nov | Dec | Avg 11 |
|
| Federal Home Loan Mortgage Corporation |
6.15% | 5.55% | 5.54% | 4.92% | 4.87% | 4.56% | 4.48% | 6.54% | 4.12% | 3.75% | 3.81% | 3.60% | 4.82% |
| Federal National Mortgage Association |
5.23% | 5.37% | 4.94% | 4.80% | 4.83% | 4.70% | 4.71% | 4.41% | 4.35% | 4.37% | 4.81% | 4.71% | 4.77% |
| Government National Mortgage Association |
0.60% | 0.62% | 0.63% | 1.67% | 2.47% | 2.71% | 2.61% | 2.57% | 2.74% | 2.60% | 2.46% | 2.32% | 2.00% |
| Other Government Agencies |
2.76% | 3.04% | 2.84% | 3.33% | 3.02% | 2.89% | 2.81% | 2.64% | 2.59% | 2.70% | 2.39% | 2.32% | 2.78% |
| Sub-total | 14.74% | 14.58% | 13.95% | 14.72% | 15.19% | 14.86% | 14.61% | 16.16% | 13.80% | 13.42% | 13.47% | 12.95% | 14.37% |
| Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Tax rules are complex. Please consult your tax advisor.
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.
