Thornburg Value Fund
The Thornburg Value Fund, (“the Fund”) did not declare capital gain dividends during 2011.
For the 2011 calendar year, 100.00% of the dividends paid from tax basis net ordinary income (box 1a of Form 1099-DIV) qualify as qualified dividend income (“QDI”) (box 1b of Form 1099-DIV) for the reduced tax rate under the Jobs and Growth Relief Reconciliation Act of 2003.
100.00% of the ordinary income dividends paid by the Fund for 2011 qualified for the corporate dividends received deduction.
Tax rules are complex. Please consult your tax advisor.
Investments in the Funds carry risks, including possible loss of principal. Investing outside the United States, especially in emerging markets, entails special risks, such as currency fluctuations, illiquidity, and volatility. Investments in small capitalization companies may increase the risk of greater price fluctuations. Funds investing in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds. The principal value of bonds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. 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.
