<p><span style="font-size: 8pt;font-family: Arial;">The Fund seeks to provide investors as high a level of current income as is consistent with safety of capital. The fund also seeks to reduce changes in its share price compared to longer term portfolios.</span></p>


Thornburg Investment Management Inc

USD Corporate Bond - Short Term

Bloomberg US Corp 1-3 Yr TR USD

Fixed Income

Bloomberg US Govt/Credit Interm TR USD

Thornburg Limited Term Inc I $ Acc UnH

Thornburg Limited Term Inc I $ Dis UnH

2023

2022

2021

2020

2019

FixedIncome

United States

Canada

Mexico

United Arab Emirates

Germany

Japan

Other countries

Unclassified

Bond - Corporate Bond

Bond - Asset Backed

Bond - Gov't Agency Pass-Thru

Bond - Gov't/Treasury

Bond - Gov't Inflation Protected

Bond - Gov't Agency ARM

Bond - Gov't Agency CMO

Bond - Undefined

Muni Bond - Revenue

United States Treasury Notes 3.875% (2034-08-15 Maturity)

Fnma Pass-Thru I 2% (2037-03-01 Maturity)

United States Treasury Bonds 1.75% (2028-01-15 Maturity)

United States Treasury Notes 2.875% (2032-05-15 Maturity)

Fnma Pass-Thru I 3% (2052-09-01 Maturity)

United States Treasury Notes 4.125% (2032-11-15 Maturity)

SBA Tower Trust 2.836% (2050-01-15 Maturity)

United States Treasury Notes 4.375% (2034-05-15 Maturity)

Fnma Pass-Thru I 2% (2035-12-01 Maturity)

United States Treasury Notes 1.75% (2034-01-15 Maturity)