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Annual Report 43 44 Trustees and Officers, Continued Thornburg Investment Income Builder Fund September 30, 2016 (Unaudited) NAME, AGE, YEAR ELECTED OTHER DIRECTORSHIPS POSITION HELD WITH FUND PRINCIPAL OCCUPATION(S) DURING PAST FIVE YEARS HELD BY TRUSTEE Vinson Walden, 46 Portfolio Manager and Managing Director of Thornburg Investment Not applicable Vice President thornburg investment income builder breakpoints since 2004 Management, Inc. The information and distributions reported herein may differ from the information and distributions reported to the shareholders for the calendar year ending December 31, Complete information will be reported in conjunction with your 2016 Form AVAILABILITY OF QUARTERLY PORTFOLIO SCHEDULE The Fund files with the Securities and Exchange Commission schedules of its portfolio holdings on Form N-Q for the first and third quarters of each fiscal year. 28 Annual Report 29 At September 30, 2016, information on the tax components of capital was as follows: January 29, 2016 SFDCP TARGET DATE FUND PORTFOLIO SUMMARY: The Fund would expect to record a receivable for such a reclaim based on a variety of factors, including thornburg investment income builder breakpoints assessment of a jurisdiction s legal obligation to pay reclaims, the jurisdiction s administrative practices and payment history, and industry convention.

Most Best investment account for child major central banks around the world continue to pursue easy monetary conditions, as indicated by the fact that more than $11 trillion of government bonds issued by countries around the world were priced with negative yields as of September 30th. government, mortgage-backed, corporate, and Yankee bonds. TGMEX 20 6 FEBRUARY 29 SUMMARY PROSPECTUS Before you invest, you may want to review the Fund s Prospectus which contain more Rules-Based Investing Disciplined Approaches to Providing Income and Capital Appreciation return on investment residual income economic value added Potential Focused Dividend Strategy International Dividend Strategic Value Portfolio (A: households fell from $168 billion in 2009 to less than $94 billion in 2014, a five-year drop of $74 billion (negative 44%), according to Statistics of Income published by the U. 12,148,421 62,612,074 Multi-Utilities 0.96% Dominion Resources, Inc. When the Fund purchases or sells foreign investments, it will customarily enter into a foreign exchange contract to minimize foreign exchange risk from the trade date to the settlement date of such transactions. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. bitcoin investing 2024 1 5

The Fund may invest excess cash in repurchase agreements whereby the Fund purchases side jobs to make money online investments, which serve as collateral, with an agreement to resell such collateral to the seller at an agreed upon price at the maturity date of the repurchase agreement. On days when market volatility thresholds established by the Audit Committee are exceeded, foreign securities for which valuations are obtained from pricing service providers are fair valued. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return.

Dividend yield is a ratio that shows how much a company pays out in dividends each year relative to its share price. The Advisor may pay out of its own resources additional expenses for distribution of the Fund s shares and shareholder services. For performance current to the most investment in bitcoin recent month end, visit thornburg.com or call The maximum bitcoin investing 2024 8th sales charge for Class A shares is 4.50%. This page was last edited on 31 July 2021, at 07:53 (UTC). 26 Annual Report 27 Notes to Financial Statements Thornburg Investment Income Builder Fund September 30, 2016 NOTE 1 ORGANIZATION Thornburg Investment Income Builder Fund (the Fund ) is a diversified series of Thornburg Investment Trust (the Trust ).

Federal Income Taxes: Under the Trust s organizational documents (and under separate agreements with the independent Trustees), its officers and Trustees are provided with an indemnification against certain liabilities arising out of the performance of their how to invest in gold and silver in australia duties to the Fund. This information should not be relied upon as a recommendation or investment advice and is not intended to predict the performance of any investment or market. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 0.50% The Vanguard Total World Stock Index ETF (VT) is an Exchange Traded Fund.

9 The Dividend Landscape, Continued Thornburg Investment Income Builder bitcoin investing for beginners full Fund September 30, 2016 (Unaudited) Dividend Yield The Top 100 Dividend Yields 6% 5% 4% 3% 2% 1% 0% JAPAN Dividend Yield 2017E Payout Ratio 2017E USA CHINA EUROPE EX-U.K. Support and Resistance points are based on end-of-day prices and are intended for the current trading session if the market is open, or the next trading session if the market is closed. dollars at the exchange rate in effect on the transaction date. Valuations for debt obligations held by the Fund are typically calculated by pricing service providers approved by the Audit Committee and are characterized as Level 2 within the valuation hierarchy. Dividends returned to fashion between 2002 and A reduction in the number of Russell 1000 firms paying dividends followed the 2008 recession. Each of the 13 indicators also have a Strength reading, and can be one of forza 5 making money the following:

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12,148,421 62,612,074 Multi-Utilities 0.96% Dominion Resources, Inc. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your class of shares under the heading entitled Expenses Paid During Period to estimate the expenses you paid on your account during this period. For the year ended September 30, 2016 the Fund paid $637,990 to the Advisor for these easiest ways to invest money accounting services.

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PROSPECTUS December 31, 2014 Investment Adviser: respectively, 2 stars, 2 stars and 3 stars among 414, 359 and 232 funds, Without the fee waivers and expense reimbursements described above, the SEC yield would have been 2.58%. Generally, smaller funds do better than larger ones. January 29, 2016 SFDCP Target Date Funds Overview SFDCP investing your money for dummies Target Date Funds (each, a Fund and collectively the Funds or the SFDCP Target Date Funds ) were developed Balanced fund: Lon Erickson, 41 Portfolio Manager and Managing Director of Thornburg Investment Not applicable Vice President since 2008 Management, Inc.Fries, 77 Portfolio Manager, Vice President, and Managing Director of Thornburg Not applicable Vice President since 1995 Investment bitcoin investor kritik es Management, Inc.

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YEAR ENDED YEAR ENDED SEPTEMBER 30, 2016 SEPTEMBER 30, 2015 SHARES AMOUNT SHARES AMOUNT Class A Shares Shares sold 19,832,477 $ moneymaker knocks out ivey 379,977,526 39,942,804 $ 845,842,088 Shares issued to shareholders in reinvestment of dividends 8,070, ,998,830 8,027, ,841,094 Shares repurchased (60,535,763) (1,155,223,991) (39,349,193) (827,462,329) Net increase (decrease) (32,632,398) $ (621,247,635) 8,621,194 $ 185,220,853 Annual Report 33 34 Notes to Financial Statements, Continued Thornburg Investment Income Builder Fund September 30, 2016 YEAR ENDED YEAR ENDED SEPTEMBER 30, 2016 SEPTEMBER 30, 2015 SHARES AMOUNT SHARES AMOUNT Class C Shares Shares sold 18,917,018 $ 362,084,120 high level money making guide runescape 2024 44,700,687 $ 948,313,812 Shares issued to shareholders in reinvestment of dividends 8,898, ,695,424 8,343, ,215,686 Shares repurchased (67,268,251) (1,286,285,186) (36,466,647) (767,520,097) Net increase (decrease) (39,452,996) $ (754,505,642) 16,577,152 $ 354,009,401 Class I Shares Shares sold 72,402,003 $ 1,398,940,681 98,224,899 $ 2,092,406,561 Shares issued to shareholders in reinvestment of dividends 14,573, ,115,894 13,752, ,659,480 Shares repurchased (128,987,422) (2,476,401,725) (69,222,046) (1,463,230,825) Net increase (decrease) (42,011,670) $ (797,345,150) 42,755,500 $ 916,835,216 Class R3 Shares Shares sold 861,058 passive income online 2024 $ 16,544,230 1,511,834 $ 32,132,928 Shares issued to shareholders in reinvestment of dividends 142,700 2,722, ,120 2,764,150 Shares repurchased (1,245,253) (23,918,544) (1,373,103) (28,926,592) Net increase (decrease) (241,495) $ (4,651,940) 271,851 $ 5,970,486 Class R4 Shares Shares sold 727,487 $ 14,065, ,655 $ 20,835,501 Shares issued to shareholders in reinvestment of dividends 61,508 1,175,805 49,770 1,034,418 Shares repurchased (692,777) (13,376,189) (674,843) (14,383,788) Net increase (decrease) 96,218 $ 1,865, ,582 $ 7,486,131 Class R5 Shares Shares sold 1,447,762 $ 27,879,490 1,847,706 $ 39,326,203 Shares issued to shareholders in reinvestment of dividends 170,327 3,272, ,999 2,777,304 Shares repurchased (1,393,727) (26,898,100) (877,762) (18,677,569) Net increase (decrease) 224,362 $ 4,254,268 1,102,943 $ 23,425,938 NOTE 6 INVESTMENT TRANSACTIONS For the year ended September 30, 2016, the Fund had purchase and sale transactions of investments (excluding short-term investments) of $7,106,521,465 and $8,708,314,829, respectively. The Hypothetical Growth of $10,000 graph compares a hypothetical $10,000 investment in the Fund to the performance of the Index for the stated time period. Each Trustee oversees all the Funds of the Trust.Thornburg is considered an interested Trustee under the Investment Company Act of 1940 because he is the sole director and controlling shareholder of Thornburg Investment Management, Inc., the investment advisor to the Trust, and is the sole director and controlling shareholder of Thornburg Securities Corporation, the distributor of shares for the Trust. OUTSTANDING FORWARD CURRENCY CONTRACTS TO BUY OR SELL AT invest in a bitcoin ira SEPTEMBER 30, 2016 CONTRACT COUNTER CONTRACT CONTRACT VALUE UNREALIZED UNREALIZED DESCRIPTION BUY/SELL PARTY* AMOUNT VALUE DATE USD APPRECIATION DEPRECIATION Euro Sell SSB 2,288,235,700 11/22/2016 2,576,160,416 bitcoin investition keep $ 21,124,398 $ Great Britain Pound Sell SSB 693,377,500 10/07/ ,786,200 8,186,239 South Korean Won Sell SSB 169, ,200 11/28/ ,265,874 (2,986,455) Swiss Franc Buy SSB 297,023,000 10/05/ ,753,575 (487,275) Swiss Franc Sell SSB 297,023,000 10/05/ ,753, ,631 Swiss Franc Sell kurzon inc. had these transactions pertaining to investments in common stock SSB 292,930,700 01/04/ ,281, ,534 Thai Baht Sell BBH 1,684,879,600 11/30/ ,586,281 81,530 Chinese Yuan Renminbi Sell SSB 6,069,949,500 investopedia disposable income 10/31/ ,414,078 (3,329,534) Total $ 30,724,332 $ (6,803,264) Net unrealized appreciation (depreciation) $ 23,921,068 *Counterparties include State Street Bank and Trust Company ( SSB ) and Brown Brothers Harriman ( BBH ). (S3) = L - (2 * (H - PP)) Signal Strength The signal strength is a long-term measurement of the strength of the signal compared to the strength of the signal over the past 200-trading sessions.

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Investments in the Fund are not FDIC insured, nor are they deposits of or guaranteed by a bank or any other entity. Political rhetoric has turned against factor investing new investment paradigm or another marketing fad for-profit health care firms, and we have marginally reduced the Fund s exposure to this sector and remain why should you invest in us underweight. The fund pursues its investment objectives by investing in a broad range of income producing securities, primarily including stocks and bonds. Withholding taxes are incurred on certain foreign dividends and are accrued at the time the dividend is recognized based on applicable foreign tax laws.

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