Foreign Large Growth

05-28-1998

2300 North Ridgetop Road Santa Fe, NM 87506-8361 USA
800-847-0200
http://www.thornburg.com

Lei V. Wang

02-1-2006

The investment seeks long-term capital appreciation. The fund normally invests at least 75% of assets in foreign securities or depository receipts of foreign securities. It may invest in developing countries. The fund typically makes equity investments in the following three types of companies: basic value companies with well established businesses whose stock is under valued; Consistent earner companies when they are selling at valuations below historic norms; and Emerging franchises that are in the process of establishing a leading position in a product, service or market expecting growth at an above average rate.

26.48B

$5,000

3 stars

NOVO NORDISK A/S B
Adidas AG
Reckitt Benckiser Group PLC
NESTLE SA CHAM ET VE
Schlumberger N.V.
CNOOC, Ltd.
LVMH
BRIT AMER TOBACCO
SIEMENS N
Toyota Motor Corp