Form NPORT-P THORNBURG INVESTMENT For: Jun 30

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August 17, 2022 4:22 PM EDT

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        Dollar General Corp
        256677105
        
          
        
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        Sofi Consumer Loan Program 2018-3 Trust
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        33852BAQ8
        
          
        
        118440.46000000
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          2049-12-25
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        XP Inc
        5493008KDA8NBZRJST80
        XP Inc
        000000000
        
          
        
        17531.00000000
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        Freedom Financial
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        FREED ABS Trust 2022-3FP
        35634EAA7
        
          
        
        500000.00000000
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          2029-08-20
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        United States Treasury
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        United States Treasury Inflation Indexed Bonds
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        215696.00000000
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        JP Morgan Chase Commercial Mortgage Sec Trust
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        JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11
        46639YAQ0
        
          
        
        425000.00000000
        PA
        USD
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          2.96000000
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          N
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        United States Treasury
        254900HROIFWPRGM1V77
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        91282CBM2
        
          
        
        800000.00000000
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        Marlette Funding Trust
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          2031-06-16
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          N
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        Upstart Pass Through Trust
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        Upstart Pass-Through Trust Series 2021-ST4
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        USD
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        ABS-O
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          2027-07-20
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          N
        
      
      
        Morgan Stanley & Co. LLC
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              Morgan Stanley & Co. LLC
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            576904.61000000
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        ASML Holding NV
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        ASML Holding NV
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        EC
        CORP
        NL
        N
        
        1
        
          N
          N
          N
        
      
      
        Arroyo Mortgage Trust
        N/A
        Arroyo Mortgage Trust 2019-1
        042859AA6
        
          
        
        52887.93000000
        PA
        USD
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        ABS-MBS
        CORP
        US
        N
        
        2
        
          2049-01-25
          Variable
          3.81000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DELL INT LLC / EMC CORP
        N/A
        Dell International LLC / EMC Corp
        24703TAE6
        
          
        
        250000.00000000
        PA
        USD
        250192.50000000
        0.387689851517
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-10-01
          Fixed
          4.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mitsubishi UFJ Financial Group Inc
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        Mitsubishi UFJ Financial Group Inc
        000000000
        
          
        
        58900.00000000
        NS
        
        316639.59000000
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        EC
        CORP
        JP
        N
        
        1
        
          N
          N
          N
        
      
      
        SAP SE
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        000000000
        
          
        
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        NS
        
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        EC
        CORP
        DE
        N
        
        1
        
          N
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          N
        
      
      
        ChemoCentryx Inc
        529900YTTXUSFQTAKY40
        ChemoCentryx Inc
        16383L106
        
          
        
        18154.00000000
        NS
        USD
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        0.697081856438
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ACM Auto Trust
        N/A
        ACM Auto Trust 2022-1
        00091QAA0
        
          
        
        392245.12000000
        PA
        USD
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        0.605752777589
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2029-04-20
          Fixed
          3.23000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Thermo Fisher Scientific Inc
        HCHV7422L5HDJZCRFL38
        Thermo Fisher Scientific Inc
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        1165.00000000
        NS
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        0.980753324141
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        New Residential Advance Receivables Trust Advance
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        New Residential Advance Receivables Trust Advance Receivables Backed 2020-T1
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        USD
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        0.372251058197
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2053-08-15
          Fixed
          3.01000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BNP Paribas SA
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        BNP Paribas SA
        000000000
        
          
        
        9717.00000000
        NS
        
        461948.63000000
        0.715820001691
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        Upstart Pass Through Trust
        N/A
        Upstart Pass-Through Trust Series 2021-ST7
        91683KAA6
        
          
        
        342132.17000000
        PA
        USD
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        0.503365854590
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2029-09-20
          Fixed
          1.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CCS8
        
          
        
        550000.00000000
        PA
        USD
        473429.69000000
        0.733610664668
        Long
        DBT
        UST
        US
        N
        
        1
        
          2031-08-15
          Fixed
          1.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Linde PLC
        8945002PAZHZLBGKGF02
        Linde PLC
        000000000
        
          
        
        2142.00000000
        NS
        USD
        615889.26000000
        0.954361204914
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Metlife Securitization Trust
        N/A
        METLIFE SECURITIZATION TRUST 2019-1
        59166EAB1
        
          
        
        62617.58000000
        PA
        USD
        61951.19000000
        0.095997472555
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2058-04-25
          Variable
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sea Ltd
        529900OM6JLLW44YKI15
        Sea Ltd
        81141R100
        
          
        
        3175.00000000
        NS
        USD
        212280.50000000
        0.328942696223
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Samsung Electronics Co Ltd
        9884007ER46L6N7EI764
        Samsung Electronics Co Ltd
        000000000
        
          
        
        17903.00000000
        NS
        
        785945.01000000
        1.217873854043
        Long
        EC
        CORP
        KR
        N
        
        1
        
          N
          N
          N
        
      
      
        Imperial Fund LLC
        N/A
        Imperial Fund Mortgage Trust 2021-NQM3
        452762AA5
        
          
        
        367499.63000000
        PA
        USD
        312629.59000000
        0.484440258309
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2056-11-25
          Variable
          1.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PPG Industries Inc
        549300BKPEP01R3V6C59
        PPG Industries Inc
        693506107
        
          
        
        3442.00000000
        NS
        USD
        393558.28000000
        0.609844624185
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ellington Financial Mortgage Trust
        N/A
        Ellington Financial Mortgage Trust 2022-1
        31573CAA3
        
          
        
        280563.32000000
        PA
        USD
        244386.63000000
        0.378693271371
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2067-01-25
          Variable
          2.21000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Home Improvement Trust Issuer Trust
        N/A
        Goldman Home Improvement Trust 2021-GRN2 Issuer Trust
        38149XAE9
        
          
        
        2000.00000000
        PA
        USD
        148377.32000000
        0.229920485863
        Long
        ABS-O
        CORP
        US
        N
        
        3
        
          2051-06-20
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Orange SA
        969500MCOONR8990S771
        Orange SA
        000000000
        
          
        
        99233.00000000
        NS
        
        1166781.52000000
        1.808005252922
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        TIAA Bank Mortgage Loan Trust
        N/A
        TIAA Bank Mortgage Loan Trust 2018-2
        886312CD7
        
          
        
        165895.11000000
        PA
        USD
        151394.40000000
        0.234595651174
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2048-07-25
          Variable
          3.74000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CME Group Inc
        LCZ7XYGSLJUHFXXNXD88
        CME Group Inc
        12572Q105
        
          
        
        2296.00000000
        NS
        USD
        469991.20000000
        0.728282496647
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alphabet Inc
        5493006MHB84DD0ZWV18
        Alphabet Inc
        02079K305
        
          
        
        952.00000000
        NS
        USD
        2074655.52000000
        3.214816153555
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Estee Lauder Cos Inc/The
        549300VFZ8XJ9NUPU221
        Estee Lauder Cos Inc/The
        518439104
        
          
        
        2264.00000000
        NS
        USD
        576572.88000000
        0.893437869784
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Visa Inc
        549300JZ4OKEHW3DPJ59
        Visa Inc
        92826C839
        
          
        
        3322.00000000
        NS
        USD
        654068.58000000
        1.013522590254
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Roche Holding AG
        549300U41AUUVOAAOB37
        Roche Holding AG
        000000000
        
          
        
        2373.00000000
        NS
        
        791828.58000000
        1.226990835486
        Long
        EC
        CORP
        CH
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PENTAIR FINANCE SARL
        549300H2U8U8TZPV3T89
        Pentair Finance Sarl
        709629AS8
        
          
        
        400000.00000000
        PA
        USD
        400248.00000000
        0.620210788453
        Long
        DBT
        CORP
        LU
        
        N
        
        2
        
          2032-07-15
          Fixed
          5.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TotalEnergies SE
        529900S21EQ1BO4ESM68
        TotalEnergies SE
        000000000
        
          
        
        22805.00000000
        NS
        
        1203767.43000000
        1.865317370417
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        Marlette Funding Trust
        N/A
        Marlette Funding Trust 2021-2
        57108T107
        
          
        
        1150.00000000
        PA
        USD
        240855.88000000
        0.373222140368
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2031-09-15
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac - SCRT
        N/A
        Seasoned Credit Risk Transfer Trust Series 2019-1
        35563PJF7
        
          
        
        55235.87000000
        PA
        USD
        54669.25000000
        0.084713624169
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2058-07-25
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OWL ROCK TECHNOLOGY FINA
        254900G5EZJSOD3UKL16
        Owl Rock Technology Finance Corp
        691205AG3
        
          
        
        168000.00000000
        PA
        USD
        142855.44000000
        0.221363967033
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-15
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CAZ4
        
          
        
        610000.00000000
        PA
        USD
        557101.56000000
        0.863265769663
        Long
        DBT
        UST
        US
        N
        
        1
        
          2025-11-30
          Fixed
          0.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Microsoft Corp
        INR2EJN1ERAN0W5ZP974
        Microsoft Corp
        594918104
        
          
        
        4985.00000000
        NS
        USD
        1280297.55000000
        1.983905860717
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Enel SpA
        WOCMU6HCI0OJWNPRZS33
        Enel SpA
        000000000
        
          
        
        112327.00000000
        NS
        
        614462.28000000
        0.952150004880
        Long
        EC
        CORP
        IT
        N
        
        1
        
          N
          N
          N
        
      
      
        Freddie Mac Whole Loan Securities Trust
        N/A
        Freddie Mac Whole Loan Securities Trust 2017-SC02
        3137G1BS5
        
          
        
        78255.66000000
        PA
        USD
        74723.11000000
        0.115788408608
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2047-05-25
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Navient Student Loan Trust
        549300YZ4ZMNDBNO4U12
        Navient Private Education Loan Trust 2015-A
        63939EAC7
        
          
        
        188467.26000000
        PA
        USD
        188294.67000000
        0.291775063816
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2028-12-15
          Floating
          2.52000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Thornburg Capital Management Fund
        549300GLR0WG6ALV5277
        Thornburg Capital Management Fund
        885216739
        
          
        
        358345.31500000
        NS
        USD
        3583453.15000000
        5.552798024092
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SA GLOBAL SUKUK LTD
        5493007DFAVKU7UOGR47
        SA Global Sukuk Ltd
        78397PAA9
        
          
        
        300000.00000000
        PA
        USD
        283209.00000000
        0.438851105282
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2024-06-17
          Fixed
          0.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Inflation Indexed Bonds
        912810FD5
        
          
        
        162631.56000000
        PA
        USD
        189860.96000000
        0.294202133922
        Long
        DBT
        UST
        US
        N
        
        1
        
          2028-04-15
          Fixed
          3.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        IMPERIAL FUND LLC
        N/A
        Imperial Fund Mortgage Trust 2021-NQM2
        452761AA7
        
          
        
        254521.91000000
        PA
        USD
        221164.86000000
        0.342709600544
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2056-09-25
          Variable
          1.07000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mosaic Solar Loans LLC
        N/A
        Mosaic Solar Loan Trust 2021-2
        61946RAE9
        
          
        
        1150000.00000000
        PA
        USD
        250355.00000000
        0.387941656031
        Long
        ABS-O
        CORP
        US
        N
        
        3
        
          2047-04-22
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ACC Auto Trust
        N/A
        ACC Auto Trust 2022-A
        00085YAA1
        
          
        
        464034.62000000
        PA
        USD
        459774.23000000
        0.712450624859
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2026-07-15
          Fixed
          4.58000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CDJ7
        
          
        
        2100000.00000000
        PA
        USD
        1821421.88000000
        2.822413854162
        Long
        DBT
        UST
        US
        N
        
        1
        
          2031-11-15
          Fixed
          1.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MFRA Trust
        N/A
        MFRA Trust
        552758AA2
        
          
        
        338897.84000000
        PA
        USD
        326934.24000000
        0.506606261025
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2056-09-25
          Variable
          3.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CPS Auto Trust
        N/A
        CPS Auto Receivables Trust 2022-A
        12659WAA6
        
          
        
        290836.10000000
        PA
        USD
        285931.81000000
        0.443070279736
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2029-04-16
          Fixed
          0.98000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nestle SA
        KY37LUS27QQX7BB93L28
        Nestle SA
        000000000
        
          
        
        5694.00000000
        NS
        
        664682.72000000
        1.029969903266
        Long
        EC
        CORP
        CH
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Keyence Corp
        529900M7PQBS7A89DZ11
        Keyence Corp
        000000000
        
          
        
        1100.00000000
        NS
        
        376017.10000000
        0.582663403846
        Long
        EC
        CORP
        JP
        N
        
        1
        
          N
          N
          N
        
      
      
        Citigroup Mortgage Loan Trust Inc
        N/A
        CITIGROUP MORTGAGE LOAN TRUST 2021-J1
        17329EBZ9
        
          
        
        100000.00000000
        PA
        USD
        23841.17000000
        0.036943472155
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-04-25
          Variable
          2.61000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Inflation Indexed Bonds
        912828Z37
        
          
        
        674094.00000000
        PA
        USD
        643087.79000000
        0.996507128781
        Long
        DBT
        UST
        US
        N
        
        1
        
          2030-01-15
          Fixed
          0.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Vector Group Ltd
        549300TUIF4WWN6NDN50
        Vector Group Ltd
        92240MBJ6
        
          
        
        251000.00000000
        PA
        USD
        236851.13000000
        0.367016514969
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-01
          Fixed
          10.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GM Financial Automobile Leasing Trust
        N/A
        GM Financial Automobile Leasing Trust 2021-3
        36262XAB0
        
          
        
        387499.66000000
        PA
        USD
        384305.60000000
        0.595506983627
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2023-12-20
          Fixed
          0.24000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nomura Research Institute Ltd
        5299005F1HCVF4M4QN79
        Nomura Research Institute Ltd
        000000000
        
          
        
        17400.00000000
        NS
        
        462956.96000000
        0.717382475818
        Long
        EC
        CORP
        JP
        N
        
        1
        
          N
          N
          N
        
      
      
        Morgan Stanley BAML Trust
        549300P1YQ48837ZOI22
        Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10
        61762MBU4
        
          
        
        75376.19000000
        PA
        USD
        75480.24000000
        0.116961631695
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2046-07-15
          Variable
          3.91000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup Mortgage Loan Trust Inc
        N/A
        CITIGROUP MORTGAGE LOAN TRUST 2021-J1
        17329EBC0
        
          
        
        12299009.96000000
        PA
        USD
        61335.16000000
        0.095042893264
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-04-25
          Variable
          0.11000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AstraZeneca PLC
        PY6ZZQWO2IZFZC3IOL08
        AstraZeneca PLC
        000000000
        
          
        
        4845.00000000
        NS
        
        636964.54000000
        0.987018747302
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        AXIS Equipment Finance Receivables LLC
        549300INEWFFGID70G60
        Amur Equipment Finance Receivables IX LLC
        03237KAG9
        
          
        
        600000.00000000
        PA
        USD
        550781.16000000
        0.853471891199
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2029-02-20
          Fixed
          6.09000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mastercard Inc
        AR5L2ODV9HN37376R084
        Mastercard Inc
        57636Q104
        
          
        
        1958.00000000
        NS
        USD
        617709.84000000
        0.957182314219
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Broadcom Inc
        549300WV6GIDOZJTV909
        Broadcom Inc
        11135F101
        
          
        
        831.00000000
        NS
        USD
        403708.11000000
        0.625572458096
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AXIS Equipment Finance Receivables LLC
        549300K5Y88MV8B4M421
        Amur Equipment Finance Receivables X LLC
        03236VAA9
        
          
        
        16786.18000000
        PA
        USD
        16763.96000000
        0.025976866465
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2023-01-20
          Fixed
          0.34000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Volkswagen Auto Lease Trust
        N/A
        Volkswagen Auto Lease Trust 2020-A
        92868VAC3
        
          
        
        700000.00000000
        PA
        USD
        693944.89000000
        1.075313574009
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-01-22
          Fixed
          0.39000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ECAF LTD
        635400SSRNQERTYCWK57
        ECAF I Ltd
        26827EAC9
        
          
        
        177970.54000000
        PA
        USD
        110788.80000000
        0.171674584257
        Long
        ABS-O
        CORP
        KY
        
        N
        
        2
        
          2040-06-15
          Fixed
          4.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Deutsche Telekom AG
        549300V9QSIG4WX4GJ96
        Deutsche Telekom AG
        000000000
        
          
        
        26746.00000000
        NS
        
        531027.41000000
        0.822862147084
        Long
        EC
        CORP
        DE
        N
        
        1
        
          N
          N
          N
        
      
      
        Home Depot Inc/The
        QEKMOTMBBKA8I816DO57
        Home Depot Inc/The
        437076102
        
          
        
        2406.00000000
        NS
        USD
        659893.62000000
        1.022548875585
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        912828V23
        
          
        
        1400000.00000000
        PA
        USD
        1384906.25000000
        2.146003970654
        Long
        DBT
        UST
        US
        N
        
        1
        
          2023-12-31
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup Mortgage Loan Trust Inc
        N/A
        CITIGROUP MORTGAGE LOAN TRUST 2021-J1
        17329EBX4
        
          
        
        100000.00000000
        PA
        USD
        40195.80000000
        0.062286054672
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-04-25
          Variable
          2.61000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sierra Receivables Funding Co LLC
        N/A
        Sierra Timeshare 2019-1 Receivables Funding LLC
        82653EAA5
        
          
        
        21080.32000000
        PA
        USD
        20716.61000000
        0.032101759464
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2036-01-20
          Fixed
          3.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Aqua Finance Trust
        N/A
        Aqua Finance Trust 2019-A
        038370AB8
        
          
        
        200000.00000000
        PA
        USD
        190986.57000000
        0.295946341177
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2040-07-16
          Fixed
          3.47000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Canadian Pacific Railway Ltd
        N/A
        Canadian Pacific Railway Ltd
        13645T100
        
          
        
        7195.00000000
        NS
        USD
        502498.80000000
        0.778655176152
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        JD.com Inc
        549300HVTWB0GJZ16V92
        JD.com Inc
        000000000
        
          
        
        17100.00000000
        NS
        
        550909.93000000
        0.853671428844
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        LendingPoint Asset Securitization Trust
        N/A
        Lendingpoint 2021-A Asset Securitization Trust
        52607FAA2
        
          
        
        93319.61000000
        PA
        USD
        92684.06000000
        0.143620090368
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2028-12-15
          Fixed
          1.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Angel Oak Mortgage Trust
        N/A
        Angel Oak Mortgage Trust I LLC 2019-2
        03463WAA1
        
          
        
        5411.79000000
        PA
        USD
        5411.79000000
        0.008385927082
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2049-03-25
          Variable
          3.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OWL ROCK TECHNOLOGY FINA
        254900G5EZJSOD3UKL16
        Owl Rock Technology Finance Corp
        691205AC2
        
          
        
        11000.00000000
        PA
        USD
        10404.90000000
        0.016123081771
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-12-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ashtead Group PLC
        2138007UTBN8X9K1A235
        Ashtead Group PLC
        000000000
        
          
        
        10732.00000000
        NS
        
        449273.25000000
        0.696178660763
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        JP Morgan Chase Commercial Mortgage Sec Trust
        N/A
        JP Morgan Chase Commercial Mortgage Securities Trust 2012-HSBC
        46637YAA7
        
          
        
        238341.68000000
        PA
        USD
        238357.81000000
        0.369351215431
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2032-07-05
          Fixed
          3.09000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Residential Mortgage Loan Trust
        N/A
        New Residential Mortgage Loan Trust 2022-NQM3
        64831QAA1
        
          
        
        393862.55000000
        PA
        USD
        388886.86000000
        0.602605949460
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2062-04-25
          Variable
          3.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Oil Fund LP
        ZR7XWIN3GSRDDWZ9V446
        United States Oil Fund LP
        91232N207
        
          
        
        5819.00000000
        NS
        USD
        467556.65000000
        0.724510000157
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Converge Information and Communications Technology Solutions Inc
        254900CGJPNECN6ENN96
        Converge Information and Communications Technology Solutions Inc
        000000000
        
          
        
        561400.00000000
        NS
        
        215942.71000000
        0.334617533204
        Long
        EC
        CORP
        PH
        N
        
        1
        
          N
          N
          N
        
      
      
        LyondellBasell Industries NV
        BN6WCCZ8OVP3ITUUVN49
        LyondellBasell Industries NV
        000000000
        
          
        
        5176.00000000
        NS
        USD
        452692.96000000
        0.701477727930
        Long
        EC
        CORP
        NL
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Tenet Healthcare Corp
        0W9AIBT6U6ADJ2I8HK17
        Tenet Healthcare Corp
        88033GCS7
        
          
        
        500000.00000000
        PA
        USD
        480405.00000000
        0.744419369558
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-07-15
          Fixed
          4.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CCO HLDGS LLC/CAP CORP
        N/A
        CCO Holdings LLC / CCO Holdings Capital Corp
        1248EPCK7
        
          
        
        500000.00000000
        PA
        USD
        410595.00000000
        0.636244150339
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-02-01
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Aqua Finance Trust
        N/A
        Aqua Finance Trust 2019-A
        038370AA0
        
          
        
        22604.14000000
        PA
        USD
        21879.19000000
        0.033903254183
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2040-07-16
          Fixed
          3.14000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mission Lane Credit Card Master Trust
        N/A
        Mission Lane Credit Card Master Trust
        60510MAA6
        
          
        
        450000.00000000
        PA
        USD
        433363.19000000
        0.671524968910
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2026-09-15
          Fixed
          1.59000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Petroleo Brasileiro SA
        5493000J801JZRCMFE49
        Petroleo Brasileiro SA
        71654V408
        
          
        
        16828.00000000
        NS
        USD
        196551.04000000
        0.304568856033
        Long
        EC
        CORP
        BR
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco DB Agriculture Fund
        549300CW37D800HX4P40
        Invesco DB Agriculture Fund
        46140H106
        
          
        
        25677.00000000
        NS
        USD
        523297.26000000
        0.810883767614
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NN Group NV
        724500OHYNDT9OY6Q215
        NN Group NV
        000000000
        
          
        
        18521.00000000
        NS
        
        841189.61000000
        1.303479021148
        Long
        EC
        CORP
        NL
        N
        
        1
        
          N
          N
          N
        
      
      
        SMB Private Education Loan Trust
        N/A
        SMB Private Education Loan Trust
        78449XAA0
        
          
        
        166229.57000000
        PA
        USD
        152084.78000000
        0.235665440715
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2053-07-15
          Fixed
          1.29000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        912828ZN3
        
          
        
        1000000.00000000
        PA
        USD
        885000.00000000
        1.371366122456
        Long
        DBT
        UST
        US
        N
        
        1
        
          2027-04-30
          Fixed
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMM Mortgage Trust
        N/A
        COMM 2015-LC23 Mortgage Trust
        12636FBG7
        
          
        
        394266.81000000
        PA
        USD
        390105.87000000
        0.604494886202
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2048-10-10
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LendingPoint Pass-Through Trust
        N/A
        LendingPoint Pass-Through Trust Series 2022-ST1
        52607NAA5
        
          
        
        258472.73000000
        PA
        USD
        248506.12000000
        0.385076694001
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2028-03-15
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Otis Worldwide Corp
        549300ZLBKR8VSU25153
        Otis Worldwide Corp
        68902V107
        
          
        
        7284.00000000
        NS
        USD
        514760.28000000
        0.797655151614
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        New Residential AP Advance Receivables Trust
        N/A
        New Residential Advance Receivables Trust Advance Receivables Backed Notes
        64831JAA7
        
          
        
        400000.00000000
        PA
        USD
        392477.48000000
        0.608169852993
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2052-12-16
          Fixed
          1.03000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Regions Financial Corp
        CW05CS5KW59QTC0DG824
        Regions Financial Corp
        7591EP100
        
          
        
        25180.00000000
        NS
        USD
        472125.00000000
        0.731588961090
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SPDR Gold Shares
        549300SMREV46EHBHL79
        SPDR Gold Shares
        78463V107
        
          
        
        7233.00000000
        NS
        USD
        1218471.18000000
        1.888101805019
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Citigroup Mortgage Loan Trust Inc
        N/A
        CITIGROUP MORTGAGE LOAN TRUST 2021-J1
        17329EBY2
        
          
        
        100000.00000000
        PA
        USD
        36465.76000000
        0.056506110614
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-04-25
          Variable
          2.61000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Apple Inc
        HWUPKR0MPOU8FGXBT394
        Apple Inc
        037833100
        
          
        
        6672.00000000
        NS
        USD
        912195.84000000
        1.413507877991
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Nintendo Co Ltd
        353800FEEXU6I9M0ZF27
        Nintendo Co Ltd
        000000000
        
          
        
        900.00000000
        NS
        
        389239.39000000
        0.603152218047
        Long
        EC
        CORP
        JP
        N
        
        1
        
          N
          N
          N
        
      
      
        Diamond Resorts Owner Trust
        N/A
        Diamond Resorts Owner Trust 2018-1
        252724AA7
        
          
        
        17881.05000000
        PA
        USD
        17809.40000000
        0.027596844995
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2031-01-21
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GCAT
        N/A
        GCAT 2021-CM2 Trust
        36167AAA8
        
          
        
        287748.25000000
        PA
        USD
        275786.64000000
        0.427349666804
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2066-08-25
          Variable
          2.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CEP2
        
          
        
        1000000.00000000
        PA
        USD
        988906.25000000
        1.532375739588
        Long
        DBT
        UST
        US
        N
        
        1
        
          2032-05-15
          Fixed
          2.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Taiwan Semiconductor Manufacturing Co Ltd
        549300KB6NK5SBD14S87
        Taiwan Semiconductor Manufacturing Co Ltd
        874039100
        
          
        
        9686.00000000
        NS
        USD
        791830.50000000
        1.226993810653
        Long
        EC
        CORP
        TW
        N
        
        1
        
          N
          N
          N
        
      
      
        MercadoLibre Inc
        549300DKPDN9M5S8GB14
        MercadoLibre Inc
        58733R102
        
          
        
        506.00000000
        NS
        USD
        322256.22000000
        0.499357359162
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Morgan Stanley & Co. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -9129.28000000
        -0.01414642408
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              Morgan Stanley & Co. LLC
              9R7GPTSO7KV3UQJZQ078
            
            464434.68000000
            USD
            433820.00000000
            EUR
            2022-07-28
            -9129.28000000
          
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CDY4
        
          
        
        544000.00000000
        PA
        USD
        492830.00000000
        0.763672730090
        Long
        DBT
        UST
        US
        N
        
        1
        
          2032-02-15
          Fixed
          1.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        912828ZQ6
        
          
        
        250000.00000000
        PA
        USD
        208476.56000000
        0.323048239220
        Long
        DBT
        UST
        US
        N
        
        1
        
          2030-05-15
          Fixed
          0.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HYUNDAI CAPITAL AMERICA
        549300RIPPWJB5Z0FK07
        Hyundai Capital America
        44891ABV8
        
          
        
        300000.00000000
        PA
        USD
        280608.00000000
        0.434820683491
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-06-14
          Fixed
          0.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CPS Auto Trust
        N/A
        CPS Auto Receivables Trust 2021-A
        12656NAC5
        
          
        
        290274.10000000
        PA
        USD
        289332.05000000
        0.448339176848
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-02-18
          Fixed
          0.61000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EZCORP INC
        5493003K6PG3ZQ7TUQ63
        EZCORP Inc
        302301AE6
        
          
        
        230000.00000000
        PA
        USD
        202968.10000000
        0.314512515570
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-05-01
          Fixed
          2.38000000
          N
          N
          N
          N
          Y
          
            
              EZCORP Inc
              EZCORP, Inc.
              USD
              
                
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        Wyndham Hotels & Resorts Inc
        549300FE3MQ4RVXXC673
        Wyndham Hotels & Resorts Inc
        98311A105
        
          
        
        8002.00000000
        NS
        USD
        525891.44000000
        0.814903621362
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Booking Holdings Inc
        FXM8FAOHMYDIPD38UZ17
        Booking Holdings Inc
        09857L108
        
          
        
        236.00000000
        NS
        USD
        412761.64000000
        0.639601502537
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Merck & Co Inc
        4YV9Y5M8S0BRK1RP0397
        Merck & Co Inc
        58933Y105
        
          
        
        12752.00000000
        NS
        USD
        1162599.84000000
        1.801525462768
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Chesapeake Energy Corp
        X2MT1W32SPAZ9WSKLE78
        Chesapeake Energy Corp
        165167735
        
          
        
        7874.00000000
        NS
        USD
        638581.40000000
        0.989524178973
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co
        46625H100
        
          
        
        5420.00000000
        NS
        USD
        610346.20000000
        0.945771866271
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Amazon.com Inc
        ZXTILKJKG63JELOEG630
        Amazon.com Inc
        023135106
        
          
        
        6066.00000000
        NS
        USD
        644269.86000000
        0.998338824546
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Citigroup Mortgage Loan Trust Inc
        N/A
        CITIGROUP MORTGAGE LOAN TRUST 2021-J1
        17329ECA3
        
          
        
        17657306.39000000
        PA
        USD
        222683.35000000
        0.345062601384
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-04-25
          Variable
          0.23000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMPASS MINERALS INTERNA
        2549008X9G8XP7YJGC47
        Compass Minerals International Inc
        20451NAG6
        
          
        
        500000.00000000
        PA
        USD
        452710.00000000
        0.701504132539
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-12-01
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Foundation Finance Trust
        5493002KPTN6JUQ40J20
        Foundation Finance Trust 2019-1
        35041JAA3
        
          
        
        46865.99000000
        PA
        USD
        46299.40000000
        0.071743987175
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2034-11-15
          Fixed
          3.86000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CCB5
        
          
        
        200000.00000000
        PA
        USD
        178687.50000000
        0.276888117521
        Long
        DBT
        UST
        US
        N
        
        1
        
          2031-05-15
          Fixed
          1.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Inflation Indexed Bonds
        912828ZZ6
        
          
        
        1014660.00000000
        PA
        USD
        967228.92000000
        1.498785280845
        Long
        DBT
        UST
        US
        N
        
        1
        
          2030-07-15
          Fixed
          0.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fair Isaac Corp
        RI6HET5SJUEY30V1PS26
        Fair Isaac Corp
        303250104
        
          
        
        1877.00000000
        NS
        USD
        752489.30000000
        1.166032015289
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Morgan Stanley & Co. LLC
        9R7GPTSO7KV3UQJZQ078
        PURCHASED EUR / SOLD USD
        000000000
        
          
        
        1.00000000
        NC
        
        -8393.04000000
        -0.01300557143
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              Morgan Stanley & Co. LLC
              9R7GPTSO7KV3UQJZQ078
            
            701080.25000000
            USD
            660000.00000000
            EUR
            2022-07-28
            -8393.04000000
          
        
        
          N
          N
          N
        
      
      
        SBI Cards & Payment Services Ltd
        335800HN4Y9OTCFH4236
        SBI Cards & Payment Services Ltd
        000000000
        
          
        
        32326.00000000
        NS
        
        312586.66000000
        0.484373735430
        Long
        EC
        CORP
        IN
        N
        
        1
        
          N
          N
          N
        
      
      
        Mercedes-Benz Group AG
        529900R27DL06UVNT076
        Mercedes-Benz Group AG
        000000000
        
          
        
        7450.00000000
        NS
        
        431115.10000000
        0.668041404541
        Long
        EC
        CORP
        DE
        N
        
        1
        
          N
          N
          N
        
      
      
        Capital One Financial Corp
        ZUE8T73ROZOF6FLBAR73
        Capital One Financial Corp
        14040H105
        
          
        
        12114.00000000
        NS
        USD
        1262157.66000000
        1.955796899574
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco DB Base Metals Fund
        549300I8WTPB4O7RVF32
        Invesco DB Base Metals Fund
        46140H700
        
          
        
        40742.00000000
        NS
        USD
        791209.64000000
        1.226031746957
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-07-25
      THORNBURG INVESTMENT TRUST
      Christopher Luckham
      Christopher Luckham
      Manager - Fund Admin
    
  
  XXXX

SCHEDULE OF INVESTMENTS

Thornburg Summit Fund

June 30, 2022 (Unaudited)

	Issuer-Description	SHARES/ PRINCIPAL AMOUNT	VALUE
	Common Stock — 53.1%
	Automobiles & Components — 0.7%
	Automobiles — 0.7%
	Mercedes-Benz Group AG	7,450	$ 431,115
			431,115
	Banks — 2.9%
	Banks — 2.9%
	BNP Paribas SA	9,717	461,949
	JPMorgan Chase & Co.	5,420	610,346
	Mitsubishi UFJ Financial Group, Inc.	58,900	316,639
	Regions Financial Corp.	25,180	472,125
			1,861,059
	Capital Goods — 2.0%
	Aerospace & Defense — 0.5%
	L3Harris Technologies, Inc.	1,445	349,257
	Machinery — 0.8%
	Otis Worldwide Corp.	7,284	514,760
	Trading Companies & Distributors — 0.7%
	Ashtead Group plc	10,732	449,273
			1,313,290
	Consumer Services — 1.4%
	Hotels, Restaurants & Leisure — 1.4%
^a	Booking Holdings, Inc.	236	412,762
	Wyndham Hotels & Resorts, Inc.	8,002	525,891
			938,653
	Diversified Financials — 4.6%
	Capital Markets — 2.1%
	CME Group, Inc.	2,296	469,991
	Hong Kong Exchanges & Clearing Ltd.	11,900	585,385
^a	XP, Inc. Class A	17,531	314,857
	Consumer Finance — 2.5%
	Capital One Financial Corp.	12,114	1,262,157
	SBI Cards & Payment Services Ltd.	32,326	312,587
			2,944,977
	Energy — 3.2%
	Oil, Gas & Consumable Fuels — 3.2%
	Chesapeake Energy Corp.	7,874	638,581
	Petroleo Brasileiro SA Sponsored ADR	16,828	196,551
	TotalEnergies SE	22,805	1,203,768
			2,038,900
	Food, Beverage & Tobacco — 1.0%
	Food Products — 1.0%
	Nestle SA	5,694	664,683
			664,683
	Household & Personal Products — 0.9%
	Personal Products — 0.9%
	Estee Lauder Cos., Inc. Class A	2,264	576,573
			576,573
	Insurance — 1.3%
	Insurance — 1.3%
	NN Group NV	18,521	841,190
			841,190
	Materials — 2.3%
	Chemicals — 2.3%
	Linde plc	2,142	615,889

SCHEDULE OF INVESTMENTS, Continued

Thornburg Summit Fund

June 30, 2022 (Unaudited)

	Issuer-Description	SHARES/ PRINCIPAL AMOUNT	VALUE
	LyondellBasell Industries NV Class A	5,176	$ 452,693
	PPG Industries, Inc.	3,442	393,559
			1,462,141
	Media & Entertainment — 4.1%
	Entertainment — 0.9%
	Nintendo Co. Ltd.	900	389,239
^a	Sea Ltd. ADR	3,175	212,281
	Interactive Media & Services — 3.2%
^a	Alphabet, Inc. Class A	952	2,074,655
			2,676,175
	Pharmaceuticals, Biotechnology & Life Sciences — 5.7%
	Biotechnology — 0.7%
^a	ChemoCentryx, Inc.	18,154	449,856
	Life Sciences Tools & Services — 1.0%
	Thermo Fisher Scientific, Inc.	1,165	632,921
	Pharmaceuticals — 4.0%
	AstraZeneca plc	4,845	636,964
	Merck & Co., Inc.	12,752	1,162,600
	Roche Holding AG	2,373	791,829
			3,674,170
	Retailing — 3.9%
	Internet & Direct Marketing Retail — 2.4%
^a	Amazon.com, Inc.	6,066	644,270
	JD.com, Inc. Class A	17,100	550,910
^a	MercadoLibre, Inc.	506	322,256
	Multiline Retail — 0.5%
	Dollar General Corp.	1,382	339,198
	Specialty Retail — 1.0%
	Home Depot, Inc.	2,406	659,894
			2,516,528
	Semiconductors & Semiconductor Equipment — 3.0%
	Semiconductors & Semiconductor Equipment — 3.0%
	ASML Holding NV	1,515	723,728
	Broadcom, Inc.	831	403,708
	Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR	9,686	791,830
			1,919,266
	Software & Services — 7.1%
	Information Technology Services — 2.7%
	Mastercard, Inc. Class A	1,958	617,710
	Nomura Research Institute Ltd.	17,400	462,957
	Visa, Inc. Class A	3,322	654,068
	Software — 4.4%
^a	Fair Isaac Corp.	1,877	752,489
	Microsoft Corp.	4,985	1,280,298
	SAP SE	8,873	808,315
			4,575,837
	Technology Hardware & Equipment — 4.3%
	Communications Equipment — 1.1%
	Cisco Systems, Inc.	17,017	725,605
	Electronic Equipment, Instruments & Components — 0.6%
	Keyence Corp.	1,100	376,017
	Technology Hardware, Storage & Peripherals — 2.6%
	Apple, Inc.	6,672	912,196
	Samsung Electronics Co. Ltd.	17,903	785,945
			2,799,763
	Telecommunication Services — 3.0%

SCHEDULE OF INVESTMENTS, Continued

Thornburg Summit Fund

June 30, 2022 (Unaudited)

	Issuer-Description	SHARES/ PRINCIPAL AMOUNT	VALUE
	Diversified Telecommunication Services — 3.0%
^a	Converge ICT Solutions, Inc.	561,400	$ 215,943
	Deutsche Telekom AG	26,746	531,027
	Orange SA	99,233	1,166,782
			1,913,752
	Transportation — 0.8%
	Road & Rail — 0.8%
	Canadian Pacific Railway Ltd.	7,195	502,499
			502,499
	Utilities — 0.9%
	Electric Utilities — 0.9%
	Enel SpA	112,327	614,462
			614,462
	Total Common Stock (Cost $35,616,445)		34,265,033
	Asset Backed Securities — 11.3%
	Auto Receivables — 3.9%
^b	ACC Auto Trust, Series 2022-A Class A, 4.58% due 7/15/2026	$ 464,035	459,774
^b	ACM Auto Trust, Series 2022-1A Class A, 3.23% due 4/20/2029	392,245	390,918
	CPS Auto Receivables Trust,
^b	Series 2021-A Class B, 0.61% due 2/18/2025	290,274	289,332
^b	Series 2022-A Class A, 0.98% due 4/16/2029	290,836	285,932
	GM Financial Automobile Leasing Trust, Series 2021-3 Class A2, 0.24% due 12/20/2023	387,500	384,305
^c	Volkswagen Auto Lease Trust, Series 2020-A Class A3, 0.39% due 1/22/2024	700,000	693,945
			2,504,206
	Credit Card — 0.7%
^b	Mission Lane Credit Card Master Trust, Series 2021-A Class A, 1.59% due 9/15/2026	450,000	433,363
			433,363
	Other Asset Backed — 6.2%
^b	Amur Equipment Finance Receivables X LLC, Series 2022-1A Class A1, 0.335% due 1/20/2023	16,786	16,764
	Aqua Finance Trust,
^b	Series 2019-A Class A, 3.14% due 7/16/2040	22,604	21,879
^b	Series 2019-A Class B, 3.47% due 7/16/2040	200,000	190,987
^b,c	AXIS Equipment Finance Receivables LLC, Series 2021-1A Class F, 6.09% due 2/20/2029	600,000	550,781
^b	Diamond Resorts Owner Trust, Series 2018-1 Class A, 3.70% due 1/21/2031	17,881	17,809
^b,d	ECAF I Ltd., Series 2015-1A Class A2, 4.947% due 6/15/2040	177,970	110,789
^b	Foundation Finance Trust, Series 2019-1A Class A, 3.86% due 11/15/2034	46,866	46,299
^b,e	Freed ABS Trust, Series 2022-3FP Class A, 4.50% due 8/20/2029	500,000	499,990
^b,f	Goldman Home Improvement Trust Series 2021-GRN2 Class R, due 6/20/2051	2,000	148,377
^b	LendingPoint Asset Securitization Trust, Series 2021-A Class A, 1.00% due 12/15/2028	93,320	92,684
^b	LendingPoint Pass-Through Trust, Series 2022-ST1 Class A, 2.50% due 3/15/2028	258,473	248,506
	Marlette Funding Trust,
^b	Series 2021-1A Class R, 0.01% due 6/16/2031	1,200	220,593
^b	Series 2021-2A Class R, 0.01% due 9/15/2031	1,150	240,856
^b,f	Mosaic Solar Loan Trust, Series 2021-2A Class R, 0.01% due 4/22/2047	1,150,000	250,355
^b	New Residential Advance Receivables Trust Advance Receivables Backed, Series 2020-T1 Class DT1, 3.011% due 8/15/2053	250,000	240,229
^b	New Residential Advance Receivables Trust Advance Receivables Backed Notes, Series 2020-APT1 Class AT1, 1.035% due 12/16/2052	400,000	392,478
^b,g	SBA Tower Trust, Series 2014-2A Class C, 3.869% due 10/15/2049	30,000	29,523
^b	Sierra Timeshare Receivables Funding LLC, Series 2019-1A Class A, 3.20% due 1/20/2036	21,080	20,717
^b	SoFi Consumer Loan Program Trust, Series 2018-3 Class C, 4.67% due 8/25/2027	88,521	88,535
	Upstart Pass-Through Trust,
^b	Series 2021-ST4 Class CERT, 0.01% due 7/20/2027	500,000	283,390
^b	Series 2021-ST7 Class A, 1.85% due 9/20/2029	342,132	324,843
			4,036,384
	Student Loan — 0.5%
^b,g	Navient Private Education Loan Trust, Series 2015-AA Class A2B, 2.524% (LIBOR 1 Month + 1.20%) due 12/15/2028	188,467	188,295
^b	SMB Private Education Loan Trust, Series 2020-B Class A1A, 1.29% due 7/15/2053	166,230	152,085
			340,380
	Total Asset Backed Securities (Cost $7,988,317)		7,314,333

SCHEDULE OF INVESTMENTS, Continued

Thornburg Summit Fund

June 30, 2022 (Unaudited)

	Issuer-Description	SHARES/ PRINCIPAL AMOUNT	VALUE
	Corporate Bonds — 4.6%
	Automobiles & Components — 0.4%
	Automobiles — 0.4%
^b	Hyundai Capital America, 0.875% due 6/14/2024	$ 300,000	$ 280,608
			280,608
	Diversified Financials — 0.2%
	Capital Markets — 0.2%
	Owl Rock Technology Finance Corp.,
	2.50% due 1/15/2027	168,000	142,855
^b	4.75% due 12/15/2025	11,000	10,405
			153,260
	Energy — 0.4%
	Oil, Gas & Consumable Fuels — 0.4%
^b,d	SA Global Sukuk Ltd., 0.946% due 6/17/2024	300,000	283,209
			283,209
	Food, Beverage & Tobacco — 0.4%
	Tobacco — 0.4%
^b	Vector Group Ltd., 10.50% due 11/1/2026	251,000	236,851
			236,851
	Health Care Equipment & Services — 0.8%
	Health Care Providers & Services — 0.8%
	Tenet Healthcare Corp., 4.625% due 7/15/2024	500,000	480,405
			480,405
	Insurance — 0.6%
	Insurance — 0.6%
^d,e	Pentair Finance Sarl, 5.90% due 7/15/2032	400,000	400,248
			400,248
	Materials — 0.7%
	Metals & Mining — 0.7%
^b	Compass Minerals International, Inc., 6.75% due 12/1/2027	500,000	452,711
			452,711
	Media & Entertainment — 0.6%
	Media — 0.6%
^b	CCO Holdings LLC/CCO Holdings Capital Corp., 4.25% due 2/1/2031	500,000	410,595
			410,595
	Real Estate — 0.1%
	Equity Real Estate Investment Trusts — 0.1%
	Service Properties Trust, 4.95% due 2/15/2027	40,000	29,448
			29,448
	Technology Hardware & Equipment — 0.4%
	Technology Hardware, Storage & Peripherals — 0.4%
	Dell International LLC/EMC Corp., 4.90% due 10/1/2026	250,000	250,193
			250,193
	Total Corporate Bonds (Cost $3,109,435)		2,977,528
	Convertible Bonds — 0.3%
	Diversified Financials — 0.3%
	Diversified Financial Services — 0.3%
	EZCORP, Inc., 2.375% due 5/1/2025	230,000	202,968
			202,968
	Total Convertible Bonds (Cost $195,752)		202,968
	U.S. Treasury Securities — 15.8%

SCHEDULE OF INVESTMENTS, Continued

Thornburg Summit Fund

June 30, 2022 (Unaudited)

	Issuer-Description	SHARES/ PRINCIPAL AMOUNT	VALUE
	United States Treasury Inflation Indexed Bonds, 0.125%, 7/15/2031	$ 215,696	$ 205,113
	United States Treasury Notes,
	0.125%, 2/15/2024	800,000	764,250
	0.375%, 11/30/2025	610,000	557,101
	0.50%, 4/30/2027	1,000,000	885,000
	0.625%, 5/15/2030	250,000	208,477
	1.25%, 8/15/2031	550,000	473,430
	1.375%, 11/15/2031	2,100,000	1,821,422
	1.625%, 5/15/2031	200,000	178,687
	1.875%, 2/15/2032	544,000	492,830
	2.25%, 12/31/2023	1,400,000	1,384,906
	2.875%, 5/15/2032	1,000,000	988,906
	United States Treasury Notes Inflationary Index,
	0.125%, 1/15/2030 - 7/15/2030	1,688,754	1,610,317
	0.25%, 2/15/2050	562,155	442,616
	3.625%, 4/15/2028	162,632	189,861
	Total U.S. Treasury Securities (Cost $10,991,324)		10,202,916
	Mortgage Backed — 5.9%
^b,g	Angel Oak Mortgage Trust I LLC, Whole Loan Securities Trust CMO, Series 2019-2 Class A1, 3.628% due 3/25/2049	5,412	5,412
^b,g	Arroyo Mortgage Trust, Whole Loan Securities Trust CMO, Series 2019-1 Class A1, 3.805% due 1/25/2049	52,888	51,493
	Citigroup Mortgage Loan Trust, Whole Loan Securities Trust CMO,
^b,g,h	Series 2021-J1 Class A5IX, 0.111% due 4/25/2051	12,299,010	61,335
^b,g,h	Series 2021-J1 Class AIOS, 0.23% due 4/25/2051	17,657,306	222,683
^b,g	Series 2021-J1 Class B4, 2.611% due 4/25/2051	100,000	40,196
^b,g	Series 2021-J1 Class B5, 2.611% due 4/25/2051	100,000	36,466
^b,g	Series 2021-J1 Class B6, 2.611% due 4/25/2051	100,000	23,841
	COMM Mortgage Trust, CMBS, Series 2015-LC23 Class ASB, 3.598% due 10/10/2048	394,267	390,106
^b,g	Ellington Financial Mortgage Trust, Whole Loan Securities Trust CMO, Series 2022-1 Class A1, 2.206% due 1/25/2067	280,563	244,387
	Federal Home Loan Mtg Corp., Seasoned Credit Risk Transfer, Whole Loan Securities Trust CMO, Series 2019-1 Class MA, 3.50% due 7/25/2058	55,236	54,669
	Federal Home Loan Mtg Corp., Whole Loan Securities Trust CMO, Series 2017-SC02 Class 1A, 3.00% due 5/25/2047	78,256	74,723
^b,g	Flagstar Mortgage Trust, Whole Loan Securities Trust CMO, Series 2019-2 Class B3, 4.038% due 12/25/2049	118,440	108,540
^b,g	GCAT Trust, Whole Loan Securities Trust CMO, Series 2021-CM2 Class A1, 2.352% due 8/25/2066	287,748	275,787
	Imperial Fund Mortgage Trust, Whole Loan Securities Trust CMO,
^b,g	Series 2021-NQM2 Class A1, 1.073% due 9/25/2056	254,522	221,165
^b,g	Series 2021-NQM3 Class A1, 1.595% due 11/25/2056	367,500	312,630
	JPMorgan Chase Commercial Mortgage Securities Trust, CMBS,
^b	Series 2012-HSBC Class A, 3.093% due 7/5/2032	238,342	238,358
	Series 2013-LC11 Class A5, 2.96% due 4/15/2046	425,000	420,984
^b,g	Metlife Securitization Trust, Whole Loan Securities Trust CMO, Series 2019-1A Class A1A, 3.75% due 4/25/2058	62,618	61,951
^b,g	MFRA Trust, Whole Loan Securities Trust CMO, Series 2022-CHM1, 3.875% due 9/25/2056	338,898	326,934
^g	Morgan Stanley Bank of America Merrill Lynch Trust, CMBS, Series 2013-C10 Class ASB, 3.912% due 7/15/2046	75,376	75,480
^b,g	New Residential Mortgage Loan Trust, Whole Loan Securities Trust CMO, Series 2022-NQM3 Class A1, 3.90% due 4/25/2062	393,862	388,887
^b,g	TIAA Bank Mortgage Loan Trust, Whole Loan Securities Trust CMO, Series 2018-2 Class B3, 3.736% due 7/25/2048	165,895	151,394
	Total Mortgage Backed (Cost $3,928,911)		3,787,421
	Exchange-Traded Funds — 4.7%
^a	Invesco DB Agriculture Fund	25,677	523,297
^a	Invesco DB Base Metals Fund	40,742	791,210
^a	SPDR Gold Shares Fund	7,233	1,218,471
^a	United States Oil Fund LP	5,819	467,557
	Total Exchange-Traded Funds (Cost $2,568,925)		3,000,535
	Short-Term Investments — 5.6%
ⁱ	Thornburg Capital Management Fund	358,764	3,587,643
	Total Short-Term Investments (Cost $3,587,643)		3,587,643
	Total Investments — 101.3% (Cost $67,986,752)		$65,338,377
	Liabilities Net of Other Assets — (1.3)%		(823,098)

SCHEDULE OF INVESTMENTS, Continued

Thornburg Summit Fund

June 30, 2022 (Unaudited)

	Issuer-Description	SHARES/ PRINCIPAL AMOUNT	VALUE
	Net Assets — 100.0%		$64,515,279

Outstanding Forward Currency Contracts To Buy Or Sell At June 30, 2022
Contract Description	Contract Party*	Buy/Sell	Contract Amount	Contract Value Date	Value USD	Unrealized Appreciation	Unrealized Depreciation
Euro	MSC	Buy	433,820	7/28/2022	455,305	$ —	$ (9,129)
Euro	MSC	Buy	660,000	7/28/2022	692,687	—	(8,393)
Japanese Yen	MSC	Buy	73,300,000	7/28/2022	540,976	—	(35,929)

Total						—	$(53,451)

Net unrealized appreciation (depreciation)							$(53,451)

*	Counterparty includes Morgan Stanely & Co. Inc. ("MSC").

Footnote Legend
a	Non-income producing.
b	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are restricted but liquid and may only be resold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of June 30, 2022, the aggregate value of these securities in the Fund’s portfolio was $10,681,921, representing 16.56% of the Fund’s net assets.
c	Segregated as collateral for a when-issued security.
d	Yankee bond denominated in U.S. dollars and is issued in the U.S. by foreign banks and corporations.
e	When-issued security.
f	Security currently fair valued by the Valuation and Pricing Committee using procedures approved by the Trustees’ Audit Committee.
g	Variable, floating, step, or fixed to floating rate securities are securities for which interest rate changes are based on changes in a designated base rate or on a predetermined schedule. The rates shown are those in effect on June 30, 2022.
h	Interest only.
i	Investment in Affiliates.

Portfolio Abbreviations
To simplify the listings of securities, abbreviations are used per the table below:

ADR	American Depositary Receipt
CMBS	Commercial Mortgage-Backed Securities
CMO	Collateralized Mortgage Obligation

LIBOR	London Interbank Offered Rates
Mtg	Mortgage

NOTES TO SCHEDULE OF INVESTMENTS

Thornburg Summit Fund

June 30, 2022 (Unaudited)

NOTE 1 – ORGANIZATION

Thornburg Summit Fund (the “Fund”) is a diversified series of Thornburg Investment Trust (the “Trust”). The Trust is organized as a Massachusetts business trust under a Declaration of Trust dated June 3, 1987 and is registered as a diversified, open-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). The Fund is currently one of twenty-one separate series of the Trust. Each series is considered to be a separate entity for financial reporting and tax purposes. The Fund currently offers two classes of shares of beneficial interest: Class A and Institutional Class (“Class I”).

NOTE 2 – SECURITY VALUATION

Valuation of the Fund’s portfolio investment securities is performed in accordance with policies and procedures adopted by and under the oversight of the Trustees.

The Trustees of the Trust have appointed Thornburg Investment Management, Inc., the Trust’s investment advisor (the "Advisor"), to assist the Trustees with obtaining fair market values for portfolio investments, evaluating and monitoring professional pricing service providers appointed by the Trustees’ Audit Committee (the "Audit Committee") to assist in determining fair values for portfolio investments, assisting in calculating fair values for portfolio investments in certain circumstances, and performing other functions in connection with the valuation of investments. The Advisor acts through its Valuation and Pricing Committee (the “Committee”) and other employees of the Advisor. The Committee regularly reviews its own valuation calculations, reviews the valuations, valuation techniques and services furnished by pricing service providers, considers circumstances which may require valuation calculations by the Committee, and reviews previous valuation calculations. The Committee reports to the Audit Committee on the Committee’s activities, the performance of pricing service providers, and other matters relating to valuation of portfolio investments.

In those instances when the Committee assists in calculating a fair value for a portfolio investment, the Committee seeks to determine the price that the Fund would reasonably expect to receive upon a sale of the investment in an orderly transaction between market participants on the valuation date. The Committee customarily utilizes quotations from securities broker dealers in calculating valuations, but also may utilize prices obtained from pricing service providers or other methods approved by the Audit Committee. Because fair values calculated by the Committee are estimates, the calculation of a value for an investment may differ from the price that would be realized by the Fund upon a sale of the investment, and the difference could be material to the Fund’s financial statements. The Committee’s calculation of a fair value for an investment may also differ from the prices obtained by other persons (including other mutual funds) for the investment.

Valuation of Securities: Securities and other portfolio investments which are listed or traded on a United States securities exchange are valued at the last reported sale price on the valuation date. Investments listed or traded on an exchange for which there has been no sale that day are valued at the mean between the last reported bid and asked prices on that valuation date. Portfolio investments reported by NASDAQ are valued at the official closing price on the valuation date. If an investment is traded on more than one exchange, the investment is considered traded on the exchange that is normally the primary market for that investment. Securities and other portfolio investments which are listed or traded on exchanges outside the United States are valued at the last price or the closing price of the investment on the exchange that is normally the primary market for the investment, as of the close of the exchange preceding the Fund’s valuation date. Foreign investments listed or traded on an exchange for which there has been no sale that day are valued at the mean between the last reported bid and asked prices on that valuation date.

In any case when a market quotation is not readily available for a portfolio investment ordinarily valued by market quotation, the Committee calculates a fair value for the investment using alternative methods approved by the Audit Committee. A market quotation is not readily available when the primary market or exchange for the investment is not open for the entire scheduled day of trading. Market quotations for an investment also may not be readily available if developments after the most recent close of the investment’s primary exchange or market, but prior to the close of business on any Fund business day, or an unusual event or significant period of time occurring since the availability of a market quotation, create a serious question concerning the reliability of the most recent market quotation available for the investment. In particular, on days when market volatility thresholds established by the Audit Committee are exceeded, foreign equity investments held by the Fund may be valued using alternative methods. The Committee customarily obtains valuations in these instances from pricing service providers approved by the Audit Committee. Pricing service providers ordinarily calculate valuations using multi-factor models to adjust market prices based upon various inputs, including exchange data, depository receipt prices, futures, index data and other data.

Debt obligations held by the Fund which are not listed or traded on exchanges or for which no reported market exists are ordinarily valued at the valuation obtained from a pricing service provider approved by the Audit Committee.

Investments in open-end U.S. mutual funds are valued at net asset value ("NAV") each business day.

In any case when a pricing service provider fails to provide a valuation for a debt obligation held by the Fund, the Committee calculates a fair value for the obligation using alternative methods under procedures approved by the Audit Committee. Additionally, in cases when management believes that a valuation obtained from a pricing service provider is stale, does not reflect material factors affecting the

NOTES TO SCHEDULE OF INVESTMENTS, Continued

Thornburg Summit Fund

June 30, 2022 (Unaudited)

valuation of the investment, is significantly different than the value the Fund is likely to obtain if it sought a bid for the investment, or is otherwise unreliable, the Committee may calculate a fair value for the obligation using an alternative method approved by the Audit Committee.

Quotations for foreign investments expressed in foreign currency amounts are converted to U.S. dollar equivalents using a foreign exchange quotation from a third party service provider at the time of valuation. Foreign investments held by the Fund may be traded on days and at times when the Fund is not open for business. Consequently, the value of Fund investments may be significantly affected on days when shareholders cannot purchase or sell Fund shares.

NOTE 3 – Investments with Affiliates

Shown below are holdings of voting securities of each portfolio company which is considered "affiliated" to the Fund under the 1940 Act, including companies for which the Fund’s holding represented 5% or more of the company’s voting securities, and a series of the Thornburg Investment Trust in which the Fund invested for cash management purposes during the period:

	Market Value 9/30/21	Purchases at Cost	Sales Proceeds	Realized Gain (Loss)	Change in Unrealized Appr./(Depr.)	Market Value 6/30/22	Dividend Income
Thornburg Capital Mgmt. Fund	$5,946,069	$28,383,030	$(30,741,456)	$-	$-	$3,587,643	$13,888

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