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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_CybersecurityAndOperationalRiskMember_lbl" xml:lang="en-US">Cybersecurity and Operational Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_EquityRiskMember_lbl" xml:lang="en-US">Equity Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_ForeignInvestmentRiskMember_lbl" xml:lang="en-US">Foreign Investment Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_LiquidityRiskMember_lbl" xml:lang="en-US">Liquidity Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_ManagementRiskMember_lbl" xml:lang="en-US">Management Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_MarketAndEconomicRiskMember_lbl" xml:lang="en-US">Market and Economic Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_RisksAffectingSpecificIssuersMember_lbl" xml:lang="en-US">Risks Affecting Specific Issuers [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_S000011850Member" xlink:to="tbit_S000011850Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_S000011850Member_lbl" xml:lang="en-US">Thornburg Focus Growth Fund</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_GrowthCompanyRiskMember" xlink:to="tbit_GrowthCompanyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_GrowthCompanyRiskMember_lbl" xml:lang="en-US">Growth Company Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="tbit-20260327.xsd#tbit_C000272858Member" xlink:label="tbit_C000272858Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_C000272858Member" xlink:to="tbit_C000272858Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_C000272858Member_lbl" xml:lang="en-US">Thornburg American Opportunities Fund - ETF Class</link:label>
      <link:loc xlink:type="locator" xlink:href="tbit-20260327.xsd#tbit_C000272859Member" xlink:label="tbit_C000272859Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_C000272859Member" xlink:to="tbit_C000272859Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_C000272859Member_lbl" xml:lang="en-US">Thornburg Focus Growth Fund - ETF Class</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_C000032364Member_lbl" xml:lang="en-US">Thornburg American Opportunities Fund - Class I</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_C000032377Member_lbl" xml:lang="en-US">Thornburg Focus Growth Fund - Class I</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_Russell3000IndexTotalReturnMember_lbl" xml:lang="en-US">Russell 3000 Index-Total Return (reflects no deduction for fees, expenses, or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="tbit-20260327.xsd#tbit_Russell2500IndexTotalReturnMember" xlink:label="tbit_Russell2500IndexTotalReturnMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_Russell1000IndexTotalReturnMember_lbl" xml:lang="en-US">Russell 1000 Index-Total Return (reflects no deduction for fees, expenses, or taxes)</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="tbit_Russell1000GrowthIndexTotalReturnMember_lbl" xml:lang="en-US">Russell 1000 Growth Index-Total Return (reflects no deduction for fees, expenses, or taxes)</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_S000011846Member" xlink:to="tbit_S000011846Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="tbit_S000011846Member_doc" xml:lang="en-US">Thornburg American Opportunities Fund.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_C000272858Member" xlink:to="tbit_C000272858Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="tbit_C000272858Member_doc" xml:lang="en-US">Thornburg American Opportunities Fund - ETF Class.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="tbit_S000011850Member_doc" xml:lang="en-US">Thornburg Focus Growth Fund.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_C000272859Member" xlink:to="tbit_C000272859Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="tbit_C000272859Member_doc" xml:lang="en-US">Thornburg Focus Growth Fund - ETF Class.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_RisksAffectingSpecificIssuersMember" xlink:to="tbit_RisksAffectingSpecificIssuersMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="tbit_RisksAffectingSpecificIssuersMember_doc" xml:lang="en-US">Risks Affecting Specific Issuers.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_MarketAndEconomicRiskMember" xlink:to="tbit_MarketAndEconomicRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="tbit_MarketAndEconomicRiskMember_doc" xml:lang="en-US">Market and Economic Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_ManagementRiskMember" xlink:to="tbit_ManagementRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="tbit_ManagementRiskMember_doc" xml:lang="en-US">Management Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_LiquidityRiskMember" xlink:to="tbit_LiquidityRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="tbit_LiquidityRiskMember_doc" xml:lang="en-US">Liquidity Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_GrowthCompanyRiskMember" xlink:to="tbit_GrowthCompanyRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="tbit_GrowthCompanyRiskMember_doc" xml:lang="en-US">Growth Company Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_ForeignInvestmentRiskMember" xlink:to="tbit_ForeignInvestmentRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="tbit_ForeignInvestmentRiskMember_doc" xml:lang="en-US">Foreign Investment Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="tbit_ETFStructureRisksMember" xlink:to="tbit_ETFStructureRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="tbit_ETFStructureRisksMember_doc" xml:lang="en-US">ETF Structure Risks.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="tbit_EquityRiskMember_doc" xml:lang="en-US">Equity Risk.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="tbit_DepositaryReceiptsRiskMember_doc" xml:lang="en-US">Depositary Receipts Risk.</link:label>
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