Thornburg California Limited Term Municipal Fund

SYMBOL: LTCAX

Morningstar Rating • Info

Overall Morningstar Rating among 38 Muni Single State Short funds, based on risk-adjusted returns for class A shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 3 stars, 3 stars and 3 stars among 38, 37 and 29 funds, as of 30 Sep 2024.

As of 30 Sep 2024

Fund Assets

$273.4 M

As of 30 Sep 2024

NAV

$12.86

As of 1 Nov 2024

Change

$0.00

As of 1 Nov 2024

YTD NAV Performance

1.23%

As of 1 Nov 2024

Asset Category:

Municipal Bond

Fund Benchmark:

ICE BofA 1-10 Year U.S. Municipal Securities Index

Portfolio Managers

David Ashley, CFA

Portfolio Manager and Managing Director

John Bonnell, CFA

Portfolio Manager and Managing Director

Eve Lando, JD

Portfolio Manager and Managing Director

Overview Performance Fund Facts Characteristics Portfolio Portfolio Managers Literature

Overview

Why Invest in This Fund?

Actively managed diversified portfolio of municipal bonds issued by the state of California and U.S. territories with an average maturity of less than five years and average duration between two to four years.
Flexible investment approach that employs a relative value framework operating across sectors, issuers and revenue streams.
Tax-efficient fund seeks to minimize changes in its share value while providing California investors with income that is tax-exempt at the state and federal level.

Investment Objective

The investment goal of the fund is to provide investors with as high a level of current income exempt from federal and California state individual income taxes as is consistent with preservation of capital. The fund also seeks to reduce share price volatility compared to longer-term bond portfolios.

Investment Approach

The fund is an actively managed diversified portfolio of municipal bonds issued by the state of California. The investment team aims to match municipal market structure and deal flow through a relative value framework that operates across geography, sectors, issuers and revenue streams. Operating as generalists, team members participate in all key aspects of investment management: credit research, trading, portfolio construction and risk oversight.

Returns

(As of 30 Sep 2024)

YTD

10y

Inception

Total Return with Sales Charge (%)

0.00

4.30

-0.18

0.44

0.85

3.57

Total Return without Sales Charge (%)

2.31

6.71

0.57

0.75

1.00

3.61

ICE BofA 1-10 Year U.S. Municipal Securities Index (%)

2.38

7.43

0.67

1.37

1.82

—

Morningstar Category Avg. (%)

2.37

6.09

0.59

0.99

1.27

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return with Sales Charge (%)

-1.06

3.35

-0.47

0.19

0.70

3.53

Total Return without Sales Charge (%)

1.22

5.74

0.28

0.49

0.86

3.58

ICE BofA 1-10 Year U.S. Municipal Securities Index (%)

1.35

6.61

0.39

1.11

1.69

—

Morningstar Category Avg. (%)

2.37

6.09

0.59

0.99

1.27

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return with Sales Charge (%)

0.00

4.30

-0.53

2.22

8.79

274.23

Total Return without Sales Charge (%)

2.31

6.71

1.72

3.78

10.44

280.08

ICE BofA 1-10 Year U.S. Municipal Securities Index (%)

2.38

7.43

2.02

7.06

19.82

—

YTD

10y

Inception

Total Return with Sales Charge (%)

-1.06

3.35

-1.40

0.94

7.26

270.24

Total Return without Sales Charge (%)

1.22

5.74

0.84

2.48

8.89

276.02

ICE BofA 1-10 Year U.S. Municipal Securities Index (%)

1.35

6.61

1.17

5.67

18.25

—

2018

2019

2020

2021

2022

2023

Total Return with Sales Charge (%)

-1.00

1.62

0.38

-2.66

-6.59

1.86

ICE BofA 1-10 Year U.S. Municipal Securities Index (%)

1.69

5.28

3.81

0.48

-4.61

4.29

Source: Confluence

Periods less than one year are not annualized.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate so shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than quoted.

The maximum sales charge for the Fund's A shares is 2.25%. C shares include a 0.50% contingent deferred sales charge (CDSC) for the first year only. There is no up-front sales charge for the I shares.

Morningstar quartile ranking for Muni Single State Short category is based on total returns before sales charges for 1, 3, 5 and 10 years, among 40, 38, 37 and 29 funds, respectively, as of 30 Sep 2024.

Share class inception dates: A shares, 19 Feb 1987; C shares, 1 Sep 1994; I shares, 1 Apr 1997.

Fund Fees

(As of 1 Feb 2024)

Gross Expense Ratio (%)

0.96

Net Expense Ratio (%)

0.74

Thornburg Investment Management and/or Thornburg Securities LLC have contractually agreed to waive fees and reimburse expenses through at least February 1, 2025, for some of the share classes; these are reflected in the net expense ratio. For more detailed information on fund expenses and waivers/reimbursements, please see the fund's prospectus.

Expense Ratios - Expressed as a percentage of total fund assets and include management fees and operating costs. Expense ratios fluctuate over time and the expense ratio in the prospectus may differ from the actual expense ratio. The fund's total return includes the deduction of expenses.

Distributions

            Categories,Total ($)
            1987-01-31,0
1987-02-28,0.01947
1987-03-31,0.05484
1987-04-30,0.05936
1987-05-31,0.06638
1987-06-30,0.06022
1987-07-31,0.06073
1987-08-31,0.06053
1987-09-30,0.06082
1987-10-31,0.06466
1987-11-30,0.06757
1987-12-31,0.06803
1988-01-31,0.06682
1988-02-29,0.06030
1988-03-31,0.06726
1988-04-30,0.06835
1988-05-31,0.06960
1988-06-30,0.06226
1988-07-31,0.06358
1988-08-31,0.06447
1988-09-30,0.06241
1988-10-31,0.06407
1988-11-30,0.06181
1988-12-31,0.06441
1989-01-31,0.06551
1989-02-28,0.05830
1989-03-31,0.06715
1989-04-30,0.06429
1989-05-31,0.06662
1989-06-30,0.06574
1989-07-31,0.06535
1989-08-31,0.06643
1989-09-30,0.06460
1989-10-31,0.06640
1989-11-30,0.06348
1989-12-31,0.06627
1990-01-31,0.06319
1990-02-28,0.05602
1990-03-31,0.06497
1990-04-30,0.06255
1990-05-31,0.06503
1990-06-30,0.06140
1990-07-31,0.06279
1990-08-31,0.06418
1990-09-30,0.06408
1990-10-31,0.06487
1990-11-30,0.06272
1990-12-31,0.06455
1991-01-31,0.06439
1991-02-28,0.05811
1991-03-31,0.06240
1991-04-30,0.05961
1991-05-31,0.06083
1991-06-30,0.05884
1991-07-31,0.06134
1991-08-31,0.06168
1991-09-30,0.06104
1991-10-31,0.06236
1991-11-30,0.05971
1991-12-31,0.06089
1992-01-31,0.06242
1992-02-29,0.05757
1992-03-31,0.05926
1992-04-30,0.05956
1992-05-31,0.05947
1992-06-30,0.05736
1992-07-31,0.05642
1992-08-31,0.05552
1992-09-30,0.05635
1992-10-31,0.05552
1992-11-30,0.05424
1992-12-31,0.05386
1993-01-31,0.05315
1993-02-28,0.05236
1993-03-31,0.05236
1993-04-30,0.05286
1993-05-31,0.05302
1993-06-30,0.05307
1993-07-31,0.05248
1993-08-31,0.05081
1993-09-30,0.04832
1993-10-31,0.04896
1993-11-30,0.04800
1993-12-31,0.04722
1994-01-31,0.04678
1994-02-28,0.04680
1994-03-31,0.04779
1994-04-30,0.04827
1994-05-31,0.04832
1994-06-30,0.04956
1994-07-31,0.04811
1994-08-31,0.04996
1994-09-30,0.04892
1994-10-31,0.04735
1994-11-30,0.04829
1994-12-31,0.04844
1995-01-31,0.04943
1995-02-28,0.04922
1995-03-31,0.04725
1995-04-30,0.04827
1995-05-31,0.04807
1995-06-30,0.04830
1995-07-31,0.04907
1995-08-31,0.04937
1995-09-30,0.04974
1995-10-31,0.04926
1995-11-30,0.04903
1995-12-31,0.04752
1996-01-31,0.04671
1996-02-29,0.04778
1996-03-31,0.04857
1996-04-30,0.04879
1996-05-31,0.04829
1996-06-30,0.04917
1996-07-31,0.04828
1996-08-31,0.04759
1996-09-30,0.04770
1996-10-31,0.04771
1996-11-30,0.04853
1996-12-31,0.04759
1997-01-31,0.04756
1997-02-28,0.04769
1997-03-31,0.04666
1997-04-30,0.04607
1997-05-31,0.04601
1997-06-30,0.04678
1997-07-31,0.04651
1997-08-31,0.04590
1997-09-30,0.04624
1997-10-31,0.04583
1997-11-30,0.04584
1997-12-31,0.04568
1998-01-31,0.04516
1998-02-28,0.04613
1998-03-31,0.04496
1998-04-30,0.04530
1998-05-31,0.04492
1998-06-30,0.04533
1998-07-31,0.04469
1998-08-31,0.04502
1998-09-30,0.04462
1998-10-31,0.04421
1998-11-30,0.04460
1998-12-31,0.04377
1999-01-31,0.04418
1999-02-28,0.04563
1999-03-31,0.04376
1999-04-30,0.04386
1999-05-31,0.04393
1999-06-30,0.04413
1999-07-31,0.04440
1999-08-31,0.04403
1999-09-30,0.04467
1999-10-31,0.04443
1999-11-30,0.04511
1999-12-31,0.04456
2000-01-31,0.04487
2000-02-29,0.04550
2000-03-31,0.04520
2000-04-30,0.04571
2000-05-31,0.04563
2000-06-30,0.04622
2000-07-31,0.04586
2000-08-31,0.04566
2000-09-30,0.04570
2000-10-31,0.04566
2000-11-30,0.04591
2000-12-31,0.04547
2001-01-31,0.04516
2001-02-28,0.04525
2001-03-31,0.04334
2001-04-30,0.04515
2001-05-31,0.04435
2001-06-30,0.04433
2001-07-31,0.04241
2001-08-31,0.04081
2001-09-30,0.04097
2001-10-31,0.03850
2001-11-30,0.03891
2001-12-31,0.03806
2002-01-31,0.03886
2002-02-28,0.03851
2002-03-31,0.03590
2002-04-30,0.03678
2002-05-31,0.03740
2002-06-30,0.03623
2002-07-31,0.03421
2002-08-31,0.03328
2002-09-30,0.03332
2002-10-31,0.03270
2002-11-30,0.03379
2002-12-31,0.03199
2003-01-31,0.03103
2003-02-28,0.03177
2003-03-31,0.02884
2003-04-30,0.02836
2003-05-31,0.02969
2003-06-30,0.02989
2003-07-31,0.02746
2003-08-31,0.02893
2003-09-30,0.02874
2003-10-31,0.02751
2003-11-30,0.02863
2003-12-31,0.02907
2004-01-31,0.02939
2004-02-29,0.03106
2004-03-31,0.02925
2004-04-30,0.02915
2004-05-31,0.02910
2004-06-30,0.02965
2004-07-31,0.02739
2004-08-31,0.02731
2004-09-30,0.02811
2004-10-31,0.02752
2004-11-30,0.02873
2004-12-31,0.02817
2005-01-31,0.02805
2005-02-28,0.03084
2005-03-31,0.02896
2005-04-30,0.03019
2005-05-31,0.02954
2005-06-30,0.03108
2005-07-31,0.03019
2005-08-31,0.03075
2005-09-30,0.03178
2005-10-31,0.03083
2005-11-30,0.03226
2005-12-31,0.03324
2006-01-31,0.03314
2006-02-28,0.03307
2006-03-31,0.03353
2006-04-30,0.03447
2006-05-31,0.03389
2006-06-30,0.03423
2006-07-31,0.03460
2006-08-31,0.03461
2006-09-30,0.03580
2006-10-31,0.03470
2006-11-30,0.03543
2006-12-31,0.03513
2007-01-31,0.03526
2007-02-28,0.03690
2007-03-31,0.03533
2007-04-30,0.03608
2007-05-31,0.03587
2007-06-30,0.03630
2007-07-31,0.03544
2007-08-31,0.03582
2007-09-30,0.03628
2007-10-31,0.03528
2007-11-30,0.03541
2007-12-31,0.03494
2008-01-31,0.03381
2008-02-29,0.03603
2008-03-31,0.03554
2008-04-30,0.03532
2008-05-31,0.03495
2008-06-30,0.03394
2008-07-31,0.03514
2008-08-31,0.03511
2008-09-30,0.03667
2008-10-31,0.03674
2008-11-30,0.03577
2008-12-31,0.03579
2009-01-31,0.03482
2009-02-28,0.03584
2009-03-31,0.03424
2009-04-30,0.03782
2009-05-31,0.03824
2009-06-30,0.03757
2009-07-31,0.03828
2009-08-31,0.03864
2009-09-30,0.03606
2009-10-31,0.03387
2009-11-30,0.03479
2009-12-31,0.03397
2010-01-31,0.03431
2010-02-28,0.03499
2010-03-31,0.03225
2010-04-30,0.03325
2010-05-31,0.03202
2010-06-30,0.03141
2010-07-31,0.03050
2010-08-31,0.02883
2010-09-30,0.02901
2010-10-31,0.02834
2010-11-30,0.02858
2010-12-31,0.02949
2011-01-31,0.03012
2011-02-28,0.03259
2011-03-31,0.03113
2011-04-30,0.03142
2011-05-31,0.03040
2011-06-30,0.03064
2011-07-31,0.02829
2011-08-31,0.02795
2011-09-30,0.02856
2011-10-31,0.02828
2011-11-30,0.02893
2011-12-31,0.02731
2012-01-31,0.02646
2012-02-29,0.02650
2012-03-31,0.02340
2012-04-30,0.02335
2012-05-31,0.02186
2012-06-30,0.02345
2012-07-31,0.02173
2012-08-31,0.02149
2012-09-30,0.02195
2012-10-31,0.02096
2012-11-20,0.00972
2012-11-30,0.02138
2012-12-31,0.02086
2013-01-31,0.02015
2013-02-28,0.02128
2013-03-31,0.01965
2013-04-30,0.01982
2013-05-31,0.01851
2013-06-30,0.01864
2013-07-31,0.01825
2013-08-31,0.01966
2013-09-30,0.02059
2013-10-31,0.01939
2013-11-30,0.01929
2013-12-31,0.01928
2014-01-31,0.01921
2014-02-28,0.02098
2014-03-31,0.01871
2014-04-30,0.01990
2014-05-31,0.01881
2014-06-30,0.01937
2014-07-31,0.01880
2014-08-31,0.01769
2014-09-30,0.01672
2014-10-31,0.01727
2014-11-30,0.01639
2014-12-31,0.01596
2015-01-31,0.01511
2015-02-28,0.01735
2015-03-31,0.01547
2015-04-30,0.01576
2015-05-31,0.01497
2015-06-30,0.01600
2015-07-31,0.01451
2015-08-31,0.01697
2015-09-30,0.01614
2015-10-31,0.01530
2015-11-30,0.01572
2015-12-31,0.01489
2016-01-31,0.01482
2016-02-29,0.01659
2016-03-31,0.01440
2016-04-30,0.01507
2016-05-31,0.01413
2016-06-30,0.01530
2016-07-31,0.01405
2016-08-31,0.01383
2016-09-30,0.01511
2016-10-31,0.01390
2016-11-30,0.01464
2016-12-31,0.01393
2017-01-31,0.01498
2017-02-28,0.01664
2017-03-31,0.01484
2017-04-30,0.01618
2017-05-31,0.01552
2017-06-30,0.01606
2017-07-31,0.01537
2017-08-31,0.01515
2017-09-30,0.01578
2017-10-31,0.01517
2017-11-30,0.01601
2017-12-31,0.01586
2018-01-31,0.01609
2018-02-28,0.01898
2018-03-31,0.01715
2018-04-30,0.01866
2018-05-31,0.01715
2018-06-30,0.01781
2018-07-31,0.01661
2018-08-31,0.01709
2018-09-30,0.01718
2018-10-31,0.01735
2018-11-30,0.01830
2018-12-31,0.01747
2019-01-31,0.01782
2019-02-28,0.01991
2019-03-31,0.01787
2019-04-30,0.01849
2019-05-31,0.01791
2019-06-30,0.01844
2019-07-31,0.01735
2019-08-31,0.01710
2019-09-30,0.01717
2019-10-31,0.01583
2019-11-30,0.01643
2019-12-31,0.01556
2020-01-31,0.01501
2020-02-29,0.01827
2020-03-31,0.01772
2020-04-30,0.01703
2020-05-31,0.01557
2020-06-30,0.01427
2020-07-31,0.01260
2020-08-31,0.01208
2020-09-30,0.01229
2020-10-31,0.01150
2020-11-30,0.01234
2020-12-31,0.01212
2021-01-31,0.01157
2021-02-28,0.01531
2021-03-31,0.01191
2021-04-30,0.01309
2021-05-31,0.01319
2021-06-30,0.01420
2021-07-31,0.01306
2021-08-31,0.01221
2021-09-30,0.01281
2021-10-31,0.01190
2021-11-30,0.01279
2021-12-31,0.01184
2022-01-31,0.01227
2022-02-28,0.01433
2022-03-31,0.01151
2022-04-30,0.01568
2022-05-31,0.01541
2022-06-30,0.01574
2022-07-31,0.01660
2022-08-31,0.01825
2022-09-30,0.01910
2022-10-31,0.01980
2022-11-30,0.02199
2022-12-31,0.02191
2023-01-31,0.02236
2023-02-28,0.02550
2023-03-31,0.02357
2023-04-30,0.02450
2023-05-31,0.02464
2023-06-30,0.02631
2023-07-31,0.02653
2023-08-31,0.02571
2023-09-30,0.02747
2023-10-31,0.02930
2023-11-30,0.02961
2023-12-31,0.02936
2024-01-31,0.02983
2024-02-29,0.03048
2024-03-31,0.03006
2024-04-30,0.03054
2024-05-31,0.03006
2024-06-30,0.03072
2024-07-31,0.03122
2024-08-31,0.03077
2024-09-30,0.03122
2024-10-31,0.03092

            Ex-Date, Payable Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
1987-01-31,539049600,0,0,0,0
1987-02-27,541468800,0.01947,0.01947,0,0
1987-03-31,544147200,0.05484,0.05484,0,0
1987-04-30,546739200,0.05936,0.05936,0,0
1987-05-29,549417600,0.06638,0.06638,0,0
1987-06-30,552009600,0.06022,0.06022,0,0
1987-07-31,554688000,0.06073,0.06073,0,0
1987-08-31,557366400,0.06053,0.06053,0,0
1987-09-30,559958400,0.06082,0.06082,0,0
1987-10-30,562636800,0.06466,0.06466,0,0
1987-11-30,565228800,0.06757,0.06757,0,0
1987-12-31,567907200,0.06803,0.06803,0,0
1988-01-29,570585600,0.06682,0.06682,0,0
1988-02-29,573091200,0.06030,0.06030,0,0
1988-03-31,575769600,0.06726,0.06726,0,0
1988-04-29,578361600,0.06835,0.06835,0,0
1988-05-31,581040000,0.06960,0.06960,0,0
1988-06-30,583632000,0.06226,0.06226,0,0
1988-07-29,586310400,0.06358,0.06358,0,0
1988-08-31,588988800,0.06447,0.06447,0,0
1988-09-30,591580800,0.06241,0.06241,0,0
1988-10-31,594259200,0.06407,0.06407,0,0
1988-11-30,596851200,0.06181,0.06181,0,0
1988-12-30,599529600,0.06441,0.06441,0,0
1989-01-31,602208000,0.06551,0.06551,0,0
1989-02-28,604627200,0.05830,0.05830,0,0
1989-03-31,607305600,0.06715,0.06715,0,0
1989-04-28,609897600,0.06429,0.06429,0,0
1989-05-31,612576000,0.06662,0.06662,0,0
1989-06-30,615168000,0.06574,0.06574,0,0
1989-07-31,617846400,0.06535,0.06535,0,0
1989-08-31,620524800,0.06643,0.06643,0,0
1989-09-29,623116800,0.06460,0.06460,0,0
1989-10-31,625795200,0.06640,0.06640,0,0
1989-11-30,628387200,0.06348,0.06348,0,0
1989-12-29,631065600,0.06627,0.06627,0,0
1990-01-31,633744000,0.06319,0.06319,0,0
1990-02-28,636163200,0.05602,0.05602,0,0
1990-03-30,638841600,0.06497,0.06497,0,0
1990-04-30,641433600,0.06255,0.06255,0,0
1990-05-31,644112000,0.06503,0.06503,0,0
1990-06-29,646704000,0.06140,0.06140,0,0
1990-07-31,649382400,0.06279,0.06279,0,0
1990-08-31,652060800,0.06418,0.06418,0,0
1990-09-28,654652800,0.06408,0.06408,0,0
1990-10-31,657331200,0.06487,0.06487,0,0
1990-11-30,659923200,0.06272,0.06272,0,0
1990-12-31,662601600,0.06455,0.06455,0,0
1991-01-31,665280000,0.06439,0.06439,0,0
1991-02-28,667699200,0.05811,0.05811,0,0
1991-03-28,670377600,0.06240,0.06240,0,0
1991-04-30,672969600,0.05961,0.05961,0,0
1991-05-31,675648000,0.06083,0.06083,0,0
1991-06-28,678240000,0.05884,0.05884,0,0
1991-07-31,680918400,0.06134,0.06134,0,0
1991-08-30,683596800,0.06168,0.06168,0,0
1991-09-30,686188800,0.06104,0.06104,0,0
1991-10-31,688867200,0.06236,0.06236,0,0
1991-11-29,691459200,0.05971,0.05971,0,0
1991-12-31,694137600,0.06089,0.06089,0,0
1992-01-31,696816000,0.06242,0.06242,0,0
1992-02-28,699321600,0.05757,0.05757,0,0
1992-03-31,702000000,0.05926,0.05926,0,0
1992-04-30,704592000,0.05956,0.05956,0,0
1992-05-29,707270400,0.05947,0.05947,0,0
1992-06-30,709862400,0.05736,0.05736,0,0
1992-07-31,712540800,0.05642,0.05642,0,0
1992-08-31,715219200,0.05552,0.05552,0,0
1992-09-30,717811200,0.05635,0.05635,0,0
1992-10-30,720489600,0.05552,0.05552,0,0
1992-11-30,723081600,0.05424,0.05424,0,0
1992-12-31,725760000,0.05386,0.05386,0,0
1993-01-29,728438400,0.05315,0.05315,0,0
1993-02-26,730857600,0.05236,0.05236,0,0
1993-03-31,733536000,0.05236,0.05236,0,0
1993-04-30,736128000,0.05286,0.05286,0,0
1993-05-28,738806400,0.05302,0.05302,0,0
1993-06-30,741398400,0.05307,0.05307,0,0
1993-07-30,744076800,0.05248,0.05248,0,0
1993-08-31,746755200,0.05081,0.05081,0,0
1993-09-30,749347200,0.04832,0.04832,0,0
1993-10-29,752025600,0.04896,0.04896,0,0
1993-11-30,754617600,0.04800,0.04800,0,0
1993-12-31,757296000,0.04722,0.04722,0,0
1994-01-31,759974400,0.04678,0.04678,0,0
1994-02-28,762393600,0.04680,0.04680,0,0
1994-03-31,765072000,0.04779,0.04779,0,0
1994-04-29,767664000,0.04827,0.04827,0,0
1994-05-31,770342400,0.04832,0.04832,0,0
1994-06-30,772934400,0.04956,0.04956,0,0
1994-07-29,775612800,0.04811,0.04811,0,0
1994-08-31,778291200,0.04996,0.04996,0,0
1994-09-30,780883200,0.04892,0.04892,0,0
1994-10-31,783561600,0.04735,0.04735,0,0
1994-11-30,786153600,0.04829,0.04829,0,0
1994-12-30,788832000,0.04844,0.04844,0,0
1995-01-31,791510400,0.04943,0.04943,0,0
1995-02-28,793929600,0.04922,0.04922,0,0
1995-03-31,796608000,0.04725,0.04725,0,0
1995-04-28,799200000,0.04827,0.04827,0,0
1995-05-31,801878400,0.04807,0.04807,0,0
1995-06-30,804470400,0.04830,0.04830,0,0
1995-07-31,807148800,0.04907,0.04907,0,0
1995-08-31,809827200,0.04937,0.04937,0,0
1995-09-29,812419200,0.04974,0.04974,0,0
1995-10-31,815097600,0.04926,0.04926,0,0
1995-11-30,817689600,0.04903,0.04903,0,0
1995-12-29,820368000,0.04752,0.04752,0,0
1996-01-31,823046400,0.04671,0.04671,0,0
1996-02-29,825552000,0.04778,0.04778,0,0
1996-03-29,828230400,0.04857,0.04857,0,0
1996-04-30,830822400,0.04879,0.04879,0,0
1996-05-31,833500800,0.04829,0.04829,0,0
1996-06-28,836092800,0.04917,0.04917,0,0
1996-07-31,838771200,0.04828,0.04828,0,0
1996-08-30,841449600,0.04759,0.04759,0,0
1996-09-30,844041600,0.04770,0.04770,0,0
1996-10-31,846720000,0.04771,0.04771,0,0
1996-11-29,849312000,0.04853,0.04853,0,0
1996-12-31,851990400,0.04759,0.04759,0,0
1997-01-31,854668800,0.04756,0.04756,0,0
1997-02-28,857088000,0.04769,0.04769,0,0
1997-03-31,859766400,0.04666,0.04666,0,0
1997-04-30,862358400,0.04607,0.04607,0,0
1997-05-30,865036800,0.04601,0.04601,0,0
1997-06-30,867628800,0.04678,0.04678,0,0
1997-07-31,870307200,0.04651,0.04651,0,0
1997-08-29,872985600,0.04590,0.04590,0,0
1997-09-30,875577600,0.04624,0.04624,0,0
1997-10-31,878256000,0.04583,0.04583,0,0
1997-11-28,880848000,0.04584,0.04584,0,0
1997-12-31,883526400,0.04568,0.04568,0,0
1998-01-30,886204800,0.04516,0.04516,0,0
1998-02-27,888624000,0.04613,0.04613,0,0
1998-03-31,891302400,0.04496,0.04496,0,0
1998-04-30,893894400,0.04530,0.04530,0,0
1998-05-29,896572800,0.04492,0.04492,0,0
1998-06-30,899164800,0.04533,0.04533,0,0
1998-07-31,901843200,0.04469,0.04469,0,0
1998-08-31,904521600,0.04502,0.04502,0,0
1998-09-30,907113600,0.04462,0.04462,0,0
1998-10-30,909792000,0.04421,0.04421,0,0
1998-11-30,912384000,0.04460,0.04460,0,0
1998-12-31,915062400,0.04377,0.04377,0,0
1999-01-29,917740800,0.04418,0.04418,0,0
1999-02-26,920160000,0.04563,0.04563,0,0
1999-03-31,922838400,0.04376,0.04376,0,0
1999-04-30,925430400,0.04386,0.04386,0,0
1999-05-28,928108800,0.04393,0.04393,0,0
1999-06-30,930700800,0.04413,0.04413,0,0
1999-07-30,933379200,0.04440,0.04440,0,0
1999-08-31,936057600,0.04403,0.04403,0,0
1999-09-30,938649600,0.04467,0.04467,0,0
1999-10-29,941328000,0.04443,0.04443,0,0
1999-11-30,943920000,0.04511,0.04511,0,0
1999-12-31,946598400,0.04456,0.04456,0,0
2000-01-31,949276800,0.04487,0.04487,0,0
2000-02-29,951782400,0.04550,0.04550,0,0
2000-03-31,954460800,0.04520,0.04520,0,0
2000-04-28,957052800,0.04571,0.04571,0,0
2000-05-31,959731200,0.04563,0.04563,0,0
2000-06-30,962323200,0.04622,0.04622,0,0
2000-07-31,965001600,0.04586,0.04586,0,0
2000-08-31,967680000,0.04566,0.04566,0,0
2000-09-29,970272000,0.04570,0.04570,0,0
2000-10-31,972950400,0.04566,0.04566,0,0
2000-11-30,975542400,0.04591,0.04591,0,0
2000-12-29,978220800,0.04547,0.04547,0,0
2001-01-31,980899200,0.04516,0.04516,0,0
2001-02-28,983318400,0.04525,0.04525,0,0
2001-03-30,985996800,0.04334,0.04334,0,0
2001-04-30,988588800,0.04515,0.04515,0,0
2001-05-31,991267200,0.04435,0.04435,0,0
2001-06-29,993859200,0.04433,0.04433,0,0
2001-07-31,996537600,0.04241,0.04241,0,0
2001-08-31,999216000,0.04081,0.04081,0,0
2001-09-28,1001808000,0.04097,0.04097,0,0
2001-10-31,1004486400,0.03850,0.03850,0,0
2001-11-30,1007078400,0.03891,0.03891,0,0
2001-12-31,1009756800,0.03806,0.03806,0,0
2002-01-31,1012435200,0.03886,0.03886,0,0
2002-02-28,1014854400,0.03851,0.03851,0,0
2002-03-28,1017532800,0.03590,0.03590,0,0
2002-04-30,1020124800,0.03678,0.03678,0,0
2002-05-31,1022803200,0.03740,0.03740,0,0
2002-06-28,1025395200,0.03623,0.03623,0,0
2002-07-31,1028073600,0.03421,0.03421,0,0
2002-08-30,1030752000,0.03328,0.03328,0,0
2002-09-30,1033344000,0.03332,0.03332,0,0
2002-10-31,1036022400,0.03270,0.03270,0,0
2002-11-29,1038614400,0.03379,0.03379,0,0
2002-12-31,1041292800,0.03199,0.03199,0,0
2003-01-31,1043971200,0.03103,0.03103,0,0
2003-02-28,1046390400,0.03177,0.03177,0,0
2003-03-31,1049068800,0.02884,0.02884,0,0
2003-04-30,1051660800,0.02836,0.02836,0,0
2003-05-30,1054339200,0.02969,0.02969,0,0
2003-06-30,1056931200,0.02989,0.02989,0,0
2003-07-31,1059609600,0.02746,0.02746,0,0
2003-08-29,1062288000,0.02893,0.02893,0,0
2003-09-30,1064880000,0.02874,0.02874,0,0
2003-10-31,1067558400,0.02751,0.02751,0,0
2003-11-28,1070150400,0.02863,0.02863,0,0
2003-12-31,1072828800,0.02907,0.02907,0,0
2004-01-30,1075507200,0.02939,0.02939,0,0
2004-02-27,1078012800,0.03106,0.03106,0,0
2004-03-31,1080691200,0.02925,0.02925,0,0
2004-04-30,1083283200,0.02915,0.02915,0,0
2004-05-28,1085961600,0.02910,0.02910,0,0
2004-06-30,1088553600,0.02965,0.02965,0,0
2004-07-30,1091232000,0.02739,0.02739,0,0
2004-08-31,1093910400,0.02731,0.02731,0,0
2004-09-30,1096502400,0.02811,0.02811,0,0
2004-10-29,1099180800,0.02752,0.02752,0,0
2004-11-30,1101772800,0.02873,0.02873,0,0
2004-12-31,1104451200,0.02817,0.02817,0,0
2005-01-31,1107129600,0.02805,0.02805,0,0
2005-02-28,1109548800,0.03084,0.03084,0,0
2005-03-31,1112227200,0.02896,0.02896,0,0
2005-04-29,1114819200,0.03019,0.03019,0,0
2005-05-31,1117497600,0.02954,0.02954,0,0
2005-06-30,1120089600,0.03108,0.03108,0,0
2005-07-29,1122768000,0.03019,0.03019,0,0
2005-08-31,1125446400,0.03075,0.03075,0,0
2005-09-30,1128038400,0.03178,0.03178,0,0
2005-10-31,1130716800,0.03083,0.03083,0,0
2005-11-30,1133308800,0.03226,0.03226,0,0
2005-12-30,1135987200,0.03324,0.03324,0,0
2006-01-31,1138665600,0.03314,0.03314,0,0
2006-02-28,1141084800,0.03307,0.03307,0,0
2006-03-31,1143763200,0.03353,0.03353,0,0
2006-04-28,1146355200,0.03447,0.03447,0,0
2006-05-31,1149033600,0.03389,0.03389,0,0
2006-06-30,1151625600,0.03423,0.03423,0,0
2006-07-31,1154304000,0.03460,0.03460,0,0
2006-08-31,1156982400,0.03461,0.03461,0,0
2006-09-29,1159574400,0.03580,0.03580,0,0
2006-10-31,1162252800,0.03470,0.03470,0,0
2006-11-30,1164844800,0.03543,0.03543,0,0
2006-12-29,1167523200,0.03513,0.03513,0,0
2007-01-31,1170201600,0.03526,0.03526,0,0
2007-02-28,1172620800,0.03690,0.03690,0,0
2007-03-30,1175299200,0.03533,0.03533,0,0
2007-04-30,1177891200,0.03608,0.03608,0,0
2007-05-31,1180569600,0.03587,0.03587,0,0
2007-06-29,1183161600,0.03630,0.03630,0,0
2007-07-31,1185840000,0.03544,0.03544,0,0
2007-08-31,1188518400,0.03582,0.03582,0,0
2007-09-28,1191110400,0.03628,0.03628,0,0
2007-10-31,1193788800,0.03528,0.03528,0,0
2007-11-30,1196380800,0.03541,0.03541,0,0
2007-12-31,1199059200,0.03494,0.03494,0,0
2008-01-31,1201737600,0.03381,0.03381,0,0
2008-02-29,1204243200,0.03603,0.03603,0,0
2008-03-31,1206921600,0.03554,0.03554,0,0
2008-04-30,1209513600,0.03532,0.03532,0,0
2008-05-30,1212192000,0.03495,0.03495,0,0
2008-06-30,1214784000,0.03394,0.03394,0,0
2008-07-31,1217462400,0.03514,0.03514,0,0
2008-08-29,1220140800,0.03511,0.03511,0,0
2008-09-30,1222732800,0.03667,0.03667,0,0
2008-10-31,1225411200,0.03674,0.03674,0,0
2008-11-28,1228003200,0.03577,0.03577,0,0
2008-12-31,1230681600,0.03579,0.03579,0,0
2009-01-30,1233360000,0.03482,0.03482,0,0
2009-02-27,1235779200,0.03584,0.03584,0,0
2009-03-31,1238457600,0.03424,0.03424,0,0
2009-04-30,1241049600,0.03782,0.03782,0,0
2009-05-29,1243728000,0.03824,0.03824,0,0
2009-06-30,1246320000,0.03757,0.03757,0,0
2009-07-31,1248998400,0.03828,0.03828,0,0
2009-08-31,1251676800,0.03864,0.03864,0,0
2009-09-30,1254268800,0.03606,0.03606,0,0
2009-10-30,1256947200,0.03387,0.03387,0,0
2009-11-30,1259539200,0.03479,0.03479,0,0
2009-12-31,1262217600,0.03397,0.03397,0,0
2010-01-29,1264896000,0.03431,0.03431,0,0
2010-02-26,1267315200,0.03499,0.03499,0,0
2010-03-31,1269993600,0.03225,0.03225,0,0
2010-04-30,1272585600,0.03325,0.03325,0,0
2010-05-28,1275264000,0.03202,0.03202,0,0
2010-06-30,1277856000,0.03141,0.03141,0,0
2010-07-30,1280534400,0.03050,0.03050,0,0
2010-08-31,1283212800,0.02883,0.02883,0,0
2010-09-30,1285804800,0.02901,0.02901,0,0
2010-10-29,1288483200,0.02834,0.02834,0,0
2010-11-30,1291075200,0.02858,0.02858,0,0
2010-12-31,1293753600,0.02949,0.02949,0,0
2011-01-31,1296432000,0.03012,0.03012,0,0
2011-02-28,1298851200,0.03259,0.03259,0,0
2011-03-31,1301529600,0.03113,0.03113,0,0
2011-04-29,1304121600,0.03142,0.03142,0,0
2011-05-31,1306800000,0.03040,0.03040,0,0
2011-06-30,1309392000,0.03064,0.03064,0,0
2011-07-29,1312070400,0.02829,0.02829,0,0
2011-08-31,1314748800,0.02795,0.02795,0,0
2011-09-30,1317340800,0.02856,0.02856,0,0
2011-10-31,1320019200,0.02828,0.02828,0,0
2011-11-30,1322611200,0.02893,0.02893,0,0
2011-12-30,1325289600,0.02731,0.02731,0,0
2012-01-31,1327968000,0.02646,0.02646,0,0
2012-02-29,1330473600,0.02650,0.02650,0,0
2012-03-30,1333152000,0.02340,0.02340,0,0
2012-04-30,1335744000,0.02335,0.02335,0,0
2012-05-31,1338422400,0.02186,0.02186,0,0
2012-06-29,1341014400,0.02345,0.02345,0,0
2012-07-31,1343692800,0.02173,0.02173,0,0
2012-08-31,1346371200,0.02149,0.02149,0,0
2012-09-28,1348963200,0.02195,0.02195,0,0
2012-10-31,1351641600,0.02096,0.02096,0,0
2012-11-20,1353369600,0.00972,0,0.00000,0.00972
2012-11-30,1354233600,0.02138,0.02138,0,0
2012-12-31,1356912000,0.02086,0.02086,0,0
2013-01-31,1359590400,0.02015,0.02015,0,0
2013-02-28,1362009600,0.02128,0.02128,0,0
2013-03-28,1364688000,0.01965,0.01965,0,0
2013-04-30,1367280000,0.01982,0.01982,0,0
2013-05-31,1369958400,0.01851,0.01851,0,0
2013-06-28,1372550400,0.01864,0.01864,0,0
2013-07-31,1375228800,0.01825,0.01825,0,0
2013-08-30,1377907200,0.01966,0.01966,0,0
2013-09-30,1380499200,0.02059,0.02059,0,0
2013-10-31,1383177600,0.01939,0.01939,0,0
2013-11-29,1385769600,0.01929,0.01929,0,0
2013-12-31,1388448000,0.01928,0.01928,0,0
2014-01-31,1391126400,0.01921,0.01921,0,0
2014-02-28,1393545600,0.02098,0.02098,0,0
2014-03-31,1396224000,0.01871,0.01871,0,0
2014-04-30,1398816000,0.01990,0.01990,0,0
2014-05-30,1401494400,0.01881,0.01881,0,0
2014-06-30,1404086400,0.01937,0.01937,0,0
2014-07-31,1406764800,0.01880,0.01880,0,0
2014-08-29,1409443200,0.01769,0.01769,0,0
2014-09-30,1412035200,0.01672,0.01672,0,0
2014-10-31,1414713600,0.01727,0.01727,0,0
2014-11-28,1417305600,0.01639,0.01639,0,0
2014-12-31,1419984000,0.01596,0.01596,0,0
2015-01-30,1422662400,0.01511,0.01511,0,0
2015-02-27,1425081600,0.01735,0.01735,0,0
2015-03-31,1427760000,0.01547,0.01547,0,0
2015-04-30,1430352000,0.01576,0.01576,0,0
2015-05-29,1433030400,0.01497,0.01497,0,0
2015-06-30,1435622400,0.01600,0.01600,0,0
2015-07-31,1438300800,0.01451,0.01451,0,0
2015-08-31,1440979200,0.01697,0.01697,0,0
2015-09-30,1443571200,0.01614,0.01614,0,0
2015-10-30,1446249600,0.01530,0.01530,0,0
2015-11-30,1448841600,0.01572,0.01572,0,0
2015-12-31,1451520000,0.01489,0.01489,0,0
2016-01-29,1454198400,0.01482,0.01482,0,0
2016-02-29,1456704000,0.01659,0.01659,0,0
2016-03-31,1459382400,0.01440,0.01440,0,0
2016-04-29,1461974400,0.01507,0.01507,0,0
2016-05-31,1464652800,0.01413,0.01413,0,0
2016-06-30,1467244800,0.01530,0.01530,0,0
2016-07-29,1469923200,0.01405,0.01405,0,0
2016-08-31,1472601600,0.01383,0.01383,0,0
2016-09-30,1475193600,0.01511,0.01511,0,0
2016-10-31,1477872000,0.01390,0.01390,0,0
2016-11-30,1480464000,0.01464,0.01464,0,0
2016-12-30,1483142400,0.01393,0.01393,0,0
2017-01-31,1485820800,0.01498,0.01498,0,0
2017-02-28,1488240000,0.01664,0.01664,0,0
2017-03-31,1490918400,0.01484,0.01484,0,0
2017-04-28,1493510400,0.01618,0.01618,0,0
2017-05-31,1496188800,0.01552,0.01552,0,0
2017-06-30,1498780800,0.01606,0.01606,0,0
2017-07-31,1501459200,0.01537,0.01537,0,0
2017-08-31,1504137600,0.01515,0.01515,0,0
2017-09-29,1506729600,0.01578,0.01578,0,0
2017-10-31,1509408000,0.01517,0.01517,0,0
2017-11-30,1512000000,0.01601,0.01601,0,0
2017-12-29,1514678400,0.01586,0.01586,0,0
2018-01-31,1517356800,0.01609,0.01609,0,0
2018-02-28,1519776000,0.01898,0.01898,0,0
2018-03-29,1522454400,0.01715,0.01715,0,0
2018-04-30,1525046400,0.01866,0.01866,0,0
2018-05-31,1527724800,0.01715,0.01715,0,0
2018-06-29,1530316800,0.01781,0.01781,0,0
2018-07-31,1532995200,0.01661,0.01661,0,0
2018-08-31,1535673600,0.01709,0.01709,0,0
2018-09-28,1538265600,0.01718,0.01718,0,0
2018-10-31,1540944000,0.01735,0.01735,0,0
2018-11-30,1543536000,0.01830,0.01830,0,0
2018-12-31,1546214400,0.01747,0.01747,0,0
2019-01-31,1548892800,0.01782,0.01782,0,0
2019-02-28,1551312000,0.01991,0.01991,0,0
2019-03-29,1553990400,0.01787,0.01787,0,0
2019-04-30,1556582400,0.01849,0.01849,0,0
2019-05-31,1559260800,0.01791,0.01791,0,0
2019-06-28,1561852800,0.01844,0.01844,0,0
2019-07-31,1564531200,0.01735,0.01735,0,0
2019-08-31,1567209600,0.01710,0.01710,0,0
2019-09-30,1569801600,0.01717,0.01717,0,0
2019-10-31,1572480000,0.01583,0.01583,0,0
2019-11-30,1575072000,0.01643,0.01643,0,0
2019-12-31,1577750400,0.01556,0.01556,0,0
2020-01-31,1580428800,0.01501,0.01501,0,0
2020-02-29,1582934400,0.01827,0.01827,0,0
2020-03-31,1585612800,0.01772,0.01772,0,0
2020-04-30,1588204800,0.01703,0.01703,0,0
2020-05-31,1590883200,0.01557,0.01557,0,0
2020-06-30,1593475200,0.01427,0.01427,0,0
2020-07-31,1596153600,0.01260,0.01260,0,0
2020-08-31,1598832000,0.01208,0.01208,0,0
2020-09-30,1601424000,0.01229,0.01229,0,0
2020-10-30,1604102400,0.01150,0.01150,0,0
2020-11-30,1606694400,0.01234,0.01234,0,0
2020-12-31,1609372800,0.01212,0.01212,0,0
2021-01-29,1612051200,0.01157,0.01157,0,0
2021-02-26,1614470400,0.01531,0.01531,0,0
2021-03-31,1617148800,0.01191,0.01191,0,0
2021-04-30,1619740800,0.01309,0.01309,0,0
2021-05-28,1622419200,0.01319,0.01319,0,0
2021-06-30,1625011200,0.01420,0.01420,0,0
2021-07-30,1627689600,0.01306,0.01306,0,0
2021-08-31,1630368000,0.01221,0.01221,0,0
2021-09-30,1632960000,0.01281,0.01281,0,0
2021-10-29,1635638400,0.01190,0.01190,0,0
2021-11-30,1638230400,0.01279,0.01279,0,0
2021-12-31,1640908800,0.01184,0.01184,0,0
2022-01-31,1643587200,0.01227,0.01227,0,0
2022-02-28,1646006400,0.01433,0.01433,0,0
2022-03-31,1648684800,0.01151,0.01151,0,0
2022-04-29,1651276800,0.01568,0.01568,0,0
2022-05-31,1653955200,0.01541,0.01541,0,0
2022-06-30,1656547200,0.01574,0.01574,0,0
2022-07-29,1659225600,0.01660,0.01660,0,0
2022-08-31,1661904000,0.01825,0.01825,0,0
2022-09-30,1664496000,0.01910,0.01910,0,0
2022-10-31,1667174400,0.01980,0.01980,0,0
2022-11-30,1669766400,0.02199,0.02199,0,0
2022-12-30,1672444800,0.02191,0.02191,0,0
2023-01-31,1675123200,0.02236,0.02236,0,0
2023-02-28,1677542400,0.02550,0.02550,0,0
2023-03-31,1680220800,0.02357,0.02357,0,0
2023-04-28,1682812800,0.02450,0.02450,0,0
2023-05-31,1685491200,0.02464,0.02464,0,0
2023-06-30,1688083200,0.02631,0.02631,0,0
2023-07-31,1690761600,0.02653,0.02653,0,0
2023-08-31,1693440000,0.02571,0.02571,0,0
2023-09-29,1696032000,0.02747,0.02747,0,0
2023-10-31,1698710400,0.02930,0.02930,0,0
2023-11-30,1701302400,0.02961,0.02961,0,0
2023-12-29,1703980800,0.02936,0.02936,0,0
2024-01-31,1706659200,0.02983,0.02983,0,0
2024-02-29,1709164800,0.03048,0.03048,0,0
2024-03-28,1711843200,0.03006,0.03006,0,0
2024-04-30,1714435200,0.03054,0.03054,0,0
2024-05-31,1717113600,0.03006,0.03006,0,0
2024-06-28,1719705600,0.03072,0.03072,0,0
2024-07-31,1722384000,0.03122,0.03122,0,0
2024-08-30,1725062400,0.03077,0.03077,0,0
2024-09-30,1727654400,0.03122,0.03122,0,0
2024-10-31,1730332800,0.03092,0.03092,0,0

Distributions

(As of 31 Oct 2024)

Ex-Date

Payable Date

Total ($)

Income ($)

ST Cap Gains ($)

LT Cap Gains ($)

31 Jan 1987

—

27 Feb 1987

28 Feb 1987

0.01947

—

31 Mar 1987

0.05484

—

30 Apr 1987

0.05936

—

29 May 1987

31 May 1987

0.06638

—

30 Jun 1987

0.06022

—

31 Jul 1987

0.06073

—

31 Aug 1987

0.06053

—

30 Sep 1987

0.06082

—

30 Oct 1987

31 Oct 1987

0.06466

—

30 Nov 1987

0.06757

—

31 Dec 1987

0.06803

—

29 Jan 1988

31 Jan 1988

0.06682

—

29 Feb 1988

0.06030

—

31 Mar 1988

0.06726

—

29 Apr 1988

30 Apr 1988

0.06835

—

31 May 1988

0.06960

—

30 Jun 1988

0.06226

—

29 Jul 1988

31 Jul 1988

0.06358

—

31 Aug 1988

0.06447

—

30 Sep 1988

0.06241

—

31 Oct 1988

0.06407

—

30 Nov 1988

0.06181

—

30 Dec 1988

31 Dec 1988

0.06441

—

31 Jan 1989

0.06551

—

28 Feb 1989

0.05830

—

31 Mar 1989

0.06715

—

28 Apr 1989

30 Apr 1989

0.06429

—

31 May 1989

0.06662

—

30 Jun 1989

0.06574

—

31 Jul 1989

0.06535

—

31 Aug 1989

0.06643

—

29 Sep 1989

30 Sep 1989

0.06460

—

31 Oct 1989

0.06640

—

30 Nov 1989

0.06348

—

29 Dec 1989

31 Dec 1989

0.06627

—

31 Jan 1990

0.06319

—

28 Feb 1990

0.05602

—

30 Mar 1990

31 Mar 1990

0.06497

—

30 Apr 1990

0.06255

—

31 May 1990

0.06503

—

29 Jun 1990

30 Jun 1990

0.06140

—

31 Jul 1990

0.06279

—

31 Aug 1990

0.06418

—

28 Sep 1990

30 Sep 1990

0.06408

—

31 Oct 1990

0.06487

—

30 Nov 1990

0.06272

—

31 Dec 1990

0.06455

—

31 Jan 1991

0.06439

—

28 Feb 1991

0.05811

—

28 Mar 1991

31 Mar 1991

0.06240

—

30 Apr 1991

0.05961

—

31 May 1991

0.06083

—

28 Jun 1991

30 Jun 1991

0.05884

—

31 Jul 1991

0.06134

—

30 Aug 1991

31 Aug 1991

0.06168

—

30 Sep 1991

0.06104

—

31 Oct 1991

0.06236

—

29 Nov 1991

30 Nov 1991

0.05971

—

31 Dec 1991

0.06089

—

31 Jan 1992

0.06242

—

28 Feb 1992

29 Feb 1992

0.05757

—

31 Mar 1992

0.05926

—

30 Apr 1992

0.05956

—

29 May 1992

31 May 1992

0.05947

—

30 Jun 1992

0.05736

—

31 Jul 1992

0.05642

—

31 Aug 1992

0.05552

—

30 Sep 1992

0.05635

—

30 Oct 1992

31 Oct 1992

0.05552

—

30 Nov 1992

0.05424

—

31 Dec 1992

0.05386

—

29 Jan 1993

31 Jan 1993

0.05315

—

26 Feb 1993

28 Feb 1993

0.05236

—

31 Mar 1993

0.05236

—

30 Apr 1993

0.05286

—

28 May 1993

31 May 1993

0.05302

—

30 Jun 1993

0.05307

—

30 Jul 1993

31 Jul 1993

0.05248

—

31 Aug 1993

0.05081

—

30 Sep 1993

0.04832

—

29 Oct 1993

31 Oct 1993

0.04896

—

30 Nov 1993

0.04800

—

31 Dec 1993

0.04722

—

31 Jan 1994

0.04678

—

28 Feb 1994

0.04680

—

31 Mar 1994

0.04779

—

29 Apr 1994

30 Apr 1994

0.04827

—

31 May 1994

0.04832

—

30 Jun 1994

0.04956

—

29 Jul 1994

31 Jul 1994

0.04811

—

31 Aug 1994

0.04996

—

30 Sep 1994

0.04892

—

31 Oct 1994

0.04735

—

30 Nov 1994

0.04829

—

30 Dec 1994

31 Dec 1994

0.04844

—

31 Jan 1995

0.04943

—

28 Feb 1995

0.04922

—

31 Mar 1995

0.04725

—

28 Apr 1995

30 Apr 1995

0.04827

—

31 May 1995

0.04807

—

30 Jun 1995

0.04830

—

31 Jul 1995

0.04907

—

31 Aug 1995

0.04937

—

29 Sep 1995

30 Sep 1995

0.04974

—

31 Oct 1995

0.04926

—

30 Nov 1995

0.04903

—

29 Dec 1995

31 Dec 1995

0.04752

—

31 Jan 1996

0.04671

—

29 Feb 1996

0.04778

—

29 Mar 1996

31 Mar 1996

0.04857

—

30 Apr 1996

0.04879

—

31 May 1996

0.04829

—

28 Jun 1996

30 Jun 1996

0.04917

—

31 Jul 1996

0.04828

—

30 Aug 1996

31 Aug 1996

0.04759

—

30 Sep 1996

0.04770

—

31 Oct 1996

0.04771

—

29 Nov 1996

30 Nov 1996

0.04853

—

31 Dec 1996

0.04759

—

31 Jan 1997

0.04756

—

28 Feb 1997

0.04769

—

31 Mar 1997

0.04666

—

30 Apr 1997

0.04607

—

30 May 1997

31 May 1997

0.04601

—

30 Jun 1997

0.04678

—

31 Jul 1997

0.04651

—

29 Aug 1997

31 Aug 1997

0.04590

—

30 Sep 1997

0.04624

—

31 Oct 1997

0.04583

—

28 Nov 1997

30 Nov 1997

0.04584

—

31 Dec 1997

0.04568

—

30 Jan 1998

31 Jan 1998

0.04516

—

27 Feb 1998

28 Feb 1998

0.04613

—

31 Mar 1998

0.04496

—

30 Apr 1998

0.04530

—

29 May 1998

31 May 1998

0.04492

—

30 Jun 1998

0.04533

—

31 Jul 1998

0.04469

—

31 Aug 1998

0.04502

—

30 Sep 1998

0.04462

—

30 Oct 1998

31 Oct 1998

0.04421

—

30 Nov 1998

0.04460

—

31 Dec 1998

0.04377

—

29 Jan 1999

31 Jan 1999

0.04418

—

26 Feb 1999

28 Feb 1999

0.04563

—

31 Mar 1999

0.04376

—

30 Apr 1999

0.04386

—

28 May 1999

31 May 1999

0.04393

—

30 Jun 1999

0.04413

—

30 Jul 1999

31 Jul 1999

0.04440

—

31 Aug 1999

0.04403

—

30 Sep 1999

0.04467

—

29 Oct 1999

31 Oct 1999

0.04443

—

30 Nov 1999

0.04511

—

31 Dec 1999

0.04456

—

31 Jan 2000

0.04487

—

29 Feb 2000

0.04550

—

31 Mar 2000

0.04520

—

28 Apr 2000

30 Apr 2000

0.04571

—

31 May 2000

0.04563

—

30 Jun 2000

0.04622

—

31 Jul 2000

0.04586

—

31 Aug 2000

0.04566

—

29 Sep 2000

30 Sep 2000

0.04570

—

31 Oct 2000

0.04566

—

30 Nov 2000

0.04591

—

29 Dec 2000

31 Dec 2000

0.04547

—

31 Jan 2001

0.04516

—

28 Feb 2001

0.04525

—

30 Mar 2001

31 Mar 2001

0.04334

—

30 Apr 2001

0.04515

—

31 May 2001

0.04435

—

29 Jun 2001

30 Jun 2001

0.04433

—

31 Jul 2001

0.04241

—

31 Aug 2001

0.04081

—

28 Sep 2001

30 Sep 2001

0.04097

—

31 Oct 2001

0.03850

—

30 Nov 2001

0.03891

—

31 Dec 2001

0.03806

—

31 Jan 2002

0.03886

—

28 Feb 2002

0.03851

—

28 Mar 2002

31 Mar 2002

0.03590

—

30 Apr 2002

0.03678

—

31 May 2002

0.03740

—

28 Jun 2002

30 Jun 2002

0.03623

—

31 Jul 2002

0.03421

—

30 Aug 2002

31 Aug 2002

0.03328

—

30 Sep 2002

0.03332

—

31 Oct 2002

0.03270

—

29 Nov 2002

30 Nov 2002

0.03379

—

31 Dec 2002

0.03199

—

31 Jan 2003

0.03103

—

28 Feb 2003

0.03177

—

31 Mar 2003

0.02884

—

30 Apr 2003

0.02836

—

30 May 2003

31 May 2003

0.02969

—

30 Jun 2003

0.02989

—

31 Jul 2003

0.02746

—

29 Aug 2003

31 Aug 2003

0.02893

—

30 Sep 2003

0.02874

—

31 Oct 2003

0.02751

—

28 Nov 2003

30 Nov 2003

0.02863

—

31 Dec 2003

0.02907

—

30 Jan 2004

31 Jan 2004

0.02939

—

27 Feb 2004

29 Feb 2004

0.03106

—

31 Mar 2004

0.02925

—

30 Apr 2004

0.02915

—

28 May 2004

31 May 2004

0.02910

—

30 Jun 2004

0.02965

—

30 Jul 2004

31 Jul 2004

0.02739

—

31 Aug 2004

0.02731

—

30 Sep 2004

0.02811

—

29 Oct 2004

31 Oct 2004

0.02752

—

30 Nov 2004

0.02873

—

31 Dec 2004

0.02817

—

31 Jan 2005

0.02805

—

28 Feb 2005

0.03084

—

31 Mar 2005

0.02896

—

29 Apr 2005

30 Apr 2005

0.03019

—

31 May 2005

0.02954

—

30 Jun 2005

0.03108

—

29 Jul 2005

31 Jul 2005

0.03019

—

31 Aug 2005

0.03075

—

30 Sep 2005

0.03178

—

31 Oct 2005

0.03083

—

30 Nov 2005

0.03226

—

30 Dec 2005

31 Dec 2005

0.03324

—

31 Jan 2006

0.03314

—

28 Feb 2006

0.03307

—

31 Mar 2006

0.03353

—

28 Apr 2006

30 Apr 2006

0.03447

—

31 May 2006

0.03389

—

30 Jun 2006

0.03423

—

31 Jul 2006

0.03460

—

31 Aug 2006

0.03461

—

29 Sep 2006

30 Sep 2006

0.03580

—

31 Oct 2006

0.03470

—

30 Nov 2006

0.03543

—

29 Dec 2006

31 Dec 2006

0.03513

—

31 Jan 2007

0.03526

—

28 Feb 2007

0.03690

—

30 Mar 2007

31 Mar 2007

0.03533

—

30 Apr 2007

0.03608

—

31 May 2007

0.03587

—

29 Jun 2007

30 Jun 2007

0.03630

—

31 Jul 2007

0.03544

—

31 Aug 2007

0.03582

—

28 Sep 2007

30 Sep 2007

0.03628

—

31 Oct 2007

0.03528

—

30 Nov 2007

0.03541

—

31 Dec 2007

0.03494

—

31 Jan 2008

0.03381

—

29 Feb 2008

0.03603

—

31 Mar 2008

0.03554

—

30 Apr 2008

0.03532

—

30 May 2008

31 May 2008

0.03495

—

30 Jun 2008

0.03394

—

31 Jul 2008

0.03514

—

29 Aug 2008

31 Aug 2008

0.03511

—

30 Sep 2008

0.03667

—

31 Oct 2008

0.03674

—

28 Nov 2008

30 Nov 2008

0.03577

—

31 Dec 2008

0.03579

—

30 Jan 2009

31 Jan 2009

0.03482

—

27 Feb 2009

28 Feb 2009

0.03584

—

31 Mar 2009

0.03424

—

30 Apr 2009

0.03782

—

29 May 2009

31 May 2009

0.03824

—

30 Jun 2009

0.03757

—

31 Jul 2009

0.03828

—

31 Aug 2009

0.03864

—

30 Sep 2009

0.03606

—

30 Oct 2009

31 Oct 2009

0.03387

—

30 Nov 2009

0.03479

—

31 Dec 2009

0.03397

—

29 Jan 2010

31 Jan 2010

0.03431

—

26 Feb 2010

28 Feb 2010

0.03499

—

31 Mar 2010

0.03225

—

30 Apr 2010

0.03325

—

28 May 2010

31 May 2010

0.03202

—

30 Jun 2010

0.03141

—

30 Jul 2010

31 Jul 2010

0.03050

—

31 Aug 2010

0.02883

—

30 Sep 2010

0.02901

—

29 Oct 2010

31 Oct 2010

0.02834

—

30 Nov 2010

0.02858

—

31 Dec 2010

0.02949

—

31 Jan 2011

0.03012

—

28 Feb 2011

0.03259

—

31 Mar 2011

0.03113

—

29 Apr 2011

30 Apr 2011

0.03142

—

31 May 2011

0.03040

—

30 Jun 2011

0.03064

—

29 Jul 2011

31 Jul 2011

0.02829

—

31 Aug 2011

0.02795

—

30 Sep 2011

0.02856

—

31 Oct 2011

0.02828

—

30 Nov 2011

0.02893

—

30 Dec 2011

31 Dec 2011

0.02731

—

31 Jan 2012

0.02646

—

29 Feb 2012

0.02650

—

30 Mar 2012

31 Mar 2012

0.02340

—

30 Apr 2012

0.02335

—

31 May 2012

0.02186

—

29 Jun 2012

30 Jun 2012

0.02345

—

31 Jul 2012

0.02173

—

31 Aug 2012

0.02149

—

28 Sep 2012

30 Sep 2012

0.02195

—

31 Oct 2012

0.02096

—

20 Nov 2012

0.00972

—

0.00000

0.00972

30 Nov 2012

0.02138

—

31 Dec 2012

0.02086

—

31 Jan 2013

0.02015

—

28 Feb 2013

0.02128

—

28 Mar 2013

31 Mar 2013

0.01965

—

30 Apr 2013

0.01982

—

31 May 2013

0.01851

—

28 Jun 2013

30 Jun 2013

0.01864

—

31 Jul 2013

0.01825

—

30 Aug 2013

31 Aug 2013

0.01966

—

30 Sep 2013

0.02059

—

31 Oct 2013

0.01939

—

29 Nov 2013

30 Nov 2013

0.01929

—

31 Dec 2013

0.01928

—

31 Jan 2014

0.01921

—

28 Feb 2014

0.02098

—

31 Mar 2014

0.01871

—

30 Apr 2014

0.01990

—

30 May 2014

31 May 2014

0.01881

—

30 Jun 2014

0.01937

—

31 Jul 2014

0.01880

—

29 Aug 2014

31 Aug 2014

0.01769

—

30 Sep 2014

0.01672

—

31 Oct 2014

0.01727

—

28 Nov 2014

30 Nov 2014

0.01639

—

31 Dec 2014

0.01596

—

30 Jan 2015

31 Jan 2015

0.01511

—

27 Feb 2015

28 Feb 2015

0.01735

—

31 Mar 2015

0.01547

—

30 Apr 2015

0.01576

—

29 May 2015

31 May 2015

0.01497

—

30 Jun 2015

0.01600

—

31 Jul 2015

0.01451

—

31 Aug 2015

0.01697

—

30 Sep 2015

0.01614

—

30 Oct 2015

31 Oct 2015

0.01530

—

30 Nov 2015

0.01572

—

31 Dec 2015

0.01489

—

29 Jan 2016

31 Jan 2016

0.01482

—

29 Feb 2016

0.01659

—

31 Mar 2016

0.01440

—

29 Apr 2016

30 Apr 2016

0.01507

—

31 May 2016

0.01413

—

30 Jun 2016

0.01530

—

29 Jul 2016

31 Jul 2016

0.01405

—

31 Aug 2016

0.01383

—

30 Sep 2016

0.01511

—

31 Oct 2016

0.01390

—

30 Nov 2016

0.01464

—

30 Dec 2016

31 Dec 2016

0.01393

—

31 Jan 2017

0.01498

—

28 Feb 2017

0.01664

—

31 Mar 2017

0.01484

—

28 Apr 2017

30 Apr 2017

0.01618

—

31 May 2017

0.01552

—

30 Jun 2017

0.01606

—

31 Jul 2017

0.01537

—

31 Aug 2017

0.01515

—

29 Sep 2017

30 Sep 2017

0.01578

—

31 Oct 2017

0.01517

—

30 Nov 2017

0.01601

—

29 Dec 2017

31 Dec 2017

0.01586

—

31 Jan 2018

0.01609

—

28 Feb 2018

0.01898

—

29 Mar 2018

31 Mar 2018

0.01715

—

30 Apr 2018

0.01866

—

31 May 2018

0.01715

—

29 Jun 2018

30 Jun 2018

0.01781

—

31 Jul 2018

0.01661

—

31 Aug 2018

0.01709

—

28 Sep 2018

30 Sep 2018

0.01718

—

31 Oct 2018

0.01735

—

30 Nov 2018

0.01830

—

31 Dec 2018

0.01747

—

31 Jan 2019

0.01782

—

28 Feb 2019

0.01991

—

29 Mar 2019

31 Mar 2019

0.01787

—

30 Apr 2019

0.01849

—

31 May 2019

0.01791

—

28 Jun 2019

30 Jun 2019

0.01844

—

31 Jul 2019

0.01735

—

31 Aug 2019

0.01710

—

30 Sep 2019

0.01717

—

31 Oct 2019

0.01583

—

30 Nov 2019

0.01643

—

31 Dec 2019

0.01556

—

31 Jan 2020

0.01501

—

29 Feb 2020

0.01827

—

31 Mar 2020

0.01772

—

30 Apr 2020

0.01703

—

31 May 2020

0.01557

—

30 Jun 2020

0.01427

—

31 Jul 2020

0.01260

—

31 Aug 2020

0.01208

—

30 Sep 2020

0.01229

—

30 Oct 2020

31 Oct 2020

0.01150

—

30 Nov 2020

0.01234

—

31 Dec 2020

0.01212

—

29 Jan 2021

31 Jan 2021

0.01157

—

26 Feb 2021

28 Feb 2021

0.01531

—

31 Mar 2021

0.01191

—

30 Apr 2021

0.01309

—

28 May 2021

31 May 2021

0.01319

—

30 Jun 2021

0.01420

—

30 Jul 2021

31 Jul 2021

0.01306

—

31 Aug 2021

0.01221

—

30 Sep 2021

0.01281

—

29 Oct 2021

31 Oct 2021

0.01190

—

30 Nov 2021

0.01279

—

31 Dec 2021

0.01184

—

31 Jan 2022

0.01227

—

28 Feb 2022

0.01433

—

31 Mar 2022

0.01151

—

29 Apr 2022

30 Apr 2022

0.01568

—

31 May 2022

0.01541

—

30 Jun 2022

0.01574

—

29 Jul 2022

31 Jul 2022

0.01660

—

31 Aug 2022

0.01825

—

30 Sep 2022

0.01910

—

31 Oct 2022

0.01980

—

30 Nov 2022

0.02199

—

30 Dec 2022

31 Dec 2022

0.02191

—

31 Jan 2023

0.02236

—

28 Feb 2023

0.02550

—

31 Mar 2023

0.02357

—

28 Apr 2023

30 Apr 2023

0.02450

—

31 May 2023

0.02464

—

30 Jun 2023

0.02631

—

31 Jul 2023

0.02653

—

31 Aug 2023

0.02571

—

29 Sep 2023

30 Sep 2023

0.02747

—

31 Oct 2023

0.02930

—

30 Nov 2023

0.02961

—

29 Dec 2023

31 Dec 2023

0.02936

—

31 Jan 2024

0.02983

—

29 Feb 2024

0.03048

—

28 Mar 2024

31 Mar 2024

0.03006

—

30 Apr 2024

0.03054

—

31 May 2024

0.03006

—

28 Jun 2024

30 Jun 2024

0.03072

—

31 Jul 2024

0.03122

—

30 Aug 2024

31 Aug 2024

0.03077

—

30 Sep 2024

0.03122

—

31 Oct 2024

0.03092

—

Fund Facts

(As of 30 Sep 2024)

Net Fund Assets

$273.4 M

Benchmark

ICE BofA 1-10 Year U.S. Municipal Securities Index

Morningstar Category

Muni Single State Short

Fund Symbol

LTCAX

Share Class

Share Class Inception Date

19 Feb 1987

Number of Holdings

198

Portfolio Turnover

46%

Distribution Frequency

Monthly

30-Day SEC Yield (Subsidized)

2.32%

30-Day SEC Yield (Unsubsidized)

2.11%

Annualized Distribution Yield

2.81%

Characteristics

Portfolio

(As of 30 Sep 2024)

Portfolio

Benchmark

Effective Duration

3.6 Yrs

Average Effective Maturity

5.0 Yrs

Weighted Average Coupon

4.5%

4.6%

Portfolio

Benchmark

Yield to Worst

3.0%

2.8%

Subject to Alternative Minimum Tax

22.1%

—

Risk & Return Profile

(As of 30 Sep 2024)

10y

Annualized Alpha (%)

0.31

-0.08

-0.22

Standard Deviation (%)

3.80

3.25

2.67

Sharpe Ratio

-0.73

-0.42

-0.15

Up Capture (%)

83.09

77.53

78.76

Down Capture (%)

78.00

78.58

83.73

Past performance does not guarantee future results.

Risk & Return Profile metrics are based on the I share class.

Portfolio

Top Holdings

(As of 31 Aug 2024)

Name

Ticker/Symbol

Sector

Weight %

California Community Choice Financing Authority

13013JDB9

SE_PREPAID_UTILITY

2.8

City of Los Angeles Department of Airports

544445R84

Airport

2.2

Bay Area Toll Authority

072024UJ9

Toll Road

2.0

California Community Choice Financing Authority

13013JCM6

Other Revenue

2.0

Poway Redevelopment Agency Successor Agency

738798AN7

Incremental Tax

1.7

California Community Choice Financing Authority

13013JAP1

SE_PREPAID_UTILITY

1.7

California Health Facilities Financing Authority

13032UUW6

Hospital

1.7

California State University

13077DSZ6

Higher Education

1.5

California Housing Finance Agency

13034DAC8

Multi Family Mortgage

1.5

Los Angeles County Development Authority

54467WAE2

Multi Family Mortgage

1.5

Download Holdings

Portfolio holdings are subject to change daily.

Exposure Breakdown

(As of 30 Sep 2024)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

Airport

13.3

3.3

Industrial Development/Pollution Control

10.6

—

Incremental Tax

9.2

—

Multi Family Mortgage

8.3

2.6

Hospital

6.8

5.7

Prepaid Utility

6.6

—

Appropriation

5.1

4.1

Local General Obligation

4.5

10.5

Student Housing

4.0

—

Special Tax

3.8

—

Cash & Cash Equivalents

1.1

—

Sector Allocation

Fund (%)

Airport

13.3

Industrial Development/Pollution Control

10.6

Incremental Tax

9.2

Multi Family Mortgage

8.3

Hospital

6.8

Prepaid Utility

6.6

Appropriation

5.1

Local General Obligation

4.5

Student Housing

4.0

Special Tax

3.8

Cash & Cash Equivalents

1.1

Credit Quality

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

AAA

13.0

14.1

51.6

56.1

24.8

25.4

BBB

8.6

4.4

Not Rated

0.9

—

Cash & Cash Equivalents

1.1

—

Credit Quality

Fund (%)

AAA

13.0

51.6

24.8

BBB

8.6

Not Rated

0.9

Cash & Cash Equivalents

1.1

Maturity

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

Year 1

17.5

1.0

Year 2

9.3

14.0

Year 3

7.4

13.0

Year 4

5.7

12.0

Year 5

5.9

11.0

Year 6

9.8

11.5

Year 7

9.0

10.4

Year 8

10.4

10.7

Year 9

12.7

8.9

Year 10+

11.3

7.6

Cash

1.1

—

Maturity

Fund (%)

Year 1

17.5

Year 2

9.3

Year 3

7.4

Year 4

5.7

Year 5

5.9

Year 6

9.8

Year 7

9.0

Year 8

10.4

Year 9

12.7

Year 10+

11.3

Cash

1.1

Cash includes cash and cash equivalents. Weights are percentages of total portfolio unless otherwise noted.

The percentages may not add up to 100 due to rounding.

Portfolio Managers

David Ashley, CFA

Portfolio Manager and Managing Director

David Ashley is portfolio manager for Thornburg Investment Management. He joined Thornburg as associate portfolio manager in 2011 and was named portfolio manager in 2019. Dave earned a BS in finance and MBA from the University of Delaware in 2001. He is also a CFA charterholder. Prior to joining Thornburg Investment Management, Dave was a credit analyst for Wilmington Trust…

Learn More

John Bonnell, CFA

Portfolio Manager and Managing Director

John Bonnell, CFA, is portfolio manager and managing director for Thornburg Investment Management. He joined Thornburg’s municipal team in 2021. John has over 30 years of municipal bond investing experience. He spent 25 years of his career at USAA where he was most recently a senior portfolio manager and, in 2010, took on responsibility for co-leading municipal bond strategies. Earlier…

Learn More

Eve Lando, JD

Portfolio Manager and Managing Director

Eve Lando is portfolio manager for Thornburg Investment Management. She joined Thornburg's municipal team in 2019 as associate portfolio manager and was named portfolio manager in 2020. Eve holds a BA in urban studies from Columbia University and a JD from Brooklyn Law School, with a concentration in business law studies. She has extensive experience in municipal bond research and…

Learn More

Literature

Fact Sheet

Commentary

Summary Prospectus

Annual Report

Semi-annual report

Prospectus

Statement of Additional Information (SAI)

Important Information

This communication is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

Investments carry risks, including possible loss of principal. Portfolios investing in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds. The value of bonds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. Unlike bonds, bond funds have ongoing fees and expenses. Investments in the Fund are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.

A bond credit rating assesses the financial ability of a debt issuer to make timely payments of principal and interest. Ratings of AAA (the highest), AA, A, and BBB are investment-grade quality. Ratings of BB, B, CCC, CC, C and D (the lowest) are considered below investment grade, speculative grade, or junk bonds.

Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment losses.

Income earned from municipal bonds is exempt from regular federal and in some cases, state and local income tax. Income may be subject to the alternative minimum tax (AMT).

The laddering strategy does not assure or guarantee better performance than a non-laddered portfolio and cannot eliminate the risk of investment losses.

Class I shares may not be available to all investors. Minimum investments for the I share class may be higher than those for other classes.

There is no guarantee that the Fund will meet its investment objectives.

To determine a fund's Morningstar Rating™, funds and other managed products with at least a three-year history are ranked in their categories by their Morningstar Risk-Adjusted Return scores. The top 10% receive 5 stars; the next 22.5%, 4 stars; the middle 35%, 3 stars; the next 22.5%, 2 stars; and the bottom 10% receive 1 star. The Risk-Adjusted Return accounts for variation in a managed product's monthly excess performance (excluding sales charges), placing more emphasis on downward variations and rewarding consistent performance. Other share classes may have different performance characteristics.

© 2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Please see our glossary for a definition of terms.

Thornburg mutual funds are distributed by Thornburg Securities LLC.

Thornburg Investment Management, Inc. mutual funds are sold through investment professionals including investment advisors, brokerage firms, bank trust departments, trust companies and certain other financial intermediaries. Thornburg Securities LLC (TSL) does not act as broker of record for investors.

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Thornburg California Limited Term Municipal Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

David Ashley, CFA

John Bonnell, CFA

Eve Lando, JD

Literature

Important Information

More Insights

The Power of “May I Ask You…?”

Family Legacy Planning: Passing on More Than Just Wealth

The World’s Best Investment Advice

Transform Customers into Life-Long, Referral-Generating Clients

The ABCs of Personal Finance

Cut to the Chase: Seizing Fixed Income Opportunities

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Thornburg California Limited Term Municipal Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

David Ashley, CFA

John Bonnell, CFA

Eve Lando, JD

Literature

Important Information

More Insights

The Power of “May I Ask You…?”

Family Legacy Planning: Passing on More Than Just Wealth

The World’s Best Investment Advice

Transform Customers into Life-Long, Referral-Generating Clients

The ABCs of Personal Finance

Cut to the Chase: Seizing Fixed Income Opportunities