Thornburg California Limited Term Municipal Fund

SYMBOL: LTCCX

Morningstar Rating • Info

Overall Morningstar Rating among 38 Muni Single State Short funds, based on risk-adjusted returns for class C shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 3 stars, 2 stars and 2 stars among 38, 37 and 30 funds, as of 31 Oct 2024.

As of 31 Oct 2024

Fund Assets

$269.8 M

As of 31 Oct 2024

NAV

$12.92

As of 20 Nov 2024

Change

$0.00

As of 20 Nov 2024

YTD NAV Performance

1.53%

As of 20 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 (%)

1.59

5.80

0.29

0.46

0.73

2.61

Total Return without Sales Charge (%)

2.09

6.32

0.29

0.46

0.73

2.61

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 (%)

0.49

4.93

0.00

0.21

0.58

2.56

Total Return without Sales Charge (%)

0.98

5.44

0.00

0.21

0.58

2.56

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

1.35

6.61

0.39

1.11

1.69

—

Morningstar Category Avg. (%)

1.75

5.71

0.44

0.84

1.19

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return with Sales Charge (%)

1.59

5.80

0.87

2.33

7.51

116.94

Total Return without Sales Charge (%)

2.09

6.32

0.87

2.33

7.51

116.94

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 (%)

0.49

4.93

0.00

1.05

6.00

114.58

Total Return without Sales Charge (%)

0.98

5.44

0.00

1.05

6.00

114.58

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 (%)

-0.31

2.40

1.12

-1.18

-5.20

3.37

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 (%)

1.42

Net Expense Ratio (%)

1.02

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 ($)
            1994-01-31,0
1994-02-28,0
1994-03-31,0
1994-04-30,0
1994-05-31,0
1994-06-30,0
1994-07-31,0
1994-08-31,0
1994-09-30,0.04780
1994-10-31,0.04007
1994-11-30,0.04191
1994-12-31,0.04291
1995-01-31,0.04302
1995-02-28,0.04336
1995-03-31,0.04069
1995-04-30,0.04189
1995-05-31,0.04143
1995-06-30,0.04184
1995-07-31,0.04226
1995-08-31,0.04257
1995-09-30,0.04312
1995-10-31,0.04498
1995-11-30,0.04489
1995-12-31,0.04323
1996-01-31,0.04241
1996-02-29,0.04375
1996-03-31,0.04430
1996-04-30,0.04468
1996-05-31,0.04405
1996-06-30,0.04508
1996-07-31,0.04402
1996-08-31,0.04339
1996-09-30,0.04358
1996-10-31,0.04342
1996-11-30,0.04437
1996-12-31,0.04330
1997-01-31,0.04329
1997-02-28,0.04381
1997-03-31,0.04238
1997-04-30,0.04196
1997-05-31,0.04175
1997-06-30,0.04263
1997-07-31,0.04220
1997-08-31,0.04159
1997-09-30,0.04207
1997-10-31,0.04151
1997-11-30,0.04166
1997-12-31,0.04134
1998-01-31,0.04073
1998-02-28,0.04213
1998-03-31,0.04055
1998-04-30,0.04104
1998-05-31,0.04052
1998-06-30,0.04107
1998-07-31,0.04028
1998-08-31,0.04061
1998-09-30,0.04032
1998-10-31,0.03974
1998-11-30,0.04030
1998-12-31,0.03932
1999-01-31,0.03973
1999-02-28,0.04161
1999-03-31,0.03933
1999-04-30,0.03957
1999-05-31,0.03951
1999-06-30,0.03990
1999-07-31,0.04005
1999-08-31,0.03971
1999-09-30,0.04044
1999-10-31,0.04008
1999-11-30,0.04094
1999-12-31,0.04018
2000-01-31,0.04053
2000-02-29,0.04151
2000-03-31,0.04091
2000-04-30,0.04153
2000-05-31,0.04139
2000-06-30,0.04209
2000-07-31,0.04153
2000-08-31,0.04134
2000-09-30,0.04151
2000-10-31,0.04137
2000-11-30,0.04173
2000-12-31,0.04120
2001-01-31,0.04078
2001-02-28,0.04129
2001-03-31,0.03896
2001-04-30,0.04093
2001-05-31,0.04000
2001-06-30,0.04011
2001-07-31,0.03804
2001-08-31,0.03635
2001-09-30,0.03676
2001-10-31,0.03352
2001-11-30,0.03455
2001-12-31,0.03363
2002-01-31,0.03441
2002-02-28,0.03457
2002-03-31,0.03132
2002-04-30,0.03251
2002-05-31,0.03284
2002-06-30,0.03190
2002-07-31,0.02979
2002-08-31,0.02890
2002-09-30,0.02978
2002-10-31,0.02892
2002-11-30,0.03055
2002-12-31,0.03207
2003-01-31,0.02750
2003-02-28,0.02870
2003-03-31,0.02533
2003-04-30,0.02504
2003-05-31,0.02608
2003-06-30,0.02599
2003-07-31,0.02468
2003-08-31,0.02616
2003-09-30,0.02612
2003-10-31,0.02476
2003-11-30,0.02593
2003-12-31,0.02629
2004-01-31,0.02657
2004-02-29,0.02847
2004-03-31,0.02647
2004-04-30,0.02648
2004-05-31,0.02640
2004-06-30,0.02705
2004-07-31,0.02465
2004-08-31,0.02460
2004-09-30,0.02546
2004-10-31,0.02477
2004-11-30,0.02608
2004-12-31,0.02545
2005-01-31,0.02532
2005-02-28,0.02837
2005-03-31,0.02624
2005-04-30,0.02758
2005-05-31,0.02676
2005-06-30,0.02833
2005-07-31,0.02745
2005-08-31,0.02806
2005-09-30,0.02898
2005-10-31,0.02815
2005-11-30,0.02967
2005-12-31,0.03056
2006-01-31,0.03046
2006-02-28,0.03065
2006-03-31,0.03085
2006-04-30,0.03189
2006-05-31,0.03123
2006-06-30,0.03166
2006-07-31,0.03196
2006-08-31,0.03193
2006-09-30,0.03266
2006-10-31,0.03202
2006-11-30,0.03283
2006-12-31,0.03247
2007-01-31,0.03259
2007-02-28,0.03449
2007-03-31,0.03266
2007-04-30,0.03359
2007-05-31,0.03340
2007-06-30,0.03401
2007-07-31,0.03305
2007-08-31,0.03326
2007-09-30,0.03352
2007-10-31,0.03252
2007-11-30,0.03280
2007-12-31,0.03227
2008-01-31,0.03120
2008-02-29,0.03343
2008-03-31,0.03280
2008-04-30,0.03265
2008-05-31,0.03214
2008-06-30,0.03105
2008-07-31,0.03237
2008-08-31,0.03234
2008-09-30,0.03370
2008-10-31,0.03388
2008-11-30,0.03291
2008-12-31,0.03325
2009-01-31,0.03046
2009-02-28,0.03474
2009-03-31,0.03155
2009-04-30,0.03526
2009-05-31,0.03580
2009-06-30,0.03474
2009-07-31,0.03547
2009-08-31,0.03595
2009-09-30,0.03343
2009-10-31,0.03114
2009-11-30,0.03210
2009-12-31,0.03116
2010-01-31,0.03148
2010-02-28,0.03225
2010-03-31,0.02917
2010-04-30,0.03049
2010-05-31,0.02912
2010-06-30,0.02837
2010-07-31,0.02759
2010-08-31,0.02574
2010-09-30,0.02621
2010-10-31,0.02538
2010-11-30,0.02572
2010-12-31,0.02671
2011-01-31,0.02728
2011-02-28,0.03004
2011-03-31,0.02855
2011-04-30,0.02864
2011-05-31,0.02744
2011-06-30,0.02781
2011-07-31,0.02536
2011-08-31,0.02491
2011-09-30,0.02551
2011-10-31,0.02537
2011-11-30,0.02601
2011-12-31,0.02416
2012-01-31,0.02332
2012-02-29,0.02358
2012-03-31,0.02029
2012-04-30,0.02030
2012-05-31,0.01868
2012-06-30,0.02046
2012-07-31,0.01870
2012-08-31,0.01844
2012-09-30,0.01892
2012-10-31,0.01786
2012-11-20,0.00972
2012-11-30,0.01837
2012-12-31,0.01767
2013-01-31,0.01715
2013-02-28,0.01858
2013-03-31,0.01661
2013-04-30,0.01700
2013-05-31,0.01532
2013-06-30,0.01561
2013-07-31,0.01516
2013-08-31,0.01645
2013-09-30,0.01744
2013-10-31,0.01611
2013-11-30,0.01627
2013-12-31,0.01625
2014-01-31,0.01616
2014-02-28,0.01822
2014-03-31,0.01567
2014-04-30,0.01695
2014-05-31,0.01563
2014-06-30,0.01627
2014-07-31,0.01579
2014-08-31,0.01518
2014-09-30,0.01440
2014-10-31,0.01418
2014-11-30,0.01345
2014-12-31,0.01290
2015-01-31,0.01235
2015-02-28,0.01472
2015-03-31,0.01252
2015-04-30,0.01310
2015-05-31,0.01226
2015-06-30,0.01339
2015-07-31,0.01186
2015-08-31,0.01439
2015-09-30,0.01372
2015-10-31,0.01238
2015-11-30,0.01290
2015-12-31,0.01197
2016-01-31,0.01192
2016-02-29,0.01386
2016-03-31,0.01151
2016-04-30,0.01228
2016-05-31,0.01123
2016-06-30,0.01248
2016-07-31,0.01117
2016-08-31,0.01092
2016-09-30,0.01226
2016-10-31,0.01098
2016-11-30,0.01190
2016-12-31,0.01118
2017-01-31,0.01221
2017-02-28,0.01415
2017-03-31,0.01209
2017-04-30,0.01344
2017-05-31,0.01258
2017-06-30,0.01314
2017-07-31,0.01229
2017-08-31,0.01195
2017-09-30,0.01262
2017-10-31,0.01202
2017-11-30,0.01299
2017-12-31,0.01284
2018-01-31,0.01308
2018-02-28,0.01628
2018-03-31,0.01416
2018-04-30,0.01574
2018-05-31,0.01414
2018-06-30,0.01484
2018-07-31,0.01344
2018-08-31,0.01391
2018-09-30,0.01425
2018-10-31,0.01424
2018-11-30,0.01527
2018-12-31,0.01433
2019-01-31,0.01467
2019-02-28,0.01702
2019-03-31,0.01460
2019-04-30,0.01550
2019-05-31,0.01482
2019-06-30,0.01537
2019-07-31,0.01399
2019-08-31,0.01365
2019-09-30,0.01383
2019-10-31,0.01240
2019-11-30,0.01310
2019-12-31,0.01212
2020-01-31,0.01194
2020-02-29,0.01520
2020-03-31,0.01450
2020-04-30,0.01390
2020-05-31,0.01233
2020-06-30,0.01111
2020-07-31,0.00926
2020-08-31,0.00879
2020-09-30,0.00910
2020-10-31,0.00814
2020-11-30,0.00917
2020-12-31,0.00881
2021-01-31,0.00829
2021-02-28,0.01234
2021-03-31,0.00866
2021-04-30,0.00990
2021-05-31,0.00991
2021-06-30,0.01103
2021-07-31,0.00979
2021-08-31,0.00894
2021-09-30,0.00965
2021-10-31,0.00864
2021-11-30,0.00963
2021-12-31,0.00856
2022-01-31,0.00907
2022-02-28,0.01146
2022-03-31,0.00829
2022-04-30,0.01271
2022-05-31,0.01237
2022-06-30,0.01277
2022-07-31,0.01351
2022-08-31,0.01518
2022-09-30,0.01617
2022-10-31,0.01681
2022-11-30,0.01907
2022-12-31,0.01891
2023-01-31,0.01930
2023-02-28,0.02274
2023-03-31,0.02053
2023-04-30,0.02154
2023-05-31,0.02162
2023-06-30,0.02336
2023-07-31,0.02347
2023-08-31,0.02267
2023-09-30,0.02453
2023-10-31,0.02635
2023-11-30,0.02672
2023-12-31,0.02633
2024-01-31,0.02671
2024-02-29,0.02757
2024-03-31,0.02700
2024-04-30,0.02760
2024-05-31,0.02693
2024-06-30,0.02781
2024-07-31,0.02818
2024-08-31,0.02771
2024-09-30,0.02825
2024-10-31,0.02785

            Ex-Date, Payable Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
1994-01-31,759974400,0,0,0,0
1994-02-28,762393600,0,0,0,0
1994-03-31,765072000,0,0,0,0
1994-04-30,767664000,0,0,0,0
1994-05-31,770342400,0,0,0,0
1994-06-30,772934400,0,0,0,0
1994-07-31,775612800,0,0,0,0
1994-08-31,778291200,0,0,0,0
1994-09-30,780883200,0.04780,0.04780,0,0
1994-10-31,783561600,0.04007,0.04007,0,0
1994-11-30,786153600,0.04191,0.04191,0,0
1994-12-30,788832000,0.04291,0.04291,0,0
1995-01-31,791510400,0.04302,0.04302,0,0
1995-02-28,793929600,0.04336,0.04336,0,0
1995-03-30,796608000,0.04069,0.04069,0,0
1995-04-28,799200000,0.04189,0.04189,0,0
1995-05-31,801878400,0.04143,0.04143,0,0
1995-06-30,804470400,0.04184,0.04184,0,0
1995-07-31,807148800,0.04226,0.04226,0,0
1995-08-31,809827200,0.04257,0.04257,0,0
1995-09-29,812419200,0.04312,0.04312,0,0
1995-10-31,815097600,0.04498,0.04498,0,0
1995-11-30,817689600,0.04489,0.04489,0,0
1995-12-29,820368000,0.04323,0.04323,0,0
1996-01-31,823046400,0.04241,0.04241,0,0
1996-02-29,825552000,0.04375,0.04375,0,0
1996-03-29,828230400,0.04430,0.04430,0,0
1996-04-30,830822400,0.04468,0.04468,0,0
1996-05-31,833500800,0.04405,0.04405,0,0
1996-06-28,836092800,0.04508,0.04508,0,0
1996-07-31,838771200,0.04402,0.04402,0,0
1996-08-30,841449600,0.04339,0.04339,0,0
1996-09-30,844041600,0.04358,0.04358,0,0
1996-10-31,846720000,0.04342,0.04342,0,0
1996-11-29,849312000,0.04437,0.04437,0,0
1996-12-31,851990400,0.04330,0.04330,0,0
1997-01-31,854668800,0.04329,0.04329,0,0
1997-02-28,857088000,0.04381,0.04381,0,0
1997-03-31,859766400,0.04238,0.04238,0,0
1997-04-30,862358400,0.04196,0.04196,0,0
1997-05-30,865036800,0.04175,0.04175,0,0
1997-06-30,867628800,0.04263,0.04263,0,0
1997-07-31,870307200,0.04220,0.04220,0,0
1997-08-29,872985600,0.04159,0.04159,0,0
1997-09-30,875577600,0.04207,0.04207,0,0
1997-10-31,878256000,0.04151,0.04151,0,0
1997-11-28,880848000,0.04166,0.04166,0,0
1997-12-31,883526400,0.04134,0.04134,0,0
1998-01-30,886204800,0.04073,0.04073,0,0
1998-02-27,888624000,0.04213,0.04213,0,0
1998-03-31,891302400,0.04055,0.04055,0,0
1998-04-30,893894400,0.04104,0.04104,0,0
1998-05-29,896572800,0.04052,0.04052,0,0
1998-06-30,899164800,0.04107,0.04107,0,0
1998-07-31,901843200,0.04028,0.04028,0,0
1998-08-31,904521600,0.04061,0.04061,0,0
1998-09-30,907113600,0.04032,0.04032,0,0
1998-10-30,909792000,0.03974,0.03974,0,0
1998-11-30,912384000,0.04030,0.04030,0,0
1998-12-31,915062400,0.03932,0.03932,0,0
1999-01-29,917740800,0.03973,0.03973,0,0
1999-02-26,920160000,0.04161,0.04161,0,0
1999-03-31,922838400,0.03933,0.03933,0,0
1999-04-30,925430400,0.03957,0.03957,0,0
1999-05-28,928108800,0.03951,0.03951,0,0
1999-06-30,930700800,0.03990,0.03990,0,0
1999-07-30,933379200,0.04005,0.04005,0,0
1999-08-31,936057600,0.03971,0.03971,0,0
1999-09-30,938649600,0.04044,0.04044,0,0
1999-10-29,941328000,0.04008,0.04008,0,0
1999-11-30,943920000,0.04094,0.04094,0,0
1999-12-31,946598400,0.04018,0.04018,0,0
2000-01-31,949276800,0.04053,0.04053,0,0
2000-02-29,951782400,0.04151,0.04151,0,0
2000-03-31,954460800,0.04091,0.04091,0,0
2000-04-28,957052800,0.04153,0.04153,0,0
2000-05-31,959731200,0.04139,0.04139,0,0
2000-06-30,962323200,0.04209,0.04209,0,0
2000-07-31,965001600,0.04153,0.04153,0,0
2000-08-31,967680000,0.04134,0.04134,0,0
2000-09-29,970272000,0.04151,0.04151,0,0
2000-10-31,972950400,0.04137,0.04137,0,0
2000-11-30,975542400,0.04173,0.04173,0,0
2000-12-29,978220800,0.04120,0.04120,0,0
2001-01-31,980899200,0.04078,0.04078,0,0
2001-02-28,983318400,0.04129,0.04129,0,0
2001-03-30,985996800,0.03896,0.03896,0,0
2001-04-30,988588800,0.04093,0.04093,0,0
2001-05-31,991267200,0.04000,0.04000,0,0
2001-06-29,993859200,0.04011,0.04011,0,0
2001-07-31,996537600,0.03804,0.03804,0,0
2001-08-31,999216000,0.03635,0.03635,0,0
2001-09-28,1001808000,0.03676,0.03676,0,0
2001-10-31,1004486400,0.03352,0.03352,0,0
2001-11-30,1007078400,0.03455,0.03455,0,0
2001-12-31,1009756800,0.03363,0.03363,0,0
2002-01-31,1012435200,0.03441,0.03441,0,0
2002-02-28,1014854400,0.03457,0.03457,0,0
2002-03-28,1017532800,0.03132,0.03132,0,0
2002-04-30,1020124800,0.03251,0.03251,0,0
2002-05-31,1022803200,0.03284,0.03284,0,0
2002-06-28,1025395200,0.03190,0.03190,0,0
2002-07-31,1028073600,0.02979,0.02979,0,0
2002-08-30,1030752000,0.02890,0.02890,0,0
2002-09-30,1033344000,0.02978,0.02978,0,0
2002-10-31,1036022400,0.02892,0.02892,0,0
2002-11-29,1038614400,0.03055,0.03055,0,0
2002-12-31,1041292800,0.03207,0.03207,0,0
2003-01-31,1043971200,0.02750,0.02750,0,0
2003-02-28,1046390400,0.02870,0.02870,0,0
2003-03-31,1049068800,0.02533,0.02533,0,0
2003-04-30,1051660800,0.02504,0.02504,0,0
2003-05-30,1054339200,0.02608,0.02608,0,0
2003-06-30,1056931200,0.02599,0.02599,0,0
2003-07-31,1059609600,0.02468,0.02468,0,0
2003-08-29,1062288000,0.02616,0.02616,0,0
2003-09-30,1064880000,0.02612,0.02612,0,0
2003-10-31,1067558400,0.02476,0.02476,0,0
2003-11-28,1070150400,0.02593,0.02593,0,0
2003-12-31,1072828800,0.02629,0.02629,0,0
2004-01-30,1075507200,0.02657,0.02657,0,0
2004-02-27,1078012800,0.02847,0.02847,0,0
2004-03-31,1080691200,0.02647,0.02647,0,0
2004-04-30,1083283200,0.02648,0.02648,0,0
2004-05-28,1085961600,0.02640,0.02640,0,0
2004-06-30,1088553600,0.02705,0.02705,0,0
2004-07-30,1091232000,0.02465,0.02465,0,0
2004-08-31,1093910400,0.02460,0.02460,0,0
2004-09-30,1096502400,0.02546,0.02546,0,0
2004-10-29,1099180800,0.02477,0.02477,0,0
2004-11-30,1101772800,0.02608,0.02608,0,0
2004-12-31,1104451200,0.02545,0.02545,0,0
2005-01-31,1107129600,0.02532,0.02532,0,0
2005-02-28,1109548800,0.02837,0.02837,0,0
2005-03-31,1112227200,0.02624,0.02624,0,0
2005-04-29,1114819200,0.02758,0.02758,0,0
2005-05-31,1117497600,0.02676,0.02676,0,0
2005-06-30,1120089600,0.02833,0.02833,0,0
2005-07-29,1122768000,0.02745,0.02745,0,0
2005-08-31,1125446400,0.02806,0.02806,0,0
2005-09-30,1128038400,0.02898,0.02898,0,0
2005-10-31,1130716800,0.02815,0.02815,0,0
2005-11-30,1133308800,0.02967,0.02967,0,0
2005-12-30,1135987200,0.03056,0.03056,0,0
2006-01-31,1138665600,0.03046,0.03046,0,0
2006-02-28,1141084800,0.03065,0.03065,0,0
2006-03-31,1143763200,0.03085,0.03085,0,0
2006-04-28,1146355200,0.03189,0.03189,0,0
2006-05-31,1149033600,0.03123,0.03123,0,0
2006-06-30,1151625600,0.03166,0.03166,0,0
2006-07-31,1154304000,0.03196,0.03196,0,0
2006-08-31,1156982400,0.03193,0.03193,0,0
2006-09-29,1159574400,0.03266,0.03266,0,0
2006-10-31,1162252800,0.03202,0.03202,0,0
2006-11-30,1164844800,0.03283,0.03283,0,0
2006-12-29,1167523200,0.03247,0.03247,0,0
2007-01-31,1170201600,0.03259,0.03259,0,0
2007-02-28,1172620800,0.03449,0.03449,0,0
2007-03-30,1175299200,0.03266,0.03266,0,0
2007-04-30,1177891200,0.03359,0.03359,0,0
2007-05-31,1180569600,0.03340,0.03340,0,0
2007-06-29,1183161600,0.03401,0.03401,0,0
2007-07-31,1185840000,0.03305,0.03305,0,0
2007-08-31,1188518400,0.03326,0.03326,0,0
2007-09-28,1191110400,0.03352,0.03352,0,0
2007-10-31,1193788800,0.03252,0.03252,0,0
2007-11-30,1196380800,0.03280,0.03280,0,0
2007-12-31,1199059200,0.03227,0.03227,0,0
2008-01-31,1201737600,0.03120,0.03120,0,0
2008-02-29,1204243200,0.03343,0.03343,0,0
2008-03-31,1206921600,0.03280,0.03280,0,0
2008-04-30,1209513600,0.03265,0.03265,0,0
2008-05-30,1212192000,0.03214,0.03214,0,0
2008-06-30,1214784000,0.03105,0.03105,0,0
2008-07-31,1217462400,0.03237,0.03237,0,0
2008-08-29,1220140800,0.03234,0.03234,0,0
2008-09-30,1222732800,0.03370,0.03370,0,0
2008-10-31,1225411200,0.03388,0.03388,0,0
2008-11-28,1228003200,0.03291,0.03291,0,0
2008-12-31,1230681600,0.03325,0.03325,0,0
2009-01-30,1233360000,0.03046,0.03046,0,0
2009-02-27,1235779200,0.03474,0.03474,0,0
2009-03-31,1238457600,0.03155,0.03155,0,0
2009-04-30,1241049600,0.03526,0.03526,0,0
2009-05-29,1243728000,0.03580,0.03580,0,0
2009-06-30,1246320000,0.03474,0.03474,0,0
2009-07-31,1248998400,0.03547,0.03547,0,0
2009-08-31,1251676800,0.03595,0.03595,0,0
2009-09-30,1254268800,0.03343,0.03343,0,0
2009-10-30,1256947200,0.03114,0.03114,0,0
2009-11-30,1259539200,0.03210,0.03210,0,0
2009-12-31,1262217600,0.03116,0.03116,0,0
2010-01-29,1264896000,0.03148,0.03148,0,0
2010-02-26,1267315200,0.03225,0.03225,0,0
2010-03-31,1269993600,0.02917,0.02917,0,0
2010-04-30,1272585600,0.03049,0.03049,0,0
2010-05-28,1275264000,0.02912,0.02912,0,0
2010-06-30,1277856000,0.02837,0.02837,0,0
2010-07-30,1280534400,0.02759,0.02759,0,0
2010-08-31,1283212800,0.02574,0.02574,0,0
2010-09-30,1285804800,0.02621,0.02621,0,0
2010-10-29,1288483200,0.02538,0.02538,0,0
2010-11-30,1291075200,0.02572,0.02572,0,0
2010-12-31,1293753600,0.02671,0.02671,0,0
2011-01-31,1296432000,0.02728,0.02728,0,0
2011-02-28,1298851200,0.03004,0.03004,0,0
2011-03-31,1301529600,0.02855,0.02855,0,0
2011-04-29,1304121600,0.02864,0.02864,0,0
2011-05-31,1306800000,0.02744,0.02744,0,0
2011-06-30,1309392000,0.02781,0.02781,0,0
2011-07-29,1312070400,0.02536,0.02536,0,0
2011-08-31,1314748800,0.02491,0.02491,0,0
2011-09-30,1317340800,0.02551,0.02551,0,0
2011-10-31,1320019200,0.02537,0.02537,0,0
2011-11-30,1322611200,0.02601,0.02601,0,0
2011-12-30,1325289600,0.02416,0.02416,0,0
2012-01-31,1327968000,0.02332,0.02332,0,0
2012-02-29,1330473600,0.02358,0.02358,0,0
2012-03-30,1333152000,0.02029,0.02029,0,0
2012-04-30,1335744000,0.02030,0.02030,0,0
2012-05-31,1338422400,0.01868,0.01868,0,0
2012-06-29,1341014400,0.02046,0.02046,0,0
2012-07-31,1343692800,0.01870,0.01870,0,0
2012-08-31,1346371200,0.01844,0.01844,0,0
2012-09-28,1348963200,0.01892,0.01892,0,0
2012-10-31,1351641600,0.01786,0.01786,0,0
2012-11-20,1353369600,0.00972,0,0.00000,0.00972
2012-11-30,1354233600,0.01837,0.01837,0,0
2012-12-31,1356912000,0.01767,0.01767,0,0
2013-01-31,1359590400,0.01715,0.01715,0,0
2013-02-28,1362009600,0.01858,0.01858,0,0
2013-03-28,1364688000,0.01661,0.01661,0,0
2013-04-30,1367280000,0.01700,0.01700,0,0
2013-05-31,1369958400,0.01532,0.01532,0,0
2013-06-28,1372550400,0.01561,0.01561,0,0
2013-07-31,1375228800,0.01516,0.01516,0,0
2013-08-30,1377907200,0.01645,0.01645,0,0
2013-09-30,1380499200,0.01744,0.01744,0,0
2013-10-31,1383177600,0.01611,0.01611,0,0
2013-11-29,1385769600,0.01627,0.01627,0,0
2013-12-31,1388448000,0.01625,0.01625,0,0
2014-01-31,1391126400,0.01616,0.01616,0,0
2014-02-28,1393545600,0.01822,0.01822,0,0
2014-03-31,1396224000,0.01567,0.01567,0,0
2014-04-30,1398816000,0.01695,0.01695,0,0
2014-05-30,1401494400,0.01563,0.01563,0,0
2014-06-30,1404086400,0.01627,0.01627,0,0
2014-07-31,1406764800,0.01579,0.01579,0,0
2014-08-29,1409443200,0.01518,0.01518,0,0
2014-09-30,1412035200,0.01440,0.01440,0,0
2014-10-31,1414713600,0.01418,0.01418,0,0
2014-11-28,1417305600,0.01345,0.01345,0,0
2014-12-31,1419984000,0.01290,0.01290,0,0
2015-01-30,1422662400,0.01235,0.01235,0,0
2015-02-27,1425081600,0.01472,0.01472,0,0
2015-03-31,1427760000,0.01252,0.01252,0,0
2015-04-30,1430352000,0.01310,0.01310,0,0
2015-05-29,1433030400,0.01226,0.01226,0,0
2015-06-30,1435622400,0.01339,0.01339,0,0
2015-07-31,1438300800,0.01186,0.01186,0,0
2015-08-31,1440979200,0.01439,0.01439,0,0
2015-09-30,1443571200,0.01372,0.01372,0,0
2015-10-30,1446249600,0.01238,0.01238,0,0
2015-11-30,1448841600,0.01290,0.01290,0,0
2015-12-31,1451520000,0.01197,0.01197,0,0
2016-01-29,1454198400,0.01192,0.01192,0,0
2016-02-29,1456704000,0.01386,0.01386,0,0
2016-03-31,1459382400,0.01151,0.01151,0,0
2016-04-29,1461974400,0.01228,0.01228,0,0
2016-05-31,1464652800,0.01123,0.01123,0,0
2016-06-30,1467244800,0.01248,0.01248,0,0
2016-07-29,1469923200,0.01117,0.01117,0,0
2016-08-31,1472601600,0.01092,0.01092,0,0
2016-09-30,1475193600,0.01226,0.01226,0,0
2016-10-31,1477872000,0.01098,0.01098,0,0
2016-11-30,1480464000,0.01190,0.01190,0,0
2016-12-30,1483142400,0.01118,0.01118,0,0
2017-01-31,1485820800,0.01221,0.01221,0,0
2017-02-28,1488240000,0.01415,0.01415,0,0
2017-03-31,1490918400,0.01209,0.01209,0,0
2017-04-28,1493510400,0.01344,0.01344,0,0
2017-05-31,1496188800,0.01258,0.01258,0,0
2017-06-30,1498780800,0.01314,0.01314,0,0
2017-07-31,1501459200,0.01229,0.01229,0,0
2017-08-31,1504137600,0.01195,0.01195,0,0
2017-09-29,1506729600,0.01262,0.01262,0,0
2017-10-31,1509408000,0.01202,0.01202,0,0
2017-11-30,1512000000,0.01299,0.01299,0,0
2017-12-29,1514678400,0.01284,0.01284,0,0
2018-01-31,1517356800,0.01308,0.01308,0,0
2018-02-28,1519776000,0.01628,0.01628,0,0
2018-03-29,1522454400,0.01416,0.01416,0,0
2018-04-30,1525046400,0.01574,0.01574,0,0
2018-05-31,1527724800,0.01414,0.01414,0,0
2018-06-29,1530316800,0.01484,0.01484,0,0
2018-07-31,1532995200,0.01344,0.01344,0,0
2018-08-31,1535673600,0.01391,0.01391,0,0
2018-09-28,1538265600,0.01425,0.01425,0,0
2018-10-31,1540944000,0.01424,0.01424,0,0
2018-11-30,1543536000,0.01527,0.01527,0,0
2018-12-31,1546214400,0.01433,0.01433,0,0
2019-01-31,1548892800,0.01467,0.01467,0,0
2019-02-28,1551312000,0.01702,0.01702,0,0
2019-03-29,1553990400,0.01460,0.01460,0,0
2019-04-30,1556582400,0.01550,0.01550,0,0
2019-05-31,1559260800,0.01482,0.01482,0,0
2019-06-28,1561852800,0.01537,0.01537,0,0
2019-07-31,1564531200,0.01399,0.01399,0,0
2019-08-31,1567209600,0.01365,0.01365,0,0
2019-09-30,1569801600,0.01383,0.01383,0,0
2019-10-31,1572480000,0.01240,0.01240,0,0
2019-11-30,1575072000,0.01310,0.01310,0,0
2019-12-31,1577750400,0.01212,0.01212,0,0
2020-01-31,1580428800,0.01194,0.01194,0,0
2020-02-29,1582934400,0.01520,0.01520,0,0
2020-03-31,1585612800,0.01450,0.01450,0,0
2020-04-30,1588204800,0.01390,0.01390,0,0
2020-05-31,1590883200,0.01233,0.01233,0,0
2020-06-30,1593475200,0.01111,0.01111,0,0
2020-07-31,1596153600,0.00926,0.00926,0,0
2020-08-31,1598832000,0.00879,0.00879,0,0
2020-09-30,1601424000,0.00910,0.00910,0,0
2020-10-30,1604102400,0.00814,0.00814,0,0
2020-11-30,1606694400,0.00917,0.00917,0,0
2020-12-31,1609372800,0.00881,0.00881,0,0
2021-01-29,1612051200,0.00829,0.00829,0,0
2021-02-26,1614470400,0.01234,0.01234,0,0
2021-03-31,1617148800,0.00866,0.00866,0,0
2021-04-30,1619740800,0.00990,0.00990,0,0
2021-05-28,1622419200,0.00991,0.00991,0,0
2021-06-30,1625011200,0.01103,0.01103,0,0
2021-07-30,1627689600,0.00979,0.00979,0,0
2021-08-31,1630368000,0.00894,0.00894,0,0
2021-09-30,1632960000,0.00965,0.00965,0,0
2021-10-29,1635638400,0.00864,0.00864,0,0
2021-11-30,1638230400,0.00963,0.00963,0,0
2021-12-31,1640908800,0.00856,0.00856,0,0
2022-01-31,1643587200,0.00907,0.00907,0,0
2022-02-28,1646006400,0.01146,0.01146,0,0
2022-03-31,1648684800,0.00829,0.00829,0,0
2022-04-29,1651276800,0.01271,0.01271,0,0
2022-05-31,1653955200,0.01237,0.01237,0,0
2022-06-30,1656547200,0.01277,0.01277,0,0
2022-07-29,1659225600,0.01351,0.01351,0,0
2022-08-31,1661904000,0.01518,0.01518,0,0
2022-09-30,1664496000,0.01617,0.01617,0,0
2022-10-31,1667174400,0.01681,0.01681,0,0
2022-11-30,1669766400,0.01907,0.01907,0,0
2022-12-30,1672444800,0.01891,0.01891,0,0
2023-01-31,1675123200,0.01930,0.01930,0,0
2023-02-28,1677542400,0.02274,0.02274,0,0
2023-03-31,1680220800,0.02053,0.02053,0,0
2023-04-28,1682812800,0.02154,0.02154,0,0
2023-05-31,1685491200,0.02162,0.02162,0,0
2023-06-30,1688083200,0.02336,0.02336,0,0
2023-07-31,1690761600,0.02347,0.02347,0,0
2023-08-31,1693440000,0.02267,0.02267,0,0
2023-09-29,1696032000,0.02453,0.02453,0,0
2023-10-31,1698710400,0.02635,0.02635,0,0
2023-11-30,1701302400,0.02672,0.02672,0,0
2023-12-29,1703980800,0.02633,0.02633,0,0
2024-01-31,1706659200,0.02671,0.02671,0,0
2024-02-29,1709164800,0.02757,0.02757,0,0
2024-03-28,1711843200,0.02700,0.02700,0,0
2024-04-30,1714435200,0.02760,0.02760,0,0
2024-05-31,1717113600,0.02693,0.02693,0,0
2024-06-28,1719705600,0.02781,0.02781,0,0
2024-07-31,1722384000,0.02818,0.02818,0,0
2024-08-30,1725062400,0.02771,0.02771,0,0
2024-09-30,1727654400,0.02825,0.02825,0,0
2024-10-31,1730332800,0.02785,0.02785,0,0

Distributions

(As of 31 Oct 2024)

Ex-Date

Payable Date

Total ($)

Income ($)

ST Cap Gains ($)

LT Cap Gains ($)

31 Jan 1994

—

28 Feb 1994

—

31 Mar 1994

—

30 Apr 1994

—

31 May 1994

—

30 Jun 1994

—

31 Jul 1994

—

31 Aug 1994

—

30 Sep 1994

0.04780

—

31 Oct 1994

0.04007

—

30 Nov 1994

0.04191

—

30 Dec 1994

31 Dec 1994

0.04291

—

31 Jan 1995

0.04302

—

28 Feb 1995

0.04336

—

30 Mar 1995

31 Mar 1995

0.04069

—

28 Apr 1995

30 Apr 1995

0.04189

—

31 May 1995

0.04143

—

30 Jun 1995

0.04184

—

31 Jul 1995

0.04226

—

31 Aug 1995

0.04257

—

29 Sep 1995

30 Sep 1995

0.04312

—

31 Oct 1995

0.04498

—

30 Nov 1995

0.04489

—

29 Dec 1995

31 Dec 1995

0.04323

—

31 Jan 1996

0.04241

—

29 Feb 1996

0.04375

—

29 Mar 1996

31 Mar 1996

0.04430

—

30 Apr 1996

0.04468

—

31 May 1996

0.04405

—

28 Jun 1996

30 Jun 1996

0.04508

—

31 Jul 1996

0.04402

—

30 Aug 1996

31 Aug 1996

0.04339

—

30 Sep 1996

0.04358

—

31 Oct 1996

0.04342

—

29 Nov 1996

30 Nov 1996

0.04437

—

31 Dec 1996

0.04330

—

31 Jan 1997

0.04329

—

28 Feb 1997

0.04381

—

31 Mar 1997

0.04238

—

30 Apr 1997

0.04196

—

30 May 1997

31 May 1997

0.04175

—

30 Jun 1997

0.04263

—

31 Jul 1997

0.04220

—

29 Aug 1997

31 Aug 1997

0.04159

—

30 Sep 1997

0.04207

—

31 Oct 1997

0.04151

—

28 Nov 1997

30 Nov 1997

0.04166

—

31 Dec 1997

0.04134

—

30 Jan 1998

31 Jan 1998

0.04073

—

27 Feb 1998

28 Feb 1998

0.04213

—

31 Mar 1998

0.04055

—

30 Apr 1998

0.04104

—

29 May 1998

31 May 1998

0.04052

—

30 Jun 1998

0.04107

—

31 Jul 1998

0.04028

—

31 Aug 1998

0.04061

—

30 Sep 1998

0.04032

—

30 Oct 1998

31 Oct 1998

0.03974

—

30 Nov 1998

0.04030

—

31 Dec 1998

0.03932

—

29 Jan 1999

31 Jan 1999

0.03973

—

26 Feb 1999

28 Feb 1999

0.04161

—

31 Mar 1999

0.03933

—

30 Apr 1999

0.03957

—

28 May 1999

31 May 1999

0.03951

—

30 Jun 1999

0.03990

—

30 Jul 1999

31 Jul 1999

0.04005

—

31 Aug 1999

0.03971

—

30 Sep 1999

0.04044

—

29 Oct 1999

31 Oct 1999

0.04008

—

30 Nov 1999

0.04094

—

31 Dec 1999

0.04018

—

31 Jan 2000

0.04053

—

29 Feb 2000

0.04151

—

31 Mar 2000

0.04091

—

28 Apr 2000

30 Apr 2000

0.04153

—

31 May 2000

0.04139

—

30 Jun 2000

0.04209

—

31 Jul 2000

0.04153

—

31 Aug 2000

0.04134

—

29 Sep 2000

30 Sep 2000

0.04151

—

31 Oct 2000

0.04137

—

30 Nov 2000

0.04173

—

29 Dec 2000

31 Dec 2000

0.04120

—

31 Jan 2001

0.04078

—

28 Feb 2001

0.04129

—

30 Mar 2001

31 Mar 2001

0.03896

—

30 Apr 2001

0.04093

—

31 May 2001

0.04000

—

29 Jun 2001

30 Jun 2001

0.04011

—

31 Jul 2001

0.03804

—

31 Aug 2001

0.03635

—

28 Sep 2001

30 Sep 2001

0.03676

—

31 Oct 2001

0.03352

—

30 Nov 2001

0.03455

—

31 Dec 2001

0.03363

—

31 Jan 2002

0.03441

—

28 Feb 2002

0.03457

—

28 Mar 2002

31 Mar 2002

0.03132

—

30 Apr 2002

0.03251

—

31 May 2002

0.03284

—

28 Jun 2002

30 Jun 2002

0.03190

—

31 Jul 2002

0.02979

—

30 Aug 2002

31 Aug 2002

0.02890

—

30 Sep 2002

0.02978

—

31 Oct 2002

0.02892

—

29 Nov 2002

30 Nov 2002

0.03055

—

31 Dec 2002

0.03207

—

31 Jan 2003

0.02750

—

28 Feb 2003

0.02870

—

31 Mar 2003

0.02533

—

30 Apr 2003

0.02504

—

30 May 2003

31 May 2003

0.02608

—

30 Jun 2003

0.02599

—

31 Jul 2003

0.02468

—

29 Aug 2003

31 Aug 2003

0.02616

—

30 Sep 2003

0.02612

—

31 Oct 2003

0.02476

—

28 Nov 2003

30 Nov 2003

0.02593

—

31 Dec 2003

0.02629

—

30 Jan 2004

31 Jan 2004

0.02657

—

27 Feb 2004

29 Feb 2004

0.02847

—

31 Mar 2004

0.02647

—

30 Apr 2004

0.02648

—

28 May 2004

31 May 2004

0.02640

—

30 Jun 2004

0.02705

—

30 Jul 2004

31 Jul 2004

0.02465

—

31 Aug 2004

0.02460

—

30 Sep 2004

0.02546

—

29 Oct 2004

31 Oct 2004

0.02477

—

30 Nov 2004

0.02608

—

31 Dec 2004

0.02545

—

31 Jan 2005

0.02532

—

28 Feb 2005

0.02837

—

31 Mar 2005

0.02624

—

29 Apr 2005

30 Apr 2005

0.02758

—

31 May 2005

0.02676

—

30 Jun 2005

0.02833

—

29 Jul 2005

31 Jul 2005

0.02745

—

31 Aug 2005

0.02806

—

30 Sep 2005

0.02898

—

31 Oct 2005

0.02815

—

30 Nov 2005

0.02967

—

30 Dec 2005

31 Dec 2005

0.03056

—

31 Jan 2006

0.03046

—

28 Feb 2006

0.03065

—

31 Mar 2006

0.03085

—

28 Apr 2006

30 Apr 2006

0.03189

—

31 May 2006

0.03123

—

30 Jun 2006

0.03166

—

31 Jul 2006

0.03196

—

31 Aug 2006

0.03193

—

29 Sep 2006

30 Sep 2006

0.03266

—

31 Oct 2006

0.03202

—

30 Nov 2006

0.03283

—

29 Dec 2006

31 Dec 2006

0.03247

—

31 Jan 2007

0.03259

—

28 Feb 2007

0.03449

—

30 Mar 2007

31 Mar 2007

0.03266

—

30 Apr 2007

0.03359

—

31 May 2007

0.03340

—

29 Jun 2007

30 Jun 2007

0.03401

—

31 Jul 2007

0.03305

—

31 Aug 2007

0.03326

—

28 Sep 2007

30 Sep 2007

0.03352

—

31 Oct 2007

0.03252

—

30 Nov 2007

0.03280

—

31 Dec 2007

0.03227

—

31 Jan 2008

0.03120

—

29 Feb 2008

0.03343

—

31 Mar 2008

0.03280

—

30 Apr 2008

0.03265

—

30 May 2008

31 May 2008

0.03214

—

30 Jun 2008

0.03105

—

31 Jul 2008

0.03237

—

29 Aug 2008

31 Aug 2008

0.03234

—

30 Sep 2008

0.03370

—

31 Oct 2008

0.03388

—

28 Nov 2008

30 Nov 2008

0.03291

—

31 Dec 2008

0.03325

—

30 Jan 2009

31 Jan 2009

0.03046

—

27 Feb 2009

28 Feb 2009

0.03474

—

31 Mar 2009

0.03155

—

30 Apr 2009

0.03526

—

29 May 2009

31 May 2009

0.03580

—

30 Jun 2009

0.03474

—

31 Jul 2009

0.03547

—

31 Aug 2009

0.03595

—

30 Sep 2009

0.03343

—

30 Oct 2009

31 Oct 2009

0.03114

—

30 Nov 2009

0.03210

—

31 Dec 2009

0.03116

—

29 Jan 2010

31 Jan 2010

0.03148

—

26 Feb 2010

28 Feb 2010

0.03225

—

31 Mar 2010

0.02917

—

30 Apr 2010

0.03049

—

28 May 2010

31 May 2010

0.02912

—

30 Jun 2010

0.02837

—

30 Jul 2010

31 Jul 2010

0.02759

—

31 Aug 2010

0.02574

—

30 Sep 2010

0.02621

—

29 Oct 2010

31 Oct 2010

0.02538

—

30 Nov 2010

0.02572

—

31 Dec 2010

0.02671

—

31 Jan 2011

0.02728

—

28 Feb 2011

0.03004

—

31 Mar 2011

0.02855

—

29 Apr 2011

30 Apr 2011

0.02864

—

31 May 2011

0.02744

—

30 Jun 2011

0.02781

—

29 Jul 2011

31 Jul 2011

0.02536

—

31 Aug 2011

0.02491

—

30 Sep 2011

0.02551

—

31 Oct 2011

0.02537

—

30 Nov 2011

0.02601

—

30 Dec 2011

31 Dec 2011

0.02416

—

31 Jan 2012

0.02332

—

29 Feb 2012

0.02358

—

30 Mar 2012

31 Mar 2012

0.02029

—

30 Apr 2012

0.02030

—

31 May 2012

0.01868

—

29 Jun 2012

30 Jun 2012

0.02046

—

31 Jul 2012

0.01870

—

31 Aug 2012

0.01844

—

28 Sep 2012

30 Sep 2012

0.01892

—

31 Oct 2012

0.01786

—

20 Nov 2012

0.00972

—

0.00000

0.00972

30 Nov 2012

0.01837

—

31 Dec 2012

0.01767

—

31 Jan 2013

0.01715

—

28 Feb 2013

0.01858

—

28 Mar 2013

31 Mar 2013

0.01661

—

30 Apr 2013

0.01700

—

31 May 2013

0.01532

—

28 Jun 2013

30 Jun 2013

0.01561

—

31 Jul 2013

0.01516

—

30 Aug 2013

31 Aug 2013

0.01645

—

30 Sep 2013

0.01744

—

31 Oct 2013

0.01611

—

29 Nov 2013

30 Nov 2013

0.01627

—

31 Dec 2013

0.01625

—

31 Jan 2014

0.01616

—

28 Feb 2014

0.01822

—

31 Mar 2014

0.01567

—

30 Apr 2014

0.01695

—

30 May 2014

31 May 2014

0.01563

—

30 Jun 2014

0.01627

—

31 Jul 2014

0.01579

—

29 Aug 2014

31 Aug 2014

0.01518

—

30 Sep 2014

0.01440

—

31 Oct 2014

0.01418

—

28 Nov 2014

30 Nov 2014

0.01345

—

31 Dec 2014

0.01290

—

30 Jan 2015

31 Jan 2015

0.01235

—

27 Feb 2015

28 Feb 2015

0.01472

—

31 Mar 2015

0.01252

—

30 Apr 2015

0.01310

—

29 May 2015

31 May 2015

0.01226

—

30 Jun 2015

0.01339

—

31 Jul 2015

0.01186

—

31 Aug 2015

0.01439

—

30 Sep 2015

0.01372

—

30 Oct 2015

31 Oct 2015

0.01238

—

30 Nov 2015

0.01290

—

31 Dec 2015

0.01197

—

29 Jan 2016

31 Jan 2016

0.01192

—

29 Feb 2016

0.01386

—

31 Mar 2016

0.01151

—

29 Apr 2016

30 Apr 2016

0.01228

—

31 May 2016

0.01123

—

30 Jun 2016

0.01248

—

29 Jul 2016

31 Jul 2016

0.01117

—

31 Aug 2016

0.01092

—

30 Sep 2016

0.01226

—

31 Oct 2016

0.01098

—

30 Nov 2016

0.01190

—

30 Dec 2016

31 Dec 2016

0.01118

—

31 Jan 2017

0.01221

—

28 Feb 2017

0.01415

—

31 Mar 2017

0.01209

—

28 Apr 2017

30 Apr 2017

0.01344

—

31 May 2017

0.01258

—

30 Jun 2017

0.01314

—

31 Jul 2017

0.01229

—

31 Aug 2017

0.01195

—

29 Sep 2017

30 Sep 2017

0.01262

—

31 Oct 2017

0.01202

—

30 Nov 2017

0.01299

—

29 Dec 2017

31 Dec 2017

0.01284

—

31 Jan 2018

0.01308

—

28 Feb 2018

0.01628

—

29 Mar 2018

31 Mar 2018

0.01416

—

30 Apr 2018

0.01574

—

31 May 2018

0.01414

—

29 Jun 2018

30 Jun 2018

0.01484

—

31 Jul 2018

0.01344

—

31 Aug 2018

0.01391

—

28 Sep 2018

30 Sep 2018

0.01425

—

31 Oct 2018

0.01424

—

30 Nov 2018

0.01527

—

31 Dec 2018

0.01433

—

31 Jan 2019

0.01467

—

28 Feb 2019

0.01702

—

29 Mar 2019

31 Mar 2019

0.01460

—

30 Apr 2019

0.01550

—

31 May 2019

0.01482

—

28 Jun 2019

30 Jun 2019

0.01537

—

31 Jul 2019

0.01399

—

31 Aug 2019

0.01365

—

30 Sep 2019

0.01383

—

31 Oct 2019

0.01240

—

30 Nov 2019

0.01310

—

31 Dec 2019

0.01212

—

31 Jan 2020

0.01194

—

29 Feb 2020

0.01520

—

31 Mar 2020

0.01450

—

30 Apr 2020

0.01390

—

31 May 2020

0.01233

—

30 Jun 2020

0.01111

—

31 Jul 2020

0.00926

—

31 Aug 2020

0.00879

—

30 Sep 2020

0.00910

—

30 Oct 2020

31 Oct 2020

0.00814

—

30 Nov 2020

0.00917

—

31 Dec 2020

0.00881

—

29 Jan 2021

31 Jan 2021

0.00829

—

26 Feb 2021

28 Feb 2021

0.01234

—

31 Mar 2021

0.00866

—

30 Apr 2021

0.00990

—

28 May 2021

31 May 2021

0.00991

—

30 Jun 2021

0.01103

—

30 Jul 2021

31 Jul 2021

0.00979

—

31 Aug 2021

0.00894

—

30 Sep 2021

0.00965

—

29 Oct 2021

31 Oct 2021

0.00864

—

30 Nov 2021

0.00963

—

31 Dec 2021

0.00856

—

31 Jan 2022

0.00907

—

28 Feb 2022

0.01146

—

31 Mar 2022

0.00829

—

29 Apr 2022

30 Apr 2022

0.01271

—

31 May 2022

0.01237

—

30 Jun 2022

0.01277

—

29 Jul 2022

31 Jul 2022

0.01351

—

31 Aug 2022

0.01518

—

30 Sep 2022

0.01617

—

31 Oct 2022

0.01681

—

30 Nov 2022

0.01907

—

30 Dec 2022

31 Dec 2022

0.01891

—

31 Jan 2023

0.01930

—

28 Feb 2023

0.02274

—

31 Mar 2023

0.02053

—

28 Apr 2023

30 Apr 2023

0.02154

—

31 May 2023

0.02162

—

30 Jun 2023

0.02336

—

31 Jul 2023

0.02347

—

31 Aug 2023

0.02267

—

29 Sep 2023

30 Sep 2023

0.02453

—

31 Oct 2023

0.02635

—

30 Nov 2023

0.02672

—

29 Dec 2023

31 Dec 2023

0.02633

—

31 Jan 2024

0.02671

—

29 Feb 2024

0.02757

—

28 Mar 2024

31 Mar 2024

0.02700

—

30 Apr 2024

0.02760

—

31 May 2024

0.02693

—

28 Jun 2024

30 Jun 2024

0.02781

—

31 Jul 2024

0.02818

—

30 Aug 2024

31 Aug 2024

0.02771

—

30 Sep 2024

0.02825

—

31 Oct 2024

0.02785

—

Fund Facts

(As of 31 Oct 2024)

Net Fund Assets

$269.8 M

Benchmark

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

Morningstar Category

Muni Single State Short

Fund Symbol

LTCCX

Share Class

Share Class Inception Date

1 Sep 1994

Number of Holdings

198

Portfolio Turnover

46%

Distribution Frequency

Monthly

30-Day SEC Yield (Subsidized)

2.26%

30-Day SEC Yield (Unsubsidized)

1.31%

Annualized Distribution Yield

2.51%

Characteristics

Portfolio

(As of 31 Oct 2024)

Portfolio

Benchmark

Effective Duration

3.8 Yrs

3.6 Yrs

Average Effective Maturity

5.2 Yrs

5.0 Yrs

Weighted Average Coupon

4.7%

4.6%

Portfolio

Benchmark

Yield to Worst

3.5%

3.2%

Subject to Alternative Minimum Tax

22.2%

—

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 30 Sep 2024)

Name

Ticker/Symbol

Weight %

California Community Choice Financing Authority

13013JDB9

2.8

City of Los Angeles Department of Airports

544445R84

2.2

Bay Area Toll Authority

072024UJ9

2.0

California Community Choice Financing Authority

13013JCM6

2.0

California Statewide Communities Development Authority

13080SYB4

2.0

Poway Redevelopment Agency Successor Agency

738798AN7

1.7

California Community Choice Financing Authority

13013JAP1

1.7

California Health Facilities Financing Authority

13032UUW6

1.7

California State University

13077DSZ6

1.5

California Housing Finance Agency

13034DAC8

1.5

Download Holdings

Portfolio holdings are subject to change daily.

Exposure Breakdown

(As of 31 Oct 2024)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

Airport

13.4

3.2

Multi Family Mortgage

11.5

2.7

Industrial Development/Pollution Control

10.6

—

Incremental Tax

9.1

—

Prepaid Utility

8.6

—

Hospital

5.8

5.6

Local General Obligation

4.5

10.4

Student Housing

4.0

—

Appropriation

3.7

4.0

Special Tax

3.5

—

Cash & Cash Equivalents

0.5

—

Sector Allocation

Fund (%)

Airport

13.4

Multi Family Mortgage

11.5

Industrial Development/Pollution Control

10.6

Incremental Tax

9.1

Prepaid Utility

8.6

Hospital

5.8

Local General Obligation

4.5

Student Housing

4.0

Appropriation

3.7

Special Tax

3.5

Cash & Cash Equivalents

0.5

Credit Quality

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

AAA

12.5

14.6

52.9

56.1

24.7

24.9

BBB

8.5

4.4

Not Rated

0.8

—

Cash & Cash Equivalents

0.5

—

Credit Quality

Fund (%)

AAA

12.5

52.9

24.7

BBB

8.5

Not Rated

0.8

Cash & Cash Equivalents

0.5

Maturity

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

Year 1

15.1

1.0

Year 2

9.1

14.0

Year 3

7.6

13.0

Year 4

6.2

12.0

Year 5

5.4

11.0

Year 6

9.5

11.2

Year 7

10.7

10.4

Year 8

10.8

10.6

Year 9

14.0

9.0

Year 10+

11.2

7.4

Cash

0.5

—

Maturity

Fund (%)

Year 1

15.1

Year 2

9.1

Year 3

7.6

Year 4

6.2

Year 5

5.4

Year 6

9.5

Year 7

10.7

Year 8

10.8

Year 9

14.0

Year 10+

11.2

Cash

0.5

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

Market Concentration and the Fed’s Policy Outlook

Value vs. Growth: Does Another Fed Hike Matter?

The Value of Dividends and Munis to Stoke Income

Navigating Recession, the Fed, Inflation and Borrowing

Recession and Reversion to the Mean

How to Position Bond Portfolios as the Fed Ponders a Pivot

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Thornburg California Limited Term Municipal Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

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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

Market Concentration and the Fed’s Policy Outlook

Value vs. Growth: Does Another Fed Hike Matter?

The Value of Dividends and Munis to Stoke Income

Navigating Recession, the Fed, Inflation and Borrowing

Recession and Reversion to the Mean

How to Position Bond Portfolios as the Fed Ponders a Pivot