Thornburg Limited Term U.S. Government Fund

SYMBOL: LTURX

Morningstar Rating • Info

Overall Morningstar Rating among 90 Short Government funds, based on risk-adjusted returns for class R3 shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 1 star, 1 star and 2 stars among 90, 85 and 76 funds, as of 31 Oct 2024.

As of 31 Oct 2024

Fund Assets

$130.1 M

As of 31 Oct 2024

NAV

$11.92

As of 19 Nov 2024

Change

$0.01

As of 19 Nov 2024

YTD NAV Performance

2.46%

As of 19 Nov 2024

Asset Category:

Global Fixed Income

Fund Benchmark:

Bloomberg U.S. Government Intermediate Index

Portfolio Managers

Lon Erickson, CFA

Portfolio Manager and Managing Director

Christian Hoffmann, CFA

Head of Fixed Income and Managing Director

Overview Performance Fund Facts Characteristics Portfolio Portfolio Managers Literature

Overview

Why Invest in This Fund?

Actively managed portfolio of high-quality short- to intermediate-term obligations issued by the U.S. government, designed to exhibit low or negative correlation to equities and low share price volatility.
Proven bottom-up fundamental approach focused on investing in short- to intermediate-term obligations issued by the U.S. government and its agencies with an average maturity of five years or less.
Seeks provide consistent income with the preservation of capital and lower volatility relative to core bond strategies.

Investment Objective

The fund’s goal is to provide investors as high a level of current income as is consistent with safety of capital. The fund also seeks to reduce changes in its share price compared to longer term portfolios.

Investment Approach

The Fund is an actively managed portfolio of short and intermediate obligations issued by the U.S. government, its agencies or instrumentalities, with a weighted average maturity of less than five years. The fund seeks to provide income consistent with the preservation of capital and lower volatility relative to core bond strategies

Returns

(As of 30 Sep 2024)

YTD

10y

Inception

Total Return (%)

4.50

9.03

-0.21

0.31

0.79

3.93

Bloomberg U.S. Government Intermediate Index (%)

4.19

8.33

-0.10

0.84

1.50

4.73

Morningstar Category Avg. (%)

4.15

7.11

0.86

1.12

1.2

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return (%)

2.66

7.88

-0.70

-0.09

0.56

3.88

Bloomberg U.S. Government Intermediate Index (%)

2.50

6.92

-0.46

0.45

1.27

4.67

Morningstar Category Avg. (%)

3.36

6.25

0.71

0.91

1.08

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return (%)

4.50

9.03

-0.63

1.56

8.17

314.96

Bloomberg U.S. Government Intermediate Index (%)

4.19

8.33

-0.30

4.25

16.09

449.65

YTD

10y

Inception

Total Return (%)

2.66

7.88

-2.08

-0.46

5.75

307.63

Bloomberg U.S. Government Intermediate Index (%)

2.50

6.92

-1.37

2.25

13.41

440.70

2018

2019

2020

2021

2022

2023

Total Return (%)

0.73

3.52

3.66

-1.94

-8.01

3.90

Bloomberg U.S. Government Intermediate Index (%)

1.43

5.20

5.73

-1.69

-7.73

4.30

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 and R shares.

Morningstar quartile ranking for Short Government category is based on total returns before sales charges for 1, 3, 5 and 10 years, among 99, 90, 85 and 76 funds, respectively, as of 30 Sep 2024.

Prior to inception of I and R share classes, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.

Share class inception dates: A shares, 16 Nov 1987; C shares, 1 Sep 1994; I shares, 5 Jul 1996; R3 shares, 1 Jul 2003; R4 shares, 1 Feb 2014; R5 shares, 1 May 2012.

Fund Fees

(As of 1 Feb 2024)

Gross Expense Ratio (%)

1.75

Net Expense Ratio (%)

0.99

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.

Hypothetical Growth of $10,000

            Categories,R3 Shares,Bloomberg U.S. Government Intermediate Index
            1987-11-16,10000,10000
1987-11-30,10053,10000
1987-12-31,10061,10097
1988-01-31,10306,10347
1988-02-29,10380,10457
1988-03-31,10340,10413
1988-04-30,10285,10395
1988-05-31,10232,10346
1988-06-30,10449,10514
1988-07-31,10417,10483
1988-08-31,10430,10497
1988-09-30,10623,10678
1988-10-31,10801,10826
1988-11-30,10688,10732
1988-12-31,10655,10743
1989-01-31,10767,10850
1989-02-28,10702,10804
1989-03-31,10733,10854
1989-04-30,10857,11073
1989-05-31,11048,11287
1989-06-30,11267,11575
1989-07-31,11403,11810
1989-08-31,11378,11650
1989-09-30,11430,11706
1989-10-31,11596,11952
1989-11-30,11667,12070
1989-12-31,11755,12105
1990-01-31,11747,12030
1990-02-28,11787,12075
1990-03-31,11827,12089
1990-04-30,11788,12048
1990-05-31,12009,12306
1990-06-30,12150,12468
1990-07-31,12302,12643
1990-08-31,12280,12597
1990-09-30,12362,12710
1990-10-31,12485,12887
1990-11-30,12652,13081
1990-12-31,12778,13262
1991-01-31,12903,13399
1991-02-28,12975,13480
1991-03-31,13056,13554
1991-04-30,13203,13694
1991-05-31,13254,13771
1991-06-30,13271,13783
1991-07-31,13408,13932
1991-08-31,13623,14197
1991-09-30,13832,14438
1991-10-31,13981,14603
1991-11-30,14107,14774
1991-12-31,14346,15134
1992-01-31,14266,14988
1992-02-29,14288,15035
1992-03-31,14262,14975
1992-04-30,14363,15109
1992-05-31,14544,15335
1992-06-30,14739,15555
1992-07-31,14933,15854
1992-08-31,15093,16016
1992-09-30,15320,16237
1992-10-31,15181,16042
1992-11-30,15197,15976
1992-12-31,15370,16182
1993-01-31,15555,16483
1993-02-28,15777,16726
1993-03-31,15815,16787
1993-04-30,15914,16919
1993-05-31,15901,16872
1993-06-30,16047,17117
1993-07-31,16086,17151
1993-08-31,16250,17407
1993-09-30,16295,17477
1993-10-31,16327,17519
1993-11-30,16255,17432
1993-12-31,16283,17504
1994-01-31,16425,17677
1994-02-28,16246,17434
1994-03-31,16027,17180
1994-04-30,15915,17069
1994-05-31,15921,17081
1994-06-30,15913,17085
1994-07-31,16077,17309
1994-08-31,16139,17359
1994-09-30,15978,17216
1994-10-31,15965,17219
1994-11-30,15884,17143
1994-12-31,15911,17199
1995-01-31,16142,17478
1995-02-28,16440,17816
1995-03-31,16538,17914
1995-04-30,16690,18121
1995-05-31,17075,18632
1995-06-30,17172,18751
1995-07-31,17200,18760
1995-08-31,17298,18915
1995-09-30,17481,19042
1995-10-31,17623,19250
1995-11-30,17793,19485
1995-12-31,17935,19677
1996-01-31,18065,19843
1996-02-29,17949,19633
1996-03-31,17922,19544
1996-04-30,17893,19487
1996-05-31,17879,19477
1996-06-30,18026,19675
1996-07-31,18087,19736
1996-08-31,18104,19758
1996-09-30,18299,20014
1996-10-31,18541,20342
1996-11-30,18737,20587
1996-12-31,18662,20476
1997-01-31,18724,20555
1997-02-28,18768,20588
1997-03-31,18677,20471
1997-04-30,18846,20702
1997-05-31,18955,20864
1997-06-30,19125,21042
1997-07-31,19389,21430
1997-08-31,19340,21348
1997-09-30,19510,21580
1997-10-31,19712,21831
1997-11-30,19722,21879
1997-12-31,19845,22058
1998-01-31,20065,22345
1998-02-28,20073,22322
1998-03-31,20131,22391
1998-04-30,20205,22498
1998-05-31,20312,22653
1998-06-30,20417,22806
1998-07-31,20474,22893
1998-08-31,20796,23326
1998-09-30,21169,23870
1998-10-31,21157,23910
1998-11-30,21128,23837
1998-12-31,21183,23930
1999-01-31,21255,24036
1999-02-28,21002,23706
1999-03-31,21159,23864
1999-04-30,21197,23928
1999-05-31,21063,23782
1999-06-30,21033,23816
1999-07-31,21002,23819
1999-08-31,21007,23853
1999-09-30,21221,24057
1999-10-31,21243,24105
1999-11-30,21265,24122
1999-12-31,21182,24046
2000-01-31,21064,23965
2000-02-29,21251,24164
2000-03-31,21439,24439
2000-04-30,21410,24430
2000-05-31,21437,24495
2000-06-30,21792,24884
2000-07-31,21911,25049
2000-08-31,22179,25330
2000-09-30,22354,25551
2000-10-31,22474,25727
2000-11-30,22782,26104
2000-12-31,23168,26565
2001-01-31,23441,26918
2001-02-28,23658,27165
2001-03-31,23817,27362
2001-04-30,23746,27276
2001-05-31,23811,27389
2001-06-30,23855,27476
2001-07-31,24305,27989
2001-08-31,24522,28237
2001-09-30,24985,28840
2001-10-31,25333,29290
2001-11-30,24986,28940
2001-12-31,24772,28800
2002-01-31,24918,28925
2002-02-28,25192,29164
2002-03-31,24849,28724
2002-04-30,25308,29262
2002-05-31,25514,29466
2002-06-30,25779,29834
2002-07-31,26248,30396
2002-08-31,26614,30744
2002-09-30,27109,31272
2002-10-31,26935,31251
2002-11-30,26770,31003
2002-12-31,27283,31576
2003-01-31,27271,31507
2003-02-28,27677,31862
2003-03-31,27597,31869
2003-04-30,27640,31959
2003-05-31,28169,32460
2003-06-30,28085,32407
2003-07-31,27382,31620
2003-08-31,27462,31677
2003-09-30,28116,32364
2003-10-31,27862,32047
2003-11-30,27878,32049
2003-12-31,28118,32299
2004-01-31,28224,32474
2004-02-29,28482,32783
2004-03-31,28658,33011
2004-04-30,28036,32274
2004-05-31,27926,32170
2004-06-30,27963,32252
2004-07-31,28136,32485
2004-08-31,28460,32968
2004-09-30,28470,32981
2004-10-31,28569,33182
2004-11-30,28365,32874
2004-12-31,28468,33052
2005-01-31,28504,33095
2005-02-28,28364,32910
2005-03-31,28315,32829
2005-04-30,28554,33212
2005-05-31,28706,33477
2005-06-30,28769,33586
2005-07-31,28589,33300
2005-08-31,28834,33670
2005-09-30,28676,33411
2005-10-31,28608,33270
2005-11-30,28675,33407
2005-12-31,28790,33609
2006-01-31,28806,33606
2006-02-28,28814,33613
2006-03-31,28752,33509
2006-04-30,28797,33540
2006-05-31,28825,33551
2006-06-30,28858,33611
2006-07-31,29095,33963
2006-08-31,29330,34345
2006-09-30,29497,34593
2006-10-31,29617,34757
2006-11-30,29798,35035
2006-12-31,29740,34901
2007-01-31,29766,34906
2007-02-28,30048,35343
2007-03-31,30108,35435
2007-04-30,30232,35591
2007-05-31,30056,35388
2007-06-30,30092,35436
2007-07-31,30392,35872
2007-08-31,30787,36378
2007-09-30,30950,36626
2007-10-31,31086,36847
2007-11-30,31677,37735
2007-12-31,31742,37856
2008-01-31,32335,38749
2008-02-29,32544,39171
2008-03-31,32627,39412
2008-04-30,32325,38886
2008-05-31,32194,38536
2008-06-30,32309,38686
2008-07-31,32351,38892
2008-08-31,32594,39189
2008-09-30,32737,39379
2008-10-31,32309,39522
2008-11-30,33209,40876
2008-12-31,33869,41805
2009-01-31,33686,41278
2009-02-28,33842,41204
2009-03-31,34315,41773
2009-04-30,34296,41472
2009-05-31,34323,41285
2009-06-30,34403,41171
2009-07-31,34585,41350
2009-08-31,34905,41612
2009-09-30,35076,41844
2009-10-31,35218,41937
2009-11-30,35619,42449
2009-12-31,35179,41670
2010-01-31,35576,42213
2010-02-28,35688,42392
2010-03-31,35544,42137
2010-04-30,35753,42437
2010-05-31,36019,42941
2010-06-30,36334,43509
2010-07-31,36512,43833
2010-08-31,36637,44315
2010-09-30,36696,44434
2010-10-31,36887,44599
2010-11-30,36711,44338
2010-12-31,36388,43745
2011-01-31,36496,43870
2011-02-28,36475,43770
2011-03-31,36531,43753
2011-04-30,36912,44184
2011-05-31,37221,44693
2011-06-30,37200,44663
2011-07-31,37496,45242
2011-08-31,37649,45972
2011-09-30,37635,46088
2011-10-31,37624,46008
2011-11-30,37662,46160
2011-12-31,37733,46404
2012-01-31,37942,46642
2012-02-29,37872,46444
2012-03-31,37862,46228
2012-04-30,38050,46648
2012-05-31,38130,46961
2012-06-30,38063,46900
2012-07-31,38240,47176
2012-08-31,38293,47198
2012-09-30,38459,47191
2012-10-31,38415,47117
2012-11-30,38508,47289
2012-12-31,38453,47205
2013-01-31,38364,47026
2013-02-28,38406,47218
2013-03-31,38399,47273
2013-04-30,38501,47481
2013-05-31,38179,47002
2013-06-30,37794,46624
2013-07-31,37771,46678
2013-08-31,37617,46470
2013-09-30,37894,46812
2013-10-31,37988,46988
2013-11-30,38027,46968
2013-12-31,37701,46616
2014-01-31,37979,47000
2014-02-28,38109,47097
2014-03-31,38028,46913
2014-04-30,38151,47084
2014-05-31,38393,47397
2014-06-30,38403,47338
2014-07-31,38298,47216
2014-08-31,38442,47506
2014-09-30,38361,47345
2014-10-31,38547,47677
2014-11-30,38679,47917
2014-12-31,38525,47793
2015-01-31,38874,48554
2015-02-28,38729,48137
2015-03-31,38823,48391
2015-04-30,38820,48347
2015-05-31,38799,48372
2015-06-30,38710,48183
2015-07-31,38796,48377
2015-08-31,38822,48404
2015-09-30,38956,48765
2015-10-31,38870,48610
2015-11-30,38779,48449
2015-12-31,38630,48357
2016-01-31,39057,49125
2016-02-29,39148,49368
2016-03-31,39260,49461
2016-04-30,39281,49447
2016-05-31,39222,49376
2016-06-30,39492,50076
2016-07-31,39490,50095
2016-08-31,39426,49870
2016-09-30,39477,49955
2016-10-31,39393,49716
2016-11-30,38990,48880
2016-12-31,38983,48867
2017-01-31,39017,48964
2017-02-28,39088,49106
2017-03-31,39055,49130
2017-04-30,39165,49388
2017-05-31,39297,49582
2017-06-30,39167,49453
2017-07-31,39270,49610
2017-08-31,39430,49912
2017-09-30,39292,49623
2017-10-31,39253,49560
2017-11-30,39163,49409
2017-12-31,39201,49422
2018-01-31,38939,48951
2018-02-28,38837,48808
2018-03-31,38983,49062
2018-04-30,38832,48783
2018-05-31,39038,49098
2018-06-30,39008,49093
2018-07-31,38920,48997
2018-08-31,39096,49288
2018-09-30,38959,49038
2018-10-31,38885,49057
2018-11-30,39092,49393
2018-12-31,39488,50127
2019-01-31,39678,50341
2019-02-28,39655,50306
2019-03-31,39992,50919
2019-04-30,40025,50943
2019-05-31,40400,51687
2019-06-30,40558,52113
2019-07-31,40525,52022
2019-08-31,40923,52958
2019-09-30,40859,52726
2019-10-31,40950,52877
2019-11-30,40913,52749
2019-12-31,40876,52733
2020-01-31,41271,53477
2020-02-29,41668,54355
2020-03-31,41629,55464
2020-04-30,41936,55617
2020-05-31,42072,55719
2020-06-30,42264,55767
2020-07-31,42397,55945
2020-08-31,42347,55836
2020-09-30,42359,55878
2020-10-31,42207,55671
2020-11-30,42305,55739
2020-12-31,42370,55757
2021-01-31,42304,55626
2021-02-28,41958,55168
2021-03-31,41644,54796
2021-04-30,41777,55000
2021-05-31,41850,55174
2021-06-30,41798,55134
2021-07-31,42064,55557
2021-08-31,41979,55467
2021-09-30,41761,55132
2021-10-31,41631,54818
2021-11-30,41632,54956
2021-12-31,41546,54812
2022-01-31,41070,54112
2022-02-28,40881,53868
2022-03-31,40030,52516
2022-04-30,39278,51681
2022-05-31,39570,52031
2022-06-30,39198,51648
2022-07-31,39844,52333
2022-08-31,39021,51289
2022-09-30,37795,50071
2022-10-31,37575,49843
2022-11-30,38346,50696
2022-12-31,38218,50577
2023-01-31,38978,51382
2023-02-28,38362,50491
2023-03-31,39042,51718
2023-04-30,39160,51995
2023-05-31,38939,51611
2023-06-30,38725,51137
2023-07-31,38734,51193
2023-08-31,38615,51221
2023-09-30,38060,50738
2023-10-31,37785,50569
2023-11-30,38768,51675
2023-12-31,39709,52753
2024-01-31,39777,52869
2024-02-29,39419,52312
2024-03-31,39620,52569
2024-04-30,38991,51857
2024-05-31,39506,52433
2024-06-30,39836,52877
2024-07-31,40596,53844
2024-08-31,41041,54427
2024-09-30,41496,54965
2024-10-31,40763,54070

Hypothetical Growth of $10,000

(As of 31 Oct 2024)

(Hypothetical Growth of $10,000 vs Bloomberg U.S. Government Intermediate Index)

                        Categories,R3 Shares,Bloomberg U.S. Government Intermediate Index
                        2023-10-31,10000,10000
2023-11-30,10260,10219
2023-12-31,10509,10432
2024-01-31,10527,10455
2024-02-29,10432,10345
2024-03-31,10486,10396
2024-04-30,10319,10255
2024-05-31,10455,10369
2024-06-30,10543,10456
2024-07-31,10744,10648
2024-08-31,10862,10763
2024-09-30,10982,10869
2024-10-31,10788,10692

                        Categories,R3 Shares,Bloomberg U.S. Government Intermediate Index
                        2021-10-31,10000,10000
2021-11-30,10000,10025
2021-12-31,9980,9999
2022-01-31,9865,9871
2022-02-28,9820,9827
2022-03-31,9615,9580
2022-04-30,9435,9428
2022-05-31,9505,9492
2022-06-30,9416,9422
2022-07-31,9571,9547
2022-08-31,9373,9356
2022-09-30,9079,9134
2022-10-31,9026,9092
2022-11-30,9211,9248
2022-12-31,9180,9226
2023-01-31,9363,9373
2023-02-28,9215,9211
2023-03-31,9378,9435
2023-04-30,9406,9485
2023-05-31,9353,9415
2023-06-30,9302,9328
2023-07-31,9304,9339
2023-08-31,9276,9344
2023-09-30,9142,9256
2023-10-31,9076,9225
2023-11-30,9312,9427
2023-12-31,9538,9623
2024-01-31,9555,9644
2024-02-29,9469,9543
2024-03-31,9517,9590
2024-04-30,9366,9460
2024-05-31,9490,9565
2024-06-30,9569,9646
2024-07-31,9751,9822
2024-08-31,9858,9929
2024-09-30,9968,10027
2024-10-31,9792,9863

                        Categories,R3 Shares,Bloomberg U.S. Government Intermediate Index
                        2019-10-31,10000,10000
2019-11-30,9991,9976
2019-12-31,9982,9973
2020-01-31,10078,10113
2020-02-29,10175,10279
2020-03-31,10166,10489
2020-04-30,10241,10518
2020-05-31,10274,10537
2020-06-30,10321,10546
2020-07-31,10353,10580
2020-08-31,10341,10560
2020-09-30,10344,10567
2020-10-31,10307,10528
2020-11-30,10331,10541
2020-12-31,10347,10545
2021-01-31,10330,10520
2021-02-28,10246,10433
2021-03-31,10169,10363
2021-04-30,10202,10401
2021-05-31,10220,10434
2021-06-30,10207,10427
2021-07-31,10272,10507
2021-08-31,10251,10490
2021-09-30,10198,10426
2021-10-31,10166,10367
2021-11-30,10166,10393
2021-12-31,10146,10366
2022-01-31,10029,10234
2022-02-28,9983,10187
2022-03-31,9775,9932
2022-04-30,9592,9774
2022-05-31,9663,9840
2022-06-30,9572,9767
2022-07-31,9730,9897
2022-08-31,9529,9700
2022-09-30,9229,9469
2022-10-31,9176,9426
2022-11-30,9364,9587
2022-12-31,9333,9565
2023-01-31,9518,9717
2023-02-28,9368,9549
2023-03-31,9534,9781
2023-04-30,9563,9833
2023-05-31,9509,9761
2023-06-30,9457,9671
2023-07-31,9459,9681
2023-08-31,9430,9687
2023-09-30,9294,9595
2023-10-31,9227,9563
2023-11-30,9467,9773
2023-12-31,9697,9977
2024-01-31,9713,9998
2024-02-29,9626,9893
2024-03-31,9675,9942
2024-04-30,9521,9807
2024-05-31,9647,9916
2024-06-30,9728,10000
2024-07-31,9913,10183
2024-08-31,10022,10293
2024-09-30,10133,10395
2024-10-31,9954,10225

                        Categories,R3 Shares,Bloomberg U.S. Government Intermediate Index
                        2014-10-31,10000,10000
2014-11-30,10034,10050
2014-12-31,9994,10024
2015-01-31,10085,10184
2015-02-28,10047,10096
2015-03-31,10072,10150
2015-04-30,10071,10141
2015-05-31,10066,10146
2015-06-30,10042,10106
2015-07-31,10065,10147
2015-08-31,10071,10152
2015-09-30,10106,10228
2015-10-31,10084,10196
2015-11-30,10060,10162
2015-12-31,10022,10143
2016-01-31,10132,10304
2016-02-29,10156,10355
2016-03-31,10185,10374
2016-04-30,10190,10371
2016-05-31,10175,10356
2016-06-30,10245,10503
2016-07-31,10245,10507
2016-08-31,10228,10460
2016-09-30,10241,10478
2016-10-31,10220,10428
2016-11-30,10115,10252
2016-12-31,10113,10250
2017-01-31,10122,10270
2017-02-28,10140,10300
2017-03-31,10132,10305
2017-04-30,10160,10359
2017-05-31,10195,10400
2017-06-30,10161,10372
2017-07-31,10188,10405
2017-08-31,10229,10469
2017-09-30,10193,10408
2017-10-31,10183,10395
2017-11-30,10160,10363
2017-12-31,10170,10366
2018-01-31,10102,10267
2018-02-28,10075,10237
2018-03-31,10113,10290
2018-04-30,10074,10232
2018-05-31,10127,10298
2018-06-30,10120,10297
2018-07-31,10097,10277
2018-08-31,10142,10338
2018-09-30,10107,10285
2018-10-31,10088,10289
2018-11-30,10142,10360
2018-12-31,10244,10514
2019-01-31,10293,10559
2019-02-28,10287,10551
2019-03-31,10375,10680
2019-04-30,10384,10685
2019-05-31,10481,10841
2019-06-30,10522,10930
2019-07-31,10513,10911
2019-08-31,10617,11108
2019-09-30,10600,11059
2019-10-31,10624,11091
2019-11-30,10614,11064
2019-12-31,10604,11060
2020-01-31,10707,11216
2020-02-29,10810,11401
2020-03-31,10800,11633
2020-04-30,10879,11665
2020-05-31,10914,11687
2020-06-30,10964,11697
2020-07-31,10999,11734
2020-08-31,10986,11711
2020-09-30,10989,11720
2020-10-31,10949,11677
2020-11-30,10975,11691
2020-12-31,10992,11695
2021-01-31,10975,11667
2021-02-28,10885,11571
2021-03-31,10804,11493
2021-04-30,10838,11536
2021-05-31,10857,11572
2021-06-30,10844,11564
2021-07-31,10912,11653
2021-08-31,10890,11634
2021-09-30,10834,11564
2021-10-31,10800,11498
2021-11-30,10800,11527
2021-12-31,10778,11496
2022-01-31,10655,11350
2022-02-28,10606,11299
2022-03-31,10385,11015
2022-04-30,10190,10840
2022-05-31,10265,10913
2022-06-30,10169,10833
2022-07-31,10336,10976
2022-08-31,10123,10758
2022-09-30,9805,10502
2022-10-31,9748,10454
2022-11-30,9948,10633
2022-12-31,9915,10608
2023-01-31,10112,10777
2023-02-28,9952,10590
2023-03-31,10129,10848
2023-04-30,10159,10906
2023-05-31,10102,10825
2023-06-30,10046,10726
2023-07-31,10048,10737
2023-08-31,10018,10743
2023-09-30,9874,10642
2023-10-31,9802,10607
2023-11-30,10057,10839
2023-12-31,10301,11065
2024-01-31,10319,11089
2024-02-29,10226,10972
2024-03-31,10278,11026
2024-04-30,10115,10877
2024-05-31,10249,10998
2024-06-30,10334,11091
2024-07-31,10532,11294
2024-08-31,10647,11416
2024-09-30,10765,11529
2024-10-31,10575,11341

The Hypothetical Growth graph compares a hypothetical investment in the Fund to the performance of the Index for the stated time period. Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.

Distributions

            Categories,Total ($)
            2003-01-31,0
2003-02-28,0
2003-03-31,0
2003-04-30,0
2003-05-31,0
2003-06-30,0
2003-07-31,0.06479
2003-08-31,0.06809
2003-09-30,0.03883
2003-10-31,0.04049
2003-11-30,0.03753
2003-12-31,0.03193
2004-01-31,0.02934
2004-02-29,0.03036
2004-03-31,0.03183
2004-04-30,0.03170
2004-05-31,0.02905
2004-06-30,0.02727
2004-07-31,0.02971
2004-08-31,0.02850
2004-09-30,0.02448
2004-10-31,0.02546
2004-11-30,0.02708
2004-12-31,0.03650
2005-01-31,0.02669
2005-02-28,0.02625
2005-03-31,0.02793
2005-04-30,0.02775
2005-05-31,0.02874
2005-06-30,0.02830
2005-07-31,0.02939
2005-08-31,0.02942
2005-09-30,0.02949
2005-10-31,0.02957
2005-11-30,0.03003
2005-12-31,0.03106
2006-01-31,0.02706
2006-02-28,0.02332
2006-03-31,0.03252
2006-04-30,0.02978
2006-05-31,0.03232
2006-06-30,0.03442
2006-07-31,0.03346
2006-08-31,0.03220
2006-09-30,0.03231
2006-10-31,0.03215
2006-11-30,0.02783
2006-12-31,0.03517
2007-01-31,0.03121
2007-02-28,0.03093
2007-03-31,0.03525
2007-04-30,0.03289
2007-05-31,0.03529
2007-06-30,0.03536
2007-07-31,0.03665
2007-08-31,0.03666
2007-09-30,0.03855
2007-10-31,0.03706
2007-11-30,0.03684
2007-12-31,0.03719
2008-01-31,0.03642
2008-02-29,0.03646
2008-03-31,0.03448
2008-04-30,0.03527
2008-05-31,0.03623
2008-06-30,0.03732
2008-07-31,0.03690
2008-08-31,0.03896
2008-09-30,0.03823
2008-10-31,0.02662
2008-11-30,0.03395
2008-12-31,0.01625
2009-01-31,0.01654
2009-02-28,0.03280
2009-03-31,0.03985
2009-04-30,0.04242
2009-05-31,0.04087
2009-06-30,0.04173
2009-07-31,0.04231
2009-08-31,0.04622
2009-09-30,0.03758
2009-10-31,0.03590
2009-11-19,0.06188
2009-11-30,0.03509
2009-12-31,0.04876
2010-01-31,0.03378
2010-02-28,0.03353
2010-03-31,0.03445
2010-04-30,0.03027
2010-05-31,0.03246
2010-06-30,0.03077
2010-07-31,0.02786
2010-08-31,0.02797
2010-09-30,0.03233
2010-10-31,0.03271
2010-11-30,0.03326
2010-12-31,0.04776
2011-01-31,0.03058
2011-02-28,0.03202
2011-03-31,0.03122
2011-04-30,0.03247
2011-05-31,0.03544
2011-06-30,0.03243
2011-07-31,0.03013
2011-08-31,0.02646
2011-09-30,0.02507
2011-10-31,0.02567
2011-11-30,0.03417
2011-12-31,0.03619
2012-01-31,0.02654
2012-02-29,0.02450
2012-03-31,0.02629
2012-04-30,0.02870
2012-05-31,0.02923
2012-06-30,0.02544
2012-07-31,0.02422
2012-08-31,0.02927
2012-09-30,0.02988
2012-10-31,0.03425
2012-11-30,0.03336
2012-12-31,0.03051
2013-01-31,0.02808
2013-02-28,0.02492
2013-03-31,0.02743
2013-04-30,0.02631
2013-05-31,0.02567
2013-06-30,0.02327
2013-07-31,0.02218
2013-08-31,0.01544
2013-09-30,0.00759
2013-10-31,0.01343
2013-11-30,0.01364
2013-12-31,0.01509
2014-01-31,0.01788
2014-02-28,0.02585
2014-03-31,0.03146
2014-04-30,0.02282
2014-05-31,0.02469
2014-06-30,0.02332
2014-07-31,0.02347
2014-08-31,0.02007
2014-09-30,0.02212
2014-10-31,0.02417
2014-11-30,0.02575
2014-12-31,0.01695
2015-01-31,0.01021
2015-02-28,0.01006
2015-03-31,0.01240
2015-04-30,0.01882
2015-05-31,0.02289
2015-06-30,0.01948
2015-07-31,0.01926
2015-08-31,0.01885
2015-09-30,0.01591
2015-10-31,0.01067
2015-11-30,0.00894
2015-12-31,0.01952
2016-01-31,0.01489
2016-02-29,0.01081
2016-03-31,0.01806
2016-04-30,0.01698
2016-05-31,0.02007
2016-06-30,0.02106
2016-07-31,0.01959
2016-08-31,0.01836
2016-09-30,0.00720
2016-10-31,0.01168
2016-11-30,0.01476
2016-12-31,0.01775
2017-01-31,0.01133
2017-02-28,0.01363
2017-03-31,0.01908
2017-04-30,0.01682
2017-05-31,0.01388
2017-06-30,0.01654
2017-07-31,0.01429
2017-08-31,0.01334
2017-09-30,0.01418
2017-10-31,0.01699
2017-11-30,0.02036
2017-12-31,0.01243
2018-01-31,0.01362
2018-02-28,0.01616
2018-03-31,0.01805
2018-04-30,0.02036
2018-05-31,0.01761
2018-06-30,0.02046
2018-07-31,0.02110
2018-08-31,0.01738
2018-09-30,0.01529
2018-10-31,0.01592
2018-11-30,0.01754
2018-12-31,0.01850
2019-01-31,0.01182
2019-02-28,0.01243
2019-03-31,0.01920
2019-04-30,0.02082
2019-05-31,0.02112
2019-06-30,0.02106
2019-07-31,0.01935
2019-08-31,0.01803
2019-09-30,0.01938
2019-10-31,0.01924
2019-11-30,0.01795
2019-12-31,0.01819
2020-01-31,0.01626
2020-02-29,0.01649
2020-03-31,0.01765
2020-04-30,0.01754
2020-05-31,0.01313
2020-06-30,0.01086
2020-07-31,0.01238
2020-08-31,0.01405
2020-09-30,0.01386
2020-10-31,0.01186
2020-11-30,0.01115
2020-12-31,0.01033
2021-01-31,0.00915
2021-02-28,0.01115
2021-03-31,0.01123
2021-04-30,0.01181
2021-05-31,0.01282
2021-06-30,0.01380
2021-07-31,0.01326
2021-08-31,0.01337
2021-09-30,0.01179
2021-10-31,0.00940
2021-11-30,0.01030
2021-12-31,0.01321
2022-01-31,0.01138
2022-02-28,0.01126
2022-03-31,0.01487
2022-04-30,0.01607
2022-05-31,0.02062
2022-06-30,0.01488
2022-07-31,0.01995
2022-08-31,0.02553
2022-09-30,0.01168
2022-10-31,0.01221
2022-11-30,0.01751
2022-12-31,0.02065
2023-01-31,0.01312
2023-02-28,0.01117
2023-03-31,0.02838
2023-04-30,0.02606
2023-05-31,0.02254
2023-06-30,0.02488
2023-07-31,0.02258
2023-08-31,0.02413
2023-09-30,0.02219
2023-10-31,0.02690
2023-11-30,0.02616
2023-12-31,0.02254
2024-01-31,0.02041
2024-02-29,0.02285
2024-03-31,0.03012
2024-04-30,0.03238
2024-05-31,0.03318
2024-06-30,0.02776
2024-07-31,0.02473
2024-08-31,0.02137
2024-09-30,0.02415
2024-10-31,0.02447

            Ex-Date, Payable Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
2003-01-31,1043971200,0,0,0,0
2003-02-28,1046390400,0,0,0,0
2003-03-31,1049068800,0,0,0,0
2003-04-30,1051660800,0,0,0,0
2003-05-31,1054339200,0,0,0,0
2003-06-30,1056931200,0,0,0,0
2003-07-31,1059609600,0.06479,0.06479,0,0
2003-08-29,1062288000,0.06809,0.06809,0,0
2003-09-30,1064880000,0.03883,0.03883,0,0
2003-10-31,1067558400,0.04049,0.04049,0,0
2003-11-28,1070150400,0.03753,0.03753,0,0
2003-12-31,1072828800,0.03193,0.03193,0,0
2004-01-30,1075507200,0.02934,0.02934,0,0
2004-02-27,1078012800,0.03036,0.03036,0,0
2004-03-31,1080691200,0.03183,0.03183,0,0
2004-04-30,1083283200,0.03170,0.03170,0,0
2004-05-28,1085961600,0.02905,0.02905,0,0
2004-06-30,1088553600,0.02727,0.02727,0,0
2004-07-30,1091232000,0.02971,0.02971,0,0
2004-08-31,1093910400,0.02850,0.02850,0,0
2004-09-30,1096502400,0.02448,0.02448,0,0
2004-10-29,1099180800,0.02546,0.02546,0,0
2004-11-30,1101772800,0.02708,0.02708,0,0
2004-12-31,1104451200,0.03650,0.03650,0,0
2005-01-31,1107129600,0.02669,0.02669,0,0
2005-02-28,1109548800,0.02625,0.02625,0,0
2005-03-31,1112227200,0.02793,0.02793,0,0
2005-04-29,1114819200,0.02775,0.02775,0,0
2005-05-31,1117497600,0.02874,0.02874,0,0
2005-06-30,1120089600,0.02830,0.02830,0,0
2005-07-29,1122768000,0.02939,0.02939,0,0
2005-08-31,1125446400,0.02942,0.02942,0,0
2005-09-30,1128038400,0.02949,0.02949,0,0
2005-10-31,1130716800,0.02957,0.02957,0,0
2005-11-30,1133308800,0.03003,0.03003,0,0
2005-12-30,1135987200,0.03106,0.03106,0,0
2006-01-31,1138665600,0.02706,0.02706,0,0
2006-02-28,1141084800,0.02332,0.02332,0,0
2006-03-31,1143763200,0.03252,0.03252,0,0
2006-04-28,1146355200,0.02978,0.02978,0,0
2006-05-31,1149033600,0.03232,0.03232,0,0
2006-06-30,1151625600,0.03442,0.03442,0,0
2006-07-31,1154304000,0.03346,0.03346,0,0
2006-08-31,1156982400,0.03220,0.03220,0,0
2006-09-29,1159574400,0.03231,0.03231,0,0
2006-10-31,1162252800,0.03215,0.03215,0,0
2006-11-30,1164844800,0.02783,0.02783,0,0
2006-12-29,1167523200,0.03517,0.03517,0,0
2007-01-31,1170201600,0.03121,0.03121,0,0
2007-02-28,1172620800,0.03093,0.03093,0,0
2007-03-30,1175299200,0.03525,0.03525,0,0
2007-04-30,1177891200,0.03289,0.03289,0,0
2007-05-31,1180569600,0.03529,0.03529,0,0
2007-06-29,1183161600,0.03536,0.03536,0,0
2007-07-31,1185840000,0.03665,0.03665,0,0
2007-08-31,1188518400,0.03666,0.03666,0,0
2007-09-28,1191110400,0.03855,0.03855,0,0
2007-10-31,1193788800,0.03706,0.03706,0,0
2007-11-30,1196380800,0.03684,0.03684,0,0
2007-12-31,1199059200,0.03719,0.03719,0,0
2008-01-31,1201737600,0.03642,0.03642,0,0
2008-02-29,1204243200,0.03646,0.03646,0,0
2008-03-31,1206921600,0.03448,0.03448,0,0
2008-04-30,1209513600,0.03527,0.03527,0,0
2008-05-30,1212192000,0.03623,0.03623,0,0
2008-06-30,1214784000,0.03732,0.03732,0,0
2008-07-31,1217462400,0.03690,0.03690,0,0
2008-08-29,1220140800,0.03896,0.03896,0,0
2008-09-30,1222732800,0.03823,0.03823,0,0
2008-10-31,1225411200,0.02662,0.02662,0,0
2008-11-28,1228003200,0.03395,0.03395,0,0
2008-12-31,1230681600,0.01625,0.01625,0,0
2009-01-30,1233360000,0.01654,0.01654,0,0
2009-02-27,1235779200,0.03280,0.03280,0,0
2009-03-31,1238457600,0.03985,0.03985,0,0
2009-04-30,1241049600,0.04242,0.04242,0,0
2009-05-29,1243728000,0.04087,0.04087,0,0
2009-06-30,1246320000,0.04173,0.04173,0,0
2009-07-31,1248998400,0.04231,0.04231,0,0
2009-08-31,1251676800,0.04622,0.04622,0,0
2009-09-30,1254268800,0.03758,0.03758,0,0
2009-10-30,1256947200,0.03590,0.03590,0,0
2009-11-19,1258588800,0.06188,0,0.00000,0.06188
2009-11-30,1259539200,0.03509,0.03509,0,0
2009-12-31,1262217600,0.04876,0.04876,0,0
2010-01-29,1264896000,0.03378,0.03378,0,0
2010-02-26,1267315200,0.03353,0.03353,0,0
2010-03-31,1269993600,0.03445,0.03445,0,0
2010-04-30,1272585600,0.03027,0.03027,0,0
2010-05-28,1275264000,0.03246,0.03246,0,0
2010-06-30,1277856000,0.03077,0.03077,0,0
2010-07-30,1280534400,0.02786,0.02786,0,0
2010-08-31,1283212800,0.02797,0.02797,0,0
2010-09-30,1285804800,0.03233,0.03233,0,0
2010-10-29,1288483200,0.03271,0.03271,0,0
2010-11-30,1291075200,0.03326,0.03326,0,0
2010-12-31,1293753600,0.04776,0.04776,0,0
2011-01-31,1296432000,0.03058,0.03058,0,0
2011-02-28,1298851200,0.03202,0.03202,0,0
2011-03-31,1301529600,0.03122,0.03122,0,0
2011-04-29,1304121600,0.03247,0.03247,0,0
2011-05-31,1306800000,0.03544,0.03544,0,0
2011-06-30,1309392000,0.03243,0.03243,0,0
2011-07-29,1312070400,0.03013,0.03013,0,0
2011-08-31,1314748800,0.02646,0.02646,0,0
2011-09-30,1317340800,0.02507,0.02507,0,0
2011-10-31,1320019200,0.02567,0.02567,0,0
2011-11-30,1322611200,0.03417,0.03417,0,0
2011-12-30,1325289600,0.03619,0.03619,0,0
2012-01-31,1327968000,0.02654,0.02654,0,0
2012-02-29,1330473600,0.02450,0.02450,0,0
2012-03-30,1333152000,0.02629,0.02629,0,0
2012-04-30,1335744000,0.02870,0.02870,0,0
2012-05-31,1338422400,0.02923,0.02923,0,0
2012-06-29,1341014400,0.02544,0.02544,0,0
2012-07-31,1343692800,0.02422,0.02422,0,0
2012-08-31,1346371200,0.02927,0.02927,0,0
2012-09-28,1348963200,0.02988,0.02988,0,0
2012-10-31,1351641600,0.03425,0.03425,0,0
2012-11-30,1354233600,0.03336,0.03336,0,0
2012-12-31,1356912000,0.03051,0.03051,0,0
2013-01-31,1359590400,0.02808,0.02808,0,0
2013-02-28,1362009600,0.02492,0.02492,0,0
2013-03-28,1364688000,0.02743,0.02743,0,0
2013-04-30,1367280000,0.02631,0.02631,0,0
2013-05-31,1369958400,0.02567,0.02567,0,0
2013-06-28,1372550400,0.02327,0.02327,0,0
2013-07-31,1375228800,0.02218,0.02218,0,0
2013-08-30,1377907200,0.01544,0.01544,0,0
2013-09-30,1380499200,0.00759,0.00759,0,0
2013-10-31,1383177600,0.01343,0.01343,0,0
2013-11-29,1385769600,0.01364,0.01364,0,0
2013-12-31,1388448000,0.01509,0.01509,0,0
2014-01-31,1391126400,0.01788,0.01788,0,0
2014-02-28,1393545600,0.02585,0.02585,0,0
2014-03-31,1396224000,0.03146,0.03146,0,0
2014-04-30,1398816000,0.02282,0.02282,0,0
2014-05-30,1401494400,0.02469,0.02469,0,0
2014-06-30,1404086400,0.02332,0.02332,0,0
2014-07-31,1406764800,0.02347,0.02347,0,0
2014-08-29,1409443200,0.02007,0.02007,0,0
2014-09-30,1412035200,0.02212,0.02212,0,0
2014-10-31,1414713600,0.02417,0.02417,0,0
2014-11-28,1417305600,0.02575,0.02575,0,0
2014-12-31,1419984000,0.01695,0.01695,0,0
2015-01-30,1422662400,0.01021,0.01021,0,0
2015-02-27,1425081600,0.01006,0.01006,0,0
2015-03-31,1427760000,0.01240,0.01240,0,0
2015-04-30,1430352000,0.01882,0.01882,0,0
2015-05-29,1433030400,0.02289,0.02289,0,0
2015-06-30,1435622400,0.01948,0.01948,0,0
2015-07-31,1438300800,0.01926,0.01926,0,0
2015-08-31,1440979200,0.01885,0.01885,0,0
2015-09-30,1443571200,0.01591,0.01591,0,0
2015-10-30,1446249600,0.01067,0.01067,0,0
2015-11-30,1448841600,0.00894,0.00894,0,0
2015-12-31,1451520000,0.01952,0.01952,0,0
2016-01-29,1454198400,0.01489,0.01489,0,0
2016-02-29,1456704000,0.01081,0.01081,0,0
2016-03-31,1459382400,0.01806,0.01806,0,0
2016-04-29,1461974400,0.01698,0.01698,0,0
2016-05-31,1464652800,0.02007,0.02007,0,0
2016-06-30,1467244800,0.02106,0.02106,0,0
2016-07-29,1469923200,0.01959,0.01959,0,0
2016-08-31,1472601600,0.01836,0.01836,0,0
2016-09-30,1475193600,0.00720,0.00720,0,0
2016-10-31,1477872000,0.01168,0.01168,0,0
2016-11-30,1480464000,0.01476,0.01476,0,0
2016-12-30,1483142400,0.01775,0.01775,0,0
2017-01-31,1485820800,0.01133,0.01133,0,0
2017-02-28,1488240000,0.01363,0.01363,0,0
2017-03-31,1490918400,0.01908,0.01908,0,0
2017-04-28,1493510400,0.01682,0.01682,0,0
2017-05-31,1496188800,0.01388,0.01388,0,0
2017-06-30,1498780800,0.01654,0.01654,0,0
2017-07-31,1501459200,0.01429,0.01429,0,0
2017-08-31,1504137600,0.01334,0.01334,0,0
2017-09-29,1506729600,0.01418,0.01418,0,0
2017-10-31,1509408000,0.01699,0.01699,0,0
2017-11-30,1512000000,0.02036,0.02036,0,0
2017-12-29,1514678400,0.01243,0.01243,0,0
2018-01-31,1517356800,0.01362,0.01362,0,0
2018-02-28,1519776000,0.01616,0.01616,0,0
2018-03-29,1522454400,0.01805,0.01805,0,0
2018-04-30,1525046400,0.02036,0.02036,0,0
2018-05-31,1527724800,0.01761,0.01761,0,0
2018-06-29,1530316800,0.02046,0.02046,0,0
2018-07-31,1532995200,0.02110,0.02110,0,0
2018-08-31,1535673600,0.01738,0.01738,0,0
2018-09-28,1538265600,0.01529,0.01529,0,0
2018-10-31,1540944000,0.01592,0.01592,0,0
2018-11-30,1543536000,0.01754,0.01754,0,0
2018-12-31,1546214400,0.01850,0.01850,0,0
2019-01-31,1548892800,0.01182,0.01182,0,0
2019-02-28,1551312000,0.01243,0.01243,0,0
2019-03-29,1553990400,0.01920,0.01920,0,0
2019-04-30,1556582400,0.02082,0.02082,0,0
2019-05-31,1559260800,0.02112,0.02112,0,0
2019-06-28,1561852800,0.02106,0.02106,0,0
2019-07-31,1564531200,0.01935,0.01935,0,0
2019-08-31,1567209600,0.01803,0.01803,0,0
2019-09-30,1569801600,0.01938,0.01938,0,0
2019-10-31,1572480000,0.01924,0.01924,0,0
2019-11-30,1575072000,0.01795,0.01795,0,0
2019-12-31,1577750400,0.01819,0.01819,0,0
2020-01-31,1580428800,0.01626,0.01626,0,0
2020-02-29,1582934400,0.01649,0.01649,0,0
2020-03-31,1585612800,0.01765,0.01765,0,0
2020-04-30,1588204800,0.01754,0.01754,0,0
2020-05-31,1590883200,0.01313,0.01313,0,0
2020-06-30,1593475200,0.01086,0.01086,0,0
2020-07-31,1596153600,0.01238,0.01238,0,0
2020-08-31,1598832000,0.01405,0.01405,0,0
2020-09-30,1601424000,0.01386,0.01386,0,0
2020-10-30,1604102400,0.01186,0.01186,0,0
2020-11-30,1606694400,0.01115,0.01115,0,0
2020-12-31,1609372800,0.01033,0.01033,0,0
2021-01-29,1612051200,0.00915,0.00915,0,0
2021-02-26,1614470400,0.01115,0.01115,0,0
2021-03-31,1617148800,0.01123,0.01123,0,0
2021-04-30,1619740800,0.01181,0.01181,0,0
2021-05-28,1622419200,0.01282,0.01282,0,0
2021-06-30,1625011200,0.01380,0.01380,0,0
2021-07-30,1627689600,0.01326,0.01326,0,0
2021-08-31,1630368000,0.01337,0.01337,0,0
2021-09-30,1632960000,0.01179,0.01179,0,0
2021-10-29,1635638400,0.00940,0.00940,0,0
2021-11-30,1638230400,0.01030,0.01030,0,0
2021-12-31,1640908800,0.01321,0.01321,0,0
2022-01-31,1643587200,0.01138,0.01138,0,0
2022-02-28,1646006400,0.01126,0.01126,0,0
2022-03-31,1648684800,0.01487,0.01487,0,0
2022-04-29,1651276800,0.01607,0.01607,0,0
2022-05-31,1653955200,0.02062,0.02062,0,0
2022-06-30,1656547200,0.01488,0.01488,0,0
2022-07-29,1659225600,0.01995,0.01995,0,0
2022-08-31,1661904000,0.02553,0.02553,0,0
2022-09-30,1664496000,0.01168,0.01168,0,0
2022-10-31,1667174400,0.01221,0.01221,0,0
2022-11-30,1669766400,0.01751,0.01751,0,0
2022-12-30,1672444800,0.02065,0.02065,0,0
2023-01-31,1675123200,0.01312,0.01312,0,0
2023-02-28,1677542400,0.01117,0.01117,0,0
2023-03-31,1680220800,0.02838,0.02838,0,0
2023-04-28,1682812800,0.02606,0.02606,0,0
2023-05-31,1685491200,0.02254,0.02254,0,0
2023-06-30,1688083200,0.02488,0.02488,0,0
2023-07-31,1690761600,0.02258,0.02258,0,0
2023-08-31,1693440000,0.02413,0.02413,0,0
2023-09-29,1696032000,0.02219,0.02219,0,0
2023-10-31,1698710400,0.02690,0.02690,0,0
2023-11-30,1701302400,0.02616,0.02616,0,0
2023-12-29,1703980800,0.02254,0.02254,0,0
2024-01-31,1706659200,0.02041,0.02041,0,0
2024-02-29,1709164800,0.02285,0.02285,0,0
2024-03-28,1711843200,0.03012,0.03012,0,0
2024-04-30,1714435200,0.03238,0.03238,0,0
2024-05-31,1717113600,0.03318,0.03318,0,0
2024-06-28,1719705600,0.02776,0.02776,0,0
2024-07-31,1722384000,0.02473,0.02473,0,0
2024-08-30,1725062400,0.02137,0.02137,0,0
2024-09-30,1727654400,0.02415,0.02415,0,0
2024-10-31,1730332800,0.02447,0.02447,0,0

Distributions

(As of 31 Oct 2024)

Ex-Date

Payable Date

Total ($)

Income ($)

ST Cap Gains ($)

LT Cap Gains ($)

31 Jan 2003

—

28 Feb 2003

—

31 Mar 2003

—

30 Apr 2003

—

31 May 2003

—

30 Jun 2003

—

31 Jul 2003

0.06479

—

29 Aug 2003

31 Aug 2003

0.06809

—

30 Sep 2003

0.03883

—

31 Oct 2003

0.04049

—

28 Nov 2003

30 Nov 2003

0.03753

—

31 Dec 2003

0.03193

—

30 Jan 2004

31 Jan 2004

0.02934

—

27 Feb 2004

29 Feb 2004

0.03036

—

31 Mar 2004

0.03183

—

30 Apr 2004

0.03170

—

28 May 2004

31 May 2004

0.02905

—

30 Jun 2004

0.02727

—

30 Jul 2004

31 Jul 2004

0.02971

—

31 Aug 2004

0.02850

—

30 Sep 2004

0.02448

—

29 Oct 2004

31 Oct 2004

0.02546

—

30 Nov 2004

0.02708

—

31 Dec 2004

0.03650

—

31 Jan 2005

0.02669

—

28 Feb 2005

0.02625

—

31 Mar 2005

0.02793

—

29 Apr 2005

30 Apr 2005

0.02775

—

31 May 2005

0.02874

—

30 Jun 2005

0.02830

—

29 Jul 2005

31 Jul 2005

0.02939

—

31 Aug 2005

0.02942

—

30 Sep 2005

0.02949

—

31 Oct 2005

0.02957

—

30 Nov 2005

0.03003

—

30 Dec 2005

31 Dec 2005

0.03106

—

31 Jan 2006

0.02706

—

28 Feb 2006

0.02332

—

31 Mar 2006

0.03252

—

28 Apr 2006

30 Apr 2006

0.02978

—

31 May 2006

0.03232

—

30 Jun 2006

0.03442

—

31 Jul 2006

0.03346

—

31 Aug 2006

0.03220

—

29 Sep 2006

30 Sep 2006

0.03231

—

31 Oct 2006

0.03215

—

30 Nov 2006

0.02783

—

29 Dec 2006

31 Dec 2006

0.03517

—

31 Jan 2007

0.03121

—

28 Feb 2007

0.03093

—

30 Mar 2007

31 Mar 2007

0.03525

—

30 Apr 2007

0.03289

—

31 May 2007

0.03529

—

29 Jun 2007

30 Jun 2007

0.03536

—

31 Jul 2007

0.03665

—

31 Aug 2007

0.03666

—

28 Sep 2007

30 Sep 2007

0.03855

—

31 Oct 2007

0.03706

—

30 Nov 2007

0.03684

—

31 Dec 2007

0.03719

—

31 Jan 2008

0.03642

—

29 Feb 2008

0.03646

—

31 Mar 2008

0.03448

—

30 Apr 2008

0.03527

—

30 May 2008

31 May 2008

0.03623

—

30 Jun 2008

0.03732

—

31 Jul 2008

0.03690

—

29 Aug 2008

31 Aug 2008

0.03896

—

30 Sep 2008

0.03823

—

31 Oct 2008

0.02662

—

28 Nov 2008

30 Nov 2008

0.03395

—

31 Dec 2008

0.01625

—

30 Jan 2009

31 Jan 2009

0.01654

—

27 Feb 2009

28 Feb 2009

0.03280

—

31 Mar 2009

0.03985

—

30 Apr 2009

0.04242

—

29 May 2009

31 May 2009

0.04087

—

30 Jun 2009

0.04173

—

31 Jul 2009

0.04231

—

31 Aug 2009

0.04622

—

30 Sep 2009

0.03758

—

30 Oct 2009

31 Oct 2009

0.03590

—

19 Nov 2009

0.06188

—

0.00000

0.06188

30 Nov 2009

0.03509

—

31 Dec 2009

0.04876

—

29 Jan 2010

31 Jan 2010

0.03378

—

26 Feb 2010

28 Feb 2010

0.03353

—

31 Mar 2010

0.03445

—

30 Apr 2010

0.03027

—

28 May 2010

31 May 2010

0.03246

—

30 Jun 2010

0.03077

—

30 Jul 2010

31 Jul 2010

0.02786

—

31 Aug 2010

0.02797

—

30 Sep 2010

0.03233

—

29 Oct 2010

31 Oct 2010

0.03271

—

30 Nov 2010

0.03326

—

31 Dec 2010

0.04776

—

31 Jan 2011

0.03058

—

28 Feb 2011

0.03202

—

31 Mar 2011

0.03122

—

29 Apr 2011

30 Apr 2011

0.03247

—

31 May 2011

0.03544

—

30 Jun 2011

0.03243

—

29 Jul 2011

31 Jul 2011

0.03013

—

31 Aug 2011

0.02646

—

30 Sep 2011

0.02507

—

31 Oct 2011

0.02567

—

30 Nov 2011

0.03417

—

30 Dec 2011

31 Dec 2011

0.03619

—

31 Jan 2012

0.02654

—

29 Feb 2012

0.02450

—

30 Mar 2012

31 Mar 2012

0.02629

—

30 Apr 2012

0.02870

—

31 May 2012

0.02923

—

29 Jun 2012

30 Jun 2012

0.02544

—

31 Jul 2012

0.02422

—

31 Aug 2012

0.02927

—

28 Sep 2012

30 Sep 2012

0.02988

—

31 Oct 2012

0.03425

—

30 Nov 2012

0.03336

—

31 Dec 2012

0.03051

—

31 Jan 2013

0.02808

—

28 Feb 2013

0.02492

—

28 Mar 2013

31 Mar 2013

0.02743

—

30 Apr 2013

0.02631

—

31 May 2013

0.02567

—

28 Jun 2013

30 Jun 2013

0.02327

—

31 Jul 2013

0.02218

—

30 Aug 2013

31 Aug 2013

0.01544

—

30 Sep 2013

0.00759

—

31 Oct 2013

0.01343

—

29 Nov 2013

30 Nov 2013

0.01364

—

31 Dec 2013

0.01509

—

31 Jan 2014

0.01788

—

28 Feb 2014

0.02585

—

31 Mar 2014

0.03146

—

30 Apr 2014

0.02282

—

30 May 2014

31 May 2014

0.02469

—

30 Jun 2014

0.02332

—

31 Jul 2014

0.02347

—

29 Aug 2014

31 Aug 2014

0.02007

—

30 Sep 2014

0.02212

—

31 Oct 2014

0.02417

—

28 Nov 2014

30 Nov 2014

0.02575

—

31 Dec 2014

0.01695

—

30 Jan 2015

31 Jan 2015

0.01021

—

27 Feb 2015

28 Feb 2015

0.01006

—

31 Mar 2015

0.01240

—

30 Apr 2015

0.01882

—

29 May 2015

31 May 2015

0.02289

—

30 Jun 2015

0.01948

—

31 Jul 2015

0.01926

—

31 Aug 2015

0.01885

—

30 Sep 2015

0.01591

—

30 Oct 2015

31 Oct 2015

0.01067

—

30 Nov 2015

0.00894

—

31 Dec 2015

0.01952

—

29 Jan 2016

31 Jan 2016

0.01489

—

29 Feb 2016

0.01081

—

31 Mar 2016

0.01806

—

29 Apr 2016

30 Apr 2016

0.01698

—

31 May 2016

0.02007

—

30 Jun 2016

0.02106

—

29 Jul 2016

31 Jul 2016

0.01959

—

31 Aug 2016

0.01836

—

30 Sep 2016

0.00720

—

31 Oct 2016

0.01168

—

30 Nov 2016

0.01476

—

30 Dec 2016

31 Dec 2016

0.01775

—

31 Jan 2017

0.01133

—

28 Feb 2017

0.01363

—

31 Mar 2017

0.01908

—

28 Apr 2017

30 Apr 2017

0.01682

—

31 May 2017

0.01388

—

30 Jun 2017

0.01654

—

31 Jul 2017

0.01429

—

31 Aug 2017

0.01334

—

29 Sep 2017

30 Sep 2017

0.01418

—

31 Oct 2017

0.01699

—

30 Nov 2017

0.02036

—

29 Dec 2017

31 Dec 2017

0.01243

—

31 Jan 2018

0.01362

—

28 Feb 2018

0.01616

—

29 Mar 2018

31 Mar 2018

0.01805

—

30 Apr 2018

0.02036

—

31 May 2018

0.01761

—

29 Jun 2018

30 Jun 2018

0.02046

—

31 Jul 2018

0.02110

—

31 Aug 2018

0.01738

—

28 Sep 2018

30 Sep 2018

0.01529

—

31 Oct 2018

0.01592

—

30 Nov 2018

0.01754

—

31 Dec 2018

0.01850

—

31 Jan 2019

0.01182

—

28 Feb 2019

0.01243

—

29 Mar 2019

31 Mar 2019

0.01920

—

30 Apr 2019

0.02082

—

31 May 2019

0.02112

—

28 Jun 2019

30 Jun 2019

0.02106

—

31 Jul 2019

0.01935

—

31 Aug 2019

0.01803

—

30 Sep 2019

0.01938

—

31 Oct 2019

0.01924

—

30 Nov 2019

0.01795

—

31 Dec 2019

0.01819

—

31 Jan 2020

0.01626

—

29 Feb 2020

0.01649

—

31 Mar 2020

0.01765

—

30 Apr 2020

0.01754

—

31 May 2020

0.01313

—

30 Jun 2020

0.01086

—

31 Jul 2020

0.01238

—

31 Aug 2020

0.01405

—

30 Sep 2020

0.01386

—

30 Oct 2020

31 Oct 2020

0.01186

—

30 Nov 2020

0.01115

—

31 Dec 2020

0.01033

—

29 Jan 2021

31 Jan 2021

0.00915

—

26 Feb 2021

28 Feb 2021

0.01115

—

31 Mar 2021

0.01123

—

30 Apr 2021

0.01181

—

28 May 2021

31 May 2021

0.01282

—

30 Jun 2021

0.01380

—

30 Jul 2021

31 Jul 2021

0.01326

—

31 Aug 2021

0.01337

—

30 Sep 2021

0.01179

—

29 Oct 2021

31 Oct 2021

0.00940

—

30 Nov 2021

0.01030

—

31 Dec 2021

0.01321

—

31 Jan 2022

0.01138

—

28 Feb 2022

0.01126

—

31 Mar 2022

0.01487

—

29 Apr 2022

30 Apr 2022

0.01607

—

31 May 2022

0.02062

—

30 Jun 2022

0.01488

—

29 Jul 2022

31 Jul 2022

0.01995

—

31 Aug 2022

0.02553

—

30 Sep 2022

0.01168

—

31 Oct 2022

0.01221

—

30 Nov 2022

0.01751

—

30 Dec 2022

31 Dec 2022

0.02065

—

31 Jan 2023

0.01312

—

28 Feb 2023

0.01117

—

31 Mar 2023

0.02838

—

28 Apr 2023

30 Apr 2023

0.02606

—

31 May 2023

0.02254

—

30 Jun 2023

0.02488

—

31 Jul 2023

0.02258

—

31 Aug 2023

0.02413

—

29 Sep 2023

30 Sep 2023

0.02219

—

31 Oct 2023

0.02690

—

30 Nov 2023

0.02616

—

29 Dec 2023

31 Dec 2023

0.02254

—

31 Jan 2024

0.02041

—

29 Feb 2024

0.02285

—

28 Mar 2024

31 Mar 2024

0.03012

—

30 Apr 2024

0.03238

—

31 May 2024

0.03318

—

28 Jun 2024

30 Jun 2024

0.02776

—

31 Jul 2024

0.02473

—

30 Aug 2024

31 Aug 2024

0.02137

—

30 Sep 2024

0.02415

—

31 Oct 2024

0.02447

—

Fund Facts

(As of 31 Oct 2024)

Net Fund Assets

$130.1 M

Benchmark

Bloomberg U.S. Government Intermediate Index

Morningstar Category

Short Government

Fund Symbol

LTURX

Share Class

Share Class Inception Date

1 Jul 2003

Number of Holdings

155

Portfolio Turnover

32%

Distribution Frequency

Monthly

30-Day SEC Yield (Subsidized)

2.38%

30-Day SEC Yield (Unsubsidized)

1.50%

Annualized Distribution Yield

2.38%

Characteristics

Portfolio

(As of 31 Oct 2024)

Portfolio

Benchmark

Effective Duration

4.1 Yrs

3.5 Yrs

Average Effective Maturity

5.4 Yrs

3.9 Yrs

Portfolio

Benchmark

Weighted Average Coupon

2.5%

3.0%

Yield to Worst

4.7%

4.2%

Risk & Return Profile

(As of 30 Sep 2024)

10y

Beta

1.06

0.97

0.87

R-Squared (%)

95.53

88.22

86.20

Standard Deviation (%)

4.88

3.92

2.96

Sharpe Ratio

-0.72

-0.44

-0.17

Information Ratio

0.19

-0.13

-0.29

Up Capture (%)

107.44

97.88

84.78

Down Capture (%)

104.09

101.35

88.21

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 %

United States Treasury Inflation Indexed Bonds

91282CBF7

6.7

Fannie Mae Pool

3140XMZX7

4.4

United States Treasury Inflation Indexed Bonds

91282CEJ6

2.5

FARM 21-1 Mortgage Trust

30768WAA6

2.4

Caledonia Generating, LLC

129268AB4

2.1

United States Treasury Inflation Indexed Bonds

912810PV4

1.8

Fannie Mae Pool

31418D2Y7

1.8

United States Treasury Note/Bond

91282CHC8

1.7

United States Treasury Note/Bond

91282CGQ8

1.7

Freddie Mac Seasoned Credit Risk Transfer Trust 2017-4

35563PDD8

1.6

Download Holdings

Past performance does not guarantee future results.

Portfolio holdings are subject to change daily.

Exposure Breakdown

(As of 31 Oct 2024)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Mortgage Passthrough

34.0

—

Collateralized Mortgage Obligation

25.8

—

Treasury-Domestic

22.6

98.0

Commercial Mortgage Backed Security

4.6

—

Agency Debenture

4.4

2.0

Asset Backed Securities

4.1

—

Cash & Cash Equivalents

3.8

—

Corporate

0.7

—

Sector Allocation

Fund (%)

Mortgage Passthrough

34.0

Collateralized Mortgage Obligation

25.8

Treasury-Domestic

22.6

Commercial Mortgage Backed Security

4.6

Agency Debenture

4.4

Asset Backed Securities

4.1

Cash & Cash Equivalents

3.8

Corporate

0.7

Credit Quality

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

U.S. Government

96.2

100.0

Cash & Cash Equivalents

3.8

—

Credit Quality

Fund (%)

U.S. Government

96.2

Cash & Cash Equivalents

3.8

Maturity

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

25%

30%

Year 1

4.3

1.8

Year 2

5.1

24.1

Year 3

14.0

17.7

Year 4

9.3

14.3

Year 5

16.2

14.7

Year 6

8.0

6.8

Year 7

7.7

8.5

Year 8

2.7

3.7

Year 9

9.3

4.0

Year 10+

19.6

4.4

Cash

3.8

—

Maturity

Fund (%)

Year 1

4.3

Year 2

5.1

Year 3

14.0

Year 4

9.3

Year 5

16.2

Year 6

8.0

Year 7

7.7

Year 8

2.7

Year 9

9.3

Year 10+

19.6

Cash

3.8

Holdings are classified by country of risk as determined by MSCI and Bloomberg.

Credit quality ratings use the highest rating available from either S&P Global Ratings or Moody's Investors Service. Unrated securities are evaluated by the firm using available data and their own analysis that may be similar to that of a nationally recognized rating agency; however, such determination is not equivalent to a national agency credit rating. "NR" = Not Rated.

Data based on representative account.

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

Portfolio Managers

Lon Erickson, CFA

Portfolio Manager and Managing Director

Lon Erickson is portfolio manager for Thornburg Investment Management. He joined Thornburg in 2008 and was named a managing director and was promoted to portfolio manager in 2010. Prior to joining Thornburg Investment Management, Lon spent almost 11 years as an analyst for State Farm Insurance in the equity and corporate bond departments. Lon earned a bachelor’s degree in business…

Learn More

Christian Hoffmann, CFA

Head of Fixed Income and Managing Director

Christian Hoffmann is head of fixed income and a portfolio manager for Thornburg Investment Management. He joined the firm in 2012 as a fixed income analyst and was promoted to associate portfolio manager in 2014. Christian was named a managing director in 2017, was promoted to portfolio manager in 2018, and to head of fixed income in 2024. Prior to…

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 mortgage-backed securities (MBS) may bear additional risk. 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.

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

Class R shares are limited to retirement platforms only.

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 Limited Term U.S. Government Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Lon Erickson, CFA

Christian Hoffmann, CFA

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 Limited Term U.S. Government Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Lon Erickson, CFA

Christian Hoffmann, CFA

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