Thornburg Intermediate Term Municipal Fund

SYMBOL: THMIX

Morningstar Rating • Info

Overall Morningstar Rating among 257 Muni National Intermediate funds, based on risk-adjusted returns for class I shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 5 stars, 5 stars and 4 stars among 257, 240 and 175 funds, as of 31 Oct 2024.

As of 31 Oct 2024

Fund Assets

$1.0 B

As of 31 Oct 2024

NAV

$13.22

As of 20 Nov 2024

Change

$0.00

As of 20 Nov 2024

YTD NAV Performance

2.51%

As of 20 Nov 2024

Asset Category:

Municipal Bond

Fund Benchmark:

ICE BofA 3-15 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 intermediate-term investment grade municipal bonds with an average maturity of three to ten years and duration of four to six years.
Proven bottom-up fundamental approach that incorporates a top-down macroeconomic overlay to identify what we perceive to be the most attractive opportunities on a relative value basis across geographic regions, sectors, issuers and revenue streams.
Relative value philosophy that seeks to maximize tax-exempt income while minimizing changes in its share value. The fund focuses on identifying attractive value in the investment-grade municipal bond market. We apply a strict discipline of fundamental credit research and strive to produce an attractive dividend while avoiding the long maturities that are most vulnerable to interest-rate swings.

Investment Objective

The fund’s goal is to provide investors with as high a level of current income exempt from federal individual income tax 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. The investment team applies a relative value framework, focusing on fundamentals and valuations to identify inefficiencies in the market. Team members are responsible for credit research, portfolio construction, trading and risk oversight and have the flexibility to source ideas across sector, geography and issuer. The strategy maintains exposure across the maturity spectrum to manage duration, hedge against interest rate fluctuations and limit taxable events.

Returns

(As of 30 Sep 2024)

YTD

10y

Inception

Total Return (%)

3.06

9.08

0.83

1.59

2.11

3.86

ICE BofA 3-15 Year U.S. Municipal Securities Index (%)

2.12

8.81

0.32

1.41

2.32

—

Morningstar Category Avg. (%)

2.89

9.51

0.14

1.21

2.02

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return (%)

1.91

8.39

0.60

1.35

1.95

3.80

ICE BofA 3-15 Year U.S. Municipal Securities Index (%)

0.70

8.02

-0.07

1.09

2.13

—

Morningstar Category Avg. (%)

1.64

9.29

-0.2

0.97

1.85

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return (%)

3.06

9.08

2.52

8.22

23.24

191.06

ICE BofA 3-15 Year U.S. Municipal Securities Index (%)

2.12

8.81

0.95

7.25

25.75

—

YTD

10y

Inception

Total Return (%)

1.91

8.39

1.81

6.92

21.27

187.82

ICE BofA 3-15 Year U.S. Municipal Securities Index (%)

0.70

8.02

-0.22

5.57

23.42

—

2018

2019

2020

2021

2022

2023

Total Return (%)

0.81

5.90

4.06

1.23

-6.13

5.71

ICE BofA 3-15 Year U.S. Municipal Securities Index (%)

1.45

7.01

4.96

0.94

-6.64

5.41

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 2.00%. C shares include a 0.60% contingent deferred sales charge (CDSC) for the first year only. There is no up-front sales charge for class I shares.

Morningstar quartile ranking for Muni National Interm category is based on total returns before sales charges for 1, 3, 5 and 10 years, among 289, 262, 240 and 176 funds, respectively, as of 30 Sep 2024.

Share class inception dates: A shares, 22 Jul 1991; C shares, 1 Sep 1994; I shares, 5 Jul 1996.

Fund Fees

(As of 1 Feb 2024)

Gross Expense Ratio (%)

0.67

Net Expense Ratio (%)

0.48

Distributions

            Categories,Total ($)
            1996-01-31,0
1996-02-29,0
1996-03-31,0
1996-04-30,0
1996-05-31,0
1996-06-30,0
1996-07-31,0.05353
1996-08-31,0.05954
1996-09-30,0.05946
1996-10-31,0.05969
1996-11-30,0.05964
1996-12-31,0.05862
1997-01-31,0.05892
1997-02-28,0.05939
1997-03-31,0.05885
1997-04-30,0.05892
1997-05-31,0.05837
1997-06-30,0.05839
1997-07-31,0.05665
1997-08-31,0.05682
1997-09-30,0.05701
1997-10-31,0.05655
1997-11-30,0.05653
1997-12-31,0.05639
1998-01-31,0.05650
1998-02-28,0.05684
1998-03-31,0.05571
1998-04-30,0.05594
1998-05-31,0.05547
1998-06-30,0.05532
1998-07-31,0.05514
1998-08-31,0.05488
1998-09-30,0.05533
1998-10-31,0.05498
1998-11-30,0.05528
1998-12-31,0.05528
1999-01-31,0.05492
1999-02-28,0.05585
1999-03-31,0.05485
1999-04-30,0.05519
1999-05-31,0.05477
1999-06-30,0.05528
1999-07-31,0.05513
1999-08-31,0.05381
1999-09-30,0.05375
1999-10-31,0.05385
1999-11-30,0.05480
1999-12-31,0.05419
2000-01-31,0.05421
2000-02-29,0.05452
2000-03-31,0.05448
2000-04-30,0.05496
2000-05-31,0.05402
2000-06-30,0.05391
2000-07-31,0.05377
2000-08-31,0.05355
2000-09-30,0.05480
2000-10-31,0.05400
2000-11-30,0.05367
2000-12-31,0.05370
2001-01-31,0.05566
2001-02-28,0.05418
2001-03-31,0.05343
2001-04-30,0.05473
2001-05-31,0.05494
2001-06-30,0.05512
2001-07-31,0.05485
2001-08-31,0.05443
2001-09-30,0.05312
2001-10-31,0.05255
2001-11-30,0.05216
2001-12-31,0.05111
2002-01-31,0.05169
2002-02-28,0.05109
2002-03-31,0.05075
2002-04-30,0.05044
2002-05-31,0.05043
2002-06-30,0.04982
2002-07-31,0.04899
2002-08-31,0.04855
2002-09-30,0.04828
2002-10-31,0.04844
2002-11-30,0.04885
2002-12-31,0.04869
2003-01-31,0.04834
2003-02-28,0.04777
2003-03-31,0.04714
2003-04-30,0.04694
2003-05-31,0.04709
2003-06-30,0.04687
2003-07-31,0.04605
2003-08-31,0.04823
2003-09-30,0.04747
2003-10-31,0.04704
2003-11-30,0.04680
2003-12-31,0.04631
2004-01-31,0.04610
2004-02-29,0.04610
2004-03-31,0.04589
2004-04-30,0.04641
2004-05-31,0.04699
2004-06-30,0.04749
2004-07-31,0.04674
2004-08-31,0.04558
2004-09-30,0.04508
2004-10-31,0.04455
2004-11-30,0.04463
2004-12-31,0.04386
2005-01-31,0.04400
2005-02-28,0.04474
2005-03-31,0.04427
2005-04-30,0.04489
2005-05-31,0.04459
2005-06-30,0.04444
2005-07-31,0.04465
2005-08-31,0.04495
2005-09-30,0.04401
2005-10-31,0.04338
2005-11-30,0.04371
2005-12-31,0.04349
2006-01-31,0.04532
2006-02-28,0.04324
2006-03-31,0.04480
2006-04-30,0.04488
2006-05-31,0.04489
2006-06-30,0.04559
2006-07-31,0.04550
2006-08-31,0.04555
2006-09-30,0.04529
2006-10-31,0.04526
2006-11-30,0.04541
2006-12-31,0.04546
2007-01-31,0.04494
2007-02-28,0.04605
2007-03-31,0.04562
2007-04-30,0.04589
2007-05-31,0.04567
2007-06-30,0.04493
2007-07-31,0.04577
2007-08-31,0.04608
2007-09-30,0.04623
2007-10-31,0.04571
2007-11-30,0.04566
2007-12-31,0.04548
2008-01-31,0.04568
2008-02-29,0.04710
2008-03-31,0.04711
2008-04-30,0.04686
2008-05-31,0.04533
2008-06-30,0.04666
2008-07-31,0.04664
2008-08-31,0.04712
2008-09-30,0.04784
2008-10-31,0.04766
2008-11-30,0.04724
2008-12-31,0.04769
2009-01-31,0.04814
2009-02-28,0.04858
2009-03-31,0.04779
2009-04-30,0.04801
2009-05-31,0.04802
2009-06-30,0.04839
2009-07-31,0.04833
2009-08-31,0.04798
2009-09-30,0.04680
2009-10-31,0.04591
2009-11-30,0.04740
2009-12-31,0.04603
2010-01-31,0.04575
2010-02-28,0.04549
2010-03-31,0.04418
2010-04-30,0.04498
2010-05-31,0.04413
2010-06-30,0.04406
2010-07-31,0.04319
2010-08-31,0.04223
2010-09-30,0.04040
2010-10-31,0.04068
2010-11-30,0.04210
2010-12-31,0.04304
2011-01-31,0.04407
2011-02-28,0.04522
2011-03-31,0.04461
2011-04-30,0.04460
2011-05-31,0.04377
2011-06-30,0.04415
2011-07-31,0.04246
2011-08-31,0.04202
2011-09-30,0.04075
2011-10-31,0.04122
2011-11-30,0.04076
2011-12-31,0.04124
2012-01-31,0.03862
2012-02-29,0.03708
2012-03-31,0.03545
2012-04-30,0.03524
2012-05-31,0.03552
2012-06-30,0.03614
2012-07-31,0.03571
2012-08-31,0.03448
2012-09-30,0.03470
2012-10-31,0.03367
2012-11-30,0.03389
2012-12-31,0.03301
2013-01-31,0.03295
2013-02-28,0.03236
2013-03-31,0.03051
2013-04-30,0.03054
2013-05-31,0.02996
2013-06-30,0.03046
2013-07-31,0.03006
2013-08-31,0.02979
2013-09-30,0.03082
2013-10-31,0.03144
2013-11-30,0.03190
2013-12-31,0.03230
2014-01-31,0.03206
2014-02-28,0.03466
2014-03-31,0.03281
2014-04-30,0.03222
2014-05-31,0.03126
2014-06-30,0.03187
2014-07-31,0.03122
2014-08-31,0.03108
2014-09-30,0.02951
2014-10-31,0.02953
2014-11-30,0.02948
2014-12-31,0.02866
2015-01-31,0.02816
2015-02-28,0.02988
2015-03-31,0.02777
2015-04-30,0.02803
2015-05-31,0.02747
2015-06-30,0.02729
2015-07-31,0.02727
2015-08-31,0.02734
2015-09-30,0.02847
2015-10-31,0.02910
2015-11-30,0.02946
2015-12-31,0.02794
2016-01-31,0.02627
2016-02-29,0.02698
2016-03-31,0.02652
2016-04-30,0.02738
2016-05-31,0.02717
2016-06-30,0.02804
2016-07-31,0.02717
2016-08-31,0.02701
2016-09-30,0.02785
2016-10-31,0.02720
2016-11-30,0.02762
2016-12-31,0.02789
2017-01-31,0.02795
2017-02-28,0.02970
2017-03-31,0.02843
2017-04-30,0.02967
2017-05-31,0.02956
2017-06-30,0.02996
2017-07-31,0.02927
2017-08-31,0.02894
2017-09-30,0.02914
2017-10-31,0.02877
2017-11-30,0.02961
2017-12-31,0.02949
2018-01-31,0.02945
2018-02-28,0.03076
2018-03-31,0.02918
2018-04-30,0.03017
2018-05-31,0.02945
2018-06-30,0.03011
2018-07-31,0.02946
2018-08-31,0.02984
2018-09-30,0.02965
2018-10-31,0.03024
2018-11-30,0.03046
2018-12-31,0.03029
2019-01-31,0.03018
2019-02-28,0.03204
2019-03-31,0.03034
2019-04-30,0.03095
2019-05-31,0.03136
2019-06-30,0.03248
2019-07-31,0.03288
2019-08-31,0.03278
2019-09-30,0.03255
2019-10-31,0.03141
2019-11-30,0.03204
2019-12-31,0.03160
2020-01-31,0.03151
2020-02-29,0.03351
2020-03-31,0.03295
2020-04-30,0.03334
2020-05-31,0.03253
2020-06-30,0.03216
2020-07-31,0.03126
2020-08-31,0.03072
2020-09-30,0.03103
2020-10-31,0.03023
2020-11-30,0.03095
2020-12-31,0.03020
2021-01-31,0.03040
2021-02-28,0.03189
2021-03-31,0.03001
2021-04-30,0.03043
2021-05-31,0.02987
2021-06-30,0.03062
2021-07-31,0.02951
2021-08-31,0.02919
2021-09-30,0.02930
2021-10-31,0.02838
2021-11-30,0.02893
2021-12-31,0.02787
2022-01-31,0.02744
2022-02-28,0.02946
2022-03-31,0.02800
2022-04-30,0.03100
2022-05-31,0.03005
2022-06-30,0.03080
2022-07-31,0.03120
2022-08-31,0.03187
2022-09-30,0.03231
2022-10-31,0.03326
2022-11-30,0.03423
2022-12-31,0.03485
2023-01-31,0.03422
2023-02-28,0.03695
2023-03-31,0.03494
2023-04-30,0.03627
2023-05-31,0.03684
2023-06-30,0.03708
2023-07-31,0.03730
2023-08-31,0.03734
2023-09-30,0.03769
2023-10-31,0.03859
2023-11-30,0.03982
2023-12-31,0.04000
2024-01-31,0.03891
2024-02-29,0.03999
2024-03-31,0.03978
2024-04-30,0.04019
2024-05-31,0.03996
2024-06-30,0.04009
2024-07-31,0.04007
2024-08-31,0.03997
2024-09-30,0.04068
2024-10-31,0.04109

            Ex-Date, Payable Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
1996-01-31,823046400,0,0,0,0
1996-02-29,825552000,0,0,0,0
1996-03-31,828230400,0,0,0,0
1996-04-30,830822400,0,0,0,0
1996-05-31,833500800,0,0,0,0
1996-06-30,836092800,0,0,0,0
1996-07-31,838771200,0.05353,0.05353,0,0
1996-08-30,841449600,0.05954,0.05954,0,0
1996-09-30,844041600,0.05946,0.05946,0,0
1996-10-31,846720000,0.05969,0.05969,0,0
1996-11-29,849312000,0.05964,0.05964,0,0
1996-12-31,851990400,0.05862,0.05862,0,0
1997-01-31,854668800,0.05892,0.05892,0,0
1997-02-28,857088000,0.05939,0.05939,0,0
1997-03-31,859766400,0.05885,0.05885,0,0
1997-04-30,862358400,0.05892,0.05892,0,0
1997-05-30,865036800,0.05837,0.05837,0,0
1997-06-30,867628800,0.05839,0.05839,0,0
1997-07-31,870307200,0.05665,0.05665,0,0
1997-08-29,872985600,0.05682,0.05682,0,0
1997-09-30,875577600,0.05701,0.05701,0,0
1997-10-31,878256000,0.05655,0.05655,0,0
1997-11-28,880848000,0.05653,0.05653,0,0
1997-12-31,883526400,0.05639,0.05639,0,0
1998-01-30,886204800,0.05650,0.05650,0,0
1998-02-27,888624000,0.05684,0.05684,0,0
1998-03-31,891302400,0.05571,0.05571,0,0
1998-04-30,893894400,0.05594,0.05594,0,0
1998-05-29,896572800,0.05547,0.05547,0,0
1998-06-30,899164800,0.05532,0.05532,0,0
1998-07-31,901843200,0.05514,0.05514,0,0
1998-08-31,904521600,0.05488,0.05488,0,0
1998-09-30,907113600,0.05533,0.05533,0,0
1998-10-30,909792000,0.05498,0.05498,0,0
1998-11-30,912384000,0.05528,0.05528,0,0
1998-12-31,915062400,0.05528,0.05528,0,0
1999-01-29,917740800,0.05492,0.05492,0,0
1999-02-26,920160000,0.05585,0.05585,0,0
1999-03-31,922838400,0.05485,0.05485,0,0
1999-04-30,925430400,0.05519,0.05519,0,0
1999-05-28,928108800,0.05477,0.05477,0,0
1999-06-30,930700800,0.05528,0.05528,0,0
1999-07-30,933379200,0.05513,0.05513,0,0
1999-08-31,936057600,0.05381,0.05381,0,0
1999-09-30,938649600,0.05375,0.05375,0,0
1999-10-29,941328000,0.05385,0.05385,0,0
1999-11-30,943920000,0.05480,0.05480,0,0
1999-12-31,946598400,0.05419,0.05419,0,0
2000-01-31,949276800,0.05421,0.05421,0,0
2000-02-29,951782400,0.05452,0.05452,0,0
2000-03-31,954460800,0.05448,0.05448,0,0
2000-04-28,957052800,0.05496,0.05496,0,0
2000-05-31,959731200,0.05402,0.05402,0,0
2000-06-30,962323200,0.05391,0.05391,0,0
2000-07-31,965001600,0.05377,0.05377,0,0
2000-08-31,967680000,0.05355,0.05355,0,0
2000-09-29,970272000,0.05480,0.05480,0,0
2000-10-31,972950400,0.05400,0.05400,0,0
2000-11-30,975542400,0.05367,0.05367,0,0
2000-12-29,978220800,0.05370,0.05370,0,0
2001-01-31,980899200,0.05566,0.05566,0,0
2001-02-28,983318400,0.05418,0.05418,0,0
2001-03-30,985996800,0.05343,0.05343,0,0
2001-04-30,988588800,0.05473,0.05473,0,0
2001-05-31,991267200,0.05494,0.05494,0,0
2001-06-29,993859200,0.05512,0.05512,0,0
2001-07-31,996537600,0.05485,0.05485,0,0
2001-08-31,999216000,0.05443,0.05443,0,0
2001-09-28,1001808000,0.05312,0.05312,0,0
2001-10-31,1004486400,0.05255,0.05255,0,0
2001-11-30,1007078400,0.05216,0.05216,0,0
2001-12-31,1009756800,0.05111,0.05111,0,0
2002-01-31,1012435200,0.05169,0.05169,0,0
2002-02-28,1014854400,0.05109,0.05109,0,0
2002-03-28,1017532800,0.05075,0.05075,0,0
2002-04-30,1020124800,0.05044,0.05044,0,0
2002-05-31,1022803200,0.05043,0.05043,0,0
2002-06-28,1025395200,0.04982,0.04982,0,0
2002-07-31,1028073600,0.04899,0.04899,0,0
2002-08-30,1030752000,0.04855,0.04855,0,0
2002-09-30,1033344000,0.04828,0.04828,0,0
2002-10-31,1036022400,0.04844,0.04844,0,0
2002-11-29,1038614400,0.04885,0.04885,0,0
2002-12-31,1041292800,0.04869,0.04869,0,0
2003-01-31,1043971200,0.04834,0.04834,0,0
2003-02-28,1046390400,0.04777,0.04777,0,0
2003-03-31,1049068800,0.04714,0.04714,0,0
2003-04-30,1051660800,0.04694,0.04694,0,0
2003-05-30,1054339200,0.04709,0.04709,0,0
2003-06-30,1056931200,0.04687,0.04687,0,0
2003-07-31,1059609600,0.04605,0.04605,0,0
2003-08-29,1062288000,0.04823,0.04823,0,0
2003-09-30,1064880000,0.04747,0.04747,0,0
2003-10-31,1067558400,0.04704,0.04704,0,0
2003-11-28,1070150400,0.04680,0.04680,0,0
2003-12-31,1072828800,0.04631,0.04631,0,0
2004-01-30,1075507200,0.04610,0.04610,0,0
2004-02-27,1078012800,0.04610,0.04610,0,0
2004-03-31,1080691200,0.04589,0.04589,0,0
2004-04-30,1083283200,0.04641,0.04641,0,0
2004-05-28,1085961600,0.04699,0.04699,0,0
2004-06-30,1088553600,0.04749,0.04749,0,0
2004-07-30,1091232000,0.04674,0.04674,0,0
2004-08-31,1093910400,0.04558,0.04558,0,0
2004-09-30,1096502400,0.04508,0.04508,0,0
2004-10-29,1099180800,0.04455,0.04455,0,0
2004-11-30,1101772800,0.04463,0.04463,0,0
2004-12-31,1104451200,0.04386,0.04386,0,0
2005-01-31,1107129600,0.04400,0.04400,0,0
2005-02-28,1109548800,0.04474,0.04474,0,0
2005-03-31,1112227200,0.04427,0.04427,0,0
2005-04-29,1114819200,0.04489,0.04489,0,0
2005-05-31,1117497600,0.04459,0.04459,0,0
2005-06-30,1120089600,0.04444,0.04444,0,0
2005-07-29,1122768000,0.04465,0.04465,0,0
2005-08-31,1125446400,0.04495,0.04495,0,0
2005-09-30,1128038400,0.04401,0.04401,0,0
2005-10-31,1130716800,0.04338,0.04338,0,0
2005-11-30,1133308800,0.04371,0.04371,0,0
2005-12-30,1135987200,0.04349,0.04349,0,0
2006-01-31,1138665600,0.04532,0.04532,0,0
2006-02-28,1141084800,0.04324,0.04324,0,0
2006-03-31,1143763200,0.04480,0.04480,0,0
2006-04-28,1146355200,0.04488,0.04488,0,0
2006-05-31,1149033600,0.04489,0.04489,0,0
2006-06-30,1151625600,0.04559,0.04559,0,0
2006-07-31,1154304000,0.04550,0.04550,0,0
2006-08-31,1156982400,0.04555,0.04555,0,0
2006-09-29,1159574400,0.04529,0.04529,0,0
2006-10-31,1162252800,0.04526,0.04526,0,0
2006-11-30,1164844800,0.04541,0.04541,0,0
2006-12-29,1167523200,0.04546,0.04546,0,0
2007-01-31,1170201600,0.04494,0.04494,0,0
2007-02-28,1172620800,0.04605,0.04605,0,0
2007-03-30,1175299200,0.04562,0.04562,0,0
2007-04-30,1177891200,0.04589,0.04589,0,0
2007-05-31,1180569600,0.04567,0.04567,0,0
2007-06-29,1183161600,0.04493,0.04493,0,0
2007-07-31,1185840000,0.04577,0.04577,0,0
2007-08-31,1188518400,0.04608,0.04608,0,0
2007-09-28,1191110400,0.04623,0.04623,0,0
2007-10-31,1193788800,0.04571,0.04571,0,0
2007-11-30,1196380800,0.04566,0.04566,0,0
2007-12-31,1199059200,0.04548,0.04548,0,0
2008-01-31,1201737600,0.04568,0.04568,0,0
2008-02-29,1204243200,0.04710,0.04710,0,0
2008-03-31,1206921600,0.04711,0.04711,0,0
2008-04-30,1209513600,0.04686,0.04686,0,0
2008-05-30,1212192000,0.04533,0.04533,0,0
2008-06-30,1214784000,0.04666,0.04666,0,0
2008-07-31,1217462400,0.04664,0.04664,0,0
2008-08-29,1220140800,0.04712,0.04712,0,0
2008-09-30,1222732800,0.04784,0.04784,0,0
2008-10-31,1225411200,0.04766,0.04766,0,0
2008-11-28,1228003200,0.04724,0.04724,0,0
2008-12-31,1230681600,0.04769,0.04769,0,0
2009-01-30,1233360000,0.04814,0.04814,0,0
2009-02-27,1235779200,0.04858,0.04858,0,0
2009-03-31,1238457600,0.04779,0.04779,0,0
2009-04-30,1241049600,0.04801,0.04801,0,0
2009-05-29,1243728000,0.04802,0.04802,0,0
2009-06-30,1246320000,0.04839,0.04839,0,0
2009-07-31,1248998400,0.04833,0.04833,0,0
2009-08-31,1251676800,0.04798,0.04798,0,0
2009-09-30,1254268800,0.04680,0.04680,0,0
2009-10-30,1256947200,0.04591,0.04591,0,0
2009-11-30,1259539200,0.04740,0.04740,0,0
2009-12-31,1262217600,0.04603,0.04603,0,0
2010-01-29,1264896000,0.04575,0.04575,0,0
2010-02-26,1267315200,0.04549,0.04549,0,0
2010-03-31,1269993600,0.04418,0.04418,0,0
2010-04-30,1272585600,0.04498,0.04498,0,0
2010-05-28,1275264000,0.04413,0.04413,0,0
2010-06-30,1277856000,0.04406,0.04406,0,0
2010-07-30,1280534400,0.04319,0.04319,0,0
2010-08-31,1283212800,0.04223,0.04223,0,0
2010-09-30,1285804800,0.04040,0.04040,0,0
2010-10-29,1288483200,0.04068,0.04068,0,0
2010-11-30,1291075200,0.04210,0.04210,0,0
2010-12-31,1293753600,0.04304,0.04304,0,0
2011-01-31,1296432000,0.04407,0.04407,0,0
2011-02-28,1298851200,0.04522,0.04522,0,0
2011-03-31,1301529600,0.04461,0.04461,0,0
2011-04-29,1304121600,0.04460,0.04460,0,0
2011-05-31,1306800000,0.04377,0.04377,0,0
2011-06-30,1309392000,0.04415,0.04415,0,0
2011-07-29,1312070400,0.04246,0.04246,0,0
2011-08-31,1314748800,0.04202,0.04202,0,0
2011-09-30,1317340800,0.04075,0.04075,0,0
2011-10-31,1320019200,0.04122,0.04122,0,0
2011-11-30,1322611200,0.04076,0.04076,0,0
2011-12-30,1325289600,0.04124,0.04124,0,0
2012-01-31,1327968000,0.03862,0.03862,0,0
2012-02-29,1330473600,0.03708,0.03708,0,0
2012-03-30,1333152000,0.03545,0.03545,0,0
2012-04-30,1335744000,0.03524,0.03524,0,0
2012-05-31,1338422400,0.03552,0.03552,0,0
2012-06-29,1341014400,0.03614,0.03614,0,0
2012-07-31,1343692800,0.03571,0.03571,0,0
2012-08-31,1346371200,0.03448,0.03448,0,0
2012-09-28,1348963200,0.03470,0.03470,0,0
2012-10-31,1351641600,0.03367,0.03367,0,0
2012-11-30,1354233600,0.03389,0.03389,0,0
2012-12-31,1356912000,0.03301,0.03301,0,0
2013-01-31,1359590400,0.03295,0.03295,0,0
2013-02-28,1362009600,0.03236,0.03236,0,0
2013-03-28,1364688000,0.03051,0.03051,0,0
2013-04-30,1367280000,0.03054,0.03054,0,0
2013-05-31,1369958400,0.02996,0.02996,0,0
2013-06-28,1372550400,0.03046,0.03046,0,0
2013-07-31,1375228800,0.03006,0.03006,0,0
2013-08-30,1377907200,0.02979,0.02979,0,0
2013-09-30,1380499200,0.03082,0.03082,0,0
2013-10-31,1383177600,0.03144,0.03144,0,0
2013-11-29,1385769600,0.03190,0.03190,0,0
2013-12-31,1388448000,0.03230,0.03230,0,0
2014-01-31,1391126400,0.03206,0.03206,0,0
2014-02-28,1393545600,0.03466,0.03466,0,0
2014-03-31,1396224000,0.03281,0.03281,0,0
2014-04-30,1398816000,0.03222,0.03222,0,0
2014-05-30,1401494400,0.03126,0.03126,0,0
2014-06-30,1404086400,0.03187,0.03187,0,0
2014-07-31,1406764800,0.03122,0.03122,0,0
2014-08-29,1409443200,0.03108,0.03108,0,0
2014-09-30,1412035200,0.02951,0.02951,0,0
2014-10-31,1414713600,0.02953,0.02953,0,0
2014-11-28,1417305600,0.02948,0.02948,0,0
2014-12-31,1419984000,0.02866,0.02866,0,0
2015-01-30,1422662400,0.02816,0.02816,0,0
2015-02-27,1425081600,0.02988,0.02988,0,0
2015-03-31,1427760000,0.02777,0.02777,0,0
2015-04-30,1430352000,0.02803,0.02803,0,0
2015-05-29,1433030400,0.02747,0.02747,0,0
2015-06-30,1435622400,0.02729,0.02729,0,0
2015-07-31,1438300800,0.02727,0.02727,0,0
2015-08-31,1440979200,0.02734,0.02734,0,0
2015-09-30,1443571200,0.02847,0.02847,0,0
2015-10-30,1446249600,0.02910,0.02910,0,0
2015-11-30,1448841600,0.02946,0.02946,0,0
2015-12-31,1451520000,0.02794,0.02794,0,0
2016-01-29,1454198400,0.02627,0.02627,0,0
2016-02-29,1456704000,0.02698,0.02698,0,0
2016-03-31,1459382400,0.02652,0.02652,0,0
2016-04-29,1461974400,0.02738,0.02738,0,0
2016-05-31,1464652800,0.02717,0.02717,0,0
2016-06-30,1467244800,0.02804,0.02804,0,0
2016-07-29,1469923200,0.02717,0.02717,0,0
2016-08-31,1472601600,0.02701,0.02701,0,0
2016-09-30,1475193600,0.02785,0.02785,0,0
2016-10-31,1477872000,0.02720,0.02720,0,0
2016-11-30,1480464000,0.02762,0.02762,0,0
2016-12-30,1483142400,0.02789,0.02789,0,0
2017-01-31,1485820800,0.02795,0.02795,0,0
2017-02-28,1488240000,0.02970,0.02970,0,0
2017-03-31,1490918400,0.02843,0.02843,0,0
2017-04-28,1493510400,0.02967,0.02967,0,0
2017-05-31,1496188800,0.02956,0.02956,0,0
2017-06-30,1498780800,0.02996,0.02996,0,0
2017-07-31,1501459200,0.02927,0.02927,0,0
2017-08-31,1504137600,0.02894,0.02894,0,0
2017-09-29,1506729600,0.02914,0.02914,0,0
2017-10-31,1509408000,0.02877,0.02877,0,0
2017-11-30,1512000000,0.02961,0.02961,0,0
2017-12-29,1514678400,0.02949,0.02949,0,0
2018-01-31,1517356800,0.02945,0.02945,0,0
2018-02-28,1519776000,0.03076,0.03076,0,0
2018-03-29,1522454400,0.02918,0.02918,0,0
2018-04-30,1525046400,0.03017,0.03017,0,0
2018-05-31,1527724800,0.02945,0.02945,0,0
2018-06-29,1530316800,0.03011,0.03011,0,0
2018-07-31,1532995200,0.02946,0.02946,0,0
2018-08-31,1535673600,0.02984,0.02984,0,0
2018-09-28,1538265600,0.02965,0.02965,0,0
2018-10-31,1540944000,0.03024,0.03024,0,0
2018-11-30,1543536000,0.03046,0.03046,0,0
2018-12-31,1546214400,0.03029,0.03029,0,0
2019-01-31,1548892800,0.03018,0.03018,0,0
2019-02-28,1551312000,0.03204,0.03204,0,0
2019-03-29,1553990400,0.03034,0.03034,0,0
2019-04-30,1556582400,0.03095,0.03095,0,0
2019-05-31,1559260800,0.03136,0.03136,0,0
2019-06-28,1561852800,0.03248,0.03248,0,0
2019-07-31,1564531200,0.03288,0.03288,0,0
2019-08-31,1567209600,0.03278,0.03278,0,0
2019-09-30,1569801600,0.03255,0.03255,0,0
2019-10-31,1572480000,0.03141,0.03141,0,0
2019-11-30,1575072000,0.03204,0.03204,0,0
2019-12-31,1577750400,0.03160,0.03160,0,0
2020-01-31,1580428800,0.03151,0.03151,0,0
2020-02-29,1582934400,0.03351,0.03351,0,0
2020-03-31,1585612800,0.03295,0.03295,0,0
2020-04-30,1588204800,0.03334,0.03334,0,0
2020-05-31,1590883200,0.03253,0.03253,0,0
2020-06-30,1593475200,0.03216,0.03216,0,0
2020-07-31,1596153600,0.03126,0.03126,0,0
2020-08-31,1598832000,0.03072,0.03072,0,0
2020-09-30,1601424000,0.03103,0.03103,0,0
2020-10-30,1604102400,0.03023,0.03023,0,0
2020-11-30,1606694400,0.03095,0.03095,0,0
2020-12-31,1609372800,0.03020,0.03020,0,0
2021-01-29,1612051200,0.03040,0.03040,0,0
2021-02-26,1614470400,0.03189,0.03189,0,0
2021-03-31,1617148800,0.03001,0.03001,0,0
2021-04-30,1619740800,0.03043,0.03043,0,0
2021-05-28,1622419200,0.02987,0.02987,0,0
2021-06-30,1625011200,0.03062,0.03062,0,0
2021-07-30,1627689600,0.02951,0.02951,0,0
2021-08-31,1630368000,0.02919,0.02919,0,0
2021-09-30,1632960000,0.02930,0.02930,0,0
2021-10-29,1635638400,0.02838,0.02838,0,0
2021-11-30,1638230400,0.02893,0.02893,0,0
2021-12-31,1640908800,0.02787,0.02787,0,0
2022-01-31,1643587200,0.02744,0.02744,0,0
2022-02-28,1646006400,0.02946,0.02946,0,0
2022-03-31,1648684800,0.02800,0.02800,0,0
2022-04-29,1651276800,0.03100,0.03100,0,0
2022-05-31,1653955200,0.03005,0.03005,0,0
2022-06-30,1656547200,0.03080,0.03080,0,0
2022-07-29,1659225600,0.03120,0.03120,0,0
2022-08-31,1661904000,0.03187,0.03187,0,0
2022-09-30,1664496000,0.03231,0.03231,0,0
2022-10-31,1667174400,0.03326,0.03326,0,0
2022-11-30,1669766400,0.03423,0.03423,0,0
2022-12-30,1672444800,0.03485,0.03485,0,0
2023-01-31,1675123200,0.03422,0.03422,0,0
2023-02-28,1677542400,0.03695,0.03695,0,0
2023-03-31,1680220800,0.03494,0.03494,0,0
2023-04-28,1682812800,0.03627,0.03627,0,0
2023-05-31,1685491200,0.03684,0.03684,0,0
2023-06-30,1688083200,0.03708,0.03708,0,0
2023-07-31,1690761600,0.03730,0.03730,0,0
2023-08-31,1693440000,0.03734,0.03734,0,0
2023-09-29,1696032000,0.03769,0.03769,0,0
2023-10-31,1698710400,0.03859,0.03859,0,0
2023-11-30,1701302400,0.03982,0.03982,0,0
2023-12-29,1703980800,0.04000,0.04000,0,0
2024-01-31,1706659200,0.03891,0.03891,0,0
2024-02-29,1709164800,0.03999,0.03999,0,0
2024-03-28,1711843200,0.03978,0.03978,0,0
2024-04-30,1714435200,0.04019,0.04019,0,0
2024-05-31,1717113600,0.03996,0.03996,0,0
2024-06-28,1719705600,0.04009,0.04009,0,0
2024-07-31,1722384000,0.04007,0.04007,0,0
2024-08-30,1725062400,0.03997,0.03997,0,0
2024-09-30,1727654400,0.04068,0.04068,0,0
2024-10-31,1730332800,0.04109,0.04109,0,0

Distributions

(As of 31 Oct 2024)

Ex-Date

Payable Date

Total ($)

Income ($)

ST Cap Gains ($)

LT Cap Gains ($)

31 Jan 1996

—

29 Feb 1996

—

31 Mar 1996

—

30 Apr 1996

—

31 May 1996

—

30 Jun 1996

—

31 Jul 1996

0.05353

—

30 Aug 1996

31 Aug 1996

0.05954

—

30 Sep 1996

0.05946

—

31 Oct 1996

0.05969

—

29 Nov 1996

30 Nov 1996

0.05964

—

31 Dec 1996

0.05862

—

31 Jan 1997

0.05892

—

28 Feb 1997

0.05939

—

31 Mar 1997

0.05885

—

30 Apr 1997

0.05892

—

30 May 1997

31 May 1997

0.05837

—

30 Jun 1997

0.05839

—

31 Jul 1997

0.05665

—

29 Aug 1997

31 Aug 1997

0.05682

—

30 Sep 1997

0.05701

—

31 Oct 1997

0.05655

—

28 Nov 1997

30 Nov 1997

0.05653

—

31 Dec 1997

0.05639

—

30 Jan 1998

31 Jan 1998

0.05650

—

27 Feb 1998

28 Feb 1998

0.05684

—

31 Mar 1998

0.05571

—

30 Apr 1998

0.05594

—

29 May 1998

31 May 1998

0.05547

—

30 Jun 1998

0.05532

—

31 Jul 1998

0.05514

—

31 Aug 1998

0.05488

—

30 Sep 1998

0.05533

—

30 Oct 1998

31 Oct 1998

0.05498

—

30 Nov 1998

0.05528

—

31 Dec 1998

0.05528

—

29 Jan 1999

31 Jan 1999

0.05492

—

26 Feb 1999

28 Feb 1999

0.05585

—

31 Mar 1999

0.05485

—

30 Apr 1999

0.05519

—

28 May 1999

31 May 1999

0.05477

—

30 Jun 1999

0.05528

—

30 Jul 1999

31 Jul 1999

0.05513

—

31 Aug 1999

0.05381

—

30 Sep 1999

0.05375

—

29 Oct 1999

31 Oct 1999

0.05385

—

30 Nov 1999

0.05480

—

31 Dec 1999

0.05419

—

31 Jan 2000

0.05421

—

29 Feb 2000

0.05452

—

31 Mar 2000

0.05448

—

28 Apr 2000

30 Apr 2000

0.05496

—

31 May 2000

0.05402

—

30 Jun 2000

0.05391

—

31 Jul 2000

0.05377

—

31 Aug 2000

0.05355

—

29 Sep 2000

30 Sep 2000

0.05480

—

31 Oct 2000

0.05400

—

30 Nov 2000

0.05367

—

29 Dec 2000

31 Dec 2000

0.05370

—

31 Jan 2001

0.05566

—

28 Feb 2001

0.05418

—

30 Mar 2001

31 Mar 2001

0.05343

—

30 Apr 2001

0.05473

—

31 May 2001

0.05494

—

29 Jun 2001

30 Jun 2001

0.05512

—

31 Jul 2001

0.05485

—

31 Aug 2001

0.05443

—

28 Sep 2001

30 Sep 2001

0.05312

—

31 Oct 2001

0.05255

—

30 Nov 2001

0.05216

—

31 Dec 2001

0.05111

—

31 Jan 2002

0.05169

—

28 Feb 2002

0.05109

—

28 Mar 2002

31 Mar 2002

0.05075

—

30 Apr 2002

0.05044

—

31 May 2002

0.05043

—

28 Jun 2002

30 Jun 2002

0.04982

—

31 Jul 2002

0.04899

—

30 Aug 2002

31 Aug 2002

0.04855

—

30 Sep 2002

0.04828

—

31 Oct 2002

0.04844

—

29 Nov 2002

30 Nov 2002

0.04885

—

31 Dec 2002

0.04869

—

31 Jan 2003

0.04834

—

28 Feb 2003

0.04777

—

31 Mar 2003

0.04714

—

30 Apr 2003

0.04694

—

30 May 2003

31 May 2003

0.04709

—

30 Jun 2003

0.04687

—

31 Jul 2003

0.04605

—

29 Aug 2003

31 Aug 2003

0.04823

—

30 Sep 2003

0.04747

—

31 Oct 2003

0.04704

—

28 Nov 2003

30 Nov 2003

0.04680

—

31 Dec 2003

0.04631

—

30 Jan 2004

31 Jan 2004

0.04610

—

27 Feb 2004

29 Feb 2004

0.04610

—

31 Mar 2004

0.04589

—

30 Apr 2004

0.04641

—

28 May 2004

31 May 2004

0.04699

—

30 Jun 2004

0.04749

—

30 Jul 2004

31 Jul 2004

0.04674

—

31 Aug 2004

0.04558

—

30 Sep 2004

0.04508

—

29 Oct 2004

31 Oct 2004

0.04455

—

30 Nov 2004

0.04463

—

31 Dec 2004

0.04386

—

31 Jan 2005

0.04400

—

28 Feb 2005

0.04474

—

31 Mar 2005

0.04427

—

29 Apr 2005

30 Apr 2005

0.04489

—

31 May 2005

0.04459

—

30 Jun 2005

0.04444

—

29 Jul 2005

31 Jul 2005

0.04465

—

31 Aug 2005

0.04495

—

30 Sep 2005

0.04401

—

31 Oct 2005

0.04338

—

30 Nov 2005

0.04371

—

30 Dec 2005

31 Dec 2005

0.04349

—

31 Jan 2006

0.04532

—

28 Feb 2006

0.04324

—

31 Mar 2006

0.04480

—

28 Apr 2006

30 Apr 2006

0.04488

—

31 May 2006

0.04489

—

30 Jun 2006

0.04559

—

31 Jul 2006

0.04550

—

31 Aug 2006

0.04555

—

29 Sep 2006

30 Sep 2006

0.04529

—

31 Oct 2006

0.04526

—

30 Nov 2006

0.04541

—

29 Dec 2006

31 Dec 2006

0.04546

—

31 Jan 2007

0.04494

—

28 Feb 2007

0.04605

—

30 Mar 2007

31 Mar 2007

0.04562

—

30 Apr 2007

0.04589

—

31 May 2007

0.04567

—

29 Jun 2007

30 Jun 2007

0.04493

—

31 Jul 2007

0.04577

—

31 Aug 2007

0.04608

—

28 Sep 2007

30 Sep 2007

0.04623

—

31 Oct 2007

0.04571

—

30 Nov 2007

0.04566

—

31 Dec 2007

0.04548

—

31 Jan 2008

0.04568

—

29 Feb 2008

0.04710

—

31 Mar 2008

0.04711

—

30 Apr 2008

0.04686

—

30 May 2008

31 May 2008

0.04533

—

30 Jun 2008

0.04666

—

31 Jul 2008

0.04664

—

29 Aug 2008

31 Aug 2008

0.04712

—

30 Sep 2008

0.04784

—

31 Oct 2008

0.04766

—

28 Nov 2008

30 Nov 2008

0.04724

—

31 Dec 2008

0.04769

—

30 Jan 2009

31 Jan 2009

0.04814

—

27 Feb 2009

28 Feb 2009

0.04858

—

31 Mar 2009

0.04779

—

30 Apr 2009

0.04801

—

29 May 2009

31 May 2009

0.04802

—

30 Jun 2009

0.04839

—

31 Jul 2009

0.04833

—

31 Aug 2009

0.04798

—

30 Sep 2009

0.04680

—

30 Oct 2009

31 Oct 2009

0.04591

—

30 Nov 2009

0.04740

—

31 Dec 2009

0.04603

—

29 Jan 2010

31 Jan 2010

0.04575

—

26 Feb 2010

28 Feb 2010

0.04549

—

31 Mar 2010

0.04418

—

30 Apr 2010

0.04498

—

28 May 2010

31 May 2010

0.04413

—

30 Jun 2010

0.04406

—

30 Jul 2010

31 Jul 2010

0.04319

—

31 Aug 2010

0.04223

—

30 Sep 2010

0.04040

—

29 Oct 2010

31 Oct 2010

0.04068

—

30 Nov 2010

0.04210

—

31 Dec 2010

0.04304

—

31 Jan 2011

0.04407

—

28 Feb 2011

0.04522

—

31 Mar 2011

0.04461

—

29 Apr 2011

30 Apr 2011

0.04460

—

31 May 2011

0.04377

—

30 Jun 2011

0.04415

—

29 Jul 2011

31 Jul 2011

0.04246

—

31 Aug 2011

0.04202

—

30 Sep 2011

0.04075

—

31 Oct 2011

0.04122

—

30 Nov 2011

0.04076

—

30 Dec 2011

31 Dec 2011

0.04124

—

31 Jan 2012

0.03862

—

29 Feb 2012

0.03708

—

30 Mar 2012

31 Mar 2012

0.03545

—

30 Apr 2012

0.03524

—

31 May 2012

0.03552

—

29 Jun 2012

30 Jun 2012

0.03614

—

31 Jul 2012

0.03571

—

31 Aug 2012

0.03448

—

28 Sep 2012

30 Sep 2012

0.03470

—

31 Oct 2012

0.03367

—

30 Nov 2012

0.03389

—

31 Dec 2012

0.03301

—

31 Jan 2013

0.03295

—

28 Feb 2013

0.03236

—

28 Mar 2013

31 Mar 2013

0.03051

—

30 Apr 2013

0.03054

—

31 May 2013

0.02996

—

28 Jun 2013

30 Jun 2013

0.03046

—

31 Jul 2013

0.03006

—

30 Aug 2013

31 Aug 2013

0.02979

—

30 Sep 2013

0.03082

—

31 Oct 2013

0.03144

—

29 Nov 2013

30 Nov 2013

0.03190

—

31 Dec 2013

0.03230

—

31 Jan 2014

0.03206

—

28 Feb 2014

0.03466

—

31 Mar 2014

0.03281

—

30 Apr 2014

0.03222

—

30 May 2014

31 May 2014

0.03126

—

30 Jun 2014

0.03187

—

31 Jul 2014

0.03122

—

29 Aug 2014

31 Aug 2014

0.03108

—

30 Sep 2014

0.02951

—

31 Oct 2014

0.02953

—

28 Nov 2014

30 Nov 2014

0.02948

—

31 Dec 2014

0.02866

—

30 Jan 2015

31 Jan 2015

0.02816

—

27 Feb 2015

28 Feb 2015

0.02988

—

31 Mar 2015

0.02777

—

30 Apr 2015

0.02803

—

29 May 2015

31 May 2015

0.02747

—

30 Jun 2015

0.02729

—

31 Jul 2015

0.02727

—

31 Aug 2015

0.02734

—

30 Sep 2015

0.02847

—

30 Oct 2015

31 Oct 2015

0.02910

—

30 Nov 2015

0.02946

—

31 Dec 2015

0.02794

—

29 Jan 2016

31 Jan 2016

0.02627

—

29 Feb 2016

0.02698

—

31 Mar 2016

0.02652

—

29 Apr 2016

30 Apr 2016

0.02738

—

31 May 2016

0.02717

—

30 Jun 2016

0.02804

—

29 Jul 2016

31 Jul 2016

0.02717

—

31 Aug 2016

0.02701

—

30 Sep 2016

0.02785

—

31 Oct 2016

0.02720

—

30 Nov 2016

0.02762

—

30 Dec 2016

31 Dec 2016

0.02789

—

31 Jan 2017

0.02795

—

28 Feb 2017

0.02970

—

31 Mar 2017

0.02843

—

28 Apr 2017

30 Apr 2017

0.02967

—

31 May 2017

0.02956

—

30 Jun 2017

0.02996

—

31 Jul 2017

0.02927

—

31 Aug 2017

0.02894

—

29 Sep 2017

30 Sep 2017

0.02914

—

31 Oct 2017

0.02877

—

30 Nov 2017

0.02961

—

29 Dec 2017

31 Dec 2017

0.02949

—

31 Jan 2018

0.02945

—

28 Feb 2018

0.03076

—

29 Mar 2018

31 Mar 2018

0.02918

—

30 Apr 2018

0.03017

—

31 May 2018

0.02945

—

29 Jun 2018

30 Jun 2018

0.03011

—

31 Jul 2018

0.02946

—

31 Aug 2018

0.02984

—

28 Sep 2018

30 Sep 2018

0.02965

—

31 Oct 2018

0.03024

—

30 Nov 2018

0.03046

—

31 Dec 2018

0.03029

—

31 Jan 2019

0.03018

—

28 Feb 2019

0.03204

—

29 Mar 2019

31 Mar 2019

0.03034

—

30 Apr 2019

0.03095

—

31 May 2019

0.03136

—

28 Jun 2019

30 Jun 2019

0.03248

—

31 Jul 2019

0.03288

—

31 Aug 2019

0.03278

—

30 Sep 2019

0.03255

—

31 Oct 2019

0.03141

—

30 Nov 2019

0.03204

—

31 Dec 2019

0.03160

—

31 Jan 2020

0.03151

—

29 Feb 2020

0.03351

—

31 Mar 2020

0.03295

—

30 Apr 2020

0.03334

—

31 May 2020

0.03253

—

30 Jun 2020

0.03216

—

31 Jul 2020

0.03126

—

31 Aug 2020

0.03072

—

30 Sep 2020

0.03103

—

30 Oct 2020

31 Oct 2020

0.03023

—

30 Nov 2020

0.03095

—

31 Dec 2020

0.03020

—

29 Jan 2021

31 Jan 2021

0.03040

—

26 Feb 2021

28 Feb 2021

0.03189

—

31 Mar 2021

0.03001

—

30 Apr 2021

0.03043

—

28 May 2021

31 May 2021

0.02987

—

30 Jun 2021

0.03062

—

30 Jul 2021

31 Jul 2021

0.02951

—

31 Aug 2021

0.02919

—

30 Sep 2021

0.02930

—

29 Oct 2021

31 Oct 2021

0.02838

—

30 Nov 2021

0.02893

—

31 Dec 2021

0.02787

—

31 Jan 2022

0.02744

—

28 Feb 2022

0.02946

—

31 Mar 2022

0.02800

—

29 Apr 2022

30 Apr 2022

0.03100

—

31 May 2022

0.03005

—

30 Jun 2022

0.03080

—

29 Jul 2022

31 Jul 2022

0.03120

—

31 Aug 2022

0.03187

—

30 Sep 2022

0.03231

—

31 Oct 2022

0.03326

—

30 Nov 2022

0.03423

—

30 Dec 2022

31 Dec 2022

0.03485

—

31 Jan 2023

0.03422

—

28 Feb 2023

0.03695

—

31 Mar 2023

0.03494

—

28 Apr 2023

30 Apr 2023

0.03627

—

31 May 2023

0.03684

—

30 Jun 2023

0.03708

—

31 Jul 2023

0.03730

—

31 Aug 2023

0.03734

—

29 Sep 2023

30 Sep 2023

0.03769

—

31 Oct 2023

0.03859

—

30 Nov 2023

0.03982

—

29 Dec 2023

31 Dec 2023

0.04000

—

31 Jan 2024

0.03891

—

29 Feb 2024

0.03999

—

28 Mar 2024

31 Mar 2024

0.03978

—

30 Apr 2024

0.04019

—

31 May 2024

0.03996

—

28 Jun 2024

30 Jun 2024

0.04009

—

31 Jul 2024

0.04007

—

30 Aug 2024

31 Aug 2024

0.03997

—

30 Sep 2024

0.04068

—

31 Oct 2024

0.04109

—

Fund Facts

(As of 31 Oct 2024)

Net Fund Assets

$1.0 B

Benchmark

ICE BofA 3-15 Year U.S. Municipal Securities Index

Morningstar Category

Muni National Intermediate

Fund Symbol

THMIX

Share Class

Share Class Inception Date

5 Jul 1996

Number of Holdings

483

Portfolio Turnover

30%

Distribution Frequency

Monthly

30-Day SEC Yield (Subsidized)

3.32%

30-Day SEC Yield (Unsubsidized)

3.14%

Annualized Distribution Yield

3.62%

Characteristics

Portfolio

(As of 31 Oct 2024)

Portfolio

Benchmark

Effective Duration

5.6 Yrs

5.1 Yrs

Average Effective Maturity

10.3 Yrs

8.1 Yrs

Weighted Average Coupon

4.9%

4.5%

Portfolio

Benchmark

Yield to Worst

3.9%

3.3%

Subject to Alternative Minimum Tax

14.3%

—

Risk & Return Profile

(As of 30 Sep 2024)

10y

Annualized Alpha (%)

0.57

0.41

0.17

Standard Deviation (%)

5.11

4.69

3.76

Sharpe Ratio

-0.55

-0.17

0.12

Up Capture (%)

83.05

87.12

85.09

Down Capture (%)

76.15

81.46

81.93

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 %

Tennessee Energy Acquisition Corp.

88044TAL3

1.3

Kentucky Public Energy Authority

74440DEC4

1.1

Patriots Energy Group Financing Agency

70342PAN4

1.0

Pennsylvania Economic Development Financing Authority

708692BP2

1.0

Kentucky Public Energy Authority

74440DFC3

0.9

Main Street Natural Gas, Inc.

56035DGB2

0.9

Main Street Natural Gas, Inc.

56035DGT3

0.8

Wise County Industrial Development Authority

977228AF2

0.8

Indiana Finance Authority

45470CAG4

0.8

City of Chicago IL

167486ZY8

0.8

Download Holdings

Exposure Breakdown

(As of 31 Oct 2024)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

Gas

13.6

—

Hospital

9.6

6.7

Airport

7.0

3.9

Industrial Development/Pollution Control

6.5

—

Single Family Mortgage

6.4

0.2

Multi Family Mortgage

5.9

2.0

Appropriation

5.8

3.6

Dedicated Tax

5.8

14.7

Local General Obligation

5.3

9.3

State General Obligation

4.9

17.9

Cash & Cash Equivalents

3.4

—

Sector Allocation

Fund (%)

Gas

13.6

Hospital

9.6

Airport

7.0

Industrial Development/Pollution Control

6.5

Single Family Mortgage

6.4

Multi Family Mortgage

5.9

Appropriation

5.8

Dedicated Tax

5.8

Local General Obligation

5.3

State General Obligation

4.9

Cash & Cash Equivalents

3.4

Top 10 U.S. States

Fund (%)

Benchmark (%)

Portfolio

Benchmark

10%

15%

20%

25%

30%

Illinois

12.8

5.4

Texas

12.8

7.0

Pennsylvania

6.5

3.1

New York

5.9

20.3

Georgia

5.4

3.6

California

4.6

19.3

Alabama

4.4

2.8

New Jersey

3.9

4.0

Florida

3.6

2.3

Indiana

3.5

0.6

Cash

3.4

—

Top 10 U.S. States

Fund (%)

Illinois

12.8

Texas

12.8

Pennsylvania

6.5

New York

5.9

Georgia

5.4

California

4.6

Alabama

4.4

New Jersey

3.9

Florida

3.6

Indiana

3.5

Cash

3.4

Credit Quality

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

AAA

11.9

13.5

37.0

56.4

37.4

24.5

BBB

7.8

5.6

Not Rated

2.6

—

Cash & Cash Equivalents

3.4

—

Credit Quality

Fund (%)

AAA

11.9

37.0

37.4

BBB

7.8

Not Rated

2.6

Cash & Cash Equivalents

3.4

Maturity

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

25%

30%

Year 1-2

11.0

—

Year 3-4

6.1

12.0

Year 5-6

7.9

21.5

Year 7-8

15.4

19.7

Year 9-10

5.8

15.9

Year 11-12

6.1

14.0

Year 13-14

7.7

12.0

Year 15-16

8.1

5.0

Year 17+

28.5

—

Cash

3.4

—

Maturity

Fund (%)

Year 1-2

11.0

Year 3-4

6.1

Year 5-6

7.9

Year 7-8

15.4

Year 9-10

5.8

Year 11-12

6.1

Year 13-14

7.7

Year 15-16

8.1

Year 17+

28.5

Cash

3.4

Holdings within the Geography breakdown are classified by country of risk as determined by MSCI and Bloomberg.

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

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).

Neither the payment of, or increase in, dividends is guaranteed.

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.

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.

More Insights

Woman sits at her desk analyzing financial forecasts

Markets & Economy

Strictly Necessary Cookies
Whilst these cookies cannot be turned off (as they are needed to run our website securely), they do not store any personal data about you. If you are reluctant to accept use of them, we advise you navigate away from this website.
Statistics Cookies
These cookies gather information about how you use our website, for example which pages you visit most often. The information collected is completely anonymous and used only for the purpose of improving user experience for our website visitors.
Marketing Cookies
These cookies gather information about your browsing habits and allow us to better understand your interests. They remember that you've visited our website and share this information with our partners, such as advertisers.
Preferences Cookies
These cookies allow our website to remember the choices you make (such as language or location selection) and tailor the experience to provide enhanced features and relevant content for you.

Welcome to Thornburg

Create an account to save this article or product.

Thornburg Intermediate 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

Unsubscribe

Unsaved Changes

Remove strategy

Create an account to save this article or product.

Thornburg Intermediate 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