Thornburg Limited Term Municipal Fund

SYMBOL: LTMCX

Morningstar Rating • Info

Overall Morningstar Rating among 207 Muni National Short funds, based on risk-adjusted returns for class C shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 2 stars, 2 stars and 3 stars among 207, 198 and 146 funds, as of 30 Sep 2024.

As of 30 Sep 2024

Fund Assets

$2.5 B

As of 30 Sep 2024

NAV

$13.55

As of 1 Nov 2024

Change

$0.00

As of 1 Nov 2024

YTD NAV Performance

1.07%

As of 1 Nov 2024

Asset Category:

Municipal Bond

Fund Benchmark:

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

Portfolio Managers

David Ashley, CFA

Portfolio Manager and Managing Director

John Bonnell, CFA

Portfolio Manager and Managing Director

Eve Lando, JD

Portfolio Manager and Managing Director

Overview Performance Fund Facts Characteristics Portfolio Portfolio Managers Literature

Overview

Why Invest in This Fund?

Actively managed diversified portfolio of investment-grade municipal bonds with an average maturity of less than five years and average duration between two and four 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.
High-quality fund that seeks to maximize tax-exempt income while minimizing changes in its share value.

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 intermediate and long-term bond portfolios.

Investment Approach

The fund is an actively managed diversified portfolio of high-quality 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 with Sales Charge (%)

1.59

6.22

0.15

0.63

0.94

2.73

Total Return without Sales Charge (%)

2.09

6.72

0.15

0.63

0.94

2.73

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

2.38

7.43

0.67

1.37

1.82

—

Morningstar Category Avg. (%)

2.75

5.91

1.21

1.35

1.25

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return with Sales Charge (%)

0.57

5.40

-0.10

0.39

0.81

2.69

Total Return without Sales Charge (%)

1.07

5.90

-0.10

0.39

0.81

2.69

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

1.35

6.61

0.39

1.11

1.69

—

Morningstar Category Avg. (%)

2.75

5.91

1.21

1.35

1.25

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return with Sales Charge (%)

1.59

6.22

0.44

3.21

9.78

124.75

Total Return without Sales Charge (%)

2.09

6.72

0.44

3.21

9.78

124.75

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

2.38

7.43

2.02

7.06

19.82

—

YTD

10y

Inception

Total Return with Sales Charge (%)

0.57

5.40

-0.31

1.98

8.41

122.49

Total Return without Sales Charge (%)

1.07

5.90

-0.31

1.98

8.41

122.49

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

1.35

6.61

1.17

5.67

18.25

—

2018

2019

2020

2021

2022

2023

Total Return with Sales Charge (%)

0.07

3.12

2.12

-0.89

-5.80

3.45

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

1.69

5.28

3.81

0.48

-4.61

4.29

Source: Confluence

Periods less than one year are not annualized.

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

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

Morningstar quartile ranking for Muni National Short category is based on total returns before sales charges for 1, 3, 5 and 10 years, among 225, 207, 198 and 146 funds, respectively, as of 30 Sep 2024.

Share class inception dates: A shares, 28 Sep 1984; C shares, 1 Sep 1994; and I shares, 5 Jul 1996.

Fund Fees

(As of 1 Feb 2024)

Gross Expense Ratio (%)

0.98

Net Expense Ratio (%)

0.98

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

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

Distributions

            Categories,Total ($)
            1994-01-31,0
1994-02-28,0
1994-03-31,0
1994-04-30,0
1994-05-31,0
1994-06-30,0
1994-07-31,0
1994-08-31,0
1994-09-30,0.04644
1994-10-31,0.04334
1994-11-30,0.04472
1994-12-31,0.04649
1995-01-31,0.04633
1995-02-28,0.04663
1995-03-31,0.04510
1995-04-30,0.04761
1995-05-31,0.04735
1995-06-30,0.04596
1995-07-31,0.04495
1995-08-31,0.04560
1995-09-30,0.04589
1995-10-31,0.04786
1995-11-30,0.04835
1995-12-31,0.04802
1996-01-31,0.04746
1996-02-29,0.04803
1996-03-31,0.04735
1996-04-30,0.04765
1996-05-31,0.04699
1996-06-30,0.04769
1996-07-31,0.04750
1996-08-31,0.04745
1996-09-30,0.04761
1996-10-31,0.04717
1996-11-30,0.04743
1996-12-31,0.04687
1997-01-31,0.04752
1997-02-28,0.04856
1997-03-31,0.04728
1997-04-30,0.04751
1997-05-31,0.04690
1997-06-30,0.04697
1997-07-31,0.04651
1997-08-31,0.04718
1997-09-30,0.04695
1997-10-31,0.04624
1997-11-30,0.04634
1997-12-31,0.04577
1998-01-31,0.04605
1998-02-28,0.04693
1998-03-31,0.04549
1998-04-30,0.04560
1998-05-31,0.04501
1998-06-30,0.04456
1998-07-31,0.04477
1998-08-31,0.04441
1998-09-30,0.04503
1998-10-31,0.04404
1998-11-30,0.04442
1998-12-31,0.04397
1999-01-31,0.04416
1999-02-28,0.04541
1999-03-31,0.04411
1999-04-30,0.04436
1999-05-31,0.04353
1999-06-30,0.04421
1999-07-31,0.04392
1999-08-31,0.04423
1999-09-30,0.04444
1999-10-31,0.04405
1999-11-30,0.04443
1999-12-31,0.04371
2000-01-31,0.04400
2000-02-29,0.04481
2000-03-31,0.04427
2000-04-30,0.04477
2000-05-31,0.04474
2000-06-30,0.04510
2000-07-31,0.04434
2000-08-31,0.04452
2000-09-30,0.04474
2000-10-31,0.04390
2000-11-30,0.04425
2000-12-31,0.04382
2001-01-31,0.04616
2001-02-28,0.04475
2001-03-31,0.04334
2001-04-30,0.04359
2001-05-31,0.04303
2001-06-30,0.04265
2001-07-31,0.04077
2001-08-31,0.04011
2001-09-30,0.04024
2001-10-31,0.03968
2001-11-30,0.03892
2001-12-31,0.03899
2002-01-31,0.04019
2002-02-28,0.03879
2002-03-31,0.03763
2002-04-30,0.03851
2002-05-31,0.03772
2002-06-30,0.03730
2002-07-31,0.03565
2002-08-31,0.03484
2002-09-30,0.03593
2002-10-31,0.03471
2002-11-30,0.03586
2002-12-31,0.03859
2003-01-31,0.03365
2003-02-28,0.03453
2003-03-31,0.03169
2003-04-30,0.03187
2003-05-31,0.03175
2003-06-30,0.03157
2003-07-31,0.02933
2003-08-31,0.03060
2003-09-30,0.03122
2003-10-31,0.03019
2003-11-30,0.03098
2003-12-31,0.03019
2004-01-31,0.02921
2004-02-29,0.03005
2004-03-31,0.02821
2004-04-30,0.02927
2004-05-31,0.02844
2004-06-30,0.02937
2004-07-31,0.02803
2004-08-31,0.02777
2004-09-30,0.02879
2004-10-31,0.02796
2004-11-30,0.02887
2004-12-31,0.02779
2005-01-31,0.02840
2005-02-28,0.03071
2005-03-31,0.02900
2005-04-30,0.03139
2005-05-31,0.03135
2005-06-30,0.03159
2005-07-31,0.03116
2005-08-31,0.03177
2005-09-30,0.03145
2005-10-31,0.03095
2005-11-30,0.03254
2005-12-31,0.03238
2006-01-31,0.03527
2006-02-28,0.03481
2006-03-31,0.03368
2006-04-30,0.03408
2006-05-31,0.03357
2006-06-30,0.03434
2006-07-31,0.03450
2006-08-31,0.03458
2006-09-30,0.03531
2006-10-31,0.03457
2006-11-30,0.03484
2006-12-31,0.03432
2007-01-31,0.03485
2007-02-28,0.03617
2007-03-31,0.03488
2007-04-30,0.03557
2007-05-31,0.03524
2007-06-30,0.03601
2007-07-31,0.03557
2007-08-31,0.03607
2007-09-30,0.03731
2007-10-31,0.03671
2007-11-30,0.03676
2007-12-31,0.03591
2008-01-31,0.03585
2008-02-29,0.03821
2008-03-31,0.03770
2008-04-30,0.03661
2008-05-31,0.03647
2008-06-30,0.03674
2008-07-31,0.03636
2008-08-31,0.03694
2008-09-30,0.03837
2008-10-31,0.03814
2008-11-30,0.03862
2008-12-31,0.03795
2009-01-31,0.03612
2009-02-28,0.03666
2009-03-31,0.03510
2009-04-30,0.03572
2009-05-31,0.03548
2009-06-30,0.03676
2009-07-31,0.03673
2009-08-31,0.03506
2009-09-30,0.03428
2009-10-31,0.03232
2009-11-30,0.03237
2009-12-31,0.02978
2010-01-31,0.02883
2010-02-28,0.02939
2010-03-31,0.02588
2010-04-30,0.02790
2010-05-31,0.02743
2010-06-30,0.02815
2010-07-31,0.02646
2010-08-31,0.02560
2010-09-30,0.02455
2010-10-31,0.02302
2010-11-30,0.02425
2010-12-31,0.02604
2011-01-31,0.02758
2011-02-28,0.03016
2011-03-31,0.02803
2011-04-30,0.02868
2011-05-31,0.02742
2011-06-30,0.02764
2011-07-31,0.02636
2011-08-31,0.02625
2011-09-30,0.02616
2011-10-31,0.02566
2011-11-30,0.02593
2011-12-31,0.02517
2012-01-31,0.02399
2012-02-29,0.02451
2012-03-31,0.02192
2012-04-30,0.02192
2012-05-31,0.02108
2012-06-30,0.02159
2012-07-31,0.02057
2012-08-31,0.02001
2012-09-30,0.02002
2012-10-31,0.01932
2012-11-30,0.01959
2012-12-31,0.01857
2013-01-31,0.01853
2013-02-28,0.02071
2013-03-31,0.01790
2013-04-30,0.01853
2013-05-31,0.01772
2013-06-30,0.01866
2013-07-31,0.01837
2013-08-31,0.01863
2013-09-30,0.01974
2013-10-31,0.01854
2013-11-30,0.01862
2013-12-31,0.01871
2014-01-31,0.01795
2014-02-28,0.02167
2014-03-31,0.01856
2014-04-30,0.01904
2014-05-31,0.01774
2014-06-30,0.01833
2014-07-31,0.01757
2014-08-31,0.01734
2014-09-30,0.01719
2014-10-31,0.01627
2014-11-30,0.01649
2014-12-31,0.01550
2015-01-31,0.01531
2015-02-28,0.01747
2015-03-31,0.01496
2015-04-30,0.01596
2015-05-31,0.01537
2015-06-30,0.01708
2015-07-31,0.01588
2015-08-31,0.01568
2015-09-30,0.01685
2015-10-31,0.01610
2015-11-30,0.01682
2015-12-31,0.01558
2016-01-31,0.01514
2016-02-29,0.01667
2016-03-31,0.01531
2016-04-30,0.01676
2016-05-31,0.01558
2016-06-30,0.01637
2016-07-31,0.01499
2016-08-31,0.01495
2016-09-30,0.01637
2016-10-31,0.01524
2016-11-30,0.01586
2016-12-31,0.01585
2017-01-31,0.01633
2017-02-28,0.01904
2017-03-31,0.01655
2017-04-30,0.01780
2017-05-31,0.01665
2017-06-30,0.01729
2017-07-31,0.01619
2017-08-31,0.01594
2017-09-30,0.01657
2017-10-31,0.01559
2017-11-30,0.01649
2017-12-31,0.01650
2018-01-31,0.01591
2018-02-28,0.01880
2018-03-31,0.01659
2018-04-30,0.01813
2018-05-31,0.01659
2018-06-30,0.01786
2018-07-31,0.01665
2018-08-31,0.01737
2018-09-30,0.01763
2018-10-31,0.01738
2018-11-30,0.01863
2018-12-31,0.01785
2019-01-31,0.01744
2019-02-28,0.02123
2019-03-31,0.01848
2019-04-30,0.01960
2019-05-31,0.01823
2019-06-30,0.01923
2019-07-31,0.01845
2019-08-31,0.01808
2019-09-30,0.01866
2019-10-31,0.01704
2019-11-30,0.01831
2019-12-31,0.01722
2020-01-31,0.01651
2020-02-29,0.01835
2020-03-31,0.01823
2020-04-30,0.01771
2020-05-31,0.01635
2020-06-30,0.01676
2020-07-31,0.01526
2020-08-31,0.01452
2020-09-30,0.01502
2020-10-31,0.01320
2020-11-30,0.01373
2020-12-31,0.01238
2021-01-31,0.01170
2021-02-28,0.01428
2021-03-31,0.01121
2021-04-30,0.01233
2021-05-31,0.01115
2021-06-30,0.01164
2021-07-31,0.01114
2021-08-31,0.01152
2021-09-30,0.01176
2021-10-31,0.01134
2021-11-30,0.01256
2021-12-31,0.01130
2022-01-31,0.01176
2022-02-28,0.01436
2022-03-31,0.01173
2022-04-30,0.01553
2022-05-31,0.01604
2022-06-30,0.01726
2022-07-31,0.01731
2022-08-31,0.01819
2022-09-30,0.01955
2022-10-31,0.02065
2022-11-30,0.02235
2022-12-31,0.02260
2023-01-31,0.02210
2023-02-28,0.02567
2023-03-31,0.02393
2023-04-30,0.02479
2023-05-31,0.02490
2023-06-30,0.02625
2023-07-31,0.02594
2023-08-31,0.02681
2023-09-30,0.02786
2023-10-31,0.02822
2023-11-30,0.02954
2023-12-31,0.02920
2024-01-31,0.02977
2024-02-29,0.03119
2024-03-31,0.03002
2024-04-30,0.03076
2024-05-31,0.03070
2024-06-30,0.03198
2024-07-31,0.03226
2024-08-31,0.03234
2024-09-30,0.03286
2024-10-31,0.03182

            Ex-Date, Payable Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
1994-01-31,759974400,0,0,0,0
1994-02-28,762393600,0,0,0,0
1994-03-31,765072000,0,0,0,0
1994-04-30,767664000,0,0,0,0
1994-05-31,770342400,0,0,0,0
1994-06-30,772934400,0,0,0,0
1994-07-31,775612800,0,0,0,0
1994-08-31,778291200,0,0,0,0
1994-09-30,780883200,0.04644,0.04644,0,0
1994-10-31,783561600,0.04334,0.04334,0,0
1994-11-30,786153600,0.04472,0.04472,0,0
1994-12-30,788832000,0.04649,0.04649,0,0
1995-01-31,791510400,0.04633,0.04633,0,0
1995-02-28,793929600,0.04663,0.04663,0,0
1995-03-30,796608000,0.04510,0.04510,0,0
1995-04-28,799200000,0.04761,0.04761,0,0
1995-05-31,801878400,0.04735,0.04735,0,0
1995-06-30,804470400,0.04596,0.04596,0,0
1995-07-31,807148800,0.04495,0.04495,0,0
1995-08-31,809827200,0.04560,0.04560,0,0
1995-09-29,812419200,0.04589,0.04589,0,0
1995-10-31,815097600,0.04786,0.04786,0,0
1995-11-30,817689600,0.04835,0.04835,0,0
1995-12-29,820368000,0.04802,0.04802,0,0
1996-01-31,823046400,0.04746,0.04746,0,0
1996-02-29,825552000,0.04803,0.04803,0,0
1996-03-29,828230400,0.04735,0.04735,0,0
1996-04-30,830822400,0.04765,0.04765,0,0
1996-05-31,833500800,0.04699,0.04699,0,0
1996-06-28,836092800,0.04769,0.04769,0,0
1996-07-31,838771200,0.04750,0.04750,0,0
1996-08-30,841449600,0.04745,0.04745,0,0
1996-09-30,844041600,0.04761,0.04761,0,0
1996-10-31,846720000,0.04717,0.04717,0,0
1996-11-29,849312000,0.04743,0.04743,0,0
1996-12-31,851990400,0.04687,0.04687,0,0
1997-01-31,854668800,0.04752,0.04752,0,0
1997-02-28,857088000,0.04856,0.04856,0,0
1997-03-31,859766400,0.04728,0.04728,0,0
1997-04-30,862358400,0.04751,0.04751,0,0
1997-05-30,865036800,0.04690,0.04690,0,0
1997-06-30,867628800,0.04697,0.04697,0,0
1997-07-31,870307200,0.04651,0.04651,0,0
1997-08-29,872985600,0.04718,0.04718,0,0
1997-09-30,875577600,0.04695,0.04695,0,0
1997-10-31,878256000,0.04624,0.04624,0,0
1997-11-28,880848000,0.04634,0.04634,0,0
1997-12-31,883526400,0.04577,0.04577,0,0
1998-01-30,886204800,0.04605,0.04605,0,0
1998-02-27,888624000,0.04693,0.04693,0,0
1998-03-31,891302400,0.04549,0.04549,0,0
1998-04-30,893894400,0.04560,0.04560,0,0
1998-05-29,896572800,0.04501,0.04501,0,0
1998-06-30,899164800,0.04456,0.04456,0,0
1998-07-31,901843200,0.04477,0.04477,0,0
1998-08-31,904521600,0.04441,0.04441,0,0
1998-09-30,907113600,0.04503,0.04503,0,0
1998-10-30,909792000,0.04404,0.04404,0,0
1998-11-30,912384000,0.04442,0.04442,0,0
1998-12-31,915062400,0.04397,0.04397,0,0
1999-01-29,917740800,0.04416,0.04416,0,0
1999-02-26,920160000,0.04541,0.04541,0,0
1999-03-31,922838400,0.04411,0.04411,0,0
1999-04-30,925430400,0.04436,0.04436,0,0
1999-05-28,928108800,0.04353,0.04353,0,0
1999-06-30,930700800,0.04421,0.04421,0,0
1999-07-30,933379200,0.04392,0.04392,0,0
1999-08-31,936057600,0.04423,0.04423,0,0
1999-09-30,938649600,0.04444,0.04444,0,0
1999-10-29,941328000,0.04405,0.04405,0,0
1999-11-30,943920000,0.04443,0.04443,0,0
1999-12-31,946598400,0.04371,0.04371,0,0
2000-01-31,949276800,0.04400,0.04400,0,0
2000-02-29,951782400,0.04481,0.04481,0,0
2000-03-31,954460800,0.04427,0.04427,0,0
2000-04-28,957052800,0.04477,0.04477,0,0
2000-05-31,959731200,0.04474,0.04474,0,0
2000-06-30,962323200,0.04510,0.04510,0,0
2000-07-31,965001600,0.04434,0.04434,0,0
2000-08-31,967680000,0.04452,0.04452,0,0
2000-09-29,970272000,0.04474,0.04474,0,0
2000-10-31,972950400,0.04390,0.04390,0,0
2000-11-30,975542400,0.04425,0.04425,0,0
2000-12-29,978220800,0.04382,0.04382,0,0
2001-01-31,980899200,0.04616,0.04616,0,0
2001-02-28,983318400,0.04475,0.04475,0,0
2001-03-30,985996800,0.04334,0.04334,0,0
2001-04-30,988588800,0.04359,0.04359,0,0
2001-05-31,991267200,0.04303,0.04303,0,0
2001-06-29,993859200,0.04265,0.04265,0,0
2001-07-31,996537600,0.04077,0.04077,0,0
2001-08-31,999216000,0.04011,0.04011,0,0
2001-09-28,1001808000,0.04024,0.04024,0,0
2001-10-31,1004486400,0.03968,0.03968,0,0
2001-11-30,1007078400,0.03892,0.03892,0,0
2001-12-31,1009756800,0.03899,0.03899,0,0
2002-01-31,1012435200,0.04019,0.04019,0,0
2002-02-28,1014854400,0.03879,0.03879,0,0
2002-03-28,1017532800,0.03763,0.03763,0,0
2002-04-30,1020124800,0.03851,0.03851,0,0
2002-05-31,1022803200,0.03772,0.03772,0,0
2002-06-28,1025395200,0.03730,0.03730,0,0
2002-07-31,1028073600,0.03565,0.03565,0,0
2002-08-30,1030752000,0.03484,0.03484,0,0
2002-09-30,1033344000,0.03593,0.03593,0,0
2002-10-31,1036022400,0.03471,0.03471,0,0
2002-11-29,1038614400,0.03586,0.03586,0,0
2002-12-31,1041292800,0.03859,0.03859,0,0
2003-01-31,1043971200,0.03365,0.03365,0,0
2003-02-28,1046390400,0.03453,0.03453,0,0
2003-03-31,1049068800,0.03169,0.03169,0,0
2003-04-30,1051660800,0.03187,0.03187,0,0
2003-05-30,1054339200,0.03175,0.03175,0,0
2003-06-30,1056931200,0.03157,0.03157,0,0
2003-07-31,1059609600,0.02933,0.02933,0,0
2003-08-29,1062288000,0.03060,0.03060,0,0
2003-09-30,1064880000,0.03122,0.03122,0,0
2003-10-31,1067558400,0.03019,0.03019,0,0
2003-11-28,1070150400,0.03098,0.03098,0,0
2003-12-31,1072828800,0.03019,0.03019,0,0
2004-01-30,1075507200,0.02921,0.02921,0,0
2004-02-27,1078012800,0.03005,0.03005,0,0
2004-03-31,1080691200,0.02821,0.02821,0,0
2004-04-30,1083283200,0.02927,0.02927,0,0
2004-05-28,1085961600,0.02844,0.02844,0,0
2004-06-30,1088553600,0.02937,0.02937,0,0
2004-07-30,1091232000,0.02803,0.02803,0,0
2004-08-31,1093910400,0.02777,0.02777,0,0
2004-09-30,1096502400,0.02879,0.02879,0,0
2004-10-29,1099180800,0.02796,0.02796,0,0
2004-11-30,1101772800,0.02887,0.02887,0,0
2004-12-31,1104451200,0.02779,0.02779,0,0
2005-01-31,1107129600,0.02840,0.02840,0,0
2005-02-28,1109548800,0.03071,0.03071,0,0
2005-03-31,1112227200,0.02900,0.02900,0,0
2005-04-29,1114819200,0.03139,0.03139,0,0
2005-05-31,1117497600,0.03135,0.03135,0,0
2005-06-30,1120089600,0.03159,0.03159,0,0
2005-07-29,1122768000,0.03116,0.03116,0,0
2005-08-31,1125446400,0.03177,0.03177,0,0
2005-09-30,1128038400,0.03145,0.03145,0,0
2005-10-31,1130716800,0.03095,0.03095,0,0
2005-11-30,1133308800,0.03254,0.03254,0,0
2005-12-30,1135987200,0.03238,0.03238,0,0
2006-01-31,1138665600,0.03527,0.03527,0,0
2006-02-28,1141084800,0.03481,0.03481,0,0
2006-03-31,1143763200,0.03368,0.03368,0,0
2006-04-28,1146355200,0.03408,0.03408,0,0
2006-05-31,1149033600,0.03357,0.03357,0,0
2006-06-30,1151625600,0.03434,0.03434,0,0
2006-07-31,1154304000,0.03450,0.03450,0,0
2006-08-31,1156982400,0.03458,0.03458,0,0
2006-09-29,1159574400,0.03531,0.03531,0,0
2006-10-31,1162252800,0.03457,0.03457,0,0
2006-11-30,1164844800,0.03484,0.03484,0,0
2006-12-29,1167523200,0.03432,0.03432,0,0
2007-01-31,1170201600,0.03485,0.03485,0,0
2007-02-28,1172620800,0.03617,0.03617,0,0
2007-03-30,1175299200,0.03488,0.03488,0,0
2007-04-30,1177891200,0.03557,0.03557,0,0
2007-05-31,1180569600,0.03524,0.03524,0,0
2007-06-29,1183161600,0.03601,0.03601,0,0
2007-07-31,1185840000,0.03557,0.03557,0,0
2007-08-31,1188518400,0.03607,0.03607,0,0
2007-09-28,1191110400,0.03731,0.03731,0,0
2007-10-31,1193788800,0.03671,0.03671,0,0
2007-11-30,1196380800,0.03676,0.03676,0,0
2007-12-31,1199059200,0.03591,0.03591,0,0
2008-01-31,1201737600,0.03585,0.03585,0,0
2008-02-29,1204243200,0.03821,0.03821,0,0
2008-03-31,1206921600,0.03770,0.03770,0,0
2008-04-30,1209513600,0.03661,0.03661,0,0
2008-05-30,1212192000,0.03647,0.03647,0,0
2008-06-30,1214784000,0.03674,0.03674,0,0
2008-07-31,1217462400,0.03636,0.03636,0,0
2008-08-29,1220140800,0.03694,0.03694,0,0
2008-09-30,1222732800,0.03837,0.03837,0,0
2008-10-31,1225411200,0.03814,0.03814,0,0
2008-11-28,1228003200,0.03862,0.03862,0,0
2008-12-31,1230681600,0.03795,0.03795,0,0
2009-01-30,1233360000,0.03612,0.03612,0,0
2009-02-27,1235779200,0.03666,0.03666,0,0
2009-03-31,1238457600,0.03510,0.03510,0,0
2009-04-30,1241049600,0.03572,0.03572,0,0
2009-05-29,1243728000,0.03548,0.03548,0,0
2009-06-30,1246320000,0.03676,0.03676,0,0
2009-07-31,1248998400,0.03673,0.03673,0,0
2009-08-31,1251676800,0.03506,0.03506,0,0
2009-09-30,1254268800,0.03428,0.03428,0,0
2009-10-30,1256947200,0.03232,0.03232,0,0
2009-11-30,1259539200,0.03237,0.03237,0,0
2009-12-31,1262217600,0.02978,0.02978,0,0
2010-01-29,1264896000,0.02883,0.02883,0,0
2010-02-26,1267315200,0.02939,0.02939,0,0
2010-03-31,1269993600,0.02588,0.02588,0,0
2010-04-30,1272585600,0.02790,0.02790,0,0
2010-05-28,1275264000,0.02743,0.02743,0,0
2010-06-30,1277856000,0.02815,0.02815,0,0
2010-07-30,1280534400,0.02646,0.02646,0,0
2010-08-31,1283212800,0.02560,0.02560,0,0
2010-09-30,1285804800,0.02455,0.02455,0,0
2010-10-29,1288483200,0.02302,0.02302,0,0
2010-11-30,1291075200,0.02425,0.02425,0,0
2010-12-31,1293753600,0.02604,0.02604,0,0
2011-01-31,1296432000,0.02758,0.02758,0,0
2011-02-28,1298851200,0.03016,0.03016,0,0
2011-03-31,1301529600,0.02803,0.02803,0,0
2011-04-29,1304121600,0.02868,0.02868,0,0
2011-05-31,1306800000,0.02742,0.02742,0,0
2011-06-30,1309392000,0.02764,0.02764,0,0
2011-07-29,1312070400,0.02636,0.02636,0,0
2011-08-31,1314748800,0.02625,0.02625,0,0
2011-09-30,1317340800,0.02616,0.02616,0,0
2011-10-31,1320019200,0.02566,0.02566,0,0
2011-11-30,1322611200,0.02593,0.02593,0,0
2011-12-30,1325289600,0.02517,0.02517,0,0
2012-01-31,1327968000,0.02399,0.02399,0,0
2012-02-29,1330473600,0.02451,0.02451,0,0
2012-03-30,1333152000,0.02192,0.02192,0,0
2012-04-30,1335744000,0.02192,0.02192,0,0
2012-05-31,1338422400,0.02108,0.02108,0,0
2012-06-29,1341014400,0.02159,0.02159,0,0
2012-07-31,1343692800,0.02057,0.02057,0,0
2012-08-31,1346371200,0.02001,0.02001,0,0
2012-09-28,1348963200,0.02002,0.02002,0,0
2012-10-31,1351641600,0.01932,0.01932,0,0
2012-11-30,1354233600,0.01959,0.01959,0,0
2012-12-31,1356912000,0.01857,0.01857,0,0
2013-01-31,1359590400,0.01853,0.01853,0,0
2013-02-28,1362009600,0.02071,0.02071,0,0
2013-03-28,1364688000,0.01790,0.01790,0,0
2013-04-30,1367280000,0.01853,0.01853,0,0
2013-05-31,1369958400,0.01772,0.01772,0,0
2013-06-28,1372550400,0.01866,0.01866,0,0
2013-07-31,1375228800,0.01837,0.01837,0,0
2013-08-30,1377907200,0.01863,0.01863,0,0
2013-09-30,1380499200,0.01974,0.01974,0,0
2013-10-31,1383177600,0.01854,0.01854,0,0
2013-11-29,1385769600,0.01862,0.01862,0,0
2013-12-31,1388448000,0.01871,0.01871,0,0
2014-01-31,1391126400,0.01795,0.01795,0,0
2014-02-28,1393545600,0.02167,0.02167,0,0
2014-03-31,1396224000,0.01856,0.01856,0,0
2014-04-30,1398816000,0.01904,0.01904,0,0
2014-05-30,1401494400,0.01774,0.01774,0,0
2014-06-30,1404086400,0.01833,0.01833,0,0
2014-07-31,1406764800,0.01757,0.01757,0,0
2014-08-29,1409443200,0.01734,0.01734,0,0
2014-09-30,1412035200,0.01719,0.01719,0,0
2014-10-31,1414713600,0.01627,0.01627,0,0
2014-11-28,1417305600,0.01649,0.01649,0,0
2014-12-31,1419984000,0.01550,0.01550,0,0
2015-01-30,1422662400,0.01531,0.01531,0,0
2015-02-27,1425081600,0.01747,0.01747,0,0
2015-03-31,1427760000,0.01496,0.01496,0,0
2015-04-30,1430352000,0.01596,0.01596,0,0
2015-05-29,1433030400,0.01537,0.01537,0,0
2015-06-30,1435622400,0.01708,0.01708,0,0
2015-07-31,1438300800,0.01588,0.01588,0,0
2015-08-31,1440979200,0.01568,0.01568,0,0
2015-09-30,1443571200,0.01685,0.01685,0,0
2015-10-30,1446249600,0.01610,0.01610,0,0
2015-11-30,1448841600,0.01682,0.01682,0,0
2015-12-31,1451520000,0.01558,0.01558,0,0
2016-01-29,1454198400,0.01514,0.01514,0,0
2016-02-29,1456704000,0.01667,0.01667,0,0
2016-03-31,1459382400,0.01531,0.01531,0,0
2016-04-29,1461974400,0.01676,0.01676,0,0
2016-05-31,1464652800,0.01558,0.01558,0,0
2016-06-30,1467244800,0.01637,0.01637,0,0
2016-07-29,1469923200,0.01499,0.01499,0,0
2016-08-31,1472601600,0.01495,0.01495,0,0
2016-09-30,1475193600,0.01637,0.01637,0,0
2016-10-31,1477872000,0.01524,0.01524,0,0
2016-11-30,1480464000,0.01586,0.01586,0,0
2016-12-30,1483142400,0.01585,0.01585,0,0
2017-01-31,1485820800,0.01633,0.01633,0,0
2017-02-28,1488240000,0.01904,0.01904,0,0
2017-03-31,1490918400,0.01655,0.01655,0,0
2017-04-28,1493510400,0.01780,0.01780,0,0
2017-05-31,1496188800,0.01665,0.01665,0,0
2017-06-30,1498780800,0.01729,0.01729,0,0
2017-07-31,1501459200,0.01619,0.01619,0,0
2017-08-31,1504137600,0.01594,0.01594,0,0
2017-09-29,1506729600,0.01657,0.01657,0,0
2017-10-31,1509408000,0.01559,0.01559,0,0
2017-11-30,1512000000,0.01649,0.01649,0,0
2017-12-29,1514678400,0.01650,0.01650,0,0
2018-01-31,1517356800,0.01591,0.01591,0,0
2018-02-28,1519776000,0.01880,0.01880,0,0
2018-03-29,1522454400,0.01659,0.01659,0,0
2018-04-30,1525046400,0.01813,0.01813,0,0
2018-05-31,1527724800,0.01659,0.01659,0,0
2018-06-29,1530316800,0.01786,0.01786,0,0
2018-07-31,1532995200,0.01665,0.01665,0,0
2018-08-31,1535673600,0.01737,0.01737,0,0
2018-09-28,1538265600,0.01763,0.01763,0,0
2018-10-31,1540944000,0.01738,0.01738,0,0
2018-11-30,1543536000,0.01863,0.01863,0,0
2018-12-31,1546214400,0.01785,0.01785,0,0
2019-01-31,1548892800,0.01744,0.01744,0,0
2019-02-28,1551312000,0.02123,0.02123,0,0
2019-03-29,1553990400,0.01848,0.01848,0,0
2019-04-30,1556582400,0.01960,0.01960,0,0
2019-05-31,1559260800,0.01823,0.01823,0,0
2019-06-28,1561852800,0.01923,0.01923,0,0
2019-07-31,1564531200,0.01845,0.01845,0,0
2019-08-31,1567209600,0.01808,0.01808,0,0
2019-09-30,1569801600,0.01866,0.01866,0,0
2019-10-31,1572480000,0.01704,0.01704,0,0
2019-11-30,1575072000,0.01831,0.01831,0,0
2019-12-31,1577750400,0.01722,0.01722,0,0
2020-01-31,1580428800,0.01651,0.01651,0,0
2020-02-29,1582934400,0.01835,0.01835,0,0
2020-03-31,1585612800,0.01823,0.01823,0,0
2020-04-30,1588204800,0.01771,0.01771,0,0
2020-05-31,1590883200,0.01635,0.01635,0,0
2020-06-30,1593475200,0.01676,0.01676,0,0
2020-07-31,1596153600,0.01526,0.01526,0,0
2020-08-31,1598832000,0.01452,0.01452,0,0
2020-09-30,1601424000,0.01502,0.01502,0,0
2020-10-30,1604102400,0.01320,0.01320,0,0
2020-11-30,1606694400,0.01373,0.01373,0,0
2020-12-31,1609372800,0.01238,0.01238,0,0
2021-01-29,1612051200,0.01170,0.01170,0,0
2021-02-26,1614470400,0.01428,0.01428,0,0
2021-03-31,1617148800,0.01121,0.01121,0,0
2021-04-30,1619740800,0.01233,0.01233,0,0
2021-05-28,1622419200,0.01115,0.01115,0,0
2021-06-30,1625011200,0.01164,0.01164,0,0
2021-07-30,1627689600,0.01114,0.01114,0,0
2021-08-31,1630368000,0.01152,0.01152,0,0
2021-09-30,1632960000,0.01176,0.01176,0,0
2021-10-29,1635638400,0.01134,0.01134,0,0
2021-11-30,1638230400,0.01256,0.01256,0,0
2021-12-31,1640908800,0.01130,0.01130,0,0
2022-01-31,1643587200,0.01176,0.01176,0,0
2022-02-28,1646006400,0.01436,0.01436,0,0
2022-03-31,1648684800,0.01173,0.01173,0,0
2022-04-29,1651276800,0.01553,0.01553,0,0
2022-05-31,1653955200,0.01604,0.01604,0,0
2022-06-30,1656547200,0.01726,0.01726,0,0
2022-07-29,1659225600,0.01731,0.01731,0,0
2022-08-31,1661904000,0.01819,0.01819,0,0
2022-09-30,1664496000,0.01955,0.01955,0,0
2022-10-31,1667174400,0.02065,0.02065,0,0
2022-11-30,1669766400,0.02235,0.02235,0,0
2022-12-30,1672444800,0.02260,0.02260,0,0
2023-01-31,1675123200,0.02210,0.02210,0,0
2023-02-28,1677542400,0.02567,0.02567,0,0
2023-03-31,1680220800,0.02393,0.02393,0,0
2023-04-28,1682812800,0.02479,0.02479,0,0
2023-05-31,1685491200,0.02490,0.02490,0,0
2023-06-30,1688083200,0.02625,0.02625,0,0
2023-07-31,1690761600,0.02594,0.02594,0,0
2023-08-31,1693440000,0.02681,0.02681,0,0
2023-09-29,1696032000,0.02786,0.02786,0,0
2023-10-31,1698710400,0.02822,0.02822,0,0
2023-11-30,1701302400,0.02954,0.02954,0,0
2023-12-29,1703980800,0.02920,0.02920,0,0
2024-01-31,1706659200,0.02977,0.02977,0,0
2024-02-29,1709164800,0.03119,0.03119,0,0
2024-03-28,1711843200,0.03002,0.03002,0,0
2024-04-30,1714435200,0.03076,0.03076,0,0
2024-05-31,1717113600,0.03070,0.03070,0,0
2024-06-28,1719705600,0.03198,0.03198,0,0
2024-07-31,1722384000,0.03226,0.03226,0,0
2024-08-30,1725062400,0.03234,0.03234,0,0
2024-09-30,1727654400,0.03286,0.03286,0,0
2024-10-31,1730332800,0.03182,0.03182,0,0

Distributions

(As of 31 Oct 2024)

Ex-Date

Payable Date

Total ($)

Income ($)

ST Cap Gains ($)

LT Cap Gains ($)

31 Jan 1994

—

28 Feb 1994

—

31 Mar 1994

—

30 Apr 1994

—

31 May 1994

—

30 Jun 1994

—

31 Jul 1994

—

31 Aug 1994

—

30 Sep 1994

0.04644

—

31 Oct 1994

0.04334

—

30 Nov 1994

0.04472

—

30 Dec 1994

31 Dec 1994

0.04649

—

31 Jan 1995

0.04633

—

28 Feb 1995

0.04663

—

30 Mar 1995

31 Mar 1995

0.04510

—

28 Apr 1995

30 Apr 1995

0.04761

—

31 May 1995

0.04735

—

30 Jun 1995

0.04596

—

31 Jul 1995

0.04495

—

31 Aug 1995

0.04560

—

29 Sep 1995

30 Sep 1995

0.04589

—

31 Oct 1995

0.04786

—

30 Nov 1995

0.04835

—

29 Dec 1995

31 Dec 1995

0.04802

—

31 Jan 1996

0.04746

—

29 Feb 1996

0.04803

—

29 Mar 1996

31 Mar 1996

0.04735

—

30 Apr 1996

0.04765

—

31 May 1996

0.04699

—

28 Jun 1996

30 Jun 1996

0.04769

—

31 Jul 1996

0.04750

—

30 Aug 1996

31 Aug 1996

0.04745

—

30 Sep 1996

0.04761

—

31 Oct 1996

0.04717

—

29 Nov 1996

30 Nov 1996

0.04743

—

31 Dec 1996

0.04687

—

31 Jan 1997

0.04752

—

28 Feb 1997

0.04856

—

31 Mar 1997

0.04728

—

30 Apr 1997

0.04751

—

30 May 1997

31 May 1997

0.04690

—

30 Jun 1997

0.04697

—

31 Jul 1997

0.04651

—

29 Aug 1997

31 Aug 1997

0.04718

—

30 Sep 1997

0.04695

—

31 Oct 1997

0.04624

—

28 Nov 1997

30 Nov 1997

0.04634

—

31 Dec 1997

0.04577

—

30 Jan 1998

31 Jan 1998

0.04605

—

27 Feb 1998

28 Feb 1998

0.04693

—

31 Mar 1998

0.04549

—

30 Apr 1998

0.04560

—

29 May 1998

31 May 1998

0.04501

—

30 Jun 1998

0.04456

—

31 Jul 1998

0.04477

—

31 Aug 1998

0.04441

—

30 Sep 1998

0.04503

—

30 Oct 1998

31 Oct 1998

0.04404

—

30 Nov 1998

0.04442

—

31 Dec 1998

0.04397

—

29 Jan 1999

31 Jan 1999

0.04416

—

26 Feb 1999

28 Feb 1999

0.04541

—

31 Mar 1999

0.04411

—

30 Apr 1999

0.04436

—

28 May 1999

31 May 1999

0.04353

—

30 Jun 1999

0.04421

—

30 Jul 1999

31 Jul 1999

0.04392

—

31 Aug 1999

0.04423

—

30 Sep 1999

0.04444

—

29 Oct 1999

31 Oct 1999

0.04405

—

30 Nov 1999

0.04443

—

31 Dec 1999

0.04371

—

31 Jan 2000

0.04400

—

29 Feb 2000

0.04481

—

31 Mar 2000

0.04427

—

28 Apr 2000

30 Apr 2000

0.04477

—

31 May 2000

0.04474

—

30 Jun 2000

0.04510

—

31 Jul 2000

0.04434

—

31 Aug 2000

0.04452

—

29 Sep 2000

30 Sep 2000

0.04474

—

31 Oct 2000

0.04390

—

30 Nov 2000

0.04425

—

29 Dec 2000

31 Dec 2000

0.04382

—

31 Jan 2001

0.04616

—

28 Feb 2001

0.04475

—

30 Mar 2001

31 Mar 2001

0.04334

—

30 Apr 2001

0.04359

—

31 May 2001

0.04303

—

29 Jun 2001

30 Jun 2001

0.04265

—

31 Jul 2001

0.04077

—

31 Aug 2001

0.04011

—

28 Sep 2001

30 Sep 2001

0.04024

—

31 Oct 2001

0.03968

—

30 Nov 2001

0.03892

—

31 Dec 2001

0.03899

—

31 Jan 2002

0.04019

—

28 Feb 2002

0.03879

—

28 Mar 2002

31 Mar 2002

0.03763

—

30 Apr 2002

0.03851

—

31 May 2002

0.03772

—

28 Jun 2002

30 Jun 2002

0.03730

—

31 Jul 2002

0.03565

—

30 Aug 2002

31 Aug 2002

0.03484

—

30 Sep 2002

0.03593

—

31 Oct 2002

0.03471

—

29 Nov 2002

30 Nov 2002

0.03586

—

31 Dec 2002

0.03859

—

31 Jan 2003

0.03365

—

28 Feb 2003

0.03453

—

31 Mar 2003

0.03169

—

30 Apr 2003

0.03187

—

30 May 2003

31 May 2003

0.03175

—

30 Jun 2003

0.03157

—

31 Jul 2003

0.02933

—

29 Aug 2003

31 Aug 2003

0.03060

—

30 Sep 2003

0.03122

—

31 Oct 2003

0.03019

—

28 Nov 2003

30 Nov 2003

0.03098

—

31 Dec 2003

0.03019

—

30 Jan 2004

31 Jan 2004

0.02921

—

27 Feb 2004

29 Feb 2004

0.03005

—

31 Mar 2004

0.02821

—

30 Apr 2004

0.02927

—

28 May 2004

31 May 2004

0.02844

—

30 Jun 2004

0.02937

—

30 Jul 2004

31 Jul 2004

0.02803

—

31 Aug 2004

0.02777

—

30 Sep 2004

0.02879

—

29 Oct 2004

31 Oct 2004

0.02796

—

30 Nov 2004

0.02887

—

31 Dec 2004

0.02779

—

31 Jan 2005

0.02840

—

28 Feb 2005

0.03071

—

31 Mar 2005

0.02900

—

29 Apr 2005

30 Apr 2005

0.03139

—

31 May 2005

0.03135

—

30 Jun 2005

0.03159

—

29 Jul 2005

31 Jul 2005

0.03116

—

31 Aug 2005

0.03177

—

30 Sep 2005

0.03145

—

31 Oct 2005

0.03095

—

30 Nov 2005

0.03254

—

30 Dec 2005

31 Dec 2005

0.03238

—

31 Jan 2006

0.03527

—

28 Feb 2006

0.03481

—

31 Mar 2006

0.03368

—

28 Apr 2006

30 Apr 2006

0.03408

—

31 May 2006

0.03357

—

30 Jun 2006

0.03434

—

31 Jul 2006

0.03450

—

31 Aug 2006

0.03458

—

29 Sep 2006

30 Sep 2006

0.03531

—

31 Oct 2006

0.03457

—

30 Nov 2006

0.03484

—

29 Dec 2006

31 Dec 2006

0.03432

—

31 Jan 2007

0.03485

—

28 Feb 2007

0.03617

—

30 Mar 2007

31 Mar 2007

0.03488

—

30 Apr 2007

0.03557

—

31 May 2007

0.03524

—

29 Jun 2007

30 Jun 2007

0.03601

—

31 Jul 2007

0.03557

—

31 Aug 2007

0.03607

—

28 Sep 2007

30 Sep 2007

0.03731

—

31 Oct 2007

0.03671

—

30 Nov 2007

0.03676

—

31 Dec 2007

0.03591

—

31 Jan 2008

0.03585

—

29 Feb 2008

0.03821

—

31 Mar 2008

0.03770

—

30 Apr 2008

0.03661

—

30 May 2008

31 May 2008

0.03647

—

30 Jun 2008

0.03674

—

31 Jul 2008

0.03636

—

29 Aug 2008

31 Aug 2008

0.03694

—

30 Sep 2008

0.03837

—

31 Oct 2008

0.03814

—

28 Nov 2008

30 Nov 2008

0.03862

—

31 Dec 2008

0.03795

—

30 Jan 2009

31 Jan 2009

0.03612

—

27 Feb 2009

28 Feb 2009

0.03666

—

31 Mar 2009

0.03510

—

30 Apr 2009

0.03572

—

29 May 2009

31 May 2009

0.03548

—

30 Jun 2009

0.03676

—

31 Jul 2009

0.03673

—

31 Aug 2009

0.03506

—

30 Sep 2009

0.03428

—

30 Oct 2009

31 Oct 2009

0.03232

—

30 Nov 2009

0.03237

—

31 Dec 2009

0.02978

—

29 Jan 2010

31 Jan 2010

0.02883

—

26 Feb 2010

28 Feb 2010

0.02939

—

31 Mar 2010

0.02588

—

30 Apr 2010

0.02790

—

28 May 2010

31 May 2010

0.02743

—

30 Jun 2010

0.02815

—

30 Jul 2010

31 Jul 2010

0.02646

—

31 Aug 2010

0.02560

—

30 Sep 2010

0.02455

—

29 Oct 2010

31 Oct 2010

0.02302

—

30 Nov 2010

0.02425

—

31 Dec 2010

0.02604

—

31 Jan 2011

0.02758

—

28 Feb 2011

0.03016

—

31 Mar 2011

0.02803

—

29 Apr 2011

30 Apr 2011

0.02868

—

31 May 2011

0.02742

—

30 Jun 2011

0.02764

—

29 Jul 2011

31 Jul 2011

0.02636

—

31 Aug 2011

0.02625

—

30 Sep 2011

0.02616

—

31 Oct 2011

0.02566

—

30 Nov 2011

0.02593

—

30 Dec 2011

31 Dec 2011

0.02517

—

31 Jan 2012

0.02399

—

29 Feb 2012

0.02451

—

30 Mar 2012

31 Mar 2012

0.02192

—

30 Apr 2012

0.02192

—

31 May 2012

0.02108

—

29 Jun 2012

30 Jun 2012

0.02159

—

31 Jul 2012

0.02057

—

31 Aug 2012

0.02001

—

28 Sep 2012

30 Sep 2012

0.02002

—

31 Oct 2012

0.01932

—

30 Nov 2012

0.01959

—

31 Dec 2012

0.01857

—

31 Jan 2013

0.01853

—

28 Feb 2013

0.02071

—

28 Mar 2013

31 Mar 2013

0.01790

—

30 Apr 2013

0.01853

—

31 May 2013

0.01772

—

28 Jun 2013

30 Jun 2013

0.01866

—

31 Jul 2013

0.01837

—

30 Aug 2013

31 Aug 2013

0.01863

—

30 Sep 2013

0.01974

—

31 Oct 2013

0.01854

—

29 Nov 2013

30 Nov 2013

0.01862

—

31 Dec 2013

0.01871

—

31 Jan 2014

0.01795

—

28 Feb 2014

0.02167

—

31 Mar 2014

0.01856

—

30 Apr 2014

0.01904

—

30 May 2014

31 May 2014

0.01774

—

30 Jun 2014

0.01833

—

31 Jul 2014

0.01757

—

29 Aug 2014

31 Aug 2014

0.01734

—

30 Sep 2014

0.01719

—

31 Oct 2014

0.01627

—

28 Nov 2014

30 Nov 2014

0.01649

—

31 Dec 2014

0.01550

—

30 Jan 2015

31 Jan 2015

0.01531

—

27 Feb 2015

28 Feb 2015

0.01747

—

31 Mar 2015

0.01496

—

30 Apr 2015

0.01596

—

29 May 2015

31 May 2015

0.01537

—

30 Jun 2015

0.01708

—

31 Jul 2015

0.01588

—

31 Aug 2015

0.01568

—

30 Sep 2015

0.01685

—

30 Oct 2015

31 Oct 2015

0.01610

—

30 Nov 2015

0.01682

—

31 Dec 2015

0.01558

—

29 Jan 2016

31 Jan 2016

0.01514

—

29 Feb 2016

0.01667

—

31 Mar 2016

0.01531

—

29 Apr 2016

30 Apr 2016

0.01676

—

31 May 2016

0.01558

—

30 Jun 2016

0.01637

—

29 Jul 2016

31 Jul 2016

0.01499

—

31 Aug 2016

0.01495

—

30 Sep 2016

0.01637

—

31 Oct 2016

0.01524

—

30 Nov 2016

0.01586

—

30 Dec 2016

31 Dec 2016

0.01585

—

31 Jan 2017

0.01633

—

28 Feb 2017

0.01904

—

31 Mar 2017

0.01655

—

28 Apr 2017

30 Apr 2017

0.01780

—

31 May 2017

0.01665

—

30 Jun 2017

0.01729

—

31 Jul 2017

0.01619

—

31 Aug 2017

0.01594

—

29 Sep 2017

30 Sep 2017

0.01657

—

31 Oct 2017

0.01559

—

30 Nov 2017

0.01649

—

29 Dec 2017

31 Dec 2017

0.01650

—

31 Jan 2018

0.01591

—

28 Feb 2018

0.01880

—

29 Mar 2018

31 Mar 2018

0.01659

—

30 Apr 2018

0.01813

—

31 May 2018

0.01659

—

29 Jun 2018

30 Jun 2018

0.01786

—

31 Jul 2018

0.01665

—

31 Aug 2018

0.01737

—

28 Sep 2018

30 Sep 2018

0.01763

—

31 Oct 2018

0.01738

—

30 Nov 2018

0.01863

—

31 Dec 2018

0.01785

—

31 Jan 2019

0.01744

—

28 Feb 2019

0.02123

—

29 Mar 2019

31 Mar 2019

0.01848

—

30 Apr 2019

0.01960

—

31 May 2019

0.01823

—

28 Jun 2019

30 Jun 2019

0.01923

—

31 Jul 2019

0.01845

—

31 Aug 2019

0.01808

—

30 Sep 2019

0.01866

—

31 Oct 2019

0.01704

—

30 Nov 2019

0.01831

—

31 Dec 2019

0.01722

—

31 Jan 2020

0.01651

—

29 Feb 2020

0.01835

—

31 Mar 2020

0.01823

—

30 Apr 2020

0.01771

—

31 May 2020

0.01635

—

30 Jun 2020

0.01676

—

31 Jul 2020

0.01526

—

31 Aug 2020

0.01452

—

30 Sep 2020

0.01502

—

30 Oct 2020

31 Oct 2020

0.01320

—

30 Nov 2020

0.01373

—

31 Dec 2020

0.01238

—

29 Jan 2021

31 Jan 2021

0.01170

—

26 Feb 2021

28 Feb 2021

0.01428

—

31 Mar 2021

0.01121

—

30 Apr 2021

0.01233

—

28 May 2021

31 May 2021

0.01115

—

30 Jun 2021

0.01164

—

30 Jul 2021

31 Jul 2021

0.01114

—

31 Aug 2021

0.01152

—

30 Sep 2021

0.01176

—

29 Oct 2021

31 Oct 2021

0.01134

—

30 Nov 2021

0.01256

—

31 Dec 2021

0.01130

—

31 Jan 2022

0.01176

—

28 Feb 2022

0.01436

—

31 Mar 2022

0.01173

—

29 Apr 2022

30 Apr 2022

0.01553

—

31 May 2022

0.01604

—

30 Jun 2022

0.01726

—

29 Jul 2022

31 Jul 2022

0.01731

—

31 Aug 2022

0.01819

—

30 Sep 2022

0.01955

—

31 Oct 2022

0.02065

—

30 Nov 2022

0.02235

—

30 Dec 2022

31 Dec 2022

0.02260

—

31 Jan 2023

0.02210

—

28 Feb 2023

0.02567

—

31 Mar 2023

0.02393

—

28 Apr 2023

30 Apr 2023

0.02479

—

31 May 2023

0.02490

—

30 Jun 2023

0.02625

—

31 Jul 2023

0.02594

—

31 Aug 2023

0.02681

—

29 Sep 2023

30 Sep 2023

0.02786

—

31 Oct 2023

0.02822

—

30 Nov 2023

0.02954

—

29 Dec 2023

31 Dec 2023

0.02920

—

31 Jan 2024

0.02977

—

29 Feb 2024

0.03119

—

28 Mar 2024

31 Mar 2024

0.03002

—

30 Apr 2024

0.03076

—

31 May 2024

0.03070

—

28 Jun 2024

30 Jun 2024

0.03198

—

31 Jul 2024

0.03226

—

30 Aug 2024

31 Aug 2024

0.03234

—

30 Sep 2024

0.03286

—

31 Oct 2024

0.03182

—

Fund Facts

(As of 30 Sep 2024)

Net Fund Assets

$2.5 B

Benchmark

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

Morningstar Category

Muni National Short

Fund Symbol

LTMCX

Share Class

Share Class Inception Date

1 Sep 1994

Number of Holdings

802

Portfolio Turnover

37%

Distribution Frequency

Monthly

30-Day SEC Yield (Subsidized)

2.19%

30-Day SEC Yield (Unsubsidized)

2.19%

Annualized Distribution Yield

2.87%

Characteristics

Portfolio

(As of 30 Sep 2024)

Portfolio

Benchmark

Effective Duration

3.3 Yrs

3.6 Yrs

Average Effective Maturity

4.8 Yrs

5.0 Yrs

Weighted Average Coupon

4.7%

4.6%

Portfolio

Benchmark

Yield to Worst

3.1%

2.8%

Subject to Alternative Minimum Tax

3.2%

—

Risk & Return Profile

(As of 30 Sep 2024)

10y

Annualized Alpha (%)

0.04

-0.05

-0.13

Standard Deviation (%)

4.13

3.50

2.80

Sharpe Ratio

-0.73

-0.36

-0.08

Up Capture (%)

88.27

84.65

84.12

Down Capture (%)

87.60

85.49

86.75

Past performance does not guarantee future results.

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

Portfolio

Top Holdings

(As of 31 Aug 2024)

Name

Ticker/Symbol

Sector

Weight %

PEFA, Inc.

70556CAB0

Gas

2.2

Main Street Natural Gas, Inc.

56035DFT4

Gas

2.0

Texas Municipal Gas Acquisition & Supply Corp. III

88256HBG2

Gas

1.7

Tennessee Energy Acquisition Corp.

88044TAL3

Gas

1.5

New Jersey Transportation Trust Fund Authority

6461362B6

Other Transportation

1.3

Main Street Natural Gas, Inc.

56035DDX7

Gas

1.2

Main Street Natural Gas, Inc.

56035DFC1

Gas

1.1

State of Illinois

452152Q20

State General Obligation

1.1

Main Street Natural Gas, Inc.

56035DGB2

Gas

1.1

Texas Municipal Gas Acquisition & Supply Corp. III

88256HBF4

Gas

1.0

Download Holdings

Portfolio holdings are subject to change daily.

Exposure Breakdown

(As of 30 Sep 2024)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

Gas

17.6

—

Hospital

11.8

5.7

Industrial Development/Pollution Control

7.0

—

State General Obligation

6.7

18.2

Dedicated Tax

6.5

11.5

School District App

6.0

—

Multi Family Mortgage

5.9

2.6

School District General Obligation

5.4

—

Other Transportation

4.3

5.6

Local General Obligation

4.2

10.5

Cash & Cash Equivalents

2.3

—

Sector Allocation

Fund (%)

Gas

17.6

Hospital

11.8

Industrial Development/Pollution Control

7.0

State General Obligation

6.7

Dedicated Tax

6.5

School District App

6.0

Multi Family Mortgage

5.9

School District General Obligation

5.4

Other Transportation

4.3

Local General Obligation

4.2

Cash & Cash Equivalents

2.3

Top 10 U.S. States

Fund (%)

Benchmark (%)

Portfolio

Benchmark

10%

15%

20%

Texas

14.7

7.5

Illinois

9.6

5.1

Georgia

7.4

4.0

New York

6.2

16.8

Pennsylvania

5.2

3.1

New Jersey

4.6

4.1

Florida

4.3

2.2

Alabama

3.9

3.7

Oklahoma

3.6

0.4

California

3.5

18.7

Cash

2.3

—

Top 10 U.S. States

Fund (%)

Texas

14.7

Illinois

9.6

Georgia

7.4

New York

6.2

Pennsylvania

5.2

New Jersey

4.6

Florida

4.3

Alabama

3.9

Oklahoma

3.6

California

3.5

Cash

2.3

Credit Quality

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

AAA

12.9

14.1

36.0

56.1

42.6

25.4

BBB

4.7

4.4

Not Rated

1.4

—

Cash & Cash Equivalents

2.3

—

Credit Quality

Fund (%)

AAA

12.9

36.0

42.6

BBB

4.7

Not Rated

1.4

Cash & Cash Equivalents

2.3

Maturity

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

Year 1

10.9

1.0

Year 2

7.8

14.0

Year 3

13.2

13.0

Year 4

7.8

12.0

Year 5

6.4

11.0

Year 6

10.4

11.5

Year 7

12.8

10.4

Year 8

14.6

10.7

Year 9

7.0

8.9

Year 10+

6.9

7.6

Cash

2.3

—

Maturity

Fund (%)

Year 1

10.9

Year 2

7.8

Year 3

13.2

Year 4

7.8

Year 5

6.4

Year 6

10.4

Year 7

12.8

Year 8

14.6

Year 9

7.0

Year 10+

6.9

Cash

2.3

Holdings with 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…

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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…

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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…

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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).

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 Municipal Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

David Ashley, CFA

John Bonnell, CFA

Eve Lando, JD

Literature

Important Information

More Insights

The Power of “May I Ask You…?”

Family Legacy Planning: Passing on More Than Just Wealth

The World’s Best Investment Advice

Transform Customers into Life-Long, Referral-Generating Clients

The ABCs of Personal Finance

Cut to the Chase: Seizing Fixed Income Opportunities

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Create an account to save this article or product.

Thornburg Limited Term Municipal Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

David Ashley, CFA

John Bonnell, CFA

Eve Lando, JD

Literature

Important Information

More Insights

The Power of “May I Ask You…?”

Family Legacy Planning: Passing on More Than Just Wealth

The World’s Best Investment Advice

Transform Customers into Life-Long, Referral-Generating Clients

The ABCs of Personal Finance

Cut to the Chase: Seizing Fixed Income Opportunities