Thornburg Limited Term Municipal Fund

SYMBOL: LTMIX

Morningstar Rating • Info

Overall Morningstar Rating among 207 Muni National Short funds, based on risk-adjusted returns for class I shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 3 stars, 3 stars and 4 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

$13.52

As of 1 Nov 2024

Change

$0.00

As of 1 Nov 2024

YTD NAV Performance

1.45%

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 (%)

2.43

7.22

0.62

1.12

1.45

3.26

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 (%)

1.44

6.39

0.39

0.88

1.32

3.21

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 (%)

2.43

7.22

1.86

5.71

15.46

147.11

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 (%)

1.44

6.39

1.17

4.45

14.01

144.72

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 (%)

1.14

4.06

3.20

0.04

-4.83

4.46

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 (%)

0.51

Net Expense Ratio (%)

0.51

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 ($)
            1996-01-31,0
1996-02-29,0
1996-03-31,0
1996-04-30,0
1996-05-31,0
1996-06-30,0
1996-07-31,0.04847
1996-08-31,0.05626
1996-09-30,0.05610
1996-10-31,0.05598
1996-11-30,0.05600
1996-12-31,0.05572
1997-01-31,0.05634
1997-02-28,0.05656
1997-03-31,0.05610
1997-04-30,0.05599
1997-05-31,0.05568
1997-06-30,0.05552
1997-07-31,0.05538
1997-08-31,0.05605
1997-09-30,0.05553
1997-10-31,0.05512
1997-11-30,0.05492
1997-12-31,0.05467
1998-01-31,0.05498
1998-02-28,0.05497
1998-03-31,0.05437
1998-04-30,0.05418
1998-05-31,0.05386
1998-06-30,0.05315
1998-07-31,0.05364
1998-08-31,0.05329
1998-09-30,0.05367
1998-10-31,0.05301
1998-11-30,0.05306
1998-12-31,0.05291
1999-01-31,0.05310
1999-02-28,0.05348
1999-03-31,0.05301
1999-04-30,0.05296
1999-05-31,0.05238
1999-06-30,0.05268
1999-07-31,0.05263
1999-08-31,0.05289
1999-09-30,0.05280
1999-10-31,0.05267
1999-11-30,0.05275
1999-12-31,0.05228
2000-01-31,0.05258
2000-02-29,0.05275
2000-03-31,0.05281
2000-04-30,0.05303
2000-05-31,0.05318
2000-06-30,0.05333
2000-07-31,0.05296
2000-08-31,0.05319
2000-09-30,0.05314
2000-10-31,0.05258
2000-11-30,0.05257
2000-12-31,0.05252
2001-01-31,0.05498
2001-02-28,0.05273
2001-03-31,0.05221
2001-04-30,0.05217
2001-05-31,0.05184
2001-06-30,0.05123
2001-07-31,0.04975
2001-08-31,0.04910
2001-09-30,0.04894
2001-10-31,0.04874
2001-11-30,0.04773
2001-12-31,0.04721
2002-01-31,0.04829
2002-02-28,0.04607
2002-03-31,0.04563
2002-04-30,0.04626
2002-05-31,0.04582
2002-06-30,0.04516
2002-07-31,0.04381
2002-08-31,0.04288
2002-09-30,0.04289
2002-10-31,0.04195
2002-11-30,0.04299
2002-12-31,0.04210
2003-01-31,0.04108
2003-02-28,0.04115
2003-03-31,0.03916
2003-04-30,0.03901
2003-05-31,0.03898
2003-06-30,0.03868
2003-07-31,0.03648
2003-08-31,0.03773
2003-09-30,0.03812
2003-10-31,0.03744
2003-11-30,0.03800
2003-12-31,0.03740
2004-01-31,0.03689
2004-02-29,0.03677
2004-03-31,0.03555
2004-04-30,0.03616
2004-05-31,0.03554
2004-06-30,0.03583
2004-07-31,0.03498
2004-08-31,0.03475
2004-09-30,0.03555
2004-10-31,0.03502
2004-11-30,0.03566
2004-12-31,0.03453
2005-01-31,0.03545
2005-02-28,0.03723
2005-03-31,0.03595
2005-04-30,0.03812
2005-05-31,0.03837
2005-06-30,0.03832
2005-07-31,0.03806
2005-08-31,0.03870
2005-09-30,0.03848
2005-10-31,0.03817
2005-11-30,0.03941
2005-12-31,0.03925
2006-01-31,0.04222
2006-02-28,0.04104
2006-03-31,0.04042
2006-04-30,0.04068
2006-05-31,0.04038
2006-06-30,0.04112
2006-07-31,0.04134
2006-08-31,0.04165
2006-09-30,0.04170
2006-10-31,0.04179
2006-11-30,0.04165
2006-12-31,0.04139
2007-01-31,0.04185
2007-02-28,0.04262
2007-03-31,0.04189
2007-04-30,0.04241
2007-05-31,0.04224
2007-06-30,0.04274
2007-07-31,0.04263
2007-08-31,0.04278
2007-09-30,0.04382
2007-10-31,0.04352
2007-11-30,0.04343
2007-12-31,0.04309
2008-01-31,0.04277
2008-02-29,0.04475
2008-03-31,0.04467
2008-04-30,0.04342
2008-05-31,0.04340
2008-06-30,0.04366
2008-07-31,0.04322
2008-08-31,0.04371
2008-09-30,0.04513
2008-10-31,0.04466
2008-11-30,0.04525
2008-12-31,0.04485
2009-01-31,0.04304
2009-02-28,0.04275
2009-03-31,0.04188
2009-04-30,0.04215
2009-05-31,0.04223
2009-06-30,0.04341
2009-07-31,0.04355
2009-08-31,0.04182
2009-09-30,0.04084
2009-10-31,0.03929
2009-11-30,0.03901
2009-12-31,0.03713
2010-01-31,0.03588
2010-02-28,0.03566
2010-03-31,0.03334
2010-04-30,0.03457
2010-05-31,0.03438
2010-06-30,0.03528
2010-07-31,0.03360
2010-08-31,0.03292
2010-09-30,0.03157
2010-10-31,0.03045
2010-11-30,0.03148
2010-12-31,0.03320
2011-01-31,0.03473
2011-02-28,0.03642
2011-03-31,0.03488
2011-04-30,0.03549
2011-05-31,0.03452
2011-06-30,0.03460
2011-07-31,0.03342
2011-08-31,0.03347
2011-09-30,0.03338
2011-10-31,0.03291
2011-11-30,0.03307
2011-12-31,0.03263
2012-01-31,0.03143
2012-02-29,0.03152
2012-03-31,0.02939
2012-04-30,0.02913
2012-05-31,0.02853
2012-06-30,0.02867
2012-07-31,0.02793
2012-08-31,0.02739
2012-09-30,0.02742
2012-10-31,0.02673
2012-11-30,0.02672
2012-12-31,0.02631
2013-01-31,0.02588
2013-02-28,0.02727
2013-03-31,0.02525
2013-04-30,0.02564
2013-05-31,0.02527
2013-06-30,0.02584
2013-07-31,0.02567
2013-08-31,0.02588
2013-09-30,0.02687
2013-10-31,0.02606
2013-11-30,0.02588
2013-12-31,0.02597
2014-01-31,0.02529
2014-02-28,0.02820
2014-03-31,0.02567
2014-04-30,0.02589
2014-05-31,0.02511
2014-06-30,0.02547
2014-07-31,0.02387
2014-08-31,0.02338
2014-09-30,0.02266
2014-10-31,0.02344
2014-11-30,0.02345
2014-12-31,0.02264
2015-01-31,0.02213
2015-02-28,0.02365
2015-03-31,0.02173
2015-04-30,0.02223
2015-05-31,0.02190
2015-06-30,0.02336
2015-07-31,0.02239
2015-08-31,0.02246
2015-09-30,0.02319
2015-10-31,0.02285
2015-11-30,0.02341
2015-12-31,0.02246
2016-01-31,0.02189
2016-02-29,0.02305
2016-03-31,0.02204
2016-04-30,0.02332
2016-05-31,0.02244
2016-06-30,0.02294
2016-07-31,0.02175
2016-08-31,0.02182
2016-09-30,0.02291
2016-10-31,0.02201
2016-11-30,0.02234
2016-12-31,0.02243
2017-01-31,0.02296
2017-02-28,0.02500
2017-03-31,0.02306
2017-04-30,0.02420
2017-05-31,0.02335
2017-06-30,0.02383
2017-07-31,0.02297
2017-08-31,0.02278
2017-09-30,0.02277
2017-10-31,0.02237
2017-11-30,0.02306
2017-12-31,0.02331
2018-01-31,0.02273
2018-02-28,0.02413
2018-03-31,0.02245
2018-04-30,0.02382
2018-05-31,0.02248
2018-06-30,0.02360
2018-07-31,0.02264
2018-08-31,0.02335
2018-09-30,0.02338
2018-10-31,0.02327
2018-11-30,0.02432
2018-12-31,0.02378
2019-01-31,0.02335
2019-02-28,0.02659
2019-03-31,0.02449
2019-04-30,0.02516
2019-05-31,0.02402
2019-06-30,0.02486
2019-07-31,0.02435
2019-08-31,0.02405
2019-09-30,0.02440
2019-10-31,0.02320
2019-11-30,0.02424
2019-12-31,0.02339
2020-01-31,0.02255
2020-02-29,0.02402
2020-03-31,0.02420
2020-04-30,0.02328
2020-05-31,0.02216
2020-06-30,0.02243
2020-07-31,0.02087
2020-08-31,0.02020
2020-09-30,0.02051
2020-10-31,0.01957
2020-11-30,0.02013
2020-12-31,0.01891
2021-01-31,0.01819
2021-02-28,0.02018
2021-03-31,0.01772
2021-04-30,0.01823
2021-05-31,0.01727
2021-06-30,0.01765
2021-07-31,0.01670
2021-08-31,0.01704
2021-09-30,0.01811
2021-10-31,0.01774
2021-11-30,0.01877
2021-12-31,0.01776
2022-01-31,0.01749
2022-02-28,0.01946
2022-03-31,0.01732
2022-04-30,0.02075
2022-05-31,0.02132
2022-06-30,0.02238
2022-07-31,0.02299
2022-08-31,0.02390
2022-09-30,0.02499
2022-10-31,0.02595
2022-11-30,0.02757
2022-12-31,0.02787
2023-01-31,0.02741
2023-02-28,0.03048
2023-03-31,0.02924
2023-04-30,0.02971
2023-05-31,0.02992
2023-06-30,0.03108
2023-07-31,0.03144
2023-08-31,0.03230
2023-09-30,0.03322
2023-10-31,0.03415
2023-11-30,0.03535
2023-12-31,0.03540
2024-01-31,0.03593
2024-02-29,0.03697
2024-03-31,0.03622
2024-04-30,0.03651
2024-05-31,0.03665
2024-06-30,0.03777
2024-07-31,0.03823
2024-08-31,0.03841
2024-09-30,0.03872
2024-10-31,0.03806

            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
1996-07-31,838771200,0.04847,0.04847,0,0
1996-08-30,841449600,0.05626,0.05626,0,0
1996-09-30,844041600,0.05610,0.05610,0,0
1996-10-31,846720000,0.05598,0.05598,0,0
1996-11-29,849312000,0.05600,0.05600,0,0
1996-12-31,851990400,0.05572,0.05572,0,0
1997-01-31,854668800,0.05634,0.05634,0,0
1997-02-28,857088000,0.05656,0.05656,0,0
1997-03-31,859766400,0.05610,0.05610,0,0
1997-04-30,862358400,0.05599,0.05599,0,0
1997-05-30,865036800,0.05568,0.05568,0,0
1997-06-30,867628800,0.05552,0.05552,0,0
1997-07-31,870307200,0.05538,0.05538,0,0
1997-08-29,872985600,0.05605,0.05605,0,0
1997-09-30,875577600,0.05553,0.05553,0,0
1997-10-31,878256000,0.05512,0.05512,0,0
1997-11-28,880848000,0.05492,0.05492,0,0
1997-12-31,883526400,0.05467,0.05467,0,0
1998-01-30,886204800,0.05498,0.05498,0,0
1998-02-27,888624000,0.05497,0.05497,0,0
1998-03-31,891302400,0.05437,0.05437,0,0
1998-04-30,893894400,0.05418,0.05418,0,0
1998-05-29,896572800,0.05386,0.05386,0,0
1998-06-30,899164800,0.05315,0.05315,0,0
1998-07-31,901843200,0.05364,0.05364,0,0
1998-08-31,904521600,0.05329,0.05329,0,0
1998-09-30,907113600,0.05367,0.05367,0,0
1998-10-30,909792000,0.05301,0.05301,0,0
1998-11-30,912384000,0.05306,0.05306,0,0
1998-12-31,915062400,0.05291,0.05291,0,0
1999-01-29,917740800,0.05310,0.05310,0,0
1999-02-26,920160000,0.05348,0.05348,0,0
1999-03-31,922838400,0.05301,0.05301,0,0
1999-04-30,925430400,0.05296,0.05296,0,0
1999-05-28,928108800,0.05238,0.05238,0,0
1999-06-30,930700800,0.05268,0.05268,0,0
1999-07-30,933379200,0.05263,0.05263,0,0
1999-08-31,936057600,0.05289,0.05289,0,0
1999-09-30,938649600,0.05280,0.05280,0,0
1999-10-29,941328000,0.05267,0.05267,0,0
1999-11-30,943920000,0.05275,0.05275,0,0
1999-12-31,946598400,0.05228,0.05228,0,0
2000-01-31,949276800,0.05258,0.05258,0,0
2000-02-29,951782400,0.05275,0.05275,0,0
2000-03-31,954460800,0.05281,0.05281,0,0
2000-04-28,957052800,0.05303,0.05303,0,0
2000-05-31,959731200,0.05318,0.05318,0,0
2000-06-30,962323200,0.05333,0.05333,0,0
2000-07-31,965001600,0.05296,0.05296,0,0
2000-08-31,967680000,0.05319,0.05319,0,0
2000-09-29,970272000,0.05314,0.05314,0,0
2000-10-31,972950400,0.05258,0.05258,0,0
2000-11-30,975542400,0.05257,0.05257,0,0
2000-12-29,978220800,0.05252,0.05252,0,0
2001-01-31,980899200,0.05498,0.05498,0,0
2001-02-28,983318400,0.05273,0.05273,0,0
2001-03-30,985996800,0.05221,0.05221,0,0
2001-04-30,988588800,0.05217,0.05217,0,0
2001-05-31,991267200,0.05184,0.05184,0,0
2001-06-29,993859200,0.05123,0.05123,0,0
2001-07-31,996537600,0.04975,0.04975,0,0
2001-08-31,999216000,0.04910,0.04910,0,0
2001-09-28,1001808000,0.04894,0.04894,0,0
2001-10-31,1004486400,0.04874,0.04874,0,0
2001-11-30,1007078400,0.04773,0.04773,0,0
2001-12-31,1009756800,0.04721,0.04721,0,0
2002-01-31,1012435200,0.04829,0.04829,0,0
2002-02-28,1014854400,0.04607,0.04607,0,0
2002-03-28,1017532800,0.04563,0.04563,0,0
2002-04-30,1020124800,0.04626,0.04626,0,0
2002-05-31,1022803200,0.04582,0.04582,0,0
2002-06-28,1025395200,0.04516,0.04516,0,0
2002-07-31,1028073600,0.04381,0.04381,0,0
2002-08-30,1030752000,0.04288,0.04288,0,0
2002-09-30,1033344000,0.04289,0.04289,0,0
2002-10-31,1036022400,0.04195,0.04195,0,0
2002-11-29,1038614400,0.04299,0.04299,0,0
2002-12-31,1041292800,0.04210,0.04210,0,0
2003-01-31,1043971200,0.04108,0.04108,0,0
2003-02-28,1046390400,0.04115,0.04115,0,0
2003-03-31,1049068800,0.03916,0.03916,0,0
2003-04-30,1051660800,0.03901,0.03901,0,0
2003-05-30,1054339200,0.03898,0.03898,0,0
2003-06-30,1056931200,0.03868,0.03868,0,0
2003-07-31,1059609600,0.03648,0.03648,0,0
2003-08-29,1062288000,0.03773,0.03773,0,0
2003-09-30,1064880000,0.03812,0.03812,0,0
2003-10-31,1067558400,0.03744,0.03744,0,0
2003-11-28,1070150400,0.03800,0.03800,0,0
2003-12-31,1072828800,0.03740,0.03740,0,0
2004-01-30,1075507200,0.03689,0.03689,0,0
2004-02-27,1078012800,0.03677,0.03677,0,0
2004-03-31,1080691200,0.03555,0.03555,0,0
2004-04-30,1083283200,0.03616,0.03616,0,0
2004-05-28,1085961600,0.03554,0.03554,0,0
2004-06-30,1088553600,0.03583,0.03583,0,0
2004-07-30,1091232000,0.03498,0.03498,0,0
2004-08-31,1093910400,0.03475,0.03475,0,0
2004-09-30,1096502400,0.03555,0.03555,0,0
2004-10-29,1099180800,0.03502,0.03502,0,0
2004-11-30,1101772800,0.03566,0.03566,0,0
2004-12-31,1104451200,0.03453,0.03453,0,0
2005-01-31,1107129600,0.03545,0.03545,0,0
2005-02-28,1109548800,0.03723,0.03723,0,0
2005-03-31,1112227200,0.03595,0.03595,0,0
2005-04-29,1114819200,0.03812,0.03812,0,0
2005-05-31,1117497600,0.03837,0.03837,0,0
2005-06-30,1120089600,0.03832,0.03832,0,0
2005-07-29,1122768000,0.03806,0.03806,0,0
2005-08-31,1125446400,0.03870,0.03870,0,0
2005-09-30,1128038400,0.03848,0.03848,0,0
2005-10-31,1130716800,0.03817,0.03817,0,0
2005-11-30,1133308800,0.03941,0.03941,0,0
2005-12-30,1135987200,0.03925,0.03925,0,0
2006-01-31,1138665600,0.04222,0.04222,0,0
2006-02-28,1141084800,0.04104,0.04104,0,0
2006-03-31,1143763200,0.04042,0.04042,0,0
2006-04-28,1146355200,0.04068,0.04068,0,0
2006-05-31,1149033600,0.04038,0.04038,0,0
2006-06-30,1151625600,0.04112,0.04112,0,0
2006-07-31,1154304000,0.04134,0.04134,0,0
2006-08-31,1156982400,0.04165,0.04165,0,0
2006-09-29,1159574400,0.04170,0.04170,0,0
2006-10-31,1162252800,0.04179,0.04179,0,0
2006-11-30,1164844800,0.04165,0.04165,0,0
2006-12-29,1167523200,0.04139,0.04139,0,0
2007-01-31,1170201600,0.04185,0.04185,0,0
2007-02-28,1172620800,0.04262,0.04262,0,0
2007-03-30,1175299200,0.04189,0.04189,0,0
2007-04-30,1177891200,0.04241,0.04241,0,0
2007-05-31,1180569600,0.04224,0.04224,0,0
2007-06-29,1183161600,0.04274,0.04274,0,0
2007-07-31,1185840000,0.04263,0.04263,0,0
2007-08-31,1188518400,0.04278,0.04278,0,0
2007-09-28,1191110400,0.04382,0.04382,0,0
2007-10-31,1193788800,0.04352,0.04352,0,0
2007-11-30,1196380800,0.04343,0.04343,0,0
2007-12-31,1199059200,0.04309,0.04309,0,0
2008-01-31,1201737600,0.04277,0.04277,0,0
2008-02-29,1204243200,0.04475,0.04475,0,0
2008-03-31,1206921600,0.04467,0.04467,0,0
2008-04-30,1209513600,0.04342,0.04342,0,0
2008-05-30,1212192000,0.04340,0.04340,0,0
2008-06-30,1214784000,0.04366,0.04366,0,0
2008-07-31,1217462400,0.04322,0.04322,0,0
2008-08-29,1220140800,0.04371,0.04371,0,0
2008-09-30,1222732800,0.04513,0.04513,0,0
2008-10-31,1225411200,0.04466,0.04466,0,0
2008-11-28,1228003200,0.04525,0.04525,0,0
2008-12-31,1230681600,0.04485,0.04485,0,0
2009-01-30,1233360000,0.04304,0.04304,0,0
2009-02-27,1235779200,0.04275,0.04275,0,0
2009-03-31,1238457600,0.04188,0.04188,0,0
2009-04-30,1241049600,0.04215,0.04215,0,0
2009-05-29,1243728000,0.04223,0.04223,0,0
2009-06-30,1246320000,0.04341,0.04341,0,0
2009-07-31,1248998400,0.04355,0.04355,0,0
2009-08-31,1251676800,0.04182,0.04182,0,0
2009-09-30,1254268800,0.04084,0.04084,0,0
2009-10-30,1256947200,0.03929,0.03929,0,0
2009-11-30,1259539200,0.03901,0.03901,0,0
2009-12-31,1262217600,0.03713,0.03713,0,0
2010-01-29,1264896000,0.03588,0.03588,0,0
2010-02-26,1267315200,0.03566,0.03566,0,0
2010-03-31,1269993600,0.03334,0.03334,0,0
2010-04-30,1272585600,0.03457,0.03457,0,0
2010-05-28,1275264000,0.03438,0.03438,0,0
2010-06-30,1277856000,0.03528,0.03528,0,0
2010-07-30,1280534400,0.03360,0.03360,0,0
2010-08-31,1283212800,0.03292,0.03292,0,0
2010-09-30,1285804800,0.03157,0.03157,0,0
2010-10-29,1288483200,0.03045,0.03045,0,0
2010-11-30,1291075200,0.03148,0.03148,0,0
2010-12-31,1293753600,0.03320,0.03320,0,0
2011-01-31,1296432000,0.03473,0.03473,0,0
2011-02-28,1298851200,0.03642,0.03642,0,0
2011-03-31,1301529600,0.03488,0.03488,0,0
2011-04-29,1304121600,0.03549,0.03549,0,0
2011-05-31,1306800000,0.03452,0.03452,0,0
2011-06-30,1309392000,0.03460,0.03460,0,0
2011-07-29,1312070400,0.03342,0.03342,0,0
2011-08-31,1314748800,0.03347,0.03347,0,0
2011-09-30,1317340800,0.03338,0.03338,0,0
2011-10-31,1320019200,0.03291,0.03291,0,0
2011-11-30,1322611200,0.03307,0.03307,0,0
2011-12-30,1325289600,0.03263,0.03263,0,0
2012-01-31,1327968000,0.03143,0.03143,0,0
2012-02-29,1330473600,0.03152,0.03152,0,0
2012-03-30,1333152000,0.02939,0.02939,0,0
2012-04-30,1335744000,0.02913,0.02913,0,0
2012-05-31,1338422400,0.02853,0.02853,0,0
2012-06-29,1341014400,0.02867,0.02867,0,0
2012-07-31,1343692800,0.02793,0.02793,0,0
2012-08-31,1346371200,0.02739,0.02739,0,0
2012-09-28,1348963200,0.02742,0.02742,0,0
2012-10-31,1351641600,0.02673,0.02673,0,0
2012-11-30,1354233600,0.02672,0.02672,0,0
2012-12-31,1356912000,0.02631,0.02631,0,0
2013-01-31,1359590400,0.02588,0.02588,0,0
2013-02-28,1362009600,0.02727,0.02727,0,0
2013-03-28,1364688000,0.02525,0.02525,0,0
2013-04-30,1367280000,0.02564,0.02564,0,0
2013-05-31,1369958400,0.02527,0.02527,0,0
2013-06-28,1372550400,0.02584,0.02584,0,0
2013-07-31,1375228800,0.02567,0.02567,0,0
2013-08-30,1377907200,0.02588,0.02588,0,0
2013-09-30,1380499200,0.02687,0.02687,0,0
2013-10-31,1383177600,0.02606,0.02606,0,0
2013-11-29,1385769600,0.02588,0.02588,0,0
2013-12-31,1388448000,0.02597,0.02597,0,0
2014-01-31,1391126400,0.02529,0.02529,0,0
2014-02-28,1393545600,0.02820,0.02820,0,0
2014-03-31,1396224000,0.02567,0.02567,0,0
2014-04-30,1398816000,0.02589,0.02589,0,0
2014-05-30,1401494400,0.02511,0.02511,0,0
2014-06-30,1404086400,0.02547,0.02547,0,0
2014-07-31,1406764800,0.02387,0.02387,0,0
2014-08-29,1409443200,0.02338,0.02338,0,0
2014-09-30,1412035200,0.02266,0.02266,0,0
2014-10-31,1414713600,0.02344,0.02344,0,0
2014-11-28,1417305600,0.02345,0.02345,0,0
2014-12-31,1419984000,0.02264,0.02264,0,0
2015-01-30,1422662400,0.02213,0.02213,0,0
2015-02-27,1425081600,0.02365,0.02365,0,0
2015-03-31,1427760000,0.02173,0.02173,0,0
2015-04-30,1430352000,0.02223,0.02223,0,0
2015-05-29,1433030400,0.02190,0.02190,0,0
2015-06-30,1435622400,0.02336,0.02336,0,0
2015-07-31,1438300800,0.02239,0.02239,0,0
2015-08-31,1440979200,0.02246,0.02246,0,0
2015-09-30,1443571200,0.02319,0.02319,0,0
2015-10-30,1446249600,0.02285,0.02285,0,0
2015-11-30,1448841600,0.02341,0.02341,0,0
2015-12-31,1451520000,0.02246,0.02246,0,0
2016-01-29,1454198400,0.02189,0.02189,0,0
2016-02-29,1456704000,0.02305,0.02305,0,0
2016-03-31,1459382400,0.02204,0.02204,0,0
2016-04-29,1461974400,0.02332,0.02332,0,0
2016-05-31,1464652800,0.02244,0.02244,0,0
2016-06-30,1467244800,0.02294,0.02294,0,0
2016-07-29,1469923200,0.02175,0.02175,0,0
2016-08-31,1472601600,0.02182,0.02182,0,0
2016-09-30,1475193600,0.02291,0.02291,0,0
2016-10-31,1477872000,0.02201,0.02201,0,0
2016-11-30,1480464000,0.02234,0.02234,0,0
2016-12-30,1483142400,0.02243,0.02243,0,0
2017-01-31,1485820800,0.02296,0.02296,0,0
2017-02-28,1488240000,0.02500,0.02500,0,0
2017-03-31,1490918400,0.02306,0.02306,0,0
2017-04-28,1493510400,0.02420,0.02420,0,0
2017-05-31,1496188800,0.02335,0.02335,0,0
2017-06-30,1498780800,0.02383,0.02383,0,0
2017-07-31,1501459200,0.02297,0.02297,0,0
2017-08-31,1504137600,0.02278,0.02278,0,0
2017-09-29,1506729600,0.02277,0.02277,0,0
2017-10-31,1509408000,0.02237,0.02237,0,0
2017-11-30,1512000000,0.02306,0.02306,0,0
2017-12-29,1514678400,0.02331,0.02331,0,0
2018-01-31,1517356800,0.02273,0.02273,0,0
2018-02-28,1519776000,0.02413,0.02413,0,0
2018-03-29,1522454400,0.02245,0.02245,0,0
2018-04-30,1525046400,0.02382,0.02382,0,0
2018-05-31,1527724800,0.02248,0.02248,0,0
2018-06-29,1530316800,0.02360,0.02360,0,0
2018-07-31,1532995200,0.02264,0.02264,0,0
2018-08-31,1535673600,0.02335,0.02335,0,0
2018-09-28,1538265600,0.02338,0.02338,0,0
2018-10-31,1540944000,0.02327,0.02327,0,0
2018-11-30,1543536000,0.02432,0.02432,0,0
2018-12-31,1546214400,0.02378,0.02378,0,0
2019-01-31,1548892800,0.02335,0.02335,0,0
2019-02-28,1551312000,0.02659,0.02659,0,0
2019-03-29,1553990400,0.02449,0.02449,0,0
2019-04-30,1556582400,0.02516,0.02516,0,0
2019-05-31,1559260800,0.02402,0.02402,0,0
2019-06-28,1561852800,0.02486,0.02486,0,0
2019-07-31,1564531200,0.02435,0.02435,0,0
2019-08-31,1567209600,0.02405,0.02405,0,0
2019-09-30,1569801600,0.02440,0.02440,0,0
2019-10-31,1572480000,0.02320,0.02320,0,0
2019-11-30,1575072000,0.02424,0.02424,0,0
2019-12-31,1577750400,0.02339,0.02339,0,0
2020-01-31,1580428800,0.02255,0.02255,0,0
2020-02-29,1582934400,0.02402,0.02402,0,0
2020-03-31,1585612800,0.02420,0.02420,0,0
2020-04-30,1588204800,0.02328,0.02328,0,0
2020-05-31,1590883200,0.02216,0.02216,0,0
2020-06-30,1593475200,0.02243,0.02243,0,0
2020-07-31,1596153600,0.02087,0.02087,0,0
2020-08-31,1598832000,0.02020,0.02020,0,0
2020-09-30,1601424000,0.02051,0.02051,0,0
2020-10-30,1604102400,0.01957,0.01957,0,0
2020-11-30,1606694400,0.02013,0.02013,0,0
2020-12-31,1609372800,0.01891,0.01891,0,0
2021-01-29,1612051200,0.01819,0.01819,0,0
2021-02-26,1614470400,0.02018,0.02018,0,0
2021-03-31,1617148800,0.01772,0.01772,0,0
2021-04-30,1619740800,0.01823,0.01823,0,0
2021-05-28,1622419200,0.01727,0.01727,0,0
2021-06-30,1625011200,0.01765,0.01765,0,0
2021-07-30,1627689600,0.01670,0.01670,0,0
2021-08-31,1630368000,0.01704,0.01704,0,0
2021-09-30,1632960000,0.01811,0.01811,0,0
2021-10-29,1635638400,0.01774,0.01774,0,0
2021-11-30,1638230400,0.01877,0.01877,0,0
2021-12-31,1640908800,0.01776,0.01776,0,0
2022-01-31,1643587200,0.01749,0.01749,0,0
2022-02-28,1646006400,0.01946,0.01946,0,0
2022-03-31,1648684800,0.01732,0.01732,0,0
2022-04-29,1651276800,0.02075,0.02075,0,0
2022-05-31,1653955200,0.02132,0.02132,0,0
2022-06-30,1656547200,0.02238,0.02238,0,0
2022-07-29,1659225600,0.02299,0.02299,0,0
2022-08-31,1661904000,0.02390,0.02390,0,0
2022-09-30,1664496000,0.02499,0.02499,0,0
2022-10-31,1667174400,0.02595,0.02595,0,0
2022-11-30,1669766400,0.02757,0.02757,0,0
2022-12-30,1672444800,0.02787,0.02787,0,0
2023-01-31,1675123200,0.02741,0.02741,0,0
2023-02-28,1677542400,0.03048,0.03048,0,0
2023-03-31,1680220800,0.02924,0.02924,0,0
2023-04-28,1682812800,0.02971,0.02971,0,0
2023-05-31,1685491200,0.02992,0.02992,0,0
2023-06-30,1688083200,0.03108,0.03108,0,0
2023-07-31,1690761600,0.03144,0.03144,0,0
2023-08-31,1693440000,0.03230,0.03230,0,0
2023-09-29,1696032000,0.03322,0.03322,0,0
2023-10-31,1698710400,0.03415,0.03415,0,0
2023-11-30,1701302400,0.03535,0.03535,0,0
2023-12-29,1703980800,0.03540,0.03540,0,0
2024-01-31,1706659200,0.03593,0.03593,0,0
2024-02-29,1709164800,0.03697,0.03697,0,0
2024-03-28,1711843200,0.03622,0.03622,0,0
2024-04-30,1714435200,0.03651,0.03651,0,0
2024-05-31,1717113600,0.03665,0.03665,0,0
2024-06-28,1719705600,0.03777,0.03777,0,0
2024-07-31,1722384000,0.03823,0.03823,0,0
2024-08-30,1725062400,0.03841,0.03841,0,0
2024-09-30,1727654400,0.03872,0.03872,0,0
2024-10-31,1730332800,0.03806,0.03806,0,0

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

0.04847

—

30 Aug 1996

31 Aug 1996

0.05626

—

30 Sep 1996

0.05610

—

31 Oct 1996

0.05598

—

29 Nov 1996

30 Nov 1996

0.05600

—

31 Dec 1996

0.05572

—

31 Jan 1997

0.05634

—

28 Feb 1997

0.05656

—

31 Mar 1997

0.05610

—

30 Apr 1997

0.05599

—

30 May 1997

31 May 1997

0.05568

—

30 Jun 1997

0.05552

—

31 Jul 1997

0.05538

—

29 Aug 1997

31 Aug 1997

0.05605

—

30 Sep 1997

0.05553

—

31 Oct 1997

0.05512

—

28 Nov 1997

30 Nov 1997

0.05492

—

31 Dec 1997

0.05467

—

30 Jan 1998

31 Jan 1998

0.05498

—

27 Feb 1998

28 Feb 1998

0.05497

—

31 Mar 1998

0.05437

—

30 Apr 1998

0.05418

—

29 May 1998

31 May 1998

0.05386

—

30 Jun 1998

0.05315

—

31 Jul 1998

0.05364

—

31 Aug 1998

0.05329

—

30 Sep 1998

0.05367

—

30 Oct 1998

31 Oct 1998

0.05301

—

30 Nov 1998

0.05306

—

31 Dec 1998

0.05291

—

29 Jan 1999

31 Jan 1999

0.05310

—

26 Feb 1999

28 Feb 1999

0.05348

—

31 Mar 1999

0.05301

—

30 Apr 1999

0.05296

—

28 May 1999

31 May 1999

0.05238

—

30 Jun 1999

0.05268

—

30 Jul 1999

31 Jul 1999

0.05263

—

31 Aug 1999

0.05289

—

30 Sep 1999

0.05280

—

29 Oct 1999

31 Oct 1999

0.05267

—

30 Nov 1999

0.05275

—

31 Dec 1999

0.05228

—

31 Jan 2000

0.05258

—

29 Feb 2000

0.05275

—

31 Mar 2000

0.05281

—

28 Apr 2000

30 Apr 2000

0.05303

—

31 May 2000

0.05318

—

30 Jun 2000

0.05333

—

31 Jul 2000

0.05296

—

31 Aug 2000

0.05319

—

29 Sep 2000

30 Sep 2000

0.05314

—

31 Oct 2000

0.05258

—

30 Nov 2000

0.05257

—

29 Dec 2000

31 Dec 2000

0.05252

—

31 Jan 2001

0.05498

—

28 Feb 2001

0.05273

—

30 Mar 2001

31 Mar 2001

0.05221

—

30 Apr 2001

0.05217

—

31 May 2001

0.05184

—

29 Jun 2001

30 Jun 2001

0.05123

—

31 Jul 2001

0.04975

—

31 Aug 2001

0.04910

—

28 Sep 2001

30 Sep 2001

0.04894

—

31 Oct 2001

0.04874

—

30 Nov 2001

0.04773

—

31 Dec 2001

0.04721

—

31 Jan 2002

0.04829

—

28 Feb 2002

0.04607

—

28 Mar 2002

31 Mar 2002

0.04563

—

30 Apr 2002

0.04626

—

31 May 2002

0.04582

—

28 Jun 2002

30 Jun 2002

0.04516

—

31 Jul 2002

0.04381

—

30 Aug 2002

31 Aug 2002

0.04288

—

30 Sep 2002

0.04289

—

31 Oct 2002

0.04195

—

29 Nov 2002

30 Nov 2002

0.04299

—

31 Dec 2002

0.04210

—

31 Jan 2003

0.04108

—

28 Feb 2003

0.04115

—

31 Mar 2003

0.03916

—

30 Apr 2003

0.03901

—

30 May 2003

31 May 2003

0.03898

—

30 Jun 2003

0.03868

—

31 Jul 2003

0.03648

—

29 Aug 2003

31 Aug 2003

0.03773

—

30 Sep 2003

0.03812

—

31 Oct 2003

0.03744

—

28 Nov 2003

30 Nov 2003

0.03800

—

31 Dec 2003

0.03740

—

30 Jan 2004

31 Jan 2004

0.03689

—

27 Feb 2004

29 Feb 2004

0.03677

—

31 Mar 2004

0.03555

—

30 Apr 2004

0.03616

—

28 May 2004

31 May 2004

0.03554

—

30 Jun 2004

0.03583

—

30 Jul 2004

31 Jul 2004

0.03498

—

31 Aug 2004

0.03475

—

30 Sep 2004

0.03555

—

29 Oct 2004

31 Oct 2004

0.03502

—

30 Nov 2004

0.03566

—

31 Dec 2004

0.03453

—

31 Jan 2005

0.03545

—

28 Feb 2005

0.03723

—

31 Mar 2005

0.03595

—

29 Apr 2005

30 Apr 2005

0.03812

—

31 May 2005

0.03837

—

30 Jun 2005

0.03832

—

29 Jul 2005

31 Jul 2005

0.03806

—

31 Aug 2005

0.03870

—

30 Sep 2005

0.03848

—

31 Oct 2005

0.03817

—

30 Nov 2005

0.03941

—

30 Dec 2005

31 Dec 2005

0.03925

—

31 Jan 2006

0.04222

—

28 Feb 2006

0.04104

—

31 Mar 2006

0.04042

—

28 Apr 2006

30 Apr 2006

0.04068

—

31 May 2006

0.04038

—

30 Jun 2006

0.04112

—

31 Jul 2006

0.04134

—

31 Aug 2006

0.04165

—

29 Sep 2006

30 Sep 2006

0.04170

—

31 Oct 2006

0.04179

—

30 Nov 2006

0.04165

—

29 Dec 2006

31 Dec 2006

0.04139

—

31 Jan 2007

0.04185

—

28 Feb 2007

0.04262

—

30 Mar 2007

31 Mar 2007

0.04189

—

30 Apr 2007

0.04241

—

31 May 2007

0.04224

—

29 Jun 2007

30 Jun 2007

0.04274

—

31 Jul 2007

0.04263

—

31 Aug 2007

0.04278

—

28 Sep 2007

30 Sep 2007

0.04382

—

31 Oct 2007

0.04352

—

30 Nov 2007

0.04343

—

31 Dec 2007

0.04309

—

31 Jan 2008

0.04277

—

29 Feb 2008

0.04475

—

31 Mar 2008

0.04467

—

30 Apr 2008

0.04342

—

30 May 2008

31 May 2008

0.04340

—

30 Jun 2008

0.04366

—

31 Jul 2008

0.04322

—

29 Aug 2008

31 Aug 2008

0.04371

—

30 Sep 2008

0.04513

—

31 Oct 2008

0.04466

—

28 Nov 2008

30 Nov 2008

0.04525

—

31 Dec 2008

0.04485

—

30 Jan 2009

31 Jan 2009

0.04304

—

27 Feb 2009

28 Feb 2009

0.04275

—

31 Mar 2009

0.04188

—

30 Apr 2009

0.04215

—

29 May 2009

31 May 2009

0.04223

—

30 Jun 2009

0.04341

—

31 Jul 2009

0.04355

—

31 Aug 2009

0.04182

—

30 Sep 2009

0.04084

—

30 Oct 2009

31 Oct 2009

0.03929

—

30 Nov 2009

0.03901

—

31 Dec 2009

0.03713

—

29 Jan 2010

31 Jan 2010

0.03588

—

26 Feb 2010

28 Feb 2010

0.03566

—

31 Mar 2010

0.03334

—

30 Apr 2010

0.03457

—

28 May 2010

31 May 2010

0.03438

—

30 Jun 2010

0.03528

—

30 Jul 2010

31 Jul 2010

0.03360

—

31 Aug 2010

0.03292

—

30 Sep 2010

0.03157

—

29 Oct 2010

31 Oct 2010

0.03045

—

30 Nov 2010

0.03148

—

31 Dec 2010

0.03320

—

31 Jan 2011

0.03473

—

28 Feb 2011

0.03642

—

31 Mar 2011

0.03488

—

29 Apr 2011

30 Apr 2011

0.03549

—

31 May 2011

0.03452

—

30 Jun 2011

0.03460

—

29 Jul 2011

31 Jul 2011

0.03342

—

31 Aug 2011

0.03347

—

30 Sep 2011

0.03338

—

31 Oct 2011

0.03291

—

30 Nov 2011

0.03307

—

30 Dec 2011

31 Dec 2011

0.03263

—

31 Jan 2012

0.03143

—

29 Feb 2012

0.03152

—

30 Mar 2012

31 Mar 2012

0.02939

—

30 Apr 2012

0.02913

—

31 May 2012

0.02853

—

29 Jun 2012

30 Jun 2012

0.02867

—

31 Jul 2012

0.02793

—

31 Aug 2012

0.02739

—

28 Sep 2012

30 Sep 2012

0.02742

—

31 Oct 2012

0.02673

—

30 Nov 2012

0.02672

—

31 Dec 2012

0.02631

—

31 Jan 2013

0.02588

—

28 Feb 2013

0.02727

—

28 Mar 2013

31 Mar 2013

0.02525

—

30 Apr 2013

0.02564

—

31 May 2013

0.02527

—

28 Jun 2013

30 Jun 2013

0.02584

—

31 Jul 2013

0.02567

—

30 Aug 2013

31 Aug 2013

0.02588

—

30 Sep 2013

0.02687

—

31 Oct 2013

0.02606

—

29 Nov 2013

30 Nov 2013

0.02588

—

31 Dec 2013

0.02597

—

31 Jan 2014

0.02529

—

28 Feb 2014

0.02820

—

31 Mar 2014

0.02567

—

30 Apr 2014

0.02589

—

30 May 2014

31 May 2014

0.02511

—

30 Jun 2014

0.02547

—

31 Jul 2014

0.02387

—

29 Aug 2014

31 Aug 2014

0.02338

—

30 Sep 2014

0.02266

—

31 Oct 2014

0.02344

—

28 Nov 2014

30 Nov 2014

0.02345

—

31 Dec 2014

0.02264

—

30 Jan 2015

31 Jan 2015

0.02213

—

27 Feb 2015

28 Feb 2015

0.02365

—

31 Mar 2015

0.02173

—

30 Apr 2015

0.02223

—

29 May 2015

31 May 2015

0.02190

—

30 Jun 2015

0.02336

—

31 Jul 2015

0.02239

—

31 Aug 2015

0.02246

—

30 Sep 2015

0.02319

—

30 Oct 2015

31 Oct 2015

0.02285

—

30 Nov 2015

0.02341

—

31 Dec 2015

0.02246

—

29 Jan 2016

31 Jan 2016

0.02189

—

29 Feb 2016

0.02305

—

31 Mar 2016

0.02204

—

29 Apr 2016

30 Apr 2016

0.02332

—

31 May 2016

0.02244

—

30 Jun 2016

0.02294

—

29 Jul 2016

31 Jul 2016

0.02175

—

31 Aug 2016

0.02182

—

30 Sep 2016

0.02291

—

31 Oct 2016

0.02201

—

30 Nov 2016

0.02234

—

30 Dec 2016

31 Dec 2016

0.02243

—

31 Jan 2017

0.02296

—

28 Feb 2017

0.02500

—

31 Mar 2017

0.02306

—

28 Apr 2017

30 Apr 2017

0.02420

—

31 May 2017

0.02335

—

30 Jun 2017

0.02383

—

31 Jul 2017

0.02297

—

31 Aug 2017

0.02278

—

29 Sep 2017

30 Sep 2017

0.02277

—

31 Oct 2017

0.02237

—

30 Nov 2017

0.02306

—

29 Dec 2017

31 Dec 2017

0.02331

—

31 Jan 2018

0.02273

—

28 Feb 2018

0.02413

—

29 Mar 2018

31 Mar 2018

0.02245

—

30 Apr 2018

0.02382

—

31 May 2018

0.02248

—

29 Jun 2018

30 Jun 2018

0.02360

—

31 Jul 2018

0.02264

—

31 Aug 2018

0.02335

—

28 Sep 2018

30 Sep 2018

0.02338

—

31 Oct 2018

0.02327

—

30 Nov 2018

0.02432

—

31 Dec 2018

0.02378

—

31 Jan 2019

0.02335

—

28 Feb 2019

0.02659

—

29 Mar 2019

31 Mar 2019

0.02449

—

30 Apr 2019

0.02516

—

31 May 2019

0.02402

—

28 Jun 2019

30 Jun 2019

0.02486

—

31 Jul 2019

0.02435

—

31 Aug 2019

0.02405

—

30 Sep 2019

0.02440

—

31 Oct 2019

0.02320

—

30 Nov 2019

0.02424

—

31 Dec 2019

0.02339

—

31 Jan 2020

0.02255

—

29 Feb 2020

0.02402

—

31 Mar 2020

0.02420

—

30 Apr 2020

0.02328

—

31 May 2020

0.02216

—

30 Jun 2020

0.02243

—

31 Jul 2020

0.02087

—

31 Aug 2020

0.02020

—

30 Sep 2020

0.02051

—

30 Oct 2020

31 Oct 2020

0.01957

—

30 Nov 2020

0.02013

—

31 Dec 2020

0.01891

—

29 Jan 2021

31 Jan 2021

0.01819

—

26 Feb 2021

28 Feb 2021

0.02018

—

31 Mar 2021

0.01772

—

30 Apr 2021

0.01823

—

28 May 2021

31 May 2021

0.01727

—

30 Jun 2021

0.01765

—

30 Jul 2021

31 Jul 2021

0.01670

—

31 Aug 2021

0.01704

—

30 Sep 2021

0.01811

—

29 Oct 2021

31 Oct 2021

0.01774

—

30 Nov 2021

0.01877

—

31 Dec 2021

0.01776

—

31 Jan 2022

0.01749

—

28 Feb 2022

0.01946

—

31 Mar 2022

0.01732

—

29 Apr 2022

30 Apr 2022

0.02075

—

31 May 2022

0.02132

—

30 Jun 2022

0.02238

—

29 Jul 2022

31 Jul 2022

0.02299

—

31 Aug 2022

0.02390

—

30 Sep 2022

0.02499

—

31 Oct 2022

0.02595

—

30 Nov 2022

0.02757

—

30 Dec 2022

31 Dec 2022

0.02787

—

31 Jan 2023

0.02741

—

28 Feb 2023

0.03048

—

31 Mar 2023

0.02924

—

28 Apr 2023

30 Apr 2023

0.02971

—

31 May 2023

0.02992

—

30 Jun 2023

0.03108

—

31 Jul 2023

0.03144

—

31 Aug 2023

0.03230

—

29 Sep 2023

30 Sep 2023

0.03322

—

31 Oct 2023

0.03415

—

30 Nov 2023

0.03535

—

29 Dec 2023

31 Dec 2023

0.03540

—

31 Jan 2024

0.03593

—

29 Feb 2024

0.03697

—

28 Mar 2024

31 Mar 2024

0.03622

—

30 Apr 2024

0.03651

—

31 May 2024

0.03665

—

28 Jun 2024

30 Jun 2024

0.03777

—

31 Jul 2024

0.03823

—

30 Aug 2024

31 Aug 2024

0.03841

—

30 Sep 2024

0.03872

—

31 Oct 2024

0.03806

—

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

LTMIX

Share Class

Share Class Inception Date

5 Jul 1996

Number of Holdings

802

Portfolio Turnover

37%

Distribution Frequency

Monthly

30-Day SEC Yield (Subsidized)

2.72%

30-Day SEC Yield (Unsubsidized)

2.72%

Annualized Distribution Yield

3.39%

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…

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).

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

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Cut to the Chase: Seizing Fixed Income Opportunities

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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