Thornburg California Limited Term Municipal Fund

SYMBOL: LTCIX

Morningstar Rating • Info

Overall Morningstar Rating among 38 Muni Single State 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, 4 stars, 4 stars and 4 stars among 38, 37 and 30 funds, as of 30 Nov 2024.

As of 30 Nov 2024

Fund Assets

$270.7 M

As of 30 Nov 2024

NAV

$12.81

As of 24 Dec 2024

Change

$-0.01

As of 24 Dec 2024

YTD NAV Performance

1.44%

As of 24 Dec 2024

Asset Category:

Municipal Bond

Fund Benchmark:

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

Portfolio Managers

David Ashley, CFA

Portfolio Manager and Managing Director

John Bonnell, CFA

Portfolio Manager and Managing Director

Eve Lando, JD

Portfolio Manager and Managing Director

Overview Performance Fund Facts Characteristics Portfolio Portfolio Managers Literature

Overview

Why Invest in This Fund?

Actively managed diversified portfolio of municipal bonds issued by the state of California and U.S. territories with an average maturity of less than five years and average duration between two to four years.
Flexible investment approach that employs a relative value framework operating across sectors, issuers and revenue streams.
Tax-efficient fund seeks to minimize changes in its share value while providing California investors with income that is tax-exempt at the state and federal level.

Investment Objective

The investment goal of the fund is to provide investors with as high a level of current income exempt from federal and California state individual income taxes as is consistent with preservation of capital. The fund also seeks to reduce share price volatility compared to longer-term bond portfolios.

Investment Approach

The fund is an actively managed diversified portfolio of municipal bonds issued by the state of California. The investment team aims to match municipal market structure and deal flow through a relative value framework that operates across geography, sectors, issuers and revenue streams. Operating as generalists, team members participate in all key aspects of investment management: credit research, trading, portfolio construction and risk oversight.

Returns

(As of 30 Sep 2024)

YTD

10y

Inception

Total Return (%)

2.58

6.97

0.85

1.01

1.28

3.06

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

2.38

7.43

0.67

1.37

1.82

—

Morningstar Category Avg. (%)

2.37

6.09

0.59

0.99

1.27

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return (%)

2.49

3.94

0.82

0.92

1.24

3.04

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

2.26

3.87

0.59

1.26

1.78

—

Morningstar Category Avg. (%)

2.46

3.61

0.58

0.95

1.26

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return (%)

2.58

6.97

2.57

5.17

13.53

128.97

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 (%)

2.49

3.94

2.48

4.71

13.10

128.78

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

2.26

3.87

1.78

6.44

19.24

—

2018

2019

2020

2021

2022

2023

Total Return (%)

0.78

3.38

2.24

-0.23

-4.22

4.43

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

1.69

5.28

3.81

0.48

-4.61

4.29

Source: Confluence

Periods less than one year are not annualized.

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

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

Morningstar quartile ranking for Muni Single State Short category is based on total returns before sales charges for 1, 3, 5 and 10 years, among 40, 38, 37 and 29 funds, respectively, as of 30 Sep 2024.

Share class inception dates: A shares, 19 Feb 1987; C shares, 1 Sep 1994; I shares, 1 Apr 1997.

Fund Fees

(As of 1 Feb 2024)

Gross Expense Ratio (%)

0.71

Net Expense Ratio (%)

0.49

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 ($)
            1997-01-31,0
1997-02-28,0
1997-03-31,0
1997-04-30,0.05018
1997-05-31,0.05033
1997-06-30,0.05046
1997-07-31,0.05033
1997-08-31,0.04972
1997-09-30,0.04994
1997-10-31,0.04965
1997-11-30,0.04953
1997-12-31,0.04951
1998-01-31,0.04895
1998-02-28,0.04955
1998-03-31,0.04874
1998-04-30,0.04895
1998-05-31,0.04868
1998-06-30,0.04899
1998-07-31,0.04846
1998-08-31,0.04881
1998-09-30,0.04830
1998-10-31,0.04802
1998-11-30,0.04828
1998-12-31,0.04758
1999-01-31,0.04799
1999-02-28,0.04907
1999-03-31,0.04756
1999-04-30,0.04754
1999-05-31,0.04770
1999-06-30,0.04775
1999-07-31,0.04813
1999-08-31,0.04775
1999-09-30,0.04826
1999-10-31,0.04809
1999-11-30,0.04862
1999-12-31,0.04815
2000-01-31,0.04851
2000-02-29,0.04889
2000-03-31,0.04875
2000-04-30,0.04924
2000-05-31,0.04926
2000-06-30,0.04978
2000-07-31,0.04954
2000-08-31,0.04937
2000-09-30,0.04929
2000-10-31,0.04939
2000-11-30,0.04944
2000-12-31,0.04919
2001-01-31,0.04894
2001-02-28,0.04866
2001-03-31,0.04712
2001-04-30,0.04877
2001-05-31,0.04811
2001-06-30,0.04801
2001-07-31,0.04614
2001-08-31,0.04455
2001-09-30,0.04468
2001-10-31,0.04230
2001-11-30,0.04264
2001-12-31,0.04184
2002-01-31,0.04267
2002-02-28,0.04202
2002-03-31,0.03967
2002-04-30,0.04044
2002-05-31,0.04119
2002-06-30,0.03996
2002-07-31,0.03810
2002-08-31,0.03715
2002-09-30,0.03715
2002-10-31,0.03658
2002-11-30,0.03752
2002-12-31,0.03582
2003-01-31,0.03489
2003-02-28,0.03528
2003-03-31,0.03277
2003-04-30,0.03208
2003-05-31,0.03361
2003-06-30,0.03367
2003-07-31,0.03109
2003-08-31,0.03252
2003-09-30,0.03227
2003-10-31,0.03114
2003-11-30,0.03211
2003-12-31,0.03271
2004-01-31,0.03305
2004-02-29,0.03449
2004-03-31,0.03294
2004-04-30,0.03267
2004-05-31,0.03266
2004-06-30,0.03312
2004-07-31,0.03099
2004-08-31,0.03092
2004-09-30,0.03164
2004-10-31,0.03113
2004-11-30,0.03223
2004-12-31,0.03179
2005-01-31,0.03166
2005-02-28,0.03410
2005-03-31,0.03254
2005-04-30,0.03365
2005-05-31,0.03304
2005-06-30,0.03441
2005-07-31,0.03372
2005-08-31,0.03431
2005-09-30,0.03503
2005-10-31,0.03434
2005-11-30,0.03564
2005-12-31,0.03674
2006-01-31,0.03665
2006-02-28,0.03624
2006-03-31,0.03703
2006-04-30,0.03785
2006-05-31,0.03738
2006-06-30,0.03760
2006-07-31,0.03808
2006-08-31,0.03811
2006-09-30,0.03910
2006-10-31,0.03821
2006-11-30,0.03884
2006-12-31,0.03864
2007-01-31,0.03877
2007-02-28,0.04007
2007-03-31,0.03884
2007-04-30,0.03970
2007-05-31,0.03966
2007-06-30,0.03994
2007-07-31,0.03919
2007-08-31,0.03944
2007-09-30,0.03980
2007-10-31,0.03891
2007-11-30,0.03893
2007-12-31,0.03845
2008-01-31,0.03746
2008-02-29,0.03953
2008-03-31,0.03927
2008-04-30,0.03899
2008-05-31,0.03866
2008-06-30,0.03758
2008-07-31,0.03890
2008-08-31,0.03898
2008-09-30,0.04041
2008-10-31,0.04052
2008-11-30,0.03932
2008-12-31,0.03932
2009-01-31,0.03848
2009-02-28,0.03914
2009-03-31,0.03785
2009-04-30,0.04132
2009-05-31,0.04213
2009-06-30,0.04096
2009-07-31,0.04175
2009-08-31,0.04217
2009-09-30,0.03952
2009-10-31,0.03755
2009-11-30,0.03836
2009-12-31,0.03770
2010-01-31,0.03814
2010-02-28,0.03842
2010-03-31,0.03602
2010-04-30,0.03694
2010-05-31,0.03582
2010-06-30,0.03508
2010-07-31,0.03435
2010-08-31,0.03265
2010-09-30,0.03286
2010-10-31,0.03228
2010-11-30,0.03238
2010-12-31,0.03324
2011-01-31,0.03378
2011-02-28,0.03585
2011-03-31,0.03482
2011-04-30,0.03495
2011-05-31,0.03408
2011-06-30,0.03426
2011-07-31,0.03206
2011-08-31,0.03167
2011-09-30,0.03221
2011-10-31,0.03210
2011-11-30,0.03265
2011-12-31,0.03116
2012-01-31,0.03032
2012-02-29,0.03012
2012-03-31,0.02723
2012-04-30,0.02708
2012-05-31,0.02573
2012-06-30,0.02713
2012-07-31,0.02555
2012-08-31,0.02532
2012-09-30,0.02564
2012-10-31,0.02481
2012-11-20,0.00972
2012-11-30,0.02517
2012-12-31,0.02476
2013-01-31,0.02405
2013-02-28,0.02479
2013-03-31,0.02352
2013-04-30,0.02360
2013-05-31,0.02243
2013-06-30,0.02241
2013-07-31,0.02210
2013-08-31,0.02351
2013-09-30,0.02424
2013-10-31,0.02321
2013-11-30,0.02303
2013-12-31,0.02312
2014-01-31,0.02307
2014-02-28,0.02449
2014-03-31,0.02263
2014-04-30,0.02362
2014-05-31,0.02271
2014-06-30,0.02315
2014-07-31,0.02255
2014-08-31,0.02179
2014-09-30,0.02039
2014-10-31,0.02129
2014-11-30,0.02023
2014-12-31,0.01994
2015-01-31,0.01896
2015-02-28,0.02065
2015-03-31,0.01910
2015-04-30,0.01915
2015-05-31,0.01849
2015-06-30,0.01950
2015-07-31,0.01818
2015-08-31,0.02090
2015-09-30,0.01961
2015-10-31,0.01908
2015-11-30,0.01941
2015-12-31,0.01865
2016-01-31,0.01856
2016-02-29,0.02011
2016-03-31,0.01810
2016-04-30,0.01864
2016-05-31,0.01788
2016-06-30,0.01883
2016-07-31,0.01772
2016-08-31,0.01753
2016-09-30,0.01846
2016-10-31,0.01749
2016-11-30,0.01806
2016-12-31,0.01748
2017-01-31,0.01849
2017-02-28,0.01978
2017-03-31,0.01827
2017-04-30,0.01950
2017-05-31,0.01896
2017-06-30,0.01928
2017-07-31,0.01867
2017-08-31,0.01850
2017-09-30,0.01880
2017-10-31,0.01850
2017-11-30,0.01928
2017-12-31,0.01933
2018-01-31,0.01962
2018-02-28,0.02149
2018-03-31,0.01967
2018-04-30,0.02134
2018-05-31,0.01997
2018-06-30,0.02049
2018-07-31,0.01936
2018-08-31,0.01995
2018-09-30,0.02059
2018-10-31,0.02030
2018-11-30,0.02120
2018-12-31,0.02055
2019-01-31,0.02094
2019-02-28,0.02272
2019-03-31,0.02098
2019-04-30,0.02155
2019-05-31,0.02112
2019-06-30,0.02159
2019-07-31,0.02002
2019-08-31,0.01978
2019-09-30,0.01975
2019-10-31,0.01867
2019-11-30,0.01918
2019-12-31,0.01841
2020-01-31,0.01788
2020-02-29,0.02102
2020-03-31,0.02060
2020-04-30,0.01982
2020-05-31,0.01847
2020-06-30,0.01710
2020-07-31,0.01552
2020-08-31,0.01501
2020-09-30,0.01513
2020-10-31,0.01443
2020-11-30,0.01519
2020-12-31,0.01505
2021-01-31,0.01451
2021-02-28,0.01797
2021-03-31,0.01485
2021-04-30,0.01587
2021-05-31,0.01612
2021-06-30,0.01703
2021-07-31,0.01599
2021-08-31,0.01514
2021-09-30,0.01564
2021-10-31,0.01481
2021-11-30,0.01560
2021-12-31,0.01475
2022-01-31,0.01514
2022-02-28,0.01688
2022-03-31,0.01424
2022-04-30,0.01833
2022-05-31,0.01812
2022-06-30,0.01839
2022-07-31,0.01935
2022-08-31,0.02101
2022-09-30,0.02175
2022-10-31,0.02248
2022-11-30,0.02461
2022-12-31,0.02465
2023-01-31,0.02511
2023-02-28,0.02799
2023-03-31,0.02631
2023-04-30,0.02718
2023-05-31,0.02739
2023-06-30,0.02896
2023-07-31,0.02927
2023-08-31,0.02843
2023-09-30,0.03010
2023-10-31,0.03198
2023-11-30,0.03223
2023-12-31,0.03214
2024-01-31,0.03259
2024-02-29,0.03307
2024-03-31,0.03284
2024-04-30,0.03321
2024-05-31,0.03280
2024-06-30,0.03338
2024-07-31,0.03398
2024-08-31,0.03354
2024-09-30,0.03392
2024-10-31,0.03370
2024-11-30,0.03487

            Ex-Date, Payable Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
1997-01-31,854668800,0,0,0,0
1997-02-28,857088000,0,0,0,0
1997-03-31,859766400,0,0,0,0
1997-04-30,862358400,0.05018,0.05018,0,0
1997-05-30,865036800,0.05033,0.05033,0,0
1997-06-30,867628800,0.05046,0.05046,0,0
1997-07-31,870307200,0.05033,0.05033,0,0
1997-08-29,872985600,0.04972,0.04972,0,0
1997-09-30,875577600,0.04994,0.04994,0,0
1997-10-31,878256000,0.04965,0.04965,0,0
1997-11-28,880848000,0.04953,0.04953,0,0
1997-12-31,883526400,0.04951,0.04951,0,0
1998-01-30,886204800,0.04895,0.04895,0,0
1998-02-27,888624000,0.04955,0.04955,0,0
1998-03-31,891302400,0.04874,0.04874,0,0
1998-04-30,893894400,0.04895,0.04895,0,0
1998-05-29,896572800,0.04868,0.04868,0,0
1998-06-30,899164800,0.04899,0.04899,0,0
1998-07-31,901843200,0.04846,0.04846,0,0
1998-08-31,904521600,0.04881,0.04881,0,0
1998-09-30,907113600,0.04830,0.04830,0,0
1998-10-30,909792000,0.04802,0.04802,0,0
1998-11-30,912384000,0.04828,0.04828,0,0
1998-12-31,915062400,0.04758,0.04758,0,0
1999-01-29,917740800,0.04799,0.04799,0,0
1999-02-26,920160000,0.04907,0.04907,0,0
1999-03-31,922838400,0.04756,0.04756,0,0
1999-04-30,925430400,0.04754,0.04754,0,0
1999-05-28,928108800,0.04770,0.04770,0,0
1999-06-30,930700800,0.04775,0.04775,0,0
1999-07-30,933379200,0.04813,0.04813,0,0
1999-08-31,936057600,0.04775,0.04775,0,0
1999-09-30,938649600,0.04826,0.04826,0,0
1999-10-29,941328000,0.04809,0.04809,0,0
1999-11-30,943920000,0.04862,0.04862,0,0
1999-12-31,946598400,0.04815,0.04815,0,0
2000-01-31,949276800,0.04851,0.04851,0,0
2000-02-29,951782400,0.04889,0.04889,0,0
2000-03-31,954460800,0.04875,0.04875,0,0
2000-04-28,957052800,0.04924,0.04924,0,0
2000-05-31,959731200,0.04926,0.04926,0,0
2000-06-30,962323200,0.04978,0.04978,0,0
2000-07-31,965001600,0.04954,0.04954,0,0
2000-08-31,967680000,0.04937,0.04937,0,0
2000-09-29,970272000,0.04929,0.04929,0,0
2000-10-31,972950400,0.04939,0.04939,0,0
2000-11-30,975542400,0.04944,0.04944,0,0
2000-12-29,978220800,0.04919,0.04919,0,0
2001-01-31,980899200,0.04894,0.04894,0,0
2001-02-28,983318400,0.04866,0.04866,0,0
2001-03-30,985996800,0.04712,0.04712,0,0
2001-04-30,988588800,0.04877,0.04877,0,0
2001-05-31,991267200,0.04811,0.04811,0,0
2001-06-29,993859200,0.04801,0.04801,0,0
2001-07-31,996537600,0.04614,0.04614,0,0
2001-08-31,999216000,0.04455,0.04455,0,0
2001-09-28,1001808000,0.04468,0.04468,0,0
2001-10-31,1004486400,0.04230,0.04230,0,0
2001-11-30,1007078400,0.04264,0.04264,0,0
2001-12-31,1009756800,0.04184,0.04184,0,0
2002-01-31,1012435200,0.04267,0.04267,0,0
2002-02-28,1014854400,0.04202,0.04202,0,0
2002-03-28,1017532800,0.03967,0.03967,0,0
2002-04-30,1020124800,0.04044,0.04044,0,0
2002-05-31,1022803200,0.04119,0.04119,0,0
2002-06-28,1025395200,0.03996,0.03996,0,0
2002-07-31,1028073600,0.03810,0.03810,0,0
2002-08-30,1030752000,0.03715,0.03715,0,0
2002-09-30,1033344000,0.03715,0.03715,0,0
2002-10-31,1036022400,0.03658,0.03658,0,0
2002-11-29,1038614400,0.03752,0.03752,0,0
2002-12-31,1041292800,0.03582,0.03582,0,0
2003-01-31,1043971200,0.03489,0.03489,0,0
2003-02-28,1046390400,0.03528,0.03528,0,0
2003-03-31,1049068800,0.03277,0.03277,0,0
2003-04-30,1051660800,0.03208,0.03208,0,0
2003-05-30,1054339200,0.03361,0.03361,0,0
2003-06-30,1056931200,0.03367,0.03367,0,0
2003-07-31,1059609600,0.03109,0.03109,0,0
2003-08-29,1062288000,0.03252,0.03252,0,0
2003-09-30,1064880000,0.03227,0.03227,0,0
2003-10-31,1067558400,0.03114,0.03114,0,0
2003-11-28,1070150400,0.03211,0.03211,0,0
2003-12-31,1072828800,0.03271,0.03271,0,0
2004-01-30,1075507200,0.03305,0.03305,0,0
2004-02-27,1078012800,0.03449,0.03449,0,0
2004-03-31,1080691200,0.03294,0.03294,0,0
2004-04-30,1083283200,0.03267,0.03267,0,0
2004-05-28,1085961600,0.03266,0.03266,0,0
2004-06-30,1088553600,0.03312,0.03312,0,0
2004-07-30,1091232000,0.03099,0.03099,0,0
2004-08-31,1093910400,0.03092,0.03092,0,0
2004-09-30,1096502400,0.03164,0.03164,0,0
2004-10-29,1099180800,0.03113,0.03113,0,0
2004-11-30,1101772800,0.03223,0.03223,0,0
2004-12-31,1104451200,0.03179,0.03179,0,0
2005-01-31,1107129600,0.03166,0.03166,0,0
2005-02-28,1109548800,0.03410,0.03410,0,0
2005-03-31,1112227200,0.03254,0.03254,0,0
2005-04-29,1114819200,0.03365,0.03365,0,0
2005-05-31,1117497600,0.03304,0.03304,0,0
2005-06-30,1120089600,0.03441,0.03441,0,0
2005-07-29,1122768000,0.03372,0.03372,0,0
2005-08-31,1125446400,0.03431,0.03431,0,0
2005-09-30,1128038400,0.03503,0.03503,0,0
2005-10-31,1130716800,0.03434,0.03434,0,0
2005-11-30,1133308800,0.03564,0.03564,0,0
2005-12-30,1135987200,0.03674,0.03674,0,0
2006-01-31,1138665600,0.03665,0.03665,0,0
2006-02-28,1141084800,0.03624,0.03624,0,0
2006-03-31,1143763200,0.03703,0.03703,0,0
2006-04-28,1146355200,0.03785,0.03785,0,0
2006-05-31,1149033600,0.03738,0.03738,0,0
2006-06-30,1151625600,0.03760,0.03760,0,0
2006-07-31,1154304000,0.03808,0.03808,0,0
2006-08-31,1156982400,0.03811,0.03811,0,0
2006-09-29,1159574400,0.03910,0.03910,0,0
2006-10-31,1162252800,0.03821,0.03821,0,0
2006-11-30,1164844800,0.03884,0.03884,0,0
2006-12-29,1167523200,0.03864,0.03864,0,0
2007-01-31,1170201600,0.03877,0.03877,0,0
2007-02-28,1172620800,0.04007,0.04007,0,0
2007-03-30,1175299200,0.03884,0.03884,0,0
2007-04-30,1177891200,0.03970,0.03970,0,0
2007-05-31,1180569600,0.03966,0.03966,0,0
2007-06-29,1183161600,0.03994,0.03994,0,0
2007-07-31,1185840000,0.03919,0.03919,0,0
2007-08-31,1188518400,0.03944,0.03944,0,0
2007-09-28,1191110400,0.03980,0.03980,0,0
2007-10-31,1193788800,0.03891,0.03891,0,0
2007-11-30,1196380800,0.03893,0.03893,0,0
2007-12-31,1199059200,0.03845,0.03845,0,0
2008-01-31,1201737600,0.03746,0.03746,0,0
2008-02-29,1204243200,0.03953,0.03953,0,0
2008-03-31,1206921600,0.03927,0.03927,0,0
2008-04-30,1209513600,0.03899,0.03899,0,0
2008-05-30,1212192000,0.03866,0.03866,0,0
2008-06-30,1214784000,0.03758,0.03758,0,0
2008-07-31,1217462400,0.03890,0.03890,0,0
2008-08-29,1220140800,0.03898,0.03898,0,0
2008-09-30,1222732800,0.04041,0.04041,0,0
2008-10-31,1225411200,0.04052,0.04052,0,0
2008-11-28,1228003200,0.03932,0.03932,0,0
2008-12-31,1230681600,0.03932,0.03932,0,0
2009-01-30,1233360000,0.03848,0.03848,0,0
2009-02-27,1235779200,0.03914,0.03914,0,0
2009-03-31,1238457600,0.03785,0.03785,0,0
2009-04-30,1241049600,0.04132,0.04132,0,0
2009-05-29,1243728000,0.04213,0.04213,0,0
2009-06-30,1246320000,0.04096,0.04096,0,0
2009-07-31,1248998400,0.04175,0.04175,0,0
2009-08-31,1251676800,0.04217,0.04217,0,0
2009-09-30,1254268800,0.03952,0.03952,0,0
2009-10-30,1256947200,0.03755,0.03755,0,0
2009-11-30,1259539200,0.03836,0.03836,0,0
2009-12-31,1262217600,0.03770,0.03770,0,0
2010-01-29,1264896000,0.03814,0.03814,0,0
2010-02-26,1267315200,0.03842,0.03842,0,0
2010-03-31,1269993600,0.03602,0.03602,0,0
2010-04-30,1272585600,0.03694,0.03694,0,0
2010-05-28,1275264000,0.03582,0.03582,0,0
2010-06-30,1277856000,0.03508,0.03508,0,0
2010-07-30,1280534400,0.03435,0.03435,0,0
2010-08-31,1283212800,0.03265,0.03265,0,0
2010-09-30,1285804800,0.03286,0.03286,0,0
2010-10-29,1288483200,0.03228,0.03228,0,0
2010-11-30,1291075200,0.03238,0.03238,0,0
2010-12-31,1293753600,0.03324,0.03324,0,0
2011-01-31,1296432000,0.03378,0.03378,0,0
2011-02-28,1298851200,0.03585,0.03585,0,0
2011-03-31,1301529600,0.03482,0.03482,0,0
2011-04-29,1304121600,0.03495,0.03495,0,0
2011-05-31,1306800000,0.03408,0.03408,0,0
2011-06-30,1309392000,0.03426,0.03426,0,0
2011-07-29,1312070400,0.03206,0.03206,0,0
2011-08-31,1314748800,0.03167,0.03167,0,0
2011-09-30,1317340800,0.03221,0.03221,0,0
2011-10-31,1320019200,0.03210,0.03210,0,0
2011-11-30,1322611200,0.03265,0.03265,0,0
2011-12-30,1325289600,0.03116,0.03116,0,0
2012-01-31,1327968000,0.03032,0.03032,0,0
2012-02-29,1330473600,0.03012,0.03012,0,0
2012-03-30,1333152000,0.02723,0.02723,0,0
2012-04-30,1335744000,0.02708,0.02708,0,0
2012-05-31,1338422400,0.02573,0.02573,0,0
2012-06-29,1341014400,0.02713,0.02713,0,0
2012-07-31,1343692800,0.02555,0.02555,0,0
2012-08-31,1346371200,0.02532,0.02532,0,0
2012-09-28,1348963200,0.02564,0.02564,0,0
2012-10-31,1351641600,0.02481,0.02481,0,0
2012-11-20,1353369600,0.00972,0,0.00000,0.00972
2012-11-30,1354233600,0.02517,0.02517,0,0
2012-12-31,1356912000,0.02476,0.02476,0,0
2013-01-31,1359590400,0.02405,0.02405,0,0
2013-02-28,1362009600,0.02479,0.02479,0,0
2013-03-28,1364688000,0.02352,0.02352,0,0
2013-04-30,1367280000,0.02360,0.02360,0,0
2013-05-31,1369958400,0.02243,0.02243,0,0
2013-06-28,1372550400,0.02241,0.02241,0,0
2013-07-31,1375228800,0.02210,0.02210,0,0
2013-08-30,1377907200,0.02351,0.02351,0,0
2013-09-30,1380499200,0.02424,0.02424,0,0
2013-10-31,1383177600,0.02321,0.02321,0,0
2013-11-29,1385769600,0.02303,0.02303,0,0
2013-12-31,1388448000,0.02312,0.02312,0,0
2014-01-31,1391126400,0.02307,0.02307,0,0
2014-02-28,1393545600,0.02449,0.02449,0,0
2014-03-31,1396224000,0.02263,0.02263,0,0
2014-04-30,1398816000,0.02362,0.02362,0,0
2014-05-30,1401494400,0.02271,0.02271,0,0
2014-06-30,1404086400,0.02315,0.02315,0,0
2014-07-31,1406764800,0.02255,0.02255,0,0
2014-08-29,1409443200,0.02179,0.02179,0,0
2014-09-30,1412035200,0.02039,0.02039,0,0
2014-10-31,1414713600,0.02129,0.02129,0,0
2014-11-28,1417305600,0.02023,0.02023,0,0
2014-12-31,1419984000,0.01994,0.01994,0,0
2015-01-30,1422662400,0.01896,0.01896,0,0
2015-02-27,1425081600,0.02065,0.02065,0,0
2015-03-31,1427760000,0.01910,0.01910,0,0
2015-04-30,1430352000,0.01915,0.01915,0,0
2015-05-29,1433030400,0.01849,0.01849,0,0
2015-06-30,1435622400,0.01950,0.01950,0,0
2015-07-31,1438300800,0.01818,0.01818,0,0
2015-08-31,1440979200,0.02090,0.02090,0,0
2015-09-30,1443571200,0.01961,0.01961,0,0
2015-10-30,1446249600,0.01908,0.01908,0,0
2015-11-30,1448841600,0.01941,0.01941,0,0
2015-12-31,1451520000,0.01865,0.01865,0,0
2016-01-29,1454198400,0.01856,0.01856,0,0
2016-02-29,1456704000,0.02011,0.02011,0,0
2016-03-31,1459382400,0.01810,0.01810,0,0
2016-04-29,1461974400,0.01864,0.01864,0,0
2016-05-31,1464652800,0.01788,0.01788,0,0
2016-06-30,1467244800,0.01883,0.01883,0,0
2016-07-29,1469923200,0.01772,0.01772,0,0
2016-08-31,1472601600,0.01753,0.01753,0,0
2016-09-30,1475193600,0.01846,0.01846,0,0
2016-10-31,1477872000,0.01749,0.01749,0,0
2016-11-30,1480464000,0.01806,0.01806,0,0
2016-12-30,1483142400,0.01748,0.01748,0,0
2017-01-31,1485820800,0.01849,0.01849,0,0
2017-02-28,1488240000,0.01978,0.01978,0,0
2017-03-31,1490918400,0.01827,0.01827,0,0
2017-04-28,1493510400,0.01950,0.01950,0,0
2017-05-31,1496188800,0.01896,0.01896,0,0
2017-06-30,1498780800,0.01928,0.01928,0,0
2017-07-31,1501459200,0.01867,0.01867,0,0
2017-08-31,1504137600,0.01850,0.01850,0,0
2017-09-29,1506729600,0.01880,0.01880,0,0
2017-10-31,1509408000,0.01850,0.01850,0,0
2017-11-30,1512000000,0.01928,0.01928,0,0
2017-12-29,1514678400,0.01933,0.01933,0,0
2018-01-31,1517356800,0.01962,0.01962,0,0
2018-02-28,1519776000,0.02149,0.02149,0,0
2018-03-29,1522454400,0.01967,0.01967,0,0
2018-04-30,1525046400,0.02134,0.02134,0,0
2018-05-31,1527724800,0.01997,0.01997,0,0
2018-06-29,1530316800,0.02049,0.02049,0,0
2018-07-31,1532995200,0.01936,0.01936,0,0
2018-08-31,1535673600,0.01995,0.01995,0,0
2018-09-28,1538265600,0.02059,0.02059,0,0
2018-10-31,1540944000,0.02030,0.02030,0,0
2018-11-30,1543536000,0.02120,0.02120,0,0
2018-12-31,1546214400,0.02055,0.02055,0,0
2019-01-31,1548892800,0.02094,0.02094,0,0
2019-02-28,1551312000,0.02272,0.02272,0,0
2019-03-29,1553990400,0.02098,0.02098,0,0
2019-04-30,1556582400,0.02155,0.02155,0,0
2019-05-31,1559260800,0.02112,0.02112,0,0
2019-06-28,1561852800,0.02159,0.02159,0,0
2019-07-31,1564531200,0.02002,0.02002,0,0
2019-08-31,1567209600,0.01978,0.01978,0,0
2019-09-30,1569801600,0.01975,0.01975,0,0
2019-10-31,1572480000,0.01867,0.01867,0,0
2019-11-30,1575072000,0.01918,0.01918,0,0
2019-12-31,1577750400,0.01841,0.01841,0,0
2020-01-31,1580428800,0.01788,0.01788,0,0
2020-02-29,1582934400,0.02102,0.02102,0,0
2020-03-31,1585612800,0.02060,0.02060,0,0
2020-04-30,1588204800,0.01982,0.01982,0,0
2020-05-31,1590883200,0.01847,0.01847,0,0
2020-06-30,1593475200,0.01710,0.01710,0,0
2020-07-31,1596153600,0.01552,0.01552,0,0
2020-08-31,1598832000,0.01501,0.01501,0,0
2020-09-30,1601424000,0.01513,0.01513,0,0
2020-10-30,1604102400,0.01443,0.01443,0,0
2020-11-30,1606694400,0.01519,0.01519,0,0
2020-12-31,1609372800,0.01505,0.01505,0,0
2021-01-29,1612051200,0.01451,0.01451,0,0
2021-02-26,1614470400,0.01797,0.01797,0,0
2021-03-31,1617148800,0.01485,0.01485,0,0
2021-04-30,1619740800,0.01587,0.01587,0,0
2021-05-28,1622419200,0.01612,0.01612,0,0
2021-06-30,1625011200,0.01703,0.01703,0,0
2021-07-30,1627689600,0.01599,0.01599,0,0
2021-08-31,1630368000,0.01514,0.01514,0,0
2021-09-30,1632960000,0.01564,0.01564,0,0
2021-10-29,1635638400,0.01481,0.01481,0,0
2021-11-30,1638230400,0.01560,0.01560,0,0
2021-12-31,1640908800,0.01475,0.01475,0,0
2022-01-31,1643587200,0.01514,0.01514,0,0
2022-02-28,1646006400,0.01688,0.01688,0,0
2022-03-31,1648684800,0.01424,0.01424,0,0
2022-04-29,1651276800,0.01833,0.01833,0,0
2022-05-31,1653955200,0.01812,0.01812,0,0
2022-06-30,1656547200,0.01839,0.01839,0,0
2022-07-29,1659225600,0.01935,0.01935,0,0
2022-08-31,1661904000,0.02101,0.02101,0,0
2022-09-30,1664496000,0.02175,0.02175,0,0
2022-10-31,1667174400,0.02248,0.02248,0,0
2022-11-30,1669766400,0.02461,0.02461,0,0
2022-12-30,1672444800,0.02465,0.02465,0,0
2023-01-31,1675123200,0.02511,0.02511,0,0
2023-02-28,1677542400,0.02799,0.02799,0,0
2023-03-31,1680220800,0.02631,0.02631,0,0
2023-04-28,1682812800,0.02718,0.02718,0,0
2023-05-31,1685491200,0.02739,0.02739,0,0
2023-06-30,1688083200,0.02896,0.02896,0,0
2023-07-31,1690761600,0.02927,0.02927,0,0
2023-08-31,1693440000,0.02843,0.02843,0,0
2023-09-29,1696032000,0.03010,0.03010,0,0
2023-10-31,1698710400,0.03198,0.03198,0,0
2023-11-30,1701302400,0.03223,0.03223,0,0
2023-12-29,1703980800,0.03214,0.03214,0,0
2024-01-31,1706659200,0.03259,0.03259,0,0
2024-02-29,1709164800,0.03307,0.03307,0,0
2024-03-28,1711843200,0.03284,0.03284,0,0
2024-04-30,1714435200,0.03321,0.03321,0,0
2024-05-31,1717113600,0.03280,0.03280,0,0
2024-06-28,1719705600,0.03338,0.03338,0,0
2024-07-31,1722384000,0.03398,0.03398,0,0
2024-08-30,1725062400,0.03354,0.03354,0,0
2024-09-30,1727654400,0.03392,0.03392,0,0
2024-10-31,1730332800,0.03370,0.03370,0,0
2024-11-29,1732924800,0.03487,0.03487,0,0

Distributions

(As of 29 Nov 2024)

Ex-Date

Payable Date

Total ($)

Income ($)

ST Cap Gains ($)

LT Cap Gains ($)

31 Jan 1997

—

28 Feb 1997

—

31 Mar 1997

—

30 Apr 1997

0.05018

—

30 May 1997

31 May 1997

0.05033

—

30 Jun 1997

0.05046

—

31 Jul 1997

0.05033

—

29 Aug 1997

31 Aug 1997

0.04972

—

30 Sep 1997

0.04994

—

31 Oct 1997

0.04965

—

28 Nov 1997

30 Nov 1997

0.04953

—

31 Dec 1997

0.04951

—

30 Jan 1998

31 Jan 1998

0.04895

—

27 Feb 1998

28 Feb 1998

0.04955

—

31 Mar 1998

0.04874

—

30 Apr 1998

0.04895

—

29 May 1998

31 May 1998

0.04868

—

30 Jun 1998

0.04899

—

31 Jul 1998

0.04846

—

31 Aug 1998

0.04881

—

30 Sep 1998

0.04830

—

30 Oct 1998

31 Oct 1998

0.04802

—

30 Nov 1998

0.04828

—

31 Dec 1998

0.04758

—

29 Jan 1999

31 Jan 1999

0.04799

—

26 Feb 1999

28 Feb 1999

0.04907

—

31 Mar 1999

0.04756

—

30 Apr 1999

0.04754

—

28 May 1999

31 May 1999

0.04770

—

30 Jun 1999

0.04775

—

30 Jul 1999

31 Jul 1999

0.04813

—

31 Aug 1999

0.04775

—

30 Sep 1999

0.04826

—

29 Oct 1999

31 Oct 1999

0.04809

—

30 Nov 1999

0.04862

—

31 Dec 1999

0.04815

—

31 Jan 2000

0.04851

—

29 Feb 2000

0.04889

—

31 Mar 2000

0.04875

—

28 Apr 2000

30 Apr 2000

0.04924

—

31 May 2000

0.04926

—

30 Jun 2000

0.04978

—

31 Jul 2000

0.04954

—

31 Aug 2000

0.04937

—

29 Sep 2000

30 Sep 2000

0.04929

—

31 Oct 2000

0.04939

—

30 Nov 2000

0.04944

—

29 Dec 2000

31 Dec 2000

0.04919

—

31 Jan 2001

0.04894

—

28 Feb 2001

0.04866

—

30 Mar 2001

31 Mar 2001

0.04712

—

30 Apr 2001

0.04877

—

31 May 2001

0.04811

—

29 Jun 2001

30 Jun 2001

0.04801

—

31 Jul 2001

0.04614

—

31 Aug 2001

0.04455

—

28 Sep 2001

30 Sep 2001

0.04468

—

31 Oct 2001

0.04230

—

30 Nov 2001

0.04264

—

31 Dec 2001

0.04184

—

31 Jan 2002

0.04267

—

28 Feb 2002

0.04202

—

28 Mar 2002

31 Mar 2002

0.03967

—

30 Apr 2002

0.04044

—

31 May 2002

0.04119

—

28 Jun 2002

30 Jun 2002

0.03996

—

31 Jul 2002

0.03810

—

30 Aug 2002

31 Aug 2002

0.03715

—

30 Sep 2002

0.03715

—

31 Oct 2002

0.03658

—

29 Nov 2002

30 Nov 2002

0.03752

—

31 Dec 2002

0.03582

—

31 Jan 2003

0.03489

—

28 Feb 2003

0.03528

—

31 Mar 2003

0.03277

—

30 Apr 2003

0.03208

—

30 May 2003

31 May 2003

0.03361

—

30 Jun 2003

0.03367

—

31 Jul 2003

0.03109

—

29 Aug 2003

31 Aug 2003

0.03252

—

30 Sep 2003

0.03227

—

31 Oct 2003

0.03114

—

28 Nov 2003

30 Nov 2003

0.03211

—

31 Dec 2003

0.03271

—

30 Jan 2004

31 Jan 2004

0.03305

—

27 Feb 2004

29 Feb 2004

0.03449

—

31 Mar 2004

0.03294

—

30 Apr 2004

0.03267

—

28 May 2004

31 May 2004

0.03266

—

30 Jun 2004

0.03312

—

30 Jul 2004

31 Jul 2004

0.03099

—

31 Aug 2004

0.03092

—

30 Sep 2004

0.03164

—

29 Oct 2004

31 Oct 2004

0.03113

—

30 Nov 2004

0.03223

—

31 Dec 2004

0.03179

—

31 Jan 2005

0.03166

—

28 Feb 2005

0.03410

—

31 Mar 2005

0.03254

—

29 Apr 2005

30 Apr 2005

0.03365

—

31 May 2005

0.03304

—

30 Jun 2005

0.03441

—

29 Jul 2005

31 Jul 2005

0.03372

—

31 Aug 2005

0.03431

—

30 Sep 2005

0.03503

—

31 Oct 2005

0.03434

—

30 Nov 2005

0.03564

—

30 Dec 2005

31 Dec 2005

0.03674

—

31 Jan 2006

0.03665

—

28 Feb 2006

0.03624

—

31 Mar 2006

0.03703

—

28 Apr 2006

30 Apr 2006

0.03785

—

31 May 2006

0.03738

—

30 Jun 2006

0.03760

—

31 Jul 2006

0.03808

—

31 Aug 2006

0.03811

—

29 Sep 2006

30 Sep 2006

0.03910

—

31 Oct 2006

0.03821

—

30 Nov 2006

0.03884

—

29 Dec 2006

31 Dec 2006

0.03864

—

31 Jan 2007

0.03877

—

28 Feb 2007

0.04007

—

30 Mar 2007

31 Mar 2007

0.03884

—

30 Apr 2007

0.03970

—

31 May 2007

0.03966

—

29 Jun 2007

30 Jun 2007

0.03994

—

31 Jul 2007

0.03919

—

31 Aug 2007

0.03944

—

28 Sep 2007

30 Sep 2007

0.03980

—

31 Oct 2007

0.03891

—

30 Nov 2007

0.03893

—

31 Dec 2007

0.03845

—

31 Jan 2008

0.03746

—

29 Feb 2008

0.03953

—

31 Mar 2008

0.03927

—

30 Apr 2008

0.03899

—

30 May 2008

31 May 2008

0.03866

—

30 Jun 2008

0.03758

—

31 Jul 2008

0.03890

—

29 Aug 2008

31 Aug 2008

0.03898

—

30 Sep 2008

0.04041

—

31 Oct 2008

0.04052

—

28 Nov 2008

30 Nov 2008

0.03932

—

31 Dec 2008

0.03932

—

30 Jan 2009

31 Jan 2009

0.03848

—

27 Feb 2009

28 Feb 2009

0.03914

—

31 Mar 2009

0.03785

—

30 Apr 2009

0.04132

—

29 May 2009

31 May 2009

0.04213

—

30 Jun 2009

0.04096

—

31 Jul 2009

0.04175

—

31 Aug 2009

0.04217

—

30 Sep 2009

0.03952

—

30 Oct 2009

31 Oct 2009

0.03755

—

30 Nov 2009

0.03836

—

31 Dec 2009

0.03770

—

29 Jan 2010

31 Jan 2010

0.03814

—

26 Feb 2010

28 Feb 2010

0.03842

—

31 Mar 2010

0.03602

—

30 Apr 2010

0.03694

—

28 May 2010

31 May 2010

0.03582

—

30 Jun 2010

0.03508

—

30 Jul 2010

31 Jul 2010

0.03435

—

31 Aug 2010

0.03265

—

30 Sep 2010

0.03286

—

29 Oct 2010

31 Oct 2010

0.03228

—

30 Nov 2010

0.03238

—

31 Dec 2010

0.03324

—

31 Jan 2011

0.03378

—

28 Feb 2011

0.03585

—

31 Mar 2011

0.03482

—

29 Apr 2011

30 Apr 2011

0.03495

—

31 May 2011

0.03408

—

30 Jun 2011

0.03426

—

29 Jul 2011

31 Jul 2011

0.03206

—

31 Aug 2011

0.03167

—

30 Sep 2011

0.03221

—

31 Oct 2011

0.03210

—

30 Nov 2011

0.03265

—

30 Dec 2011

31 Dec 2011

0.03116

—

31 Jan 2012

0.03032

—

29 Feb 2012

0.03012

—

30 Mar 2012

31 Mar 2012

0.02723

—

30 Apr 2012

0.02708

—

31 May 2012

0.02573

—

29 Jun 2012

30 Jun 2012

0.02713

—

31 Jul 2012

0.02555

—

31 Aug 2012

0.02532

—

28 Sep 2012

30 Sep 2012

0.02564

—

31 Oct 2012

0.02481

—

20 Nov 2012

0.00972

—

0.00000

0.00972

30 Nov 2012

0.02517

—

31 Dec 2012

0.02476

—

31 Jan 2013

0.02405

—

28 Feb 2013

0.02479

—

28 Mar 2013

31 Mar 2013

0.02352

—

30 Apr 2013

0.02360

—

31 May 2013

0.02243

—

28 Jun 2013

30 Jun 2013

0.02241

—

31 Jul 2013

0.02210

—

30 Aug 2013

31 Aug 2013

0.02351

—

30 Sep 2013

0.02424

—

31 Oct 2013

0.02321

—

29 Nov 2013

30 Nov 2013

0.02303

—

31 Dec 2013

0.02312

—

31 Jan 2014

0.02307

—

28 Feb 2014

0.02449

—

31 Mar 2014

0.02263

—

30 Apr 2014

0.02362

—

30 May 2014

31 May 2014

0.02271

—

30 Jun 2014

0.02315

—

31 Jul 2014

0.02255

—

29 Aug 2014

31 Aug 2014

0.02179

—

30 Sep 2014

0.02039

—

31 Oct 2014

0.02129

—

28 Nov 2014

30 Nov 2014

0.02023

—

31 Dec 2014

0.01994

—

30 Jan 2015

31 Jan 2015

0.01896

—

27 Feb 2015

28 Feb 2015

0.02065

—

31 Mar 2015

0.01910

—

30 Apr 2015

0.01915

—

29 May 2015

31 May 2015

0.01849

—

30 Jun 2015

0.01950

—

31 Jul 2015

0.01818

—

31 Aug 2015

0.02090

—

30 Sep 2015

0.01961

—

30 Oct 2015

31 Oct 2015

0.01908

—

30 Nov 2015

0.01941

—

31 Dec 2015

0.01865

—

29 Jan 2016

31 Jan 2016

0.01856

—

29 Feb 2016

0.02011

—

31 Mar 2016

0.01810

—

29 Apr 2016

30 Apr 2016

0.01864

—

31 May 2016

0.01788

—

30 Jun 2016

0.01883

—

29 Jul 2016

31 Jul 2016

0.01772

—

31 Aug 2016

0.01753

—

30 Sep 2016

0.01846

—

31 Oct 2016

0.01749

—

30 Nov 2016

0.01806

—

30 Dec 2016

31 Dec 2016

0.01748

—

31 Jan 2017

0.01849

—

28 Feb 2017

0.01978

—

31 Mar 2017

0.01827

—

28 Apr 2017

30 Apr 2017

0.01950

—

31 May 2017

0.01896

—

30 Jun 2017

0.01928

—

31 Jul 2017

0.01867

—

31 Aug 2017

0.01850

—

29 Sep 2017

30 Sep 2017

0.01880

—

31 Oct 2017

0.01850

—

30 Nov 2017

0.01928

—

29 Dec 2017

31 Dec 2017

0.01933

—

31 Jan 2018

0.01962

—

28 Feb 2018

0.02149

—

29 Mar 2018

31 Mar 2018

0.01967

—

30 Apr 2018

0.02134

—

31 May 2018

0.01997

—

29 Jun 2018

30 Jun 2018

0.02049

—

31 Jul 2018

0.01936

—

31 Aug 2018

0.01995

—

28 Sep 2018

30 Sep 2018

0.02059

—

31 Oct 2018

0.02030

—

30 Nov 2018

0.02120

—

31 Dec 2018

0.02055

—

31 Jan 2019

0.02094

—

28 Feb 2019

0.02272

—

29 Mar 2019

31 Mar 2019

0.02098

—

30 Apr 2019

0.02155

—

31 May 2019

0.02112

—

28 Jun 2019

30 Jun 2019

0.02159

—

31 Jul 2019

0.02002

—

31 Aug 2019

0.01978

—

30 Sep 2019

0.01975

—

31 Oct 2019

0.01867

—

30 Nov 2019

0.01918

—

31 Dec 2019

0.01841

—

31 Jan 2020

0.01788

—

29 Feb 2020

0.02102

—

31 Mar 2020

0.02060

—

30 Apr 2020

0.01982

—

31 May 2020

0.01847

—

30 Jun 2020

0.01710

—

31 Jul 2020

0.01552

—

31 Aug 2020

0.01501

—

30 Sep 2020

0.01513

—

30 Oct 2020

31 Oct 2020

0.01443

—

30 Nov 2020

0.01519

—

31 Dec 2020

0.01505

—

29 Jan 2021

31 Jan 2021

0.01451

—

26 Feb 2021

28 Feb 2021

0.01797

—

31 Mar 2021

0.01485

—

30 Apr 2021

0.01587

—

28 May 2021

31 May 2021

0.01612

—

30 Jun 2021

0.01703

—

30 Jul 2021

31 Jul 2021

0.01599

—

31 Aug 2021

0.01514

—

30 Sep 2021

0.01564

—

29 Oct 2021

31 Oct 2021

0.01481

—

30 Nov 2021

0.01560

—

31 Dec 2021

0.01475

—

31 Jan 2022

0.01514

—

28 Feb 2022

0.01688

—

31 Mar 2022

0.01424

—

29 Apr 2022

30 Apr 2022

0.01833

—

31 May 2022

0.01812

—

30 Jun 2022

0.01839

—

29 Jul 2022

31 Jul 2022

0.01935

—

31 Aug 2022

0.02101

—

30 Sep 2022

0.02175

—

31 Oct 2022

0.02248

—

30 Nov 2022

0.02461

—

30 Dec 2022

31 Dec 2022

0.02465

—

31 Jan 2023

0.02511

—

28 Feb 2023

0.02799

—

31 Mar 2023

0.02631

—

28 Apr 2023

30 Apr 2023

0.02718

—

31 May 2023

0.02739

—

30 Jun 2023

0.02896

—

31 Jul 2023

0.02927

—

31 Aug 2023

0.02843

—

29 Sep 2023

30 Sep 2023

0.03010

—

31 Oct 2023

0.03198

—

30 Nov 2023

0.03223

—

29 Dec 2023

31 Dec 2023

0.03214

—

31 Jan 2024

0.03259

—

29 Feb 2024

0.03307

—

28 Mar 2024

31 Mar 2024

0.03284

—

30 Apr 2024

0.03321

—

31 May 2024

0.03280

—

28 Jun 2024

30 Jun 2024

0.03338

—

31 Jul 2024

0.03398

—

30 Aug 2024

31 Aug 2024

0.03354

—

30 Sep 2024

0.03392

—

31 Oct 2024

0.03370

—

29 Nov 2024

30 Nov 2024

0.03487

—

Fund Facts

(As of 30 Nov 2024)

Net Fund Assets

$270.7 M

Benchmark

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

Morningstar Category

Muni Single State Short

Fund Symbol

LTCIX

Share Class

Share Class Inception Date

1 Apr 1997

Number of Holdings

188

Portfolio Turnover

46%

Distribution Frequency

Monthly

30-Day SEC Yield (Subsidized)

2.93%

30-Day SEC Yield (Unsubsidized)

2.70%

Annualized Distribution Yield

3.23%

Characteristics

Portfolio

(As of 30 Nov 2024)

Portfolio

Benchmark

Effective Duration

3.8 Yrs

3.7 Yrs

Average Effective Maturity

5.1 Yrs

5.0 Yrs

Weighted Average Coupon

4.4%

4.6%

Portfolio

Benchmark

Yield to Worst

3.3%

3.0%

Subject to Alternative Minimum Tax

22.3%

—

Risk & Return Profile

(As of 30 Nov 2024)

10y

Annualized Alpha (%)

0.34

-0.08

-0.22

Standard Deviation (%)

3.90

3.32

2.72

Sharpe Ratio

-0.79

-0.47

-0.19

Up Capture (%)

84.87

78.76

79.43

Down Capture (%)

79.55

80.00

84.60

Past performance does not guarantee future results.

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

Portfolio

Top Holdings

(As of 31 Oct 2024)

Name

Ticker/Symbol

Weight %

California Community Choice Financing Authority

13013JDB9

2.8

City of Los Angeles Department of Airports

544445R84

2.2

Bay Area Toll Authority

072024UJ9

2.0

California Community Choice Financing Authority

13013JFD3

2.0

California Community Choice Financing Authority

13013JCM6

2.0

Poway Redevelopment Agency Successor Agency

738798AN7

1.8

California Community Choice Financing Authority

13013JAP1

1.7

California Health Facilities Financing Authority

13032UUW6

1.7

California State University

13077DSZ6

1.6

California Housing Finance Agency

13032WCF9

1.5

Download Holdings

Portfolio holdings are subject to change daily.

Exposure Breakdown

(As of 30 Nov 2024)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

Airport

13.5

3.3

Multi Family Mortgage

11.9

2.7

Prepaid Utility

10.9

—

Industrial Development/Pollution Control

10.7

—

Incremental Tax

7.7

—

Hospital

5.8

5.6

Local General Obligation

4.5

10.4

Special Tax

3.5

—

Appropriation

3.3

4.1

Student Housing

3.2

—

Cash & Cash Equivalents

0.0

—

Sector Allocation

Fund (%)

Airport

13.5

Multi Family Mortgage

11.9

Prepaid Utility

10.9

Industrial Development/Pollution Control

10.7

Incremental Tax

7.7

Hospital

5.8

Local General Obligation

4.5

Special Tax

3.5

Appropriation

3.3

Student Housing

3.2

Cash & Cash Equivalents

0.0

Credit Quality

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

AAA

15.7

14.8

52.6

55.6

22.3

25.5

BBB

8.6

4.1

Not Rated

0.8

—

Credit Quality

Fund (%)

AAA

15.7

52.6

22.3

BBB

8.6

Not Rated

0.8

Maturity

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

Year 1

17.7

2.0

Year 2

11.5

14.0

Year 3

4.4

13.0

Year 4

7.1

12.0

Year 5

7.0

11.0

Year 6

5.3

10.9

Year 7

9.8

10.5

Year 8

13.5

11.0

Year 9

14.7

9.0

Year 10+

8.9

7.4

Cash

0.0

—

Maturity

Fund (%)

Year 1

17.7

Year 2

11.5

Year 3

4.4

Year 4

7.1

Year 5

7.0

Year 6

5.3

Year 7

9.8

Year 8

13.5

Year 9

14.7

Year 10+

8.9

Cash

0.0

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

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

Portfolio Managers

David Ashley, CFA

Portfolio Manager and Managing Director

David Ashley is portfolio manager for Thornburg Investment Management. He joined Thornburg as associate portfolio manager in 2011 and was named portfolio manager in 2019. Dave earned a BS in finance and MBA from the University of Delaware in 2001. He is also a CFA charterholder. Prior to joining Thornburg Investment Management, Dave was a credit analyst for Wilmington Trust…

Learn More

John Bonnell, CFA

Portfolio Manager and Managing Director

John Bonnell, CFA, is portfolio manager and managing director for Thornburg Investment Management. He joined Thornburg’s municipal team in 2021. John has over 30 years of municipal bond investing experience. He spent 25 years of his career at USAA where he was most recently a senior portfolio manager and, in 2010, took on responsibility for co-leading municipal bond strategies. Earlier…

Learn More

Eve Lando, JD

Portfolio Manager and Managing Director

Eve Lando is portfolio manager for Thornburg Investment Management. She joined Thornburg's municipal team in 2019 as associate portfolio manager and was named portfolio manager in 2020. Eve holds a BA in urban studies from Columbia University and a JD from Brooklyn Law School, with a concentration in business law studies. She has extensive experience in municipal bond research and…

Learn More

Literature

Fact Sheet

Commentary

Summary Prospectus

Annual Financial Statements

Semi-annual report

Prospectus

Statement of Additional Information (SAI)

Annual TSR

Important Information

This communication is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

Investments carry risks, including possible loss of principal. Portfolios investing in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds. The value of bonds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. Unlike bonds, bond funds have ongoing fees and expenses. Investments in the Fund are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.

A bond credit rating assesses the financial ability of a debt issuer to make timely payments of principal and interest. Ratings of AAA (the highest), AA, A, and BBB are investment-grade quality. Ratings of BB, B, CCC, CC, C and D (the lowest) are considered below investment grade, speculative grade, or junk bonds.

Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment losses.

Income earned from municipal bonds is exempt from regular federal and in some cases, state and local income tax. Income may be subject to the alternative minimum tax (AMT).

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

Class I shares may not be available to all investors. Minimum investments for the I share class may be higher than those for other classes.

There is no guarantee that the Fund will meet its investment objectives.

To determine a fund's Morningstar Rating™, funds and other managed products with at least a three-year history are ranked in their categories by their Morningstar Risk-Adjusted Return scores. The top 10% receive 5 stars; the next 22.5%, 4 stars; the middle 35%, 3 stars; the next 22.5%, 2 stars; and the bottom 10% receive 1 star. The Risk-Adjusted Return accounts for variation in a managed product's monthly excess performance (excluding sales charges), placing more emphasis on downward variations and rewarding consistent performance. Other share classes may have different performance characteristics.

© 2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Please see our glossary for a definition of terms.

Thornburg mutual funds are distributed by Thornburg Securities LLC.

Thornburg Investment Management, Inc. mutual funds are sold through investment professionals including investment advisors, brokerage firms, bank trust departments, trust companies and certain other financial intermediaries. Thornburg Securities LLC (TSL) does not act as broker of record for investors.

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Thornburg California Limited Term Municipal Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

David Ashley, CFA

John Bonnell, CFA

Eve Lando, JD

Literature

Important Information

More Insights

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The Value of Dividends and Munis to Stoke Income

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Thornburg California Limited Term Municipal Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

David Ashley, CFA

John Bonnell, CFA

Eve Lando, JD

Literature

Important Information

More Insights

State of Mass Public Transit: Moving Forward or Spinning Its Wheels?

The Decline of US Treasuries? What Treasury Auctions Reveal

Restructuring and Refinancing Opportunities in Commercial Real Estate

Forget the Magnificent 7 – Why You Should Invest in Europe’s Fantastic 5

Value vs. Growth: Does Another Fed Hike Matter?

The Value of Dividends and Munis to Stoke Income