Thornburg Limited Term U.S. Government Fund

SYMBOL: LTURX

Morningstar Rating • Info

Overall Morningstar Rating among 77 Short Government funds, based on risk-adjusted returns for class R3 shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 1 star, 1 star and 2 stars among 77, 75 and 66 funds, as of 31 Dec 2022.

As of 31 Dec 2022

Fund Assets

$207.6 M

As of 31 Dec 2022

NAV

$11.96

As of 27 Jan 2023

Change

$-0.01

As of 27 Jan 2023

YTD NAV Performance

2.06%

As of 27 Jan 2023

Asset Category:

Global Fixed Income

Fund Benchmark:

BBG US Govt Int TR Value

Portfolio Managers

Lon Erickson, CFA

Portfolio Manager and Managing Director

Jeff Klingelhofer, CFA

Co-Head of Investments and Managing Director

Jason Brady, CFA

President and CEO

Overview Performance Fund Facts Characteristics Portfolio Portfolio Managers Literature

Overview

Why Invest in This Fund?

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

Investment Objective

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

Investment Approach

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

Returns

(As of 31 Dec 2022)

YTD

10y

Inception

Total Return (%)

-8.01

-2.22

-0.51

-0.06

3.89

BBG US Govt Int TR Value (%)

-7.73

-1.38

0.46

0.69

4.72

Morningstar Category Avg. (%)

-5.15

-1.05

0.29

0.32

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return (%)

-8.01

-2.22

-0.51

-0.06

3.89

BBG US Govt Int TR Value (%)

-7.73

-1.38

0.46

0.69

4.72

Morningstar Category Avg. (%)

-5.15

-1.05

0.29

0.32

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return (%)

-8.01

-6.50

-2.51

-0.61

282.18

BBG US Govt Int TR Value (%)

-7.73

-4.09

2.34

7.14

405.77

YTD

10y

Inception

Total Return (%)

-8.01

-6.50

-2.51

-0.61

282.18

BBG US Govt Int TR Value (%)

-7.73

-4.09

2.34

7.14

405.77

2017

2018

2019

2020

2021

2022

Total Return (%)

0.56

0.73

3.52

3.66

-1.94

-8.01

BBG US Govt Int TR Value (%)

1.14

1.43

5.20

5.73

-1.69

-7.73

Source: Confluence

Periods less than one year are not annualized.

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

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

Morningstar quartile ranking for Short Government category is based on total returns before sales charges for 1-, 3-, 5- and 10-years, among 83, 79, 76 and 66 funds, respectively, as of 30 Sep 2022, and 82, 78, 76 and 66 funds, respectively, as of 30 Nov 2022.

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

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

Fund Fees

(As of 31 Dec 2022)

Gross Expense Ratio (%)

1.31

Net Expense Ratio (%)

0.99

Thornburg Investment Management and/or Thornburg Securities Corporation have contractually agreed to waive fees and reimburse expenses through at least February 1, 2023, for some of the share classes; these are reflected in the net expense ratio. For more detailed information on fund expenses and waivers/reimbursements, please see the fund's prospectus.

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

Hypothetical Growth of $10,000

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

Hypothetical Growth of $10,000

(As of 31 Dec 2022)

(Hypothetical Growth of $10,000 vs BBG US Govt Int TR Value)

                        Categories,R3 Shares,BBG US Govt Int TR Value
                        2021-12-31,10000,10000
2022-01-31,9885,9872
2022-02-28,9840,9828
2022-03-31,9635,9581
2022-04-30,9454,9429
2022-05-31,9524,9493
2022-06-30,9435,9423
2022-07-31,9590,9548
2022-08-31,9392,9357
2022-09-30,9097,9135
2022-10-31,9044,9094
2022-11-30,9230,9249
2022-12-31,9199,9227

                        Categories,R3 Shares,BBG US Govt Int TR Value
                        2019-12-31,10000,10000
2020-01-31,10097,10141
2020-02-29,10194,10307
2020-03-31,10184,10518
2020-04-30,10259,10547
2020-05-31,10293,10566
2020-06-30,10340,10575
2020-07-31,10372,10609
2020-08-31,10360,10588
2020-09-30,10363,10596
2020-10-31,10326,10557
2020-11-30,10350,10570
2020-12-31,10366,10573
2021-01-31,10349,10548
2021-02-28,10265,10462
2021-03-31,10188,10391
2021-04-30,10221,10430
2021-05-31,10238,10463
2021-06-30,10226,10455
2021-07-31,10291,10535
2021-08-31,10270,10518
2021-09-30,10217,10455
2021-10-31,10185,10395
2021-11-30,10185,10422
2021-12-31,10164,10394
2022-01-31,10047,10262
2022-02-28,10001,10215
2022-03-31,9793,9959
2022-04-30,9609,9801
2022-05-31,9680,9867
2022-06-30,9590,9794
2022-07-31,9748,9924
2022-08-31,9546,9726
2022-09-30,9246,9495
2022-10-31,9192,9452
2022-11-30,9381,9614
2022-12-31,9350,9591

                        Categories,R3 Shares,BBG US Govt Int TR Value
                        2017-12-31,10000,10000
2018-01-31,9933,9905
2018-02-28,9907,9876
2018-03-31,9944,9927
2018-04-30,9906,9871
2018-05-31,9958,9934
2018-06-30,9951,9933
2018-07-31,9928,9914
2018-08-31,9973,9973
2018-09-30,9938,9922
2018-10-31,9919,9926
2018-11-30,9972,9994
2018-12-31,10073,10143
2019-01-31,10122,10186
2019-02-28,10116,10179
2019-03-31,10202,10303
2019-04-30,10210,10308
2019-05-31,10306,10458
2019-06-30,10346,10545
2019-07-31,10338,10526
2019-08-31,10439,10715
2019-09-30,10423,10668
2019-10-31,10446,10699
2019-11-30,10437,10673
2019-12-31,10427,10670
2020-01-31,10528,10820
2020-02-29,10629,10998
2020-03-31,10619,11223
2020-04-30,10698,11254
2020-05-31,10732,11274
2020-06-30,10781,11284
2020-07-31,10815,11320
2020-08-31,10802,11298
2020-09-30,10806,11306
2020-10-31,10767,11264
2020-11-30,10792,11278
2020-12-31,10808,11282
2021-01-31,10791,11255
2021-02-28,10703,11163
2021-03-31,10623,11087
2021-04-30,10657,11129
2021-05-31,10676,11164
2021-06-30,10663,11156
2021-07-31,10730,11241
2021-08-31,10709,11223
2021-09-30,10653,11155
2021-10-31,10620,11092
2021-11-30,10620,11120
2021-12-31,10598,11091
2022-01-31,10477,10949
2022-02-28,10429,10900
2022-03-31,10211,10626
2022-04-30,10020,10457
2022-05-31,10094,10528
2022-06-30,9999,10450
2022-07-31,10164,10589
2022-08-31,9954,10378
2022-09-30,9641,10131
2022-10-31,9585,10085
2022-11-30,9782,10258
2022-12-31,9749,10234

                        Categories,R3 Shares,BBG US Govt Int TR Value
                        2012-12-31,10000,10000
2013-01-31,9977,9962
2013-02-28,9988,10003
2013-03-31,9986,10014
2013-04-30,10012,10058
2013-05-31,9929,9957
2013-06-30,9828,9877
2013-07-31,9823,9888
2013-08-31,9782,9844
2013-09-30,9854,9917
2013-10-31,9879,9954
2013-11-30,9889,9950
2013-12-31,9804,9875
2014-01-31,9877,9956
2014-02-28,9911,9977
2014-03-31,9889,9938
2014-04-30,9921,9974
2014-05-31,9984,10041
2014-06-30,9987,10028
2014-07-31,9959,10002
2014-08-31,9997,10064
2014-09-30,9976,10030
2014-10-31,10024,10100
2014-11-30,10059,10151
2014-12-31,10019,10124
2015-01-31,10109,10286
2015-02-28,10072,10197
2015-03-31,10096,10251
2015-04-30,10095,10242
2015-05-31,10090,10247
2015-06-30,10067,10207
2015-07-31,10089,10248
2015-08-31,10096,10254
2015-09-30,10131,10330
2015-10-31,10108,10298
2015-11-30,10085,10264
2015-12-31,10046,10244
2016-01-31,10157,10407
2016-02-29,10181,10458
2016-03-31,10210,10478
2016-04-30,10215,10475
2016-05-31,10200,10460
2016-06-30,10270,10608
2016-07-31,10270,10612
2016-08-31,10253,10564
2016-09-30,10266,10582
2016-10-31,10244,10532
2016-11-30,10140,10355
2016-12-31,10138,10352
2017-01-31,10147,10373
2017-02-28,10165,10403
2017-03-31,10156,10408
2017-04-30,10185,10462
2017-05-31,10219,10503
2017-06-30,10185,10476
2017-07-31,10212,10509
2017-08-31,10254,10573
2017-09-30,10218,10512
2017-10-31,10208,10499
2017-11-30,10185,10467
2017-12-31,10194,10470
2018-01-31,10126,10370
2018-02-28,10100,10339
2018-03-31,10138,10393
2018-04-30,10098,10334
2018-05-31,10152,10401
2018-06-30,10144,10400
2018-07-31,10121,10380
2018-08-31,10167,10441
2018-09-30,10131,10388
2018-10-31,10112,10392
2018-11-30,10166,10463
2018-12-31,10269,10619
2019-01-31,10318,10664
2019-02-28,10312,10657
2019-03-31,10400,10787
2019-04-30,10409,10792
2019-05-31,10506,10949
2019-06-30,10547,11040
2019-07-31,10539,11020
2019-08-31,10642,11219
2019-09-30,10626,11169
2019-10-31,10649,11202
2019-11-30,10640,11174
2019-12-31,10630,11171
2020-01-31,10733,11329
2020-02-29,10836,11515
2020-03-31,10826,11750
2020-04-30,10906,11782
2020-05-31,10941,11803
2020-06-30,10991,11814
2020-07-31,11026,11851
2020-08-31,11012,11828
2020-09-30,11016,11837
2020-10-31,10976,11793
2020-11-30,11002,11808
2020-12-31,11018,11812
2021-01-31,11001,11784
2021-02-28,10911,11687
2021-03-31,10830,11608
2021-04-30,10864,11651
2021-05-31,10883,11688
2021-06-30,10870,11680
2021-07-31,10939,11769
2021-08-31,10917,11750
2021-09-30,10860,11679
2021-10-31,10826,11613
2021-11-30,10827,11642
2021-12-31,10804,11611
2022-01-31,10680,11463
2022-02-28,10631,11411
2022-03-31,10410,11125
2022-04-30,10214,10948
2022-05-31,10290,11022
2022-06-30,10194,10941
2022-07-31,10362,11086
2022-08-31,10148,10865
2022-09-30,9829,10607
2022-10-31,9772,10559
2022-11-30,9972,10739
2022-12-31,9939,10714

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

Distributions

            Categories,Total ($)
            2003-07-31,0.06479
2003-08-31,0.06809
2003-09-30,0.03883
2003-10-31,0.04049
2003-11-30,0.03753
2003-12-31,0.03193
2004-01-31,0.02934
2004-02-29,0.03036
2004-03-31,0.03183
2004-04-30,0.03170
2004-05-31,0.02905
2004-06-30,0.02727
2004-07-31,0.02971
2004-08-31,0.02850
2004-09-30,0.02448
2004-10-31,0.02546
2004-11-30,0.02708
2004-12-31,0.03650
2005-01-31,0.02669
2005-02-28,0.02625
2005-03-31,0.02793
2005-04-30,0.02775
2005-05-31,0.02874
2005-06-30,0.02830
2005-07-31,0.02939
2005-08-31,0.02942
2005-09-30,0.02949
2005-10-31,0.02957
2005-11-30,0.03003
2005-12-31,0.03106
2006-01-31,0.02706
2006-02-28,0.02332
2006-03-31,0.03252
2006-04-30,0.02978
2006-05-31,0.03232
2006-06-30,0.03442
2006-07-31,0.03346
2006-08-31,0.03220
2006-09-30,0.03231
2006-10-31,0.03215
2006-11-30,0.02783
2006-12-31,0.03517
2007-01-31,0.03121
2007-02-28,0.03093
2007-03-31,0.03525
2007-04-30,0.03289
2007-05-31,0.03529
2007-06-30,0.03536
2007-07-31,0.03665
2007-08-31,0.03666
2007-09-30,0.03855
2007-10-31,0.03706
2007-11-30,0.03684
2007-12-31,0.03719
2008-01-31,0.03642
2008-02-29,0.03646
2008-03-31,0.03448
2008-04-30,0.03527
2008-05-31,0.03623
2008-06-30,0.03732
2008-07-31,0.03690
2008-08-31,0.03896
2008-09-30,0.03823
2008-10-31,0.02662
2008-11-30,0.03395
2008-12-31,0.01625
2009-01-31,0.01654
2009-02-28,0.03280
2009-03-31,0.03985
2009-04-30,0.04242
2009-05-31,0.04087
2009-06-30,0.04173
2009-07-31,0.04231
2009-08-31,0.04622
2009-09-30,0.03758
2009-10-31,0.03590
2009-11-30,0.09697
2009-12-31,0.04876
2010-01-31,0.03378
2010-02-28,0.03353
2010-03-31,0.03445
2010-04-30,0.03027
2010-05-31,0.03246
2010-06-30,0.03077
2010-07-31,0.02786
2010-08-31,0.02797
2010-09-30,0.03233
2010-10-31,0.03271
2010-11-30,0.03326
2010-12-31,0.04776
2011-01-31,0.03058
2011-02-28,0.03202
2011-03-31,0.03122
2011-04-30,0.03247
2011-05-31,0.03544
2011-06-30,0.03243
2011-07-31,0.03013
2011-08-31,0.02646
2011-09-30,0.02507
2011-10-31,0.02567
2011-11-30,0.03417
2011-12-31,0.03619
2012-01-31,0.02654
2012-02-29,0.02450
2012-03-31,0.02629
2012-04-30,0.02870
2012-05-31,0.02923
2012-06-30,0.02544
2012-07-31,0.02422
2012-08-31,0.02927
2012-09-30,0.02988
2012-10-31,0.03425
2012-11-30,0.03336
2012-12-31,0.03051
2013-01-31,0.02808
2013-02-28,0.02492
2013-03-31,0.02743
2013-04-30,0.02631
2013-05-31,0.02567
2013-06-30,0.02327
2013-07-31,0.02218
2013-08-31,0.01544
2013-09-30,0.00759
2013-10-31,0.01343
2013-11-30,0.01364
2013-12-31,0.01509
2014-01-31,0.01788
2014-02-28,0.02585
2014-03-31,0.03146
2014-04-30,0.02282
2014-05-31,0.02469
2014-06-30,0.02332
2014-07-31,0.02347
2014-08-31,0.02007
2014-09-30,0.02212
2014-10-31,0.02417
2014-11-30,0.02575
2014-12-31,0.01695
2015-01-31,0.01021
2015-02-28,0.01006
2015-03-31,0.01240
2015-04-30,0.01882
2015-05-31,0.02289
2015-06-30,0.01948
2015-07-31,0.01926
2015-08-31,0.01885
2015-09-30,0.01591
2015-10-31,0.01067
2015-11-30,0.00894
2015-12-31,0.01952
2016-01-31,0.01489
2016-02-29,0.01081
2016-03-31,0.01806
2016-04-30,0.01698
2016-05-31,0.02007
2016-06-30,0.02106
2016-07-31,0.01959
2016-08-31,0.01836
2016-09-30,0.00720
2016-10-31,0.01168
2016-11-30,0.01476
2016-12-31,0.01775
2017-01-31,0.01133
2017-02-28,0.01363
2017-03-31,0.01908
2017-04-30,0.01682
2017-05-31,0.01388
2017-06-30,0.01654
2017-07-31,0.01429
2017-08-31,0.01334
2017-09-30,0.01418
2017-10-31,0.01699
2017-11-30,0.02036
2017-12-31,0.01243
2018-01-31,0.01362
2018-02-28,0.01616
2018-03-31,0.01805
2018-04-30,0.02036
2018-05-31,0.01761
2018-06-30,0.02046
2018-07-31,0.02110
2018-08-31,0.01738
2018-09-30,0.01529
2018-10-31,0.01592
2018-11-30,0.01754
2018-12-31,0.01850
2019-01-31,0.01182
2019-02-28,0.01243
2019-03-31,0.01920
2019-04-30,0.02082
2019-05-31,0.02112
2019-06-30,0.02106
2019-07-31,0.01935
2019-08-31,0.01803
2019-09-30,0.01938
2019-10-31,0.01924
2019-11-30,0.01795
2019-12-31,0.01819
2020-01-31,0.01626
2020-02-29,0.01649
2020-03-31,0.01765
2020-04-30,0.01754
2020-05-31,0.01313
2020-06-30,0.01086
2020-07-31,0.01238
2020-08-31,0.01405
2020-09-30,0.01386
2020-10-31,0.01186
2020-11-30,0.01115
2020-12-31,0.01033
2021-01-31,0.00915
2021-02-28,0.01115
2021-03-31,0.01123
2021-04-30,0.01181
2021-05-31,0.01282
2021-06-30,0.01380
2021-07-31,0.01326
2021-08-31,0.01337
2021-09-30,0.01179
2021-10-31,0.00940
2021-11-30,0.01030
2021-12-31,0.01321
2022-01-31,0.01138
2022-02-28,0.01126
2022-03-31,0.01487
2022-04-30,0.01607
2022-05-31,0.02062
2022-06-30,0.01488
2022-07-31,0.01995
2022-08-31,0.02553
2022-09-30,0.01168
2022-10-31,0.01221
2022-11-30,0.01751
2022-12-31,0.02065

            Ex Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
            2003-07-31,0.06479,0.06479,0,0
2003-08-29,0.06809,0.06809,0,0
2003-09-30,0.03883,0.03883,0,0
2003-10-31,0.04049,0.04049,0,0
2003-11-28,0.03753,0.03753,0,0
2003-12-31,0.03193,0.03193,0,0
2004-01-30,0.02934,0.02934,0,0
2004-02-27,0.03036,0.03036,0,0
2004-03-31,0.03183,0.03183,0,0
2004-04-30,0.03170,0.03170,0,0
2004-05-28,0.02905,0.02905,0,0
2004-06-30,0.02727,0.02727,0,0
2004-07-30,0.02971,0.02971,0,0
2004-08-31,0.02850,0.02850,0,0
2004-09-30,0.02448,0.02448,0,0
2004-10-29,0.02546,0.02546,0,0
2004-11-30,0.02708,0.02708,0,0
2004-12-31,0.03650,0.03650,0,0
2005-01-31,0.02669,0.02669,0,0
2005-02-28,0.02625,0.02625,0,0
2005-03-31,0.02793,0.02793,0,0
2005-04-29,0.02775,0.02775,0,0
2005-05-31,0.02874,0.02874,0,0
2005-06-30,0.02830,0.02830,0,0
2005-07-29,0.02939,0.02939,0,0
2005-08-31,0.02942,0.02942,0,0
2005-09-30,0.02949,0.02949,0,0
2005-10-31,0.02957,0.02957,0,0
2005-11-30,0.03003,0.03003,0,0
2005-12-30,0.03106,0.03106,0,0
2006-01-31,0.02706,0.02706,0,0
2006-02-28,0.02332,0.02332,0,0
2006-03-31,0.03252,0.03252,0,0
2006-04-28,0.02978,0.02978,0,0
2006-05-31,0.03232,0.03232,0,0
2006-06-30,0.03442,0.03442,0,0
2006-07-31,0.03346,0.03346,0,0
2006-08-31,0.03220,0.03220,0,0
2006-09-29,0.03231,0.03231,0,0
2006-10-31,0.03215,0.03215,0,0
2006-11-30,0.02783,0.02783,0,0
2006-12-29,0.03517,0.03517,0,0
2007-01-31,0.03121,0.03121,0,0
2007-02-28,0.03093,0.03093,0,0
2007-03-30,0.03525,0.03525,0,0
2007-04-30,0.03289,0.03289,0,0
2007-05-31,0.03529,0.03529,0,0
2007-06-29,0.03536,0.03536,0,0
2007-07-31,0.03665,0.03665,0,0
2007-08-31,0.03666,0.03666,0,0
2007-09-28,0.03855,0.03855,0,0
2007-10-31,0.03706,0.03706,0,0
2007-11-30,0.03684,0.03684,0,0
2007-12-31,0.03719,0.03719,0,0
2008-01-31,0.03642,0.03642,0,0
2008-02-29,0.03646,0.03646,0,0
2008-03-31,0.03448,0.03448,0,0
2008-04-30,0.03527,0.03527,0,0
2008-05-30,0.03623,0.03623,0,0
2008-06-30,0.03732,0.03732,0,0
2008-07-31,0.03690,0.03690,0,0
2008-08-29,0.03896,0.03896,0,0
2008-09-30,0.03823,0.03823,0,0
2008-10-31,0.02662,0.02662,0,0
2008-11-28,0.03395,0.03395,0,0
2008-12-31,0.01625,0.01625,0,0
2009-01-30,0.01654,0.01654,0,0
2009-02-27,0.03280,0.03280,0,0
2009-03-31,0.03985,0.03985,0,0
2009-04-30,0.04242,0.04242,0,0
2009-05-29,0.04087,0.04087,0,0
2009-06-30,0.04173,0.04173,0,0
2009-07-31,0.04231,0.04231,0,0
2009-08-31,0.04622,0.04622,0,0
2009-09-30,0.03758,0.03758,0,0
2009-10-30,0.03590,0.03590,0,0
2009-11-30,0.09697,0.03509,0.00000,0.06188
2009-12-31,0.04876,0.04876,0,0
2010-01-29,0.03378,0.03378,0,0
2010-02-26,0.03353,0.03353,0,0
2010-03-31,0.03445,0.03445,0,0
2010-04-30,0.03027,0.03027,0,0
2010-05-28,0.03246,0.03246,0,0
2010-06-30,0.03077,0.03077,0,0
2010-07-30,0.02786,0.02786,0,0
2010-08-31,0.02797,0.02797,0,0
2010-09-30,0.03233,0.03233,0,0
2010-10-29,0.03271,0.03271,0,0
2010-11-30,0.03326,0.03326,0,0
2010-12-31,0.04776,0.04776,0,0
2011-01-31,0.03058,0.03058,0,0
2011-02-28,0.03202,0.03202,0,0
2011-03-31,0.03122,0.03122,0,0
2011-04-29,0.03247,0.03247,0,0
2011-05-31,0.03544,0.03544,0,0
2011-06-30,0.03243,0.03243,0,0
2011-07-29,0.03013,0.03013,0,0
2011-08-31,0.02646,0.02646,0,0
2011-09-30,0.02507,0.02507,0,0
2011-10-31,0.02567,0.02567,0,0
2011-11-30,0.03417,0.03417,0,0
2011-12-30,0.03619,0.03619,0,0
2012-01-31,0.02654,0.02654,0,0
2012-02-29,0.02450,0.02450,0,0
2012-03-30,0.02629,0.02629,0,0
2012-04-30,0.02870,0.02870,0,0
2012-05-31,0.02923,0.02923,0,0
2012-06-29,0.02544,0.02544,0,0
2012-07-31,0.02422,0.02422,0,0
2012-08-31,0.02927,0.02927,0,0
2012-09-28,0.02988,0.02988,0,0
2012-10-31,0.03425,0.03425,0,0
2012-11-30,0.03336,0.03336,0,0
2012-12-31,0.03051,0.03051,0,0
2013-01-31,0.02808,0.02808,0,0
2013-02-28,0.02492,0.02492,0,0
2013-03-28,0.02743,0.02743,0,0
2013-04-30,0.02631,0.02631,0,0
2013-05-31,0.02567,0.02567,0,0
2013-06-28,0.02327,0.02327,0,0
2013-07-31,0.02218,0.02218,0,0
2013-08-30,0.01544,0.01544,0,0
2013-09-30,0.00759,0.00759,0,0
2013-10-31,0.01343,0.01343,0,0
2013-11-29,0.01364,0.01364,0,0
2013-12-31,0.01509,0.01509,0,0
2014-01-31,0.01788,0.01788,0,0
2014-02-28,0.02585,0.02585,0,0
2014-03-31,0.03146,0.03146,0,0
2014-04-30,0.02282,0.02282,0,0
2014-05-30,0.02469,0.02469,0,0
2014-06-30,0.02332,0.02332,0,0
2014-07-31,0.02347,0.02347,0,0
2014-08-29,0.02007,0.02007,0,0
2014-09-30,0.02212,0.02212,0,0
2014-10-31,0.02417,0.02417,0,0
2014-11-28,0.02575,0.02575,0,0
2014-12-31,0.01695,0.01695,0,0
2015-01-30,0.01021,0.01021,0,0
2015-02-27,0.01006,0.01006,0,0
2015-03-31,0.01240,0.01240,0,0
2015-04-30,0.01882,0.01882,0,0
2015-05-29,0.02289,0.02289,0,0
2015-06-30,0.01948,0.01948,0,0
2015-07-31,0.01926,0.01926,0,0
2015-08-31,0.01885,0.01885,0,0
2015-09-30,0.01591,0.01591,0,0
2015-10-30,0.01067,0.01067,0,0
2015-11-30,0.00894,0.00894,0,0
2015-12-31,0.01952,0.01952,0,0
2016-01-29,0.01489,0.01489,0,0
2016-02-29,0.01081,0.01081,0,0
2016-03-31,0.01806,0.01806,0,0
2016-04-29,0.01698,0.01698,0,0
2016-05-31,0.02007,0.02007,0,0
2016-06-30,0.02106,0.02106,0,0
2016-07-29,0.01959,0.01959,0,0
2016-08-31,0.01836,0.01836,0,0
2016-09-30,0.00720,0.00720,0,0
2016-10-31,0.01168,0.01168,0,0
2016-11-30,0.01476,0.01476,0,0
2016-12-30,0.01775,0.01775,0,0
2017-01-31,0.01133,0.01133,0,0
2017-02-28,0.01363,0.01363,0,0
2017-03-31,0.01908,0.01908,0,0
2017-04-28,0.01682,0.01682,0,0
2017-05-31,0.01388,0.01388,0,0
2017-06-30,0.01654,0.01654,0,0
2017-07-31,0.01429,0.01429,0,0
2017-08-31,0.01334,0.01334,0,0
2017-09-29,0.01418,0.01418,0,0
2017-10-31,0.01699,0.01699,0,0
2017-11-30,0.02036,0.02036,0,0
2017-12-29,0.01243,0.01243,0,0
2018-01-31,0.01362,0.01362,0,0
2018-02-28,0.01616,0.01616,0,0
2018-03-29,0.01805,0.01805,0,0
2018-04-30,0.02036,0.02036,0,0
2018-05-31,0.01761,0.01761,0,0
2018-06-29,0.02046,0.02046,0,0
2018-07-31,0.02110,0.02110,0,0
2018-08-31,0.01738,0.01738,0,0
2018-09-28,0.01529,0.01529,0,0
2018-10-31,0.01592,0.01592,0,0
2018-11-30,0.01754,0.01754,0,0
2018-12-31,0.01850,0.01850,0,0
2019-01-31,0.01182,0.01182,0,0
2019-02-28,0.01243,0.01243,0,0
2019-03-29,0.01920,0.01920,0,0
2019-04-30,0.02082,0.02082,0,0
2019-05-31,0.02112,0.02112,0,0
2019-06-28,0.02106,0.02106,0,0
2019-07-31,0.01935,0.01935,0,0
2019-08-31,0.01803,0.01803,0,0
2019-09-30,0.01938,0.01938,0,0
2019-10-31,0.01924,0.01924,0,0
2019-11-30,0.01795,0.01795,0,0
2019-12-31,0.01819,0.01819,0,0
2020-01-31,0.01626,0.01626,0,0
2020-02-29,0.01649,0.01649,0,0
2020-03-31,0.01765,0.01765,0,0
2020-04-30,0.01754,0.01754,0,0
2020-05-31,0.01313,0.01313,0,0
2020-06-30,0.01086,0.01086,0,0
2020-07-31,0.01238,0.01238,0,0
2020-08-31,0.01405,0.01405,0,0
2020-09-30,0.01386,0.01386,0,0
2020-10-30,0.01186,0.01186,0,0
2020-11-30,0.01115,0.01115,0,0
2020-12-31,0.01033,0.01033,0,0
2021-01-29,0.00915,0.00915,0,0
2021-02-26,0.01115,0.01115,0,0
2021-03-31,0.01123,0.01123,0,0
2021-04-30,0.01181,0.01181,0,0
2021-05-28,0.01282,0.01282,0,0
2021-06-30,0.01380,0.01380,0,0
2021-07-30,0.01326,0.01326,0,0
2021-08-31,0.01337,0.01337,0,0
2021-09-30,0.01179,0.01179,0,0
2021-10-29,0.00940,0.00940,0,0
2021-11-30,0.01030,0.01030,0,0
2021-12-31,0.01321,0.01321,0,0
2022-01-31,0.01138,0.01138,0,0
2022-02-28,0.01126,0.01126,0,0
2022-03-31,0.01487,0.01487,0,0
2022-04-29,0.01607,0.01607,0,0
2022-05-31,0.02062,0.02062,0,0
2022-06-30,0.01488,0.01488,0,0
2022-07-29,0.01995,0.01995,0,0
2022-08-31,0.02553,0.02553,0,0
2022-09-30,0.01168,0.01168,0,0
2022-10-31,0.01221,0.01221,0,0
2022-11-30,0.01751,0.01751,0,0
2022-12-30,0.02065,0.02065,0,0

Distributions

(As of 31 Dec 2022)

Ex-Date

Total ($)

Income ($)

ST Cap Gains ($)

LT Cap Gains ($)

31 Jul 2003

0.06479

—

29 Aug 2003

0.06809

—

30 Sep 2003

0.03883

—

31 Oct 2003

0.04049

—

28 Nov 2003

0.03753

—

31 Dec 2003

0.03193

—

30 Jan 2004

0.02934

—

27 Feb 2004

0.03036

—

31 Mar 2004

0.03183

—

30 Apr 2004

0.03170

—

28 May 2004

0.02905

—

30 Jun 2004

0.02727

—

30 Jul 2004

0.02971

—

31 Aug 2004

0.02850

—

30 Sep 2004

0.02448

—

29 Oct 2004

0.02546

—

30 Nov 2004

0.02708

—

31 Dec 2004

0.03650

—

31 Jan 2005

0.02669

—

28 Feb 2005

0.02625

—

31 Mar 2005

0.02793

—

29 Apr 2005

0.02775

—

31 May 2005

0.02874

—

30 Jun 2005

0.02830

—

29 Jul 2005

0.02939

—

31 Aug 2005

0.02942

—

30 Sep 2005

0.02949

—

31 Oct 2005

0.02957

—

30 Nov 2005

0.03003

—

30 Dec 2005

0.03106

—

31 Jan 2006

0.02706

—

28 Feb 2006

0.02332

—

31 Mar 2006

0.03252

—

28 Apr 2006

0.02978

—

31 May 2006

0.03232

—

30 Jun 2006

0.03442

—

31 Jul 2006

0.03346

—

31 Aug 2006

0.03220

—

29 Sep 2006

0.03231

—

31 Oct 2006

0.03215

—

30 Nov 2006

0.02783

—

29 Dec 2006

0.03517

—

31 Jan 2007

0.03121

—

28 Feb 2007

0.03093

—

30 Mar 2007

0.03525

—

30 Apr 2007

0.03289

—

31 May 2007

0.03529

—

29 Jun 2007

0.03536

—

31 Jul 2007

0.03665

—

31 Aug 2007

0.03666

—

28 Sep 2007

0.03855

—

31 Oct 2007

0.03706

—

30 Nov 2007

0.03684

—

31 Dec 2007

0.03719

—

31 Jan 2008

0.03642

—

29 Feb 2008

0.03646

—

31 Mar 2008

0.03448

—

30 Apr 2008

0.03527

—

30 May 2008

0.03623

—

30 Jun 2008

0.03732

—

31 Jul 2008

0.03690

—

29 Aug 2008

0.03896

—

30 Sep 2008

0.03823

—

31 Oct 2008

0.02662

—

28 Nov 2008

0.03395

—

31 Dec 2008

0.01625

—

30 Jan 2009

0.01654

—

27 Feb 2009

0.03280

—

31 Mar 2009

0.03985

—

30 Apr 2009

0.04242

—

29 May 2009

0.04087

—

30 Jun 2009

0.04173

—

31 Jul 2009

0.04231

—

31 Aug 2009

0.04622

—

30 Sep 2009

0.03758

—

30 Oct 2009

0.03590

—

30 Nov 2009

0.09697

0.03509

0.00000

0.06188

31 Dec 2009

0.04876

—

29 Jan 2010

0.03378

—

26 Feb 2010

0.03353

—

31 Mar 2010

0.03445

—

30 Apr 2010

0.03027

—

28 May 2010

0.03246

—

30 Jun 2010

0.03077

—

30 Jul 2010

0.02786

—

31 Aug 2010

0.02797

—

30 Sep 2010

0.03233

—

29 Oct 2010

0.03271

—

30 Nov 2010

0.03326

—

31 Dec 2010

0.04776

—

31 Jan 2011

0.03058

—

28 Feb 2011

0.03202

—

31 Mar 2011

0.03122

—

29 Apr 2011

0.03247

—

31 May 2011

0.03544

—

30 Jun 2011

0.03243

—

29 Jul 2011

0.03013

—

31 Aug 2011

0.02646

—

30 Sep 2011

0.02507

—

31 Oct 2011

0.02567

—

30 Nov 2011

0.03417

—

30 Dec 2011

0.03619

—

31 Jan 2012

0.02654

—

29 Feb 2012

0.02450

—

30 Mar 2012

0.02629

—

30 Apr 2012

0.02870

—

31 May 2012

0.02923

—

29 Jun 2012

0.02544

—

31 Jul 2012

0.02422

—

31 Aug 2012

0.02927

—

28 Sep 2012

0.02988

—

31 Oct 2012

0.03425

—

30 Nov 2012

0.03336

—

31 Dec 2012

0.03051

—

31 Jan 2013

0.02808

—

28 Feb 2013

0.02492

—

28 Mar 2013

0.02743

—

30 Apr 2013

0.02631

—

31 May 2013

0.02567

—

28 Jun 2013

0.02327

—

31 Jul 2013

0.02218

—

30 Aug 2013

0.01544

—

30 Sep 2013

0.00759

—

31 Oct 2013

0.01343

—

29 Nov 2013

0.01364

—

31 Dec 2013

0.01509

—

31 Jan 2014

0.01788

—

28 Feb 2014

0.02585

—

31 Mar 2014

0.03146

—

30 Apr 2014

0.02282

—

30 May 2014

0.02469

—

30 Jun 2014

0.02332

—

31 Jul 2014

0.02347

—

29 Aug 2014

0.02007

—

30 Sep 2014

0.02212

—

31 Oct 2014

0.02417

—

28 Nov 2014

0.02575

—

31 Dec 2014

0.01695

—

30 Jan 2015

0.01021

—

27 Feb 2015

0.01006

—

31 Mar 2015

0.01240

—

30 Apr 2015

0.01882

—

29 May 2015

0.02289

—

30 Jun 2015

0.01948

—

31 Jul 2015

0.01926

—

31 Aug 2015

0.01885

—

30 Sep 2015

0.01591

—

30 Oct 2015

0.01067

—

30 Nov 2015

0.00894

—

31 Dec 2015

0.01952

—

29 Jan 2016

0.01489

—

29 Feb 2016

0.01081

—

31 Mar 2016

0.01806

—

29 Apr 2016

0.01698

—

31 May 2016

0.02007

—

30 Jun 2016

0.02106

—

29 Jul 2016

0.01959

—

31 Aug 2016

0.01836

—

30 Sep 2016

0.00720

—

31 Oct 2016

0.01168

—

30 Nov 2016

0.01476

—

30 Dec 2016

0.01775

—

31 Jan 2017

0.01133

—

28 Feb 2017

0.01363

—

31 Mar 2017

0.01908

—

28 Apr 2017

0.01682

—

31 May 2017

0.01388

—

30 Jun 2017

0.01654

—

31 Jul 2017

0.01429

—

31 Aug 2017

0.01334

—

29 Sep 2017

0.01418

—

31 Oct 2017

0.01699

—

30 Nov 2017

0.02036

—

29 Dec 2017

0.01243

—

31 Jan 2018

0.01362

—

28 Feb 2018

0.01616

—

29 Mar 2018

0.01805

—

30 Apr 2018

0.02036

—

31 May 2018

0.01761

—

29 Jun 2018

0.02046

—

31 Jul 2018

0.02110

—

31 Aug 2018

0.01738

—

28 Sep 2018

0.01529

—

31 Oct 2018

0.01592

—

30 Nov 2018

0.01754

—

31 Dec 2018

0.01850

—

31 Jan 2019

0.01182

—

28 Feb 2019

0.01243

—

29 Mar 2019

0.01920

—

30 Apr 2019

0.02082

—

31 May 2019

0.02112

—

28 Jun 2019

0.02106

—

31 Jul 2019

0.01935

—

31 Aug 2019

0.01803

—

30 Sep 2019

0.01938

—

31 Oct 2019

0.01924

—

30 Nov 2019

0.01795

—

31 Dec 2019

0.01819

—

31 Jan 2020

0.01626

—

29 Feb 2020

0.01649

—

31 Mar 2020

0.01765

—

30 Apr 2020

0.01754

—

31 May 2020

0.01313

—

30 Jun 2020

0.01086

—

31 Jul 2020

0.01238

—

31 Aug 2020

0.01405

—

30 Sep 2020

0.01386

—

30 Oct 2020

0.01186

—

30 Nov 2020

0.01115

—

31 Dec 2020

0.01033

—

29 Jan 2021

0.00915

—

26 Feb 2021

0.01115

—

31 Mar 2021

0.01123

—

30 Apr 2021

0.01181

—

28 May 2021

0.01282

—

30 Jun 2021

0.01380

—

30 Jul 2021

0.01326

—

31 Aug 2021

0.01337

—

30 Sep 2021

0.01179

—

29 Oct 2021

0.00940

—

30 Nov 2021

0.01030

—

31 Dec 2021

0.01321

—

31 Jan 2022

0.01138

—

28 Feb 2022

0.01126

—

31 Mar 2022

0.01487

—

29 Apr 2022

0.01607

—

31 May 2022

0.02062

—

30 Jun 2022

0.01488

—

29 Jul 2022

0.01995

—

31 Aug 2022

0.02553

—

30 Sep 2022

0.01168

—

31 Oct 2022

0.01221

—

30 Nov 2022

0.01751

—

30 Dec 2022

0.02065

—

Fund Facts

(As of 31 Dec 2022)

Net Fund Assets

$207.6 M

Benchmark

BBG US Govt Int TR Value

Morningstar Category

Short Government

Fund Symbol

LTURX

Share Class

Share Class Inception Date

1 Jul 2003

Number of Holdings

185

Portfolio Turnover

29%

Distribution Frequency

Monthly

30-Day SEC Yield (Subsidized)

2.71%

30-Day SEC Yield (Unsubsidized)

2.11%

Annualized Distribution Yield

2.06%

Characteristics

Portfolio

(As of 31 Dec 2022)

Portfolio

Benchmark

Effective Duration

3.9 Yrs

3.7 Yrs

Average Effective Maturity

5.0 Yrs

4.0 Yrs

Portfolio

Benchmark

Weighted Average Coupon

2.3%

1.8%

Yield to Worst

4.6%

4.2%

Risk & Return Profile

(As of 31 Dec 2022)

10y

Beta

0.88

0.83

0.77

R-Squared (%)

84.01

83.42

82.62

Standard Deviation (%)

3.24

2.72

2.23

Sharpe Ratio

-0.84

-0.54

-0.22

Information Ratio

-0.40

-0.52

-0.36

Up Capture (%)

82.54

77.79

73.62

Down Capture (%)

86.22

80.46

74.39

Past performance does not guarantee future results.

Portfolio

Top Holdings

(As of 30 Nov 2022)

Name

Ticker/Symbol

Sector

Weight %

United States Treasury Inflation Indexed Bonds

912828Z37

Government

4.0

United States Treasury Note/Bond

91282CBA8

Government

2.5

United States Treasury Inflation Indexed Bonds

9128287D6

Government

2.4

United States Treasury Note/Bond

—

Government

2.3

Freddie Mac Multifamily Structured Pass Through Certificates

3137B5KW2

Mortgage Securities

2.3

Fannie Mae Pool

—

Mortgage Securities

2.1

Fannie Mae Pool

—

Mortgage Securities

2.1

United States Treasury Note/Bond

912828YM6

Government

2.0

United States Treasury Inflation Indexed Bonds

—

Government

1.8

FARM 21-1 Mortgage Trust

30768WAA6

Mortgage Securities

1.7

Download Holdings

Past performance does not guarantee future results.

Portfolio holdings are subject to change daily.

Exposure Breakdown

(As of 31 Dec 2022)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Mortgage Passthrough

39.2

—

Collateralized Mortgage Obligation

20.0

—

Treasury-Domestic

18.9

96.7

Commercial Mortgage Backed Security

10.1

—

Agency Debenture

5.4

3.3

Asset Backed Securities

3.4

—

Cash & Cash Equivalents

2.5

—

Corporate

0.6

—

Sector Allocation

Fund (%)

Mortgage Passthrough

39.2

Collateralized Mortgage Obligation

20.0

Treasury-Domestic

18.9

Commercial Mortgage Backed Security

10.1

Agency Debenture

5.4

Asset Backed Securities

3.4

Cash & Cash Equivalents

2.5

Corporate

0.6

Credit Quality

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

U.S. Government

97.5

100.0

Cash & Cash Equivalents

2.5

—

Credit Quality

Fund (%)

U.S. Government

97.5

Cash & Cash Equivalents

2.5

Maturity

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

25%

30%

Year 1

8.2

1.9

Year 2

10.7

24.0

Year 3

8.3

18.0

Year 4

18.0

13.3

Year 5

12.1

13.0

Year 6

1.8

10.5

Year 7

6.2

7.4

Year 8

9.5

3.7

Year 9

5.2

4.5

Year 10+

17.4

—

Cash

2.5

—

Maturity

Fund (%)

Year 1

8.2

Year 2

10.7

Year 3

8.3

Year 4

18.0

Year 5

12.1

Year 6

1.8

Year 7

6.2

Year 8

9.5

Year 9

5.2

Year 10+

17.4

Cash

2.5

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

Data based on representative account.

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

Portfolio Managers

Lon Erickson, CFA

Portfolio Manager and Managing Director

Lon Erickson is portfolio manager for Thornburg Investment Management. He joined Thornburg in 2008 and was made portfolio manager in 2010. Lon earned a BA in business administration with a minor in economics from Illinois Wesleyan University and an MBA from the University of Chicago Booth School of Business. He is a CFA charterholder. Prior to joining Thornburg Investment Management,…

Learn More

Jeff Klingelhofer, CFA

Co-Head of Investments and Managing Director

Jeff Klingelhofer is co-head of investments for Thornburg Investment Management. He is responsible for driving the investment process at the firm level. Jeff is also a portfolio manager on multiple strategies. He joined the firm in 2010, then was promoted to associate portfolio manager in 2012. In 2015, Jeff was made portfolio manager and managing director. Jeff earned a BA…

Learn More

Jason Brady, CFA

President and CEO

Jason Brady is president and CEO of Thornburg Investment Management. He is responsible for the company’s overall strategy and direction. He is also portfolio manager on multiple strategies. He joined the firm in 2006, was made portfolio manager and managing director in 2007, and president and CEO in 2016. His book Income Investing: An Intelligent Approach to Profiting from Bonds,…

Learn More

Literature

Fact Sheet

Commentary

Summary Prospectus

Annual Report

Semi-annual report

Prospectus

Statement of Additional Information (SAI)

Important Information

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

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

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

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

Class R shares are limited to retirement platforms only.

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

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

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

© 2022 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 Corporation.

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 Corporation (TSC) does not act as broker of record for investors.

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Thornburg Limited Term U.S. Government Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Lon Erickson, CFA

Jeff Klingelhofer, CFA

Jason Brady, CFA

Literature

Important Information

More Insights

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Thornburg Limited Term U.S. Government Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Lon Erickson, CFA

Jeff Klingelhofer, CFA

Jason Brady, CFA

Literature

Important Information

More Insights

2022 in Perspective

Fed Pivot in the Cards? Why the Third Mandate Matters

This Year, Give the Gift of Generations