Thornburg New York Intermediate Municipal Fund

SYMBOL: TNYIX

Morningstar Rating • Info

Overall Morningstar Rating among 38 Muni New York Intermediate funds, based on risk-adjusted returns for class I shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 4 stars, 5 stars and 3 stars among 38, 37 and 30 funds, as of 31 Aug 2025.

As of 31 Aug 2025

Fund Assets

$24.6 M

As of 31 Jul 2025

NAV

$11.92

As of 11 Sep 2025

Change

$0.04

As of 11 Sep 2025

YTD NAV Performance

2.41%

As of 11 Sep 2025

Asset Category:

Municipal Bond

Fund Benchmark:

ICE BofA U.S. Municipal Securities Index

Portfolio Managers

David Ashley, CFA

Portfolio Manager and Managing Director

Eve Lando, JD

Portfolio Manager and Managing Director

Craig Mauermann, ChFC

Portfolio Manager and Managing Director

Overview Performance Fund Facts Characteristics Portfolio Portfolio Managers Literature

Overview

Why Invest in This Fund?

Actively managed diversified portfolio of investment-grade municipal bonds issued by New York entities with an average maturity of three to 10 years and duration of four to six years.
Proven bottom-up fundamental approach that employs a relative value framework across sectors, issuers and revenue streams.
Tax-efficient fund seeks to provide New York investors with income that is tax-exempt at the state and federal level while minimizing changes in its share value.

Investment Objective

The fund’s goal is to provide investors with as high a level of current income exempt from federal and New York 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 New York. 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 Jun 2025)

YTD

10y

Inception

Total Return (%)

-0.01

1.05

2.38

0.64

1.55

3.35

ICE BofA U.S. Municipal Securities Index (%)

-0.61

1.05

2.56

0.57

2.26

4.28

Morningstar Category Avg. (%)

-0.17

1.17

2.28

0.48

1.53

—

Morningstar Quartile

—

Morningstar Quartile # of Funds

—

YTD

10y

Inception

Total Return (%)

0.15

0.00

2.38

0.55

1.49

3.34

ICE BofA U.S. Municipal Securities Index (%)

-0.01

0.00

2.73

0.44

2.22

4.27

Morningstar Category Avg. (%)

-0.44

0.14

1.44

0.16

1.43

—

Morningstar Quartile

—

Morningstar Quartile # of Funds

—

YTD

10y

Inception

Total Return (%)

-0.01

1.05

7.31

3.22

16.67

150.12

ICE BofA U.S. Municipal Securities Index (%)

-0.61

1.05

7.89

2.88

25.08

220.71

YTD

10y

Inception

Total Return (%)

0.15

0.00

7.32

2.77

15.94

150.51

ICE BofA U.S. Municipal Securities Index (%)

-0.01

0.00

8.41

2.22

24.57

222.64

2019

2020

2021

2022

2023

2024

Total Return (%)

4.90

3.32

0.64

-5.34

5.09

1.36

ICE BofA U.S. Municipal Securities Index (%)

7.74

5.26

1.83

-9.03

6.52

1.62

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.

Morningstar quartile ranking for Muni New York Intermediate category is based on total returns before sales charges.

The fund's benchmark changed from the ICE BofA 3-15 Year U.S. Municipal Securities Index to the ICE BofA U.S. Municipal Securities Index effective 30 September 2024.

The maximum sales charge for the fund’s A shares is 2.00%. There is no up-front sales charge for class I shares.

Share class inception dates: A shares, 5 Sep 1997; I shares, 1 Feb 2010.

Fund Fees

(As of 1 Feb 2025)

Gross Expense Ratio (%)

1.12

Net Expense Ratio (%)

0.67

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,I Shares,ICE BofA U.S. Municipal Securities Index
            1997-09-05,10000,10000
1997-09-30,10076,10110
1997-10-31,10159,10192
1997-11-30,10197,10267
1997-12-31,10323,10451
1998-01-31,10418,10576
1998-02-28,10464,10574
1998-03-31,10478,10593
1998-04-30,10418,10506
1998-05-31,10581,10724
1998-06-30,10619,10775
1998-07-31,10633,10805
1998-08-31,10790,11011
1998-09-30,10905,11179
1998-10-31,10911,11126
1998-11-30,10925,11185
1998-12-31,10982,11193
1999-01-31,11099,11334
1999-02-28,11071,11272
1999-03-31,11067,11283
1999-04-30,11099,11307
1999-05-31,11042,11208
1999-06-30,10907,10998
1999-07-31,10964,10990
1999-08-31,10951,10789
1999-09-30,10965,10710
1999-10-31,10926,10500
1999-11-30,11013,10624
1999-12-31,10982,10483
2000-01-31,10961,10382
2000-02-29,11031,10637
2000-03-31,11166,11006
2000-04-30,11154,10878
2000-05-31,11141,10779
2000-06-30,11341,11174
2000-07-31,11468,11396
2000-08-31,11577,11623
2000-09-30,11564,11499
2000-10-31,11645,11674
2000-11-30,11708,11821
2000-12-31,11933,12281
2001-01-31,12100,12309
2001-02-28,12143,12378
2001-03-31,12242,12502
2001-04-30,12149,12248
2001-05-31,12258,12420
2001-06-30,12338,12540
2001-07-31,12468,12822
2001-08-31,12656,13096
2001-09-30,12645,12964
2001-10-31,12743,13148
2001-11-30,12651,13001
2001-12-31,12600,12830
2002-01-31,12751,13060
2002-02-28,12879,13258
2002-03-31,12653,12905
2002-04-30,12863,13178
2002-05-31,12932,13271
2002-06-30,13002,13409
2002-07-31,13155,13626
2002-08-31,13265,13848
2002-09-30,13437,14270
2002-10-31,13308,13935
2002-11-30,13272,13847
2002-12-31,13510,14206
2003-01-31,13465,14088
2003-02-28,13610,14346
2003-03-31,13605,14312
2003-04-30,13685,14438
2003-05-31,13895,14857
2003-06-30,13847,14747
2003-07-31,13558,14070
2003-08-31,13658,14212
2003-09-30,13877,14709
2003-10-31,13822,14684
2003-11-30,13911,14938
2003-12-31,13988,15084
2004-01-31,14032,15176
2004-02-29,14199,15467
2004-03-31,14142,15407
2004-04-30,13920,14925
2004-05-31,13897,14836
2004-06-30,13941,14917
2004-07-31,14050,15141
2004-08-31,14238,15508
2004-09-30,14268,15626
2004-10-31,14330,15785
2004-11-30,14235,15652
2004-12-31,14356,15906
2005-01-31,14398,16060
2005-02-28,14350,16020
2005-03-31,14278,15930
2005-04-30,14449,16165
2005-05-31,14517,16299
2005-06-30,14586,16408
2005-07-31,14504,16346
2005-08-31,14608,16508
2005-09-30,14560,16405
2005-10-31,14489,16310
2005-11-30,14548,16374
2005-12-31,14643,16533
2006-01-31,14679,16568
2006-02-28,14750,16688
2006-03-31,14656,16583
2006-04-30,14657,16577
2006-05-31,14718,16657
2006-06-30,14672,16593
2006-07-31,14819,16794
2006-08-31,14991,17040
2006-09-30,15079,17156
2006-10-31,15142,17263
2006-11-30,15229,17409
2006-12-31,15195,17354
2007-01-31,15172,17324
2007-02-28,15310,17527
2007-03-31,15312,17502
2007-04-30,15364,17564
2007-05-31,15316,17495
2007-06-30,15280,17411
2007-07-31,15395,17529
2007-08-31,15422,17459
2007-09-30,15600,17701
2007-10-31,15639,17772
2007-11-30,15742,17887
2007-12-31,15756,17924
2008-01-31,16024,18149
2008-02-29,15535,17261
2008-03-31,15870,17778
2008-04-30,15949,18015
2008-05-31,16040,18118
2008-06-30,15923,17911
2008-07-31,16028,17938
2008-08-31,16172,18153
2008-09-30,15660,17228
2008-10-31,15662,16938
2008-11-30,15769,16984
2008-12-31,15930,17216
2009-01-31,16518,17917
2009-02-28,16479,18015
2009-03-31,16452,17977
2009-04-30,16653,18422
2009-05-31,16788,18663
2009-06-30,16668,18467
2009-07-31,16915,18799
2009-08-31,17120,19200
2009-09-30,17559,19958
2009-10-31,17258,19456
2009-11-30,17440,19583
2009-12-31,17373,19704
2010-01-31,17358,19803
2010-02-28,17526,19989
2010-03-31,17455,19955
2010-04-30,17608,20215
2010-05-31,17758,20367
2010-06-30,17753,20358
2010-07-31,17961,20624
2010-08-31,18325,21115
2010-09-30,18265,21102
2010-10-31,18203,21050
2010-11-30,17972,20568
2010-12-31,17752,20148
2011-01-31,17647,19944
2011-02-28,17920,20280
2011-03-31,17845,20207
2011-04-30,18178,20586
2011-05-31,18525,21001
2011-06-30,18550,21107
2011-07-31,18704,21339
2011-08-31,18993,21664
2011-09-30,19078,21939
2011-10-31,19029,21850
2011-11-30,19170,21967
2011-12-31,19537,22402
2012-01-31,19904,22974
2012-02-29,19854,23017
2012-03-31,19680,22868
2012-04-30,19941,23121
2012-05-31,20081,23335
2012-06-30,20041,23320
2012-07-31,20301,23695
2012-08-31,20349,23746
2012-09-30,20476,23906
2012-10-31,20511,23977
2012-11-30,20805,24416
2012-12-31,20563,24028
2013-01-31,20612,24191
2013-02-28,20693,24294
2013-03-31,20634,24152
2013-04-30,20807,24425
2013-05-31,20577,24112
2013-06-30,20145,23343
2013-07-31,20099,23095
2013-08-31,19958,22716
2013-09-30,20271,23248
2013-10-31,20379,23467
2013-11-30,20301,23416
2013-12-31,20238,23333
2014-01-31,20487,23862
2014-02-28,20676,24181
2014-03-31,20624,24220
2014-04-30,20811,24534
2014-05-31,20999,24870
2014-06-30,20995,24871
2014-07-31,21055,24915
2014-08-31,21242,25242
2014-09-30,21270,25277
2014-10-31,21361,25432
2014-11-30,21374,25466
2014-12-31,21482,25614
2015-01-31,21802,26074
2015-02-28,21557,25816
2015-03-31,21618,25892
2015-04-30,21515,25762
2015-05-31,21460,25676
2015-06-30,21439,25641
2015-07-31,21580,25844
2015-08-31,21606,25901
2015-09-30,21735,26075
2015-10-31,21797,26187
2015-11-30,21876,26315
2015-12-31,22019,26524
2016-01-31,22245,26818
2016-02-29,22258,26841
2016-03-31,22303,26959
2016-04-30,22433,27166
2016-05-31,22446,27250
2016-06-30,22711,27693
2016-07-31,22657,27678
2016-08-31,22720,27742
2016-09-30,22658,27608
2016-10-31,22503,27349
2016-11-30,21824,26352
2016-12-31,21977,26641
2017-01-31,22063,26776
2017-02-28,22170,26950
2017-03-31,22189,27011
2017-04-30,22329,27206
2017-05-31,22520,27608
2017-06-30,22470,27545
2017-07-31,22577,27747
2017-08-31,22700,27981
2017-09-30,22613,27875
2017-10-31,22610,27926
2017-11-30,22500,27806
2017-12-31,22635,28083
2018-01-31,22491,27788
2018-02-28,22438,27669
2018-03-31,22418,27762
2018-04-30,22364,27654
2018-05-31,22502,27979
2018-06-30,22590,28010
2018-07-31,22623,28076
2018-08-31,22640,28119
2018-09-30,22532,27940
2018-10-31,22424,27739
2018-11-30,22585,28045
2018-12-31,22745,28376
2019-01-31,22888,28589
2019-02-28,22979,28751
2019-03-31,23194,29212
2019-04-30,23247,29334
2019-05-31,23479,29768
2019-06-30,23550,29894
2019-07-31,23708,30132
2019-08-31,23958,30607
2019-09-30,23770,30379
2019-10-31,23782,30415
2019-11-30,23813,30473
2019-12-31,23859,30571
2020-01-31,24237,31118
2020-02-29,24469,31547
2020-03-31,23755,30363
2020-04-30,23412,29900
2020-05-31,24054,30871
2020-06-30,24231,31172
2020-07-31,24500,31670
2020-08-31,24376,31564
2020-09-30,24347,31543
2020-10-31,24259,31481
2020-11-30,24549,31962
2020-12-31,24651,32179
2021-01-31,24753,32391
2021-02-28,24459,31871
2021-03-31,24542,32065
2021-04-30,24702,32369
2021-05-31,24742,32510
2021-06-30,24784,32617
2021-07-31,24959,32862
2021-08-31,24904,32740
2021-09-30,24718,32493
2021-10-31,24664,32456
2021-11-30,24786,32721
2021-12-31,24809,32766
2022-01-31,24292,31886
2022-02-28,24224,31707
2022-03-31,23649,30740
2022-04-30,23250,29832
2022-05-31,23492,30308
2022-06-30,23309,29727
2022-07-31,23687,30539
2022-08-31,23344,29762
2022-09-30,22943,28655
2022-10-31,22893,28401
2022-11-30,23415,29839
2022-12-31,23484,29808
2023-01-31,23869,30725
2023-02-28,23585,29979
2023-03-31,23874,30651
2023-04-30,23885,30615
2023-05-31,23756,30381
2023-06-30,23890,30658
2023-07-31,23963,30736
2023-08-31,23801,30363
2023-09-30,23418,29503
2023-10-31,23297,29134
2023-11-30,24249,30997
2023-12-31,24679,31752
2024-01-31,24594,31682
2024-02-29,24617,31686
2024-03-31,24659,31655
2024-04-30,24538,31301
2024-05-31,24479,31235
2024-06-30,24751,31738
2024-07-31,24900,32012
2024-08-31,25051,32264
2024-09-30,25181,32606
2024-10-31,24939,32154
2024-11-30,25259,32679
2024-12-31,25014,32268
2025-01-31,25146,32343
2025-02-28,25343,32678
2025-03-31,25032,32109
2025-04-30,24912,31912
2025-05-31,24919,31827
2025-06-30,25012,32071
2025-07-31,24892,31979
2025-08-31,25051,32264

Hypothetical Growth of $10,000

(As of 31 Aug 2025)

(Hypothetical Growth of $10,000 vs ICE BofA U.S. Municipal Securities Index)

                        Categories,I Shares,ICE BofA U.S. Municipal Securities Index
                        2024-08-31,10000,10000
2024-09-30,10052,10106
2024-10-31,9955,9966
2024-11-30,10083,10129
2024-12-31,9985,10001
2025-01-31,10038,10024
2025-02-28,10116,10128
2025-03-31,9992,9952
2025-04-30,9945,9891
2025-05-31,9947,9865
2025-06-30,9984,9940
2025-07-31,9937,9912
2025-08-31,10000,10000

                        Categories,I Shares,ICE BofA U.S. Municipal Securities Index
                        2022-08-31,10000,10000
2022-09-30,9828,9628
2022-10-31,9807,9543
2022-11-30,10031,10026
2022-12-31,10060,10015
2023-01-31,10225,10323
2023-02-28,10104,10073
2023-03-31,10227,10299
2023-04-30,10232,10287
2023-05-31,10177,10208
2023-06-30,10234,10301
2023-07-31,10266,10327
2023-08-31,10196,10202
2023-09-30,10032,9913
2023-10-31,9980,9789
2023-11-30,10388,10415
2023-12-31,10572,10669
2024-01-31,10536,10645
2024-02-29,10546,10647
2024-03-31,10563,10636
2024-04-30,10512,10517
2024-05-31,10487,10495
2024-06-30,10603,10664
2024-07-31,10667,10756
2024-08-31,10731,10841
2024-09-30,10787,10956
2024-10-31,10684,10804
2024-11-30,10820,10980
2024-12-31,10715,10842
2025-01-31,10772,10867
2025-02-28,10856,10980
2025-03-31,10723,10789
2025-04-30,10672,10723
2025-05-31,10675,10694
2025-06-30,10715,10776
2025-07-31,10663,10745
2025-08-31,10732,10841

                        Categories,I Shares,ICE BofA U.S. Municipal Securities Index
                        2020-08-31,10000,10000
2020-09-30,9988,9993
2020-10-31,9952,9974
2020-11-30,10071,10126
2020-12-31,10113,10195
2021-01-31,10155,10262
2021-02-28,10034,10097
2021-03-31,10068,10159
2021-04-30,10134,10255
2021-05-31,10150,10300
2021-06-30,10168,10334
2021-07-31,10239,10411
2021-08-31,10217,10373
2021-09-30,10140,10294
2021-10-31,10118,10283
2021-11-30,10168,10367
2021-12-31,10178,10381
2022-01-31,9966,10102
2022-02-28,9938,10045
2022-03-31,9702,9739
2022-04-30,9538,9451
2022-05-31,9638,9602
2022-06-30,9562,9418
2022-07-31,9717,9675
2022-08-31,9577,9429
2022-09-30,9412,9078
2022-10-31,9392,8998
2022-11-30,9606,9454
2022-12-31,9634,9444
2023-01-31,9792,9734
2023-02-28,9676,9498
2023-03-31,9794,9711
2023-04-30,9799,9700
2023-05-31,9746,9625
2023-06-30,9800,9713
2023-07-31,9831,9738
2023-08-31,9764,9620
2023-09-30,9607,9347
2023-10-31,9557,9230
2023-11-30,9948,9820
2023-12-31,10124,10060
2024-01-31,10090,10038
2024-02-29,10099,10039
2024-03-31,10116,10029
2024-04-30,10067,9917
2024-05-31,10043,9896
2024-06-30,10154,10055
2024-07-31,10215,10142
2024-08-31,10277,10222
2024-09-30,10330,10330
2024-10-31,10231,10187
2024-11-30,10362,10353
2024-12-31,10262,10223
2025-01-31,10316,10247
2025-02-28,10397,10353
2025-03-31,10269,10173
2025-04-30,10220,10110
2025-05-31,10223,10083
2025-06-30,10261,10161
2025-07-31,10212,10132
2025-08-31,10277,10222

                        Categories,I Shares,ICE BofA U.S. Municipal Securities Index
                        2015-08-31,10000,10000
2015-09-30,10060,10067
2015-10-31,10088,10111
2015-11-30,10125,10160
2015-12-31,10191,10241
2016-01-31,10296,10354
2016-02-29,10302,10363
2016-03-31,10322,10409
2016-04-30,10383,10488
2016-05-31,10389,10521
2016-06-30,10511,10692
2016-07-31,10486,10686
2016-08-31,10516,10711
2016-09-30,10487,10659
2016-10-31,10415,10559
2016-11-30,10101,10174
2016-12-31,10171,10286
2017-01-31,10212,10338
2017-02-28,10261,10405
2017-03-31,10270,10429
2017-04-30,10335,10504
2017-05-31,10423,10659
2017-06-30,10400,10635
2017-07-31,10449,10713
2017-08-31,10506,10803
2017-09-30,10466,10762
2017-10-31,10464,10782
2017-11-30,10414,10736
2017-12-31,10476,10843
2018-01-31,10410,10729
2018-02-28,10385,10683
2018-03-31,10376,10719
2018-04-30,10351,10677
2018-05-31,10415,10802
2018-06-30,10455,10814
2018-07-31,10470,10840
2018-08-31,10478,10856
2018-09-30,10429,10787
2018-10-31,10379,10710
2018-11-30,10453,10828
2018-12-31,10527,10956
2019-01-31,10593,11038
2019-02-28,10635,11100
2019-03-31,10735,11279
2019-04-30,10759,11326
2019-05-31,10867,11493
2019-06-30,10900,11542
2019-07-31,10973,11634
2019-08-31,11089,11817
2019-09-30,11002,11729
2019-10-31,11007,11743
2019-11-30,11021,11765
2019-12-31,11043,11803
2020-01-31,11217,12014
2020-02-29,11325,12180
2020-03-31,10995,11723
2020-04-30,10836,11544
2020-05-31,11133,11919
2020-06-30,11215,12035
2020-07-31,11339,12228
2020-08-31,11282,12186
2020-09-30,11268,12178
2020-10-31,11228,12154
2020-11-30,11362,12340
2020-12-31,11409,12424
2021-01-31,11456,12506
2021-02-28,11321,12305
2021-03-31,11359,12380
2021-04-30,11433,12497
2021-05-31,11451,12552
2021-06-30,11471,12593
2021-07-31,11552,12688
2021-08-31,11526,12641
2021-09-30,11440,12545
2021-10-31,11415,12531
2021-11-30,11471,12633
2021-12-31,11482,12651
2022-01-31,11243,12311
2022-02-28,11212,12242
2022-03-31,10945,11868
2022-04-30,10761,11518
2022-05-31,10873,11702
2022-06-30,10788,11477
2022-07-31,10963,11791
2022-08-31,10804,11491
2022-09-30,10618,11063
2022-10-31,10595,10965
2022-11-30,10837,11521
2022-12-31,10869,11509
2023-01-31,11047,11862
2023-02-28,10916,11574
2023-03-31,11050,11834
2023-04-30,11055,11820
2023-05-31,10995,11730
2023-06-30,11057,11837
2023-07-31,11091,11867
2023-08-31,11016,11723
2023-09-30,10839,11391
2023-10-31,10782,11248
2023-11-30,11223,11968
2023-12-31,11422,12259
2024-01-31,11383,12232
2024-02-29,11394,12234
2024-03-31,11413,12222
2024-04-30,11357,12085
2024-05-31,11330,12060
2024-06-30,11455,12254
2024-07-31,11525,12360
2024-08-31,11594,12457
2024-09-30,11654,12589
2024-10-31,11543,12415
2024-11-30,11691,12617
2024-12-31,11577,12458
2025-01-31,11638,12487
2025-02-28,11729,12617
2025-03-31,11585,12397
2025-04-30,11530,12321
2025-05-31,11533,12288
2025-06-30,11576,12382
2025-07-31,11521,12347
2025-08-31,11594,12457

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 ($)
            2010-01-31,0
2010-02-28,0.04047
2010-03-31,0.03939
2010-04-30,0.03916
2010-05-31,0.03729
2010-06-30,0.03635
2010-07-31,0.03689
2010-08-31,0.03709
2010-09-30,0.03759
2010-10-31,0.03697
2010-11-30,0.03783
2010-12-31,0.03702
2011-01-31,0.03692
2011-02-28,0.03931
2011-03-31,0.03828
2011-04-30,0.03931
2011-05-31,0.03801
2011-06-30,0.03732
2011-07-31,0.03552
2011-08-31,0.03679
2011-09-30,0.03745
2011-10-31,0.03682
2011-11-30,0.03563
2011-12-31,0.03667
2012-01-31,0.03665
2012-02-29,0.03627
2012-03-31,0.03426
2012-04-30,0.03364
2012-05-31,0.03307
2012-06-30,0.03332
2012-07-31,0.03170
2012-08-31,0.03195
2012-09-30,0.03328
2012-10-31,0.03304
2012-11-30,0.03272
2012-12-31,0.03197
2013-01-31,0.03164
2013-02-28,0.03279
2013-03-31,0.03160
2013-04-30,0.03229
2013-05-31,0.03150
2013-06-30,0.03193
2013-07-31,0.03020
2013-08-31,0.02956
2013-09-30,0.03019
2013-10-31,0.02909
2013-11-30,0.03024
2013-12-31,0.02980
2014-01-31,0.02774
2014-02-28,0.02939
2014-03-31,0.02744
2014-04-30,0.02799
2014-05-31,0.02756
2014-06-30,0.02790
2014-07-31,0.02714
2014-08-31,0.02691
2014-09-30,0.02721
2014-10-31,0.02675
2014-11-30,0.02782
2014-12-31,0.02740
2015-01-31,0.02763
2015-02-28,0.02898
2015-03-31,0.02703
2015-04-30,0.02717
2015-05-31,0.02642
2015-06-30,0.02668
2015-07-31,0.02604
2015-08-31,0.02623
2015-09-30,0.02835
2015-10-31,0.02743
2015-11-30,0.02773
2015-12-31,0.02633
2016-01-31,0.02648
2016-02-29,0.02759
2016-03-31,0.02706
2016-04-30,0.02796
2016-05-31,0.02767
2016-06-30,0.02819
2016-07-31,0.02754
2016-08-31,0.02773
2016-09-30,0.03332
2016-10-31,0.02843
2016-11-30,0.02908
2016-12-31,0.02989
2017-01-31,0.03088
2017-02-28,0.03253
2017-03-31,0.03127
2017-04-30,0.03169
2017-05-31,0.03095
2017-06-30,0.03117
2017-07-31,0.03160
2017-08-31,0.03087
2017-09-30,0.03006
2017-10-31,0.02822
2017-11-30,0.02722
2017-12-31,0.02720
2018-01-31,0.02784
2018-02-28,0.02963
2018-03-31,0.02851
2018-04-30,0.02944
2018-05-31,0.02825
2018-06-30,0.02941
2018-07-31,0.02865
2018-08-31,0.02940
2018-09-30,0.02984
2018-10-31,0.02955
2018-11-30,0.02957
2018-12-31,0.02919
2019-01-31,0.02973
2019-02-28,0.03039
2019-03-31,0.02873
2019-04-30,0.02932
2019-05-31,0.02788
2019-06-30,0.02883
2019-07-31,0.02660
2019-08-31,0.02702
2019-09-30,0.02746
2019-10-31,0.02623
2019-11-30,0.02666
2019-12-31,0.02514
2020-01-31,0.02448
2020-02-29,0.02549
2020-03-31,0.02526
2020-04-30,0.02522
2020-05-31,0.02459
2020-06-30,0.02488
2020-07-31,0.02407
2020-08-31,0.02383
2020-09-30,0.02463
2020-10-31,0.02335
2020-11-30,0.02412
2020-12-31,0.02398
2021-01-31,0.02367
2021-02-28,0.02513
2021-03-31,0.02342
2021-04-30,0.02408
2021-05-31,0.02101
2021-06-30,0.02255
2021-07-31,0.02117
2021-08-31,0.02163
2021-09-30,0.02263
2021-10-31,0.02210
2021-11-30,0.02313
2021-12-31,0.02203
2022-01-31,0.02237
2022-02-28,0.02453
2022-03-31,0.02314
2022-04-30,0.02449
2022-05-31,0.02446
2022-06-30,0.02566
2022-07-31,0.02366
2022-08-31,0.02463
2022-09-30,0.02540
2022-10-31,0.02456
2022-11-30,0.02532
2022-12-31,0.02516
2023-01-31,0.02463
2023-02-28,0.02681
2023-03-31,0.02534
2023-04-30,0.02549
2023-05-31,0.02546
2023-06-30,0.02676
2023-07-31,0.02691
2023-08-31,0.02894
2023-09-30,0.02996
2023-10-31,0.02979
2023-11-30,0.03074
2023-12-31,0.03207
2024-01-31,0.02829
2024-02-29,0.03147
2024-03-31,0.03015
2024-04-30,0.03116
2024-05-31,0.03144
2024-06-30,0.03182
2024-07-31,0.03232
2024-08-31,0.03282
2024-09-30,0.03269
2024-10-31,0.03391
2024-11-30,0.03312
2024-12-31,0.03283
2025-01-31,0.03288
2025-02-28,0.03361
2025-03-31,0.03271
2025-04-30,0.03343
2025-05-31,0.03336
2025-06-30,0.03344
2025-07-31,0.03386
2025-08-31,0.03450

            Ex-Date, Payable Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
2010-01-31,1264896000,0,0,0,0
2010-02-26,1267315200,0.04047,0.04047,0,0
2010-03-31,1269993600,0.03939,0.03939,0,0
2010-04-30,1272585600,0.03916,0.03916,0,0
2010-05-28,1275264000,0.03729,0.03729,0,0
2010-06-30,1277856000,0.03635,0.03635,0,0
2010-07-30,1280534400,0.03689,0.03689,0,0
2010-08-31,1283212800,0.03709,0.03709,0,0
2010-09-30,1285804800,0.03759,0.03759,0,0
2010-10-29,1288483200,0.03697,0.03697,0,0
2010-11-30,1291075200,0.03783,0.03783,0,0
2010-12-31,1293753600,0.03702,0.03702,0,0
2011-01-31,1296432000,0.03692,0.03692,0,0
2011-02-28,1298851200,0.03931,0.03931,0,0
2011-03-31,1301529600,0.03828,0.03828,0,0
2011-04-29,1304121600,0.03931,0.03931,0,0
2011-05-31,1306800000,0.03801,0.03801,0,0
2011-06-30,1309392000,0.03732,0.03732,0,0
2011-07-29,1312070400,0.03552,0.03552,0,0
2011-08-31,1314748800,0.03679,0.03679,0,0
2011-09-30,1317340800,0.03745,0.03745,0,0
2011-10-31,1320019200,0.03682,0.03682,0,0
2011-11-30,1322611200,0.03563,0.03563,0,0
2011-12-30,1325289600,0.03667,0.03667,0,0
2012-01-31,1327968000,0.03665,0.03665,0,0
2012-02-29,1330473600,0.03627,0.03627,0,0
2012-03-30,1333152000,0.03426,0.03426,0,0
2012-04-30,1335744000,0.03364,0.03364,0,0
2012-05-31,1338422400,0.03307,0.03307,0,0
2012-06-29,1341014400,0.03332,0.03332,0,0
2012-07-31,1343692800,0.03170,0.03170,0,0
2012-08-31,1346371200,0.03195,0.03195,0,0
2012-09-28,1348963200,0.03328,0.03328,0,0
2012-10-31,1351641600,0.03304,0.03304,0,0
2012-11-30,1354233600,0.03272,0.03272,0,0
2012-12-31,1356912000,0.03197,0.03197,0,0
2013-01-31,1359590400,0.03164,0.03164,0,0
2013-02-28,1362009600,0.03279,0.03279,0,0
2013-03-28,1364688000,0.03160,0.03160,0,0
2013-04-30,1367280000,0.03229,0.03229,0,0
2013-05-31,1369958400,0.03150,0.03150,0,0
2013-06-28,1372550400,0.03193,0.03193,0,0
2013-07-31,1375228800,0.03020,0.03020,0,0
2013-08-30,1377907200,0.02956,0.02956,0,0
2013-09-30,1380499200,0.03019,0.03019,0,0
2013-10-31,1383177600,0.02909,0.02909,0,0
2013-11-29,1385769600,0.03024,0.03024,0,0
2013-12-31,1388448000,0.02980,0.02980,0,0
2014-01-31,1391126400,0.02774,0.02774,0,0
2014-02-28,1393545600,0.02939,0.02939,0,0
2014-03-31,1396224000,0.02744,0.02744,0,0
2014-04-30,1398816000,0.02799,0.02799,0,0
2014-05-30,1401494400,0.02756,0.02756,0,0
2014-06-30,1404086400,0.02790,0.02790,0,0
2014-07-31,1406764800,0.02714,0.02714,0,0
2014-08-29,1409443200,0.02691,0.02691,0,0
2014-09-30,1412035200,0.02721,0.02721,0,0
2014-10-31,1414713600,0.02675,0.02675,0,0
2014-11-28,1417305600,0.02782,0.02782,0,0
2014-12-31,1419984000,0.02740,0.02740,0,0
2015-01-30,1422662400,0.02763,0.02763,0,0
2015-02-27,1425081600,0.02898,0.02898,0,0
2015-03-31,1427760000,0.02703,0.02703,0,0
2015-04-30,1430352000,0.02717,0.02717,0,0
2015-05-29,1433030400,0.02642,0.02642,0,0
2015-06-30,1435622400,0.02668,0.02668,0,0
2015-07-31,1438300800,0.02604,0.02604,0,0
2015-08-31,1440979200,0.02623,0.02623,0,0
2015-09-30,1443571200,0.02835,0.02835,0,0
2015-10-30,1446249600,0.02743,0.02743,0,0
2015-11-30,1448841600,0.02773,0.02773,0,0
2015-12-31,1451520000,0.02633,0.02633,0,0
2016-01-29,1454198400,0.02648,0.02648,0,0
2016-02-29,1456704000,0.02759,0.02759,0,0
2016-03-31,1459382400,0.02706,0.02706,0,0
2016-04-29,1461974400,0.02796,0.02796,0,0
2016-05-31,1464652800,0.02767,0.02767,0,0
2016-06-30,1467244800,0.02819,0.02819,0,0
2016-07-29,1469923200,0.02754,0.02754,0,0
2016-08-31,1472601600,0.02773,0.02773,0,0
2016-09-30,1475193600,0.03332,0.03332,0,0
2016-10-31,1477872000,0.02843,0.02843,0,0
2016-11-30,1480464000,0.02908,0.02908,0,0
2016-12-30,1483142400,0.02989,0.02989,0,0
2017-01-31,1485820800,0.03088,0.03088,0,0
2017-02-28,1488240000,0.03253,0.03253,0,0
2017-03-31,1490918400,0.03127,0.03127,0,0
2017-04-28,1493510400,0.03169,0.03169,0,0
2017-05-31,1496188800,0.03095,0.03095,0,0
2017-06-30,1498780800,0.03117,0.03117,0,0
2017-07-31,1501459200,0.03160,0.03160,0,0
2017-08-31,1504137600,0.03087,0.03087,0,0
2017-09-29,1506729600,0.03006,0.03006,0,0
2017-10-31,1509408000,0.02822,0.02822,0,0
2017-11-30,1512000000,0.02722,0.02722,0,0
2017-12-29,1514678400,0.02720,0.02720,0,0
2018-01-31,1517356800,0.02784,0.02784,0,0
2018-02-28,1519776000,0.02963,0.02963,0,0
2018-03-29,1522454400,0.02851,0.02851,0,0
2018-04-30,1525046400,0.02944,0.02944,0,0
2018-05-31,1527724800,0.02825,0.02825,0,0
2018-06-29,1530316800,0.02941,0.02941,0,0
2018-07-31,1532995200,0.02865,0.02865,0,0
2018-08-31,1535673600,0.02940,0.02940,0,0
2018-09-28,1538265600,0.02984,0.02984,0,0
2018-10-31,1540944000,0.02955,0.02955,0,0
2018-11-30,1543536000,0.02957,0.02957,0,0
2018-12-31,1546214400,0.02919,0.02919,0,0
2019-01-31,1548892800,0.02973,0.02973,0,0
2019-02-28,1551312000,0.03039,0.03039,0,0
2019-03-29,1553990400,0.02873,0.02873,0,0
2019-04-30,1556582400,0.02932,0.02932,0,0
2019-05-31,1559260800,0.02788,0.02788,0,0
2019-06-28,1561852800,0.02883,0.02883,0,0
2019-07-31,1564531200,0.02660,0.02660,0,0
2019-08-31,1567209600,0.02702,0.02702,0,0
2019-09-30,1569801600,0.02746,0.02746,0,0
2019-10-31,1572480000,0.02623,0.02623,0,0
2019-11-30,1575072000,0.02666,0.02666,0,0
2019-12-31,1577750400,0.02514,0.02514,0,0
2020-01-31,1580428800,0.02448,0.02448,0,0
2020-02-29,1582934400,0.02549,0.02549,0,0
2020-03-31,1585612800,0.02526,0.02526,0,0
2020-04-30,1588204800,0.02522,0.02522,0,0
2020-05-31,1590883200,0.02459,0.02459,0,0
2020-06-30,1593475200,0.02488,0.02488,0,0
2020-07-31,1596153600,0.02407,0.02407,0,0
2020-08-31,1598832000,0.02383,0.02383,0,0
2020-09-30,1601424000,0.02463,0.02463,0,0
2020-10-30,1604102400,0.02335,0.02335,0,0
2020-11-30,1606694400,0.02412,0.02412,0,0
2020-12-31,1609372800,0.02398,0.02398,0,0
2021-01-29,1612051200,0.02367,0.02367,0,0
2021-02-26,1614470400,0.02513,0.02513,0,0
2021-03-31,1617148800,0.02342,0.02342,0,0
2021-04-30,1619740800,0.02408,0.02408,0,0
2021-05-28,1622419200,0.02101,0.02101,0,0
2021-06-30,1625011200,0.02255,0.02255,0,0
2021-07-30,1627689600,0.02117,0.02117,0,0
2021-08-31,1630368000,0.02163,0.02163,0,0
2021-09-30,1632960000,0.02263,0.02263,0,0
2021-10-29,1635638400,0.02210,0.02210,0,0
2021-11-30,1638230400,0.02313,0.02313,0,0
2021-12-31,1640908800,0.02203,0.02203,0,0
2022-01-31,1643587200,0.02237,0.02237,0,0
2022-02-28,1646006400,0.02453,0.02453,0,0
2022-03-31,1648684800,0.02314,0.02314,0,0
2022-04-29,1651276800,0.02449,0.02449,0,0
2022-05-31,1653955200,0.02446,0.02446,0,0
2022-06-30,1656547200,0.02566,0.02566,0,0
2022-07-29,1659225600,0.02366,0.02366,0,0
2022-08-31,1661904000,0.02463,0.02463,0,0
2022-09-30,1664496000,0.02540,0.02540,0,0
2022-10-31,1667174400,0.02456,0.02456,0,0
2022-11-30,1669766400,0.02532,0.02532,0,0
2022-12-30,1672444800,0.02516,0.02516,0,0
2023-01-31,1675123200,0.02463,0.02463,0,0
2023-02-28,1677542400,0.02681,0.02681,0,0
2023-03-31,1680220800,0.02534,0.02534,0,0
2023-04-28,1682812800,0.02549,0.02549,0,0
2023-05-31,1685491200,0.02546,0.02546,0,0
2023-06-30,1688083200,0.02676,0.02676,0,0
2023-07-31,1690761600,0.02691,0.02691,0,0
2023-08-31,1693440000,0.02894,0.02894,0,0
2023-09-29,1696032000,0.02996,0.02996,0,0
2023-10-31,1698710400,0.02979,0.02979,0,0
2023-11-30,1701302400,0.03074,0.03074,0,0
2023-12-29,1703980800,0.03207,0.03207,0,0
2024-01-31,1706659200,0.02829,0.02829,0,0
2024-02-29,1709164800,0.03147,0.03147,0,0
2024-03-28,1711843200,0.03015,0.03015,0,0
2024-04-30,1714435200,0.03116,0.03116,0,0
2024-05-31,1717113600,0.03144,0.03144,0,0
2024-06-28,1719705600,0.03182,0.03182,0,0
2024-07-31,1722384000,0.03232,0.03232,0,0
2024-08-30,1725062400,0.03282,0.03282,0,0
2024-09-30,1727654400,0.03269,0.03269,0,0
2024-10-31,1730332800,0.03391,0.03391,0,0
2024-11-29,1732924800,0.03312,0.03312,0,0
2024-12-31,1735603200,0.03283,0.03283,0,0
2025-01-31,1738281600,0.03288,0.03288,0,0
2025-02-28,1740700800,0.03361,0.03361,0,0
2025-03-31,1743379200,0.03271,0.03271,0,0
2025-04-30,1745971200,0.03343,0.03343,0,0
2025-05-30,1748649600,0.03336,0.03336,0,0
2025-06-30,1751241600,0.03344,0.03344,0,0
2025-07-31,1753920000,0.03386,0.03386,0,0
2025-08-29,1756598400,0.03450,0.03450,0,0

Distributions

(As of 29 Aug 2025)

Ex-Date

Payable Date

Total ($)

Income ($)

ST Cap Gains ($)

LT Cap Gains ($)

31 Jan 2010

—

26 Feb 2010

28 Feb 2010

0.04047

—

31 Mar 2010

0.03939

—

30 Apr 2010

0.03916

—

28 May 2010

31 May 2010

0.03729

—

30 Jun 2010

0.03635

—

30 Jul 2010

31 Jul 2010

0.03689

—

31 Aug 2010

0.03709

—

30 Sep 2010

0.03759

—

29 Oct 2010

31 Oct 2010

0.03697

—

30 Nov 2010

0.03783

—

31 Dec 2010

0.03702

—

31 Jan 2011

0.03692

—

28 Feb 2011

0.03931

—

31 Mar 2011

0.03828

—

29 Apr 2011

30 Apr 2011

0.03931

—

31 May 2011

0.03801

—

30 Jun 2011

0.03732

—

29 Jul 2011

31 Jul 2011

0.03552

—

31 Aug 2011

0.03679

—

30 Sep 2011

0.03745

—

31 Oct 2011

0.03682

—

30 Nov 2011

0.03563

—

30 Dec 2011

31 Dec 2011

0.03667

—

31 Jan 2012

0.03665

—

29 Feb 2012

0.03627

—

30 Mar 2012

31 Mar 2012

0.03426

—

30 Apr 2012

0.03364

—

31 May 2012

0.03307

—

29 Jun 2012

30 Jun 2012

0.03332

—

31 Jul 2012

0.03170

—

31 Aug 2012

0.03195

—

28 Sep 2012

30 Sep 2012

0.03328

—

31 Oct 2012

0.03304

—

30 Nov 2012

0.03272

—

31 Dec 2012

0.03197

—

31 Jan 2013

0.03164

—

28 Feb 2013

0.03279

—

28 Mar 2013

31 Mar 2013

0.03160

—

30 Apr 2013

0.03229

—

31 May 2013

0.03150

—

28 Jun 2013

30 Jun 2013

0.03193

—

31 Jul 2013

0.03020

—

30 Aug 2013

31 Aug 2013

0.02956

—

30 Sep 2013

0.03019

—

31 Oct 2013

0.02909

—

29 Nov 2013

30 Nov 2013

0.03024

—

31 Dec 2013

0.02980

—

31 Jan 2014

0.02774

—

28 Feb 2014

0.02939

—

31 Mar 2014

0.02744

—

30 Apr 2014

0.02799

—

30 May 2014

31 May 2014

0.02756

—

30 Jun 2014

0.02790

—

31 Jul 2014

0.02714

—

29 Aug 2014

31 Aug 2014

0.02691

—

30 Sep 2014

0.02721

—

31 Oct 2014

0.02675

—

28 Nov 2014

30 Nov 2014

0.02782

—

31 Dec 2014

0.02740

—

30 Jan 2015

31 Jan 2015

0.02763

—

27 Feb 2015

28 Feb 2015

0.02898

—

31 Mar 2015

0.02703

—

30 Apr 2015

0.02717

—

29 May 2015

31 May 2015

0.02642

—

30 Jun 2015

0.02668

—

31 Jul 2015

0.02604

—

31 Aug 2015

0.02623

—

30 Sep 2015

0.02835

—

30 Oct 2015

31 Oct 2015

0.02743

—

30 Nov 2015

0.02773

—

31 Dec 2015

0.02633

—

29 Jan 2016

31 Jan 2016

0.02648

—

29 Feb 2016

0.02759

—

31 Mar 2016

0.02706

—

29 Apr 2016

30 Apr 2016

0.02796

—

31 May 2016

0.02767

—

30 Jun 2016

0.02819

—

29 Jul 2016

31 Jul 2016

0.02754

—

31 Aug 2016

0.02773

—

30 Sep 2016

0.03332

—

31 Oct 2016

0.02843

—

30 Nov 2016

0.02908

—

30 Dec 2016

31 Dec 2016

0.02989

—

31 Jan 2017

0.03088

—

28 Feb 2017

0.03253

—

31 Mar 2017

0.03127

—

28 Apr 2017

30 Apr 2017

0.03169

—

31 May 2017

0.03095

—

30 Jun 2017

0.03117

—

31 Jul 2017

0.03160

—

31 Aug 2017

0.03087

—

29 Sep 2017

30 Sep 2017

0.03006

—

31 Oct 2017

0.02822

—

30 Nov 2017

0.02722

—

29 Dec 2017

31 Dec 2017

0.02720

—

31 Jan 2018

0.02784

—

28 Feb 2018

0.02963

—

29 Mar 2018

31 Mar 2018

0.02851

—

30 Apr 2018

0.02944

—

31 May 2018

0.02825

—

29 Jun 2018

30 Jun 2018

0.02941

—

31 Jul 2018

0.02865

—

31 Aug 2018

0.02940

—

28 Sep 2018

30 Sep 2018

0.02984

—

31 Oct 2018

0.02955

—

30 Nov 2018

0.02957

—

31 Dec 2018

0.02919

—

31 Jan 2019

0.02973

—

28 Feb 2019

0.03039

—

29 Mar 2019

31 Mar 2019

0.02873

—

30 Apr 2019

0.02932

—

31 May 2019

0.02788

—

28 Jun 2019

30 Jun 2019

0.02883

—

31 Jul 2019

0.02660

—

31 Aug 2019

0.02702

—

30 Sep 2019

0.02746

—

31 Oct 2019

0.02623

—

30 Nov 2019

0.02666

—

31 Dec 2019

0.02514

—

31 Jan 2020

0.02448

—

29 Feb 2020

0.02549

—

31 Mar 2020

0.02526

—

30 Apr 2020

0.02522

—

31 May 2020

0.02459

—

30 Jun 2020

0.02488

—

31 Jul 2020

0.02407

—

31 Aug 2020

0.02383

—

30 Sep 2020

0.02463

—

30 Oct 2020

31 Oct 2020

0.02335

—

30 Nov 2020

0.02412

—

31 Dec 2020

0.02398

—

29 Jan 2021

31 Jan 2021

0.02367

—

26 Feb 2021

28 Feb 2021

0.02513

—

31 Mar 2021

0.02342

—

30 Apr 2021

0.02408

—

28 May 2021

31 May 2021

0.02101

—

30 Jun 2021

0.02255

—

30 Jul 2021

31 Jul 2021

0.02117

—

31 Aug 2021

0.02163

—

30 Sep 2021

0.02263

—

29 Oct 2021

31 Oct 2021

0.02210

—

30 Nov 2021

0.02313

—

31 Dec 2021

0.02203

—

31 Jan 2022

0.02237

—

28 Feb 2022

0.02453

—

31 Mar 2022

0.02314

—

29 Apr 2022

30 Apr 2022

0.02449

—

31 May 2022

0.02446

—

30 Jun 2022

0.02566

—

29 Jul 2022

31 Jul 2022

0.02366

—

31 Aug 2022

0.02463

—

30 Sep 2022

0.02540

—

31 Oct 2022

0.02456

—

30 Nov 2022

0.02532

—

30 Dec 2022

31 Dec 2022

0.02516

—

31 Jan 2023

0.02463

—

28 Feb 2023

0.02681

—

31 Mar 2023

0.02534

—

28 Apr 2023

30 Apr 2023

0.02549

—

31 May 2023

0.02546

—

30 Jun 2023

0.02676

—

31 Jul 2023

0.02691

—

31 Aug 2023

0.02894

—

29 Sep 2023

30 Sep 2023

0.02996

—

31 Oct 2023

0.02979

—

30 Nov 2023

0.03074

—

29 Dec 2023

31 Dec 2023

0.03207

—

31 Jan 2024

0.02829

—

29 Feb 2024

0.03147

—

28 Mar 2024

31 Mar 2024

0.03015

—

30 Apr 2024

0.03116

—

31 May 2024

0.03144

—

28 Jun 2024

30 Jun 2024

0.03182

—

31 Jul 2024

0.03232

—

30 Aug 2024

31 Aug 2024

0.03282

—

30 Sep 2024

0.03269

—

31 Oct 2024

0.03391

—

29 Nov 2024

30 Nov 2024

0.03312

—

31 Dec 2024

0.03283

—

31 Jan 2025

0.03288

—

28 Feb 2025

0.03361

—

31 Mar 2025

0.03271

—

30 Apr 2025

0.03343

—

30 May 2025

31 May 2025

0.03336

—

30 Jun 2025

0.03344

—

31 Jul 2025

0.03386

—

29 Aug 2025

31 Aug 2025

0.03450

—

Fund Facts

(As of 31 Jul 2025)

Net Fund Assets

$24.6 M

Benchmark

ICE BofA U.S. Municipal Securities Index

Morningstar Category

Muni New York Intermediate

Fund Symbol

TNYIX

Share Class

Share Class Inception Date

1 Feb 2010

Distribution Frequency

Monthly

30-Day SEC Yield (Subsidized)

3.47%

30-Day SEC Yield (Unsubsidized)

2.80%

Annualized Distribution Yield

3.43%

Characteristics

Portfolio

(As of 31 Jul 2025)

Portfolio

Benchmark

Number of Holdings

—

Annual Portfolio Turnover

20%

—

Effective Duration

6.1 Yrs

7.6 Yrs

Average Effective Maturity

10.7 Yrs

14.0 Yrs

Portfolio

Benchmark

Weighted Average Coupon

4.5%

Yield to Worst

3.9%

4.0%

Subject to Alternative Minimum Tax

8.5%

—

Risk & Return Profile

(As of 31 Jul 2025)

10y

Annualized Alpha (%)

0.75

0.17

0.04

Standard Deviation (%)

4.01

3.79

3.43

Sharpe Ratio

-0.79

-0.70

-0.18

Up Capture (%)

62.96

63.58

66.86

Down Capture (%)

54.25

61.17

66.96

Past performance does not guarantee future results.

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

Portfolio

Top Holdings

(As of 31 Jul 2025)

Name

Ticker/Symbol

Weight %

New York City Transitional Finance Authority Future Tax Secured Revenue

64971XRX8

4.3

Metropolitan Transportation Authority

59259Y6P9

4.1

Nassau County Sewer & Storm Water Finance Authority

63166QCF5

4.1

City of New York NY

64966Q6J4

3.3

Long Island Power Authority

542690UY6

2.9

Troy Capital Resource Corp.

897579BR8

2.8

New York City Transitional Finance Authority Future Tax Secured Revenue

64971XFT0

2.5

New York State Energy Research & Development Authority

649845HY3

2.2

Guam Government Waterworks Authority

40065FCS1

2.1

City of Long Beach NY

542519ES8

2.1

Download Holdings

Portfolio holdings are subject to change daily.

Exposure Breakdown

(As of 31 Jul 2025)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

Water/Sewer

15.5

6.4

Dedicated Tax

15.4

13.5

Multi Family Mortgage

10.5

2.3

Local General Obligation

8.1

11.7

Higher Education

7.6

—

Other Revenue

5.8

—

Other Transportation

5.8

5.5

Cash & Cash Equivalents

4.3

—

Single Family Mortgage

4.1

1.9

Public Power

4.0

5.8

Airport

3.9

5.3

Sector Allocation

Fund (%)

Water/Sewer

15.5

Dedicated Tax

15.4

Multi Family Mortgage

10.5

Local General Obligation

8.1

Higher Education

7.6

Other Revenue

5.8

Other Transportation

5.8

Cash & Cash Equivalents

4.3

Single Family Mortgage

4.1

Public Power

4.0

Airport

3.9

Credit Quality

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

AAA

9.1

13.6

57.7

56.7

19.4

24.0

BBB

7.0

5.7

Not Rated

2.4

—

Cash & Cash Equivalents

4.3

—

Credit Quality

Fund (%)

AAA

9.1

57.7

19.4

BBB

7.0

Not Rated

2.4

Cash & Cash Equivalents

4.3

Maturity

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

Year 1-2

11.7

6.0

Year 3-4

6.9

10.0

Year 5-6

2.9

9.6

Year 7-8

12.6

9.4

Year 9-10

9.2

7.6

Year 11-12

6.1

6.0

Year 13-14

6.5

5.0

Year 15-16

7.5

5.0

Year 17+

32.4

38.0

Cash

4.3

—

Maturity

Fund (%)

Year 1-2

11.7

Year 3-4

6.9

Year 5-6

2.9

Year 7-8

12.6

Year 9-10

9.2

Year 11-12

6.1

Year 13-14

6.5

Year 15-16

7.5

Year 17+

32.4

Cash

4.3

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

Percentages may not add up to 100 due to rounding.

Prior versions of this website, between July 15, 2025, and July 25, 2025, included erroneous data in which the June 30, 2025, cash position was understated. Other data points affected by this error include Exposure Breakdown, i.e., Sector, Credit Quality, and Maturity. Please refer to the current data instead of that on the previous website versions.

Portfolio Managers

David Ashley, CFA

Portfolio Manager and Managing Director

David Ashley is a 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…

Learn More

Eve Lando, JD

Portfolio Manager and Managing Director

Eve Lando is a 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…

Learn More

Craig Mauermann, ChFC

Portfolio Manager and Managing Director

Craig Mauermann, ChFC, is a portfolio manager for Thornburg Investment Management. He joined the firm in 2021 as a senior fixed income analyst and was promoted to associate portfolio manager in 2024 and was named portfolio manager in 2025. Craig has extensive municipal research and investment experience. He began his career at Strong Capital Management as an analyst and trader…

Learn More

Literature

Fact Sheet

Commentary

Summary Prospectus

Annual Financial Statements

Semi-Annual Financial Statements

Prospectus

Statement of Additional Information (SAI)

Annual TSR

Semi-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.

The performance of any index is not indicative of the performance of any particular investment. Unless otherwise noted, index returns reflect the reinvestment of income dividends and capital gains, if any, but do not reflect fees, brokerage commissions or other expenses of investing. Investors may not make direct investments into any index.

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

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

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

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

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

© 2025 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 New York Intermediate Municipal 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

David Ashley, CFA

Eve Lando, JD

Craig Mauermann, ChFC

Literature

Important Information

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Solving the Hunt for Yield Amid Rate Volatility and Compressed Spreads

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Thornburg New York Intermediate Municipal 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

David Ashley, CFA

Eve Lando, JD

Craig Mauermann, ChFC

Literature

Important Information

More Insights

Investment Perspectives from the Road: Hong Kong and China

The U.S.-China Relationship, the Fed, and Data Reliability

Retirement Resources: The Endowment Spending Policy

The Enduring Role of Active Investment Management

Active Investing in a Passive World

Solving the Hunt for Yield Amid Rate Volatility and Compressed Spreads