THMIX

Thornburg Intermediate Municipal Fund

Morningstar Rating • Info

Overall Morningstar Rating among 253 Muni National 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 4 stars among 253, 237 and 178 funds, as of 31 Aug 2026.

As of 31 Aug 2026

Fund Assets

$1.3 B

As of 31 Aug 2026

NAV

$12.53

As of 24 Sep 2026

Change

$-0.10

As of 24 Sep 2026

YTD NAV Performance

-2.43%

As of 24 Sep 2026

Asset Category:

Municipal Bond

Fund Benchmark:

ICE BofA 3-15 Year 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 intermediate-term investment grade municipal bonds with an average maturity of three to ten years and duration of four to six years.
Proven bottom-up fundamental approach that incorporates a top-down macroeconomic overlay to identify what we perceive to be the most attractive opportunities on a relative value basis across geographic regions, sectors, issuers and revenue streams.
Relative value philosophy that seeks to maximize tax-exempt income while minimizing changes in its share value. The fund focuses on identifying attractive value in the investment-grade municipal bond market. We apply a strict discipline of fundamental credit research and strive to produce an attractive dividend while avoiding the long maturities that are most vulnerable to interest-rate swings.

Investment Objective

The fund’s goal is to provide investors with as high a level of current income exempt from federal individual income tax as is consistent with preservation of capital. The fund also seeks to reduce share price volatility compared to longer-term bond portfolios.

Investment Approach

The fund is an actively managed diversified portfolio of municipal bonds. The investment team applies a relative value framework, focusing on fundamentals and valuations to identify inefficiencies in the market. Team members are responsible for credit research, portfolio construction, trading and risk oversight and have the flexibility to source ideas across sector, geography and issuer. The strategy maintains exposure across the maturity spectrum to manage duration, hedge against interest rate fluctuations and limit taxable events.

Returns

(As of 30 Jun 2026)

YTD

10y

Inception

Total Return (%)

2.43

6.59

4.36

1.74

2.05

3.84

ICE BofA 3-15 Year U.S. Municipal Securities Index (%)

1.09

5.32

3.65

1.21

2.09

—

Morningstar Category Avg. (%)

1.99

6.18

3.86

1.09

1.86

—

Morningstar Quartile

—

Morningstar Quartile # of Funds

—

276

256

239

177

—

YTD

10y

Inception

Total Return (%)

0.71

4.09

3.87

1.30

1.89

3.76

ICE BofA 3-15 Year U.S. Municipal Securities Index (%)

-0.23

2.69

3.41

0.84

1.93

—

Morningstar Category Avg. (%)

0.3

3.8

3.49

0.67

1.68

—

Morningstar Quartile

—

Morningstar Quartile # of Funds

—

275

253

237

178

—

YTD

10y

Inception

Total Return (%)

2.43

6.59

13.67

8.98

22.55

209.68

ICE BofA 3-15 Year U.S. Municipal Securities Index (%)

1.09

5.32

11.35

6.19

22.93

—

YTD

10y

Inception

Total Return (%)

0.71

4.09

12.07

6.65

20.62

204.48

ICE BofA 3-15 Year U.S. Municipal Securities Index (%)

-0.23

2.69

10.57

4.26

21.03

—

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Total Return (%)

-0.13

3.85

0.81

5.90

4.06

1.23

-6.13

5.71

2.01

4.94

ICE BofA 3-15 Year U.S. Municipal Securities Index (%)

-0.06

4.64

1.45

7.01

4.96

0.94

-6.64

5.41

0.99

5.42

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 National Intermediate category is based on total returns before sales charges.

The maximum sales charge for the Fund's A shares is 2.00%. C shares include a 0.60% contingent deferred sales charge (CDSC) for the first year only. There is no up-front sales charge for class I shares.

Share class inception dates: A shares, 22 Jul 1991; C shares, 1 Sep 1994; I shares, 5 Jul 1996.

Fund Fees

(As of 1 Feb 2026)

Gross Expense Ratio (%)

0.66

Net Expense Ratio (%)

0.48

Hypothetical Growth of $10,000

(As of 31 Aug 2026)

(Hypothetical Growth of $10,000 vs ICE BofA 3-15 Year U.S. Municipal Securities Index)

Categories,I Shares,ICE BofA 3-15 Year U.S. Municipal Securities Index                        
2025-08-31,10000,10000
2025-09-30,10188,10159
2025-10-31,10307,10241
2025-11-30,10333,10265
2025-12-31,10336,10293
2026-01-31,10424,10398
2026-02-28,10536,10511
2026-03-31,10350,10238
2026-04-30,10447,10327
2026-05-31,10497,10358
2026-06-30,10587,10404
2026-07-31,10438,10245
2026-08-31,10409,10269

Categories,I Shares,ICE BofA 3-15 Year U.S. Municipal Securities Index                        
2023-08-31,10000,10000
2023-09-30,9821,9770
2023-10-31,9773,9705
2023-11-30,10208,10188
2023-12-31,10394,10410
2024-01-31,10378,10379
2024-02-29,10401,10388
2024-03-31,10433,10378
2024-04-30,10346,10266
2024-05-31,10338,10196
2024-06-30,10465,10337
2024-07-31,10552,10430
2024-08-31,10616,10535
2024-09-30,10713,10631
2024-10-31,10593,10483
2024-11-30,10731,10617
2024-12-31,10603,10513
2025-01-31,10685,10573
2025-02-28,10784,10682
2025-03-31,10646,10532
2025-04-30,10607,10487
2025-05-31,10625,10535
2025-06-30,10694,10638
2025-07-31,10680,10669
2025-08-31,10766,10768
2025-09-30,10969,10939
2025-10-31,11097,11028
2025-11-30,11124,11053
2025-12-31,11127,11083
2026-01-31,11222,11197
2026-02-28,11343,11318
2026-03-31,11143,11024
2026-04-30,11247,11120
2026-05-31,11301,11154
2026-06-30,11398,11204
2026-07-31,11238,11033
2026-08-31,11207,11057

Categories,I Shares,ICE BofA 3-15 Year U.S. Municipal Securities Index                        
2021-08-31,10000,10000
2021-09-30,9944,9928
2021-10-31,9901,9906
2021-11-30,9963,9963
2021-12-31,9969,9973
2022-01-31,9744,9698
2022-02-28,9708,9654
2022-03-31,9455,9388
2022-04-30,9266,9164
2022-05-31,9372,9308
2022-06-30,9295,9210
2022-07-31,9472,9440
2022-08-31,9339,9255
2022-09-30,9113,8961
2022-10-31,9066,8929
2022-11-30,9319,9274
2022-12-31,9358,9311
2023-01-31,9533,9552
2023-02-28,9394,9347
2023-03-31,9535,9539
2023-04-30,9532,9516
2023-05-31,9479,9419
2023-06-30,9542,9487
2023-07-31,9591,9511
2023-08-31,9516,9429
2023-09-30,9346,9212
2023-10-31,9301,9151
2023-11-30,9714,9606
2023-12-31,9892,9815
2024-01-31,9876,9786
2024-02-29,9898,9795
2024-03-31,9928,9785
2024-04-30,9846,9680
2024-05-31,9838,9614
2024-06-30,9959,9747
2024-07-31,10042,9834
2024-08-31,10103,9934
2024-09-30,10195,10023
2024-10-31,10081,9884
2024-11-30,10212,10010
2024-12-31,10090,9913
2025-01-31,10168,9969
2025-02-28,10262,10072
2025-03-31,10131,9931
2025-04-30,10094,9888
2025-05-31,10112,9933
2025-06-30,10176,10030
2025-07-31,10163,10059
2025-08-31,10245,10153
2025-09-30,10438,10314
2025-10-31,10560,10398
2025-11-30,10587,10422
2025-12-31,10589,10450
2026-01-31,10680,10557
2026-02-28,10795,10672
2026-03-31,10604,10394
2026-04-30,10704,10485
2026-05-31,10755,10517
2026-06-30,10847,10564
2026-07-31,10694,10402
2026-08-31,10665,10426

Categories,I Shares,ICE BofA 3-15 Year U.S. Municipal Securities Index                        
2016-08-31,10000,10000
2016-09-30,9971,9968
2016-10-31,9893,9886
2016-11-30,9574,9522
2016-12-31,9655,9620
2017-01-31,9668,9684
2017-02-28,9716,9752
2017-03-31,9736,9774
2017-04-30,9806,9860
2017-05-31,9931,9999
2017-06-30,9903,9957
2017-07-31,9959,10034
2017-08-31,10021,10118
2017-09-30,9986,10067
2017-10-31,9992,10073
2017-11-30,9949,9989
2017-12-31,10027,10067
2018-01-31,9941,9970
2018-02-28,9913,9930
2018-03-31,9927,9949
2018-04-30,9898,9916
2018-05-31,9984,10023
2018-06-30,9998,10034
2018-07-31,10027,10074
2018-08-31,10041,10086
2018-09-30,9990,10032
2018-10-31,9940,9975
2018-11-30,10027,10092
2018-12-31,10107,10212
2019-01-31,10181,10315
2019-02-28,10226,10373
2019-03-31,10336,10496
2019-04-30,10359,10522
2019-05-31,10478,10674
2019-06-30,10524,10721
2019-07-31,10600,10815
2019-08-31,10728,10941
2019-09-30,10655,10849
2019-10-31,10664,10869
2019-11-30,10680,10887
2019-12-31,10704,10928
2020-01-31,10878,11109
2020-02-29,11008,11217
2020-03-31,10604,10844
2020-04-30,10485,10737
2020-05-31,10729,11083
2020-06-30,10845,11159
2020-07-31,11005,11323
2020-08-31,10975,11296
2020-09-30,10976,11293
2020-10-31,10946,11270
2020-11-30,11077,11402
2020-12-31,11138,11469
2021-01-31,11208,11534
2021-02-28,11078,11362
2021-03-31,11132,11416
2021-04-30,11202,11501
2021-05-31,11226,11528
2021-06-30,11257,11548
2021-07-31,11327,11636
2021-08-31,11311,11608
2021-09-30,11248,11525
2021-10-31,11199,11500
2021-11-30,11269,11566
2021-12-31,11275,11578
2022-01-31,11021,11258
2022-02-28,10981,11207
2022-03-31,10694,10897
2022-04-30,10481,10639
2022-05-31,10600,10805
2022-06-30,10513,10692
2022-07-31,10714,10958
2022-08-31,10563,10744
2022-09-30,10308,10403
2022-10-31,10254,10365
2022-11-30,10540,10766
2022-12-31,10584,10809
2023-01-31,10783,11088
2023-02-28,10625,10850
2023-03-31,10785,11073
2023-04-30,10781,11046
2023-05-31,10721,10934
2023-06-30,10793,11013
2023-07-31,10849,11041
2023-08-31,10764,10945
2023-09-30,10571,10694
2023-10-31,10520,10623
2023-11-30,10987,11151
2023-12-31,11188,11394
2024-01-31,11170,11360
2024-02-29,11196,11370
2024-03-31,11229,11359
2024-04-30,11136,11237
2024-05-31,11128,11160
2024-06-30,11264,11314
2024-07-31,11358,11416
2024-08-31,11427,11531
2024-09-30,11531,11635
2024-10-31,11402,11474
2024-11-30,11550,11621
2024-12-31,11413,11507
2025-01-31,11501,11572
2025-02-28,11607,11692
2025-03-31,11459,11528
2025-04-30,11417,11479
2025-05-31,11437,11531
2025-06-30,11510,11643
2025-07-31,11495,11677
2025-08-31,11588,11786
2025-09-30,11806,11973
2025-10-31,11944,12070
2025-11-30,11974,12098
2025-12-31,11977,12131
2026-01-31,12079,12255
2026-02-28,12210,12388
2026-03-31,11994,12066
2026-04-30,12106,12171
2026-05-31,12164,12208
2026-06-30,12268,12263
2026-07-31,12096,12076
2026-08-31,12062,12103

Categories,I Shares                        
1996-07-05,10000
1996-07-31,10164
1996-08-31,10195
1996-09-30,10311
1996-10-31,10404
1996-11-30,10521
1996-12-31,10496
1997-01-31,10511
1997-02-28,10590
1997-03-31,10526
1997-04-30,10589
1997-05-31,10692
1997-06-30,10804
1997-07-31,10996
1997-08-31,10944
1997-09-30,11040
1997-10-31,11103
1997-11-30,11149
1997-12-31,11271
1998-01-31,11359
1998-02-28,11382
1998-03-31,11403
1998-04-30,11358
1998-05-31,11515
1998-06-30,11553
1998-07-31,11566
1998-08-31,11724
1998-09-30,11858
1998-10-31,11853
1998-11-30,11884
1998-12-31,11923
1999-01-31,12041
1999-02-28,12003
1999-03-31,11998
1999-04-30,12047
1999-05-31,11980
1999-06-30,11815
1999-07-31,11856
1999-08-31,11796
1999-09-30,11764
1999-10-31,11676
1999-11-30,11763
1999-12-31,11721
2000-01-31,11651
2000-02-29,11748
2000-03-31,11909
2000-04-30,11849
2000-05-31,11740
2000-06-30,11960
2000-07-31,12076
2000-08-31,12193
2000-09-30,12169
2000-10-31,12259
2000-11-30,12310
2000-12-31,12564
2001-01-31,12676
2001-02-28,12728
2001-03-31,12819
2001-04-30,12687
2001-05-31,12809
2001-06-30,12903
2001-07-31,13096
2001-08-31,13290
2001-09-30,13293
2001-10-31,13416
2001-11-30,13287
2001-12-31,13197
2002-01-31,13391
2002-02-28,13535
2002-03-31,13311
2002-04-30,13548
2002-05-31,13610
2002-06-30,13754
2002-07-31,13919
2002-08-31,14053
2002-09-30,14323
2002-10-31,14080
2002-11-30,14027
2002-12-31,14321
2003-01-31,14256
2003-02-28,14477
2003-03-31,14495
2003-04-30,14578
2003-05-31,14865
2003-06-30,14786
2003-07-31,14349
2003-08-31,14466
2003-09-30,14823
2003-10-31,14744
2003-11-30,14872
2003-12-31,14956
2004-01-31,15018
2004-02-29,15247
2004-03-31,15175
2004-04-30,14881
2004-05-31,14877
2004-06-30,14931
2004-07-31,15074
2004-08-31,15307
2004-09-30,15358
2004-10-31,15443
2004-11-30,15334
2004-12-31,15488
2005-01-31,15562
2005-02-28,15533
2005-03-31,15433
2005-04-30,15625
2005-05-31,15724
2005-06-30,15811
2005-07-31,15722
2005-08-31,15846
2005-09-30,15804
2005-10-31,15736
2005-11-30,15789
2005-12-31,15900
2006-01-31,15943
2006-02-28,16019
2006-03-31,15952
2006-04-30,15946
2006-05-31,16025
2006-06-30,15983
2006-07-31,16136
2006-08-31,16327
2006-09-30,16420
2006-10-31,16488
2006-11-30,16582
2006-12-31,16539
2007-01-31,16520
2007-02-28,16678
2007-03-31,16673
2007-04-30,16731
2007-05-31,16687
2007-06-30,16655
2007-07-31,16752
2007-08-31,16721
2007-09-30,16922
2007-10-31,16968
2007-11-30,17066
2007-12-31,17073
2008-01-31,17315
2008-02-29,16723
2008-03-31,17099
2008-04-30,17214
2008-05-31,17313
2008-06-30,17137
2008-07-31,17185
2008-08-31,17368
2008-09-30,16749
2008-10-31,16410
2008-11-30,16446
2008-12-31,16443
2009-01-31,17217
2009-02-28,17174
2009-03-31,17143
2009-04-30,17498
2009-05-31,17772
2009-06-30,17645
2009-07-31,17921
2009-08-31,18184
2009-09-30,18853
2009-10-31,18537
2009-11-30,18703
2009-12-31,18740
2010-01-31,18848
2010-02-28,19042
2010-03-31,18976
2010-04-30,19156
2010-05-31,19306
2010-06-30,19326
2010-07-31,19563
2010-08-31,19989
2010-09-30,19960
2010-10-31,19917
2010-11-30,19567
2010-12-31,19292
2011-01-31,19165
2011-02-28,19440
2011-03-31,19387
2011-04-30,19663
2011-05-31,19998
2011-06-30,20065
2011-07-31,20280
2011-08-31,20525
2011-09-30,20694
2011-10-31,20619
2011-11-30,20788
2011-12-31,21174
2012-01-31,21648
2012-02-29,21659
2012-03-31,21528
2012-04-30,21754
2012-05-31,21917
2012-06-30,21896
2012-07-31,22170
2012-08-31,22209
2012-09-30,22342
2012-10-31,22410
2012-11-30,22763
2012-12-31,22515
2013-01-31,22615
2013-02-28,22730
2013-03-31,22651
2013-04-30,22827
2013-05-31,22620
2013-06-30,22108
2013-07-31,22027
2013-08-31,21866
2013-09-30,22222
2013-10-31,22370
2013-11-30,22325
2013-12-31,22296
2014-01-31,22641
2014-02-28,22844
2014-03-31,22832
2014-04-30,23066
2014-05-31,23281
2014-06-30,23284
2014-07-31,23319
2014-08-31,23586
2014-09-30,23618
2014-10-31,23734
2014-11-30,23733
2014-12-31,23831
2015-01-31,24145
2015-02-28,23927
2015-03-31,23974
2015-04-30,23886
2015-05-31,23798
2015-06-30,23776
2015-07-31,23907
2015-08-31,23936
2015-09-30,24070
2015-10-31,24170
2015-11-30,24254
2015-12-31,24405
2016-01-31,24655
2016-02-29,24650
2016-03-31,24730
2016-04-30,24863
2016-05-31,24910
2016-06-30,25269
2016-07-31,25212
2016-08-31,25242
2016-09-30,25169
2016-10-31,24972
2016-11-30,24166
2016-12-31,24372
2017-01-31,24403
2017-02-28,24526
2017-03-31,24576
2017-04-30,24751
2017-05-31,25068
2017-06-30,24997
2017-07-31,25138
2017-08-31,25296
2017-09-30,25205
2017-10-31,25221
2017-11-30,25113
2017-12-31,25309
2018-01-31,25093
2018-02-28,25022
2018-03-31,25057
2018-04-30,24985
2018-05-31,25201
2018-06-30,25238
2018-07-31,25309
2018-08-31,25345
2018-09-30,25217
2018-10-31,25089
2018-11-30,25310
2018-12-31,25513
2019-01-31,25697
2019-02-28,25812
2019-03-31,26090
2019-04-30,26148
2019-05-31,26447
2019-06-30,26564
2019-07-31,26756
2019-08-31,27079
2019-09-30,26896
2019-10-31,26918
2019-11-30,26959
2019-12-31,27019
2020-01-31,27457
2020-02-29,27786
2020-03-31,26765
2020-04-30,26467
2020-05-31,27083
2020-06-30,27374
2020-07-31,27779
2020-08-31,27704
2020-09-30,27706
2020-10-31,27629
2020-11-30,27960
2020-12-31,28115
2021-01-31,28291
2021-02-28,27964
2021-03-31,28100
2021-04-30,28277
2021-05-31,28336
2021-06-30,28415
2021-07-31,28591
2021-08-31,28550
2021-09-30,28391
2021-10-31,28269
2021-11-30,28445
2021-12-31,28461
2022-01-31,27819
2022-02-28,27718
2022-03-31,26994
2022-04-30,26455
2022-05-31,26756
2022-06-30,26536
2022-07-31,27043
2022-08-31,26663
2022-09-30,26018
2022-10-31,25883
2022-11-30,26605
2022-12-31,26717
2023-01-31,27217
2023-02-28,26821
2023-03-31,27222
2023-04-30,27215
2023-05-31,27063
2023-06-30,27244
2023-07-31,27384
2023-08-31,27170
2023-09-30,26683
2023-10-31,26554
2023-11-30,27734
2023-12-31,28241
2024-01-31,28196
2024-02-29,28260
2024-03-31,28345
2024-04-30,28110
2024-05-31,28088
2024-06-30,28433
2024-07-31,28671
2024-08-31,28844
2024-09-30,29106
2024-10-31,28782
2024-11-30,29155
2024-12-31,28808
2025-01-31,29031
2025-02-28,29299
2025-03-31,28925
2025-04-30,28819
2025-05-31,28869
2025-06-30,29054
2025-07-31,29017
2025-08-31,29250
2025-09-30,29801
2025-10-31,30149
2025-11-30,30225
2025-12-31,30232
2026-01-31,30491
2026-02-28,30819
2026-03-31,30274
2026-04-30,30559
2026-05-31,30705
2026-06-30,30968
2026-07-31,30532
2026-08-31,30448

Distributions

            Categories,Total ($)
            1996-01-31,0
1996-02-29,0
1996-03-31,0
1996-04-30,0
1996-05-31,0
1996-06-30,0
1996-07-31,0.05353
1996-08-31,0.05954
1996-09-30,0.05946
1996-10-31,0.05969
1996-11-30,0.05964
1996-12-31,0.05862
1997-01-31,0.05892
1997-02-28,0.05939
1997-03-31,0.05885
1997-04-30,0.05892
1997-05-31,0.05837
1997-06-30,0.05839
1997-07-31,0.05665
1997-08-31,0.05682
1997-09-30,0.05701
1997-10-31,0.05655
1997-11-30,0.05653
1997-12-31,0.05639
1998-01-31,0.05650
1998-02-28,0.05684
1998-03-31,0.05571
1998-04-30,0.05594
1998-05-31,0.05547
1998-06-30,0.05532
1998-07-31,0.05514
1998-08-31,0.05488
1998-09-30,0.05533
1998-10-31,0.05498
1998-11-30,0.05528
1998-12-31,0.05528
1999-01-31,0.05492
1999-02-28,0.05585
1999-03-31,0.05485
1999-04-30,0.05519
1999-05-31,0.05477
1999-06-30,0.05528
1999-07-31,0.05513
1999-08-31,0.05381
1999-09-30,0.05375
1999-10-31,0.05385
1999-11-30,0.05480
1999-12-31,0.05419
2000-01-31,0.05421
2000-02-29,0.05452
2000-03-31,0.05448
2000-04-30,0.05496
2000-05-31,0.05402
2000-06-30,0.05391
2000-07-31,0.05377
2000-08-31,0.05355
2000-09-30,0.05480
2000-10-31,0.05400
2000-11-30,0.05367
2000-12-31,0.05370
2001-01-31,0.05566
2001-02-28,0.05418
2001-03-31,0.05343
2001-04-30,0.05473
2001-05-31,0.05494
2001-06-30,0.05512
2001-07-31,0.05485
2001-08-31,0.05443
2001-09-30,0.05312
2001-10-31,0.05255
2001-11-30,0.05216
2001-12-31,0.05111
2002-01-31,0.05169
2002-02-28,0.05109
2002-03-31,0.05075
2002-04-30,0.05044
2002-05-31,0.05043
2002-06-30,0.04982
2002-07-31,0.04899
2002-08-31,0.04855
2002-09-30,0.04828
2002-10-31,0.04844
2002-11-30,0.04885
2002-12-31,0.04869
2003-01-31,0.04834
2003-02-28,0.04777
2003-03-31,0.04714
2003-04-30,0.04694
2003-05-31,0.04709
2003-06-30,0.04687
2003-07-31,0.04605
2003-08-31,0.04823
2003-09-30,0.04747
2003-10-31,0.04704
2003-11-30,0.04680
2003-12-31,0.04631
2004-01-31,0.04610
2004-02-29,0.04610
2004-03-31,0.04589
2004-04-30,0.04641
2004-05-31,0.04699
2004-06-30,0.04749
2004-07-31,0.04674
2004-08-31,0.04558
2004-09-30,0.04508
2004-10-31,0.04455
2004-11-30,0.04463
2004-12-31,0.04386
2005-01-31,0.04400
2005-02-28,0.04474
2005-03-31,0.04427
2005-04-30,0.04489
2005-05-31,0.04459
2005-06-30,0.04444
2005-07-31,0.04465
2005-08-31,0.04495
2005-09-30,0.04401
2005-10-31,0.04338
2005-11-30,0.04371
2005-12-31,0.04349
2006-01-31,0.04532
2006-02-28,0.04324
2006-03-31,0.04480
2006-04-30,0.04488
2006-05-31,0.04489
2006-06-30,0.04559
2006-07-31,0.04550
2006-08-31,0.04555
2006-09-30,0.04529
2006-10-31,0.04526
2006-11-30,0.04541
2006-12-31,0.04546
2007-01-31,0.04494
2007-02-28,0.04605
2007-03-31,0.04562
2007-04-30,0.04589
2007-05-31,0.04567
2007-06-30,0.04493
2007-07-31,0.04577
2007-08-31,0.04608
2007-09-30,0.04623
2007-10-31,0.04571
2007-11-30,0.04566
2007-12-31,0.04548
2008-01-31,0.04568
2008-02-29,0.04710
2008-03-31,0.04711
2008-04-30,0.04686
2008-05-31,0.04533
2008-06-30,0.04666
2008-07-31,0.04664
2008-08-31,0.04712
2008-09-30,0.04784
2008-10-31,0.04766
2008-11-30,0.04724
2008-12-31,0.04769
2009-01-31,0.04814
2009-02-28,0.04858
2009-03-31,0.04779
2009-04-30,0.04801
2009-05-31,0.04802
2009-06-30,0.04839
2009-07-31,0.04833
2009-08-31,0.04798
2009-09-30,0.04680
2009-10-31,0.04591
2009-11-30,0.04740
2009-12-31,0.04603
2010-01-31,0.04575
2010-02-28,0.04549
2010-03-31,0.04418
2010-04-30,0.04498
2010-05-31,0.04413
2010-06-30,0.04406
2010-07-31,0.04319
2010-08-31,0.04223
2010-09-30,0.04040
2010-10-31,0.04068
2010-11-30,0.04210
2010-12-31,0.04304
2011-01-31,0.04407
2011-02-28,0.04522
2011-03-31,0.04461
2011-04-30,0.04460
2011-05-31,0.04377
2011-06-30,0.04415
2011-07-31,0.04246
2011-08-31,0.04202
2011-09-30,0.04075
2011-10-31,0.04122
2011-11-30,0.04076
2011-12-31,0.04124
2012-01-31,0.03862
2012-02-29,0.03708
2012-03-31,0.03545
2012-04-30,0.03524
2012-05-31,0.03552
2012-06-30,0.03614
2012-07-31,0.03571
2012-08-31,0.03448
2012-09-30,0.03470
2012-10-31,0.03367
2012-11-30,0.03389
2012-12-31,0.03301
2013-01-31,0.03295
2013-02-28,0.03236
2013-03-31,0.03051
2013-04-30,0.03054
2013-05-31,0.02996
2013-06-30,0.03046
2013-07-31,0.03006
2013-08-31,0.02979
2013-09-30,0.03082
2013-10-31,0.03144
2013-11-30,0.03190
2013-12-31,0.03230
2014-01-31,0.03206
2014-02-28,0.03466
2014-03-31,0.03281
2014-04-30,0.03222
2014-05-31,0.03126
2014-06-30,0.03187
2014-07-31,0.03122
2014-08-31,0.03108
2014-09-30,0.02951
2014-10-31,0.02953
2014-11-30,0.02948
2014-12-31,0.02866
2015-01-31,0.02816
2015-02-28,0.02988
2015-03-31,0.02777
2015-04-30,0.02803
2015-05-31,0.02747
2015-06-30,0.02729
2015-07-31,0.02727
2015-08-31,0.02734
2015-09-30,0.02847
2015-10-31,0.02910
2015-11-30,0.02946
2015-12-31,0.02794
2016-01-31,0.02627
2016-02-29,0.02698
2016-03-31,0.02652
2016-04-30,0.02738
2016-05-31,0.02717
2016-06-30,0.02804
2016-07-31,0.02717
2016-08-31,0.02701
2016-09-30,0.02785
2016-10-31,0.02720
2016-11-30,0.02762
2016-12-31,0.02789
2017-01-31,0.02795
2017-02-28,0.02970
2017-03-31,0.02843
2017-04-30,0.02967
2017-05-31,0.02956
2017-06-30,0.02996
2017-07-31,0.02927
2017-08-31,0.02894
2017-09-30,0.02914
2017-10-31,0.02877
2017-11-30,0.02961
2017-12-31,0.02949
2018-01-31,0.02945
2018-02-28,0.03076
2018-03-31,0.02918
2018-04-30,0.03017
2018-05-31,0.02945
2018-06-30,0.03011
2018-07-31,0.02946
2018-08-31,0.02984
2018-09-30,0.02965
2018-10-31,0.03024
2018-11-30,0.03046
2018-12-31,0.03029
2019-01-31,0.03018
2019-02-28,0.03204
2019-03-31,0.03034
2019-04-30,0.03095
2019-05-31,0.03136
2019-06-30,0.03248
2019-07-31,0.03288
2019-08-31,0.03278
2019-09-30,0.03255
2019-10-31,0.03141
2019-11-30,0.03204
2019-12-31,0.03160
2020-01-31,0.03151
2020-02-29,0.03351
2020-03-31,0.03295
2020-04-30,0.03334
2020-05-31,0.03253
2020-06-30,0.03216
2020-07-31,0.03126
2020-08-31,0.03072
2020-09-30,0.03103
2020-10-31,0.03023
2020-11-30,0.03095
2020-12-31,0.03020
2021-01-31,0.03040
2021-02-28,0.03189
2021-03-31,0.03001
2021-04-30,0.03043
2021-05-31,0.02987
2021-06-30,0.03062
2021-07-31,0.02951
2021-08-31,0.02919
2021-09-30,0.02930
2021-10-31,0.02838
2021-11-30,0.02893
2021-12-31,0.02787
2022-01-31,0.02744
2022-02-28,0.02946
2022-03-31,0.02800
2022-04-30,0.03100
2022-05-31,0.03005
2022-06-30,0.03080
2022-07-31,0.03120
2022-08-31,0.03187
2022-09-30,0.03231
2022-10-31,0.03326
2022-11-30,0.03423
2022-12-31,0.03485
2023-01-31,0.03422
2023-02-28,0.03695
2023-03-31,0.03494
2023-04-30,0.03627
2023-05-31,0.03684
2023-06-30,0.03708
2023-07-31,0.03730
2023-08-31,0.03734
2023-09-30,0.03769
2023-10-31,0.03859
2023-11-30,0.03982
2023-12-31,0.04000
2024-01-31,0.03891
2024-02-29,0.03999
2024-03-31,0.03978
2024-04-30,0.04019
2024-05-31,0.03996
2024-06-30,0.04009
2024-07-31,0.04007
2024-08-31,0.03997
2024-09-30,0.04068
2024-10-31,0.04109
2024-11-30,0.04109
2024-12-31,0.04135
2025-01-31,0.04137
2025-02-28,0.04186
2025-03-31,0.04096
2025-04-30,0.04210
2025-05-31,0.04243
2025-06-30,0.04280
2025-07-31,0.04338
2025-08-31,0.04379
2025-09-30,0.04418
2025-10-31,0.04363
2025-11-30,0.04321
2025-12-31,0.04316
2026-01-31,0.04315
2026-02-28,0.04330
2026-03-31,0.04302
2026-04-30,0.04338
2026-05-31,0.04295
2026-06-30,0.04310
2026-07-31,0.04339
2026-08-31,0.04382

            Payable Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
1996-01-31,0,0,0,0
1996-02-29,0,0,0,0
1996-03-31,0,0,0,0
1996-04-30,0,0,0,0
1996-05-31,0,0,0,0
1996-06-30,0,0,0,0
1996-07-31,0.05353,0.05353,0,0
1996-08-30,0.05954,0.05954,0,0
1996-09-30,0.05946,0.05946,0,0
1996-10-31,0.05969,0.05969,0,0
1996-11-29,0.05964,0.05964,0,0
1996-12-31,0.05862,0.05862,0,0
1997-01-31,0.05892,0.05892,0,0
1997-02-28,0.05939,0.05939,0,0
1997-03-31,0.05885,0.05885,0,0
1997-04-30,0.05892,0.05892,0,0
1997-05-30,0.05837,0.05837,0,0
1997-06-30,0.05839,0.05839,0,0
1997-07-31,0.05665,0.05665,0,0
1997-08-29,0.05682,0.05682,0,0
1997-09-30,0.05701,0.05701,0,0
1997-10-31,0.05655,0.05655,0,0
1997-11-28,0.05653,0.05653,0,0
1997-12-31,0.05639,0.05639,0,0
1998-01-30,0.05650,0.05650,0,0
1998-02-27,0.05684,0.05684,0,0
1998-03-31,0.05571,0.05571,0,0
1998-04-30,0.05594,0.05594,0,0
1998-05-29,0.05547,0.05547,0,0
1998-06-30,0.05532,0.05532,0,0
1998-07-31,0.05514,0.05514,0,0
1998-08-31,0.05488,0.05488,0,0
1998-09-30,0.05533,0.05533,0,0
1998-10-30,0.05498,0.05498,0,0
1998-11-30,0.05528,0.05528,0,0
1998-12-31,0.05528,0.05528,0,0
1999-01-29,0.05492,0.05492,0,0
1999-02-26,0.05585,0.05585,0,0
1999-03-31,0.05485,0.05485,0,0
1999-04-30,0.05519,0.05519,0,0
1999-05-28,0.05477,0.05477,0,0
1999-06-30,0.05528,0.05528,0,0
1999-07-30,0.05513,0.05513,0,0
1999-08-31,0.05381,0.05381,0,0
1999-09-30,0.05375,0.05375,0,0
1999-10-29,0.05385,0.05385,0,0
1999-11-30,0.05480,0.05480,0,0
1999-12-31,0.05419,0.05419,0,0
2000-01-31,0.05421,0.05421,0,0
2000-02-29,0.05452,0.05452,0,0
2000-03-31,0.05448,0.05448,0,0
2000-04-28,0.05496,0.05496,0,0
2000-05-31,0.05402,0.05402,0,0
2000-06-30,0.05391,0.05391,0,0
2000-07-31,0.05377,0.05377,0,0
2000-08-31,0.05355,0.05355,0,0
2000-09-29,0.05480,0.05480,0,0
2000-10-31,0.05400,0.05400,0,0
2000-11-30,0.05367,0.05367,0,0
2000-12-29,0.05370,0.05370,0,0
2001-01-31,0.05566,0.05566,0,0
2001-02-28,0.05418,0.05418,0,0
2001-03-30,0.05343,0.05343,0,0
2001-04-30,0.05473,0.05473,0,0
2001-05-31,0.05494,0.05494,0,0
2001-06-29,0.05512,0.05512,0,0
2001-07-31,0.05485,0.05485,0,0
2001-08-31,0.05443,0.05443,0,0
2001-09-28,0.05312,0.05312,0,0
2001-10-31,0.05255,0.05255,0,0
2001-11-30,0.05216,0.05216,0,0
2001-12-31,0.05111,0.05111,0,0
2002-01-31,0.05169,0.05169,0,0
2002-02-28,0.05109,0.05109,0,0
2002-03-28,0.05075,0.05075,0,0
2002-04-30,0.05044,0.05044,0,0
2002-05-31,0.05043,0.05043,0,0
2002-06-28,0.04982,0.04982,0,0
2002-07-31,0.04899,0.04899,0,0
2002-08-30,0.04855,0.04855,0,0
2002-09-30,0.04828,0.04828,0,0
2002-10-31,0.04844,0.04844,0,0
2002-11-29,0.04885,0.04885,0,0
2002-12-31,0.04869,0.04869,0,0
2003-01-31,0.04834,0.04834,0,0
2003-02-28,0.04777,0.04777,0,0
2003-03-31,0.04714,0.04714,0,0
2003-04-30,0.04694,0.04694,0,0
2003-05-30,0.04709,0.04709,0,0
2003-06-30,0.04687,0.04687,0,0
2003-07-31,0.04605,0.04605,0,0
2003-08-29,0.04823,0.04823,0,0
2003-09-30,0.04747,0.04747,0,0
2003-10-31,0.04704,0.04704,0,0
2003-11-28,0.04680,0.04680,0,0
2003-12-31,0.04631,0.04631,0,0
2004-01-30,0.04610,0.04610,0,0
2004-02-27,0.04610,0.04610,0,0
2004-03-31,0.04589,0.04589,0,0
2004-04-30,0.04641,0.04641,0,0
2004-05-28,0.04699,0.04699,0,0
2004-06-30,0.04749,0.04749,0,0
2004-07-30,0.04674,0.04674,0,0
2004-08-31,0.04558,0.04558,0,0
2004-09-30,0.04508,0.04508,0,0
2004-10-29,0.04455,0.04455,0,0
2004-11-30,0.04463,0.04463,0,0
2004-12-31,0.04386,0.04386,0,0
2005-01-31,0.04400,0.04400,0,0
2005-02-28,0.04474,0.04474,0,0
2005-03-31,0.04427,0.04427,0,0
2005-04-29,0.04489,0.04489,0,0
2005-05-31,0.04459,0.04459,0,0
2005-06-30,0.04444,0.04444,0,0
2005-07-29,0.04465,0.04465,0,0
2005-08-31,0.04495,0.04495,0,0
2005-09-30,0.04401,0.04401,0,0
2005-10-31,0.04338,0.04338,0,0
2005-11-30,0.04371,0.04371,0,0
2005-12-30,0.04349,0.04349,0,0
2006-01-31,0.04532,0.04532,0,0
2006-02-28,0.04324,0.04324,0,0
2006-03-31,0.04480,0.04480,0,0
2006-04-28,0.04488,0.04488,0,0
2006-05-31,0.04489,0.04489,0,0
2006-06-30,0.04559,0.04559,0,0
2006-07-31,0.04550,0.04550,0,0
2006-08-31,0.04555,0.04555,0,0
2006-09-29,0.04529,0.04529,0,0
2006-10-31,0.04526,0.04526,0,0
2006-11-30,0.04541,0.04541,0,0
2006-12-29,0.04546,0.04546,0,0
2007-01-31,0.04494,0.04494,0,0
2007-02-28,0.04605,0.04605,0,0
2007-03-30,0.04562,0.04562,0,0
2007-04-30,0.04589,0.04589,0,0
2007-05-31,0.04567,0.04567,0,0
2007-06-29,0.04493,0.04493,0,0
2007-07-31,0.04577,0.04577,0,0
2007-08-31,0.04608,0.04608,0,0
2007-09-28,0.04623,0.04623,0,0
2007-10-31,0.04571,0.04571,0,0
2007-11-30,0.04566,0.04566,0,0
2007-12-31,0.04548,0.04548,0,0
2008-01-31,0.04568,0.04568,0,0
2008-02-29,0.04710,0.04710,0,0
2008-03-31,0.04711,0.04711,0,0
2008-04-30,0.04686,0.04686,0,0
2008-05-30,0.04533,0.04533,0,0
2008-06-30,0.04666,0.04666,0,0
2008-07-31,0.04664,0.04664,0,0
2008-08-29,0.04712,0.04712,0,0
2008-09-30,0.04784,0.04784,0,0
2008-10-31,0.04766,0.04766,0,0
2008-11-28,0.04724,0.04724,0,0
2008-12-31,0.04769,0.04769,0,0
2009-01-30,0.04814,0.04814,0,0
2009-02-27,0.04858,0.04858,0,0
2009-03-31,0.04779,0.04779,0,0
2009-04-30,0.04801,0.04801,0,0
2009-05-29,0.04802,0.04802,0,0
2009-06-30,0.04839,0.04839,0,0
2009-07-31,0.04833,0.04833,0,0
2009-08-31,0.04798,0.04798,0,0
2009-09-30,0.04680,0.04680,0,0
2009-10-30,0.04591,0.04591,0,0
2009-11-30,0.04740,0.04740,0,0
2009-12-31,0.04603,0.04603,0,0
2010-01-29,0.04575,0.04575,0,0
2010-02-26,0.04549,0.04549,0,0
2010-03-31,0.04418,0.04418,0,0
2010-04-30,0.04498,0.04498,0,0
2010-05-28,0.04413,0.04413,0,0
2010-06-30,0.04406,0.04406,0,0
2010-07-30,0.04319,0.04319,0,0
2010-08-31,0.04223,0.04223,0,0
2010-09-30,0.04040,0.04040,0,0
2010-10-29,0.04068,0.04068,0,0
2010-11-30,0.04210,0.04210,0,0
2010-12-31,0.04304,0.04304,0,0
2011-01-31,0.04407,0.04407,0,0
2011-02-28,0.04522,0.04522,0,0
2011-03-31,0.04461,0.04461,0,0
2011-04-29,0.04460,0.04460,0,0
2011-05-31,0.04377,0.04377,0,0
2011-06-30,0.04415,0.04415,0,0
2011-07-29,0.04246,0.04246,0,0
2011-08-31,0.04202,0.04202,0,0
2011-09-30,0.04075,0.04075,0,0
2011-10-31,0.04122,0.04122,0,0
2011-11-30,0.04076,0.04076,0,0
2011-12-30,0.04124,0.04124,0,0
2012-01-31,0.03862,0.03862,0,0
2012-02-29,0.03708,0.03708,0,0
2012-03-30,0.03545,0.03545,0,0
2012-04-30,0.03524,0.03524,0,0
2012-05-31,0.03552,0.03552,0,0
2012-06-29,0.03614,0.03614,0,0
2012-07-31,0.03571,0.03571,0,0
2012-08-31,0.03448,0.03448,0,0
2012-09-28,0.03470,0.03470,0,0
2012-10-31,0.03367,0.03367,0,0
2012-11-30,0.03389,0.03389,0,0
2012-12-31,0.03301,0.03301,0,0
2013-01-31,0.03295,0.03295,0,0
2013-02-28,0.03236,0.03236,0,0
2013-03-28,0.03051,0.03051,0,0
2013-04-30,0.03054,0.03054,0,0
2013-05-31,0.02996,0.02996,0,0
2013-06-28,0.03046,0.03046,0,0
2013-07-31,0.03006,0.03006,0,0
2013-08-30,0.02979,0.02979,0,0
2013-09-30,0.03082,0.03082,0,0
2013-10-31,0.03144,0.03144,0,0
2013-11-29,0.03190,0.03190,0,0
2013-12-31,0.03230,0.03230,0,0
2014-01-31,0.03206,0.03206,0,0
2014-02-28,0.03466,0.03466,0,0
2014-03-31,0.03281,0.03281,0,0
2014-04-30,0.03222,0.03222,0,0
2014-05-30,0.03126,0.03126,0,0
2014-06-30,0.03187,0.03187,0,0
2014-07-31,0.03122,0.03122,0,0
2014-08-29,0.03108,0.03108,0,0
2014-09-30,0.02951,0.02951,0,0
2014-10-31,0.02953,0.02953,0,0
2014-11-28,0.02948,0.02948,0,0
2014-12-31,0.02866,0.02866,0,0
2015-01-30,0.02816,0.02816,0,0
2015-02-27,0.02988,0.02988,0,0
2015-03-31,0.02777,0.02777,0,0
2015-04-30,0.02803,0.02803,0,0
2015-05-29,0.02747,0.02747,0,0
2015-06-30,0.02729,0.02729,0,0
2015-07-31,0.02727,0.02727,0,0
2015-08-31,0.02734,0.02734,0,0
2015-09-30,0.02847,0.02847,0,0
2015-10-30,0.02910,0.02910,0,0
2015-11-30,0.02946,0.02946,0,0
2015-12-31,0.02794,0.02794,0,0
2016-01-29,0.02627,0.02627,0,0
2016-02-29,0.02698,0.02698,0,0
2016-03-31,0.02652,0.02652,0,0
2016-04-29,0.02738,0.02738,0,0
2016-05-31,0.02717,0.02717,0,0
2016-06-30,0.02804,0.02804,0,0
2016-07-29,0.02717,0.02717,0,0
2016-08-31,0.02701,0.02701,0,0
2016-09-30,0.02785,0.02785,0,0
2016-10-31,0.02720,0.02720,0,0
2016-11-30,0.02762,0.02762,0,0
2016-12-30,0.02789,0.02789,0,0
2017-01-31,0.02795,0.02795,0,0
2017-02-28,0.02970,0.02970,0,0
2017-03-31,0.02843,0.02843,0,0
2017-04-28,0.02967,0.02967,0,0
2017-05-31,0.02956,0.02956,0,0
2017-06-30,0.02996,0.02996,0,0
2017-07-31,0.02927,0.02927,0,0
2017-08-31,0.02894,0.02894,0,0
2017-09-29,0.02914,0.02914,0,0
2017-10-31,0.02877,0.02877,0,0
2017-11-30,0.02961,0.02961,0,0
2017-12-29,0.02949,0.02949,0,0
2018-01-31,0.02945,0.02945,0,0
2018-02-28,0.03076,0.03076,0,0
2018-03-29,0.02918,0.02918,0,0
2018-04-30,0.03017,0.03017,0,0
2018-05-31,0.02945,0.02945,0,0
2018-06-29,0.03011,0.03011,0,0
2018-07-31,0.02946,0.02946,0,0
2018-08-31,0.02984,0.02984,0,0
2018-09-28,0.02965,0.02965,0,0
2018-10-31,0.03024,0.03024,0,0
2018-11-30,0.03046,0.03046,0,0
2018-12-31,0.03029,0.03029,0,0
2019-01-31,0.03018,0.03018,0,0
2019-02-28,0.03204,0.03204,0,0
2019-03-29,0.03034,0.03034,0,0
2019-04-30,0.03095,0.03095,0,0
2019-05-31,0.03136,0.03136,0,0
2019-06-28,0.03248,0.03248,0,0
2019-07-31,0.03288,0.03288,0,0
2019-08-31,0.03278,0.03278,0,0
2019-09-30,0.03255,0.03255,0,0
2019-10-31,0.03141,0.03141,0,0
2019-11-30,0.03204,0.03204,0,0
2019-12-31,0.03160,0.03160,0,0
2020-01-31,0.03151,0.03151,0,0
2020-02-29,0.03351,0.03351,0,0
2020-03-31,0.03295,0.03295,0,0
2020-04-30,0.03334,0.03334,0,0
2020-05-31,0.03253,0.03253,0,0
2020-06-30,0.03216,0.03216,0,0
2020-07-31,0.03126,0.03126,0,0
2020-08-31,0.03072,0.03072,0,0
2020-09-30,0.03103,0.03103,0,0
2020-10-30,0.03023,0.03023,0,0
2020-11-30,0.03095,0.03095,0,0
2020-12-31,0.03020,0.03020,0,0
2021-01-29,0.03040,0.03040,0,0
2021-02-26,0.03189,0.03189,0,0
2021-03-31,0.03001,0.03001,0,0
2021-04-30,0.03043,0.03043,0,0
2021-05-28,0.02987,0.02987,0,0
2021-06-30,0.03062,0.03062,0,0
2021-07-30,0.02951,0.02951,0,0
2021-08-31,0.02919,0.02919,0,0
2021-09-30,0.02930,0.02930,0,0
2021-10-29,0.02838,0.02838,0,0
2021-11-30,0.02893,0.02893,0,0
2021-12-31,0.02787,0.02787,0,0
2022-01-31,0.02744,0.02744,0,0
2022-02-28,0.02946,0.02946,0,0
2022-03-31,0.02800,0.02800,0,0
2022-04-29,0.03100,0.03100,0,0
2022-05-31,0.03005,0.03005,0,0
2022-06-30,0.03080,0.03080,0,0
2022-07-29,0.03120,0.03120,0,0
2022-08-31,0.03187,0.03187,0,0
2022-09-30,0.03231,0.03231,0,0
2022-10-31,0.03326,0.03326,0,0
2022-11-30,0.03423,0.03423,0,0
2022-12-30,0.03485,0.03485,0,0
2023-01-31,0.03422,0.03422,0,0
2023-02-28,0.03695,0.03695,0,0
2023-03-31,0.03494,0.03494,0,0
2023-04-28,0.03627,0.03627,0,0
2023-05-31,0.03684,0.03684,0,0
2023-06-30,0.03708,0.03708,0,0
2023-07-31,0.03730,0.03730,0,0
2023-08-31,0.03734,0.03734,0,0
2023-09-29,0.03769,0.03769,0,0
2023-10-31,0.03859,0.03859,0,0
2023-11-30,0.03982,0.03982,0,0
2023-12-29,0.04000,0.04000,0,0
2024-01-31,0.03891,0.03891,0,0
2024-02-29,0.03999,0.03999,0,0
2024-03-28,0.03978,0.03978,0,0
2024-04-30,0.04019,0.04019,0,0
2024-05-31,0.03996,0.03996,0,0
2024-06-28,0.04009,0.04009,0,0
2024-07-31,0.04007,0.04007,0,0
2024-08-30,0.03997,0.03997,0,0
2024-09-30,0.04068,0.04068,0,0
2024-10-31,0.04109,0.04109,0,0
2024-11-29,0.04109,0.04109,0,0
2024-12-31,0.04135,0.04135,0,0
2025-01-31,0.04137,0.04137,0,0
2025-02-28,0.04186,0.04186,0,0
2025-03-31,0.04096,0.04096,0,0
2025-04-30,0.04210,0.04210,0,0
2025-05-30,0.04243,0.04243,0,0
2025-06-30,0.04280,0.04280,0,0
2025-07-31,0.04338,0.04338,0,0
2025-08-29,0.04379,0.04379,0,0
2025-09-30,0.04418,0.04418,0,0
2025-10-31,0.04363,0.04363,0,0
2025-11-28,0.04321,0.04321,0,0
2025-12-31,0.04316,0.04316,0,0
2026-01-30,0.04315,0.04315,0,0
2026-02-27,0.04330,0.04330,0,0
2026-03-31,0.04302,0.04302,0,0
2026-04-30,0.04338,0.04338,0,0
2026-05-29,0.04295,0.04295,0,0
2026-06-30,0.04310,0.04310,0,0
2026-07-31,0.04339,0.04339,0,0
2026-08-31,0.04382,0.04382,0,0

Distributions

(As of 31 Aug 2026)

Payable Date

Total

Income

ST Cap Gains

LT Cap Gains

31 Jan 1996

—

29 Feb 1996

—

31 Mar 1996

—

30 Apr 1996

—

31 May 1996

—

30 Jun 1996

—

31 Jul 1996

$0.05353

—

30 Aug 1996

$0.05954

—

30 Sep 1996

$0.05946

—

31 Oct 1996

$0.05969

—

29 Nov 1996

$0.05964

—

31 Dec 1996

$0.05862

—

31 Jan 1997

$0.05892

—

28 Feb 1997

$0.05939

—

31 Mar 1997

$0.05885

—

30 Apr 1997

$0.05892

—

30 May 1997

$0.05837

—

30 Jun 1997

$0.05839

—

31 Jul 1997

$0.05665

—

29 Aug 1997

$0.05682

—

30 Sep 1997

$0.05701

—

31 Oct 1997

$0.05655

—

28 Nov 1997

$0.05653

—

31 Dec 1997

$0.05639

—

30 Jan 1998

$0.05650

—

27 Feb 1998

$0.05684

—

31 Mar 1998

$0.05571

—

30 Apr 1998

$0.05594

—

29 May 1998

$0.05547

—

30 Jun 1998

$0.05532

—

31 Jul 1998

$0.05514

—

31 Aug 1998

$0.05488

—

30 Sep 1998

$0.05533

—

30 Oct 1998

$0.05498

—

30 Nov 1998

$0.05528

—

31 Dec 1998

$0.05528

—

29 Jan 1999

$0.05492

—

26 Feb 1999

$0.05585

—

31 Mar 1999

$0.05485

—

30 Apr 1999

$0.05519

—

28 May 1999

$0.05477

—

30 Jun 1999

$0.05528

—

30 Jul 1999

$0.05513

—

31 Aug 1999

$0.05381

—

30 Sep 1999

$0.05375

—

29 Oct 1999

$0.05385

—

30 Nov 1999

$0.05480

—

31 Dec 1999

$0.05419

—

31 Jan 2000

$0.05421

—

29 Feb 2000

$0.05452

—

31 Mar 2000

$0.05448

—

28 Apr 2000

$0.05496

—

31 May 2000

$0.05402

—

30 Jun 2000

$0.05391

—

31 Jul 2000

$0.05377

—

31 Aug 2000

$0.05355

—

29 Sep 2000

$0.05480

—

31 Oct 2000

$0.05400

—

30 Nov 2000

$0.05367

—

29 Dec 2000

$0.05370

—

31 Jan 2001

$0.05566

—

28 Feb 2001

$0.05418

—

30 Mar 2001

$0.05343

—

30 Apr 2001

$0.05473

—

31 May 2001

$0.05494

—

29 Jun 2001

$0.05512

—

31 Jul 2001

$0.05485

—

31 Aug 2001

$0.05443

—

28 Sep 2001

$0.05312

—

31 Oct 2001

$0.05255

—

30 Nov 2001

$0.05216

—

31 Dec 2001

$0.05111

—

31 Jan 2002

$0.05169

—

28 Feb 2002

$0.05109

—

28 Mar 2002

$0.05075

—

30 Apr 2002

$0.05044

—

31 May 2002

$0.05043

—

28 Jun 2002

$0.04982

—

31 Jul 2002

$0.04899

—

30 Aug 2002

$0.04855

—

30 Sep 2002

$0.04828

—

31 Oct 2002

$0.04844

—

29 Nov 2002

$0.04885

—

31 Dec 2002

$0.04869

—

31 Jan 2003

$0.04834

—

28 Feb 2003

$0.04777

—

31 Mar 2003

$0.04714

—

30 Apr 2003

$0.04694

—

30 May 2003

$0.04709

—

30 Jun 2003

$0.04687

—

31 Jul 2003

$0.04605

—

29 Aug 2003

$0.04823

—

30 Sep 2003

$0.04747

—

31 Oct 2003

$0.04704

—

28 Nov 2003

$0.04680

—

31 Dec 2003

$0.04631

—

30 Jan 2004

$0.04610

—

27 Feb 2004

$0.04610

—

31 Mar 2004

$0.04589

—

30 Apr 2004

$0.04641

—

28 May 2004

$0.04699

—

30 Jun 2004

$0.04749

—

30 Jul 2004

$0.04674

—

31 Aug 2004

$0.04558

—

30 Sep 2004

$0.04508

—

29 Oct 2004

$0.04455

—

30 Nov 2004

$0.04463

—

31 Dec 2004

$0.04386

—

31 Jan 2005

$0.04400

—

28 Feb 2005

$0.04474

—

31 Mar 2005

$0.04427

—

29 Apr 2005

$0.04489

—

31 May 2005

$0.04459

—

30 Jun 2005

$0.04444

—

29 Jul 2005

$0.04465

—

31 Aug 2005

$0.04495

—

30 Sep 2005

$0.04401

—

31 Oct 2005

$0.04338

—

30 Nov 2005

$0.04371

—

30 Dec 2005

$0.04349

—

31 Jan 2006

$0.04532

—

28 Feb 2006

$0.04324

—

31 Mar 2006

$0.04480

—

28 Apr 2006

$0.04488

—

31 May 2006

$0.04489

—

30 Jun 2006

$0.04559

—

31 Jul 2006

$0.04550

—

31 Aug 2006

$0.04555

—

29 Sep 2006

$0.04529

—

31 Oct 2006

$0.04526

—

30 Nov 2006

$0.04541

—

29 Dec 2006

$0.04546

—

31 Jan 2007

$0.04494

—

28 Feb 2007

$0.04605

—

30 Mar 2007

$0.04562

—

30 Apr 2007

$0.04589

—

31 May 2007

$0.04567

—

29 Jun 2007

$0.04493

—

31 Jul 2007

$0.04577

—

31 Aug 2007

$0.04608

—

28 Sep 2007

$0.04623

—

31 Oct 2007

$0.04571

—

30 Nov 2007

$0.04566

—

31 Dec 2007

$0.04548

—

31 Jan 2008

$0.04568

—

29 Feb 2008

$0.04710

—

31 Mar 2008

$0.04711

—

30 Apr 2008

$0.04686

—

30 May 2008

$0.04533

—

30 Jun 2008

$0.04666

—

31 Jul 2008

$0.04664

—

29 Aug 2008

$0.04712

—

30 Sep 2008

$0.04784

—

31 Oct 2008

$0.04766

—

28 Nov 2008

$0.04724

—

31 Dec 2008

$0.04769

—

30 Jan 2009

$0.04814

—

27 Feb 2009

$0.04858

—

31 Mar 2009

$0.04779

—

30 Apr 2009

$0.04801

—

29 May 2009

$0.04802

—

30 Jun 2009

$0.04839

—

31 Jul 2009

$0.04833

—

31 Aug 2009

$0.04798

—

30 Sep 2009

$0.04680

—

30 Oct 2009

$0.04591

—

30 Nov 2009

$0.04740

—

31 Dec 2009

$0.04603

—

29 Jan 2010

$0.04575

—

26 Feb 2010

$0.04549

—

31 Mar 2010

$0.04418

—

30 Apr 2010

$0.04498

—

28 May 2010

$0.04413

—

30 Jun 2010

$0.04406

—

30 Jul 2010

$0.04319

—

31 Aug 2010

$0.04223

—

30 Sep 2010

$0.04040

—

29 Oct 2010

$0.04068

—

30 Nov 2010

$0.04210

—

31 Dec 2010

$0.04304

—

31 Jan 2011

$0.04407

—

28 Feb 2011

$0.04522

—

31 Mar 2011

$0.04461

—

29 Apr 2011

$0.04460

—

31 May 2011

$0.04377

—

30 Jun 2011

$0.04415

—

29 Jul 2011

$0.04246

—

31 Aug 2011

$0.04202

—

30 Sep 2011

$0.04075

—

31 Oct 2011

$0.04122

—

30 Nov 2011

$0.04076

—

30 Dec 2011

$0.04124

—

31 Jan 2012

$0.03862

—

29 Feb 2012

$0.03708

—

30 Mar 2012

$0.03545

—

30 Apr 2012

$0.03524

—

31 May 2012

$0.03552

—

29 Jun 2012

$0.03614

—

31 Jul 2012

$0.03571

—

31 Aug 2012

$0.03448

—

28 Sep 2012

$0.03470

—

31 Oct 2012

$0.03367

—

30 Nov 2012

$0.03389

—

31 Dec 2012

$0.03301

—

31 Jan 2013

$0.03295

—

28 Feb 2013

$0.03236

—

28 Mar 2013

$0.03051

—

30 Apr 2013

$0.03054

—

31 May 2013

$0.02996

—

28 Jun 2013

$0.03046

—

31 Jul 2013

$0.03006

—

30 Aug 2013

$0.02979

—

30 Sep 2013

$0.03082

—

31 Oct 2013

$0.03144

—

29 Nov 2013

$0.03190

—

31 Dec 2013

$0.03230

—

31 Jan 2014

$0.03206

—

28 Feb 2014

$0.03466

—

31 Mar 2014

$0.03281

—

30 Apr 2014

$0.03222

—

30 May 2014

$0.03126

—

30 Jun 2014

$0.03187

—

31 Jul 2014

$0.03122

—

29 Aug 2014

$0.03108

—

30 Sep 2014

$0.02951

—

31 Oct 2014

$0.02953

—

28 Nov 2014

$0.02948

—

31 Dec 2014

$0.02866

—

30 Jan 2015

$0.02816

—

27 Feb 2015

$0.02988

—

31 Mar 2015

$0.02777

—

30 Apr 2015

$0.02803

—

29 May 2015

$0.02747

—

30 Jun 2015

$0.02729

—

31 Jul 2015

$0.02727

—

31 Aug 2015

$0.02734

—

30 Sep 2015

$0.02847

—

30 Oct 2015

$0.02910

—

30 Nov 2015

$0.02946

—

31 Dec 2015

$0.02794

—

29 Jan 2016

$0.02627

—

29 Feb 2016

$0.02698

—

31 Mar 2016

$0.02652

—

29 Apr 2016

$0.02738

—

31 May 2016

$0.02717

—

30 Jun 2016

$0.02804

—

29 Jul 2016

$0.02717

—

31 Aug 2016

$0.02701

—

30 Sep 2016

$0.02785

—

31 Oct 2016

$0.02720

—

30 Nov 2016

$0.02762

—

30 Dec 2016

$0.02789

—

31 Jan 2017

$0.02795

—

28 Feb 2017

$0.02970

—

31 Mar 2017

$0.02843

—

28 Apr 2017

$0.02967

—

31 May 2017

$0.02956

—

30 Jun 2017

$0.02996

—

31 Jul 2017

$0.02927

—

31 Aug 2017

$0.02894

—

29 Sep 2017

$0.02914

—

31 Oct 2017

$0.02877

—

30 Nov 2017

$0.02961

—

29 Dec 2017

$0.02949

—

31 Jan 2018

$0.02945

—

28 Feb 2018

$0.03076

—

29 Mar 2018

$0.02918

—

30 Apr 2018

$0.03017

—

31 May 2018

$0.02945

—

29 Jun 2018

$0.03011

—

31 Jul 2018

$0.02946

—

31 Aug 2018

$0.02984

—

28 Sep 2018

$0.02965

—

31 Oct 2018

$0.03024

—

30 Nov 2018

$0.03046

—

31 Dec 2018

$0.03029

—

31 Jan 2019

$0.03018

—

28 Feb 2019

$0.03204

—

29 Mar 2019

$0.03034

—

30 Apr 2019

$0.03095

—

31 May 2019

$0.03136

—

28 Jun 2019

$0.03248

—

31 Jul 2019

$0.03288

—

31 Aug 2019

$0.03278

—

30 Sep 2019

$0.03255

—

31 Oct 2019

$0.03141

—

30 Nov 2019

$0.03204

—

31 Dec 2019

$0.03160

—

31 Jan 2020

$0.03151

—

29 Feb 2020

$0.03351

—

31 Mar 2020

$0.03295

—

30 Apr 2020

$0.03334

—

31 May 2020

$0.03253

—

30 Jun 2020

$0.03216

—

31 Jul 2020

$0.03126

—

31 Aug 2020

$0.03072

—

30 Sep 2020

$0.03103

—

30 Oct 2020

$0.03023

—

30 Nov 2020

$0.03095

—

31 Dec 2020

$0.03020

—

29 Jan 2021

$0.03040

—

26 Feb 2021

$0.03189

—

31 Mar 2021

$0.03001

—

30 Apr 2021

$0.03043

—

28 May 2021

$0.02987

—

30 Jun 2021

$0.03062

—

30 Jul 2021

$0.02951

—

31 Aug 2021

$0.02919

—

30 Sep 2021

$0.02930

—

29 Oct 2021

$0.02838

—

30 Nov 2021

$0.02893

—

31 Dec 2021

$0.02787

—

31 Jan 2022

$0.02744

—

28 Feb 2022

$0.02946

—

31 Mar 2022

$0.02800

—

29 Apr 2022

$0.03100

—

31 May 2022

$0.03005

—

30 Jun 2022

$0.03080

—

29 Jul 2022

$0.03120

—

31 Aug 2022

$0.03187

—

30 Sep 2022

$0.03231

—

31 Oct 2022

$0.03326

—

30 Nov 2022

$0.03423

—

30 Dec 2022

$0.03485

—

31 Jan 2023

$0.03422

—

28 Feb 2023

$0.03695

—

31 Mar 2023

$0.03494

—

28 Apr 2023

$0.03627

—

31 May 2023

$0.03684

—

30 Jun 2023

$0.03708

—

31 Jul 2023

$0.03730

—

31 Aug 2023

$0.03734

—

29 Sep 2023

$0.03769

—

31 Oct 2023

$0.03859

—

30 Nov 2023

$0.03982

—

29 Dec 2023

$0.04000

—

31 Jan 2024

$0.03891

—

29 Feb 2024

$0.03999

—

28 Mar 2024

$0.03978

—

30 Apr 2024

$0.04019

—

31 May 2024

$0.03996

—

28 Jun 2024

$0.04009

—

31 Jul 2024

$0.04007

—

30 Aug 2024

$0.03997

—

30 Sep 2024

$0.04068

—

31 Oct 2024

$0.04109

—

29 Nov 2024

$0.04109

—

31 Dec 2024

$0.04135

—

31 Jan 2025

$0.04137

—

28 Feb 2025

$0.04186

—

31 Mar 2025

$0.04096

—

30 Apr 2025

$0.04210

—

30 May 2025

$0.04243

—

30 Jun 2025

$0.04280

—

31 Jul 2025

$0.04338

—

29 Aug 2025

$0.04379

—

30 Sep 2025

$0.04418

—

31 Oct 2025

$0.04363

—

28 Nov 2025

$0.04321

—

31 Dec 2025

$0.04316

—

30 Jan 2026

$0.04315

—

27 Feb 2026

$0.04330

—

31 Mar 2026

$0.04302

—

30 Apr 2026

$0.04338

—

29 May 2026

$0.04295

—

30 Jun 2026

$0.04310

—

31 Jul 2026

$0.04339

—

31 Aug 2026

$0.04382

—

Fund Facts

(As of 31 Aug 2026)

Net Fund Assets

$1.3 B

Benchmark

ICE BofA 3-15 Year U.S. Municipal Securities Index

Morningstar Category

Muni National Intermediate

Fund Symbol

THMIX

Share Class

Share Class Inception Date

5 Jul 1996

Distribution Frequency

Monthly

Annualized Distribution Yield

3.92%

Characteristics

Portfolio

(As of 31 Aug 2026)

Portfolio

Benchmark

Number of Holdings

621

—

Annual Portfolio Turnover

53%

—

Effective Duration

6.3 Yrs

5.5 Yrs

Average Effective Maturity

11.7 Yrs

7.9 Yrs

Weighted Average Coupon

4.9%

4.7%

Portfolio

Benchmark

Yield to Worst

4.3%

3.6%

Subject to Alternative Minimum Tax

15.2%

—

30-Day SEC Yield (Subsidized)

3.73%

—

30-Day SEC Yield (Unsubsidized)

3.55%

—

Annual Portfolio Turnover reflects data as of the Fund’s fiscal year end (9/30).

Risk & Return Profile

(As of 31 Aug 2026)

10y

Annualized Alpha (%)

0.72

0.46

0.17

Beta

0.86

0.82

0.84

R-Squared (%)

95.59

96.68

96.43

Standard Deviation (%)

4.09

4.50

3.96

Sharpe Ratio

-0.27

-0.60

-0.17

Information Ratio

0.27

0.26

-0.11

Tracking Error (%)

1.07

1.28

1.05

Up Capture (%)

90.27

85.85

86.03

Down Capture (%)

77.25

79.50

83.25

Past performance does not guarantee future results.

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

Portfolio

Top Holdings

(As of 31 Aug 2026)

Name

Ticker/Symbol

Weight %

Kentucky Public Energy Authority

74440DEC4

1.2

Tennessee Energy Acquisition Corp.

88044TAL3

1.0

Main Street Energy, Inc.

560354AG7

0.9

Black Belt Energy Gas District

09182TKW6

0.9

Black Belt Energy Gas District

09182TEN3

0.8

Patriots Energy Group Financing Agency

70342PAN4

0.8

Black Belt Energy Gas District

09182TJX6

0.8

Colorado Health Facilities Authority

19648FKS2

0.7

Wise County Industrial Development Authority

977228AF2

0.7

Texas Municipal Gas Acquisition & Supply Corp. V

88256RAV8

0.7

Download Holdings

Exposure Breakdown

(As of 31 Aug 2026)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

Prepaid Gas

19.0

—

Airport

10.6

3.3

Hospital

9.1

8.4

Single Family Mortgage

6.6

0.2

Multi Family Mortgage

6.5

2.4

CCRC/Senior Living

6.1

—

Short-Term Investments, Other Assets & Liabilities

5.9

—

Dedicated Tax

5.0

13.9

State General Obligation

4.4

13.8

Industrial Development/Pollution Control

3.8

—

School District General Obligation

3.6

—

Sector Allocation

Fund (%)

Prepaid Gas

19.0

Airport

10.6

Hospital

9.1

Single Family Mortgage

6.6

Multi Family Mortgage

6.5

CCRC/Senior Living

6.1

Short-Term Investments, Other Assets & Liabilities

5.9

Dedicated Tax

5.0

State General Obligation

4.4

Industrial Development/Pollution Control

3.8

School District General Obligation

3.6

Top 10 U.S. States

Fund (%)

Benchmark (%)

Portfolio

Benchmark

10%

15%

20%

25%

30%

Illinois

11.0

4.2

Texas

8.7

7.8

Alabama

7.5

5.7

Short-Term Investments, Other Assets & Liabilities

5.9

—

Georgia

5.7

3.4

Pennsylvania

5.6

3.0

New York

5.3

18.5

California

5.0

20.1

Florida

3.7

2.5

New Jersey

3.5

3.3

Indiana

3.1

0.9

Top 10 U.S. States

Fund (%)

Illinois

11.0

Texas

8.7

Alabama

7.5

Short-Term Investments, Other Assets & Liabilities

5.9

Georgia

5.7

Pennsylvania

5.6

New York

5.3

California

5.0

Florida

3.7

New Jersey

3.5

Indiana

3.1

Credit Quality

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

AAA

6.1

12.9

36.1

57.0

37.9

25.2

BBB

6.3

4.8

Below Invest. Grade

0.7

—

Not Rated

7.1

—

Short-Term Investments, Other Assets & Liabilities

5.9

—

Credit Quality

Fund (%)

AAA

6.1

36.1

37.9

BBB

6.3

Below Invest. Grade

0.7

Not Rated

7.1

Short-Term Investments, Other Assets & Liabilities

5.9

Maturity

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

Year 1-2

4.4

0.0

Year 3-4

4.8

12.6

Year 5-6

10.7

21.3

Year 7-8

4.2

19.6

Year 9-10

11.6

20.1

Year 11-12

8.7

11.6

Year 13-14

5.6

10.6

Year 15-16

9.2

4.2

Year 17+

35.1

0.0

Short-Term Investments, Other Assets & Liabilities

5.9

—

Maturity

Fund (%)

Year 1-2

4.4

Year 3-4

4.8

Year 5-6

10.7

Year 7-8

4.2

Year 9-10

11.6

Year 11-12

8.7

Year 13-14

5.6

Year 15-16

9.2

Year 17+

35.1

Short-Term Investments, Other Assets & Liabilities

5.9

Holdings within the Geography breakdown are classified by country of risk as determined by MSCI and Bloomberg.

Weights are percentages of the total portfolio unless otherwise noted.

May not add up to 100% due to rounding.

Short-Term Investments, Other Assets & Liabilities includes cash, short-term securities, other assets less liabilities, accruals, derivatives and forwards. It may also include investments in money market or similar funds managed by Thornburg that are not offered to the public.

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.

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).

Neither the payment of, or increase in, dividends is guaranteed.

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

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

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

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.

More Insights

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THMIX

Thornburg 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

What Tight Credit Spreads Mean for Investors

Don’t Wait for the All Clear

Navigating Tight Credit Spreads With a Defensive Income Mindset

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Create an account to save this article or product.

THMIX

Thornburg 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

What Tight Credit Spreads Mean for Investors

Don’t Wait for the All Clear

Navigating Tight Credit Spreads With a Defensive Income Mindset