Intermediate Municipal Fund - Performance

Share Class

Average Annual Total Returns

A Shares (Incep. 7/22/1991) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THIMX without sales charge2.05%2.39%2.83%2.43%3.03%4.52%
THIMX with sales charge0.02%0.36%2.14%2.02%2.82%4.45%
A Shares (Incep. 7/22/1991) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THIMX without sales charge2.36%2.76%2.94%2.58%3.03%4.55%
THIMX with sales charge0.32%0.72%2.25%2.16%2.82%4.48%
A Shares without sales charge
(Incep. 7/22/1991)
ICE BofA 3-15 Yr US Muni
1992 9.81% ---
1993 12.29% ---
1994 -2.48% ---
1995 13.22% ---
1996 4.45% ---
1997 7.20% 9.02%
1998 5.47% 6.88%
1999 -1.98% -1.81%
2000 6.91% 11.10%
2001 4.81% 4.91%
2002 8.13% 11.09%
2003 4.07% 5.30%
2004 3.23% 4.06%
2005 2.34% 2.32%
2006 3.69% 4.09%
2007 2.92% 4.82%
2008 -4.07% 3.01%
2009 13.70% 9.57%
2010 2.53% 3.48%
2011 9.49% 10.16%
2012 5.99% 4.88%
2013 -1.28% -0.99%
2014 6.55% 6.56%
2015 2.11% 3.16%
2016 -0.50% -0.06%
2017 3.61% 4.64%
2018 0.56% 1.45%
2019 5.64% 7.01%

Returns for less than one year are not annualized.
Source: Confluence

Fund Operating Expenses — Class A Shares

Gross Annual Operating Expenses (as reported in the most recent Prospectus) 0.89%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 0.77%
Actual Annualized Operating Expenses (fiscal year to date, as of 9/30/2020) 0.81%

Morningstar Rating

Overall Morningstar Rating among 240 Muni National Intermediate funds, based on risk-adjusted returns for class A shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 2 stars, 2 stars and 2 stars among 240, 218 and 160 funds, as of 9/30/2020.

30-Day Yields With Sales Charge as of — Class A Shares

Annualized Distribution Yield 2.18%
SEC Yield 0.53%
Without the fee waivers and expense reimbursements described above, the Annualized Distribution yield would have been 2.05%, and the SEC yield would have been 0.40%.

Dividends and Capital Gains — Class A Shares

Dividend (paid Oct 31, 2020) $0.02735
Capital Gains (2018) None Paid

Hypothetical Growth of $10,000 as of

A Shares with sales charge
35787.88070000
Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.

Net Asset Value (NAV) History as of — Class A Shares

14.17000000

Additional Rating and Ranking Information

Average Annual Total Returns

C Shares (Incep. 9/1/1994) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THMCX without sales charge1.74%2.02%2.49%2.10%2.70%3.73%
THMCX with sales charge1.14%1.42%2.49%2.10%2.70%3.73%
C Shares (Incep. 9/1/1994) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THMCX without sales charge2.07%2.38%2.58%2.23%2.71%3.76%
THMCX with sales charge1.47%1.78%2.58%2.23%2.71%3.76%
C Shares without sales charge
(Incep. 9/1/1994)
ICE BofA 3-15 Yr US Muni
1995 12.63% ---
1996 4.04% ---
1997 6.77% 9.02%
1998 5.04% 6.88%
1999 -2.45% -1.81%
2000 6.51% 11.10%
2001 4.40% 4.91%
2002 7.71% 11.09%
2003 3.72% 5.30%
2004 2.89% 4.06%
2005 2.16% 2.32%
2006 3.43% 4.09%
2007 2.58% 4.82%
2008 -4.26% 3.01%
2009 13.39% 9.57%
2010 2.25% 3.48%
2011 9.16% 10.16%
2012 5.59% 4.88%
2013 -1.52% -0.99%
2014 6.20% 6.56%
2015 1.78% 3.16%
2016 -0.82% -0.06%
2017 3.27% 4.64%
2018 0.21% 1.45%
2019 5.26% 7.01%

Returns for less than one year are not annualized.
Source: Confluence

Fund Operating Expenses — Class C Shares

Gross Annual Operating Expenses (as reported in the most recent Prospectus) 1.26%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 1.14%
Actual Annualized Operating Expenses (fiscal year to date, as of 9/30/2020) 1.18%

Morningstar Rating

Overall Morningstar Rating among 240 Muni National Intermediate funds, based on risk-adjusted returns for class C shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 2 stars, 2 stars and 2 stars among 240, 218 and 160 funds, as of 9/30/2020.

30-Day Yields as of — Class C Shares

Annualized Distribution Yield 1.85%
SEC Yield 0.16%
Without the fee waivers and expense reimbursements described above, the Annualized Distribution yield would have been 1.68%, and the SEC yield would have been 0.00%.

Dividends and Capital Gains — Class C Shares

Dividend (paid Oct 31, 2020) $0.02282
Capital Gains (2018) None Paid

Hypothetical Growth of $10,000 as of

C Shares
26093.10210000
Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.

Net Asset Value (NAV) History as of — Class C Shares

14.18000000

Additional Rating and Ranking Information

Average Annual Total Returns

I Shares (Incep. 7/5/1996) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THMIX2.26%2.64%3.09%2.71%3.33%4.27%
I Shares (Incep. 7/5/1996) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THMIX2.54%3.01%3.20%2.85%3.33%4.29%
I Shares (Incep. 7/5/1996) ICE BofA 3-15 Yr US Muni
1997 7.38% 9.02%
1998 5.79% 6.88%
1999 -1.70% -1.81%
2000 7.19% 11.10%
2001 5.04% 4.91%
2002 8.52% 11.09%
2003 4.43% 5.30%
2004 3.56% 4.06%
2005 2.66% 2.32%
2006 4.02% 4.09%
2007 3.23% 4.82%
2008 -3.69% 3.01%
2009 13.97% 9.57%
2010 2.94% 3.48%
2011 9.76% 10.16%
2012 6.34% 4.88%
2013 -0.97% -0.99%
2014 6.88% 6.56%
2015 2.41% 3.16%
2016 -0.13% -0.06%
2017 3.85% 4.64%
2018 0.81% 1.45%
2019 5.90% 7.01%

Returns for less than one year are not annualized.
Source: Confluence

Fund Operating Expenses — Class I Shares

Gross Annual Operating Expenses (as reported in the most recent Prospectus) 0.65%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 0.53%
Actual Annualized Operating Expenses (fiscal year to date, as of 9/30/2020) 0.56%

Morningstar Rating

Overall Morningstar Rating among 240 Muni National Intermediate funds, based on risk-adjusted returns for class I shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 3 stars, 3 stars and 3 stars among 240, 218 and 160 funds, as of 9/30/2020.

30-Day Yields as of — Class I Shares

Annualized Distribution Yield 2.46%
SEC Yield 0.78%
Without the fee waivers and expense reimbursements described above, the Annualized Distribution yield would have been 2.33%, and the SEC yield would have been 0.64%.

Dividends and Capital Gains — Class I Shares

Dividend (paid Oct 31, 2020) $0.03023
Capital Gains (2018) None Paid

Hypothetical Growth of $10,000 as of

I Shares
27628.97260000
Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.

Net Asset Value (NAV) History as of — Class I Shares

14.15000000

Additional Rating and Ranking Information
Important Information