Thornburg Intermediate Municipal Fund

TOP TEN U.S. STATES as of

  1. Illinois
    9.2%
  2. Texas
    8.9%
  3. Pennsylvania
    7.9%
  4. Florida
    6.7%
  5. California
    6.5%
  6. New York
    5.8%
  7. Ohio
    5.4%
  8. New Jersey
    3.6%
  9. Washington
    3.0%
  10. Indiana
    2.7%

Top Ten Municipal Sectors as of

Hospital
11.9%
Local General Obligation
9.7%
Prerefunded / Escrow to Maturity
9.6%
Dedicated Tax
9.5%
Other Transportation
6.9%
Appropriation
6.7%
Gas
6.6%
Public Power
5.2%
Water/Sewer
5.0%
School District General Obligation
4.7%

Top Ten Positions as of

% OF PORTFOLIO
Kentucky Public Energy Authority 1.7%
Territory of Guam 1.2%
State of North Carolina 1.1%
New Jersey Transportation Trust Fund Authority 1.0%
Commonwealth of Massachusetts 1.0%
Metropolitan Transportation Authority 0.9%
Lower Colorado River Authority 0.9%
Town of Oyster Bay NY 0.9%
Central Plains Energy Project 0.8%
Metropolitan Transportation Authority 0.8%
Portfolio holdings are subject to change.

Key Portfolio Attributes as of

Fund Assets $1.1 B
Number of Bonds 479
Average Effective Maturity 8.6 Yrs
Effective Duration 4.4 Yrs
Subject to Alternative Minimum Tax 1.9%

Credit Quality Breakdown as of

AAA
2.6%
AA
42.9%
A
39.1%
BBB
6.3%
Below Invest. Grade
2.2%
Not Rated
4.8%
Cash & Cash Equivalents
2.0%
The percentages may not add up to 100 due to rounding.

Current Portfolio Maturity Ladder as of

Cash
2.0%
Year 1-2
10.6%
Year 3-4
7.6%
Year 5-6
13.8%
Year 7-8
13.0%
Year 9-10
10.2%
Year 11-12
13.1%
Year 13-14
12.3%
Year 15-16
7.9%
Year 17+
9.5%
Percent of portfolio maturing in each year. The percentages may not add up to 100% due to rounding and can vary over time. Cash includes cash equivalents.
Important Information