Thornburg Short Duration Municipal Fund

Key Portfolio Attributes as of

Fund Assets $229.7 M
Number of Bonds 155
Average Effective Maturity 1.4 Yrs
Effective Duration 1.1 Yrs
Subject to Alternative Minimum Tax 0.0%

Credit Quality Breakdown as of

AAA
10.6%
AA
31.2%
A
30.1%
BBB
11.9%
Not Rated
2.2%
Cash & Cash Equivalents
14.1%
The percentages may not add up to 100 due to rounding.

Current Portfolio Maturity Ladder as of

Cash
14.1%
Year 1
34.3%
Year 2
24.1%
Year 3
15.8%
Year 4
7.4%
Year 5+
4.3%
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.

TOP TEN U.S. STATES as of

  1. Texas
    16.5%
  2. New York
    8.9%
  3. Illinois
    5.5%
  4. Louisiana
    4.3%
  5. Georgia
    4.3%
  6. New Jersey
    3.9%
  7. California
    3.8%
  8. Michigan
    3.3%
  9. Colorado
    3.1%
  10. Indiana
    3.0%

Top Ten Municipal Sectors as of

Industrial Development/Pollution Control
10.9%
State General Obligation
8.7%
Local General Obligation
7.7%
Hospital
7.0%
School District General Obligation
6.5%
Appropriation
5.7%
Water/Sewer
5.0%
Gas
5.0%
Other Revenue
4.0%
Prerefunded / Escrow to Maturity
3.4%

Top Ten Positions as of

% OF PORTFOLIO
State of Texas 2.9%
Harris County Cultural Education Facilities Finance Corp. 2.1%
Indiana Finance Authority 2.1%
Cypress-Fairbanks Independent School District 1.9%
Selma Industrial Development Board 1.8%
California Infrastructure & Economic Development Bank 1.8%
Alaska Industrial Development & Export Authority 1.7%
Illinois Finance Authority 1.6%
Town of Oyster Bay NY 1.5%
Houston Independent School District 1.5%
Portfolio holdings are subject to change.
Important Information