Thornburg Low Duration Municipal Fund

TOP TEN U.S. STATES as of

  1. Texas
    10.3%
  2. New York
    7.4%
  3. Illinois
    6.9%
  4. Indiana
    3.6%
  5. New Jersey
    3.5%
  6. Michigan
    3.4%
  7. California
    3.0%
  8. Louisiana
    2.8%
  9. Ohio
    2.5%
  10. Alaska
    2.4%

Top Ten Municipal Sectors as of

Industrial Development/Pollution Control
10.8%
State General Obligation
6.5%
Hospital
6.3%
School District General Obligation
6.3%
Local General Obligation
6.1%
Gas
4.7%
Appropriation
4.4%
Water/Sewer
4.1%
Combined Utilities
3.2%
Other Revenue
2.9%

Top Ten Positions as of

% OF PORTFOLIO
Indiana Finance Authority 2.0%
State of Texas 1.8%
City of Whiting IN 1.6%
Alaska Industrial Development & Export Authority 1.6%
Illinois Finance Authority 1.5%
Long Island Power Authority 1.4%
Houston Independent School District 1.4%
City of Houston TX Combined Utility System Revenue 1.3%
State of Louisiana 1.3%
Monroe County Development Authority 1.2%
Portfolio holdings are subject to change.

Key Portfolio Attributes as of

Fund Assets $242.3 M
Number of Bonds 166
Average Effective Maturity 1.2 Yrs
Effective Duration 0.9 Yrs
Subject to Alternative Minimum Tax 0.0%

Credit Quality Breakdown as of

AAA
6.7%
AA
30.8%
A
24.9%
BBB
7.5%
Not Rated
1.7%
Cash & Cash Equivalents
28.5%
The percentages may not add up to 100 due to rounding.

Current Portfolio Maturity Ladder as of

Cash
28.5%
Year 1
25.4%
Year 2
22.2%
Year 3
13.1%
Year 4
5.9%
Year 5+
5.0%
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