New Mexico Intermediate Municipal Fund - Performance

Share Class

Average Annual Total Returns

A Shares (Incep. 6/18/1991) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THNMX without sales charge2.22%2.49%2.68%2.07%2.39%4.11%
THNMX with sales charge0.19%0.46%1.99%1.65%2.18%4.04%
A Shares (Incep. 6/18/1991) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THNMX without sales charge2.47%2.84%2.72%2.17%2.38%4.14%
THNMX with sales charge0.44%0.81%2.04%1.76%2.17%4.06%
A Shares without sales charge
(Incep. 6/18/1991)
ICE BofA 3-15 Yr US Muni
1992 8.46% ---
1993 10.31% ---
1994 -1.91% ---
1995 11.15% ---
1996 4.20% ---
1997 6.49% 9.02%
1998 4.89% 6.88%
1999 -0.05% -1.81%
2000 6.57% 11.10%
2001 4.53% 4.91%
2002 7.25% 11.09%
2003 3.87% 5.30%
2004 2.94% 4.06%
2005 1.76% 2.32%
2006 3.43% 4.09%
2007 3.57% 4.82%
2008 0.45% 3.01%
2009 9.33% 9.57%
2010 1.75% 3.48%
2011 7.80% 10.16%
2012 3.31% 4.88%
2013 -1.64% -0.99%
2014 5.57% 6.56%
2015 2.16% 3.16%
2016 -0.41% -0.06%
2017 2.03% 4.64%
2018 1.40% 1.45%
2019 4.49% 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) 0.97%
Actual Annualized Operating Expenses (fiscal year to date, as of 9/30/2020) 0.98%

Morningstar Rating

Overall Morningstar Rating among 142 Muni Single State 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 142, 129 and 110 funds, as of 9/30/2020.

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

Annualized Distribution Yield 1.41%
SEC Yield 0.24%

Dividends and Capital Gains — Class A Shares

Dividend (paid Oct 31, 2020) $0.01659
Capital Gains (2018) None Paid

Hypothetical Growth of $10,000 as of

A Shares with sales charge
32022.27710000
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

13.37000000

Additional Rating and Ranking Information

Average Annual Total Returns

D Shares (Incep. 6/1/1999) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THNDX2.00%2.30%2.41%1.81%2.13%3.06%
D Shares (Incep. 6/1/1999) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THNDX2.28%2.58%2.46%1.93%2.13%3.08%
D Shares (Incep. 6/1/1999) ICE BofA 3-15 Yr US Muni
2000 6.29% 11.10%
2001 4.17% 4.91%
2002 6.94% 11.09%
2003 3.65% 5.30%
2004 2.58% 4.06%
2005 1.48% 2.32%
2006 3.25% 4.09%
2007 3.31% 4.82%
2008 0.18% 3.01%
2009 9.04% 9.57%
2010 1.40% 3.48%
2011 7.55% 10.16%
2012 3.13% 4.88%
2013 -1.96% -0.99%
2014 5.30% 6.56%
2015 1.93% 3.16%
2016 -0.57% -0.06%
2017 1.79% 4.64%
2018 1.14% 1.45%
2019 4.21% 7.01%

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

Fund Operating Expenses — Class D Shares

Gross Annual Operating Expenses (as reported in the most recent Prospectus) 1.25%
Actual Annualized Operating Expenses (fiscal year to date, as of 9/30/2020) 1.24%

Morningstar Rating

Overall Morningstar Rating among 142 Muni Single State Intermediate funds, based on risk-adjusted returns for class D shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 2 stars, 2 stars and 2 stars among 142, 129 and 110 funds, as of 9/30/2020.

30-Day Yields as of — Class D Shares

Annualized Distribution Yield 1.17%
SEC Yield -0.02%

Dividends and Capital Gains — Class D Shares

Dividend (paid Oct 31, 2020) $0.01358
Capital Gains (2018) None Paid

Hypothetical Growth of $10,000 as of

D Shares
19054.97660000
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 D Shares

13.38000000

Additional Rating and Ranking Information

Average Annual Total Returns

I Shares (Incep. 2/1/2007) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THNIX2.41%2.81%2.96%2.37%2.71%3.37%
I Shares (Incep. 2/1/2007) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THNIX2.64%3.16%3.04%2.49%2.71%3.41%
I Shares (Incep. 2/1/2007) ICE BofA 3-15 Yr US Muni
2008 0.79% 3.01%
2009 9.62% 9.57%
2010 2.10% 3.48%
2011 8.16% 10.16%
2012 3.66% 4.88%
2013 -1.31% -0.99%
2014 5.92% 6.56%
2015 2.49% 3.16%
2016 -0.01% -0.06%
2017 2.36% 4.64%
2018 1.70% 1.45%
2019 4.80% 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) 0.69%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 0.67%
Actual Annualized Operating Expenses (fiscal year to date, as of 9/30/2020) 0.67%

Morningstar Rating

Overall Morningstar Rating among 142 Muni Single State 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 142, 129 and 110 funds, as of 9/30/2020.

Lipper Leader as of — Class I Shares

Preservation among 6015 funds
In the Other States Intermediate Muni Debt category
The Fund rated a 5 for the three- and five-year periods and a 4 for the ten-year period for Preservation among 6015, 5213 and 3420 funds, respectively.

30-Day Yields as of — Class I Shares

Annualized Distribution Yield 1.74%
SEC Yield 0.55%
Without the fee waivers and expense reimbursements described above, the Annualized Distribution yield would have been 1.70%, and the SEC yield would have been 0.51%.

Dividends and Capital Gains — Class I Shares

Dividend (paid Oct 31, 2020) $0.02007
Capital Gains (2018) None Paid

Hypothetical Growth of $10,000 as of

I Shares
15766.55410000
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

13.37000000

Additional Rating and Ranking Information
Important Information