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 charge-0.68%3.01%3.10%1.83%2.65%4.07%
THNMX with sales charge-2.69%0.95%2.39%1.41%2.44%4.00%
A Shares (Incep. 6/18/1991) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THNMX without sales charge-0.68%3.01%3.10%1.83%2.65%4.07%
THNMX with sales charge-2.69%0.95%2.39%1.41%2.44%4.00%
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%
2020 3.46% 4.96%

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) 0.98%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 0.98%

Morningstar Rating

Overall Morningstar Rating among 146 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 146, 130 and 110 funds, as of 12/31/2020.

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

Annualized Distribution Yield 1.65%
SEC Yield 0.01%
Without the fee waivers and expense reimbursements described above, the Annualized Distribution yield would have been 1.65%, and the SEC yield would have been 0.01%.

Dividends and Capital Gains — Class A Shares

Dividend (paid Mar 31, 2021) $0.01509
Capital Gains (2020) None Paid

Hypothetical Growth of $10,000 as of

A Shares with sales charge
32191.29210000
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
THNDX-0.82%2.75%2.80%1.55%2.40%3.01%
D Shares (Incep. 6/1/1999) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THNDX-0.82%2.75%2.80%1.55%2.40%3.01%
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%
2020 3.19% 4.96%

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) 1.26%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 1.24%

Morningstar Rating

Overall Morningstar Rating among 146 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 1 star among 146, 130 and 110 funds, as of 12/31/2020.

30-Day Yields as of — Class D Shares

Annualized Distribution Yield 1.42%
SEC Yield -0.25%
Without the fee waivers and expense reimbursements described above, the Annualized Distribution yield would have been 1.39%, and the SEC yield would have been -0.27%. Unsubsidized yields may appear disproportionate due to the size of net assets and fixed expenses.

Dividends and Capital Gains — Class D Shares

Dividend (paid Mar 31, 2021) $0.01217
Capital Gains (2020) None Paid

Hypothetical Growth of $10,000 as of

D Shares
19120.58790000
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
THNIX-0.68%3.34%3.41%2.13%2.98%3.32%
I Shares (Incep. 2/1/2007) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THNIX-0.68%3.34%3.41%2.13%2.98%3.32%
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%
2020 3.78% 4.96%

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) 0.71%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 0.67%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 0.67%

Morningstar Rating

Overall Morningstar Rating among 146 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 146, 130 and 110 funds, as of 12/31/2020.

30-Day Yields as of — Class I Shares

Annualized Distribution Yield 1.99%
SEC Yield 0.32%

Dividends and Capital Gains — Class I Shares

Dividend (paid Mar 31, 2021) $0.01866
Capital Gains (2020) None Paid

Hypothetical Growth of $10,000 as of

I Shares
15870.03770000
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