Thornburg Short Duration Municipal Fund A (TLMAX)
11.78
-0.02
(-0.17%)
USD |
Sep 15 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.70% | 92.80M | -- | 55.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -31.31M | 1.01% |
Basic Info
| Investment Strategy | |
| The Fund seeks current income exempt from federal income tax, consistent with preservation of capital. The Fund invests principally in a laddered maturity portfolio of municipal obligations issued by states and state agencies, local governments and their agencies and by certain United States territories and possessions. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | Thornburg |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
52
-19.40M
Peer Group Low
229.87M
Peer Group High
1 Year
% Rank:
78
-31.31M
-501.34M
Peer Group Low
2.811B
Peer Group High
3 Months
% Rank:
56
-148.79M
Peer Group Low
952.98M
Peer Group High
3 Years
% Rank:
63
-998.82M
Peer Group Low
4.423B
Peer Group High
6 Months
% Rank:
72
-435.94M
Peer Group Low
1.122B
Peer Group High
5 Years
% Rank:
33
-7.817B
Peer Group Low
4.852B
Peer Group High
YTD
% Rank:
76
-458.42M
Peer Group Low
1.175B
Peer Group High
10 Years
% Rank:
41
-5.067B
Peer Group Low
3.107B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 16, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 99.96% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.04% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV KY 5.250 06/01/2055 | 2.56% | 103.82 | -0.14% |
| TENNERGY CORP TENN GAS REV TN 5.000 10/01/2054 | 2.38% | 103.46 | -0.11% |
| LOS ANGELES CALIF DEPT ARPTS ARPT REV CA 5.000 05/15/2030 | 2.37% | 105.36 | -0.10% |
| TRAVIS CNTY TEX HSG FIN CORP MULTIFAMILY HSG REV TX 4.125 06/01/2045 | 2.34% | 100.12 | 0.12% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV AL 5.000 12/01/2031 | 2.31% | 102.70 | -0.14% |
| HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV TX 5.000 05/15/2027 | 2.25% | 101.21 | -0.02% |
| MONTGOMERY CNTY OHIO HOSP REV OH 3.050 11/15/2045 | 1.99% | 100.00 | 0.00% |
| HALIFAX CNTY VA INDL DEV AUTH REV VA 3.800 12/01/2041 | 1.81% | 100.32 | -0.02% |
| ARIZONA ST INDL DEV AUTH MULTIFAMILY HSG REV AZ 5.000 03/01/2058 | 1.67% | 100.14 | -0.01% |
| PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV PA 3.250 08/01/2037 | 1.66% | 99.39 | -0.47% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.20% |
| Actual Management Fee | 0.04% |
| Administration Fee | 4831.00 None |
| Maximum Front Load | 2.25% |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 5000.00 None |
| Minimum Subsequent Investment | 100.00 None |
TTM Distributions
| Type | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of August 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks current income exempt from federal income tax, consistent with preservation of capital. The Fund invests principally in a laddered maturity portfolio of municipal obligations issued by states and state agencies, local governments and their agencies and by certain United States territories and possessions. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | Thornburg |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (9-15-26) | 3.06% |
| 30-Day SEC Yield (8-31-26) | 2.78% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 109 |
| Bond | |
| Yield to Maturity (6-30-26) | 3.09% |
| Effective Duration | -- |
| Average Coupon | 4.30% |
| Calculated Average Quality | 2.719 |
| Effective Maturity | 12.31 |
| Nominal Maturity | 13.69 |
| Number of Bond Holdings | 106 |
As of June 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 12/30/2013 |
| Last Annual Report Date | 9/30/2025 |
| Last Prospectus Date | 2/1/2026 |
| Share Classes | |
| TLMIX | Inst |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:TLMAX", "name") |
| Broad Asset Class: =YCI("M:TLMAX", "broad_asset_class") |
| Broad Category: =YCI("M:TLMAX", "broad_category_group") |
| Prospectus Objective: =YCI("M:TLMAX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |