Thornburg Limited Term U.S. Government Fund

SYMBOL: LTUIX

Morningstar Rating • Info

Overall Morningstar Rating among 80 Short Government funds, based on risk-adjusted returns for class I shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 2 stars, 2 stars and 3 stars among 80, 76 and 67 funds, as of 31 Jan 2023.

As of 31 Jan 2023

Fund Assets

$205.6 M

As of 30 Apr 2023

NAV

$11.57

As of 17 Oct 2022

Change

$0.02

As of 17 Oct 2022

YTD NAV Performance

-9.28%

As of 17 Oct 2022

Asset Category:

Global Fixed Income

Fund Benchmark:

BBG US Govt Int TR Value

Portfolio Managers

Lon Erickson, CFA

Portfolio Manager and Managing Director

Jeff Klingelhofer, CFA

Co-Head of Investments and Managing Director

Jason Brady, CFA

President and CEO

Overview Performance Fund Facts Characteristics Portfolio Portfolio Managers Literature

Overview

Why Invest in This Fund?

Actively managed portfolio of high-quality short- to intermediate-term obligations issued by the U.S. government, designed to exhibit low or negative correlation to equities and low share price volatility.
Proven bottom-up fundamental approach focused on investing in short- to intermediate-term obligations issued by the U.S. government and its agencies with an average maturity of five years or less.
Seeks provide consistent income with the preservation of capital and lower volatility relative to core bond strategies.

Investment Objective

The fund’s goal is to provide investors as high a level of current income as is consistent with safety of capital. The fund also seeks to reduce changes in its share price compared to longer term portfolios.

Investment Approach

The Fund is an actively managed portfolio of short and intermediate obligations issued by the U.S. government, its agencies or instrumentalities, with a weighted average maturity of less than five years. The fund seeks to provide income consistent with the preservation of capital and lower volatility relative to core bond strategies

Returns

(As of 31 Mar 2023)

YTD

10y

Inception

Total Return (%)

2.24

-2.22

-1.78

0.39

0.54

4.39

BBG US Govt Int TR Value (%)

2.26

-1.52

-2.30

1.06

0.90

4.76

Morningstar Category Avg. (%)

1.6

-0.9

-1.32

0.66

0.46

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return (%)

2.11

-1.25

-2.19

0.32

0.58

4.36

BBG US Govt Int TR Value (%)

2.05

-0.81

-2.52

1.00

0.94

4.73

Morningstar Category Avg. (%)

1.6

-0.9

-1.32

0.66

0.46

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return (%)

2.24

-2.22

-5.25

1.95

5.50

357.03

BBG US Govt Int TR Value (%)

2.26

-1.52

-6.75

5.42

9.40

417.18

YTD

10y

Inception

Total Return (%)

2.11

-1.25

-6.43

1.62

5.90

356.46

BBG US Govt Int TR Value (%)

2.05

-0.81

-7.37

5.12

9.81

416.11

2017

2018

2019

2020

2021

2022

Total Return (%)

0.93

1.11

3.91

4.07

-1.58

-7.77

BBG US Govt Int TR Value (%)

1.14

1.43

5.20

5.73

-1.69

-7.73

Source: Confluence

Periods less than one year are not annualized.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate so shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than quoted.

The maximum sales charge for the Fund's A shares is 2.25%. C shares include a 0.50% contingent deferred sales charge (CDSC) for the first year only. There is no up-front sales charge for the I and R shares.

Morningstar quartile ranking for Short Government category is based on total returns before sales charges for 1-, 3-, 5- and 10-years, among 83, 79, 76 and 66 funds, respectively, as of 30 Sep 2022.

Prior to inception of I and R share classes, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.

Share class inception dates: A shares, 16 Nov 1987; C shares, 1 Sep 1994; I shares, 5 Jul 1996; R3 shares, 1 Jul 2003; R4 shares, 1 Feb 2014; R5 shares, 1 May 2012.

Fund Fees

(As of 1 Feb 2023)

Gross Expense Ratio (%)

0.62

Net Expense Ratio (%)

0.62

Thornburg Investment Management and/or Thornburg Securities Corporation have contractually agreed to waive fees and reimburse expenses through at least February 1, 2024, for some of the share classes; these are reflected in the net expense ratio. For more detailed information on fund expenses and waivers/reimbursements, please see the fund's prospectus.

Expense Ratios - Expressed as a percentage of total fund assets and include management fees and operating costs. Expense ratios fluctuate over time and the expense ratio in the prospectus may differ from the actual expense ratio. The fund's total return includes the deduction of expenses.

Hypothetical Growth of $10,000

            Categories,I Shares,BBG US Govt Int TR Value
            1987-11-16,10000,10000
1987-11-30,10055,10000
1987-12-31,10069,10097
1988-01-31,10320,10347
1988-02-29,10399,10457
1988-03-31,10365,10413
1988-04-30,10315,10395
1988-05-31,10267,10346
1988-06-30,10490,10514
1988-07-31,10464,10483
1988-08-31,10483,10497
1988-09-30,10682,10678
1988-10-31,10867,10826
1988-11-30,10759,10732
1988-12-31,10731,10743
1989-01-31,10850,10850
1989-02-28,10790,10804
1989-03-31,10827,10854
1989-04-30,10958,11073
1989-05-31,11156,11287
1989-06-30,11384,11575
1989-07-31,11528,11810
1989-08-31,11509,11650
1989-09-30,11567,11706
1989-10-31,11741,11952
1989-11-30,11819,12070
1989-12-31,11915,12105
1990-01-31,11913,12030
1990-02-28,11960,12075
1990-03-31,12006,12089
1990-04-30,11973,12048
1990-05-31,12204,12306
1990-06-30,12354,12468
1990-07-31,12516,12643
1990-08-31,12500,12597
1990-09-30,12589,12710
1990-10-31,12722,12887
1990-11-30,12899,13081
1990-12-31,13034,13262
1991-01-31,13169,13399
1991-02-28,13248,13480
1991-03-31,13339,13554
1991-04-30,13496,13694
1991-05-31,13555,13771
1991-06-30,13580,13783
1991-07-31,13727,13932
1991-08-31,13955,14197
1991-09-30,14176,14438
1991-10-31,14337,14603
1991-11-30,14473,14774
1991-12-31,14727,15134
1992-01-31,14653,14988
1992-02-29,14683,15035
1992-03-31,14664,14975
1992-04-30,14775,15109
1992-05-31,14970,15335
1992-06-30,15178,15555
1992-07-31,15387,15854
1992-08-31,15560,16016
1992-09-30,15801,16237
1992-10-31,15667,16042
1992-11-30,15692,15976
1992-12-31,15878,16182
1993-01-31,16078,16483
1993-02-28,16316,16726
1993-03-31,16365,16787
1993-04-30,16475,16919
1993-05-31,16470,16872
1993-06-30,16630,17117
1993-07-31,16681,17151
1993-08-31,16859,17407
1993-09-30,16915,17477
1993-10-31,16957,17519
1993-11-30,16891,17432
1993-12-31,16930,17504
1994-01-31,17087,17677
1994-02-28,16909,17434
1994-03-31,16690,17180
1994-04-30,16582,17069
1994-05-31,16597,17081
1994-06-30,16598,17085
1994-07-31,16778,17309
1994-08-31,16851,17359
1994-09-30,16692,17216
1994-10-31,16688,17219
1994-11-30,16611,17143
1994-12-31,16648,17199
1995-01-31,16900,17478
1995-02-28,17220,17816
1995-03-31,17332,17914
1995-04-30,17500,18121
1995-05-31,17914,18632
1995-06-30,18025,18751
1995-07-31,18064,18760
1995-08-31,18177,18915
1995-09-30,18379,19042
1995-10-31,18538,19250
1995-11-30,18726,19485
1995-12-31,18886,19677
1996-01-31,19033,19843
1996-02-29,18921,19633
1996-03-31,18903,19544
1996-04-30,18882,19487
1996-05-31,18878,19477
1996-06-30,19043,19675
1996-07-31,19107,19736
1996-08-31,19135,19758
1996-09-30,19351,20014
1996-10-31,19616,20342
1996-11-30,19833,20587
1996-12-31,19765,20476
1997-01-31,19841,20555
1997-02-28,19879,20588
1997-03-31,19809,20471
1997-04-30,19998,20702
1997-05-31,20124,20864
1997-06-30,20314,21042
1997-07-31,20605,21430
1997-08-31,20564,21348
1997-09-30,20755,21580
1997-10-31,20980,21831
1997-11-30,21001,21879
1997-12-31,21143,22058
1998-01-31,21388,22345
1998-02-28,21388,22322
1998-03-31,21479,22391
1998-04-30,21551,22498
1998-05-31,21694,22653
1998-06-30,21800,22806
1998-07-31,21872,22893
1998-08-31,22227,23326
1998-09-30,22636,23870
1998-10-31,22653,23910
1998-11-30,22615,23837
1998-12-31,22685,23930
1999-01-31,22791,24036
1999-02-28,22529,23706
1999-03-31,22691,23864
1999-04-30,22742,23928
1999-05-31,22609,23782
1999-06-30,22605,23816
1999-07-31,22565,23819
1999-08-31,22581,23853
1999-09-30,22823,24057
1999-10-31,22858,24105
1999-11-30,22893,24122
1999-12-31,22815,24046
2000-01-31,22700,23965
2000-02-29,22912,24164
2000-03-31,23147,24439
2000-04-30,23127,24430
2000-05-31,23167,24495
2000-06-30,23563,24884
2000-07-31,23704,25049
2000-08-31,23986,25330
2000-09-30,24208,25551
2000-10-31,24351,25727
2000-11-30,24698,26104
2000-12-31,25129,26565
2001-01-31,25438,26918
2001-02-28,25686,27165
2001-03-31,25851,27362
2001-04-30,25807,27276
2001-05-31,25891,27389
2001-06-30,25952,27476
2001-07-31,26454,27989
2001-08-31,26705,28237
2001-09-30,27223,28840
2001-10-31,27616,29290
2001-11-30,27251,28940
2001-12-31,27031,28800
2002-01-31,27204,28925
2002-02-28,27494,29164
2002-03-31,27154,28724
2002-04-30,27647,29262
2002-05-31,27907,29466
2002-06-30,28211,29834
2002-07-31,28737,30396
2002-08-31,29152,30744
2002-09-30,29701,31272
2002-10-31,29524,31251
2002-11-30,29357,31003
2002-12-31,29933,31576
2003-01-31,29934,31507
2003-02-28,30392,31862
2003-03-31,30318,31869
2003-04-30,30378,31959
2003-05-31,30972,32460
2003-06-30,30893,32407
2003-07-31,30050,31620
2003-08-31,30061,31677
2003-09-30,30743,32364
2003-10-31,30449,32047
2003-11-30,30457,32049
2003-12-31,30700,32299
2004-01-31,30847,32474
2004-02-29,31134,32783
2004-03-31,31309,33011
2004-04-30,30657,32274
2004-05-31,30519,32170
2004-06-30,30591,32252
2004-07-31,30761,32485
2004-08-31,31146,32968
2004-09-30,31163,32981
2004-10-31,31277,33182
2004-11-30,31060,32874
2004-12-31,31174,33052
2005-01-31,31221,33095
2005-02-28,31073,32910
2005-03-31,31026,32829
2005-04-30,31294,33212
2005-05-31,31468,33477
2005-06-30,31544,33586
2005-07-31,31353,33300
2005-08-31,31628,33670
2005-09-30,31461,33411
2005-10-31,31392,33270
2005-11-30,31473,33407
2005-12-31,31606,33609
2006-01-31,31630,33606
2006-02-28,31653,33613
2006-03-31,31593,33509
2006-04-30,31651,33540
2006-05-31,31690,33551
2006-06-30,31735,33611
2006-07-31,32005,33963
2006-08-31,32298,34345
2006-09-30,32464,34593
2006-10-31,32606,34757
2006-11-30,32813,35035
2006-12-31,32758,34901
2007-01-31,32796,34906
2007-02-28,33141,35343
2007-03-31,33215,35435
2007-04-30,33335,35591
2007-05-31,33150,35388
2007-06-30,33199,35436
2007-07-31,33538,35872
2007-08-31,33984,36378
2007-09-30,34201,36626
2007-10-31,34362,36847
2007-11-30,34998,37735
2007-12-31,35080,37856
2008-01-31,35745,38749
2008-02-29,35986,39171
2008-03-31,36114,39412
2008-04-30,35762,38886
2008-05-31,35627,38536
2008-06-30,35766,38686
2008-07-31,35823,38892
2008-08-31,36103,39189
2008-09-30,36273,39379
2008-10-31,35811,39522
2008-11-30,36819,40876
2008-12-31,37561,41805
2009-01-31,37370,41278
2009-02-28,37553,41204
2009-03-31,38088,41773
2009-04-30,38077,41472
2009-05-31,38147,41285
2009-06-30,38218,41171
2009-07-31,38431,41350
2009-08-31,38797,41612
2009-09-30,38995,41844
2009-10-31,39166,41937
2009-11-30,39624,42449
2009-12-31,39146,41670
2010-01-31,39599,42213
2010-02-28,39736,42392
2010-03-31,39589,42137
2010-04-30,39834,42437
2010-05-31,40145,42941
2010-06-30,40509,43509
2010-07-31,40722,43833
2010-08-31,40876,44315
2010-09-30,40957,44434
2010-10-31,41184,44599
2010-11-30,41001,44338
2010-12-31,40654,43745
2011-01-31,40788,43870
2011-02-28,40807,43770
2011-03-31,40856,43753
2011-04-30,41296,44184
2011-05-31,41657,44693
2011-06-30,41679,44663
2011-07-31,42025,45242
2011-08-31,42182,45972
2011-09-30,42182,46088
2011-10-31,42185,46008
2011-11-30,42244,46160
2011-12-31,42340,46404
2012-01-31,42590,46642
2012-02-29,42527,46444
2012-03-31,42531,46228
2012-04-30,42758,46648
2012-05-31,42863,46961
2012-06-30,42801,46900
2012-07-31,43017,47176
2012-08-31,43092,47198
2012-09-30,43293,47191
2012-10-31,43259,47117
2012-11-30,43379,47289
2012-12-31,43334,47205
2013-01-31,43281,47026
2013-02-28,43343,47218
2013-03-31,43319,47273
2013-04-30,43449,47481
2013-05-31,43101,47002
2013-06-30,42681,46624
2013-07-31,42671,46678
2013-08-31,42510,46470
2013-09-30,42838,46812
2013-10-31,42959,46988
2013-11-30,43018,46968
2013-12-31,42663,46616
2014-01-31,42993,47000
2014-02-28,43154,47097
2014-03-31,43077,46913
2014-04-30,43262,47084
2014-05-31,43519,47397
2014-06-30,43543,47338
2014-07-31,43438,47216
2014-08-31,43614,47506
2014-09-30,43530,47345
2014-10-31,43755,47677
2014-11-30,43919,47917
2014-12-31,43791,47793
2015-01-31,44170,48554
2015-02-28,44016,48137
2015-03-31,44136,48391
2015-04-30,44146,48347
2015-05-31,44169,48372
2015-06-30,44080,48183
2015-07-31,44159,48377
2015-08-31,44200,48404
2015-09-30,44369,48765
2015-10-31,44286,48610
2015-11-30,44197,48449
2015-12-31,44044,48357
2016-01-31,44580,49125
2016-02-29,44699,49368
2016-03-31,44808,49461
2016-04-30,44848,49447
2016-05-31,44794,49376
2016-06-30,45151,50076
2016-07-31,45131,50095
2016-08-31,45073,49870
2016-09-30,45178,49955
2016-10-31,45097,49716
2016-11-30,44650,48880
2016-12-31,44623,48867
2017-01-31,44677,48964
2017-02-28,44772,49106
2017-03-31,44749,49130
2017-04-30,44923,49388
2017-05-31,45055,49582
2017-06-30,44919,49453
2017-07-31,45052,49610
2017-08-31,45252,49912
2017-09-30,45098,49623
2017-10-31,45068,49560
2017-11-30,45015,49409
2017-12-31,45039,49422
2018-01-31,44753,48951
2018-02-28,44638,48808
2018-03-31,44829,49062
2018-04-30,44669,48783
2018-05-31,44921,49098
2018-06-30,44902,49093
2018-07-31,44815,48997
2018-08-31,45032,49288
2018-09-30,44887,49038
2018-10-31,44816,49057
2018-11-30,45069,49393
2018-12-31,45539,50127
2019-01-31,45773,50341
2019-02-28,45795,50306
2019-03-31,46162,50919
2019-04-30,46215,50943
2019-05-31,46662,51687
2019-06-30,46859,52113
2019-07-31,46872,52022
2019-08-31,47312,52958
2019-09-30,47289,52726
2019-10-31,47374,52877
2019-11-30,47345,52749
2019-12-31,47318,52733
2020-01-31,47828,53477
2020-02-29,48266,54355
2020-03-31,48238,55464
2020-04-30,48609,55617
2020-05-31,48782,55719
2020-06-30,49020,55767
2020-07-31,49228,55945
2020-08-31,49150,55836
2020-09-30,49179,55878
2020-10-31,49019,55671
2020-11-30,49151,55739
2020-12-31,49243,55757
2021-01-31,49182,55626
2021-02-28,48795,55168
2021-03-31,48443,54796
2021-04-30,48651,55000
2021-05-31,48714,55174
2021-06-30,48669,55134
2021-07-31,48993,55557
2021-08-31,48909,55467
2021-09-30,48705,55132
2021-10-31,48533,54818
2021-11-30,48551,54956
2021-12-31,48467,54812
2022-01-31,47926,54112
2022-02-28,47720,53868
2022-03-31,46740,52516
2022-04-30,45873,51681
2022-05-31,46226,52031
2022-06-30,45804,51648
2022-07-31,46574,52333
2022-08-31,45625,51289
2022-09-30,44203,50071
2022-10-31,43960,49843
2022-11-30,44877,50696
2022-12-31,44702,50577
2023-01-31,45643,51382
2023-02-28,44932,50491
2023-03-31,45703,51718
2023-04-30,45855,51995
2023-05-31,45646,51611

Hypothetical Growth of $10,000

(As of 31 May 2023)

(Hypothetical Growth of $10,000 vs BBG US Govt Int TR Value)

                        Categories,I Shares,BBG US Govt Int TR Value
                        2022-05-31,10000,10000
2022-06-30,9909,9926
2022-07-31,10075,10058
2022-08-31,9870,9857
2022-09-30,9562,9623
2022-10-31,9510,9580
2022-11-30,9708,9743
2022-12-31,9670,9720
2023-01-31,9874,9875
2023-02-28,9720,9704
2023-03-31,9887,9940
2023-04-30,9920,9993
2023-05-31,9875,9919

                        Categories,I Shares,BBG US Govt Int TR Value
                        2020-05-31,10000,10000
2020-06-30,10049,10009
2020-07-31,10092,10041
2020-08-31,10075,10021
2020-09-30,10081,10029
2020-10-31,10049,9991
2020-11-30,10076,10004
2020-12-31,10094,10007
2021-01-31,10082,9983
2021-02-28,10003,9901
2021-03-31,9931,9834
2021-04-30,9973,9871
2021-05-31,9986,9902
2021-06-30,9977,9895
2021-07-31,10043,9971
2021-08-31,10026,9955
2021-09-30,9984,9895
2021-10-31,9949,9838
2021-11-30,9953,9863
2021-12-31,9935,9837
2022-01-31,9825,9712
2022-02-28,9782,9668
2022-03-31,9581,9425
2022-04-30,9404,9275
2022-05-31,9476,9338
2022-06-30,9390,9269
2022-07-31,9547,9392
2022-08-31,9353,9205
2022-09-30,9061,8986
2022-10-31,9012,8946
2022-11-30,9199,9099
2022-12-31,9164,9077
2023-01-31,9357,9222
2023-02-28,9211,9062
2023-03-31,9369,9282
2023-04-30,9400,9332
2023-05-31,9357,9263

                        Categories,I Shares,BBG US Govt Int TR Value
                        2018-05-31,10000,10000
2018-06-30,9996,9999
2018-07-31,9976,9979
2018-08-31,10025,10039
2018-09-30,9993,9988
2018-10-31,9977,9992
2018-11-30,10033,10060
2018-12-31,10138,10209
2019-01-31,10190,10253
2019-02-28,10195,10246
2019-03-31,10276,10371
2019-04-30,10288,10376
2019-05-31,10388,10527
2019-06-30,10431,10614
2019-07-31,10434,10596
2019-08-31,10532,10786
2019-09-30,10527,10739
2019-10-31,10546,10770
2019-11-30,10540,10744
2019-12-31,10534,10740
2020-01-31,10647,10892
2020-02-29,10745,11071
2020-03-31,10738,11297
2020-04-30,10821,11328
2020-05-31,10860,11348
2020-06-30,10913,11358
2020-07-31,10959,11395
2020-08-31,10941,11372
2020-09-30,10948,11381
2020-10-31,10912,11339
2020-11-30,10942,11353
2020-12-31,10962,11356
2021-01-31,10949,11329
2021-02-28,10862,11236
2021-03-31,10784,11161
2021-04-30,10830,11202
2021-05-31,10844,11238
2021-06-30,10834,11229
2021-07-31,10907,11316
2021-08-31,10888,11297
2021-09-30,10842,11229
2021-10-31,10804,11165
2021-11-30,10808,11193
2021-12-31,10789,11164
2022-01-31,10669,11021
2022-02-28,10623,10972
2022-03-31,10405,10696
2022-04-30,10212,10526
2022-05-31,10291,10597
2022-06-30,10197,10519
2022-07-31,10368,10659
2022-08-31,10157,10446
2022-09-30,9840,10198
2022-10-31,9786,10152
2022-11-30,9990,10325
2022-12-31,9951,10301
2023-01-31,10161,10465
2023-02-28,10003,10284
2023-03-31,10174,10534
2023-04-30,10208,10590
2023-05-31,10162,10512

                        Categories,I Shares,BBG US Govt Int TR Value
                        2013-05-31,10000,10000
2013-06-30,9902,9920
2013-07-31,9900,9931
2013-08-31,9863,9887
2013-09-30,9939,9960
2013-10-31,9967,9997
2013-11-30,9981,9993
2013-12-31,9898,9918
2014-01-31,9975,10000
2014-02-28,10012,10020
2014-03-31,9994,9981
2014-04-30,10037,10017
2014-05-31,10097,10084
2014-06-30,10103,10071
2014-07-31,10078,10046
2014-08-31,10119,10107
2014-09-30,10099,10073
2014-10-31,10152,10144
2014-11-30,10190,10195
2014-12-31,10160,10168
2015-01-31,10248,10330
2015-02-28,10212,10242
2015-03-31,10240,10296
2015-04-30,10242,10286
2015-05-31,10248,10291
2015-06-30,10227,10251
2015-07-31,10245,10293
2015-08-31,10255,10298
2015-09-30,10294,10375
2015-10-31,10275,10342
2015-11-30,10254,10308
2015-12-31,10219,10288
2016-01-31,10343,10452
2016-02-29,10371,10503
2016-03-31,10396,10523
2016-04-30,10405,10520
2016-05-31,10393,10505
2016-06-30,10476,10654
2016-07-31,10471,10658
2016-08-31,10457,10610
2016-09-30,10482,10628
2016-10-31,10463,10577
2016-11-30,10359,10400
2016-12-31,10353,10397
2017-01-31,10366,10418
2017-02-28,10387,10448
2017-03-31,10382,10453
2017-04-30,10423,10508
2017-05-31,10453,10549
2017-06-30,10422,10521
2017-07-31,10453,10555
2017-08-31,10499,10619
2017-09-30,10463,10558
2017-10-31,10456,10544
2017-11-30,10444,10512
2017-12-31,10449,10515
2018-01-31,10383,10415
2018-02-28,10356,10384
2018-03-31,10401,10438
2018-04-30,10364,10379
2018-05-31,10422,10446
2018-06-30,10418,10445
2018-07-31,10397,10424
2018-08-31,10448,10486
2018-09-30,10414,10433
2018-10-31,10398,10437
2018-11-30,10456,10509
2018-12-31,10566,10665
2019-01-31,10620,10710
2019-02-28,10625,10703
2019-03-31,10710,10833
2019-04-30,10722,10838
2019-05-31,10826,10997
2019-06-30,10872,11087
2019-07-31,10875,11068
2019-08-31,10977,11267
2019-09-30,10972,11218
2019-10-31,10991,11250
2019-11-30,10985,11223
2019-12-31,10978,11219
2020-01-31,11097,11378
2020-02-29,11198,11564
2020-03-31,11192,11800
2020-04-30,11278,11833
2020-05-31,11318,11855
2020-06-30,11373,11865
2020-07-31,11422,11903
2020-08-31,11403,11880
2020-09-30,11410,11888
2020-10-31,11373,11844
2020-11-30,11403,11859
2020-12-31,11425,11863
2021-01-31,11411,11835
2021-02-28,11321,11737
2021-03-31,11239,11658
2021-04-30,11287,11702
2021-05-31,11302,11739
2021-06-30,11292,11730
2021-07-31,11367,11820
2021-08-31,11347,11801
2021-09-30,11300,11730
2021-10-31,11260,11663
2021-11-30,11264,11692
2021-12-31,11245,11662
2022-01-31,11119,11513
2022-02-28,11071,11461
2022-03-31,10844,11173
2022-04-30,10643,10996
2022-05-31,10725,11070
2022-06-30,10627,10989
2022-07-31,10806,11134
2022-08-31,10585,10912
2022-09-30,10256,10653
2022-10-31,10199,10605
2022-11-30,10412,10786
2022-12-31,10371,10761
2023-01-31,10590,10932
2023-02-28,10425,10742
2023-03-31,10604,11004
2023-04-30,10639,11062
2023-05-31,10590,10981

The Hypothetical Growth graph compares a hypothetical investment in the Fund to the performance of the Index for the stated time period. Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.

Distributions

            Categories,Total ($)
            1996-01-31,0
1996-02-29,0
1996-03-31,0
1996-04-30,0
1996-05-31,0
1996-06-30,0
1996-07-31,0.06041
1996-08-31,0.06806
1996-09-30,0.06754
1996-10-31,0.06769
1996-11-30,0.06666
1996-12-31,0.06705
1997-01-31,0.06711
1997-02-28,0.06411
1997-03-31,0.06682
1997-04-30,0.06577
1997-05-31,0.06633
1997-06-30,0.06534
1997-07-31,0.06542
1997-08-31,0.06516
1997-09-30,0.06424
1997-10-31,0.06346
1997-11-30,0.06240
1997-12-31,0.06306
1998-01-31,0.06303
1998-02-28,0.06020
1998-03-31,0.06248
1998-04-30,0.06136
1998-05-31,0.06177
1998-06-30,0.06057
1998-07-31,0.06092
1998-08-31,0.06033
1998-09-30,0.05986
1998-10-31,0.05939
1998-11-30,0.05868
1998-12-31,0.05866
1999-01-31,0.05835
1999-02-28,0.05666
1999-03-31,0.05823
1999-04-30,0.05783
1999-05-31,0.05802
1999-06-30,0.05794
1999-07-31,0.05827
1999-08-31,0.05851
1999-09-30,0.05832
1999-10-31,0.05876
1999-11-30,0.05833
1999-12-31,0.05950
2000-01-31,0.05976
2000-02-29,0.05988
2000-03-31,0.06084
2000-04-30,0.05997
2000-05-31,0.06051
2000-06-30,0.06062
2000-07-31,0.06115
2000-08-31,0.06175
2000-09-30,0.06103
2000-10-31,0.06103
2000-11-30,0.06117
2000-12-31,0.06207
2001-01-31,0.06149
2001-02-28,0.06082
2001-03-31,0.05986
2001-04-30,0.05896
2001-05-31,0.06023
2001-06-30,0.05922
2001-07-31,0.05873
2001-08-31,0.05878
2001-09-30,0.05362
2001-10-31,0.05479
2001-11-30,0.05916
2001-12-31,0.04794
2002-01-31,0.04988
2002-02-28,0.04381
2002-03-31,0.05389
2002-04-30,0.05579
2002-05-31,0.05838
2002-06-30,0.05781
2002-07-31,0.04777
2002-08-31,0.04661
2002-09-30,0.04620
2002-10-31,0.05094
2002-11-30,0.04536
2002-12-31,0.04568
2003-01-31,0.04029
2003-02-28,0.03180
2003-03-31,0.04745
2003-04-30,0.05634
2003-05-31,0.04930
2003-06-30,0.03535
2003-07-31,0.03489
2003-08-31,0.03469
2003-09-30,0.03387
2003-10-31,0.03355
2003-11-30,0.03355
2003-12-31,0.03389
2004-01-31,0.03263
2004-02-29,0.03245
2004-03-31,0.03427
2004-04-30,0.03366
2004-05-31,0.03173
2004-06-30,0.03033
2004-07-31,0.03171
2004-08-31,0.03118
2004-09-30,0.02738
2004-10-31,0.02760
2004-11-30,0.02962
2004-12-31,0.03741
2005-01-31,0.02942
2005-02-28,0.02871
2005-03-31,0.03065
2005-04-30,0.03037
2005-05-31,0.03146
2005-06-30,0.03094
2005-07-31,0.03210
2005-08-31,0.03212
2005-09-30,0.03182
2005-10-31,0.03226
2005-11-30,0.03262
2005-12-31,0.03375
2006-01-31,0.02975
2006-02-28,0.02913
2006-03-31,0.03595
2006-04-30,0.03309
2006-05-31,0.03574
2006-06-30,0.03772
2006-07-31,0.03686
2006-08-31,0.03563
2006-09-30,0.03565
2006-10-31,0.03560
2006-11-30,0.03118
2006-12-31,0.03864
2007-01-31,0.03466
2007-02-28,0.03405
2007-03-31,0.03873
2007-04-30,0.03625
2007-05-31,0.03875
2007-06-30,0.03868
2007-07-31,0.04009
2007-08-31,0.04014
2007-09-30,0.04234
2007-10-31,0.04101
2007-11-30,0.04071
2007-12-31,0.04074
2008-01-31,0.04002
2008-02-29,0.03996
2008-03-31,0.03810
2008-04-30,0.03876
2008-05-31,0.03990
2008-06-30,0.04164
2008-07-31,0.04101
2008-08-31,0.04293
2008-09-30,0.04213
2008-10-31,0.03127
2008-11-30,0.03773
2008-12-31,0.01988
2009-01-31,0.02031
2009-02-28,0.03653
2009-03-31,0.04361
2009-04-30,0.04600
2009-05-31,0.04502
2009-06-30,0.04546
2009-07-31,0.04601
2009-08-31,0.04999
2009-09-30,0.04042
2009-10-31,0.04017
2009-11-30,0.10146
2009-12-31,0.05263
2010-01-31,0.03777
2010-02-28,0.03770
2010-03-31,0.03896
2010-04-30,0.03485
2010-05-31,0.03702
2010-06-30,0.03509
2010-07-31,0.03310
2010-08-31,0.03286
2010-09-30,0.03736
2010-10-31,0.03733
2010-11-30,0.03789
2010-12-31,0.05247
2011-01-31,0.03518
2011-02-28,0.03670
2011-03-31,0.03631
2011-04-30,0.03728
2011-05-31,0.04050
2011-06-30,0.03718
2011-07-31,0.03493
2011-08-31,0.03175
2011-09-30,0.03011
2011-10-31,0.03109
2011-11-30,0.03922
2011-12-31,0.04146
2012-01-31,0.03174
2012-02-29,0.02940
2012-03-31,0.03152
2012-04-30,0.03361
2012-05-31,0.03397
2012-06-30,0.03015
2012-07-31,0.02945
2012-08-31,0.03419
2012-09-30,0.03451
2012-10-31,0.03925
2012-11-30,0.03828
2012-12-31,0.03566
2013-01-31,0.03322
2013-02-28,0.02955
2013-03-31,0.03245
2013-04-30,0.03098
2013-05-31,0.03058
2013-06-30,0.02793
2013-07-31,0.02702
2013-08-31,0.01952
2013-09-30,0.01237
2013-10-31,0.01795
2013-11-30,0.01815
2013-12-31,0.01973
2014-01-31,0.02247
2014-02-28,0.02994
2014-03-31,0.03605
2014-04-30,0.02730
2014-05-31,0.02906
2014-06-30,0.02739
2014-07-31,0.02778
2014-08-31,0.02387
2014-09-30,0.02433
2014-10-31,0.02858
2014-11-30,0.02990
2014-12-31,0.02117
2015-01-31,0.01468
2015-02-28,0.01361
2015-03-31,0.01624
2015-04-30,0.02295
2015-05-31,0.02678
2015-06-30,0.02345
2015-07-31,0.02352
2015-08-31,0.02249
2015-09-30,0.02036
2015-10-31,0.01522
2015-11-30,0.01363
2015-12-31,0.02414
2016-01-31,0.01955
2016-02-29,0.01542
2016-03-31,0.02254
2016-04-30,0.02170
2016-05-31,0.02403
2016-06-30,0.02554
2016-07-31,0.02401
2016-08-31,0.02296
2016-09-30,0.01097
2016-10-31,0.01617
2016-11-30,0.01889
2016-12-31,0.02218
2017-01-31,0.01569
2017-02-28,0.01763
2017-03-31,0.02341
2017-04-30,0.02070
2017-05-31,0.01836
2017-06-30,0.02052
2017-07-31,0.01861
2017-08-31,0.01783
2017-09-30,0.01536
2017-10-31,0.02147
2017-11-30,0.02462
2017-12-31,0.01688
2018-01-31,0.01797
2018-02-28,0.01696
2018-03-31,0.02472
2018-04-30,0.02437
2018-05-31,0.02172
2018-06-30,0.02456
2018-07-31,0.02526
2018-08-31,0.02155
2018-09-30,0.01910
2018-10-31,0.01991
2018-11-30,0.02136
2018-12-31,0.02251
2019-01-31,0.01582
2019-02-28,0.01603
2019-03-31,0.02321
2019-04-30,0.02464
2019-05-31,0.02505
2019-06-30,0.02494
2019-07-31,0.02369
2019-08-31,0.02240
2019-09-30,0.02360
2019-10-31,0.02345
2019-11-30,0.02207
2019-12-31,0.02242
2020-01-31,0.02061
2020-02-29,0.02060
2020-03-31,0.02217
2020-04-30,0.02166
2020-05-31,0.01745
2020-06-30,0.01520
2020-07-31,0.01684
2020-08-31,0.01854
2020-09-30,0.01796
2020-10-31,0.01653
2020-11-30,0.01573
2020-12-31,0.01492
2021-01-31,0.01370
2021-02-28,0.01502
2021-03-31,0.01491
2021-04-30,0.01604
2021-05-31,0.01714
2021-06-30,0.01784
2021-07-31,0.01725
2021-08-31,0.01734
2021-09-30,0.01533
2021-10-31,0.01388
2021-11-30,0.01462
2021-12-31,0.01758
2022-01-31,0.01558
2022-02-28,0.01488
2022-03-31,0.01875
2022-04-30,0.01939
2022-05-31,0.02390
2022-06-30,0.01803
2022-07-31,0.02373
2022-08-31,0.02926
2022-09-30,0.01516
2022-10-31,0.01591
2022-11-30,0.02106
2022-12-31,0.02425
2023-01-31,0.01639
2023-02-28,0.01408
2023-03-31,0.03150
2023-04-30,0.02942
2023-05-31,0.02584

            Ex Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
            ,0,0,0,0
,0,0,0,0
,0,0,0,0
,0,0,0,0
,0,0,0,0
,0,0,0,0
1996-07-31,0.06041,0.06041,0,0
1996-08-30,0.06806,0.06806,0,0
1996-09-30,0.06754,0.06754,0,0
1996-10-31,0.06769,0.06769,0,0
1996-11-29,0.06666,0.06666,0,0
1996-12-31,0.06705,0.06705,0,0
1997-01-31,0.06711,0.06711,0,0
1997-02-28,0.06411,0.06411,0,0
1997-03-31,0.06682,0.06682,0,0
1997-04-30,0.06577,0.06577,0,0
1997-05-30,0.06633,0.06633,0,0
1997-06-30,0.06534,0.06534,0,0
1997-07-31,0.06542,0.06542,0,0
1997-08-29,0.06516,0.06516,0,0
1997-09-30,0.06424,0.06424,0,0
1997-10-31,0.06346,0.06346,0,0
1997-11-28,0.06240,0.06240,0,0
1997-12-31,0.06306,0.06306,0,0
1998-01-30,0.06303,0.06303,0,0
1998-02-27,0.06020,0.06020,0,0
1998-03-31,0.06248,0.06248,0,0
1998-04-30,0.06136,0.06136,0,0
1998-05-29,0.06177,0.06177,0,0
1998-06-30,0.06057,0.06057,0,0
1998-07-31,0.06092,0.06092,0,0
1998-08-31,0.06033,0.06033,0,0
1998-09-30,0.05986,0.05986,0,0
1998-10-30,0.05939,0.05939,0,0
1998-11-30,0.05868,0.05868,0,0
1998-12-31,0.05866,0.05866,0,0
1999-01-29,0.05835,0.05835,0,0
1999-02-26,0.05666,0.05666,0,0
1999-03-31,0.05823,0.05823,0,0
1999-04-30,0.05783,0.05783,0,0
1999-05-28,0.05802,0.05802,0,0
1999-06-30,0.05794,0.05794,0,0
1999-07-30,0.05827,0.05827,0,0
1999-08-31,0.05851,0.05851,0,0
1999-09-30,0.05832,0.05832,0,0
1999-10-29,0.05876,0.05876,0,0
1999-11-30,0.05833,0.05833,0,0
1999-12-31,0.05950,0.05950,0,0
2000-01-31,0.05976,0.05976,0,0
2000-02-29,0.05988,0.05988,0,0
2000-03-31,0.06084,0.06084,0,0
2000-04-28,0.05997,0.05997,0,0
2000-05-31,0.06051,0.06051,0,0
2000-06-30,0.06062,0.06062,0,0
2000-07-31,0.06115,0.06115,0,0
2000-08-31,0.06175,0.06175,0,0
2000-09-29,0.06103,0.06103,0,0
2000-10-31,0.06103,0.06103,0,0
2000-11-30,0.06117,0.06117,0,0
2000-12-29,0.06207,0.06207,0,0
2001-01-31,0.06149,0.06149,0,0
2001-02-28,0.06082,0.06082,0,0
2001-03-30,0.05986,0.05986,0,0
2001-04-30,0.05896,0.05896,0,0
2001-05-31,0.06023,0.06023,0,0
2001-06-29,0.05922,0.05922,0,0
2001-07-31,0.05873,0.05873,0,0
2001-08-31,0.05878,0.05878,0,0
2001-09-28,0.05362,0.05362,0,0
2001-10-31,0.05479,0.05479,0,0
2001-11-30,0.05916,0.05916,0,0
2001-12-31,0.04794,0.04794,0,0
2002-01-31,0.04988,0.04988,0,0
2002-02-28,0.04381,0.04381,0,0
2002-03-28,0.05389,0.05389,0,0
2002-04-30,0.05579,0.05579,0,0
2002-05-31,0.05838,0.05838,0,0
2002-06-28,0.05781,0.05781,0,0
2002-07-31,0.04777,0.04777,0,0
2002-08-30,0.04661,0.04661,0,0
2002-09-30,0.04620,0.04620,0,0
2002-10-31,0.05094,0.05094,0,0
2002-11-29,0.04536,0.04536,0,0
2002-12-31,0.04568,0.04568,0,0
2003-01-31,0.04029,0.04029,0,0
2003-02-28,0.03180,0.03180,0,0
2003-03-31,0.04745,0.04745,0,0
2003-04-30,0.05634,0.05634,0,0
2003-05-30,0.04930,0.04930,0,0
2003-06-30,0.03535,0.03535,0,0
2003-07-31,0.03489,0.03489,0,0
2003-08-29,0.03469,0.03469,0,0
2003-09-30,0.03387,0.03387,0,0
2003-10-31,0.03355,0.03355,0,0
2003-11-28,0.03355,0.03355,0,0
2003-12-31,0.03389,0.03389,0,0
2004-01-30,0.03263,0.03263,0,0
2004-02-27,0.03245,0.03245,0,0
2004-03-31,0.03427,0.03427,0,0
2004-04-30,0.03366,0.03366,0,0
2004-05-28,0.03173,0.03173,0,0
2004-06-30,0.03033,0.03033,0,0
2004-07-30,0.03171,0.03171,0,0
2004-08-31,0.03118,0.03118,0,0
2004-09-30,0.02738,0.02738,0,0
2004-10-29,0.02760,0.02760,0,0
2004-11-30,0.02962,0.02962,0,0
2004-12-31,0.03741,0.03741,0,0
2005-01-31,0.02942,0.02942,0,0
2005-02-28,0.02871,0.02871,0,0
2005-03-31,0.03065,0.03065,0,0
2005-04-29,0.03037,0.03037,0,0
2005-05-31,0.03146,0.03146,0,0
2005-06-30,0.03094,0.03094,0,0
2005-07-29,0.03210,0.03210,0,0
2005-08-31,0.03212,0.03212,0,0
2005-09-30,0.03182,0.03182,0,0
2005-10-31,0.03226,0.03226,0,0
2005-11-30,0.03262,0.03262,0,0
2005-12-30,0.03375,0.03375,0,0
2006-01-31,0.02975,0.02975,0,0
2006-02-28,0.02913,0.02913,0,0
2006-03-31,0.03595,0.03595,0,0
2006-04-28,0.03309,0.03309,0,0
2006-05-31,0.03574,0.03574,0,0
2006-06-30,0.03772,0.03772,0,0
2006-07-31,0.03686,0.03686,0,0
2006-08-31,0.03563,0.03563,0,0
2006-09-29,0.03565,0.03565,0,0
2006-10-31,0.03560,0.03560,0,0
2006-11-30,0.03118,0.03118,0,0
2006-12-29,0.03864,0.03864,0,0
2007-01-31,0.03466,0.03466,0,0
2007-02-28,0.03405,0.03405,0,0
2007-03-30,0.03873,0.03873,0,0
2007-04-30,0.03625,0.03625,0,0
2007-05-31,0.03875,0.03875,0,0
2007-06-29,0.03868,0.03868,0,0
2007-07-31,0.04009,0.04009,0,0
2007-08-31,0.04014,0.04014,0,0
2007-09-28,0.04234,0.04234,0,0
2007-10-31,0.04101,0.04101,0,0
2007-11-30,0.04071,0.04071,0,0
2007-12-31,0.04074,0.04074,0,0
2008-01-31,0.04002,0.04002,0,0
2008-02-29,0.03996,0.03996,0,0
2008-03-31,0.03810,0.03810,0,0
2008-04-30,0.03876,0.03876,0,0
2008-05-30,0.03990,0.03990,0,0
2008-06-30,0.04164,0.04164,0,0
2008-07-31,0.04101,0.04101,0,0
2008-08-29,0.04293,0.04293,0,0
2008-09-30,0.04213,0.04213,0,0
2008-10-31,0.03127,0.03127,0,0
2008-11-28,0.03773,0.03773,0,0
2008-12-31,0.01988,0.01988,0,0
2009-01-30,0.02031,0.02031,0,0
2009-02-27,0.03653,0.03653,0,0
2009-03-31,0.04361,0.04361,0,0
2009-04-30,0.04600,0.04600,0,0
2009-05-29,0.04502,0.04502,0,0
2009-06-30,0.04546,0.04546,0,0
2009-07-31,0.04601,0.04601,0,0
2009-08-31,0.04999,0.04999,0,0
2009-09-30,0.04042,0.04042,0,0
2009-10-30,0.04017,0.04017,0,0
2009-11-30,0.10146,0.03958,0.00000,0.06188
2009-12-31,0.05263,0.05263,0,0
2010-01-29,0.03777,0.03777,0,0
2010-02-26,0.03770,0.03770,0,0
2010-03-31,0.03896,0.03896,0,0
2010-04-30,0.03485,0.03485,0,0
2010-05-28,0.03702,0.03702,0,0
2010-06-30,0.03509,0.03509,0,0
2010-07-30,0.03310,0.03310,0,0
2010-08-31,0.03286,0.03286,0,0
2010-09-30,0.03736,0.03736,0,0
2010-10-29,0.03733,0.03733,0,0
2010-11-30,0.03789,0.03789,0,0
2010-12-31,0.05247,0.05247,0,0
2011-01-31,0.03518,0.03518,0,0
2011-02-28,0.03670,0.03670,0,0
2011-03-31,0.03631,0.03631,0,0
2011-04-29,0.03728,0.03728,0,0
2011-05-31,0.04050,0.04050,0,0
2011-06-30,0.03718,0.03718,0,0
2011-07-29,0.03493,0.03493,0,0
2011-08-31,0.03175,0.03175,0,0
2011-09-30,0.03011,0.03011,0,0
2011-10-31,0.03109,0.03109,0,0
2011-11-30,0.03922,0.03922,0,0
2011-12-30,0.04146,0.04146,0,0
2012-01-31,0.03174,0.03174,0,0
2012-02-29,0.02940,0.02940,0,0
2012-03-30,0.03152,0.03152,0,0
2012-04-30,0.03361,0.03361,0,0
2012-05-31,0.03397,0.03397,0,0
2012-06-29,0.03015,0.03015,0,0
2012-07-31,0.02945,0.02945,0,0
2012-08-31,0.03419,0.03419,0,0
2012-09-28,0.03451,0.03451,0,0
2012-10-31,0.03925,0.03925,0,0
2012-11-30,0.03828,0.03828,0,0
2012-12-31,0.03566,0.03566,0,0
2013-01-31,0.03322,0.03322,0,0
2013-02-28,0.02955,0.02955,0,0
2013-03-28,0.03245,0.03245,0,0
2013-04-30,0.03098,0.03098,0,0
2013-05-31,0.03058,0.03058,0,0
2013-06-28,0.02793,0.02793,0,0
2013-07-31,0.02702,0.02702,0,0
2013-08-30,0.01952,0.01952,0,0
2013-09-30,0.01237,0.01237,0,0
2013-10-31,0.01795,0.01795,0,0
2013-11-29,0.01815,0.01815,0,0
2013-12-31,0.01973,0.01973,0,0
2014-01-31,0.02247,0.02247,0,0
2014-02-28,0.02994,0.02994,0,0
2014-03-31,0.03605,0.03605,0,0
2014-04-30,0.02730,0.02730,0,0
2014-05-30,0.02906,0.02906,0,0
2014-06-30,0.02739,0.02739,0,0
2014-07-31,0.02778,0.02778,0,0
2014-08-29,0.02387,0.02387,0,0
2014-09-30,0.02433,0.02433,0,0
2014-10-31,0.02858,0.02858,0,0
2014-11-28,0.02990,0.02990,0,0
2014-12-31,0.02117,0.02117,0,0
2015-01-30,0.01468,0.01468,0,0
2015-02-27,0.01361,0.01361,0,0
2015-03-31,0.01624,0.01624,0,0
2015-04-30,0.02295,0.02295,0,0
2015-05-29,0.02678,0.02678,0,0
2015-06-30,0.02345,0.02345,0,0
2015-07-31,0.02352,0.02352,0,0
2015-08-31,0.02249,0.02249,0,0
2015-09-30,0.02036,0.02036,0,0
2015-10-30,0.01522,0.01522,0,0
2015-11-30,0.01363,0.01363,0,0
2015-12-31,0.02414,0.02414,0,0
2016-01-29,0.01955,0.01955,0,0
2016-02-29,0.01542,0.01542,0,0
2016-03-31,0.02254,0.02254,0,0
2016-04-29,0.02170,0.02170,0,0
2016-05-31,0.02403,0.02403,0,0
2016-06-30,0.02554,0.02554,0,0
2016-07-29,0.02401,0.02401,0,0
2016-08-31,0.02296,0.02296,0,0
2016-09-30,0.01097,0.01097,0,0
2016-10-31,0.01617,0.01617,0,0
2016-11-30,0.01889,0.01889,0,0
2016-12-30,0.02218,0.02218,0,0
2017-01-31,0.01569,0.01569,0,0
2017-02-28,0.01763,0.01763,0,0
2017-03-31,0.02341,0.02341,0,0
2017-04-28,0.02070,0.02070,0,0
2017-05-31,0.01836,0.01836,0,0
2017-06-30,0.02052,0.02052,0,0
2017-07-31,0.01861,0.01861,0,0
2017-08-31,0.01783,0.01783,0,0
2017-09-29,0.01536,0.01536,0,0
2017-10-31,0.02147,0.02147,0,0
2017-11-30,0.02462,0.02462,0,0
2017-12-29,0.01688,0.01688,0,0
2018-01-31,0.01797,0.01797,0,0
2018-02-28,0.01696,0.01696,0,0
2018-03-29,0.02472,0.02472,0,0
2018-04-30,0.02437,0.02437,0,0
2018-05-31,0.02172,0.02172,0,0
2018-06-29,0.02456,0.02456,0,0
2018-07-31,0.02526,0.02526,0,0
2018-08-31,0.02155,0.02155,0,0
2018-09-28,0.01910,0.01910,0,0
2018-10-31,0.01991,0.01991,0,0
2018-11-30,0.02136,0.02136,0,0
2018-12-31,0.02251,0.02251,0,0
2019-01-31,0.01582,0.01582,0,0
2019-02-28,0.01603,0.01603,0,0
2019-03-29,0.02321,0.02321,0,0
2019-04-30,0.02464,0.02464,0,0
2019-05-31,0.02505,0.02505,0,0
2019-06-28,0.02494,0.02494,0,0
2019-07-31,0.02369,0.02369,0,0
2019-08-31,0.02240,0.02240,0,0
2019-09-30,0.02360,0.02360,0,0
2019-10-31,0.02345,0.02345,0,0
2019-11-30,0.02207,0.02207,0,0
2019-12-31,0.02242,0.02242,0,0
2020-01-31,0.02061,0.02061,0,0
2020-02-29,0.02060,0.02060,0,0
2020-03-31,0.02217,0.02217,0,0
2020-04-30,0.02166,0.02166,0,0
2020-05-31,0.01745,0.01745,0,0
2020-06-30,0.01520,0.01520,0,0
2020-07-31,0.01684,0.01684,0,0
2020-08-31,0.01854,0.01854,0,0
2020-09-30,0.01796,0.01796,0,0
2020-10-30,0.01653,0.01653,0,0
2020-11-30,0.01573,0.01573,0,0
2020-12-31,0.01492,0.01492,0,0
2021-01-29,0.01370,0.01370,0,0
2021-02-26,0.01502,0.01502,0,0
2021-03-31,0.01491,0.01491,0,0
2021-04-30,0.01604,0.01604,0,0
2021-05-28,0.01714,0.01714,0,0
2021-06-30,0.01784,0.01784,0,0
2021-07-30,0.01725,0.01725,0,0
2021-08-31,0.01734,0.01734,0,0
2021-09-30,0.01533,0.01533,0,0
2021-10-29,0.01388,0.01388,0,0
2021-11-30,0.01462,0.01462,0,0
2021-12-31,0.01758,0.01758,0,0
2022-01-31,0.01558,0.01558,0,0
2022-02-28,0.01488,0.01488,0,0
2022-03-31,0.01875,0.01875,0,0
2022-04-29,0.01939,0.01939,0,0
2022-05-31,0.02390,0.02390,0,0
2022-06-30,0.01803,0.01803,0,0
2022-07-29,0.02373,0.02373,0,0
2022-08-31,0.02926,0.02926,0,0
2022-09-30,0.01516,0.01516,0,0
2022-10-31,0.01591,0.01591,0,0
2022-11-30,0.02106,0.02106,0,0
2022-12-30,0.02425,0.02425,0,0
2023-01-31,0.01639,0.01639,0,0
2023-02-28,0.01408,0.01408,0,0
2023-03-31,0.03150,0.03150,0,0
2023-04-28,0.02942,0.02942,0,0
2023-05-31,0.02584,0.02584,0,0

Distributions

(As of 31 May 2023)

Ex-Date

Total ($)

Income ($)

ST Cap Gains ($)

LT Cap Gains ($)

—

31 Jul 1996

0.06041

—

30 Aug 1996

0.06806

—

30 Sep 1996

0.06754

—

31 Oct 1996

0.06769

—

29 Nov 1996

0.06666

—

31 Dec 1996

0.06705

—

31 Jan 1997

0.06711

—

28 Feb 1997

0.06411

—

31 Mar 1997

0.06682

—

30 Apr 1997

0.06577

—

30 May 1997

0.06633

—

30 Jun 1997

0.06534

—

31 Jul 1997

0.06542

—

29 Aug 1997

0.06516

—

30 Sep 1997

0.06424

—

31 Oct 1997

0.06346

—

28 Nov 1997

0.06240

—

31 Dec 1997

0.06306

—

30 Jan 1998

0.06303

—

27 Feb 1998

0.06020

—

31 Mar 1998

0.06248

—

30 Apr 1998

0.06136

—

29 May 1998

0.06177

—

30 Jun 1998

0.06057

—

31 Jul 1998

0.06092

—

31 Aug 1998

0.06033

—

30 Sep 1998

0.05986

—

30 Oct 1998

0.05939

—

30 Nov 1998

0.05868

—

31 Dec 1998

0.05866

—

29 Jan 1999

0.05835

—

26 Feb 1999

0.05666

—

31 Mar 1999

0.05823

—

30 Apr 1999

0.05783

—

28 May 1999

0.05802

—

30 Jun 1999

0.05794

—

30 Jul 1999

0.05827

—

31 Aug 1999

0.05851

—

30 Sep 1999

0.05832

—

29 Oct 1999

0.05876

—

30 Nov 1999

0.05833

—

31 Dec 1999

0.05950

—

31 Jan 2000

0.05976

—

29 Feb 2000

0.05988

—

31 Mar 2000

0.06084

—

28 Apr 2000

0.05997

—

31 May 2000

0.06051

—

30 Jun 2000

0.06062

—

31 Jul 2000

0.06115

—

31 Aug 2000

0.06175

—

29 Sep 2000

0.06103

—

31 Oct 2000

0.06103

—

30 Nov 2000

0.06117

—

29 Dec 2000

0.06207

—

31 Jan 2001

0.06149

—

28 Feb 2001

0.06082

—

30 Mar 2001

0.05986

—

30 Apr 2001

0.05896

—

31 May 2001

0.06023

—

29 Jun 2001

0.05922

—

31 Jul 2001

0.05873

—

31 Aug 2001

0.05878

—

28 Sep 2001

0.05362

—

31 Oct 2001

0.05479

—

30 Nov 2001

0.05916

—

31 Dec 2001

0.04794

—

31 Jan 2002

0.04988

—

28 Feb 2002

0.04381

—

28 Mar 2002

0.05389

—

30 Apr 2002

0.05579

—

31 May 2002

0.05838

—

28 Jun 2002

0.05781

—

31 Jul 2002

0.04777

—

30 Aug 2002

0.04661

—

30 Sep 2002

0.04620

—

31 Oct 2002

0.05094

—

29 Nov 2002

0.04536

—

31 Dec 2002

0.04568

—

31 Jan 2003

0.04029

—

28 Feb 2003

0.03180

—

31 Mar 2003

0.04745

—

30 Apr 2003

0.05634

—

30 May 2003

0.04930

—

30 Jun 2003

0.03535

—

31 Jul 2003

0.03489

—

29 Aug 2003

0.03469

—

30 Sep 2003

0.03387

—

31 Oct 2003

0.03355

—

28 Nov 2003

0.03355

—

31 Dec 2003

0.03389

—

30 Jan 2004

0.03263

—

27 Feb 2004

0.03245

—

31 Mar 2004

0.03427

—

30 Apr 2004

0.03366

—

28 May 2004

0.03173

—

30 Jun 2004

0.03033

—

30 Jul 2004

0.03171

—

31 Aug 2004

0.03118

—

30 Sep 2004

0.02738

—

29 Oct 2004

0.02760

—

30 Nov 2004

0.02962

—

31 Dec 2004

0.03741

—

31 Jan 2005

0.02942

—

28 Feb 2005

0.02871

—

31 Mar 2005

0.03065

—

29 Apr 2005

0.03037

—

31 May 2005

0.03146

—

30 Jun 2005

0.03094

—

29 Jul 2005

0.03210

—

31 Aug 2005

0.03212

—

30 Sep 2005

0.03182

—

31 Oct 2005

0.03226

—

30 Nov 2005

0.03262

—

30 Dec 2005

0.03375

—

31 Jan 2006

0.02975

—

28 Feb 2006

0.02913

—

31 Mar 2006

0.03595

—

28 Apr 2006

0.03309

—

31 May 2006

0.03574

—

30 Jun 2006

0.03772

—

31 Jul 2006

0.03686

—

31 Aug 2006

0.03563

—

29 Sep 2006

0.03565

—

31 Oct 2006

0.03560

—

30 Nov 2006

0.03118

—

29 Dec 2006

0.03864

—

31 Jan 2007

0.03466

—

28 Feb 2007

0.03405

—

30 Mar 2007

0.03873

—

30 Apr 2007

0.03625

—

31 May 2007

0.03875

—

29 Jun 2007

0.03868

—

31 Jul 2007

0.04009

—

31 Aug 2007

0.04014

—

28 Sep 2007

0.04234

—

31 Oct 2007

0.04101

—

30 Nov 2007

0.04071

—

31 Dec 2007

0.04074

—

31 Jan 2008

0.04002

—

29 Feb 2008

0.03996

—

31 Mar 2008

0.03810

—

30 Apr 2008

0.03876

—

30 May 2008

0.03990

—

30 Jun 2008

0.04164

—

31 Jul 2008

0.04101

—

29 Aug 2008

0.04293

—

30 Sep 2008

0.04213

—

31 Oct 2008

0.03127

—

28 Nov 2008

0.03773

—

31 Dec 2008

0.01988

—

30 Jan 2009

0.02031

—

27 Feb 2009

0.03653

—

31 Mar 2009

0.04361

—

30 Apr 2009

0.04600

—

29 May 2009

0.04502

—

30 Jun 2009

0.04546

—

31 Jul 2009

0.04601

—

31 Aug 2009

0.04999

—

30 Sep 2009

0.04042

—

30 Oct 2009

0.04017

—

30 Nov 2009

0.10146

0.03958

0.00000

0.06188

31 Dec 2009

0.05263

—

29 Jan 2010

0.03777

—

26 Feb 2010

0.03770

—

31 Mar 2010

0.03896

—

30 Apr 2010

0.03485

—

28 May 2010

0.03702

—

30 Jun 2010

0.03509

—

30 Jul 2010

0.03310

—

31 Aug 2010

0.03286

—

30 Sep 2010

0.03736

—

29 Oct 2010

0.03733

—

30 Nov 2010

0.03789

—

31 Dec 2010

0.05247

—

31 Jan 2011

0.03518

—

28 Feb 2011

0.03670

—

31 Mar 2011

0.03631

—

29 Apr 2011

0.03728

—

31 May 2011

0.04050

—

30 Jun 2011

0.03718

—

29 Jul 2011

0.03493

—

31 Aug 2011

0.03175

—

30 Sep 2011

0.03011

—

31 Oct 2011

0.03109

—

30 Nov 2011

0.03922

—

30 Dec 2011

0.04146

—

31 Jan 2012

0.03174

—

29 Feb 2012

0.02940

—

30 Mar 2012

0.03152

—

30 Apr 2012

0.03361

—

31 May 2012

0.03397

—

29 Jun 2012

0.03015

—

31 Jul 2012

0.02945

—

31 Aug 2012

0.03419

—

28 Sep 2012

0.03451

—

31 Oct 2012

0.03925

—

30 Nov 2012

0.03828

—

31 Dec 2012

0.03566

—

31 Jan 2013

0.03322

—

28 Feb 2013

0.02955

—

28 Mar 2013

0.03245

—

30 Apr 2013

0.03098

—

31 May 2013

0.03058

—

28 Jun 2013

0.02793

—

31 Jul 2013

0.02702

—

30 Aug 2013

0.01952

—

30 Sep 2013

0.01237

—

31 Oct 2013

0.01795

—

29 Nov 2013

0.01815

—

31 Dec 2013

0.01973

—

31 Jan 2014

0.02247

—

28 Feb 2014

0.02994

—

31 Mar 2014

0.03605

—

30 Apr 2014

0.02730

—

30 May 2014

0.02906

—

30 Jun 2014

0.02739

—

31 Jul 2014

0.02778

—

29 Aug 2014

0.02387

—

30 Sep 2014

0.02433

—

31 Oct 2014

0.02858

—

28 Nov 2014

0.02990

—

31 Dec 2014

0.02117

—

30 Jan 2015

0.01468

—

27 Feb 2015

0.01361

—

31 Mar 2015

0.01624

—

30 Apr 2015

0.02295

—

29 May 2015

0.02678

—

30 Jun 2015

0.02345

—

31 Jul 2015

0.02352

—

31 Aug 2015

0.02249

—

30 Sep 2015

0.02036

—

30 Oct 2015

0.01522

—

30 Nov 2015

0.01363

—

31 Dec 2015

0.02414

—

29 Jan 2016

0.01955

—

29 Feb 2016

0.01542

—

31 Mar 2016

0.02254

—

29 Apr 2016

0.02170

—

31 May 2016

0.02403

—

30 Jun 2016

0.02554

—

29 Jul 2016

0.02401

—

31 Aug 2016

0.02296

—

30 Sep 2016

0.01097

—

31 Oct 2016

0.01617

—

30 Nov 2016

0.01889

—

30 Dec 2016

0.02218

—

31 Jan 2017

0.01569

—

28 Feb 2017

0.01763

—

31 Mar 2017

0.02341

—

28 Apr 2017

0.02070

—

31 May 2017

0.01836

—

30 Jun 2017

0.02052

—

31 Jul 2017

0.01861

—

31 Aug 2017

0.01783

—

29 Sep 2017

0.01536

—

31 Oct 2017

0.02147

—

30 Nov 2017

0.02462

—

29 Dec 2017

0.01688

—

31 Jan 2018

0.01797

—

28 Feb 2018

0.01696

—

29 Mar 2018

0.02472

—

30 Apr 2018

0.02437

—

31 May 2018

0.02172

—

29 Jun 2018

0.02456

—

31 Jul 2018

0.02526

—

31 Aug 2018

0.02155

—

28 Sep 2018

0.01910

—

31 Oct 2018

0.01991

—

30 Nov 2018

0.02136

—

31 Dec 2018

0.02251

—

31 Jan 2019

0.01582

—

28 Feb 2019

0.01603

—

29 Mar 2019

0.02321

—

30 Apr 2019

0.02464

—

31 May 2019

0.02505

—

28 Jun 2019

0.02494

—

31 Jul 2019

0.02369

—

31 Aug 2019

0.02240

—

30 Sep 2019

0.02360

—

31 Oct 2019

0.02345

—

30 Nov 2019

0.02207

—

31 Dec 2019

0.02242

—

31 Jan 2020

0.02061

—

29 Feb 2020

0.02060

—

31 Mar 2020

0.02217

—

30 Apr 2020

0.02166

—

31 May 2020

0.01745

—

30 Jun 2020

0.01520

—

31 Jul 2020

0.01684

—

31 Aug 2020

0.01854

—

30 Sep 2020

0.01796

—

30 Oct 2020

0.01653

—

30 Nov 2020

0.01573

—

31 Dec 2020

0.01492

—

29 Jan 2021

0.01370

—

26 Feb 2021

0.01502

—

31 Mar 2021

0.01491

—

30 Apr 2021

0.01604

—

28 May 2021

0.01714

—

30 Jun 2021

0.01784

—

30 Jul 2021

0.01725

—

31 Aug 2021

0.01734

—

30 Sep 2021

0.01533

—

29 Oct 2021

0.01388

—

30 Nov 2021

0.01462

—

31 Dec 2021

0.01758

—

31 Jan 2022

0.01558

—

28 Feb 2022

0.01488

—

31 Mar 2022

0.01875

—

29 Apr 2022

0.01939

—

31 May 2022

0.02390

—

30 Jun 2022

0.01803

—

29 Jul 2022

0.02373

—

31 Aug 2022

0.02926

—

30 Sep 2022

0.01516

—

31 Oct 2022

0.01591

—

30 Nov 2022

0.02106

—

30 Dec 2022

0.02425

—

31 Jan 2023

0.01639

—

28 Feb 2023

0.01408

—

31 Mar 2023

0.03150

—

28 Apr 2023

0.02942

—

31 May 2023

0.02584

—

Fund Facts

(As of 30 Apr 2023)

Net Fund Assets

$205.6 M

Benchmark

BBG US Govt Int TR Value

Morningstar Category

Short Government

Fund Symbol

LTUIX

Share Class

Share Class Inception Date

5 Jul 1996

Number of Holdings

180

Portfolio Turnover

29%

Distribution Frequency

Monthly

30-Day SEC Yield (Subsidized)

2.07%

30-Day SEC Yield (Unsubsidized)

2.07%

Annualized Distribution Yield

1.56%

Characteristics

Portfolio

(As of 30 Apr 2023)

Portfolio

Benchmark

Effective Duration

3.4 Yrs

3.7 Yrs

Average Effective Maturity

4.4 Yrs

4.0 Yrs

Portfolio

Benchmark

Weighted Average Coupon

2.2%

2.1%

Yield to Worst

4.3%

3.8%

Risk & Return Profile

(As of 31 Mar 2023)

10y

Beta

0.93

0.84

0.79

R-Squared (%)

89.20

85.18

84.13

Standard Deviation (%)

3.53

2.98

2.39

Sharpe Ratio

-0.82

-0.36

-0.16

Information Ratio

0.41

-0.55

-0.35

Up Capture (%)

90.47

79.76

75.23

Down Capture (%)

88.64

81.96

75.64

Past performance does not guarantee future results.

Portfolio

Top Holdings

(As of 28 Feb 2023)

Name

Ticker/Symbol

Sector

Weight %

United States Treasury Inflation Indexed Bonds

912828ZZ6

Government

4.9

United States Treasury Note/Bond

91282CBA8

Government

2.8

United States Treasury Inflation Indexed Bonds

9128287D6

Government

2.7

Freddie Mac Multifamily Structured Pass Through Certificates

3137B5KW2

Mortgage Securities

2.6

United States Treasury Bill

—

Government

2.5

United States Treasury Note/Bond

—

Government

2.3

Fannie Mae Pool

—

Mortgage Securities

2.3

United States Treasury Inflation Indexed Bonds

—

Government

2.0

FARM 21-1 Mortgage Trust

30768WAA6

Mortgage Securities

1.8

Freddie Mac Multifamily Structured Pass Through Certificates

3137FCM43

Mortgage Securities

1.7

Download Holdings

Past performance does not guarantee future results.

Portfolio holdings are subject to change daily.

Exposure Breakdown

(As of 30 Apr 2023)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Mortgage Passthrough

32.8

—

Treasury-Domestic

22.5

96.8

Collateralized Mortgage Obligation

19.4

—

Commercial Mortgage Backed Security

9.0

—

Cash & Cash Equivalents

7.6

—

Agency Debenture

5.0

3.2

Asset Backed Securities

3.3

—

Corporate

0.5

—

Sector Allocation

Fund (%)

Mortgage Passthrough

32.8

Treasury-Domestic

22.5

Collateralized Mortgage Obligation

19.4

Commercial Mortgage Backed Security

9.0

Cash & Cash Equivalents

7.6

Agency Debenture

5.0

Asset Backed Securities

3.3

Corporate

0.5

Credit Quality

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

U.S. Government

91.4

100.0

Cash & Cash Equivalents

8.6

—

Credit Quality

Fund (%)

U.S. Government

91.4

Cash & Cash Equivalents

8.6

Maturity

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

25%

30%

Year 1

10.3

1.8

Year 2

10.7

23.5

Year 3

9.3

18.2

Year 4

15.9

12.6

Year 5

11.4

14.2

Year 6

1.4

10.0

Year 7

2.6

6.8

Year 8

8.4

4.3

Year 9

6.0

4.4

Year 10+

15.3

—

Cash

8.6

—

Maturity

Fund (%)

Year 1

10.3

Year 2

10.7

Year 3

9.3

Year 4

15.9

Year 5

11.4

Year 6

1.4

Year 7

2.6

Year 8

8.4

Year 9

6.0

Year 10+

15.3

Cash

8.6

Holdings are classified by country of risk as determined by MSCI and Bloomberg.

Data based on representative account.

The percentages may not add up to 100 due to rounding.

Portfolio Managers

Lon Erickson, CFA

Portfolio Manager and Managing Director

Lon Erickson is portfolio manager for Thornburg Investment Management. He joined Thornburg in 2008 and was made portfolio manager in 2010. Lon earned a BA in business administration with a minor in economics from Illinois Wesleyan University and an MBA from the University of Chicago Booth School of Business. He is a CFA charterholder. Prior to joining Thornburg Investment Management,…

Learn More

Jeff Klingelhofer, CFA

Co-Head of Investments and Managing Director

Jeff Klingelhofer is co-head of investments for Thornburg Investment Management. He is responsible for driving the investment process at the firm level. Jeff is also a portfolio manager on multiple strategies. He joined the firm in 2010, then was promoted to associate portfolio manager in 2012. In 2015, Jeff was made portfolio manager and managing director. Jeff earned a BA…

Learn More

Jason Brady, CFA

President and CEO

Jason Brady is president and CEO of Thornburg Investment Management. He is responsible for the company’s overall strategy and direction. He is also portfolio manager on multiple strategies. He joined the firm in 2006, was made portfolio manager and managing director in 2007, and president and CEO in 2016. His book Income Investing: An Intelligent Approach to Profiting from Bonds,…

Learn More

Literature

Fact Sheet

Commentary

Summary Prospectus

Annual Report

Semi-annual report

Prospectus

Statement of Additional Information (SAI)

Important Information

This communication is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

Investments carry risks, including possible loss of principal. Portfolios investing in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds. The value of bonds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. Unlike bonds, bond funds have ongoing fees and expenses. Investments in mortgage-backed securities (MBS) may bear additional risk. Investments in the Fund are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.

A bond credit rating assesses the financial ability of a debt issuer to make timely payments of principal and interest. Ratings of AAA (the highest), AA, A, and BBB are investment-grade quality. Ratings of BB, B, CCC, CC, C and D (the lowest) are considered below investment grade, speculative grade, or junk bonds.

The laddering strategy does not assure or guarantee better performance than a non-laddered portfolio and cannot eliminate the risk of investment losses.

Class R shares are limited to retirement platforms only.

Class I shares may not be available to all investors. Minimum investments for the I share class may be higher than those for other classes.

There is no guarantee that the Fund will meet its investment objectives.

To determine a fund's Morningstar Rating™, funds and other managed products with at least a three-year history are ranked in their categories by their Morningstar Risk-Adjusted Return scores. The top 10% receive 5 stars; the next 22.5%, 4 stars; the middle 35%, 3 stars; the next 22.5%, 2 stars; and the bottom 10% receive 1 star. The Risk-Adjusted Return accounts for variation in a managed product's monthly excess performance (excluding sales charges), placing more emphasis on downward variations and rewarding consistent performance. Other share classes may have different performance characteristics.

© 2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Please see our glossary for a definition of terms.

Thornburg mutual funds are distributed by Thornburg Securities Corporation.

Thornburg Investment Management, Inc. mutual funds are sold through investment professionals including investment advisors, brokerage firms, bank trust departments, trust companies and certain other financial intermediaries. Thornburg Securities Corporation (TSC) does not act as broker of record for investors.

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Thornburg Limited Term U.S. Government Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Lon Erickson, CFA

Jeff Klingelhofer, CFA

Jason Brady, CFA

Literature

Important Information

More Insights

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Public vs. Private Credit: How We Assess Both Opportunities

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Emerging Markets Confront Political Hurdles in the Near Term

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‘Pick-your-poison’: Wall Street sell-off resumes

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Thornburg Limited Term U.S. Government Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Lon Erickson, CFA

Jeff Klingelhofer, CFA

Jason Brady, CFA

Literature

Important Information

More Insights

The Fed’s Third Mandate: A Tool to Determine When Policy Pivots?

Public vs. Private Credit: How We Assess Both Opportunities

Beneficiaries of Europe’s REPower Plan

Emerging Markets Confront Political Hurdles in the Near Term

Blockchain on the Brink of an Investment Revolution

‘Pick-your-poison’: Wall Street sell-off resumes