TLMAX Holdings — Thornburg Short Duration Municipal Fund
Data updated: 2026-08-24
TLMAX holds 108 securities. The top 10 make up 21.3% of net assets, led by Kentucky St Public Energy Auth Gas Sply Revenue (2.56%) and Tennergy Corp. Tn Gas Revenue (2.38%). Municipal Bonds (100.0%) and Funds & ETFs (0.0%) are the largest sectors, and 100.0% of the portfolio is in United States. Debt holdings: 106 positions, 98.5% of assets.
Holdings cover 99.96% of net asset value (98.49% of total assets; remainder is cash and receivables). As of June 30, 2026 · N-PORT.
TLMAX Portfolio Holdings
108 holdings of Thornburg Short Duration Municipal Fund by percentage of net assets, from the fund's SEC N-PORT filing as of June 30, 2026. The 100 largest are listed below; the interactive table on this page lists all 108.
| Holding | Ticker | Sector | % of net assets | Value (USD) |
|---|---|---|---|---|
| Kentucky St Public Energy Auth Gas Sply Revenue | — | Municipal Bonds | 2.56% | $2.32M |
| Tennergy Corp. Tn Gas Revenue | — | Municipal Bonds | 2.38% | $2.15M |
| Los Angeles Ca Dept of Arpts Arpt Revenue | — | Municipal Bonds | 2.37% | $2.15M |
| Travis Cnty Tx Hsg Fin Corp. Mf Hsg Revenue | — | Municipal Bonds | 2.34% | $2.12M |
| Black Belt Energy Gas Dist Al Gas Project Revenue | — | Municipal Bonds | 2.31% | $2.10M |
| Harris Cnty Tx Cultural Edu Facs Fin Corp. Revenue | — | Municipal Bonds | 2.25% | $2.04M |
| Montgomery Cnty Oh Hosp Revenue | — | Municipal Bonds | 1.99% | $1.80M |
| Halifax Cnty Va Indl Dev Auth Revenue | — | Municipal Bonds | 1.81% | $1.64M |
| Arizona St Indl Dev Auth Mf Hsg Revenue | — | Municipal Bonds | 1.67% | $1.51M |
| Pennsylvania St Econ Dev Fing Auth Solid Waste Disposal Rev | — | Municipal Bonds | 1.66% | $1.50M |
| Met Govt Nashville & Davidson Cnty Tn Hlth & Eductnl Fac Brd | — | Municipal Bonds | 1.65% | $1.50M |
| Chicago Il O'hare International Arpt Revenue | — | Municipal Bonds | 1.54% | $1.40M |
| Main Street Natural Gas, Inc. Ga Gas Supply Revenue | — | Municipal Bonds | 1.46% | $1.33M |
| Bartow Cnty Ga Dev Auth | — | Municipal Bonds | 1.46% | $1.32M |
| Montgomery Cnty Pa Indl Dev Auth Exempt Facs Revenue | — | Municipal Bonds | 1.45% | $1.31M |
| California Cmnty Choice Fing Auth Clean Energy Proj Revenue | — | Municipal Bonds | 1.44% | $1.30M |
| Chicago Il Mf Hsg Revenue | — | Municipal Bonds | 1.40% | $1.27M |
| Rockport in Poll Control Revenue | — | Municipal Bonds | 1.35% | $1.22M |
| Main Street Natural Gas, Inc. Ga Gas Supply Revenue | — | Municipal Bonds | 1.33% | $1.21M |
| New York City Ny Hsg Dev Corp. Mf Hsg Rev | — | Municipal Bonds | 1.33% | $1.20M |
| New York St Hsg Fin Agy Revenue | — | Municipal Bonds | 1.21% | $1.10M |
| Austin Tx Arpt Sys Revenue | — | Municipal Bonds | 1.20% | $1.09M |
| Shelby Cnty Tn Hlth Eductnl &hsg Facs Brd Revenue | — | Municipal Bonds | 1.19% | $1.08M |
| Texas St Muni Gas Acquisition& Sply Corp. Iii Gas Sply Reven | — | Municipal Bonds | 1.16% | $1.05M |
| California Cmnty Choice Fing Auth Clean Energy Proj Revenue | — | Municipal Bonds | 1.15% | $1.04M |
| Oklahoma Cnty Ok Fin Auth Eductnl Facs Lease Revenue | — | Municipal Bonds | 1.15% | $1.04M |
| Centrl Plains Energy Proj Ne Gas Proj Revenue | — | Municipal Bonds | 1.15% | $1.04M |
| Whiting in Envrnmntl Facs Revenue | — | Municipal Bonds | 1.14% | $1.04M |
| Farmington Nm Poll Control Revenue | — | Municipal Bonds | 1.13% | $1.02M |
| Forsyth Mt Poll Control Revenue | — | Municipal Bonds | 1.12% | $1.02M |
| Illinois St | — | Municipal Bonds | 1.12% | $1.01M |
| California Cmnty Choice Fing Auth Clean Energy Proj Revenue | — | Municipal Bonds | 1.12% | $1.01M |
| Pennsylvania St Econ Dev Fing Auth Solid Waste Disposal Rev | — | Municipal Bonds | 1.11% | $1.01M |
| Mobile Al Indl Dev Brd Poll Control Revenue | — | Municipal Bonds | 1.11% | $1.01M |
| Ohio St Air Quality Dev Auth | — | Municipal Bonds | 1.11% | $1.01M |
| Houston Tx Hsg Fin Corp. Mf Hsg Revenue | — | Municipal Bonds | 1.11% | $1.01M |
| Lee Cnty Fl Indl Dev Auth Hlthcr Facs Revenue | — | Municipal Bonds | 1.11% | $1.01M |
| Boone Cnty Ky Poll Control Revenue | — | Municipal Bonds | 1.11% | $1.00M |
| New York St Energy Research & Dev Auth Poll Control Revenue | — | Municipal Bonds | 1.11% | $1.00M |
| Canadian Cnty Ok Eductnl Facs Auth Educ Facs Lease Revenue | — | Municipal Bonds | 1.11% | $1.00M |
| Pefa, Inc. Ia Gas Proj Revenue | — | Municipal Bonds | 1.11% | $1.00M |
| Downtown Redev Auth Tx Tax Increment Contract Revenue | — | Municipal Bonds | 1.11% | $1.00M |
| Washington St Hsg Fin Commission Mf Hsg Revenue | — | Municipal Bonds | 1.10% | $1.00M |
| Texas St Affordable Hsg Corp. Mf Hsg Revenue | — | Municipal Bonds | 1.10% | $1.00M |
| California St Muni Fin Auth Sol Wst Disp Revenue | — | Municipal Bonds | 1.10% | $1.00M |
| New York St Hsg Fin Agy Affordable Hsg Revenue | — | Municipal Bonds | 1.10% | $1.00M |
| Florida St Hsg Fin Corp. Mf Mtge Revenue | — | Municipal Bonds | 1.10% | $999.91K |
| Florida St Hsg Fin Corp. Mf Mtge Revenue | — | Municipal Bonds | 1.10% | $999.90K |
| Louisiana St Offshore Terminal Auth Deepwater Port Revenue | — | Municipal Bonds | 1.10% | $999.62K |
| Northside Tx Indep Sch Dist | — | Municipal Bonds | 1.10% | $997.78K |
| Centrl Plains Energy Proj Ne Gas Sply Revenue | — | Municipal Bonds | 1.08% | $982.06K |
| North East Tx Indep Sch Dist | — | Municipal Bonds | 1.07% | $971.06K |
| Main Street Natural Gas, Inc. Ga Gas Supply Revenue | — | Municipal Bonds | 1.04% | $938.67K |
| New York Ny | — | Municipal Bonds | 1.00% | $910.00K |
| New York City Ny Hsg Dev Corp. Mf Hsg Revenue | — | Municipal Bonds | 1.00% | $909.78K |
| Illinois St Fin Auth Revenue | — | Municipal Bonds | 0.99% | $900.00K |
| Main Street Natural Gas, Inc. Ga Gas Supply Revenue | — | Municipal Bonds | 0.94% | $850.66K |
| West Virginia St Econ Dev Auth Sol Wst Disp Facs | — | Municipal Bonds | 0.93% | $846.43K |
| Main Street Natural Gas, Inc. Ga Gas Supply Revenue | — | Municipal Bonds | 0.92% | $837.58K |
| Fort Bend Tx Indep Sch Dist | — | Municipal Bonds | 0.83% | $748.24K |
| Burke Cnty Ga Dev Auth Poll Control Revenue | — | Municipal Bonds | 0.70% | $630.19K |
| Texas St Muni Gas Acquisition& Sply Corp. Iii Gas Sply Reven | — | Municipal Bonds | 0.69% | $629.83K |
| Venice Fl | — | Municipal Bonds | 0.63% | $575.25K |
| Chandler Az Indl Dev Auth Indl Dev Revenue | — | Municipal Bonds | 0.62% | $565.65K |
| Chicago Il Wtrwks Revenue | — | Municipal Bonds | 0.62% | $564.87K |
| New Mexico St Hosp Equipment Loan Council Hosp Revenue | — | Municipal Bonds | 0.61% | $555.22K |
| Tulare Ca Public Fing Auth | — | Municipal Bonds | 0.61% | $550.72K |
| Black Belt Energy Gas Dist Al Gas Project Revenue | — | Municipal Bonds | 0.61% | $549.74K |
| North Carolina St Med Care Commission Retmnt Facs Revenue | — | Municipal Bonds | 0.59% | $534.84K |
| Reno-Tahoe NV Arpt Auth Arpt Revenue | — | Municipal Bonds | 0.58% | $523.52K |
| Cushing Ok Eductnl Facs Auth Eductnl Facs Lease Revenue | — | Municipal Bonds | 0.57% | $520.29K |
| Illinois St | — | Municipal Bonds | 0.56% | $507.75K |
| Tulare Ca Public Fing Auth | — | Municipal Bonds | 0.56% | $505.67K |
| Sarpy Cnty Ne Sch Dist #37 | — | Municipal Bonds | 0.55% | $502.31K |
| Washington St Hsg Fin Commission Nonprofit Hsg Revenue | — | Municipal Bonds | 0.55% | $501.24K |
| Build Nyc Resource Corp. Ny Revenue | — | Municipal Bonds | 0.55% | $500.93K |
| Kalamazoo Mi Econ Dev Corp. | — | Municipal Bonds | 0.55% | $500.60K |
| Priv Clgs & Univs Auth Ga | — | Municipal Bonds | 0.55% | $497.22K |
| Muskogee Ok Indl Trust Eductnl Facs Lease Revenue | — | Municipal Bonds | 0.53% | $482.59K |
| Chester Cnty Pa Hlth & Edu Facs Auth Revenue | — | Municipal Bonds | 0.52% | $472.68K |
| Met Pier & Exposition Auth Il Revenue | — | Municipal Bonds | 0.50% | $452.06K |
| Virginia St Small Business Fing Auth Revenue | — | Municipal Bonds | 0.45% | $404.47K |
| Miami-Dade Cnty Fl Indl Dev Auth Eductnl Facs Revenue | — | Municipal Bonds | 0.44% | $402.07K |
| Georgetown Tx Utility Sys Revenue | — | Municipal Bonds | 0.44% | $401.10K |
| Chicago Il Wtrwks Revenue | — | Municipal Bonds | 0.43% | $388.35K |
| Hays Tx Consol Indep Sch Dist | — | Municipal Bonds | 0.43% | $386.20K |
| Greene Jersey & Macoupin Cntys Il Cmnty United Sch Dist #9 | — | Municipal Bonds | 0.41% | $371.92K |
| California St Hlth Facs Fing Auth Revenue | — | Municipal Bonds | 0.41% | $370.80K |
| Public Fin Auth Wi Hosp Revenue | — | Municipal Bonds | 0.39% | $356.47K |
| Wisconsin St Hsg & Econ Dev Auth Mf Hsg | — | Municipal Bonds | 0.39% | $352.70K |
| Denver Co. Convention Center Hotel Auth Revenue | — | Municipal Bonds | 0.39% | $352.51K |
| Peshtigo Wi Sch Dist | — | Municipal Bonds | 0.39% | $350.53K |
| Akron Bath Copley Jt Twp Oh Hosp Dist | — | Municipal Bonds | 0.38% | $346.95K |
| Harris Cnty Tx Cultural Edu Facs Fin Corp. Thermal Utility Re | — | Municipal Bonds | 0.37% | $334.39K |
| Tampa Fl Capital Impt Cigarette Tax Allocation | — | Municipal Bonds | 0.33% | $300.84K |
| Public Fin Auth Wi Retmnt Fac Revenue | — | Municipal Bonds | 0.33% | $300.69K |
| Port of Port Arthur Tx Nav Dist | — | Municipal Bonds | 0.32% | $290.00K |
| Illinois St Fin Auth Revenue | — | Municipal Bonds | 0.31% | $278.72K |
| Charlotte Cnty Fl Indl Dev Auth Utility Sys Revenue | — | Municipal Bonds | 0.31% | $278.73K |
| N E Ohio Med Univ Gen Recpts | — | Municipal Bonds | 0.31% | $277.14K |
TLMAX Sector Allocation
Thornburg Short Duration Municipal Fund holdings grouped by sector, by share of the portfolio's market value.
| Sector | Weight | Holdings |
|---|---|---|
| Municipal Bonds | 100.0% | 106 |
| Funds & ETFs | 0.0% | 1 |
| Unknown | 0.0% | 1 |
TLMAX Country Allocation
Where Thornburg Short Duration Municipal Fund's holdings are domiciled, by percentage of net assets (largest 1).
| Country | % of net assets |
|---|---|
| United States | 100.0% |
TLMAX Portfolio Allocation
Asset-class allocation of Thornburg Short Duration Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 100.0% |
TLMAX Debt Constituents
Largest debt holdings of Thornburg Short Duration Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Kentucky Public Energy Authority | 2.56% |
| Tennergy Corp/TN | 2.38% |
| City of Los Angeles Department of Airports | 2.37% |
| Travis County Housing Finance Corp | 2.34% |
| Black Belt Energy Gas District | 2.31% |
| Harris County Cultural Education Facilities Finance Corp | 2.25% |
| County of Montgomery OH | 1.99% |
| Halifax County Industrial Development Authority | 1.81% |
| Arizona Industrial Development Authority | 1.67% |
| Pennsylvania Economic Development Financing Authority | 1.66% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.