# EDGAR Filing Document

**Accession Number:** 0000816153
**File Stem:** 0001410368-26-051187
**Filing Date:** 2026-5
**Character Count:** 51584
**Document Hash:** 18f5e2da4a33615ba2ba117409b746b9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-051187.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001410368-26-051187

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THORNBURG INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000816153

**ORGANIZATION NAME:**
- **EIN:** 061158764
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05201
- **FILM NUMBER:** 261016892

**BUSINESS ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361
- **BUSINESS PHONE:** 5059840200

**MAIL ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** THORNBURG INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LIMITED TERM TRUST
- **DATE OF NAME CHANGE:** 19870816

## Series and Classes Contracts Data

### Thornburg Short Duration Municipal Fund (Series ID: S000043669)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000135383 | Thornburg Short Duration Municipal Fund Class A | TLMAX           |
| C000135384 | Thornburg Short Duration Municipal Fund Class I | TLMIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** THORNBURG INVESTMENT TRUST

- **b. Investment Company Act file number:** 811-05201

- **c. CIK number of Registrant:** 0000816153

- **d. LEI of Registrant:** 5493001XM52H8S4WYY82

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 2300 NORTH RIDGETOP ROAD

  - **City:** SANTA FE

  - **State:** NM

  - **Foreign country:** US

  - **Zip / Postal Code:** 87506-8361

  - **Telephone number:** 505-984-0200

**Item A.2. Information about the Series.**

- **a. Name of Series:** Thornburg Short Duration Municipal Fund

- **b. EDGAR series identifier (if any):** S000043669

- **c. LEI of Series:** 549300420UUQ3HF48O75

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $94389594.54

**Total Liabilities:** $344117.87

**Net Assets:** $94045476.67

**Cash Not Reported:** $7261.35

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -770.53000000 | **1-Year:** -6758.87000000 | **5-Year:** -9109.38000000 | **10-Year:** -1429.64000000 | **30-Year:** -426.60000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -20.76000000 | **1-Year:** -266.06000000 | **5-Year:** -579.48000000 | **10-Year:** -45.10000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000135383 | 0.49%                | 0.59%                | -0.67%               |
| Class ID C000135384 | 0.51%                | 0.60%                | -0.65%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3317.79                 | $325185.87                                 |
| Month 2  | $29741.47                | $296395.47                                 |
| Month 3  | $-999.72                 | $-857752.32                                |

### Schedule of Portfolio Investments

| Name                                                                             | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                        | CUSIP: 009730PJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $186693.30    | 0.20%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                        | CUSIP: 009730PK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $347292.99    | 0.37%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                              | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $806437.62    | 0.86%             | 2046-01-01      | Floating      | 2.67%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                      | CUSIP: 04062PCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514508.00   | 1.61%             | 2058-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398JD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084445.00   | 1.15%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bartow County Development Authority                                              | BARTOW CNTY GA DEV AUTH                                      | CUSIP: 069643BN3<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1321572.20   | 1.41%             | 2032-12-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE               | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    250000 | PA      | $265691.00    | 0.28%             | 2053-12-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TGY7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    515000 | PA      | $545026.56    | 0.58%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Boone KY                                                               | BOONE CNTY KY POLL CONTROL REVENUE                           | CUSIP: 098792AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999083.00    | 1.06%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EXW1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $489159.00    | 0.52%             | 2031-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                  | CUSIP: 121342NR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $628183.38    | 0.67%             | 2040-01-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                  | CUSIP: 121342QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000819.00   | 1.06%             | 2032-10-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009989.00   | 1.07%             | 2053-05-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046422.00   | 1.11%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JGX8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1856671.25   | 1.97%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UVY1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    365000 | PA      | $373112.49    | 0.40%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000505.00   | 1.06%             | 2044-12-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| Canadian County Educational Facilities Authority                                 | CANADIAN CNTY OK EDUCTNL FACS AUTH EDUC FACS LEASE REVENUE   | CUSIP: 135521CM2<br>LEI: 549300HPRFS0Z66VHS30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008294.00   | 1.07%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054594.00   | 1.12%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS SPLY REVENUE                | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1246577.96   | 1.33%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte County Industrial Development Authority/FL                             | CHARLOTTE CNTY FL INDL DEV AUTH UTILITY SYS REVENUE          | CUSIP: 16080TAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $278839.55    | 0.30%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Health and Education Facilities Authority                         | CHESTER CNTY PA HLTH & EDU FACS AUTH REVENUE                 | CUSIP: 165579HG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $472428.84    | 0.50%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL MF HSG REVENUE                                    | CUSIP: 167570TV2<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1270132.08   | 1.35%             | 2027-08-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675937F3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1396910.52   | 1.49%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736E37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $389735.12    | 0.41%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736F77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $567119.28    | 0.60%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cushing Educational Facilities Authority                                         | CUSHING OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENUE      | CUSIP: 231634AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521633.00    | 0.55%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                         | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE               | CUSIP: 249189DJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $354070.50    | 0.38%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Market Square Redevelopment Authority                                | DOWNTOWN REDEV AUTH TX TAX INCREMENT CONTRACT REVENUE        | CUSIP: 26118RAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001631.00   | 1.07%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                            | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450GD6<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018806.00   | 1.08%             | 2040-06-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP MF MTGE REVENUE                      | CUSIP: 34074HHA3<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002462.00   | 1.07%             | 2027-10-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP MF MTGE REVENUE                      | CUSIP: 34074HHS4<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005991.00   | 1.07%             | 2044-12-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| City of Forsyth MT                                                               | FORSYTH MT POLL CONTROL REVENUE                              | CUSIP: 346668DN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015119.00   | 1.08%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                            | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843WS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $765591.75    | 0.81%             | 2055-08-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| City of Georgetown TX Utility System Revenue                                     | GEORGETOWN TX UTILITY SYS REVENUE                            | CUSIP: 373064Q80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $403303.60    | 0.43%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greene Jersey & Macoupin Counties Community Unit School District No 9 Southweste | GREENE JERSEY & MACOUPIN CNTYS IL CMNTY UNITED SCH DIST #9   | CUSIP: 394700CW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $372364.30    | 0.40%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Halifax County Industrial Development Authority                                  | HALIFAX CNTY VA INDL DEV AUTH REVENUE                        | CUSIP: 40579PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1643690.75   | 1.75%             | 2041-12-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009NF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046452.00   | 2.18%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP THERMAL UTILITY RE | CUSIP: 41401PCL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $336020.10    | 0.36%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hays Consolidated Independent School District                                    | HAYS TX CONSOL INDEP SCH DIST                                | CUSIP: 421110W86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $388561.25    | 0.41%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Housing Finance Corp                                                     | HOUSTON TX HSG FIN CORP MF HSG REVENUE                       | CUSIP: 442396EN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008604.00   | 1.07%             | 2048-02-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EEV6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    275000 | PA      | $279919.75    | 0.30%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521524T5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    495000 | PA      | $509242.64    | 0.54%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153DG1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018552.00   | 1.08%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp                                              | KALAMAZOO MI ECON DEV CORP                                   | CUSIP: 483228EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497741.00    | 0.53%             | 2031-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Knox Warren Etc Counties Community College District No 518 Carl Sandburg         | KNOX WARREN ETC CNTYS IL CMNTY CLG DIST #518                 | CUSIP: 499635CU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 1.06%             | 2035-12-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                | CUSIP: 52349EES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002221.00   | 1.07%             | 2029-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444452K4<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2146464.00   | 2.28%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Offshore Terminal Authority                                            | LOUISIANA ST OFFSHORE TERMINAL AUTH DEEPWATER PORT REVENUE   | CUSIP: 546510FT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997382.00    | 1.06%             | 2033-09-01      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Adams County Housing Authority                                                   | MAIKER HSG PARTNERS CO MF HSG REV                            | CUSIP: 56031AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001133.00   | 1.06%             | 2042-05-01      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    800000 | PA      | $835051.20    | 0.89%             | 2053-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1571793.00   | 1.67%             | 2053-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DKB7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    810000 | PA      | $859549.32    | 0.91%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD | CUSIP: 592113CV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501512.00   | 1.60%             | 2059-12-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250FH2<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    440000 | PA      | $453184.60    | 0.48%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AM53<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1580000.00   | 1.68%             | 2050-11-15      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                      | MIAMI-DADE CNTY FL HSG FIN AUTH MF HSG REVENUE               | CUSIP: 593344BU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000345.00   | 1.06%             | 2041-04-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $109677.37    | 0.12%             | 2049-10-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp                                                | MISSISSIPPI ST BUSINESS FIN COMMISSION GULF OPPORTUNITY ZONE | CUSIP: 60528ABX1<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 1.06%             | 2035-11-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| Industrial Development Board of the City of Mobile Alabama                       | MOBILE AL INDL DEV BRD POLL CONTROL REVENUE                  | CUSIP: 607167DW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1117529.94   | 1.19%             | 2034-06-01      | Floating      | 3.78%                 | No            |                  2 | On Loan: No      |
| Industrial Development Board of the City of Mobile Alabama                       | MOBILE AL INDL DEV BRD POLL CONTROL REVENUE                  | CUSIP: 607167EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009006.00   | 1.07%             | 2034-06-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH EXEMPT FACS REVENUE         | CUSIP: 61361TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1269370.88   | 1.35%             | 2053-04-01      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Muskogee Industrial Trust                                                        | MUSKOGEE OK INDL TRUST EDUCTNL FACS LEASE REVENUE            | CUSIP: 62813NAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $484095.78    | 0.51%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE       | CUSIP: 647370KF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $554549.10    | 0.59%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972E3D9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100020.90   | 1.17%             | 2062-11-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REV                     | CUSIP: 64972KNM3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200207.60   | 1.28%             | 2065-11-01      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NEW YORK ST HSG FIN AGY AFFORDABLE HSG REVENUE               | CUSIP: 64987JA43<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000136.00   | 1.06%             | 2062-11-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YSZ0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150052.20    | 0.16%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YTA4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49725.85     | 0.05%             | 2028-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YUB0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $533495.00    | 0.57%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                        | NORTH EAST TX INDEP SCH DIST                                 | CUSIP: 659155QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $972066.24    | 1.03%             | 2049-08-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                                | N E OHIO MED UNIV GEN RECPTS                                 | CUSIP: 66433RCL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $279648.98    | 0.30%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeastern Pennsylvania Hospital and Education Authority                       | N ESTRN PA HOSP & EDU AUTH                                   | CUSIP: 664551DD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $485441.84    | 0.52%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                            | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RK92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $991375.11    | 1.05%             | 2054-08-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WZ6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007520.00   | 1.07%             | 2029-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                                | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE         | CUSIP: 67868UKE2<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038480.00   | 1.10%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEFA Inc                                                                         | PEFA INC IA GAS PROJ REVENUE                                 | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3017064.00   | 3.21%             | 2049-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007844.00   | 1.07%             | 2041-07-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501032.00   | 1.60%             | 2037-08-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Peshtigo School District                                                         | PESHTIGO WI SCH DIST                                         | CUSIP: 715777FE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350540.40    | 0.37%             | 2027-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                        | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LW46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $500158.40    | 0.53%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2420825.90   | 2.57%             | 2055-06-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                              | CUSIP: 74442CCM4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    350000 | PA      | $358227.45    | 0.38%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI RETMNT FAC REVENUE                        | CUSIP: 74444VBG4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300593.70    | 0.32%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                                     | RENO-TAHOE NV ARPT AUTH ARPT REVENUE                         | CUSIP: 759874BT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524498.50    | 0.56%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rockport IN                                                              | ROCKPORT IN POLL CONTROL REVENUE                             | CUSIP: 773835BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1221793.20   | 1.30%             | 2047-06-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Gretna Public Schools                                                            | SARPY CNTY NE SCH DIST #37                                   | CUSIP: 803770XB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502964.00    | 0.53%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board                      | SHELBY CNTY TN HLTH EDUCTNL &HSG FACS BRD REVENUE            | CUSIP: 821697Y78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078225.00   | 1.15%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    240000 | PA      | $255940.08    | 0.27%             | 2053-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | TAMPA FL CAPITAL IMPT CIGARETTE TAX ALLOCATION               | CUSIP: 875146AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303044.70    | 0.32%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397CJ1<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2147964.96   | 2.28%             | 2054-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBB3<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |    625000 | PA      | $632935.63    | 0.67%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBE7<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053179.00   | 1.12%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State Affordable Housing Corp                                              | TEXAS ST AFFORDABLE HSG CORP MF HSG REVENUE                  | CUSIP: 88271FFR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002359.00   | 1.07%             | 2045-01-01      | Floating      | 3.63%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                    | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU | CUSIP: 88283KBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $112811.58    | 0.12%             | 2042-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Travis County Housing Finance Corp                                               | TRAVIS CNTY TX HSG FIN CORP MF HSG REVENUE                   | CUSIP: 89438UBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2121390.72   | 2.26%             | 2045-06-01      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HAV9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500711.00    | 0.53%             | 2050-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulare Public Financing Authority                                                | TULARE CA PUBLIC FING AUTH                                   | CUSIP: 899111CQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $550777.70    | 0.59%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulare Public Financing Authority                                                | TULARE CA PUBLIC FING AUTH                                   | CUSIP: 899111CR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $505720.64    | 0.54%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                                | VENICE FL                                                    | CUSIP: 922687AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $574495.73    | 0.61%             | 2030-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104MM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $406559.20    | 0.43%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783Y34<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500706.50    | 0.53%             | 2031-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION MF HSG REVENUE              | CUSIP: 93978PPU5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003556.00   | 1.07%             | 2043-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS             | CUSIP: 95648VBY4<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    600000 | PA      | $597102.60    | 0.63%             | 2041-01-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                                        | WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE                   | CUSIP: 95737TEE2<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    270000 | PA      | $273443.85    | 0.29%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority                               | WISCONSIN ST HSG & ECON DEV AUTH MF HSG                      | CUSIP: 97689RFC3<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |    350000 | PA      | $354357.50    | 0.38%             | 2027-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Housing Revenue               | WISCONSIN ST HSG & ECON DEV AUTH HSG REVENUE                 | CUSIP: 9769044P4<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |    415000 | PA      | $415159.36    | 0.44%             | 2054-11-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-15

**Name of Applicant:** THORNBURG INVESTMENT TRUST

**Signature:** Christopher Luckham

**Name of Signer:** Christopher Luckham

**Title:** Senior Manager - Fund Administration