# EDGAR Filing Document

**Accession Number:** 0000816153
**File Stem:** 0001410368-25-029185
**Filing Date:** 2025-11
**Character Count:** 48113
**Document Hash:** 4d32dda8a83d59b5d93d2db23b2b6e3c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-029185.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001410368-25-029185

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**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:** 251510260

**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 New Mexico Intermediate Municipal Fund (Series ID: S000011843)

| Class ID   | Class Name                                                 | Ticker Symbol   |
|:---|:---|:---|
| C000032352 | Thornburg New Mexico Intermediate Municipal Fund - Class A | THNMX           |
| C000032353 | Thornburg New Mexico Intermediate Municipal Fund - Class D | THNDX           |
| C000042667 | Thornburg New Mexico Intermediate Municipal Fund - Class I | THNIX           |

## 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 New Mexico Intermediate Municipal Fund

- **b. EDGAR series identifier (if any):** S000011843

- **c. LEI of Series:** 549300M2E5T355DE3R41

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $89532638.80

**Total Liabilities:** $373565.81

**Net Assets:** $89159072.99

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -381.12000000 | **1-Year:** -4427.79000000 | **5-Year:** -11986.82000000 | **10-Year:** -18019.03000000 | **30-Year:** -3040.13000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000042667 | -0.13%               | 0.61%                | 1.59%                |
| Class ID C000032353 | -0.18%               | 0.56%                | 1.54%                |
| Class ID C000032352 | -0.24%               | 0.67%                | 1.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-113843.40              | $-270198.40                                |
| Month 2  | $253.43                  | $309572.21                                 |
| Month 3  | $4.14                    | $1150565.88                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| New Mexico Finance Authority                                                    | NEW MEXICO ST FIN AUTH REVENUE                               | CUSIP: 64711NJ55<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1471637.66   | 1.65%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                            | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653HX2<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    730000 | PA      | $743472.88    | 0.83%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Institute of Mining & Technology                                     | NEW MEXICO ST INSTITUTE OF MINING & TECHNOLOGY               | CUSIP: 647157KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $667865.80    | 0.75%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Albuquerque Municipal School District No 12                                     | ALBUQUERQUE NM MUNI SCH DIST #12                             | CUSIP: 013595A37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $383340.30    | 0.43%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roswell NM Gross Receipts Tax Revenue                                   | ROSWELL NM GROSS RECPTS TAX REVENUE                          | CUSIP: 77854PAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204203.20    | 0.23%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Los Ranchos de Albuquerque NM                                        | LOS RANCHOS DE ALBUQUERQUE NM EDUCTNL FACS REVENUE           | CUSIP: 545610BG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2594548.80   | 2.91%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NDG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $376429.55    | 0.42%             | 2040-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lea County Public School District No 8 Eunice                                   | LEA CNTY NM PUBLIC SCH DIST #8 EUNICE                        | CUSIP: 521513DW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1301497.35   | 1.46%             | 2033-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO ST FIN AUTH REVENUE                               | CUSIP: 64711NJ63<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |   3785000 | PA      | $3814829.59   | 4.28%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Loving Municipal School District No 10                                          | LOVING NM MUNI SCH DIST #10                                  | CUSIP: 547413EL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1132284.30   | 1.27%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                           | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450GC8<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2150280.32   | 2.41%             | 2040-06-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 6473103J8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $545249.50    | 0.61%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO ST FIN AUTH REVENUE                               | CUSIP: 64711NYF6<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1241202.80   | 1.39%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                               | GUAM INTERNATIONAL ARPT AUTH                                 | CUSIP: 40064RFV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104643.00    | 0.12%             | 2039-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 6472004L5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $452364.92    | 0.51%             | 2031-09-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| State Street Institutional Treasury Money Market Fund                           | State Street Institutional Treasury Money Market Fund        | CUSIP: 857492888<br>LEI: 549300Q3FHSMZ70NLT76 | Long             | EC               | RF                | US        |       644 | NS      | $644.14       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Santa Fe Public School District                                                 | SANTA FE NM PUBLIC SCH DIST                                  | CUSIP: 802088RE6<br>LEI: 54930082JUO16DJWGD91 | Long             | DBT              | MUN               | US        |    400000 | PA      | $407988.00    | 0.46%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                               | GUAM INTERNATIONAL ARPT AUTH                                 | CUSIP: 40064RFQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106829.20    | 0.12%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Albuquerque NM Transportation Infrastructure Gross Receipts Tax Revenue | ALBUQUERQUE NM TRANSPRTN INFRASTRUCTURE GROSS RECEIPTS TAX   | CUSIP: 013654AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $825302.40    | 0.93%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Inspiration Public Improvement District                                         | INSPIRATION PUBLIC IMPT DIST NM SPL LEVY REVENUE             | CUSIP: 457727AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $318365.95    | 0.36%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hobbs School District No 16                                                     | HOBBS MUNI SCH DIST #16                                      | CUSIP: 43385QCJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306377.70    | 0.34%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico State University                                                     | NEW MEXICO ST UNIV                                           | CUSIP: 647429Y45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2043426.63   | 2.29%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Fe NM                                                           | SANTA FE CNTY NM CORRNL SYS REVENUE                          | CUSIP: 80189AAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $421245.07    | 0.47%             | 2027-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Albuquerque Municipal School District No 12                                     | ALBUQUERQUE NM MUNI SCH DIST #12                             | CUSIP: 013595XT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219190.80    | 0.25%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of San Juan NM                                                           | SAN JUAN CNTY NM GROSS RECPTS TAX REVENUE                    | CUSIP: 79835HHK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1367039.31   | 1.53%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                            | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FFH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529482.50    | 0.59%             | 2045-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Albuquerque Municipal School District No 12                                     | ALBUQUERQUE NM MUNI SCH DIST #12                             | CUSIP: 013595XQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1216250.20   | 1.36%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volterra Public Improvement District                                            | VOLTERRA PUB IMPT DIST NM SPLLEVY REVENUE                    | CUSIP: 92871AAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938012.00    | 1.05%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                      | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE       | CUSIP: 647370JM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $343621.08    | 0.39%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Fe Public School District                                                 | SANTA FE NM PUBLIC SCH DIST                                  | CUSIP: 802088NQ3<br>LEI: 54930082JUO16DJWGD91 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203994.00    | 0.23%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                            | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FCH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1010534.29   | 1.13%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH MF HSG REVENUE                   | CUSIP: 64719HEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $349812.75    | 0.39%             | 2042-02-01      | Floating      | 2.97%                 | No            |                  2 | On Loan: No      |
| City of Las Cruces NM Joint Utility Revenue                                     | LAS CRUCES NM JT UTILITY REVENUE                             | CUSIP: 517496HE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $478899.75    | 0.54%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201J94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1479907.84   | 1.66%             | 2044-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201WD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1000002.86   | 1.12%             | 2043-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                      | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE       | CUSIP: 647370HT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1150801.55   | 1.29%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Roswell NM Joint Water & Sewer Revenue                                  | ROSWELL NM JT WTR & SWR REVENUE                              | CUSIP: 778561KK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $647216.64    | 0.73%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bernalillo NM Gross Receipts Tax Revenue                              | BERNALILLO CNTY NM GROSS RECPTS TAX REVENUE                  | CUSIP: 08527NBZ8<br>LEI: 549300HH7LOB1GPMU667 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1121852.20   | 1.26%             | 2027-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201YN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1235776.82   | 1.39%             | 2043-09-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201JF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $645469.60    | 0.72%             | 2039-07-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| City of Albuquerque NM                                                          | ALBUQUERQUE NM                                               | CUSIP: 013519CV3<br>LEI: 549300MV7H0GASZUCG39 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103558.00   | 1.24%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO FIN AUTH REVENUE                                  | CUSIP: 64711PNW6<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068854.00   | 1.20%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Fe NM                                                           | SANTA FE CNTY NM                                             | CUSIP: 801889SK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1092639.95   | 1.23%             | 2038-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Albuquerque Municipal School District No 12                                     | ALBUQUERQUE NM MUNI SCH DIST #12                             | CUSIP: 013595UX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016573.00   | 1.14%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lea County Public School District No 8 Eunice                                   | LEA CNTY NM PUBLIC SCH DIST #8 EUNICE                        | CUSIP: 521513DV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098310.00   | 1.23%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 6472016X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024605.00   | 1.15%             | 2045-09-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| City of Albuquerque NM Refuse Removal & Disposal Revenue                        | ALBUQUERQUE NM REFUSE REMOVAL & DISP REVENUE                 | CUSIP: 013630EH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $326235.60    | 0.37%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico                                                             | NEW MEXICO ST                                                | CUSIP: 647293TK5<br>LEI: 549300H4YLM23QKOGK29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088951.00   | 1.22%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hobbs School District No 16                                                     | HOBBS MUNI SCH DIST #16                                      | CUSIP: 43385QCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $365253.00    | 0.41%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Albuquerque NM Gross Receipts Tax Revenue                               | ALBUQUERQUE NM GROSS RECPTS TAX REVENUE                      | CUSIP: 01354PFK5<br>LEI: 549300MV7H0GASZUCG39 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1101344.20   | 1.24%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roswell NM Joint Water & Sewer Revenue                                  | ROSWELL NM JT WTR & SWR REVENUE                              | CUSIP: 778561KJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $586497.74    | 0.66%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM Gross Receipts Tax Revenue                                  | SANTA FE NM GROSS RECPTS TAX REVENUE                         | CUSIP: 802072SP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $263447.25    | 0.30%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albuquerque Municipal School District No 12                                     | ALBUQUERQUE NM MUNI SCH DIST #12                             | CUSIP: 013595A45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $162879.00    | 0.18%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM Gross Receipts Tax Revenue                                  | SANTA FE NM GROSS RECPTS TAX REVENUE                         | CUSIP: 802072SN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $474187.50    | 0.53%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 6472012L5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $652055.78    | 0.73%             | 2045-09-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| County of San Juan NM                                                           | SAN JUAN CNTY NM GROSS RECPTS TAX REVENUE                    | CUSIP: 79835HHH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1282227.20   | 1.44%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of New Mexico/The                                                    | UNIV OF NEW MEXICO NM                                        | CUSIP: 9146925R5<br>LEI: 549300WZXG6PIBC7KB43 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1009701.39   | 1.13%             | 2043-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM Gross Receipts Tax Revenue                                  | SANTA FE NM GROSS RECPTS TAX REVENUE                         | CUSIP: 802072SQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $374156.16    | 0.42%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Diamantes Public Improvement District                                       | LOS DIAMANTES PUBLIC IMPT DIST NM                            | CUSIP: 545452AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $459510.00    | 0.52%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO FIN AUTH REVENUE                                  | CUSIP: 64711PDD9<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    845000 | PA      | $891658.37    | 1.00%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rio Rancho NM Gross Receipts Tax Revenue                                | RIO RANCHO NM GROSS RECPTS TAX REVENUE                       | CUSIP: 767169FL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $1036512.29   | 1.16%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Fe NM                                                           | SANTA FE CNTY NM MF REVENUE                                  | CUSIP: 80189NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504088.00    | 0.57%             | 2049-12-10      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 6473102Z3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $496240.56    | 0.56%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Albuquerque NM Gross Receipts Tax Revenue                               | ALBUQUERQUE NM GROSS RECPTS TAX REVENUE                      | CUSIP: 01354PJK1<br>LEI: 549300MV7H0GASZUCG39 | Long             | DBT              | MUN               | US        |    500000 | PA      | $544437.00    | 0.61%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rio Rancho NM Gross Receipts Tax Revenue                                | RIO RANCHO NM GROSS RECPTS TAX REVENUE                       | CUSIP: 767169FQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1149022.60   | 1.29%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico State University                                                     | NEW MEXICO ST UNIV                                           | CUSIP: 647429X87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $395631.78    | 0.44%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                               | NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH GAS SPLY          | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |   2765000 | PA      | $2983081.08   | 3.35%             | 2054-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO ST FIN AUTH ST TRANSPRTN REVENUE                  | CUSIP: 64711RML7<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017736.00   | 1.14%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Silver City NM Gross Receipts Tax Revenue                               | SILVER CITY NM GROSS RECPTS TAX REVENUE                      | CUSIP: 82750PBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $647089.22    | 0.73%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Albuquerque NM Refuse Removal & Disposal Revenue                        | ALBUQUERQUE NM REFUSE REMOVAL & DISP REVENUE                 | CUSIP: 013630EB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44503.72     | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 6472014S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1477922.07   | 1.66%             | 2045-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Albuquerque Municipal School District No 12                                     | ALBUQUERQUE NM MUNI SCH DIST #12                             | CUSIP: 013595VV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264884.75    | 0.30%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Fe Public School District                                                 | SANTA FE NM PUBLIC SCH DIST                                  | CUSIP: 802088QU1<br>LEI: 54930082JUO16DJWGD91 | Long             | DBT              | MUN               | US        |    170000 | PA      | $187690.37    | 0.21%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of McKinley NM Gross Receipts Tax Revenue                                | MCKINLEY CNTY NM GROSS RECPTS TAX REVENUE                    | CUSIP: 581615EJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $709287.00    | 0.80%             | 2043-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 6473105B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088540.00   | 1.22%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201XJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1514374.79   | 1.70%             | 2043-09-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO ST FIN AUTH REVENUE                               | CUSIP: 64711NYE9<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1186271.51   | 1.33%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Albuquerque NM Gross Receipts Tax Revenue                               | ALBUQUERQUE NM GROSS RECPTS TAX REVENUE                      | CUSIP: 01354PGP3<br>LEI: 549300MV7H0GASZUCG39 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1224671.40   | 1.37%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                      | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE       | CUSIP: 647370HU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2815000 | PA      | $2787655.09   | 3.13%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                            | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653KH3<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1816785.25   | 2.04%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | TRISTATE INSURED CASH SWEEP                                  | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | Long             | STIV             | CORP              | US        |    874650 | PA      | $874649.71    | 0.98%             | 2050-10-01      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| City of Albuquerque NM Gross Receipts Tax Revenue                               | ALBUQUERQUE NM GROSS RECPTS TAX REVENUE                      | CUSIP: 01354PFL3<br>LEI: 549300MV7H0GASZUCG39 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1201377.60   | 1.35%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bernalillo NM Gross Receipts Tax Revenue                              | BERNALILLO CNTY NM GROSS RECPTS TAX REVENUE                  | CUSIP: 08527NHA7<br>LEI: 549300HH7LOB1GPMU667 | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3850254.10   | 4.32%             | 2025-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Bernalillo NM Gross Receipts Tax Revenue                              | BERNALILLO CNTY NM GROSS RECPTS TAX REVENUE                  | CUSIP: 08527NFL5<br>LEI: 549300HH7LOB1GPMU667 | Long             | DBT              | MUN               | US        |    290000 | PA      | $304053.40    | 0.34%             | 2027-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                      | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE       | CUSIP: 647370JP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1497372.48   | 1.68%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM                                                             | SANTA FE NM                                                  | CUSIP: 802071LA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $1001822.80   | 1.12%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO ST FIN AUTH REVENUE                               | CUSIP: 64711NZH1<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250364.50    | 0.28%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM Gross Receipts Tax Revenue                                  | SANTA FE NM GROSS RECPTS TAX REVENUE                         | CUSIP: 802072SR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $415914.46    | 0.47%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of New Mexico/The                                                    | UNIV OF NEW MEXICO NM                                        | CUSIP: 914692Z76<br>LEI: 549300WZXG6PIBC7KB43 | Long             | DBT              | MUN               | US        |    385000 | PA      | $387512.90    | 0.43%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Los Ranchos de Albuquerque NM                                        | LOS RANCHOS DE ALBUQUERQUE NM EDUCTNL FACS REVENUE           | CUSIP: 545610BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $330376.50    | 0.37%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bernalillo NM Gross Receipts Tax Revenue                              | BERNALILLO CNTY NM GROSS RECPTS TAX REVENUE                  | CUSIP: 08527NEB8<br>LEI: 549300HH7LOB1GPMU667 | Long             | DBT              | MUN               | US        |    125000 | PA      | $127117.38    | 0.14%             | 2027-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Albuquerque Bernalillo County Water Utility Authority                           | ALBUQUERQUE BERNALILLO CNTY NM WTR UTILITY AUTH JT WTR & SWR | CUSIP: 013493GW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002708.00   | 2.25%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201C67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $221443.64    | 0.25%             | 2044-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Mexico State University                                                     | NEW MEXICO ST UNIV                                           | CUSIP: 647429Y37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $409721.20    | 0.46%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albuquerque Municipal School District No 12                                     | ALBUQUERQUE NM MUNI SCH DIST #12                             | CUSIP: 013595UU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $611591.40    | 0.69%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Albuquerque NM Gross Receipts Tax Revenue                               | ALBUQUERQUE NM GROSS RECPTS TAX REVENUE                      | CUSIP: 01354PJY1<br>LEI: 549300MV7H0GASZUCG39 | Long             | DBT              | MUN               | US        |    125000 | PA      | $138414.00    | 0.16%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                           | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450GE4<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043074.00   | 2.29%             | 2040-06-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM Gross Receipts Tax Revenue                                  | SANTA FE NM GROSS RECPTS TAX REVENUE                         | CUSIP: 802072SM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $443041.20    | 0.50%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                      | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE       | CUSIP: 647370EK7<br>LEI: ZBUT11V806EZRVTWT807 | Long             | DBT              | MUN               | US        |    230000 | PA      | $230000.00    | 0.26%             | 2034-08-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-17

**Name of Applicant:** THORNBURG INVESTMENT TRUST

**Signature:** Christopher Luckham

**Name of Signer:** Christopher Luckham

**Title:** Manager - Fund Admin