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Morningstar

Thornburg Limited-Term Muni Inst LTMIX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 13.48  /  −0.06 %
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.510%
  • Expense Ratio 0.510%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 2.5 Mil
  • Status Open
  • TTM Yield 2.96%
  • Effective Duration 3.52 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0

Morningstar’s Analysis LTMIX

Will LTMIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LTMIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LTMIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of LTMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Thornburg Limited-Term Muni Inst's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LTMIX

More LTMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PEFA INC IOWA GAS PROJ REV 5%

2.10 54.9 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

1.93 50.4 Mil
municipal

TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV 5%

1.58 41.2 Mil
municipal

TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJ REV 5%

1.43 37.3 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5%

1.23 32.2 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.13 29.6 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

1.08 28.4 Mil
municipal

ILLINOIS ST 5%

1.05 27.5 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

1.03 27.0 Mil
municipal

TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV 5%

0.91 23.7 Mil
municipal