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Morningstar

Thornburg Limited-Term Muni A LTMFX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 13.53  /  0.00
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.700%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 2.79%
  • Effective Duration 3.34 years

USD | NAV as of May 09, 2024 | 1-Day Return as of May 09, 2024, 10:15 PM GMT+0

Morningstar’s Analysis LTMFX

Will LTMFX 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 LTMFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LTMFX 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 LTMFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LTMFX

More LTMFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PEFA INC IOWA GAS PROJ REV 5%

2.12 54.9 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

1.94 50.3 Mil
municipal

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

1.60 41.6 Mil
municipal

TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJ REV 5%

1.44 37.3 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5%

1.23 31.9 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.14 29.6 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

1.09 28.3 Mil
municipal

ILLINOIS ST 5%

1.06 27.4 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

1.04 27.0 Mil
municipal

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

0.92 23.9 Mil
municipal