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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 13.19  /  0.17 %
  • Total Assets 3.0 Bil
  • Adj. Expense Ratio
    0.480%
  • Expense Ratio 0.480%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 2,500,000
  • Status Open
  • TTM Yield 2.70%
  • Effective Duration 2.95 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 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 Process and People 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 0
  • Bond Holdings 961
  • Other Holdings 65
  • % Assets in Top 10 Holdings 11.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
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0.93
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MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

0.91
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ILLINOIS ST 5%

0.88
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