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Morningstar

Thornburg Intermediate Municipal C THMCX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 13.17  /  +0.01 %
  • Total Assets 970.8 Mil
  • Adj. Expense Ratio
    1.090%
  • Expense Ratio 1.090%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 2.87%
  • Effective Duration 4.84 years

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:14 PM GMT+0

Morningstar’s Analysis THMCX

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

  • People Pillar

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

Weakness in Thornburg Intermediate Municipal C'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 most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings THMCX

More THMCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 4.3%

2.04 20.0 Mil
municipal

TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJ REV 5%

1.28 12.5 Mil
municipal

CALIFORNIA PUB FIN AUTH REV 3.7%

1.13 11.0 Mil
municipal

MEADE CNTY KY INDL BLDG REV 4.62%

1.11 10.8 Mil
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5.25%

1.10 10.8 Mil
municipal

PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 5.25%

1.04 10.2 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

0.87 8.5 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

0.86 8.4 Mil
municipal

INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REV 4.25%

0.82 8.0 Mil
municipal

MEADE CNTY KY INDL BLDG REV 4.62%

0.81 8.0 Mil
municipal