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Morningstar

Thornburg Intermediate Municipal Inst THMIX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 12.83  /  0.05 %
  • Total Assets 872.4 Mil
  • Adj. Expense Ratio
    0.530%
  • Expense Ratio 0.530%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 2,500,000
  • Status Open
  • TTM Yield 3.28%
  • Effective Duration 4.74 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:19 PM GMT+0

Morningstar’s Analysis THMIX

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

People Pillar

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

Weakness in Thornburg Intermediate Municipal 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 THMIX

More THMIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 465
  • Other Holdings 7
  • % Assets in Top 10 Holdings 9.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MEADE CNTY KY INDL BLDG REV 5.45%

1.25
11,150,000
municipal

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.5%

1.20
10,747,290
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.25%

1.06
9,496,242
municipal

MASSACHUSETTS ST SPL OBLIG DEDICATED TAX REV 5.5%

1.05
9,388,880
municipal

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 5.25%

0.91
8,100,000
municipal

CHICAGO ILL 6%

0.90
8,001,930
municipal

INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REV 4.25%

0.89
7,927,440
municipal

CHICAGO ILL O HARE INTL ARPT REV 5%

0.85
7,577,269
municipal

TENNESSEE ENERGY ACQUISITION CORP GAS REV 5.25%

0.78
7,002,492
Cash and Equivalents

PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 5.5%

0.74
6,606,774
municipal