Morningstar

Thornburg New Mexico Intermediate Municipal Fund Class D THNDX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 11.73  /  −0.26 %
  • Total Assets 78.4M
  • Adj. Expense Ratio
    1.170%
  • Expense Ratio 1.240%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.95%
  • Effective Duration 4.37 years

USD | NAV as of Oct 07, 2026 | 1-Day Return as of Oct 07, 2026, 2:56 AM GMT+0

Morningstar’s Analysis THNDX

Will THNDX outperform in the 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 THNDX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Thornburg NM Intermediate Municipal D holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings THNDX

More THNDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 26.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW MEXICO MUN ENERGY ACQUISITION AUTH GAS SUPPLY REV 5%

4.57 4M
municipal

NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 4%

3.24 3M
municipal

LOS RANCHOS DE ALBUQUERQUE NEW MEXICO EDL FACS REV 4%

3.00 2M
municipal

FARMINGTON N MEX POLLUTN CTL REV 3.9%

2.67 2M
municipal

NEW MEXICO FIN AUTH ST TRANSN REV 5%

2.59 2M
municipal

United States Treasury Bills 3.6261%

2.51 2M
Government

FARMINGTON N MEX POLLUTN CTL REV 3.875%

2.47 2M
municipal

GUAM PWR AUTH REV 5%

2.16 2M
municipal

NEW MEXICO MTG FIN AUTH 4.55%

1.81 1M
municipal

NEW MEXICO MTG FIN AUTH 4.6%

1.79 1M
municipal

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