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Morningstar

Thornburg NM Intermediate Municipal D THNDX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 12.36  /  0.01 %
  • Total Assets 115.6 Mil
  • Adj. Expense Ratio
    1.240%
  • 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 5,000
  • Status Open
  • TTM Yield 1.45%
  • Effective Duration 4.24 years

USD | NAV as of Jun 06, 2023 | 1-Day Return as of Jun 06, 2023, 10:24 PM GMT+0

Morningstar’s Analysis THNDX

Will THNDX 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 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.

Weakness in Thornburg NM Intermediate Municipal D's Process and People 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 THNDX

More THNDX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 121
  • Other Holdings 5
  • % Assets in Top 10 Holdings 21.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BERNALILLO CNTY N MEX GROSS RCPTS TAX REV 5.25%

3.43
4,073,654
municipal

NEW MEXICO FIN AUTH REV 5%

3.09
3,670,502
municipal

NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 4%

2.37
2,816,016
municipal

SANTA FE NEW MEXICO RETIREMENT FAC REV 4.5%

2.19
2,605,266
municipal

Usd

1.90
2,261,736
Cash and Equivalents

BERNALILLO CNTY N MEX GROSS RCPTS TAX REV 5.7%

1.89
2,246,806
municipal

ALBUQUERQUE N MEX GROSS RCPTS LODGERS TAX REV 4%

1.84
2,181,209
municipal

NEW MEXICO ST UNIV REVS 5%

1.80
2,144,186
municipal

NEW MEXICO ST SEVERANCE TAX 5%

1.79
2,129,374
municipal

NEW MEXICO ST UNIV REVS 5%

1.73
2,053,982
municipal