Morningstar

Thornburg New Mexico Intermediate Municipal Fund Class I THNIX

Morningstar Medalist Rating
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Medalist Rating as of See Thornburg Investment Hub
  • NAV / 1-Day Return $11.95  /  +0.50 %
  • Fund Size $80.3M
  • Adjusted Expense Ratio 0.670%
  • Net Expense Ratio 0.670%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category Muni Single State Interm
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $3M
  • Investment Status Open
  • TTM Yield 3.50%
  • Average Effective Duration 3.59 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis THNIX

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

  • People Pillar

    The People Pillar is our evaluation of the THNIX 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 THNIX’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 I holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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Portfolio Holdings THNIX

More THNIX 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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