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Morningstar

Thornburg NM Intermediate Municipal I THNIX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 12.29  /  0.17 %
  • Total Assets 105.6 Mil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 2,500,000
  • Status Open
  • TTM Yield 2.40%
  • Effective Duration 4.37 years

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 11:18 PM GMT+0

Morningstar’s Analysis THNIX

Will THNIX 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 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.

Weakness in Thornburg NM Intermediate Municipal I's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings THNIX

More THNIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 111
  • Other Holdings 3
  • % Assets in Top 10 Holdings 24.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BERNALILLO CNTY N MEX GROSS RCPTS TAX REV 5.25%

3.71
3,958,786
municipal

NEW MEXICO FIN AUTH REV 4%

3.55
3,787,869
municipal

NEW MEXICO EDL ASSISTANCE FNDTN 5%

2.50
2,674,394
municipal

NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 4%

2.42
2,585,228
municipal

SANTA FE NEW MEXICO RETIREMENT FAC REV 4.5%

2.36
2,524,364
municipal

BERNALILLO CNTY N MEX GROSS RCPTS TAX REV 5.7%

2.03
2,173,840
municipal

NEW MEXICO ST 5%

1.94
2,073,578
municipal

NEW MEXICO ST UNIV REVS 5%

1.93
2,058,397
municipal

NEW MEXICO MTG FIN AUTH 4.55%

1.92
2,055,942
municipal

ALBUQUERQUE BERNALILLO CNTY WTR UTIL AUTH N MEX JT WTR & SWR SYS REV 5%

1.89
2,016,542
municipal