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Thornburg NM Intermediate Municipal A THNMX

Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 12.40  /  +0.02 %
  • Total Assets 95.4 Mil
  • Adj. Expense Ratio
    0.990%
  • Expense Ratio 0.990%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 2.40%
  • Effective Duration 3.93 years

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 10:16 PM GMT+0

Morningstar’s Analysis THNMX

Will THNMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Weakness in Thornburg NM Intermediate Municipal A'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 second-highest quintile among peers.

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Portfolio Holdings THNMX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 27.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BERNALILLO CNTY N MEX GROSS RCPTS TAX REV 5.25%

3.99 4.0 Mil
municipal

NEW MEXICO FIN AUTH REV 4%

3.89 3.9 Mil
municipal

NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 4%

2.87 2.9 Mil
municipal

NEW MEXICO EDL ASSISTANCE FNDTN 5%

2.83 2.8 Mil
municipal

NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 3.85%

2.82 2.8 Mil
municipal

SANTA FE NEW MEXICO RETIREMENT FAC REV 4.5%

2.62 2.6 Mil
municipal

NEW MEXICO MTG FIN AUTH 4.55%

2.32 2.3 Mil
municipal

BERNALILLO CNTY N MEX GROSS RCPTS TAX REV 5.7%

2.22 2.2 Mil
municipal

NEW MEXICO ST UNIV REVS 5%

2.13 2.1 Mil
municipal

NEW MEXICO ST 5%

2.09 2.1 Mil
municipal