Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Thornburg NM Intermediate Municipal A THNMX
- NAV / 1-Day Return 12.36 / −0.15 %
- Total Assets 99.4 Mil
-
Adj. Expense Ratio
- 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 2.33%
- Effective Duration 3.93 years
USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:14 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 27.1
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
BERNALILLO CNTY N MEX GROSS RCPTS TAX REV 5.25% | 4.03 | 4.0 Mil | municipal |
NEW MEXICO FIN AUTH REV 4% | 3.92 | 3.9 Mil | municipal |
NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 4% | 2.89 | 2.9 Mil | municipal |
NEW MEXICO EDL ASSISTANCE FNDTN 5% | 2.85 | 2.8 Mil | municipal |
SANTA FE NEW MEXICO RETIREMENT FAC REV 4.5% | 2.61 | 2.6 Mil | municipal |
NEW MEXICO MTG FIN AUTH 4.55% | 2.27 | 2.2 Mil | municipal |
BERNALILLO CNTY N MEX GROSS RCPTS TAX REV 5.7% | 2.22 | 2.2 Mil | municipal |
NEW MEXICO ST UNIV REVS 5% | 2.15 | 2.1 Mil | municipal |
NEW MEXICO ST 5% | 2.10 | 2.1 Mil | municipal |
ALBUQUERQUE BERNALILLO CNTY WTR UTIL AUTH N MEX JT WTR & SWR SYS REV 5% | 2.08 | 2.1 Mil | municipal |