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Morningstar

Thornburg NY Intermediate Municipal A THNYX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 11.94  /  0.43 %
  • Total Assets 25.0 Mil
  • Adj. Expense Ratio
    0.990%
  • Expense Ratio 0.990%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni New York Intermediate
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 2.45%
  • Effective Duration 4.70 years

USD | NAV as of Nov 29, 2023 | 1-Day Return as of Nov 29, 2023, 11:26 PM GMT+0

Morningstar’s Analysis THNYX

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

People Pillar

The People Pillar is our evaluation of the THNYX 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 THNYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Thornburg NY 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 highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings THNYX

More THNYX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 46
  • Other Holdings 4
  • % Assets in Top 10 Holdings 40.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

WEST SENECA N Y CENT SCH DIST 5%

5.20
1,300,959
Cash and Equivalents

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

4.20
1,050,679
municipal

HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5%

4.14
1,036,089
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

4.11
1,027,474
municipal

METROPOLITAN TRANSN AUTH N Y REV 5%

4.07
1,016,685
municipal

NASSAU CNTY N Y SWR & STORM WTR FIN AUTH SYS REV 5%

4.05
1,013,505
municipal

SALES TAX ASSET RECEIVABLE CORP N Y 5%

4.05
1,012,880
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y REVS 5%

4.03
1,008,503
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y REVS 5%

4.03
1,007,498
municipal

NEW YORK N Y 5%

4.01
1,003,816
municipal