Morningstar

Thornburg Short Duration Municipal Fund Class I TLMIX

Morningstar Medalist Rating
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Medalist Rating as of See Thornburg Investment Hub
  • NAV / 1-Day Return $11.78  /  +0.17 %
  • Fund Size $104.8M
  • Adjusted Expense Ratio 0.500%
  • Net Expense Ratio 0.500%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category Muni National Short
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $3M
  • Investment Status Open
  • TTM Yield 3.30%
  • Average Effective Duration 1.88 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis TLMIX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Thornburg Short Duration Municipal I holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings TLMIX

More TLMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5.25%

2.50 2M
municipal

LOS ANGELES CALIF DEPT ARPTS ARPT REV 5%

2.30 2M
municipal

TENNERGY CORP TENN GAS REV 5%

2.30 2M
municipal

TRAVIS CNTY TEX HSG FIN CORP MULTIFAMILY HSG REV 4.125%

2.29 2M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

2.24 2M
municipal

HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV 5%

2.19 2M
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 3%

2.01 2M
municipal

HALIFAX CNTY VA INDL DEV AUTH REV 3.8%

1.77 2M
municipal

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5%

1.66 2M
municipal

ARIZONA ST INDL DEV AUTH MULTIFAMILY HSG REV 5%

1.63 2M
municipal

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