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Morningstar

Thornburg NY Intermediate Municipal I TNYIX

Morningstar Analyst Rating
Quantitative rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 12.02  /  0.08 %
  • Total Assets 27.4 Mil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni New York Intermediate
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 2,500,000
  • Status Open
  • TTM Yield 2.45%
  • Effective Duration 4.13 years

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 11:24 PM GMT+00:00

Morningstar’s Analysis TNYIX

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

People Pillar

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

Summary

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Weakness in Thornburg NY Intermediate Municipal I's People and Process Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Negative. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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