Thornburg NM Intermediate Municipal D (THNDX)
| Fund Assets | 89.16M |
| Expense Ratio | 1.24% |
| Min. Investment | $5,000 |
| Turnover | 19.49% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 2.63% |
| Dividend Growth | 12.10% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 31, 2025 |
| Previous Close | 12.46 |
| YTD Return | 2.02% |
| 1-Year Return | 2.88% |
| 5-Year Return | 0.01% |
| 52-Week Low | 11.96 |
| 52-Week High | 12.48 |
| Beta (5Y) | 0.18 |
| Holdings | 99 |
| Inception Date | Jun 1, 1999 |
About THNDX
Thornburg New Mexico Intermediate Municipal Fund is an actively managed municipal bond mutual fund focused on generating tax-exempt income for New Mexico residents while emphasizing capital preservation. The portfolio primarily invests in investment-grade obligations issued by the State of New Mexico, its agencies, and local municipalities, typically within an intermediate maturity range to balance income and interest-rate risk. The strategy employs a laddered structure and security selection aimed at high credit quality and reduced volatility relative to longer-duration municipal portfolios. The fund distributes income monthly and is designed to provide income that is exempt from federal and New Mexico state individual income taxes, with limited exposure subject to the federal Alternative Minimum Tax. It sits within the muni single-state intermediate category and tracks its results against broad municipal benchmarks to assess risk and return. With a long operating history and a defined regional mandate, Thornburg New Mexico Intermediate Municipal Fund serves investors seeking state-specific tax efficiency and a conservative fixed income allocation anchored in New Mexico’s public finance market.
Performance
THNDX had a total return of 2.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.53%.
Top 10 Holdings
29.51% of assets| Name | Symbol | Weight |
|---|---|---|
| BERNALILLO CNTY N MEX GROSS RCPTS TAX REV 5.25% | NM.BERGEN 5.25 10.01.2025 | 4.35% |
| NEW MEXICO FIN AUTH REV 4% | NM.NMSGEN 4 06.01.2034 | 4.31% |
| NEW MEXICO MUN ENERGY ACQUISITION AUTH GAS SUPPLY REV 5% | NM.NMSPWR 06.01.2054 | 3.37% |
| NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 4% | NM.NMSMED 4 08.01.2037 | 3.15% |
| LOS RANCHOS DE ALBUQUERQUE NEW MEXICO EDL FACS REV 4% | NM.LSREDU 4 09.01.2040 | 2.93% |
| FARMINGTON N MEX POLLUTN CTL REV 3.9% | NM.FARPOL 06.01.2040 | 2.43% |
| NEW MEXICO ST UNIV REVS 5% | NM.NMSHGR 5 04.01.2036 | 2.31% |
| FARMINGTON N MEX POLLUTN CTL REV 3.875% | NM.FARPOL 06.01.2040 | 2.31% |
| ALBUQUERQUE BERNALILLO CNTY WTR UTIL AUTH N MEX JT WTR & SWR SYS REV 5% | NM.ALBUTL 5 07.01.2032 | 2.27% |
| GUAM PWR AUTH REV 5% | GU.GMSPWR 5 10.01.2042 | 2.05% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 31, 2025 | $0.02788 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02879 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02843 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02834 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02746 | Jun 30, 2025 |
| May 30, 2025 | $0.02707 | May 30, 2025 |