Thornburg New Mexico Intermediate Municipal Fund Class D (THNDX)

Fund Assets	78.63M
Expense Ratio	1.198%
Min. Investment	$5,000
Turnover	n/a
Dividend (ttm)	0.35
Dividend Yield	2.86%
Dividend Growth	5.44%
Payout Frequency	Monthly
Ex-Dividend Date	Oct 30, 2026

Previous Close	12.08
YTD Return	-0.65%
1-Year Return	-0.21%
5-Year Return	1.68%
52-Week Low	11.59
52-Week High	12.57
Beta (5Y)	0.18
Holdings	110
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.

• Fund Family: Thornburg
• Category: Muni Single State Interm
• Performance Rating: Below Average
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: THNDX
• Share Class: - Class D
• Index: Index is not available on Lipper Database

Performance

THNDX had a total return of -0.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.51%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
THNIX	- Class I	0.67%
THNMX	- Class A	0.92%
THNDX	- Class D	1.17%

Top 10 Holdings

26.80% of assets

Name	Symbol	Weight
NEW MEXICO MUN ENERGY ACQUISITION AUTH GAS SUPPLY REV 5%	NM.NMSPWR 06.01.2054	4.57%
NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 4%	NM.NMSMED 4 08.01.2037	3.24%
LOS RANCHOS DE ALBUQUERQUE NEW MEXICO EDL FACS REV 4%	NM.LSREDU 4 09.01.2040	3.00%
FARMINGTON N MEX POLLUTN CTL REV 3.9%	NM.FARPOL 06.01.2040	2.67%
NEW MEXICO FIN AUTH ST TRANSN REV 5%	NM.NMSTRN 5 06.15.2041	2.59%
United States Treasury Bills 3.6261%	B.0 09.01.26	2.51%
FARMINGTON N MEX POLLUTN CTL REV 3.875%	NM.FARPOL 06.01.2040	2.47%
GUAM PWR AUTH REV 5%	GU.GMSPWR 5 10.01.2042	2.16%
NEW MEXICO MTG FIN AUTH 4.55%	NM.NMSHSG 4.55 09.01.2043	1.81%
NEW MEXICO MTG FIN AUTH 4.6%	NM.NMSHSG 4.6 09.01.2044	1.79%

Dividend History

Ex-Dividend	Amount	Pay Date
Oct 30, 2026	$0.03034	Oct 30, 2026
Sep 30, 2026	$0.03012	Sep 30, 2026
Aug 31, 2026	$0.02928	Aug 31, 2026
Jul 31, 2026	$0.02914	Jul 31, 2026
Jun 30, 2026	$0.02896	Jun 30, 2026
May 29, 2026	$0.02879	May 29, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Nov 5, 2026

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