Thornburg NM Intermediate Municipal I (THNIX)
| Fund Assets | 88.14M |
| Expense Ratio | 0.67% |
| Min. Investment | $2,500,000 |
| Turnover | 19.49% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.20% |
| Dividend Growth | 10.32% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 12.25 |
| YTD Return | 0.89% |
| 1-Year Return | 1.06% |
| 5-Year Return | 1.52% |
| 52-Week Low | 11.95 |
| 52-Week High | 12.52 |
| Beta (5Y) | n/a |
| Holdings | 100 |
| Inception Date | Feb 1, 2007 |
About THNIX
Thornburg New Mexico Intermediate Municipal Fund Class I is an actively managed municipal bond mutual fund focused on providing tax‑exempt income while seeking capital preservation. The portfolio invests primarily in investment‑grade municipal securities issued by New Mexico state and local entities, financing public projects such as infrastructure, education, and essential services. According to the sponsor, the strategy emphasizes high credit quality and an intermediate interest‑rate profile, aligning with a benchmark of broad U.S. municipal bonds and targeting a balance between income stability and interest‑rate sensitivity. Morningstar categorizes the vehicle within muni single‑state intermediate funds, which typically maintain durations of roughly four to six years and concentrate holdings in one state to enhance state tax benefits for residents. The fund maintains a diversified lineup of dozens of holdings and a modest asset base, reflecting its targeted, state‑specific mandate. Class I shares represent an institutional pricing tier of the same strategy, sharing the investment objective and research platform while differing by fee structure from other share classes offered under the fund family.
Performance
THNIX had a total return of 1.06% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.46%.
Top 10 Holdings
29.52% of assets| Name | Symbol | Weight |
|---|---|---|
| BERNALILLO CNTY N MEX GROSS RCPTS TAX REV 5.25% | NM.BERGEN 5.25 10.01.2025 | 4.43% |
| NEW MEXICO FIN AUTH REV 4% | NM.NMSGEN 4 06.01.2034 | 4.37% |
| NEW MEXICO MUN ENERGY ACQUISITION AUTH GAS SUPPLY REV 5% | NM.NMSPWR 06.01.2054 | 3.36% |
| NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 4% | NM.NMSMED 4 08.01.2037 | 3.04% |
| LOS RANCHOS DE ALBUQUERQUE NEW MEXICO EDL FACS REV 4% | NM.LSREDU 4 09.01.2040 | 2.87% |
| FARMINGTON N MEX POLLUTN CTL REV 3.9% | NM.FARPOL 06.01.2040 | 2.46% |
| NEW MEXICO ST UNIV REVS 5% | NM.NMSHGR 5 04.01.2036 | 2.35% |
| FARMINGTON N MEX POLLUTN CTL REV 3.875% | NM.FARPOL 06.01.2040 | 2.34% |
| ALBUQUERQUE BERNALILLO CNTY WTR UTIL AUTH N MEX JT WTR & SWR SYS REV 5% | NM.ALBUTL 5 07.01.2032 | 2.29% |
| GUAM PWR AUTH REV 5% | GU.GMSPWR 5 10.01.2042 | 2.02% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03432 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03421 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03315 | Jun 30, 2025 |
| May 30, 2025 | $0.03294 | May 30, 2025 |
| Apr 30, 2025 | $0.03309 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03267 | Mar 31, 2025 |