Thornburg New Mexico Intermediate Municipal Fund Class A (THNMX)

Fund Assets	78.63M
Expense Ratio	0.922%
Min. Investment	$5,000
Turnover	n/a
Dividend (ttm)	0.37
Dividend Yield	3.06%
Dividend Growth	3.36%
Payout Frequency	Monthly
Ex-Dividend Date	Oct 30, 2026

Previous Close	12.07
YTD Return	-0.49%
1-Year Return	-0.09%
5-Year Return	2.81%
52-Week Low	11.58
52-Week High	12.56
Beta (5Y)	0.03
Holdings	110
Inception Date	Jun 21, 1991

About THNMX

Thornburg New Mexico Intermediate Municipal Fund Class A is an actively managed municipal bond mutual fund focused on delivering tax-exempt income for New Mexico residents while emphasizing capital preservation. The portfolio primarily invests in investment-grade debt issued by New Mexico state and local entities that finance public projects such as infrastructure, education, and essential services, with income generally exempt from federal and New Mexico state individual income taxes. The strategy targets an intermediate interest-rate profile, aligning with a category that typically maintains durations of roughly four to six years, balancing income generation with moderate interest-rate risk. Management employs fundamental credit research and diversification across sectors within the state’s municipal market to manage credit quality and liquidity considerations, while benchmarking against broad municipal indexes to evaluate results. Within the municipal bond landscape, the fund serves investors seeking state-specific tax efficiency and a stable income stream from high-quality issuers, positioned as a core, tax-aware allocation in a fixed income portfolio centered on New Mexico municipal securities.

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

Performance

THNMX had a total return of -0.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.34%.

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	$0.03285	Oct 30, 2026
Sep 30, 2026	$0.03178	Sep 30, 2026
Aug 31, 2026	$0.03104	Aug 31, 2026
Jul 31, 2026	$0.03093	Jul 31, 2026
Jun 30, 2026	$0.03081	Jun 30, 2026
May 29, 2026	$0.03058	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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