Thornburg NM Intermediate Municipal A (THNMX)
| Fund Assets | 88.14M |
| Expense Ratio | 0.99% |
| Min. Investment | $5,000 |
| Turnover | 19.49% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 2.79% |
| Dividend Growth | 11.66% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 12.41 |
| YTD Return | 1.77% |
| 1-Year Return | 1.53% |
| 5-Year Return | 0.75% |
| 52-Week Low | 11.96 |
| 52-Week High | 12.53 |
| Beta (5Y) | n/a |
| Holdings | 100 |
| 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.
Performance
THNMX had a total return of 1.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.38%.
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 | $0.03102 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03092 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02995 | Jun 30, 2025 |
| May 30, 2025 | $0.02964 | May 30, 2025 |
| Apr 30, 2025 | $0.02988 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02932 | Mar 31, 2025 |