Mutual Fund Insights: Thornburg Limited-Term Muni A Fund (LTMFX)

In-depth Analysis of Thornburg Limited-Term Muni A Fund (LTMFX)

3 months 6 months 1 year 3 year 5 year

See Thornburg Limited-Term Muni A Fund (LTMFX) performance details as of February 28, 2010

  

Last Trade: $14.04 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Josh Gonze

Fund Manager Tenure: 3.1 years   [Similar Funds: LTMCX  LTMIX ]
Fundmojo Fund Grade: A (Score: 0.7)     (What does this score mean?)

Josh Gonze is a managing director and co- portfolio manager for Thornburg Municipal Bond Strategies. Josh Gonze is responsible for credit analysis for new bond transactions, monitoring credit quality within the portfolios, and evaluation of sector-wide credit trends. His scope of activity includes assessment of industry, business, and financial risk, including calculation of financial and operating ratios. Josh Gonze also assists in trading bonds for both the mutual funds and private accounts.  Get more insights on Josh Gonze

  

 What we like about Thornburg Limited-Term Muni A Fund (LTMFX)

Data for Thornburg Limited-Term Muni A Fund (LTMFX) as of February 28, 2010

• Thornburg Limited-Term Muni A Fund (LTMFX) management has been with Thornburg Limited-Term Muni A Fund for 3.1 years
• Thornburg Limited-Term Muni A Fund (LTMFX) has good short-term performance (1-year return 7.45% vs 4.82 % Muni National Short category average)
• Thornburg Limited-Term Muni A Fund (LTMFX) has good mid-term performance (3-year return 4.79% vs 3.45 % Muni National Short category average)
• Thornburg Limited-Term Muni A Fund (LTMFX) has good Long-term performance (5-year return 3.89% vs 3.04 % Muni National Short category average)
• Thornburg Limited-Term Muni A Fund (LTMFX) ratio of up-years vs down years is greater than 2
• Thornburg Limited-Term Muni A Fund (LTMFX) has a Morningstar rating of 4 and above
• Thornburg Limited-Term Muni A Fund (LTMFX) has an annual stock turnover rate of 12.18% vs Muni National Short average of 40.25%. It is good that Thornburg Limited-Term Muni A management does not trade extensively for its return.

  

 What we are cautious about Thornburg Limited-Term Muni A Fund (LTMFX)

Data for Thornburg Limited-Term Muni A Fund (LTMFX) as of February 28, 2010

• Thornburg Limited-Term Muni A Fund (LTMFX) is less safe compared to its Muni National Short peers
• Thornburg Limited-Term Muni A Fund (LTMFX) is more volatile than its peers as it has a 3-year Standard Deviation of 3.78 that is higher than category average of 2.59
• Thornburg Limited-Term Muni A Fund (LTMFX) has a higher management fee of 0.86% than its Muni National Short average of 0.84%
• Thornburg Limited-Term Muni A Fund (LTMFX) carries a 1.5% load

See Thornburg Limited-Term Muni A Fund (LTMFX) performance details as of February 28, 2010

  

  

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Thornburg Limited-Term Muni A Fund (LTMFX) Net Asset

Track net asset change of Thornburg Limited-Term Muni A fund (LTMFX)

Date	Net Asset
02/2010	$2.72B
01/2010	$1.20B
11/2009	$1.15B

More historic net asset information on Thornburg Limited-Term Muni A Fund (LTMFX)

  

Thornburg Limited-Term Muni A Fund (LTMFX) Portfolio Allocation

Track portfolio allocation change of Thornburg Limited-Term Muni A fund (LTMFX)

Date	Cash	Stock	Bond	Other
11/2009	4.44%	0%	95.56%	0%
09/2009	4.64%	0%	95.36%	0%
08/2009	6.63%	0%	93.37%	0%

Click here to see more historic asset allocation information on Thornburg Limited-Term Muni A Fund (LTMFX)

  

Most Recent Top 10 Holdings in Thornburg Limited-Term Muni A Fund (LTMFX)

Discover what Thornburg Limited-Term Muni A Fund (LTMFX) manager is buying

30-Nov-09 NEW YORK N Y VAR GO BD [1.22%] Chicago Ill Var Ref G [1.17%] California St Dept Wtr Res Pwr Rev 1.8% [0.91%] Fulton Cnty Ga Facs Corp Ctfs Cops 5.9% [0.75%] Intermountain Pwr Agy Utah Pwr Rev Re 5% [0.69%] San Diego Cnty Calif Regl Tran Var Rev B [0.63%] Burlington Kans Environmental Imp 5.375% [0.56%] MASSACHUSETTS ST TPK AUTH WEST REV BDS [0.56%] Mohave Cnty Ariz Indl Dev Auth 7.25% [0.54%] GAINESVILLE FLA UTILS SYS REV REV BDS [0.53%]

30-Sep-09 Chicago Ill Var Ref G [1.34%] Riverside Cnty Calif Transn Co Sales 5% [0.97%] Fulton Cnty Ga Facs Corp Ctfs Cops 5.9% [0.86%] Intermountain Pwr Agy Utah Pwr Rev Re 5% [0.78%] Massachusetts St Tpk Auth 5.55% [0.72%] San Diego Cnty Calif Regl Tran Var Rev B [0.72%] California St Dept Wtr Res Pwr Rev 1.8% [0.7%] Santa Margarita/Dana Point Aut Re 5.125% [0.67%] Burlington Kans Environmental Imp 5.375% [0.64%] California Statewide Cmntys De Rev Bd 5% [0.63%]

31-Aug-09 Chicago Ill Var Ref G [1.41%] Intermountain Pwr Agy Utah Pwr Rev Re 5% [0.82%] Massachusetts St Tpk Auth 5.55% [0.76%] San Diego Cnty Calif Regl Tran Var Rev B [0.76%] California St Dept Wtr Res Pwr Rev 1.8% [0.74%] Santa Margarita/Dana Point Aut Re 5.125% [0.69%] Mohave Cnty Ariz Indl Dev Auth 7.25% [0.64%] Burlington Kans Environmental Imp 5.375% [0.64%] Central Platte Vy Met Dist 5% [0.63%] California Statewide Cmntys De Rev Bd 5% [0.63%]

Click here for Stock Holding Change Map in Thornburg Limited-Term Muni A Fund (LTMFX)

  

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Latest News on Thornburg Limited-Term Muni A (LTMFX)

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Books and Resources

 

 

See more information on Thornburg Limited-Term Muni A Fund (LTMFX)

• Thornburg Limited-Term Muni A Fund Insights
• Thornburg Limited-Term Muni A Fund Performance Data
• Thornburg Limited-Term Muni A Fund News
• Thornburg Limited-Term Muni A Fund Score Explaination
• Thornburg Limited-Term Muni A Fund Manager Information
• Historic Thornburg Limited-Term Muni A Fund Asset Allocation Report
• Historic Thornburg Limited-Term Muni A Fund Top 10 Holding Tracking
• Historic Thornburg Limited-Term Muni A Fund Asset Under Management Tracking