Mutual Fund Insights: Thornburg NM Intermediate Municipal I Fund (THNIX)

In-depth Analysis of Thornburg NM Intermediate Municipal I Fund (THNIX)

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See Thornburg NM Intermediate Municipal I Fund (THNIX) performance details as of February 28, 2010

  

Last Trade: $13.56 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Josh Gonze

Fund Manager Tenure: 3.1 years   [Similar Funds: THNDX  THNMX ]
Fundmojo Fund Grade: A (Score: 0.76)     (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 NM Intermediate Municipal I Fund (THNIX)

Data for Thornburg NM Intermediate Municipal I Fund (THNIX) as of February 28, 2010

• Thornburg NM Intermediate Municipal I Fund (THNIX) management has been with Thornburg NM Intermediate Municipal I Fund for 3.1 years
• Thornburg NM Intermediate Municipal I Fund (THNIX) has good mid-term performance (3-year return 4.92% vs 3.70 % Muni Single State Interm category average)
• Thornburg NM Intermediate Municipal I Fund (THNIX) has good Long-term performance (5-year return 4.15% vs 3.50 % Muni Single State Interm category average)
• Thornburg NM Intermediate Municipal I Fund (THNIX) ratio of up-years vs down years is greater than 2
• Thornburg NM Intermediate Municipal I Fund (THNIX) has a Morningstar rating of 4 and above
• Thornburg NM Intermediate Municipal I Fund (THNIX) has an annual stock turnover rate of 14.12% vs Muni Single State Interm average of 22.23%. It is good that Thornburg NM Intermediate Municipal I management does not trade extensively for its return.
• Thornburg NM Intermediate Municipal I Fund (THNIX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.55, lower than category average of 5.56
• Thornburg NM Intermediate Municipal I Fund (THNIX) has a lower management fee than its Muni Single State Interm average: 0.62% vs 0.93%
• Thornburg NM Intermediate Municipal I Fund (THNIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Thornburg NM Intermediate Municipal I Fund (THNIX)

Data for Thornburg NM Intermediate Municipal I Fund (THNIX) as of February 28, 2010

• Thornburg NM Intermediate Municipal I Fund (THNIX) has a less-than-ideal short-term performance (1-year return 7.65% vs 8.37 % Muni Single State Interm category average)

See Thornburg NM Intermediate Municipal I Fund (THNIX) performance details as of February 28, 2010

  

  

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Thornburg NM Intermediate Municipal I Fund (THNIX) Net Asset

Track net asset change of Thornburg NM Intermediate Municipal I fund (THNIX)

Date	Net Asset
02/2010	$234.40M
01/2010	$27.56M
11/2009	$27.33M

More historic net asset information on Thornburg NM Intermediate Municipal I Fund (THNIX)

  

Thornburg NM Intermediate Municipal I Fund (THNIX) Portfolio Allocation

Track portfolio allocation change of Thornburg NM Intermediate Municipal I fund (THNIX)

Date	Cash	Stock	Bond	Other
11/2009	4.9%	0%	95.1%	0%
09/2009	4.35%	0%	95.65%	0%
08/2009	2.05%	0%	97.95%	0%

Click here to see more historic asset allocation information on Thornburg NM Intermediate Municipal I Fund (THNIX)

  

Most Recent Top 10 Holdings in Thornburg NM Intermediate Municipal I Fund (THNIX)

Discover what Thornburg NM Intermediate Municipal I Fund (THNIX) manager is buying

30-Nov-09 New Mexico Fin Auth 5% [3.23%] Sandoval Cnty N Mex Incentive Ref Go 5% [2.94%] New Mexico St Hosp Equip Ln Co Rev Bd 6% [2.87%] Farmington N Mex Util Sys Rev Util Sy 5% [2.81%] Virgin Islands Pub Fin Auth 6.625% [2.3%] Bernalillo Cnty N Mex Gross Rc Ref 5.25% [2%] FARMINGTON N MEX POLLUTN CTL R POLLUTN C [1.96%] Albuquerque N Mex Arpt Rev Sub Lien 5.5% [1.93%] Bernalillo Cnty N Mex Gross Rc Ref 5.25% [1.64%] Gallup N Mex Pollution Ctl Rev Rev Re 5% [1.59%]

30-Sep-09 New Mexico Fin Auth 5% [3.27%] Sandoval Cnty N Mex Incentive Ref Go 5% [2.96%] New Mexico St Hosp Equip Ln Co Rev Bd 6% [2.92%] Farmington N Mex Util Sys Rev Util Sy 5% [2.8%] Virgin Islands Pub Fin Auth 6.625% [2.32%] Bernalillo Cnty N Mex Gross Rc Ref 5.25% [2.07%] FARMINGTON N MEX POLLUTN CTL R POLLUTN C [1.95%] Albuquerque N Mex Arpt Rev Sub Lien 5.5% [1.91%] Bernalillo Cnty N Mex Gross Rc Ref 5.25% [1.69%] Gallup N Mex Pollution Ctl Rev Rev Re 5% [1.6%]

31-Aug-09 New Mexico Fin Auth 5% [3.3%] Sandoval Cnty N Mex Incentive Ref Go 5% [3.01%] New Mexico St Hosp Equip Ln Co Rev Bd 6% [2.95%] Farmington N Mex Util Sys Rev Util Sy 5% [2.91%] Virgin Islands Pub Fin Auth 6.625% [2.29%] Farmington N Mex Pollutn Ctl R Pollutn C [2.03%] Bernalillo Cnty N Mex Gross Rc Ref 5.25% [2.03%] Albuquerque N Mex Arpt Rev Sub Lien 5.5% [1.96%] Bernalillo Cnty N Mex Gross Rc Ref 5.25% [1.67%] Gallup N Mex Pollution Ctl Rev Rev Re 5% [1.6%]

Click here for Stock Holding Change Map in Thornburg NM Intermediate Municipal I Fund (THNIX)

  

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Latest News on Thornburg NM Intermediate Municipal I (THNIX)

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See more information on Thornburg NM Intermediate Municipal I Fund (THNIX)

• Thornburg NM Intermediate Municipal I Fund Insights
• Thornburg NM Intermediate Municipal I Fund Performance Data
• Thornburg NM Intermediate Municipal I Fund News
• Thornburg NM Intermediate Municipal I Fund Score Explaination
• Thornburg NM Intermediate Municipal I Fund Manager Information
• Historic Thornburg NM Intermediate Municipal I Fund Asset Allocation Report
• Historic Thornburg NM Intermediate Municipal I Fund Top 10 Holding Tracking
• Historic Thornburg NM Intermediate Municipal I Fund Asset Under Management Tracking