Mutual Fund Insights: Thornburg NY Intermediate Municipal A Fund (THNYX)

In-depth Analysis of Thornburg NY Intermediate Municipal A Fund (THNYX)

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See Thornburg NY Intermediate Municipal A Fund (THNYX) performance details as of January 31, 2010

  

Last Trade: $12.57 on 3/16/2010, Change: -0.01 (-0.08%)

  

Fund Manager - George Strickland

Fund Manager Tenure: 12.5 years
Fundmojo Fund Grade: B (Score: 0.64)     (What does this score mean?)

Strickland is a managing director and co-portfolio manager of the Thornburg Municipal Bond Strategies and Thornburg Strategic Income Fund. He is responsible for overseeing the research, trading, and strategic positioning of municipal bond portfolios. Thornburg Municipal Bond Strategies have won a number of awards from independent rating services. They include two national funds, three single state funds, and numerous separate accounts.  Get more insights on George Strickland

  

 What we like about Thornburg NY Intermediate Municipal A Fund (THNYX)

Data for Thornburg NY Intermediate Municipal A Fund (THNYX) as of January 31, 2010

• Thornburg NY Intermediate Municipal A Fund (THNYX) management has been with Thornburg NY Intermediate Municipal A Fund for 12.5 years
• Thornburg NY Intermediate Municipal A Fund (THNYX) has good mid-term performance (3-year return 4.26% vs 3.72% Muni New York Interm/Short category average)
• Thornburg NY Intermediate Municipal A Fund (THNYX) has good Long-term performance (5-year return 3.49% vs 3.18% Muni New York Interm/Short category average)
• Thornburg NY Intermediate Municipal A Fund (THNYX) ratio of up-years vs down years is greater than 2
• Thornburg NY Intermediate Municipal A Fund (THNYX) has an annual stock turnover rate of 13.00% vs Muni New York Interm/Short average of 34.87%. It is good that Thornburg NY Intermediate Municipal A management does not trade extensively for its return.
• Thornburg NY Intermediate Municipal A Fund (THNYX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.53, lower than category average of 5.22

  

 What we are cautious about Thornburg NY Intermediate Municipal A Fund (THNYX)

Data for Thornburg NY Intermediate Municipal A Fund (THNYX) as of January 31, 2010

• Thornburg NY Intermediate Municipal A Fund is a focused fund with 30.85% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Thornburg NY Intermediate Municipal A Fund (THNYX) has a less-than-ideal short-term performance (1-year return 4.78% vs 7.16% Muni New York Interm/Short category average)
• Thornburg NY Intermediate Municipal A Fund (THNYX) has a Morningstar rating of 3 and below
• Thornburg NY Intermediate Municipal A Fund (THNYX) is less safe compared to its Muni New York Interm/Short peers
• Thornburg NY Intermediate Municipal A Fund (THNYX) has a higher management fee of 0.99% than its Muni New York Interm/Short average of 0.97%
• Thornburg NY Intermediate Municipal A Fund (THNYX) carries a 2% load

See Thornburg NY Intermediate Municipal A Fund (THNYX) performance details as of January 31, 2010

  

  

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Thornburg NY Intermediate Municipal A Fund (THNYX) Net Asset

Track net asset change of Thornburg NY Intermediate Municipal A fund (THNYX)

Date	Net Asset
01/2010	$41.78M
11/2009	$40.18M
10/2009	$39.78M

More historic net asset information on Thornburg NY Intermediate Municipal A Fund (THNYX)

  

Thornburg NY Intermediate Municipal A Fund (THNYX) Portfolio Allocation

Track portfolio allocation change of Thornburg NY Intermediate Municipal A fund (THNYX)

Date	Cash	Stock	Bond	Other
11/2009	2.03%	0%	97.97%	0%
09/2009	2.11%	0%	97.89%	0%
08/2009	5.4%	0%	94.6%	0%

Click here to see more historic asset allocation information on Thornburg NY Intermediate Municipal A Fund (THNYX)

  

Most Recent Top 10 Holdings in Thornburg NY Intermediate Municipal A Fund (THNYX)

Discover what Thornburg NY Intermediate Municipal A Fund (THNYX) manager is buying

30-Nov-09 Triborough Brdg & Tunl Auth 5% [3.83%] New York St Dorm Auth 5.5% [3.61%] Virgin Islands Wtr & Pwr Auth 5.5% [3.43%] Hempstead Town N Y Indl Dev Ag Rev Re 5% [3.03%] Metropolitan Transn Auth 6.25% [2.9%] Dutchess Cnty N Y Indl Dev Agy Rev Bd 5% [2.83%] New York St Dorm Auth 5% [2.83%] New York St Dorm Auth 5% [2.82%] New York St Dorm Auth 5.5% [2.79%] New York N Y City Transitional Rev Bd 5% [2.78%]

30-Sep-09 Triborough Brdg & Tunl Auth 5% [4%] New York St Dorm Auth 5.5% [3.7%] Virgin Islands Wtr & Pwr Auth 5.5% [3.47%] Hempstead Town N Y Indl Dev Ag Rev Re 5% [3.05%] Metropolitan Transn Auth 6.25% [3%] Dutchess Cnty N Y Indl Dev Agy Rev Bd 5% [2.96%] New York N Y City Transitional Rev Bd 5% [2.94%] New York St Urban Dev Corp Rev Svc 5.25% [2.92%] New York St Dorm Auth 5% [2.91%] New York N Y City Transitional Ref Bd 5% [2.89%]

31-Aug-09 Triborough Brdg & Tunl Auth 5% [3.83%] New York St Dorm Auth 5.5% [3.65%] Virgin Islands Wtr & Pwr Auth 5.5% [3.45%] Hempstead Town N Y Indl Dev Ag Rev Re 5% [3.04%] Dutchess Cnty N Y Indl Dev Agy Rev Bd 5% [2.88%] Metropolitan Transn Auth 6.25% [2.87%] New York St Dorm Auth 5% [2.84%] New York St Dorm Auth 5.5% [2.82%] New York St Dorm Auth 5% [2.81%] New York N Y City Transitional Ref Bd 5% [2.81%]

Click here for Stock Holding Change Map in Thornburg NY Intermediate Municipal A Fund (THNYX)

  

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See more information on Thornburg NY Intermediate Municipal A Fund (THNYX)

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