Address And Details

2300 North Ridgetop Road , Santa Fe, NM 87506
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The primary investment goal of Intermediate Municipal Fund is to obtain as high a level of current income exempt from federal individual income tax as is consistent, in the view of the Fund s investment advisor, with preservation of capital. The secondary goal of the Fund is to reduce expected changes in its share price compared to long-term bond portfolios. The Fund pursues its primary goal by investing principally in a laddered maturity portfolio of municipal obligations issued by states and state agencies, local governments and their agencies, and by united States territories and possessions. Thornburg Investment Management, Inc. ( Thornburg ) actively manages the Fund s portfolio. Investment decisions are based upon outlooks for interest rates and securities markets, the supply of municipal debt obligations, and analysis of specific securities. The Fund invests in obligations and participations in obligations which are rated by a nationally recognized statistical rating organization at the time of purchase as investment grade or, if unrated, are issued by obligors which Thornburg determines have comparable investment grade obligations outstanding or which are deemed by Thornburg to be comparable to obligors with outstanding investment grade obligations. Participations are undivided interests in pools of securities where the underlying credit support passes through to the participants. The Fund s portfolio is laddered by investing in obligations of different maturities so that some obligations mature during each of the coming years.

Net Asset Value

as of 5:45 PM ET 10/20/2021

Performance

  • 1 Week
  • -0.14%
  • 1 Month
  • -0.97%
  • 3 Months
  • -1.58%
  • 1 Yr Return
  • +0.07%
  • 5 Yr Return
  • -0.28%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 98.36%
Other 1.64%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 327.92 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.67 -0.78 -0.72
Beta 0.85 0.83 0.83
R Squared 0.97 0.98 0.97
Std Deviation 3.44 3.30 3.04
Sharpe Ratio 0.81 0.32 n/a

Purchase Information

as of 5:48 PM ET 10/14/2021
Minimum Initial $5000
Minimum Additional $100
Minimum Initial IRA $2000

Performance

Timeframe Average Annual Current Performance Monthly As Of 09/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 09/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +2.16%
  • +2.16%
+2.16% +2.16%
3 Year
  • +3.75%
  • +3.75%
+3.75% +3.75%
10 Year
  • +2.92%
  • +2.92%
+2.92% +2.92%
Life Of Fund
  • +4.47%
  • +4.47%
+4.47% +4.47%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

LATEST NEWS

Recent Articles from TheStreet

Portillo's Lead

Portillo's Stock Cookin' After Chicago Restaurant Chain's IPO

Shares of Portillo's, which started as a hot-dog stand and now operates 67 restaurants in nine states, jumped after the Chicago chain went public.

videoblocks-world-crypto-currency-business-human-hand-quickly-put-pile-of-gold-bitcoin-dash-and-ethereum-coins-on-dollar-banknotes-modern-digital-blockchain-technology-bitcoin-mining-and-conversion_b_1ewykex_1080__D

Fed Gov. Chris Waller Dubious of Digital Dollar

He said it would put the Fed in competition with the banking system. Congress should have say on a digital currency, Waller said.

Google Fights Accusations of Gender-Based Pay Discrimination

Alphabet Halves Initial Subscription Commission at Its App Store

Alphabet's Google currently charges third-party subscription services a 30% fee for the first year, then 15% afterward.

Amazon Lead

Amazon Workers in Staten Island, NY, Seeking Vote to Unionize

Some 2,000 Amazon workers in the New York City borough of Staten Island are petitioning the NLRB to enable a union a vote.

Former US President Donald Trump signed an executive order in November that bars American investors from owning the stocks of 35 companies with purported ties to the Chinese military. Photo: AFP

Trump's New Social Media Network 'TRUTH' Knocked Offline: Reports

Trump's social media network defaced within hours of its announcement.

home-depot-and-infineon-technologies---earnings-round-up

Home Depot, Lowe's Can Handle Supply Disruption: Bank of America

'In a supply-constrained environment, we maintain that bigger is better for retail,' wrote Bank of America analyst Elizabeth Suzuki.

IBM Office Headquarters Lead

5 Top Stock Decliners for Thursday: IBM, PayPal, Krispy Kreme

IBM, PayPal, Krispy Kreme, Nucor and T-Mobile are five stocks that fell on Thursday.

Peter Schiff on AT&T-Time Warner: Let Companies Merge

It’s Time to Buy Verizon, but What About AT&T?

AT&T stock is trading lower after earnings and dropping back below its COVID low from 2020. Here's how we're trading it now.

Beijing Calls Out Amazon, ByteDance, NetEase For Violating Users' Rights In Latest Crackdown

Amazon Enables In-Store Pickup for Third-Party Sales

Amazon enabled third-party sellers to offer products on the site and then deliver the products themselves or let buyers pick them up in the sellers' stores..

US Takes New Step On Delisting Chinese Companies From Stock Exchanges For Audit Violations

S&P Closes at Record High in Earnings-Driven Rally; Tesla Boosts Nasdaq

The S&P finishes at a record high and the Dow closes the gap due to strong earnings reports.