Performance
Trailing returns
| 1 day | +0.01% |
| |||
| 1 week |
| -0.16% | |||
| 4 week |
| -0.92% | |||
| 3 month |
| -0.43% | |||
| YTD | +0.02% |
| |||
| 1 year | +1.56% |
| |||
| 3 years* | +3.89% |
| |||
| 5 years* | +4.59% |
| |||
| *annualized | |||||
| Best 3 month return | +5.17% | |
| Worst 3 month return | -2.04% |
Morningstar statistics
Morningstar category: Muni National Short
| Return | Risk | Rating | |
| 3 years | High | Above Average |
|
| 5 years | High | Above Average |
|
| 10 years | High | Above Average |
|
| Overall | High | Above Average |
|
Key statistics
| Total assets | 6.69B | |
| Front load | - | |
| Deferred load | - | |
| Expense ratio | 0.39% | |
| Management fee | - | |
| Fund family | Thornburg |
Asset allocation
| Cash | 10.71% | |
| Stocks | 0.00% | |
| Bonds | 89.29% | |
| Other | 0.00% |
Purchase information
| Initial | US$2,500,000 | |
| Additional | US$100 | |
| AIP Initial | US$2,500,000 | |
| AIP Additional | US$100 |
14.520.00(0.00%)
Jun 17, 4:00PM EDT
Overall Morningstar RatingTM
Description
The investment seeks 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 longer intermediate and long-term bond portfolios. The fund normally invests 100% of assets in municipal obligations. It invests in a laddered maturity portfolio of municipal obligations issued by states and state agencies, local governments and their agencies and by certain United States territories and possessions.
Fund filings (PDF) »
Fund filings (PDF) »
Asset managers:
Josh Gonze (Started: Feb 1, 2007)
Christopher Ihlefeld (Started: Feb 1, 2007)
Christopher Ryon (Started: Feb 1, 2011)
Josh Gonze (Started: Feb 1, 2007)
Christopher Ihlefeld (Started: Feb 1, 2007)
Christopher Ryon (Started: Feb 1, 2011)
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | 0.40 | 0.92 | 1.03 | 0.23 | |
| Beta* | 0.48 | 0.54 | 0.60 | 0.57 | |
| Mean annual return | 0.16 | 0.33 | 0.38 | 0.30 | |
| R-squared* | 93.53 | 89.38 | 85.19 | 86.77 | |
| Standard deviation | 1.62 | 2.23 | 3.09 | 2.74 | |
| Sharpe ratio | 1.14 | 1.71 | 1.37 | 0.69 | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| New York St Dorm Auth 5% | 1.11% | |
| Indiana St Fin Auth | 0.87% | |
| Oklahoma Dev Fin Auth | 0.75% | |
| Denver Colo City & Cnty Ctfs P Var Ref C | 0.65% | |
| New York N Y City Mun Wtr Fin Var Rev B | 0.55% | |
| Murray City Utah Hosp Rev Var Rev B | 0.52% | |
| Chicago Ill Brd Ed Var Ref B | 0.49% | |
| California Statewide Cmntys De Rev Bd 5% | 0.49% | |
| New York N Y City Transitional Adj Rev B | 0.49% | |
| Metropolitan Transn Auth 5% | 0.45% |