3 / 5 Stars
4 4 4 1 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
#29 in Muni National Interm
U.S. News evaluated 83 Muni National Interm Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 5.06 percent over the past year, 4.75 percent over the past three years, 5.38 percent over the past five years, and 4.21 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||4.3%|
|3 Years (Annualized)||4.7%|
|5 Years (Annualized)||5.4%|
|10 Years (Annualized)||4.2%|
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 long-term bond portfolios. The fund normally invests 100% of its assets in municipal obligations. It invests principally 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.
Fees are Low compared to funds in the same category.
Thornburg Intermediate Municipal Fund has an expense ratio of 0.92 percent.
Risk is Average compared to funds in the same category according to Morningstar.