3 / 5 Stars
2 2 4 1 4
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#41 in Muni Single State Interm
U.S. News evaluated 72 Muni Single State 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 -0.93 percent over the past year, 2.37 percent over the past three years, 4.64 percent over the past five years, and 3.41 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-1.1%|
|3 Years (Annualized)||2.4%|
|5 Years (Annualized)||4.6%|
|10 Years (Annualized)||3.4%|
The investment seeks to obtain as high a level of current income exempt from federal and New Mexico state individual income taxes as is consistent 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 invests at least 80% of its assets in municipal obligations originating in New Mexico which are exempt from New Mexico and regular federal income taxes, and normally invests 100% of its assets in municipal obligations originating in New Mexico or issued by United States territories or possessions. It is non-diversified.
Fees are Below Average compared to funds in the same category.
Thornburg New Mexico Intermediate Municipal Fund has an expense ratio of 0.95 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.