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Thornburg Intermediate Municipal A (THIMX)

14.19 Up 0.01(0.07%) Sep 16

Profile as of Aug 30, 2014Get Profile for:
Thornburg Intermediate Municipal A
2300 North Ridgetop Road
Map
Phone: 800-847-0200
Fund Overview 
Category:Muni National Interm
Fund Family:Thornburg
Net Assets:1.15B
Year-to-Date Return:5.56%
Yield:2.39%
Morningstar Rating:3 stars
Fund Inception Date:Jul 23, 1991
Morningstar Style Box 
Muni National Interm
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Management Information 
George Strickland
Lead Manager since Jul 23, 1991
George Strickland Co-Portfolio Manager and Managing Director BA, Davidson College MBA, University of Maryland George 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. George joined Thornburg Investment Management as an associate portfolio manager in 1991, and was elected managing director in 1996. Prior to joining Thornburg, George began his financial career with the Calvert Group and has his BA in Economics from Davidson College and his MBA in Finance from the University of Maryland
Investment Information 
Min Initial Investment:5,000
Min Initial Investment, IRA:2,000
Min Initial Investment, AIP:5,000
Min Subsequent Investment:100
Min Subsequent Investment, IRA:100
Min Subsequent Investment, AIP:100
THIMX can be purchased from 89 brokerages.

Fund Summary 
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.

Fund Operations 
Last Dividend (Aug 28, 2014) : 0.03
Last Cap Gain : 0.00
Annual Holdings Turnover (Sep 14, 2014) : 29.18%
Average for Category:32.28%
Fees & Expenses 
ExpenseTHIMXCategory Avg
Annual Report Expense Ratio (net):0.92%0.79%
Prospectus Net Expense Ratio:0.92%N/A
Prospectus Gross Expense Ratio:0.92%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:2.00%3.34%
Max Deferred Sales Load: N/A1.92%
3 Yr Expense Projection*:487393
5 Yr Expense Projection*:699612
10 Yr Expense Projection*:1,3091,229
* Per $10,000 invested