Thornburg Limited-Term Muni Inst

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 its 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.

Key stats

Management firm  Thornburg
Domicile  United States
Fund Administrator  Thornburg Investment Management, Inc.
Global Branding Name  Thornburg
12 month yield  2.05%
Fund currency  USD
Launch Date  1996-07-05
ISIN  US8852154348
SEDOL  B5SM4J9
Manager 1 Name  Josh Gonze
Manager 2 Name  Christopher Ryon
Fund Strategy  Muni National Short
Benchmark  BofAML Municipals 1-10Y TR USD
Fund Structure  Open Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-11-30
Return - 1 Month  0.02%
Return - 2 Months  0.32 %
Return - 3 Months  0.20%
Return - 6 Months  1.05 %
Return - 9 months  1.72 %
Return - 12 Months  3.21%
Annualized return 24 months  1.43 %
Annualized return 36 months  2.73 %
Annualized return 48 months  3.22 %
Annualized return 60 months  3.43 %
Return 120 months  3.73 %
Annualized return since Inception  4.24%
Return YTD  3.38%

Ratings

Morning Star Rating Date   2014-11-30
Morning Star Rating - 36 Months  fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating
Morning Star Rating - 60 Months  fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating
Morning Star Rating - 120 Months  fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating
Morning Star Rating - Overall  fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating

Charges

Initial  0.00 %
Minimum Investment  $2,500,000
Maximum Managment Charge  0.50 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  Thornburg Investment Management
Contact Address 2  2300 North Ridgetop Road
Contact Address 3  Santa Fe, NM
Contact city  Santa Fe
Contact country  United States
Fund Admin Group  Thornburg
Web Address  www.thornburg.com
Custodian  State Street Bank & Trust Co
Phone  +1 8008470200

Price

Last Price Date  2014-12-24
Pre-tax nav  14.53
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $-0.01
Price change (percentage)  -0.07 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

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Ratings Disclaimer

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