Thornburg New York Intermediate Municipal Bond Fund (THNYX)
The investment seeks to obtain as high a level of current income exempt from federal, New York State and New York City individual income taxes as is consistent with preservation of capital; to reduce expected changes in its share price compared to long-term bond portfolios is the secondary objective. The fund pursues its primary goal by investing principally in a laddered maturity portfolio of municipal obligations issued by New York State and its agencies, and by New York State local governments and their agencies. It may invest up to 20% of its assets in taxable securities.
Fund Info
US8852156657
885215665
Sep 4, 1997
$5,000
Expense Ratio
THNYX has a high expense ratio of 0.99%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Thornburg New York Intermediate Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Thornburg New York Intermediate Municipal Bond Fund had a return of 0.50% year-to-date (YTD) and 2.11% in the last 12 months. Over the past 10 years, Thornburg New York Intermediate Municipal Bond Fund had an annualized return of 1.27%, while the S&P 500 had an annualized return of 11.31%, indicating that Thornburg New York Intermediate Municipal Bond Fund did not perform as well as the benchmark.
THNYX
0.50%
0.84%
0.51%
2.11%
0.40%
1.27%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of THNYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.50% | 0.50% | |||||||||||
| 2024 | -0.37% | 0.07% | 0.14% | -0.51% | -0.27% | 1.09% | 0.58% | 0.58% | 0.50% | -0.98% | 1.17% | -0.91% | 1.05% |
| 2023 | 1.61% | -1.21% | 1.20% | -0.07% | -0.48% | 0.54% | 0.29% | -0.70% | -1.63% | -0.54% | 4.06% | 1.75% | 4.77% |
| 2022 | -2.11% | -0.30% | -2.48% | -1.63% | 1.01% | -0.80% | 1.51% | -1.40% | -1.75% | -0.25% | 2.25% | 0.27% | -5.64% |
| 2021 | 0.38% | -1.21% | 0.31% | 0.63% | 0.14% | 0.15% | 0.68% | -0.25% | -0.78% | -0.24% | 0.47% | 0.07% | 0.34% |
| 2020 | 1.48% | 1.01% | -2.94% | -1.47% | 2.71% | 0.71% | 1.09% | -0.61% | -0.07% | -0.39% | 1.17% | 0.38% | 3.00% |
| 2019 | 0.60% | 0.37% | 0.90% | 0.20% | 0.97% | 0.27% | 0.64% | 1.03% | -0.81% | 0.02% | 0.10% | 0.17% | 4.56% |
| 2018 | -0.66% | -0.26% | -0.12% | -0.27% | 0.59% | 0.36% | 0.12% | 0.05% | -0.50% | -0.51% | 0.69% | 0.68% | 0.17% |
| 2017 | 0.36% | 0.46% | 0.06% | 0.60% | 0.82% | -0.24% | 0.45% | 0.51% | -0.40% | -0.04% | -0.51% | 0.58% | 2.67% |
| 2016 | 1.00% | 0.03% | 0.17% | 0.55% | 0.03% | 1.16% | -0.27% | 0.25% | -0.30% | -0.71% | -3.04% | 0.67% | -0.51% |
| 2015 | 1.46% | -1.15% | 0.25% | -0.50% | -0.28% | -0.11% | 0.63% | 0.10% | 0.56% | 0.26% | 0.33% | 0.63% | 2.19% |
| 2014 | 1.20% | 0.90% | -0.28% | 0.89% | 0.87% | -0.04% | 0.26% | 0.86% | 0.11% | 0.40% | 0.03% | 0.48% | 5.81% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of THNYX is 47, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Thornburg New York Intermediate Municipal Bond Fund (THNYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Thornburg New York Intermediate Municipal Bond Fund provided a 2.93% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.35 | $0.30 | $0.25 | $0.23 | $0.25 | $0.29 | $0.31 | $0.32 | $0.30 | $0.29 | $0.29 |
Dividend yield | 2.93% | 2.89% | 2.44% | 2.14% | 1.81% | 1.94% | 2.26% | 2.44% | 2.49% | 2.31% | 2.16% | 2.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Thornburg New York Intermediate Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2018 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.32 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2015 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2014 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Thornburg New York Intermediate Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Thornburg New York Intermediate Municipal Bond Fund was 9.88%, occurring on Mar 20, 2020. Recovery took 198 trading sessions.
The current Thornburg New York Intermediate Municipal Bond Fund drawdown is 0.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.88% | Mar 10, 2020 | 9 | Mar 20, 2020 | 198 | Dec 31, 2020 | 207 |
| -9.03% | Aug 5, 2021 | 310 | Oct 26, 2022 | 526 | Nov 29, 2024 | 836 |
| -7.24% | Sep 10, 2008 | 27 | Oct 16, 2008 | 57 | Jan 8, 2009 | 84 |
| -4.75% | Dec 3, 2012 | 140 | Jun 24, 2013 | 224 | May 14, 2014 | 364 |
| -4.63% | Sep 1, 2010 | 96 | Jan 18, 2011 | 76 | May 6, 2011 | 172 |
Volatility
Volatility Chart
The current Thornburg New York Intermediate Municipal Bond Fund volatility is 0.82%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.