TNYIX Fees and Costs — Thornburg New York Intermediate Municipal Fund, Class I
Data updated: 2026-08-24
The net expense ratio is 0.67%: a 0.50% management fee plus 0.70% other expenses, less a 0.53% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 41%.
TNYIX Fees and Expenses
Annual operating expenses and sales charges of TNYIX. Prospectus, as of January 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.70% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.53% |
| Net expense ratio | 0.67% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TNYIX Costs Over Time
On $10,000 invested in TNYIX, assuming 5% a year before costs, total costs come to $422 over 5 years, cutting the return by 0.70% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.67%) | $70 | $220 | $383 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $70 | $231 | $422 |
| Value after costs | $10,430 | $11,345 | $12,341 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
TNYIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $74.5M
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
TNYIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $19.1M | 28.06% |
| Barclays Capital Inc. | $18.5M | 27.18% |
| J.P. Morgan Securities LLC | $7.2M | 10.63% |
| RBC Capital Markets, LLC | $5.5M | 8.03% |
| BMO Capital Markets Corp. | $4.3M | 6.34% |
| Nomura Securities International, Inc. | $3.6M | 5.34% |
| BofA Securities, Inc. | $3.5M | 5.14% |
| Goldman Sachs & Co. LLC | $2.8M | 4.19% |
| Wells Fargo Securities, LLC | $2.4M | 3.59% |
| Loop Capital Markets LLC | $1.0M | 1.50% |
Thornburg New York Intermediate Municipal Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TNYIX | Class I | 0.67% | none |
| THNYX | Class A | 0.92% | 2.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.