Thornburg Limited Term Municipal Fund Class C (LTMCX)
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Thornburg Limited Term Municipal Fund Class C Profile
| NASDAQ Exchange | United States Country |
Overview
The fund is dedicated to achieving its primary objective through a focused investment strategy, centering on a diverse range of municipal obligations. These obligations are issued by various entities including states and state agencies, local governments and their authorities, as well as territories and possessions of the United States. This approach emphasizes a laddered maturity portfolio, aiming to capitalize on the different maturity timelines of municipal securities to potentially offer a balanced mix of stability, income, and growth over time.
Products and Services
- Laddered Maturity Portfolio of Municipal Obligations
In alignment with its investment strategy, the fund meticulously assembles a portfolio comprising municipal obligations across a spectrum of maturity dates. This diversification across time aims to mitigate risks associated with interest rate fluctuations while striving to provide consistent income. The portfolio includes obligations from a broad array of issuers such as states and state agencies, local governments and their agencies, in addition to obligations issued by U.S. territories and possessions. This strategic selection is designed to leverage the tax-exempt status of many municipal securities, potentially offering investors favorable taxable-equivalent yields.
