Thornburg Limited Term Municipal Fund (LTMQX)

Overview

The fund is an investment tool designed primarily for those interested in accruing income through municipal bonds. It focuses on generating returns by allocating its capital into a variety of municipal obligations. These obligations include bonds and securities issued by states, state agencies, local governments, and their agencies, as well as obligations from U.S. territories and possessions. The fund's strategy employs a laddered maturity approach, diversifying investments across different maturity dates to manage interest rate risk and provide a steady income stream to investors.

Products and Services

• Laddered Maturity Portfolio of Municipal Obligations

  This service involves investing in a range of municipal bonds and securities that are structured to have staggered maturity dates. The laddered portfolio approach helps in managing risks related to interest rates and provides a consistent income. By diversifying maturities, the fund aims to reduce the impact of market volatilities on the investment and ensures a smoother return over time. The obligations included in the portfolio can be from states and state agencies, local governments and their agencies, or United States territories and possessions.