LTMIX

About LTMIX

Thornburg Limited Term Municipal Fund Class I is an actively managed municipal bond mutual fund focused on providing a high level of current income that is exempt from federal individual income tax while preserving capital. The portfolio invests primarily in a laddered mix of short- to intermediate-maturity municipal obligations issued by states, state agencies, and local governments, seeking to moderate interest rate sensitivity versus longer-duration peers. The fund is benchmarked to the ICE BofA 1–10 Year U.S. Municipal Securities Index and sits within the Muni National Short category, reflecting its diversified, nationwide exposure and duration profile under four years. Managed by a seasoned team, the strategy applies a relative value framework across sectors such as essential services, transportation, and utility revenue bonds, emphasizing high-quality credits with a predominantly investment-grade allocation. Key characteristics include monthly dividend distributions, a net expense ratio of 0.51% for this share class, and a focus on dampening price volatility through limited term positioning. The fund plays a role in the market as a tax-efficient, lower-duration municipal option for investors seeking federally tax-exempt income and broad municipal sector diversification.