Thornburg Intermediate Municipal Fund Class C2 is an actively managed mutual fund that primarily invests in intermediate-term municipal bonds. Its main objective is to provide investors with a high level of federally tax-exempt income, making it particularly suitable for individuals seeking tax efficiency in their fixed income allocations. This fund focuses on a diversified portfolio of municipal securities, usually with maturities in the intermediate range, aiming to balance income generation with moderate interest rate risk. By targeting municipal bonds, the fund gains exposure to various sectors within the public finance landscape, such as local government projects, infrastructure improvements, and essential services. This results in a portfolio that benefits from broad geographic and sector diversification, while striving to maintain credit quality and preserve capital. The Thornburg Intermediate Municipal Fund Class C2 plays a meaningful role in the municipal bond market by providing liquidity and funding for vital public sector initiatives, while offering investors a potential source of stable, tax-advantaged income. Managed according to Thornburg's active approach, the fund continuously adjusts its holdings to respond to market opportunities and evolving credit conditions, seeking optimal risk-adjusted returns for shareholders.
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