THNYX

About THNYX

Thornburg New York Intermediate Municipal Fund Class A is an actively managed municipal bond mutual fund focused on generating a high level of current income that is exempt from federal and New York State individual income taxes while emphasizing preservation of capital. The strategy concentrates on investment-grade New York municipal securities with an intermediate interest-rate profile, aiming to reduce share price volatility relative to longer-duration bond portfolios. Positioned within the Muni New York Intermediate category, it typically targets portfolios with durations around four to six years and average maturities in the mid range, balancing income generation with interest-rate risk management. The fund uses the ICE BofA U.S. Municipal Securities Index as a benchmark reference for the broader tax-exempt market. It serves New York investors seeking tax-advantaged income and diversified exposure across sectors such as state and local general obligations, essential services revenue bonds, transportation, healthcare, and education projects, reflecting the state’s public finance ecosystem.