Thornburg Intermediate Municipal Fund

Thornburg Intermediate Municipal Fund

Sector: Management Investment Offices Open-end Region: NM, United States

: | Nasdaq: THIMX

Investment Strategy
Thornburg Intermediate Municipal Fund is a laddered portfolio of municipal bonds from throughout the U.S. with an average maturity of three to ten years. Investments with shorter average maturities, such as the Thornburg Intermediate Municipal Fund, are less exposed to interest rate risk than investments with longer average maturities.

Fund Objective
Obtain as high a level of current income exempt from federal individual income tax as is consistent, in the view of the Fund's investment advisor, with preservation of capital. A secondary objective is to reduce expected changes in its share price compared to long-term bond portfolios.

There is no guarantee that the Fund will meet its investment objectives. A portion of the Fund's dividends could be subject to the federal Alternative Minimum Tax.

News & Analysis