| Nasdaq: TSSAX
Thornburg Strategic Municipal Income Fund can invest flexibly and opportunistically across a wide range of maturities and credit qualities within the municipal bond markets. Not a laddered portfolio and not limited to one portion or segment of the yield curve, the Strategic Municipal Income Fund can invest across the entire maturity spectrum, normally targeting a duration of around 7.5 years. The fund can invest up to 50% of assets in securities rated (or if unrated, deemed by Thornburg to be below investment grade) at the time of purchase.
The Fund seeks a high level of current income exempt from federal individual income tax.
There is no guarantee that the Fund will meet its investment objectives. Income is generally exempt from federal income tax, but may be subject to state or local taxes and the federal Alternative Minimum Tax.