Description

The Thornburg Strategic Municipal Income Fund Class C endeavors to generate a substantial stream of current income that is exempt from federal individual income tax. Its primary investment strategy involves allocating capital to a diversified portfolio of municipal bonds issued by various U.S. states, their agencies, local governmental entities, and U.S. territories and possessions. The fund maintains the flexibility to acquire these debt instruments, including participations, regardless of their credit quality. While it may hold municipal obligations of any maturity, the management team typically aims to keep the portfolio's dollar-weighted average effective duration within a range of one to ten years.