The investment seeks to 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; the secondary goal of the fund is to reduce expected changes in its share price compared to longer intermediate and long-term bond portfolios. The fund normally invests 100% of assets in municipal obligations. It invests in a laddered maturity portfolio of municipal obligations issued by states and state agencies, local governments and their agencies and by certain United States territories and possessions.
Fund filings (PDF) »
Josh Gonze (Started: Feb 1, 2007)
Christopher Ihlefeld (Started: Feb 1, 2007)
Christopher Ryon (Started: Feb 1, 2011)
# Contact ?>
Thornburg Investment Management, 2300 North Ridgetop Road