|2300 North Ridgetop Road , Santa Fe, NM 87506|
|Fund Manager||Team Managed|
The primary investment goal of Intermediate Municipal Fund is 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 long-term bond portfolios. The Fund pursues its primary goal by investing principally in a laddered maturity portfolio of municipal obligations issued by states and state agencies, local governments and their agencies, and by united States territories and possessions. Thornburg Investment Management, Inc. ( Thornburg ) actively manages the Fund s portfolio. Investment decisions are based upon outlooks for interest rates and securities markets, the supply of municipal debt obligations, and analysis of specific securities. The Fund invests in obligations and participations in obligations which are rated by a nationally recognized statistical rating organization at the time of purchase as investment grade or, if unrated, are issued by obligors which Thornburg determines have comparable investment grade obligations outstanding or which are deemed by Thornburg to be comparable to obligors with outstanding investment grade obligations. Participations are undivided interests in pools of securities where the underlying credit support passes through to the participants. The Fund s portfolio is laddered by investing in obligations of different maturities so that some obligations mature during each of the coming years.
|Asset Type||% Of Allocation|
|Total Net Assets||327.92 M|
|Criteria||3 Years||5 Years||10 Years|
|Minimum Initial IRA||$2000|
|Timeframe||Average Annual Current Performance Monthly As Of 09/30/2021||Average Annual Current Performance Quarterly As Of 09/30/2021||Avg Annual Current Performance Monthly As Of 09/30/2021||Avg Annual Current Performance Quarterly As Of 09/30/2021|
|Life Of Fund||
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