Thornburg Files Active ETF Share Class for Strategic Municipal Bond Fund

Thornburg filed an ETF share class for its Strategic Municipal Income Fund, an actively managed municipal bond strategy focused on federally tax-exempt income. The fund invests primarily in municipal bonds across all credit qualities, including up to 50% in below-investment-grade debt and defaulted securities, while typically maintaining a portfolio duration of one to ten years. Managers actively adjust holdings based on interest rate expectations, credit analysis and market conditions, with at least 80% of assets invested in federally tax-exempt municipal obligations.