The Thornburg Limited Term Municipal Fund Class C (LTMCX) is a mutual fund that primarily invests in short-term municipal bonds. These bonds are issued by state and local governments to fund public projects and services. The fund aims to provide investors with a steady stream of tax-free income while also preserving their capital. With a focus on shorter-term bonds, the fund may offer lower risk and volatility compared to longer-term bond funds. The "Class C" designation indicates that this fund has a level-load fee structure, meaning investors pay a small percentage of their investment each year to cover the fund's operating expenses. Overall, the Thornburg Limited Term Municipal Fund Class C may be a suitable option for investors seeking tax-free income with a lower level of risk.