2 / 5 Stars
5 5 3 1 1
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
#17 in High Yield Muni
U.S. News evaluated 41 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -0.65 percent over the past year, and 7.35 percent over the past three years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.3%|
|3 Years (Annualized)||7.4%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks a high level of current income exempt from federal individual income tax. The fund normally invests 100% of its assets in municipal obligations issued by states and state agencies, local governments and their agencies, and by certain United States territories and possessions. It invests in obligations and participation in obligations of any credit quality. The fund may invest in municipal obligations of any maturity, but seeks to maintain a portfolio of investments having a dollar-weighted average effective duration of normally one to ten years.
Fees are High compared to funds in the same category.
Thornburg Strategic Municipal Income Fund has an expense ratio of 1.25 percent.
Risk is Low compared to funds in the same category according to Morningstar.