Thornburg Strategic Municipal Income Fund

Scorecard
3 / 5 Stars
Lipper
5 5 4 1 1
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
4 / 5 Stars
TheStreet.com
A+ (Buy)

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.

See all Thornburg funds

See full High Yield Muni rankings

See more fund rankings

Performance

The fund has returned -0.36 percent over the past year, and 7.66 percent over the past three years.

Trailing Returns Updated 02.28.2014
Year to date 3.4%
1 Year -0.4%
3 Years (Annualized) 7.7%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

See more TSSIX performance

Summary

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

Fees are Above Average compared to funds in the same category.
Thornburg Strategic Municipal Income Fund has an expense ratio of 0.95 percent.

See more TSSIX fees

Risk

Risk is Low compared to funds in the same category according to Morningstar.

See more TSSIX risk

See Also:

Top Thornburg Funds