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Morningstar

Thornburg Strategic Municipal Income A TSSAX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 13.93  /  +0.10 %
  • Total Assets 305.5 Mil
  • Adj. Expense Ratio
    0.810%
  • Expense Ratio 0.810%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 3.34%
  • Effective Duration 5.67 years

USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 10:22 PM GMT+0

Morningstar’s Analysis TSSAX

Will TSSAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TSSAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TSSAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TSSAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Thornburg Strategic Municipal Income A's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings TSSAX

More TSSAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.77 5.5 Mil
municipal

PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 5.25%

1.74 5.4 Mil
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5.25%

1.40 4.3 Mil
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 3.4%

1.34 4.1 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

1.28 3.9 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

1.27 3.9 Mil
municipal

CHICAGO ILL 6%

1.13 3.5 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

1.04 3.2 Mil
municipal

ILLINOIS ST 5%

1.03 3.2 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5%

1.01 3.1 Mil
municipal