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Morningstar

Thornburg Strategic Municipal Income I TSSIX

Morningstar Analyst Rating
Quantitative rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 14.12  /  0.22 %
  • Total Assets 306.3 Mil
  • Adj. Expense Ratio
    0.590%
  • Expense Ratio 0.590%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 2,500,000
  • Status Open
  • TTM Yield 2.73%
  • Effective Duration 5.70 years

USD | NAV as of Feb 02, 2023 | 1-Day Return as of Feb 02, 2023, 11:21 PM GMT+00:00

Morningstar’s Analysis TSSIX

Will TSSIX 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 TSSIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the TSSIX 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 TSSIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Weakness in Thornburg Strategic Municipal Income I's People and Process Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Negative. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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