Thornburg Strategic Municipal Income A (TSSAX)
| Fund Assets | 374.51M |
| Expense Ratio | 0.81% |
| Min. Investment | $5,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.52 |
| Dividend Yield | 3.59% |
| Dividend Growth | 4.76% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 14.08 |
| YTD Return | 1.56% |
| 1-Year Return | 1.72% |
| 5-Year Return | 4.35% |
| 52-Week Low | 13.45 |
| 52-Week High | 14.31 |
| Beta (5Y) | n/a |
| Holdings | 308 |
| Inception Date | Apr 1, 2009 |
About TSSAX
Thornburg Strategic Municipal Income Fund Class A is an actively managed municipal bond mutual fund designed to deliver a high level of current income that is generally exempt from federal individual income tax. The fund primarily invests in a diversified portfolio of tax-exempt obligations issued by U.S. states, local governments, and their agencies, with an intermediate interest-rate profile typical of the muni national intermediate category. It seeks to balance income and risk through broad sector and geographic diversification across the municipal market, targeting effective durations in the intermediate range while managing credit quality and call features. The strategy is benchmarked to widely followed municipal bond indices and is overseen by a team of portfolio managers who allocate across revenue and general obligation bonds, essential services, healthcare, transportation, and other public-purpose sectors. Within the municipal bond landscape, the fund’s role is to provide tax-efficient income and core fixed income exposure for investors seeking federally tax-exempt distributions, while maintaining a focus on risk-adjusted returns consistent with intermediate-term municipal securities.
Performance
TSSAX had a total return of 1.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.78%.
Top 10 Holdings
12.27% of assets| Name | Symbol | Weight |
|---|---|---|
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 2.85% | TX.PPATRN 04.01.2040 | 1.68% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% | KY.KYSPWR 08.01.2052 | 1.46% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5.25% | KY.KYSPWR 04.01.2054 | 1.42% |
| PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 5.25% | SC.PEGUTL 10.01.2054 | 1.40% |
| CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV 2.85% | NC.CHAMED 01.15.2037 | 1.24% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | CA.CCEDEV 01.01.2054 | 1.16% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 5 05.15.2036 | 1.02% |
| TARRANT CNTY TEX HSG FIN CORP MULTIFAMILY TAX-EXEMPT BDS 4.6% | TX.TARMFH 4.6 03.01.2043 | 1.02% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 0.97% |
| CHICAGO ILL 6% | IL.CHI 6 01.01.2038 | 0.90% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.04552 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04484 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04395 | Jun 30, 2025 |
| May 30, 2025 | $0.04413 | May 30, 2025 |
| Apr 30, 2025 | $0.04333 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04192 | Mar 31, 2025 |