About TSSCX
Thornburg Strategic Municipal Income Fund Class C is an actively managed municipal bond mutual fund designed to deliver a high level of current income that is exempt from federal individual income tax. The strategy invests primarily in a diversified mix of investment-grade and selectively higher-yield municipal securities issued by U.S. states, local governments, and their agencies, seeking attractive after-tax income while managing interest-rate and credit risk. The fund is benchmarked to the ICE BofA U.S. Municipal Securities Index and is categorized within Muni National Intermediate, indicating a core municipal allocation with an intermediate interest-rate profile. Portfolio construction emphasizes security selection across sectors such as general obligation, essential services, transportation, healthcare, and education revenue bonds, with attention to duration, maturity, and yield-to-worst to balance income and volatility. Class C shares feature a higher ongoing expense structure relative to institutional classes, reflecting distribution and 12b-1 fees. In the broader market, the fund serves investors aiming to complement taxable fixed income with tax-advantaged income, providing diversified exposure to municipal credit across regions and issuers while aligning with intermediate-term risk sensitivities.
Fund Family Thornburg
Category Muni National Interm
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol TSSCX
Share Class Class C
Index ICE BofA Municipal Master TR
TSSCX had a total return of 3.86% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.52%.
