Thornburg Strategic Municipal Income Fund Class I (TSSIX)
| Fund Assets | 378.93M |
| Expense Ratio | 0.59% |
| Min. Investment | $2,500,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.56 |
| Dividend Yield | 3.96% |
| Dividend Growth | 5.20% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 14.10 |
| YTD Return | 4.20% |
| 1-Year Return | 2.99% |
| 5-Year Return | 7.11% |
| 52-Week Low | 13.10 |
| 52-Week High | 14.12 |
| Beta (5Y) | n/a |
| Holdings | 296 |
| Inception Date | Apr 1, 2009 |
About TSSIX
Thornburg Strategic Municipal Income Fund Class I is an actively managed municipal bond mutual fund designed to deliver a high level of current income that is generally exempt from U.S. federal individual income tax. The fund primarily invests in a diversified portfolio of municipal obligations issued by states, local governments, and their agencies, as well as U.S. territories and possessions. It is positioned within the muni national intermediate category, emphasizing intermediate interest-rate sensitivity and broad geographic exposure across revenue and general obligation bonds that finance public projects such as transportation, utilities, healthcare, and education. The strategy employs research-driven security selection and duration management, benchmarking performance against the ICE BofA U.S. Municipal Securities Index to gauge relative risk and return characteristics. By focusing on tax-exempt income and a national opportunity set, Thornburg Strategic Municipal Income Fund Class I plays a role in investors’ core fixed income allocations, offering potential diversification benefits, tax-efficient cash flows, and exposure to the credit dynamics of the U.S. municipal market.
Performance
TSSIX had a total return of 2.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.88%.
Top 10 Holdings
13.33% of assets| Name | Symbol | Weight |
|---|---|---|
| City of New York NY - NEW YORK NY | NY.NYC 06.01.2044 | 1.69% |
| Ohio Higher Educational Facility Commission - OHIO ST HGR EDUCTNL FAC COMMISSION | OH.OHSHGR 01.01.2043 | 1.53% |
| Kentucky Public Energy Authority - KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE | KY.KYSPWR 08.01.2052 | 1.49% |
| Buckeye Tobacco Settlement Financing Authority - BUCKEYE OH TOBACCO SETTLEMENT FING AUTH | OH.BUCGEN 5 06.01.2055 | 1.46% |
| Kentucky Public Energy Authority - KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE | KY.KYSPWR 04.01.2054 | 1.44% |
| Patriots Energy Group Financing Agency - PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE | SC.PEGUTL 10.01.2054 | 1.43% |
| California Community Choice Financing Authority - CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE | CA.CCEDEV 01.01.2054 | 1.18% |
| Tarrant County Housing Finance Corp - TARRANT CNTY TX HSG FIN CORP MF TAX-EXEMPT BONDS | n/a | 1.08% |
| MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE | GA.MAIUTL 5 05.15.2036 | 1.04% |
| New York City Municipal Water Finance Authority - NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE | NY.NYCUTL 06.15.2048 | 1.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.04808 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04816 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04836 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04814 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04745 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04648 | Jun 30, 2025 |