Thornburg Strategic Municipal Income C

Frequently Asked Questions About TSSCX

What does TSSCX invest in?

The fund invests principally in a portfolio of municipal obligations issued by states and state agencies, local governments and their agencies, and by United States territories and possessions. It invests in obligations and participations in obligations of any credit quality. The fund may invest in municipal obligations of any maturity, but seeks to maintain a portfolio of investments having a dollar-weighted average effective duration of normally one to ten years.

What is the expense ratio of TSSCX?

Thornburg Strategic Municipal Income C (TSSCX) charges an expense ratio of 1.10%. This is the annual fee deducted from fund assets to cover management and operations.

What is TSSCX's dividend yield?

TSSCX's trailing-twelve-month yield is 3.67%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TSSCX?

Effective duration measures TSSCX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TSSCX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TSSCX?

TSSCX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of TSSCX?

Yield to maturity (YTM) is the total return you'd earn from TSSCX if every bond in the portfolio is held to maturity at the current price. TSSCX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.