Thornburg Strategic Municipal Income I

The investment seeks a high level of current income exempt from federal individual income tax.
The fund normally invests 100% of its assets in municipal obligations issued by states and state agencies, local governments and their agencies, and by certain United States territories and possessions. It invests in obligations and participation 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.

Key stats

Management firm  Thornburg
Domicile  United States
Fund Administrator  Thornburg Investment Management, Inc.
Global Branding Name  Thornburg
12 month yield  3.09%
Fund currency  USD
Launch Date  2009-04-01
ISIN  US8852163091
Manager 1 Name  Christopher Ryon
Manager 2 Name  Josh Gonze
Fund Strategy  High Yield Muni
Benchmark  BofAML ABS Master AAA TR USD
Fund Structure  Open Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-08-31
Return - 1 Month  1.30%
Return - 2 Months  1.53 %
Return - 3 Months  1.64%
Return - 6 Months  4.76 %
Return - 9 months  8.18 %
Return - 12 Months  10.57%
Annualized return 24 months  3.65 %
Annualized return 36 months  6.79 %
Annualized return 48 months  5.59 %
Annualized return 60 months  7.46 %
Return 120 months  0.00 %
Annualized return since Inception  9.07%
Return YTD  8.32%

Ratings

Morning Star Rating Date   2014-08-31
Morning Star Rating - 36 Months  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating
Morning Star Rating - 60 Months  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating
Morning Star Rating - Overall  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating

Charges

Initial  0.00 %
Minimum Investment  $2,500,000
Maximum Managment Charge  0.75 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  Thornburg Investment Management
Contact Address 2  2300 North Ridgetop Road
Contact city  Santa Fe
Contact country  United States
Fund Admin Group  Thornburg
Web Address  www.thornburg.com
Custodian  State Street Bank & Trust Co
Phone  1-800-847-0200

Price

Last Price Date  2014-09-16
Pre-tax nav  15.13
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.00
Price change (percentage)  0.00 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

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Ratings Disclaimer

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