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Thornburg Strategic Municipal Income Fund Class A TSSAX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | TSSAX | Replication |
|---|---|---|
| Annualized growth | 0.3% | 0.3% |
| Annualized volatility | 4.4% | 4.5% |
| Sharpe ratio | 0.08 | 0.08 |
| Maximum drawdown | 11.9% | 11.0% |
| Replication fit (R²) | 0.95 · Tracking error 0.9% | |
Replication portfolio
The published portfolio below is the investable basket used to model TSSAX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 89.5% |
| VCSH | FI · Short Corp | 10.5% |