TSICX Fees and Costs — Thornburg Strategic Income Fund, Class C
Data updated: 2026-08-24
The net expense ratio is 1.74%: a 0.53% management fee, a 1.00% 12b-1 fee plus 0.21% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $10K in broker commissions, 0.0001% of average net assets, and portfolio turnover was 30%.
TSICX Fees and Expenses
Annual operating expenses and sales charges of TSICX. Prospectus, as of January 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.74% |
| Fee waiver | — |
| Net expense ratio | 1.74% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TSICX Costs Over Time
On $10,000 invested in TSICX, assuming 5% a year before costs, total costs come to $1,072 over 5 years, cutting the return by 1.83% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.74%) | $183 | $566 | $973 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $286 | $594 | $1,072 |
| Value after costs | $10,214 | $10,982 | $11,690 |
| Impact on return, per year | 2.86% | 1.83% | 1.83% |
TSICX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $11.6B
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
TSICX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $6K | 62.15% |
| BTIG, LLC | $4K | 37.85% |
TSICX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $5.0B | 55.30% |
| J.P. Morgan Securities LLC | $617.5M | 6.82% |
| BMO Capital Markets Corp. | $555.7M | 6.14% |
| Citadel Securities LLC | $503.1M | 5.56% |
| Barclays Capital Inc. | $464.1M | 5.13% |
| Nomura Securities International, Inc. | $413.8M | 4.57% |
| Stonex Financial Inc. | $401.1M | 4.43% |
| Goldman Sachs & Co. LLC | $393.7M | 4.35% |
| BNY Capital Markets, LLC | $360.2M | 3.98% |
| Citigroup Global Markets Inc. | $337.1M | 3.72% |
Thornburg Strategic Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TSRSX | Class R6 | 0.53% | none |
| TSIIX | Class I | 0.60% | none |
| TSRRX | Class R5 | 0.60% | none |
| TSIAX | Class A | 1.02% | 4.50% |
| TSIRX | Class R3 | 1.25% | none |
| TSRIX | Class R4 | 1.25% | none |
| TSICX | Class C | 1.74% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.