Thornburg California Limited Term Municipal Fund Class A (LTCAX)
| Fund Assets | 298.09M |
| Expense Ratio | 0.74% |
| Min. Investment | $5,000 |
| Turnover | 46.36% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 2.88% |
| Dividend Growth | 4.33% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 13.14 |
| YTD Return | 1.21% |
| 1-Year Return | 5.33% |
| 5-Year Return | 5.89% |
| 52-Week Low | 12.46 |
| 52-Week High | 13.44 |
| Beta (5Y) | n/a |
| Holdings | 179 |
| Inception Date | Feb 19, 1987 |
About LTCAX
Thornburg California Limited Term Municipal Fund Class A is an open-end municipal bond fund focused on generating tax-exempt income for California residents while emphasizing capital preservation. The fund invests primarily in a diversified, actively managed portfolio of short- to intermediate-maturity municipal obligations issued by the State of California and its local authorities, using a laddered structure to balance reinvestment opportunities and interest rate sensitivity. Its mandate centers on investment-grade securities, with flexibility to allocate a limited portion to below-investment-grade issues to capture relative value across sectors, issuers, and revenue streams. The strategy seeks to mirror municipal market structure and deal flow through rigorous credit research and a relative value framework spanning geography and revenue types. Benchmarked to a broad U.S. municipal index, the fund targets a shorter effective duration profile consistent with the Muni Single State Short category, aiming to dampen price volatility versus longer-dated bond portfolios. It serves investors seeking federally and California state tax-exempt income from a professionally managed, California-focused municipal bond portfolio.
Performance
LTCAX had a total return of 5.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.55%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0312 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03128 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03295 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03252 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03298 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03258 | Aug 29, 2025 |