Thornburg California Limited Term Municipal Fund Class A (LTCAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

12.53

+0.07 (0.56%)

At close: Oct 15, 2026

Fund Assets	278.73M
Expense Ratio	0.725%
Min. Investment	$5,000
Turnover	n/a
Dividend (ttm)	0.38
Dividend Yield	3.05%
Dividend Growth	-0.67%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	12.46
YTD Return	-1.53%
1-Year Return	-1.03%
5-Year Return	4.84%
52-Week Low	12.35
52-Week High	13.15
Beta (5Y)	0.03
Holdings	199
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.

Fund Family Thornburg

Category Muni Single State Short

Performance Rating Average

Risk Rating Average

Stock Exchange Nasdaq

Ticker Symbol LTCAX

Share Class - Class A

Index Index is not available on Lipper Database

Performance

LTCAX had a total return of -1.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.39%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
LTCIX	- Class I	0.49%
LTCAX	- Class A	0.74%
LTCCX	- Class C	0.99%
LTCQX	- Class C2	1.14%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03225	Sep 30, 2026
Aug 31, 2026	$0.03178	Aug 31, 2026
Jul 31, 2026	$0.03131	Jul 31, 2026
Jun 30, 2026	$0.03147	Jun 30, 2026
May 29, 2026	$0.03175	May 29, 2026
Apr 30, 2026	$0.03196	Apr 30, 2026

Full Dividend History