Thornburg California Limited Term Municipal Fund Class A (LTCAX)

Fund Assets	307.03M
Expense Ratio	0.74%
Min. Investment	$5,000
Turnover	n/a
Dividend (ttm)	0.38
Dividend Yield	2.99%
Dividend Growth	0.66%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	12.83
YTD Return	0.31%
1-Year Return	2.44%
5-Year Return	6.37%
52-Week Low	12.78
52-Week High	13.15
Beta (5Y)	0.03
Holdings	208
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 2.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.44%.

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%
LTCIX	- Class I	0.49%
LTCAX	- Class A	0.74%
LTCCX	- Class C	0.99%

Dividend History

Ex-Dividend	Amount	Pay Date
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
Mar 31, 2026	$0.03137	Mar 31, 2026
Feb 27, 2026	$0.03236	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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