Thornburg California Limited Term Municipal Fund Class A (LTCAX)
| Fund Assets | 308.80M |
| Expense Ratio | 0.74% |
| Min. Investment | $5,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 2.91% |
| Dividend Growth | 1.24% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 12.92 |
| YTD Return | 0.62% |
| 1-Year Return | 3.65% |
| 5-Year Return | 6.79% |
| 52-Week Low | 12.79 |
| 52-Week High | 13.15 |
| Beta (5Y) | 0.03 |
| Holdings | 204 |
| 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 3.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.46%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jan 30, 2026 | $0.0312 | Jan 30, 2026 |