Thornburg Ca Limited-Term Municipal C2 (LTCQX)
| Fund Assets | 298.09M |
| Expense Ratio | 1.02% |
| Min. Investment | $5,000 |
| Turnover | 46.36% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 2.67% |
| Dividend Growth | 4.78% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 13.15 |
| YTD Return | 1.22% |
| 1-Year Return | 5.16% |
| 5-Year Return | 4.70% |
| 52-Week Low | 12.21 |
| 52-Week High | 13.15 |
| Beta (5Y) | n/a |
| Holdings | 179 |
| Inception Date | Sep 30, 2020 |
About LTCQX
Thornburg California Limited Term Municipal Fund is an open-end municipal bond fund focused on generating tax-exempt income for California residents while seeking preservation of capital. The fund invests primarily in a laddered portfolio of short- to intermediate-maturity municipal obligations issued by the State of California, its agencies, and local governments, with the goal of providing income exempt from federal and California state individual income taxes. It emphasizes investment-grade securities but can allocate a limited portion to below-investment-grade municipal bonds, allowing flexibility to manage credit and yield opportunities across the state’s diverse issuers. The strategy is actively managed, incorporating views on interest rates, market supply, and security-specific analysis to balance income and interest rate sensitivity. By concentrating on essential-service revenue bonds and general obligation debt across sectors such as transportation, education, utilities, healthcare, and clean energy, the fund plays a role in financing public infrastructure while offering a tax-efficient income stream to individual investors. Its limited-term profile targets reduced price volatility relative to longer-duration municipal portfolios.
Performance
LTCQX had a total return of 5.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.87%.
Top 10 Holdings
26.60% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street Treasury Fund | TRIXX | 7.62% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 02.01.2055 | 2.82% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | CA.CCEDEV 01.01.2054 | 2.57% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 02.01.2054 | 2.56% |
| LOS ANGELES CALIF DEPT ARPTS REV 5% | CA.LOSAPT 5 05.15.2033 | 2.10% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 02.01.2055 | 2.02% |
| SAN JOAQUIN VY CALIF CLEAN ENERGY AUTH CLEAN ENERGY PROJ REV 5.5% | CA.SSJUTL 01.01.2056 | 1.87% |
| LOS ANGELES CALIF HSG AUTH MULTIFAMILY HSG REV 3.75% | CA.LOSMFH 3.75 04.01.2034 | 1.77% |
| CALIFORNIA HEALTH FACS FING AUTH REV 5% | CA.CASMED 06.01.2041 | 1.66% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4% | CA.CCEDEV 02.01.2052 | 1.60% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02813 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02822 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02998 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02945 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02991 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02951 | Aug 29, 2025 |