Thornburg Ca Limited-Term Municipal C2 (LTCQX)
| Fund Assets | 275.07M |
| Expense Ratio | 1.02% |
| Min. Investment | $5,000 |
| Turnover | 46.36% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 2.67% |
| Dividend Growth | 8.42% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 12.92 |
| YTD Return | 1.69% |
| 1-Year Return | 1.85% |
| 5-Year Return | n/a |
| 52-Week Low | 12.49 |
| 52-Week High | 13.06 |
| Beta (5Y) | n/a |
| Holdings | 181 |
| 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 1.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.18%.
Top 10 Holdings
21.71% of assets| Name | Symbol | Weight |
|---|---|---|
| California Community Choice Financing Authority - CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE | CA.CCEDEV 02.01.2055 | 3.01% |
| California Community Choice Financing Authority - CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE | CA.CCEDEV 02.01.2054 | 2.77% |
| California Community Choice Financing Authority - CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE | CA.CCEDEV 01.01.2054 | 2.76% |
| City of Los Angeles Department of Airports - LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | CA.LOSAPT 5 05.15.2033 | 2.20% |
| California Community Choice Financing Authority - CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE | CA.CCEDEV 02.01.2055 | 2.16% |
| San Joaquin Valley Clean Energy Authority - SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE | CA.SSJUTL 01.01.2056 | 1.86% |
| Los Angeles Housing Authority - LOS ANGELES CA HSG AUTH MF HSG REVENUE | CA.LOSMFH 3.75 04.01.2034 | 1.86% |
| California Health Facilities Financing Authority - CALIFORNIA ST HLTH FACS FING AUTH REVENUE | CA.CASMED 06.01.2041 | 1.79% |
| California Community Choice Financing Authority - CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE | CA.CCEDEV 02.01.2052 | 1.71% |
| California State University - CALIFORNIA ST UNIV REVENUE | CA.CASHGR 11.01.2051 | 1.59% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02933 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0296 | Jun 30, 2025 |
| May 30, 2025 | $0.02907 | May 30, 2025 |
| Apr 30, 2025 | $0.02896 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02876 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03011 | Feb 28, 2025 |