Thornburg Limited Term Municipal Fund (LTMCX)
| Fund Assets | 2.18B |
| Expense Ratio | 1.04% |
| Min. Investment | $5,000 |
| Turnover | 39.61% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 2.87% |
| Dividend Growth | 8.44% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 13.72 |
| YTD Return | 2.77% |
| 1-Year Return | 2.64% |
| 5-Year Return | 2.27% |
| 52-Week Low | 13.19 |
| 52-Week High | 13.74 |
| Beta (5Y) | n/a |
| Holdings | 790 |
| Inception Date | Sep 1, 1994 |
About LTMCX
Thornburg Limited Term Municipal Fund Class C is an actively managed municipal bond mutual fund focused on delivering income that is generally exempt from regular federal income tax while emphasizing capital preservation and lower share-price volatility. The strategy primarily invests in short- to intermediate‑maturity municipal securities across U.S. states and sectors, maintaining a limited interest‑rate sensitivity profile consistent with the Muni National Short category. The portfolio typically holds a diversified mix of revenue and general obligation bonds, with notable exposure to essential-service revenue issuers such as transportation and energy-related municipal utilities. The fund measures results against the ICE BofA 1–10 Year U.S. Municipal Securities Index and distributes income monthly. Key characteristics highlighted by the manager include a conservative effective duration target and broad state and sector diversification to help moderate drawdowns relative to longer-duration municipal strategies. Class C shares carry higher ongoing distribution and service fees and may be subject to a contingent deferred sales charge on recent redemptions, as detailed in the fund’s summary prospectus and disclosures.
Performance
LTMCX had a total return of 2.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.50%.
Top 10 Holdings
15.88% of assets| Name | Symbol | Weight |
|---|---|---|
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 05.01.2054 | 2.35% |
| PEFA INC IOWA GAS PROJ REV 5% | IA.PEFUTL 09.01.2049 | 2.31% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV 5% | TX.TXSUTL 5 12.15.2031 | 1.95% |
| TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJ REV 5% | TN.TNSUTL 05.01.2052 | 1.50% |
| NEW JERSEY ST TRANSN TR FD AUTH 5% | NJ.NJSTRN 5 06.15.2027 | 1.43% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | GA.MAIUTL 09.01.2052 | 1.38% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 07.01.2053 | 1.32% |
| ILLINOIS ST 5% | IL.ILS 5 11.01.2028 | 1.26% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 12.01.2053 | 1.25% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV 5% | TX.TXSUTL 5 12.15.2030 | 1.12% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03369 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03362 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03359 | Jun 30, 2025 |
| May 30, 2025 | $0.03319 | May 30, 2025 |
| Apr 30, 2025 | $0.03358 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03224 | Mar 31, 2025 |