Thornburg Limited Term Municipal Fund (LTMFX)
| Fund Assets | 2.18B |
| Expense Ratio | 0.77% |
| Min. Investment | $5,000 |
| Turnover | 39.61% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 3.09% |
| Dividend Growth | 8.31% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 13.70 |
| YTD Return | 2.88% |
| 1-Year Return | 2.81% |
| 5-Year Return | 3.45% |
| 52-Week Low | 13.17 |
| 52-Week High | 13.71 |
| Beta (5Y) | 0.13 |
| Holdings | 790 |
| Inception Date | Sep 28, 1984 |
About LTMFX
Thornburg Limited Term Municipal Fund Class A is an actively managed municipal bond mutual fund designed to deliver federally tax‑exempt income while emphasizing capital preservation and lower price volatility. The fund primarily invests in a laddered portfolio of short‑ to intermediate‑maturity municipal obligations issued by states, local governments, and U.S. territories, seeking diversified exposure across issuers and sectors of the municipal market. Its strategy targets the Muni National Short category and references the ICE BofA 1–10 Year U.S. Municipal Securities Index for context on interest‑rate risk and duration positioning. By focusing on limited term maturities, the fund aims to reduce sensitivity to rate changes relative to longer‑dated municipal strategies, while maintaining consistent income through monthly distributions. With a long operating history and broad holdings, it serves investors who prioritize tax‑advantaged income and measured risk within the high‑quality U.S. municipal bond universe, including essential‑service revenue bonds and general obligation debt. Expense structure, yield metrics, and risk statistics are monitored against peers, and the portfolio’s laddering framework is used to manage reinvestment and duration risk across changing market conditions.
Performance
LTMFX had a total return of 2.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.51%.
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 | $0.03686 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03677 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03672 | Jun 30, 2025 |
| May 30, 2025 | $0.0364 | May 30, 2025 |
| Apr 30, 2025 | $0.03667 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03574 | Mar 31, 2025 |