Thornburg Limited Term Municipal Fund (LTMIX)
| Fund Assets | 2.18B |
| Expense Ratio | 0.51% |
| Min. Investment | $2,500,000 |
| Turnover | 39.61% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 3.41% |
| Dividend Growth | 7.53% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 13.70 |
| YTD Return | 2.96% |
| 1-Year Return | 3.02% |
| 5-Year Return | 4.56% |
| 52-Week Low | 13.17 |
| 52-Week High | 13.71 |
| Beta (5Y) | n/a |
| Holdings | 790 |
| Inception Date | Jul 5, 1996 |
About LTMIX
Thornburg Limited Term Municipal Fund Class I is an actively managed municipal bond mutual fund focused on providing a high level of current income that is exempt from federal individual income tax while preserving capital. The portfolio invests primarily in a laddered mix of short- to intermediate-maturity municipal obligations issued by states, state agencies, and local governments, seeking to moderate interest rate sensitivity versus longer-duration peers. The fund is benchmarked to the ICE BofA 1–10 Year U.S. Municipal Securities Index and sits within the Muni National Short category, reflecting its diversified, nationwide exposure and duration profile under four years. Managed by a seasoned team, the strategy applies a relative value framework across sectors such as essential services, transportation, and utility revenue bonds, emphasizing high-quality credits with a predominantly investment-grade allocation. Key characteristics include monthly dividend distributions, a net expense ratio of 0.51% for this share class, and a focus on dampening price volatility through limited term positioning. The fund plays a role in the market as a tax-efficient, lower-duration municipal option for investors seeking federally tax-exempt income and broad municipal sector diversification.
Performance
LTMIX had a total return of 3.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.11%.
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 | $0.03991 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0398 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03953 | Jun 30, 2025 |
| May 30, 2025 | $0.03928 | May 30, 2025 |
| Apr 30, 2025 | $0.03946 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0386 | Mar 31, 2025 |