Thornburg Limited Term Municipal Fund (LTMQX)
| Fund Assets | 2.18B |
| Expense Ratio | 1.24% |
| Min. Investment | $5,000 |
| Turnover | 39.61% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 2.71% |
| Dividend Growth | 10.66% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 13.73 |
| YTD Return | 2.72% |
| 1-Year Return | 2.43% |
| 5-Year Return | n/a |
| 52-Week Low | 13.19 |
| 52-Week High | 13.74 |
| Beta (5Y) | n/a |
| Holdings | 790 |
| Inception Date | Sep 30, 2020 |
About LTMQX
Thornburg Limited Term Municipal Fund is an actively managed municipal bond mutual fund focused on delivering a high level of income that is exempt from regular federal individual income tax while emphasizing preservation of capital. The strategy invests primarily in a diversified, laddered portfolio of short- to intermediate-maturity municipal obligations issued by states, territories, and local governments, seeking to balance income generation with interest rate and credit risk management typical of the muni national short category. The fund references the ICE BofA 1–10 Year U.S. Municipal Securities Index for context and maintains a limited-term profile to reduce duration sensitivity versus longer-dated municipal funds. It distributes income monthly, aligning with its tax-exempt income objective, and holds a broad set of positions to diversify issuer and sector exposure across essential-services revenue bonds and general obligation debt. Within the municipal market, the fund serves investors seeking federally tax-exempt cash flow and lower volatility compared to long-duration munis, aiming to provide a core short-duration tax-exempt allocation within fixed income portfolios managed by Thornburg’s dedicated municipal team.
Performance
LTMQX had a total return of 2.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.15%.
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 | $0.0316 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03154 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03175 | Jun 30, 2025 |
| May 30, 2025 | $0.03127 | May 30, 2025 |
| Apr 30, 2025 | $0.03171 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0305 | Mar 31, 2025 |