Morningstar

Thornburg California Limited Term Municipal Fund Class A LTCAX

Morningstar Medalist Rating
Unlock
Medalist Rating as of See Thornburg Investment Hub
  • NAV / 1-Day Return $12.60  /  +0.40 %
  • Fund Size $275.7M
  • Adjusted Expense Ratio 0.740%
  • Net Expense Ratio 0.740%
  • Fee Level: Distribution High
  • Share Class Type Front Load
  • Morningstar Category Muni Single State Short
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.09%
  • Average Effective Duration 4.11 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis LTCAX

Will LTCAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LTCAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LTCAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of LTCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Thornburg CA Limited-Term Muni A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings LTCAX

More LTCAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

2.79 8M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

2.78 8M
municipal

United States Treasury Bills 3.6449%

2.50 8M
Government

United States Treasury Bills 3.6695%

2.50 8M
Government

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

2.42 7M
municipal

LOS ANGELES CALIF DEPT ARPTS ARPT REV 5%

1.93 6M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.88 6M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.75 5M
municipal

SAN JOAQUIN VY CALIF CLEAN ENERGY AUTH CLEAN ENERGY PROJ REV 5.5%

1.72 5M
municipal

LOS ANGELES CALIF HSG AUTH MULTIFAMILY HSG REV 3.75%

1.64 5M
municipal

Sponsor Center