Morningstar

Thornburg California Limited Term Municipal Fund Class I LTCIX

Morningstar Medalist Rating
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Medalist Rating as of See Thornburg Investment Hub
  • NAV / 1-Day Return $12.41  /  0.00
  • Fund Size $277.6M
  • Adjusted Expense Ratio 0.490%
  • Net Expense Ratio 0.490%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category Muni Single State Short
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $3M
  • Investment Status Open
  • TTM Yield 3.35%
  • Average Effective Duration 4.11 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis LTCIX

Will LTCIX 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 LTCIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LTCIX 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 LTCIX’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 Instl holds a quantitatively derived Bronze Morningstar Medalist Rating. The rating reflects that it has scored better than the norm on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings LTCIX

More LTCIX 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

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