Morningstar

Thornburg California Limited Term Municipal Fund Class I LTCIX

Medalist Rating as of Aug 31, 2026 See Thornburg Investment Hub

Strategy

The investment seeks to obtain as high a level of current income exempt from federal and California state individual income taxes as is consistent, in the view of the fund’s investment advisor, with preservation of capital; to reduce expected changes in its share price compared to longer intermediate and long-term bond portfolios is the secondary objective. The fund pursues its primary goal by investing principally in a laddered maturity portfolio of municipal obligations issued by the State of California and its agencies, and by California local governments and their agencies.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
LTCIX	Thornburg California Limited Term Municipal Fund Class I	Institutional	Open			Apr 1, 1997	$237.02M	0.490%	High	$3M	$17.36M
LTCAX	Thornburg California Limited Term Municipal Fund Class A	Front Load	Open			Feb 19, 1987	$35.75M	0.740%	High	$1,000	−$18.27M
LTCCX	Thornburg California Limited Term Municipal Fund Class C	Level Load	Open			Sep 1, 1994	$1.40M	0.990%	Low	$1,000	$406,355.16
LTCQX	Thornburg California Limited Term Municipal Fund Class C2	Level Load	Open			Sep 30, 2020	$1.49M	1.140%	Low	$1,000	$524,581.06

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