LTCQX — Thornburg California Limited Term Municipal Fund
Data updated: 2026-08-24
LTCQX — Thornburg California Limited Term Municipal Fund. Long Municipal - National Bond · $308.80M AUM. Holdings, fees, performance and SEC filings.
LTCQX Fund Overview
LTCQX — Thornburg California Limited Term Municipal Fund is a US mutual fund managed by Thornburg Investment Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Thornburg Investment Trust
- Category: Long Municipal - National Bond
- Assets under management: $308.80M
- 1-year return: 3.9%
- Ticker: LTCQX
- SEC CIK: 0000816153
- SEC series ID: S000011841
- Share class ID: C000222322
LTCQX Holdings
Top 10 holdings of Thornburg California Limited Term Municipal Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| California Community Choice Financing Authority | 2.75% |
| California Community Choice Financing Authority | 2.74% |
| California Community Choice Financing Authority | 2.39% |
| City of Los Angeles Department of Airports | 1.92% |
| Regents of the University of California Medical Center Pooled Revenue | 1.89% |
| California Community Choice Financing Authority | 1.86% |
| San Joaquin Valley Clean Energy Authority | 1.73% |
| Los Angeles Housing Authority | 1.64% |
| California Health Facilities Financing Authority | 1.54% |
| California Community Choice Financing Authority | 1.50% |
LTCQX Portfolio Allocation
Asset-class allocation of Thornburg California Limited Term Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.8% |
| Cash & Equivalents | 1.4% |
| Securitized | 0.5% |
LTCQX Performance
Total returns for LTCQX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.7% |
| 1 year | 3.9% |
| 3 years (annualised) | 3.0% |
| 5 years (annualised) | 0.9% |
LTCQX Risk Information
Risk metrics for LTCQX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.6%
LTCQX Costs and Fees
LTCQX costs about $114 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.14%
- Gross expense ratio: 1.92%
- Portfolio turnover: 44%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
LTCQX Cashflows
Over the 12 months to 2026-06, Thornburg California Limited Term Municipal Fund had net inflows of $40.33M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $2.53M |
| 2026-05 | $13.64M |
| 2026-04 | −$2.50M |
| 2026-03 | $2.33M |
| 2026-02 | −$2.32M |
| 2026-01 | $5.11M |
LTCQX Debt Constituents
Largest debt holdings of Thornburg California Limited Term Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| California Community Choice Financing Authority | 2.75% |
| California Community Choice Financing Authority | 2.74% |
| California Community Choice Financing Authority | 2.39% |
| City of Los Angeles Department of Airports | 1.92% |
| Regents of the University of California Medical Center Pooled Revenue | 1.89% |
| California Community Choice Financing Authority | 1.86% |
| San Joaquin Valley Clean Energy Authority | 1.73% |
| Los Angeles Housing Authority | 1.64% |
| California Health Facilities Financing Authority | 1.54% |
| California Community Choice Financing Authority | 1.50% |
LTCQX Prospectus and SEC Filings
Official Thornburg California Limited Term Municipal Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-28
- Prospectus (485BPOS) — filed 2026-01-27
- Prospectus (485BPOS) — filed 2025-01-28
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-20
- Annual census (N-CEN) — filed 2025-12-02
- Annual census (N-CEN) — filed 2024-12-02
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.