LTMFX — Thornburg Limited Term Municipal Fund
Data updated: 2026-08-24
LTMFX — Thornburg Limited Term Municipal Fund. Long Municipal - National Bond · $2.12B AUM · 0.78% expense ratio. Holdings, fees, performance and SEC filings.
LTMFX Fund Overview
LTMFX — Thornburg 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: $2.12B
- 1-year return: 3.9%
- Ticker: LTMFX
- SEC CIK: 0000816153
- SEC series ID: S000000540
- Share class ID: C000001427
LTMFX Holdings
Top 10 holdings of Thornburg Limited Term Municipal Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Main Street Natural Gas Inc | 2.03% |
| Texas Municipal Gas Acquisition & Supply Corp III | 1.94% |
| New Jersey Transportation Trust Fund Authority | 1.42% |
| Main Street Natural Gas Inc | 1.41% |
| Main Street Natural Gas Inc | 1.27% |
| State of Illinois | 1.25% |
| Main Street Natural Gas Inc | 1.25% |
| Tennessee Energy Acquisition Corp | 1.21% |
| Texas Municipal Gas Acquisition & Supply Corp III | 1.12% |
| Mississippi Business Finance Corp | 0.90% |
LTMFX Portfolio Allocation
Asset-class allocation of Thornburg Limited Term Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.4% |
LTMFX Performance
Total returns for LTMFX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.2% |
| 1 year | 3.9% |
| 3 years (annualised) | 3.4% |
| 5 years (annualised) | 1.1% |
LTMFX Risk Information
Risk metrics for LTMFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.2%
LTMFX Costs and Fees
LTMFX costs about $78 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.78%
- Gross expense ratio: 0.78%
- Portfolio turnover: 31%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
LTMFX Cashflows
Over the 12 months to 2026-06, Thornburg Limited Term Municipal Fund had net outflows of $63.49M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$6.11M |
| 2026-05 | −$6.02M |
| 2026-04 | −$2.67M |
| 2026-03 | −$1.76M |
| 2026-02 | $6.68M |
| 2026-01 | $23.09M |
LTMFX Debt Constituents
Largest debt holdings of Thornburg Limited Term Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Main Street Natural Gas Inc | 2.03% |
| Texas Municipal Gas Acquisition & Supply Corp III | 1.94% |
| New Jersey Transportation Trust Fund Authority | 1.42% |
| Main Street Natural Gas Inc | 1.41% |
| Main Street Natural Gas Inc | 1.27% |
| State of Illinois | 1.25% |
| Main Street Natural Gas Inc | 1.25% |
| Tennessee Energy Acquisition Corp | 1.21% |
| Texas Municipal Gas Acquisition & Supply Corp III | 1.12% |
| Mississippi Business Finance Corp | 0.90% |
LTMFX Prospectus and SEC Filings
Official Thornburg 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.