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Thornburg CA Limited-Term Muni CLTCCX

Performance (before sales charge)

As of 10/31/2023

All information is historical and not indicative of future results. Current performance may be lower or higher than the quoted past performance, which cannot guarantee results. Share price, principal value, and return will vary, and you may have a gain or a loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. After-sales-charge returns reflect the maximum sales charge applicable to the fund. Performance may not reflect any expense limitation or subsidies currently in effect. Short-term trading fees may apply. To obtain the most recent month-end performance, visit Morningstar.com.

Asset allocation

As of 09/30/2023
Stock
0.00%
Non-U.S. Stock
0.00%
Bond
94.35%
Non-U.S. Bond
1.08%
Preferred
0.00%
Convertible
0.00%
Cash
4.57%
Other
0.00%

Due to rounding, percentages may not equal 100%.

Sectors

As of 09/30/2023

Basic materials

0.00%

Consumer cyclical

0.00%

Financial services

0.00%

Real estate

0.00%

Consumer defensive

0.00%

Health care

0.00%

Utilities

0.00%

Communication services

0.00%

Energy

0.00%

Industrials

0.00%

Technology

0.00%

Top 10 holdings

As of 09/30/2023

SANTA CLARA CNTY CALIF FING AUTH LEASE REV 5%
2.51%
TENDER OPT BD TR RCPTS / CTFS VAR STS 4.85%
2.32%
Cash & Cash Equivalents
2.00%
BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.95%
1.97%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%
1.84%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%
1.81%
CALIFORNIA STATEWIDE CMNTYS DEV AUTH POLLUTION CTL REV 2.625%
1.77%
LOS ANGELES CALIF 5%
1.72%
POWAY CALIF REDEV AGY SUCCESSOR AGY TAX ALLOCATION 5%
1.72%
LOS ANGELES CALIF UNI SCH DIST 5%
1.69%
Fund assets

$274.64 Million

Share class

C

Morningstar category

Muni Single State Short

Expense ratio

1.02%

Investment objective

Municipal Bond - Single State

Documents
    Compare against similar funds*

    * “Similar funds” are top 10 performing funds in the same Morningstar category and share class , defaulted to 5 Year at NAV.