Thornburg Limited Term Municipal Fund

Scorecard
4 / 5 Stars
Lipper
4 4 5 5 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
B+ (Buy)

U.S. News evaluated 50 Muni National Short Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 2.91 percent over the past year, 2.53 percent over the past three years, 3.55 percent over the past five years, and 3.19 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 2.0%
1 Year 2.9%
3 Years (Annualized) 2.5%
5 Years (Annualized) 3.5%
10 Years (Annualized) 3.2%

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Summary

The investment seeks to obtain as high a level of current income exempt from federal individual income tax as is consistent, in the view of the fund's investment advisor, with preservation of capital; the secondary goal of the fund is to reduce expected changes in its share price compared to longer intermediate and long-term bond portfolios. The fund normally invests 100% of assets in municipal obligations. It invests in a laddered maturity portfolio of municipal obligations issued by states and state agencies, local governments and their agencies and by certain United States territories and possessions.

Fees

Fees are Above Average compared to funds in the same category.
Thornburg Limited Term Municipal Fund has an expense ratio of 0.97 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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