Thornburg California Limited Term Municipal Fund

Scorecard
4 / 5 Stars
Lipper
4 5 5 1 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
A+ (Buy)

#8 in Muni Single State Short

U.S. News evaluated 19 Muni Single State 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 1.36 percent over the past year, 3.99 percent over the past three years, 4.18 percent over the past five years, and 3.20 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 1.8%
1 Year 1.4%
3 Years (Annualized) 4.0%
5 Years (Annualized) 4.2%
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 and California state individual income taxes as is consistent with preservation of capital; the secondary goal is to reduce expected changes in its share price compared to longer intermediate and long-term bond portfolios. The fund normally invests at least 80% of assets in municipal obligations originating in California which are exempt from California and regular federal income taxes, and normally invests 100% in municipal obligations originating in California or issued by United States territories and possessions.

Fees

Fees are Average compared to funds in the same category.
Thornburg California Limited Term Municipal Fund has an expense ratio of 0.94 percent.

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Risk

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

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See Also:

Top Thornburg Funds