Thornburg CA Limited-Term Muni Instl
119 E Marcy St Ste 201 Santa Fe NM 87501
Map
Phone: 800-847-0200
| Category: | Muni California Interm/Short | | Fund Family: | Thornburg | | Net Assets: | 39.05M | | Year-to-Date Return: | -0.28% | | Yield: | 3.80% | | Morningstar Rating: |  | | Fund Inception Date: | 01-Apr-97 |
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George Strickland
Lead Manager since
20-Feb-87 | | | Strickland is a managing director and co-portfolio manager of the Thornburg Municipal Bond Strategies and Thornburg Strategic Income Fund. He is responsible for overseeing the research, trading, and strategic positioning of municipal bond portfolios. Thornburg Municipal Bond Strategies have won a number of awards from independent rating services. They include two national funds, three single state funds, and numerous separate accounts. |
| Min Initial Investment: | $2,500,000 | | Min Initial Investment, IRA: | $0 | | Min Initial Investment, AIP: | $2,500,000 | | Min Subsequent Investment: | $5,000 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $5,000 |
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| The investment seeks high current income exempt from federal and California state individual income taxes consistent with preservation of capital. 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. It may invest up to 20% of assets in taxable securities which would produce income not exempt from federal or California income tax. |
| Last Dividend
(31-Oct-08):
| 0.04 | | Last Cap Gain
| N/A | | Annual Holdings Turnover
| 23.00% | | Average for Category:
| 28.29% |
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| Expense | LTCIX | Category
Avg | | Total Expense Ratio: | 0.65%
| 0.87% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 3.00% | | Max Deferred Sales Load: | 0.00%
| 2.32% | | 3 Yr Expense Projection*: |
$218 | $411 | | 5 Yr Expense Projection*: |
$379 | $626 | | 10 Yr Expense Projection*: |
$847 | $1,245 |
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