Thornburg California Limited Term Municipal Fund (LTCAX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with LTCAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to LTCAX
LTCAX charges 0.74% annually. There are 329 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | LTCAX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | LTCAX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | LTCAX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | LTCAX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | LTCAX vs FSMUX |
Best Risk-Adjusted Alternatives to LTCAX
LTCAX has a PortfoliosLab risk / return rank of 62. There are 427 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | LTCAX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | LTCAX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | LTCAX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | LTCAX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | LTCAX vs TFCYX |
Top Performing LTCAX Alternatives (YTD)
LTCAX is at 0.62% YTD. There are 464 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.37% | — | Apr 1998 | LTCAX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.00% | — | Nov 2002 | LTCAX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 7.79% | — | Oct 1992 | LTCAX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 6.86% | — | Nov 2001 | LTCAX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 6.82% | — | Feb 1998 | LTCAX vs MUC |
Lowest Volatility Alternatives to LTCAX
LTCAX has 1.73% 1-year volatility. There are 73 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | LTCAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | LTCAX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | LTCAX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | LTCAX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | LTCAX vs USMSX |
Lowest Drawdown Alternatives to LTCAX
LTCAX has a 1-year max drawdown of -2.21%. There are 93 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | LTCAX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | LTCAX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | LTCAX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | LTCAX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | LTCAX vs DFSMX |
Other Mutual Funds from Thornburg
The 10 most viewed Thornburg mutual funds shown here include TIBIX, TIBAX, THOIX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund Class I | Diversified Portfolio | 97 | 15.32% | — | Dec 2002 | LTCAX vs TIBIX | |
| Thornburg Investment Income Builder Fund | Global Allocation | 97 | 15.22% | — | Dec 2002 | LTCAX vs TIBAX | |
| Thornburg Global Opportunities Fund | Foreign Large Cap Equities | 86 | 9.26% | — | Jul 2006 | LTCAX vs THOIX | |
| Thornburg Better World International Fund | Foreign Large Cap Equities | 17 | 3.87% | — | Sep 2015 | LTCAX vs TBWIX | |
| Thornburg Strategic Income Fund | Multisector Bonds | 53 | 0.88% | — | Dec 2007 | LTCAX vs TSIIX | |
| Thornburg International Equity Fund | Foreign Large Cap Equities | 46 | 10.14% | — | May 1998 | LTCAX vs TGVAX | |
| Thornburg Strategic Municipal Income Fund | Municipal Bonds | 84 | 2.35% | — | Mar 2009 | LTCAX vs TSSIX | |
| Thornburg Intermediate Municipal Fund | Municipal Bonds | 82 | 1.84% | — | Jul 1991 | LTCAX vs THIMX | |
| Thornburg Limited Term Municipal Fund | Municipal Bonds | 66 | 0.94% | — | Sep 1984 | LTCAX vs LTMFX | |
| Thornburg International Growth Fund | Foreign Large Cap Equities | 15 | 11.03% | — | Jan 2007 | LTCAX vs TINGX |
Often Compared With LTCAX
Investors most often compare LTCAX with TVAFX, NPV, APUSX. These 7 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Thornburg Small/Mid Cap Core Fund | Large Cap Blend Equities | 17 | 12.67% | — | Oct 1995 | LTCAX vs TVAFX | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 29 | 6.52% | — | Mar 1993 | LTCAX vs NPV | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 19 | 1.00% | — | Dec 2017 | LTCAX vs APUSX | |
| DFA NY Municipal Bond Portfolio | Municipal Bonds | 99 | 1.29% | — | Jun 2015 | LTCAX vs DNYMX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 98 | 1.02% | — | Dec 2017 | LTCAX vs FGNSX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 71 | 6.74% | — | Mar 1998 | LTCAX vs MUJ | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 87 | 2.22% | — | Jun 2012 | LTCAX vs FXIEX |
Compare LTCAX with Any Fund or Stock
Compare LTCAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair LTCAX with funds that move differently
Thornburg California Limited Term Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to LTCAX.
Explore LTCAX Diversifiers