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LTCCX Thornburg CA Limited-Term Muni C

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Fund LTCCX Thornburg CA Limited-Term Muni C FCSTX Fidelity® California Ltd Trm Tax-Free Bd  
Similarity
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100% 97%
Annual Fees
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$120.41
(1.18% Exp. Ratio)
$48.98
(0.48% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.05% annual return
$12,856.88 $15,889.17
Est. savings over 30 yrs +$3,032.29
Return
As of 12/31/16
1 YR RETURN -1.23%
3 YR 1.24%
5 YR 1.37%
10 YR 2.78%
1 YR RETURN -0.46%
3 YR 1.48%
5 YR 1.43%
10 YR 2.84%
Description
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 its 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 and exempt from regular federal income tax.
The investment seeks a high level of current income, exempt from federal and California personal income taxes. The fund normally invests at least 80% of assets in investment-grade municipal debt securities whose interest is exempt from federal and California personal income taxes. Potentially it invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund normally maintains a dollar-weighted average maturity between two and five years. It is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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