Morningstar

Thornburg Limited Term U.S. Government Fund Class R4 LTUGX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 12.17  /  0.00
  • Total Assets 76.8M
  • Adj. Expense Ratio
    0.920%
  • Expense Ratio 0.990%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Government Mortgage-Backed Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.67%
  • Effective Duration 4.36 years

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:11 AM GMT+0

Morningstar’s Analysis LTUGX

Will LTUGX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LTUGX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LTUGX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of LTUGX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Tempered conviction.

Senior Principal Dan Culloton

Dan Culloton

Senior Principal

Summary

Some recent management turnover tempers our conviction in Thornburg Limited Term US Government’s otherwise solid process.

by Dan Culloton
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings LTUGX

More LTUGX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 28.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4%

5.64 4M
Government

Farm Mortgage Trust 2024-2 2.18%

3.81 3M
Securitized

Cash & Cash Equivalents

3.65 3M
Cash and Equivalents

Caledonia Generating LLC 1.95%

3.19 3M
Securitized

United States Treasury Notes 1.875%

2.94 2M
Government

Federal Home Loan Mortgage Corp. 4.9%

2.91 2M
Securitized

Freddie Mac Seasoned Credit Risk Transfer Trust Series 2017-2 3.25%

2.53 2M
Securitized

Federal National Mortgage Association 2%

2.05 2M
Securitized

Federal Home Loan Mortgage Corp. 3%

2.02 2M
Securitized

Federal Home Loan Mortgage Corp. 2%

1.83 1M
Securitized

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