Thornburg Limited Term U.S. Government invests in lower-yielding government-backed fare, and though its process is sensible, its dedicated resources are thinner relative to more robustly staffed peers in the short government Morningstar Category. Its cheaper share classes retain their Morningstar Analyst Rating of Neutral while its more expensive are rated Negative.
Thornburg Limited Term US Government R3 LTURX
NAV / 1-Day Return
13.21
/
0.31
%
Total Assets
365.0 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.990%
Expense Ratio
0.990%
Fee Level
Average
Longest Manager Tenure
14.08
years
Category
Short Government
Credit Quality / Interest Rate Sensitivity
High / LimitedMin. Initial Investment
0
Status
Open
TTM Yield
1.16%
Effective Duration
2.67
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will LTURX outperform in 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 LTURX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LTURX 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 LTURX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A straightforward approach with some obstacles.
