Thornburg Limited Term U.S. Government invests in AAA-rated, lower-yielding government-backed bonds. It is supported by a small but experienced team of managers in this sector of the bond market who implement a sensible relative-value process. Its cheapest share classes retain their Morningstar Analyst Ratings of Neutral, while its more-expensive shares are rated Negative.
Thornburg Limited Term US Government A LTUSX
NAV / 1-Day Return
12.80
/
0.17
%
Total Assets
292.7 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.
0.890%
Expense Ratio
0.890%
Fee Level
Above Average
Longest Manager Tenure
14.98
years
Category
Short Government
Credit Quality / Interest Rate Sensitivity
High / LimitedMin. Initial Investment
5,000
Status
Open
TTM Yield
1.21%
Effective Duration
2.96
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 LTUSX 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 LTUSX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LTUSX 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 LTUSX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A sensible relative-value process.
