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Thornburg Limited Term Income R3 THIRX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
13.92  /  0.01 %
Total Assets
10.2 Bil
Adj. Expense Ratio
0.990%
Expense Ratio
0.990%
Fee Level
Above Average
Longest Manager Tenure
14.48 years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
1.26%
Effective Duration
3.24 years

USD | NAV as of Jul 23, 2021 | 1-Day Return as of Jul 23, 2021, 9:47 PM GMT+00:00

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Morningstar’s Analysis

Will THIRX outperform in future?

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

Process Pillar

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

People Pillar

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The People Pillar is our evaluation of the THIRX 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

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

Attentive credit selection in the short-dated bond market.

Analyst

Summary

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Thornburg Limited Term Income’s small but skilled team and sensible investment process make it a compelling option for short-dated bond exposure, but only when the price is right. Only its cheapest share class retains its Morningstar Analyst Rating of Bronze, while its other share classes are rated Neutral.

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