The small but well-coordinated team driving Thornburg Limited Term Income continues to offer a sensible option for short-dated fixed-income exposure, at the right price. The strategy’s cheaper share classes retain their Morningstar Analyst Rating of Bronze, while its more expensive receive a downgrade to Neutral.
Thornburg Limited Term Income R3 THIRX
NAV / 1-Day Return
13.84
/
0.06
%
Total Assets
10.0 Bil
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
Above Average
Longest Manager Tenure
14.19
years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
0
Status
Open
TTM Yield
1.45%
Effective Duration
2.87
years
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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 THIRX 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 THIRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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
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.
