Morningstar

Thornburg Ultra Short Income Fund Class A TLDAX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 12.16  /  +0.08 %
  • Total Assets 249.9M
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.500%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 4.21%
  • Effective Duration 0.53 years

USD | NAV as of Jul 10, 2026 | 1-Day Return as of Jul 10, 2026, 12:10 AM GMT+0

Morningstar’s Analysis TLDAX

Will TLDAX 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 TLDAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TLDAX 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 TLDAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Thornburg Ultra Short Income A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings TLDAX

More TLDAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 1.75%

2.10 5M
Government

United States Treasury Notes 4.125%

1.15 3M
Government

United States Treasury Notes 2.75%

1.13 3M
Government

CDW LLC / CDW Finance Corp 2.67%

0.97 3M
Corporate

United States Treasury Notes 4.25%

0.96 3M
Government

Energy Transfer LP 3.9%

0.96 2M
Cash and Equivalents

CRH America Finance, Inc. 4.16%

0.96 2M
Cash and Equivalents

Bell Canada 4.05%

0.96 2M
Cash and Equivalents

Onemain Direct Auto Receivables Tst 5.41%

0.95 2M
Securitized

Alcon Finance Corp 2.75%

0.95 2M
Corporate

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