Morningstar

Thornburg Limited Term U.S. Government Fund Class A LTUSX

Morningstar Medalist Rating
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Medalist Rating as of See Thornburg Investment Hub
  • NAV / 1-Day Return $11.93  /  +0.08 %
  • Fund Size $70.5M
  • Adjusted Expense Ratio 0.920%
  • Net Expense Ratio 0.990%
  • Fee Level: Distribution High
  • Share Class Type Front Load
  • Morningstar Category Government Mortgage-Backed Bond
  • Fixed-Income Style Box (Funds) High/Limited
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 2.82%
  • Average Effective Duration 4.20 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis LTUSX

Will LTUSX 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 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.

Getting dangerously small.

Associate Analyst River Meng

River Meng

Associate Analyst

Summary

Thornburg Limited Term US Government’s shrinking asset base raises concerns about the strategy’s viability and prompts a Process downgrade to Average from Above Average.

by River Meng
Rated on Published on

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Portfolio Holdings LTUSX

More LTUSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 28.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Farm Mortgage Trust 2024-2 2.18%

3.81 3M
Securitized

United States Treasury Notes 4%

3.78 3M
Government

Caledonia Generating LLC 1.95%

3.21 2M
Securitized

United States Treasury Notes 1.875%

3.00 2M
Government

Federal Home Loan Mortgage Corp. 4.9%

2.98 2M
Securitized

United States Treasury Notes 4.375%

2.95 2M
Government

Freddie Mac Seasoned Credit Risk Transfer Trust Series 2017-2 3.25%

2.54 2M
Securitized

Cash & Cash Equivalents

2.19 2M
Cash and Equivalents

Federal Home Loan Mortgage Corp. 3%

2.02 2M
Securitized

Federal National Mortgage Association 2%

1.95 1M
Securitized

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