Thornburg Limited Term U.S. Government Fund (LTUSX)
The investment seeks to provide as high a level of current income as is consistent, in the view of the fund’s investment advisor, with safety of capital; to reduce changes in its share price compared to longer term portfolios is the secondary objective. The fund invests at least 80% of its assets in U.S. government securities. The manager seeks to reduce changes in its share value by maintaining a portfolio of investments with a dollar-weighted average maturity or expected life of normally less than five years.
Fund Info
US8852151039
885215103
Nov 15, 1987
$5,000
Expense Ratio
LTUSX has an expense ratio of 0.92%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Thornburg Limited Term U.S. Government Fund (LTUSX) returned 2.11% year-to-date (YTD) and 5.86% over the past 12 months. Over the past 10 years, LTUSX returned 0.76% annually, underperforming the S&P 500 benchmark at 10.84%.
LTUSX
2.11%
-0.58%
1.61%
5.86%
1.53%
-0.22%
0.76%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of LTUSX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.53% | 1.72% | 0.27% | 0.58% | -0.99% | 2.11% | |||||||
| 2024 | 0.25% | -0.98% | 0.60% | -1.59% | 1.32% | 0.75% | 2.00% | 1.09% | 1.11% | -1.85% | 0.72% | -0.96% | 2.40% |
| 2023 | 2.00% | -1.57% | 1.70% | 0.40% | -0.56% | -0.63% | 0.11% | -0.31% | -1.44% | -0.81% | 2.61% | 2.43% | 3.86% |
| 2022 | -1.13% | -0.45% | -2.08% | -1.88% | 0.75% | -0.94% | 1.66% | -2.06% | -3.14% | -0.58% | 2.06% | -0.33% | -7.96% |
| 2021 | -0.14% | -0.81% | -0.73% | 0.41% | 0.11% | -0.11% | 0.65% | -0.19% | -0.43% | -0.38% | 0.02% | -0.19% | -1.81% |
| 2020 | 1.06% | 0.90% | -0.08% | 0.74% | 0.33% | 0.46% | 0.40% | -0.19% | 0.04% | -0.35% | 0.25% | 0.16% | 3.78% |
| 2019 | 0.49% | 0.02% | 0.78% | 0.09% | 0.95% | 0.40% | 0.01% | 0.91% | -0.07% | 0.15% | -0.08% | -0.08% | 3.61% |
| 2018 | -0.67% | -0.28% | 0.41% | -0.38% | 0.54% | -0.06% | -0.22% | 0.46% | -0.35% | -0.18% | 0.55% | 1.17% | 0.98% |
| 2017 | 0.09% | 0.18% | -0.08% | 0.36% | 0.27% | -0.33% | 0.27% | 0.41% | -0.37% | -0.09% | -0.15% | 0.02% | 0.60% |
| 2016 | 1.11% | 0.24% | 0.22% | 0.06% | -0.14% | 0.77% | -0.07% | -0.16% | 0.14% | -0.14% | -1.02% | -0.08% | 0.91% |
| 2015 | 0.84% | -0.37% | 0.25% | 0.00% | 0.03% | -0.23% | 0.15% | 0.07% | 0.36% | -0.22% | -0.23% | -0.30% | 0.34% |
| 2014 | 0.75% | 0.35% | -0.21% | 0.41% | 0.64% | -0.04% | -0.27% | 0.38% | -0.21% | 0.49% | 0.35% | -0.31% | 2.33% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 81, LTUSX is among the top 19% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Thornburg Limited Term U.S. Government Fund (LTUSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Thornburg Limited Term U.S. Government Fund provided a 2.63% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.31 | $0.28 | $0.20 | $0.16 | $0.18 | $0.23 | $0.24 | $0.19 | $0.20 | $0.20 | $0.29 |
Dividend yield | 2.63% | 2.62% | 2.31% | 1.74% | 1.23% | 1.36% | 1.76% | 1.90% | 1.45% | 1.54% | 1.49% | 2.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Thornburg Limited Term U.S. Government Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.02 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.31 |
| 2023 | $0.01 | $0.01 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.28 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.01 | $0.01 | $0.02 | $0.02 | $0.20 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.16 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.18 |
| 2019 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.24 |
| 2017 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.19 |
| 2016 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.20 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.20 |
| 2014 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Thornburg Limited Term U.S. Government Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Thornburg Limited Term U.S. Government Fund was 12.23%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Thornburg Limited Term U.S. Government Fund drawdown is 2.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.23% | Aug 5, 2020 | 558 | Oct 20, 2022 | — | — | — |
| -4.31% | Feb 1, 1994 | 70 | May 9, 1994 | 211 | Feb 28, 1995 | 281 |
| -4.25% | Jun 16, 2003 | 51 | Aug 27, 2003 | 132 | Mar 8, 2004 | 183 |
| -3.53% | Mar 18, 2004 | 60 | Jun 14, 2004 | 244 | Jun 1, 2005 | 304 |
| -3.29% | Nov 8, 2001 | 33 | Dec 26, 2001 | 106 | May 30, 2002 | 139 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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