Thornburg Limited Term U.S. Government Fund (LTUSX)

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The chart shows the growth of an initial investment of $10,000 in Thornburg Limited Term U.S. Government Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Thornburg Limited Term U.S. Government Fund (LTUSX) has returned 0.37% so far this year and 4.15% over the past 12 months. Over the last ten years, LTUSX has returned 1.03% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 16, 1987, LTUSX's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, your investment would double in approximately 19.9 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2008 with a return of +2.7%, while the worst month was Sep 2022 at -3.2%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 5 months.

On a daily basis, LTUSX closed higher 38% of trading days. The best single day was Jan 29, 1988 with a return of +1.7%, while the worst single day was Nov 30, 1988 at -1.7%.

Thornburg Limited Term U.S. Government Fund has an annualized alpha of 3.69%, beta of -0.01, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 17, 1987.

• This fund captured 8.73% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.04%) — a profile typical of hedging or uncorrelated assets.
• Beta of -0.01 may look defensive, but with R² of 0.01 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.01 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

LTUSX has an expense ratio of 0.92%, placing it in the medium range.

LTUSX ranks 77 for risk / return — better than 77% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Thornburg Limited Term U.S. Government Fund (LTUSX) and compare them to a chosen benchmark (S&P 500 Index).

Thornburg Limited Term U.S. Government Fund provided a 2.32% dividend yield over the last twelve months, with an annual payout of $0.29 per share. The fund has been increasing its distributions for 4 consecutive years.

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.

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.

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 12.34%, occurring on Oct 20, 2022. Recovery took 719 trading sessions.

The current Thornburg Limited Term U.S. Government Fund drawdown is 1.60%.

The chart below shows the rolling one-month volatility.