Thornburg Ultra Short Income Fund (TLDIX)
The investment seeks current income, consistent with preservation of capital. The fund invests 80% of its net assets in (i) obligations of the U.S. government, its agencies and instrumentalities, and (ii) debt obligations rated at the time of purchase in one of the four highest ratings of S&P Global Ratings (AAA, AA, A, or BBB) or Moody's Investors Services, Inc. (Aaa, Aa, A, or Baa) or, if no credit rating is available, judged to be of comparable quality by Thornburg.
Fund Info
| ISIN | US8852167969 |
|---|---|
| CUSIP | 885216796 |
| Issuer | Thornburg |
| Inception Date | Dec 30, 2013 |
| Category | Ultrashort Bond |
| Min. Investment | $2,500,000 |
| Asset Class | Bond |
Expense Ratio
TLDIX has a high expense ratio of 0.76%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Thornburg Ultra Short Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Thornburg Ultra Short Income Fund had a return of 1.76% year-to-date (YTD) and 5.80% in the last 12 months. Over the past 10 years, Thornburg Ultra Short Income Fund had an annualized return of 2.07%, while the S&P 500 had an annualized return of 10.99%, indicating that Thornburg Ultra Short Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.76% | 11.18% |
| 1 month | 0.47% | 5.60% |
| 6 months | 2.96% | 17.48% |
| 1 year | 5.80% | 26.33% |
| 5 years (annualized) | 2.61% | 13.16% |
| 10 years (annualized) | 2.07% | 10.99% |
Monthly Returns
The table below presents the monthly returns of TLDIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.54% | 0.37% | 0.46% | 0.39% | 1.76% | ||||||||
| 2023 | 0.60% | 0.28% | 0.47% | 0.40% | 0.41% | 0.41% | 0.50% | 0.44% | 0.43% | 0.44% | 0.58% | 0.68% | 5.80% |
| 2022 | -0.05% | -0.62% | -0.29% | -0.03% | -0.03% | -0.08% | 0.18% | 0.22% | -0.01% | 0.03% | 0.40% | 0.51% | 0.22% |
| 2021 | 0.06% | 0.05% | -0.03% | 0.08% | 0.05% | 0.04% | 0.04% | 0.04% | 0.05% | -0.05% | 0.04% | -0.04% | 0.32% |
| 2020 | 0.51% | 0.51% | -2.53% | 1.60% | 1.32% | 0.80% | 0.31% | 0.23% | 0.15% | 0.06% | 0.14% | 0.16% | 3.26% |
| 2019 | 0.45% | 0.28% | 0.62% | 0.21% | 0.63% | 0.38% | 0.13% | 0.61% | 0.05% | 0.20% | -0.20% | 0.12% | 3.53% |
| 2018 | -0.02% | -0.10% | 0.17% | 0.02% | 0.34% | 0.03% | 0.11% | 0.35% | 0.02% | 0.11% | 0.13% | 0.54% | 1.71% |
| 2017 | 0.19% | 0.19% | 0.15% | 0.22% | 0.20% | -0.02% | 0.22% | 0.22% | -0.02% | 0.06% | -0.08% | 0.06% | 1.39% |
| 2016 | 0.41% | 0.08% | 0.50% | 0.27% | 0.03% | 0.52% | 0.03% | 0.03% | 0.16% | 0.02% | -0.29% | 0.11% | 1.90% |
| 2015 | 0.40% | -0.08% | 0.23% | 0.07% | 0.07% | -0.01% | -0.02% | -0.01% | 0.07% | -0.02% | 0.00% | -0.22% | 0.50% |
| 2014 | 0.51% | 0.16% | -0.16% | 0.16% | 0.17% | 0.14% | 0.01% | 0.23% | -0.09% | 0.16% | 0.16% | -0.25% | 1.22% |
| 2013 | 0.00% | 0.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of TLDIX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
TLDIX (Thornburg Ultra Short Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Thornburg Ultra Short Income Fund (TLDIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Thornburg Ultra Short Income Fund granted a 5.30% dividend yield in the last twelve months. The annual payout for that period amounted to $0.65 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.65 | $0.60 | $0.28 | $0.19 | $0.29 | $0.31 | $0.27 | $0.20 | $0.15 | $0.11 | $0.10 |
Dividend yield | 5.30% | 4.96% | 2.35% | 1.53% | 2.31% | 2.49% | 2.17% | 1.63% | 1.23% | 0.91% | 0.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Thornburg Ultra Short Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.06 | $0.05 | $0.06 | $0.06 | $0.00 | $0.22 | |||||||
| 2023 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.60 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.28 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.19 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.02 | $0.29 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.31 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.27 |
| 2017 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2014 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Thornburg Ultra Short Income 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 Ultra Short Income Fund was 3.43%, occurring on Mar 25, 2020. Recovery took 45 trading sessions.
The current Thornburg Ultra Short Income Fund drawdown is 0.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.43% | Mar 9, 2020 | 13 | Mar 25, 2020 | 45 | May 29, 2020 | 58 |
| -1.39% | Oct 12, 2021 | 170 | Jun 14, 2022 | 138 | Dec 30, 2022 | 308 |
| -0.61% | Nov 7, 2016 | 28 | Dec 15, 2016 | 34 | Feb 6, 2017 | 62 |
| -0.56% | Oct 16, 2014 | 49 | Dec 24, 2014 | 60 | Mar 24, 2015 | 109 |
| -0.5% | Oct 23, 2015 | 46 | Dec 29, 2015 | 21 | Jan 29, 2016 | 67 |
Volatility
Volatility Chart
The current Thornburg Ultra Short Income Fund volatility is 0.49%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.