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
US8852167969
885216796
Dec 30, 2013
$2,500,000
Expense Ratio
TLDIX features an expense ratio of 0.76%, falling within the medium range.
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 0.44% year-to-date (YTD) and 5.81% in the last 12 months. Over the past 10 years, Thornburg Ultra Short Income Fund had an annualized return of 2.44%, while the S&P 500 had an annualized return of 11.31%, indicating that Thornburg Ultra Short Income Fund did not perform as well as the benchmark.
TLDIX
0.44%
0.44%
2.71%
5.81%
3.00%
2.44%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.44% | 0.44% | |||||||||||
| 2024 | 0.53% | 0.36% | 0.46% | 0.39% | 0.54% | 0.48% | 0.58% | 0.58% | 0.57% | 0.36% | 0.44% | 0.37% | 5.81% |
| 2023 | 0.60% | 0.27% | 0.47% | 0.40% | 0.41% | 0.41% | 0.50% | 0.44% | 0.44% | 0.45% | 0.58% | 0.68% | 5.81% |
| 2022 | -0.05% | -0.62% | -0.29% | -0.02% | -0.02% | -0.08% | 0.18% | 0.21% | -0.01% | 0.03% | 0.40% | 0.51% | 0.24% |
| 2021 | 0.06% | 0.05% | -0.03% | 0.08% | 0.05% | 0.04% | 0.04% | 0.04% | 0.05% | -0.05% | 0.03% | -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% | -0.15% | 0.16% | 2.96% |
| 2019 | 0.45% | 0.28% | 0.62% | 0.21% | 0.64% | 0.38% | 0.14% | 0.61% | 0.05% | 0.20% | -0.21% | 0.12% | 3.54% |
| 2018 | -0.02% | -0.10% | 0.18% | 0.02% | 0.34% | 0.03% | 0.11% | 0.35% | 0.02% | 0.11% | 0.13% | 0.54% | 1.72% |
| 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% | 0.15% | 0.01% | 0.23% | -0.09% | 0.16% | 0.16% | -0.25% | 1.22% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, TLDIX is among the top 1% 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 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 provided a 5.63% dividend yield over the last twelve months, with an annual payout of $0.69 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 | $0.69 | $0.69 | $0.61 | $0.29 | $0.19 | $0.25 | $0.31 | $0.27 | $0.20 | $0.15 | $0.11 | $0.10 |
Dividend yield | 5.63% | 5.64% | 4.96% | 2.37% | 1.53% | 2.02% | 2.50% | 2.19% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.06 | $0.05 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.69 |
| 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 | $0.61 |
| 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 | $0.29 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.19 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $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. Drawdowns are calculated considering price movements and all distributions paid, if any.
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.43% | Mar 9, 2020 | 13 | Mar 25, 2020 | 45 | May 29, 2020 | 58 |
| -1.38% | Oct 12, 2021 | 179 | Jun 28, 2022 | 129 | 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 0.44%, 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.