Three Reasons to Own Thornburg Ultra Short Income Fund (TLDIX)
1 Attractive Yield
SEC Yield1 3.4%
Yield to Worst5.7%
Source: Thornburg, as of 31 Dec 2022.
1. Thornburg Investment Management and/or Thornburg Securities Corporation have contractually agreed to waive fees and reimburse expenses through at least February 1, 2023, for class I shares, resulting in net expense ratios of 0.30%. Without this waiver, SEC yields would have been 3.31%.
2 Lower Risk
Than traditional bonds
Source: Morningstar, as of 31 Dec 2022
3 Highly Ranked
TLDIX – Morningstar Ultrashort Bond Category
Overall
Among 218 Funds
3-Year
Among 218 Funds
5-Year
Among 180 Funds
Based on risk-adjusted returns for class I shares, using a weighted average of the funds three, and five-year ratings, as of 31 Dec 2022
Average Annual Returns
As of 31 Dec 2022
| YTD | 1y | 3y | 5y | Inception | |
|---|---|---|---|---|---|
| Total Return (I Shares %) | 0.22 | 0.22 | 1.25 | 1.86 | 1.62 |
| ICE BofA US Treasury Bill (%) | 1.34 | 1.34 | 0.71 | 1.27 | 0.85 |
| Morningstar Category Avg. (%) | -0.14 | -0.14 | 0.45 | 1.18 | – |
| Morningstar Quartile | – | 2 | 1 | 1 | – |
Visit the Thornburg Ultra Short Income Fund product page for additional fund information.
Source: Confluence
Unless otherwise stated all data is as of 31 Dec 2022
Periods less than one year are not annualized.
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate so shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than quoted. For performance current to the most recent month end, visit thornburg.com or call 877-215-1330. There is no up-front sales charge for class I shares. The total annual fund operating expenses for class I shares are 0.76%. Thornburg Investment Management and/or Thornburg Securities Corporation have contractually agreed to waive fees and reimburse expenses through at least February 1, 2023, for class I shares, resulting in net expense ratios of 0.30%. For more detailed information on fund expenses and waivers/reimbursements, please see the fund’s prospectus.
Share class inception dates: A and I shares, 30 Dec 2013.
Morningstar quartile ranking for Ultrashort Bond category is based on total returns before sales charges for 1-, 3- and 5-years, among 218, 218 and 180 funds, respectively, as of 31 Dec 2022.
Before investing, carefully consider the Fund’s investment goals, risks, charges, and expenses. For a prospectus or summary prospectus containing this and other information, contact your financial advisor or visit thornburg.com. Read them carefully before investing.
Investments carry risks, including possible loss of principal.