THIIX: Thornburg Limited Term Income Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$13.86

-

1.57%

$0.22

0.49%

Vitals

YTD Return

-1.4%

1 yr return

1.1%

3 Yr Avg Return

4.7%

5 Yr Avg Return

3.3%

Net Assets

$10.3 B

Holdings in Top 10

18.0%

52 WEEK LOW AND HIGH

$13.88
$13.80
$14.17

Expenses

OPERATING FEES

Expense Ratio 0.49%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 53.84%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Short-Term Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$13.86

-

1.57%

$0.22

0.49%

THIIX - Profile

Distributions

  • YTD Total Return -1.4%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.21%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Thornburg Limited Term Income Fund
  • Fund Family Name
    Thornburg
  • Inception Date
    Jul 05, 1996
  • Shares Outstanding
    0
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jason Brady

Fund Description

The fund invests at least 65% of its net assets in (i) obligations of the U.S. government, its agencies and instrumentalities, (ii) debt obligations rated at the time of purchase in one of the three highest principal long term rating categories of S&P Global Ratings or Moody's Investors Services, Inc. or the equivalent three highest short term ratings of those ratings agencies, or, if no credit rating is available, judged to be of comparable quality.


THIIX - Performance

Return Ranking - Trailing

Period THIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -18.7% 97.5% 92.12%
1 Yr 1.1% -1.8% 17.3% 54.71%
3 Yr 4.7%* 0.9% 9.6% 4.49%
5 Yr 3.3%* 0.2% 6.7% 8.04%
10 Yr 3.4%* 0.2% 4.9% 4.67%

* Annualized

Return Ranking - Calendar

Period THIIX Return Category Return Low Category Return High Rank in Category (%)
2020 4.1% -23.0% 206.3% 5.09%
2019 2.2% -2.4% 9.3% 36.04%
2018 -1.4% -50.6% 1.0% 54.51%
2017 0.4% -2.6% 4.6% 15.27%
2016 1.2% -65.8% 10.9% 13.20%

Total Return Ranking - Trailing

Period THIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -18.7% 97.5% 92.28%
1 Yr 1.1% -6.9% 17.3% 45.62%
3 Yr 4.7%* -0.6% 9.6% 4.15%
5 Yr 3.3%* -0.6% 6.7% 7.50%
10 Yr 3.4%* 0.1% 4.9% 4.67%

* Annualized

Total Return Ranking - Calendar

Period THIIX Return Category Return Low Category Return High Rank in Category (%)
2020 4.1% -23.0% 206.3% 5.09%
2019 2.2% -2.3% 9.3% 39.22%
2018 -1.4% -7.0% 6.5% 62.19%
2017 0.4% -2.6% 8.2% 31.38%
2016 1.2% -65.2% 10.9% 23.71%

NAV & Total Return History


THIIX - Holdings

Concentration Analysis

THIIX Category Low Category High THIIX % Rank
Net Assets 10.3 B 6.34 M 79.3 B 12.50%
Number of Holdings 764 3 5100 21.50%
Net Assets in Top 10 1.86 B -154 M 12.3 B 19.11%
Weighting of Top 10 17.99% 2.3% 100.0% 71.33%

Top 10 Holdings

  1. Thornburg Capital Management 10.24%
  2. United States Treasury Notes 0.62% 1.61%
  3. United States Treasury Notes 1.12% 1.37%
  4. United States Treasury Notes 1.62% 1.22%
  5. Federal National Mortgage Association 1.5% 1.10%
  6. United States Treasury Notes 0.88% 0.96%
  7. United States Treasury Notes 1.5% 0.88%
  8. United States Treasury Notes 0.62% 0.88%
  9. Federal National Mortgage Association 2% 0.87%
  10. Federal National Mortgage Association 2% 0.85%

Asset Allocation

Weighting Return Low Return High THIIX % Rank
Bonds
88.29% 40.85% 132.53% 77.55%
Cash
10.45% -35.97% 56.06% 17.68%
Convertible Bonds
0.98% 0.00% 37.57% 81.37%
Preferred Stocks
0.28% 0.00% 23.28% 11.15%
Stocks
0.00% -0.08% 9.53% 64.49%
Other
0.00% -4.11% 19.35% 57.01%

Bond Sector Breakdown

Weighting Return Low Return High THIIX % Rank
Securitized
45.05% 0.00% 94.44% 11.94%
Corporate
36.48% 0.00% 100.00% 58.60%
Cash & Equivalents
10.45% 0.00% 56.06% 23.57%
Government
7.65% 0.00% 82.95% 69.90%
Municipal
0.37% 0.00% 88.84% 23.41%
Derivative
0.00% 0.00% 26.40% 65.29%

Bond Geographic Breakdown

Weighting Return Low Return High THIIX % Rank
US
78.51% 0.00% 113.69% 46.18%
Non US
9.78% 0.00% 73.25% 65.61%

THIIX - Expenses

Operational Fees

THIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.02% 2.47% 65.00%
Management Fee 0.32% 0.00% 1.19% 46.08%
12b-1 Fee N/A 0.00% 1.00% 15.73%
Administrative Fee 0.10% 0.01% 0.50% 59.92%

Sales Fees

THIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

THIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

THIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 53.84% 0.00% 496.37% 30.69%

THIIX - Distributions

Dividend Yield Analysis

THIIX Category Low Category High THIIX % Rank
Dividend Yield 1.57% 0.00% 1.40% 59.52%

Dividend Distribution Analysis

THIIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

THIIX Category Low Category High THIIX % Rank
Net Income Ratio 2.21% -0.50% 65.00% 23.34%

Capital Gain Distribution Analysis

THIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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THIIX - Fund Manager Analysis

Managers

Jason Brady


Start Date

Tenure

Tenure Rank

Feb 01, 2007

14.59

14.6%

Jason Brady is president and CEO of Thornburg Investment Management. He is responsible for the company’s overall strategy and direction. He is also the head of the firm’s global fixed income investment team and a portfolio manager on multiple strategies. He joined the firm in 2006, was made portfolio manager and managing director in 2007, and president and CEO in 2016. His book Income Investing: An Intelligent Approach to Profiting from Bonds, Stocks and Money Markets is a step-by-step guide to income investing. Jason holds a BA with honors in English and environmental biology from Dartmouth College, and an MBA with concentrations in analytical finance and accounting from Northwestern’s Kellogg Graduate School of Management. He is a CFA charterholder. Prior to joining Thornburg, Jason was a portfolio manager with Fortis Investments in Boston, and has held various positions at Fidelity Investments and Lehman Brothers. Jason holds a BA with honors in English and environmental biology from Dartmouth College, and an MBA with concentrations in analytical finance and accounting from Northwestern’s Kellogg Graduate School of Management. He is a CFA charterholder. Prior to joining Thornburg, Jason was a portfolio manager with Fortis Investments in Boston, and has held various positions at Fidelity Investments and Lehman Brothers.

Lon Erickson


Start Date

Tenure

Tenure Rank

Feb 01, 2010

11.59

11.6%

Lon Erickson is portfolio manager for Thornburg Investment Management. He joined Thornburg in 2008 and was made portfolio manager and managing director in 2010. Lon earned a BA in business administration with a minor in economics from Illinois Wesleyan University and an MBA from the University of Chicago’s Graduate School of Business. He is a CFA charterholder. Prior to joining Thornburg Investment Management, Lon spent almost 11 years as an analyst for State Farm Insurance in the equity and corporate bond departments.

Jeff Klingelhofer


Start Date

Tenure

Tenure Rank

Feb 01, 2015

6.58

6.6%

Jeff Klingelhofer, CFA Co-Head of Investments and Managing Director Jeff Klingelhofer is co-head of investments for Thornburg Investment Management. He is responsible for driving the investment process at the firm level. Jeff is also a portfolio manager on multiple strategies. He joined the firm in 2010, then was promoted to associate portfolio manager in 2012. In 2015, Jeff was made portfolio manager and managing director. Jeff earned a BA in economics with a minor in business from the University of California at Irvine, and an MBA from the University of Chicago Booth School of Business in 2010. He is also a CFA charterholder. Prior to joining Thornburg Investment Management, Jeff spent four years with PIMCO, where he was responsible for monitoring portfolio leverage and risk tolerances. Jeff also worked as a commercial mortgage-backed securities intern with ratings agency DBRS and interned with the CalPERS alternative assets team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.02 5.86 1.67