Thornburg Limited Term U.S. Government Fund is a straightforward laddered portfolio–with an over 25-year track record–of bonds issued by the U.S. government. We do not reach for yield with this portfolio, but consider it a valuable part of an investor’s overall asset allocation.
“The fund seeks to provide U.S. government-guaranteed cash flows without outsized interest-rate exposure, along with relative safety and stability. Though certainly not the most adventurous of portfolios, the fund has an over 25-year track record and can fit well into a larger asset allocation.”
— Jason Brady
The fund is a 10-year ladder of U.S. government bonds (U.S. Treasuries and other bonds issued by U.S. government agencies). Following our tradition of quality and transparency, we don’t employ leverage or the use of derivatives in the management of this fund. We believe the few extra basis points of yield potential they provide aren’t worth their added risk and complexity.
2012 – The firm ranked #1 out of 41 eligible firms in Lipper Inc.’s fixed income large firm universe for the three-year period ended 11/30/11.
2008 – The firm ranked #1 out of 41 eligible firms in Lipper Inc.’s fixed income large firm universe for the three-year period ended 12/31/07.