LTUGX Fees and Costs — Thornburg Limited Term U.S. Government Fund, Class R4
Data updated: 2026-08-24
The net expense ratio is 0.92%: a 0.37% management fee, a 0.25% 12b-1 fee plus 1.67% other expenses, less a 1.37% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 22%.
LTUGX Fees and Expenses
Annual operating expenses and sales charges of LTUGX. Prospectus, as of January 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.67% |
| Gross expense ratio | 2.29% |
| Fee waiver | −1.37% |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LTUGX Costs Over Time
On $10,000 invested in LTUGX, assuming 5% a year before costs, total costs come to $576 over 5 years, cutting the return by 0.97% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.92%) | $97 | $302 | $524 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $576 |
| Value after costs | $10,403 | $11,260 | $12,186 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
LTUGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $226.2M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
LTUGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $68.0M | 34.62% |
| BMO Capital Markets Corp. | $32.8M | 16.70% |
| J.P. Morgan Securities LLC | $19.9M | 10.14% |
| Citigroup Global Markets Inc. | $16.9M | 8.63% |
| RBC Capital Markets, LLC | $14.7M | 7.51% |
| Stonex Financial Inc. | $12.5M | 6.37% |
| Nomura Securities International, Inc. | $10.3M | 5.23% |
| Barclays Capital Inc. | $7.9M | 4.02% |
| BofA Securities, Inc. | $7.6M | 3.85% |
| Goldman Sachs & Co. LLC | $5.8M | 2.93% |
Thornburg Limited Term U.S. Government Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LTGRX | Class R5 | 0.67% | none |
| LTUIX | Class I | 0.67% | none |
| LTUGX | Class R4 | 0.92% | none |
| LTUSX | Class A | 0.92% | 2.25% |
| LTUCX | Class C | 1.17% | none |
| LTURX | Class R3 | 1.17% | none |
| LTUQX | Class C2 | 1.32% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.