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Thornburg Ultra Short Income Fund Class A TLDAX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | TLDAX | Replication |
|---|---|---|
| Annualized growth | 3.6% | 3.4% |
| Annualized volatility | 0.6% | 0.4% |
| Sharpe ratio | 5.80 | 7.82 |
| Maximum drawdown | 1.4% | 0.6% |
| Replication fit (R²) | 0.39 · Tracking error 0.5% | |
Replication portfolio
The published portfolio below is the investable basket used to model TLDAX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| BIL | FI · Ultra-Short | 82.9% |
| VGSH | FI · Short Gov | 17.1% |