Expense Ratio History

TLDAX expense ratio history

Thornburg Ultra Short Income Fund, Thornburg Ultra Short Income Fund Class A

Fund company
Thornburg Investment
Type
Mutual fund

0.86%

In basis points
86 basis points
Yearly cost per $10,000
$86
Prospectus dated
1 February 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 0.88% on 1 February 2026

Fee over time

TLDAX expense ratio: 1.73% until 1 Feb 2015, then 3.14%; 3.14% until 1 Feb 2016, then 2.10%; 2.10% until 1 Feb 2017, then 1.74%; 1.74% until 1 Feb 2018, then 1.73%; 1.73% until 1 Feb 2019, then 1.82%; 1.82% until 1 Feb 2020, then 1.65%; 1.65% until 30 Sep 2020, then 1.50%; 1.50% until 1 Feb 2021, then 1.84%; 1.84% until 1 Feb 2022, then 1.38%; 1.38% until 1 Feb 2023, then 1.05%; 1.05% until 1 Feb 2024, then 0.86%; 0.86% until 1 Feb 2025, then 0.88%; 0.88% until 1 Feb 2026, then 0.86%; read at 0.86% on 1 Feb 2026.0.00%2.00%4.00%6.00%Dec 2013Jan 2016Feb 2018Mar 2020Apr 2022May 20241.73% before0.86% from 1 Feb 2026
TLDAX expense ratio: 1.73% until 1 Feb 2015, then 3.14%; 3.14% until 1 Feb 2016, then 2.10%; 2.10% until 1 Feb 2017, then 1.74%; 1.74% until 1 Feb 2018, then 1.73%; 1.73% until 1 Feb 2019, then 1.82%; 1.82% until 1 Feb 2020, then 1.65%; 1.65% until 30 Sep 2020, then 1.50%; 1.50% until 1 Feb 2021, then 1.84%; 1.84% until 1 Feb 2022, then 1.38%; 1.38% until 1 Feb 2023, then 1.05%; 1.05% until 1 Feb 2024, then 0.86%; 0.86% until 1 Feb 2025, then 0.88%; 0.88% until 1 Feb 2026, then 0.86%; read at 0.86% on 1 Feb 2026.0.00%2.00%4.00%6.00%Dec 2013Feb 2018Apr 20221.73% before0.86% from 1 Feb 2026
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 2 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
TLDAX (this page) Thornburg Ultra Short Income Fund Class A 0.86% 0.60% 1 Feb 2026
TLDIX Thornburg Ultra Short Income Fund Class I 0.54% 0.35% 1 Feb 2026

Every figure we've recorded

DateFeeWhat happened
1 Feb 2026 0.86% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2026 0.86% Cut from 0.88% to 0.86%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-01-28
1 Feb 2025 0.88% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2025 0.88% Raised from 0.86% to 0.88%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2025-01-31
1 Feb 2024 0.86% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2024 0.86% Cut from 1.05% to 0.86%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-01-31
1 Feb 2023 1.05% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2023 1.05% Cut from 1.38% to 1.05%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2023-02-01
1 Feb 2022 1.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2022 1.38% Cut from 1.84% to 1.38%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2022-03-08
1 Feb 2021 1.84% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2021 1.84% Raised from 1.50% to 1.84%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-05-21
30 Sep 2020 1.50% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-09-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Sep 2020 1.50% Cut from 1.65% to 1.50%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-09-29
1 Feb 2020 1.65% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2020 1.65% Cut from 1.82% to 1.65%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-02-21
1 Feb 2019 1.82% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2019 1.82% Raised from 1.73% to 1.82%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2019-05-17
15 Jun 2018 1.73% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-06-15 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2018 1.73% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2018 1.73% Cut from 1.74% to 1.73%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2018-02-23
10 Apr 2017 1.74% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-04-10 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2017 1.74% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2017 1.74% Cut from 2.10% to 1.74%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-02-15
1 Feb 2016 2.10% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2016 2.10% Cut from 3.14% to 2.10%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-02-11
1 Feb 2015 3.14% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2015 3.14% Raised from 1.73% to 3.14%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-02-13
30 Dec 2013 1.73% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-12-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.86% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,064 in fees over 10 years

After fees, $10,000 grows to $14,972.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$88
3 years$275
5 years$479
10 years$1,064

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 16 prospectuses for this share class since 2013. Each one is listed above with a link to the filing.

How we read fees

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