Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
16.3%
1 yr return
19.9%
3 Yr Avg Return
4.3%
5 Yr Avg Return
9.1%
Net Assets
$2.56 B
Holdings in Top 10
30.7%
Expense Ratio 0.94%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund invests primarily in common stocks of non-U.S. companies and depositary receipts associated with such stocks. The Fund may invest in developing countries. Under normal conditions, the Fund will invest at least 80% of its net assets in common stocks or depositary receipts. As used herein, the term “net assets” includes the amount of any borrowings made by the Fund for investment purposes.
The Fund’s investment advisor, Thornburg Investment Management, Inc. (“Thornburg”), intends to invest on an opportunistic basis where the Fund’s portfolio managers believe intrinsic value is not recognized by the marketplace. The Fund seeks to identify value in a broad or different context by investing in a diversified portfolio of stocks the Fund categorizes as basic values, consistent earners, and emerging franchises, when the portfolio managers believe these issues are value priced. The relative proportions of securities invested in each of those categories will vary over time. The Fund seeks to invest in promising companies, and may invest in stocks that reflect unfavorable market perceptions of the company or industry fundamentals. The Fund may invest in companies of any size, but invests primarily in the large and middle capitalization range of publicly traded companies.
The Fund’s investments are determined by individual issuer and industry analysis. Investment decisions are based on domestic and international economic developments, outlooks for securities markets, interest rates and inflation, the supply and demand for securities, and analysis of specific issuers.
Thornburg typically categorizes the Fund’s equity investments in one of the following three categories:
Basic Value: Companies generally operating in mature or cyclical industries and which generally exhibit more economic sensitivity and/or higher volatility in earnings and cash flow.
Consistent Earner: Companies which generally exhibit predictable growth, profitability, cash flow and/or dividends.
Emerging Franchise: Companies with the potential to grow at an above average rate because of a product or service that is establishing a new market and/or taking share from existing participants.
Inclusion of any investment in any of the three described categories represents Thornburg’s opinion concerning the characteristics and prospects of the investment. There is no assurance that any company selected for investment will, once categorized in one of the three described investment categories, continue to have the positive characteristics or fulfill the expectations that Thornburg had for the company when it was selected for investment, and any such company may not grow or may decline in earnings and size.
The Fund may sell an investment if Thornburg has identified a better investment opportunity, in response to changes in the conditions or business of the investment’s issuer or changes in overall market conditions, if Thornburg has a target price for the investment and that target price has been achieved, or if, in Thornburg’s opinion, the investment no longer serves to achieve the Fund’s investment goals.
The Fund’s policy of investing at least 80% of its net assets in common stocks or depositary receipts may be changed by the Fund’s Trustees without a shareholder vote upon 60 days’ notice to shareholders.
Period | TGIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.3% | -3.5% | 28.3% | 2.84% |
1 Yr | 19.9% | -1.8% | 35.5% | 5.37% |
3 Yr | 4.3%* | -13.8% | 47.8% | 19.71% |
5 Yr | 9.1%* | -34.2% | 74.9% | 5.09% |
10 Yr | 7.2%* | 1.0% | 32.0% | 5.77% |
* Annualized
Period | TGIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.3% | -1.4% | 22.0% | 49.61% |
2022 | -18.4% | -43.6% | 71.3% | 54.08% |
2021 | -5.7% | -28.5% | 18.9% | 88.13% |
2020 | 18.5% | -90.1% | 992.1% | 12.37% |
2019 | 21.3% | -1.9% | 38.8% | 29.96% |
Period | TGIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.3% | -3.5% | 28.3% | 2.84% |
1 Yr | 19.9% | -1.8% | 35.5% | 5.37% |
3 Yr | 4.3%* | -13.8% | 47.8% | 19.71% |
5 Yr | 9.1%* | -34.2% | 74.9% | 5.09% |
10 Yr | 7.2%* | 1.0% | 32.0% | 5.77% |
* Annualized
Period | TGIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.3% | 3.2% | 23.8% | 50.39% |
2022 | -16.6% | -43.6% | 144.8% | 61.44% |
2021 | 7.8% | -22.6% | 56.0% | 72.36% |
2020 | 22.5% | -89.7% | 1010.8% | 8.03% |
2019 | 29.7% | 4.3% | 38.8% | 2.48% |
TGIRX | Category Low | Category High | TGIRX % Rank | |
---|---|---|---|---|
Net Assets | 2.56 B | 3.3 M | 425 B | 27.30% |
Number of Holdings | 57 | 1 | 10481 | 77.69% |
Net Assets in Top 10 | 910 M | 1.01 M | 47.5 B | 23.87% |
Weighting of Top 10 | 30.65% | 4.6% | 147.7% | 28.41% |
Weighting | Return Low | Return High | TGIRX % Rank | |
---|---|---|---|---|
Stocks | 99.48% | 0.00% | 102.63% | 6.24% |
Cash | 0.58% | 0.00% | 44.84% | 86.90% |
Preferred Stocks | 0.00% | -0.05% | 6.89% | 71.61% |
Convertible Bonds | 0.00% | 0.00% | 4.18% | 43.19% |
Bonds | 0.00% | 0.00% | 95.29% | 46.65% |
Other | -0.07% | -2.12% | 47.54% | 95.48% |
Weighting | Return Low | Return High | TGIRX % Rank | |
---|---|---|---|---|
Industrials | 21.93% | 5.17% | 99.49% | 4.32% |
Technology | 17.41% | 0.00% | 36.32% | 5.92% |
Financial Services | 15.49% | 0.00% | 47.75% | 79.52% |
Utilities | 8.96% | 0.00% | 13.68% | 1.12% |
Basic Materials | 7.76% | 0.00% | 23.86% | 57.60% |
Consumer Cyclical | 7.28% | 0.00% | 36.36% | 86.72% |
Consumer Defense | 7.24% | 0.00% | 32.29% | 85.44% |
Healthcare | 5.45% | 0.00% | 20.35% | 95.84% |
Energy | 4.32% | 0.00% | 16.89% | 64.00% |
Communication Services | 4.15% | 0.00% | 21.69% | 81.28% |
Real Estate | 0.00% | 0.00% | 14.59% | 84.80% |
Weighting | Return Low | Return High | TGIRX % Rank | |
---|---|---|---|---|
Non US | 83.96% | 0.00% | 99.44% | 75.04% |
US | 15.52% | 0.00% | 102.01% | 13.42% |
TGIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.94% | 0.01% | 19.62% | 56.72% |
Management Fee | 0.78% | 0.00% | 1.65% | 74.57% |
12b-1 Fee | N/A | 0.00% | 1.00% | 2.20% |
Administrative Fee | 0.10% | 0.01% | 1.00% | 60.39% |
TGIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
TGIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
TGIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 247.00% | 77.81% |
TGIRX | Category Low | Category High | TGIRX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.95% | 0.00% | 17.49% | 56.63% |
TGIRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
TGIRX | Category Low | Category High | TGIRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.49% | -0.93% | 6.38% | 52.80% |
TGIRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Nov 21, 2024 | $0.081 | CapitalGainShortTerm |
Nov 21, 2024 | $1.227 | CapitalGainLongTerm |
Dec 14, 2023 | $0.538 | OrdinaryDividend |
Nov 16, 2023 | $0.098 | CapitalGainLongTerm |
Dec 15, 2022 | $0.487 | OrdinaryDividend |
Dec 16, 2021 | $0.452 | OrdinaryDividend |
Nov 18, 2021 | $3.434 | OrdinaryDividend |
Dec 17, 2020 | $0.159 | OrdinaryDividend |
Nov 19, 2020 | $0.766 | OrdinaryDividend |
Dec 20, 2019 | $0.330 | OrdinaryDividend |
Nov 14, 2019 | $1.284 | CapitalGainLongTerm |
Dec 21, 2018 | $0.394 | OrdinaryDividend |
Dec 22, 2017 | $0.017 | OrdinaryDividend |
Nov 17, 2017 | $0.643 | CapitalGainShortTerm |
Nov 17, 2017 | $3.386 | CapitalGainLongTerm |
Sep 22, 2017 | $0.130 | OrdinaryDividend |
Jun 23, 2017 | $0.134 | OrdinaryDividend |
Mar 24, 2017 | $0.051 | OrdinaryDividend |
Sep 26, 2016 | $0.205 | OrdinaryDividend |
Jun 24, 2016 | $0.275 | OrdinaryDividend |
Dec 24, 2015 | $0.030 | OrdinaryDividend |
Nov 19, 2015 | $4.254 | CapitalGainLongTerm |
Sep 24, 2015 | $0.140 | OrdinaryDividend |
Jun 24, 2015 | $0.221 | OrdinaryDividend |
Dec 24, 2014 | $0.068 | OrdinaryDividend |
Nov 19, 2014 | $2.520 | CapitalGainLongTerm |
Sep 24, 2014 | $0.171 | OrdinaryDividend |
Jun 24, 2014 | $0.268 | OrdinaryDividend |
Dec 24, 2013 | $0.037 | OrdinaryDividend |
Sep 24, 2013 | $0.110 | OrdinaryDividend |
Jun 24, 2013 | $0.186 | OrdinaryDividend |
Mar 22, 2013 | $0.133 | OrdinaryDividend |
Sep 24, 2012 | $0.110 | OrdinaryDividend |
Jun 25, 2012 | $0.184 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Feb 01, 2006
16.34
16.3%
Lei Wang is portfolio manager for Thornburg Investment Management. He joined Thornburg Investment Management in 2004 as associate portfolio manager and was promoted to portfolio manager in 2006. Lei holds a BA and an MA from East China Normal University and an MBA from New York University. He is a CFA charterholder. Prior to joining Thornburg, he served as an associate for Deutsche Bank as well as for Enso Capital Management. He has also worked as a bank supervision manager at China’s central bank.
Start Date
Tenure
Tenure Rank
Jan 15, 2021
1.37
1.4%
Matt Burdett is portfolio manager for Thornburg Investment Management. He rejoined the firm in 2015 as an associate portfolio manager and was promoted to portfolio manager in 2018. Matt spent several years as a senior vice president and portfolio manager at PIMCO, where he co-managed various dividend-oriented strategies. Prior to his time at PIMCO, Matt worked as an equity analyst at Thornburg. Matt was director of healthcare investment banking at CIBC World Markets / Oppenheimer prior to joining Thornburg in 2010. Earlier in his career, he was a medicinal chemist at Sunesis Pharmaceuticals. Matt holds an MBA from the Marshall School of Business at the University of Southern California and a bachelor’s degree in chemistry from the University of California, Berkeley.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.35 | 6.32 | 3.25 |
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