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 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
5.4%
1 yr return
9.9%
3 Yr Avg Return
-1.5%
5 Yr Avg Return
4.3%
Net Assets
$894 M
Holdings in Top 10
39.9%
Expense Ratio 2.01%
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 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund expects to invest primarily in equity securities from issuers around the world (primarily common stocks) selected for their growth potential and, under normal market conditions, invests at least 75% of its net assets in foreign securities or depositary receipts of foreign securities. However, the Fund may own a variety of securities, including domestic equity securities. The Fund may invest in developing countries. 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 in companies that it believes will have growing revenues and earnings. The Fund can invest in companies of any size, from larger, well-established companies to smaller, emerging growth 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:
Growth Industry Leader: Companies in this category often have leadership positions in growing markets. In some cases these companies may have dominant market share. These companies tend to be larger and more established.
Consistent Grower: Companies in this category generally exhibit steady earnings or revenue growth, or both. These companies may have subscription or other recurring revenue profiles. Given their business models, these companies may outperform in weak markets.
Emerging Growth: Companies often addressing a new market or carving out a niche in an existing market. Companies in this category may experience rapid growth, and tend to be smaller, earlier stage companies. These companies may exhibit high volatility.
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.
In conjunction with individual issuer analysis, Thornburg may identify and invest at times with a greater emphasis in industries or economic sectors it expects to experience growth. This approach may at times produce a greater emphasis on investment in certain industries or economic sectors, such as technology, financial services, healthcare or biotechnology. The Fund does not have a strategy to invest in particular industry or economic sectors, and its exposures to particular industries or economic sectors are expected to vary over time. Investment decisions are also based on domestic and international economic developments, outlooks for securities markets, interest rates and inflation, and the supply and demand for securities.
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.
Period | TINVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.4% | -5.0% | 34.5% | 70.26% |
1 Yr | 9.9% | 0.2% | 38.1% | 76.58% |
3 Yr | -1.5%* | -9.6% | 9.2% | 62.33% |
5 Yr | 4.3%* | -1.9% | 13.1% | 79.66% |
10 Yr | 5.0%* | 1.7% | 9.6% | 69.59% |
* Annualized
Period | TINVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.7% | -0.4% | 28.6% | 23.16% |
2022 | -26.6% | -49.5% | -15.2% | 51.46% |
2021 | -10.7% | -22.2% | 19.3% | 93.15% |
2020 | 32.5% | -3.7% | 85.0% | 12.89% |
2019 | 24.7% | -4.0% | 45.1% | 61.90% |
Period | TINVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.4% | -5.0% | 34.5% | 70.26% |
1 Yr | 9.9% | 0.2% | 38.1% | 76.58% |
3 Yr | -1.5%* | -9.6% | 9.2% | 62.33% |
5 Yr | 4.3%* | -1.9% | 13.1% | 79.66% |
10 Yr | 5.0%* | 1.7% | 9.6% | 69.59% |
* Annualized
Period | TINVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.9% | 1.8% | 28.6% | 30.79% |
2022 | -26.3% | -44.4% | -11.0% | 58.89% |
2021 | -4.6% | -20.6% | 20.5% | 94.52% |
2020 | 34.2% | 7.6% | 97.1% | 14.04% |
2019 | 25.8% | 0.5% | 45.3% | 86.35% |
TINVX | Category Low | Category High | TINVX % Rank | |
---|---|---|---|---|
Net Assets | 894 M | 201 K | 133 B | 64.47% |
Number of Holdings | 46 | 4 | 1806 | 76.32% |
Net Assets in Top 10 | 352 M | 70.5 K | 36.7 B | 56.84% |
Weighting of Top 10 | 39.95% | 10.1% | 99.9% | 25.53% |
Weighting | Return Low | Return High | TINVX % Rank | |
---|---|---|---|---|
Stocks | 100.64% | 86.17% | 119.36% | 3.42% |
Preferred Stocks | 0.00% | 0.00% | 10.21% | 82.63% |
Other | 0.00% | -1.08% | 3.89% | 81.84% |
Convertible Bonds | 0.00% | 0.00% | 2.45% | 77.57% |
Cash | 0.00% | 0.00% | 19.02% | 98.95% |
Bonds | 0.00% | 0.00% | 0.03% | 77.11% |
Weighting | Return Low | Return High | TINVX % Rank | |
---|---|---|---|---|
Technology | 19.11% | 1.51% | 38.21% | 35.62% |
Financial Services | 14.60% | 0.00% | 38.62% | 47.23% |
Communication Services | 14.06% | 0.00% | 41.13% | 3.17% |
Consumer Cyclical | 13.14% | 0.00% | 46.28% | 32.72% |
Consumer Defense | 12.06% | 0.00% | 25.77% | 27.70% |
Healthcare | 10.52% | 1.36% | 29.58% | 83.11% |
Industrials | 9.45% | 0.68% | 31.28% | 90.77% |
Basic Materials | 5.90% | 0.00% | 23.15% | 68.07% |
Energy | 1.18% | 0.00% | 24.97% | 56.99% |
Utilities | 0.00% | 0.00% | 9.05% | 90.77% |
Real Estate | 0.00% | 0.00% | 6.64% | 89.71% |
Weighting | Return Low | Return High | TINVX % Rank | |
---|---|---|---|---|
Non US | 68.29% | 0.00% | 100.55% | 89.47% |
US | 32.35% | 0.00% | 100.02% | 10.79% |
TINVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.01% | 0.01% | 10.12% | 10.05% |
Management Fee | 0.85% | 0.00% | 1.50% | 83.68% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 47.40% |
Administrative Fee | 0.10% | 0.03% | 0.80% | 64.29% |
TINVX 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% | 5.00% | N/A |
TINVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
TINVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 7.00% | 149.00% | 33.89% |
TINVX | Category Low | Category High | TINVX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.23% | 0.00% | 12.70% | 72.82% |
TINVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
TINVX | Category Low | Category High | TINVX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.42% | -1.69% | 3.16% | 85.11% |
TINVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Nov 21, 2024 | $1.888 | CapitalGainLongTerm |
Dec 14, 2023 | $0.053 | OrdinaryDividend |
Dec 15, 2022 | $0.069 | OrdinaryDividend |
Nov 18, 2021 | $1.990 | OrdinaryDividend |
Nov 19, 2020 | $0.377 | OrdinaryDividend |
Dec 20, 2019 | $0.071 | OrdinaryDividend |
Nov 14, 2019 | $0.112 | CapitalGainLongTerm |
Nov 15, 2018 | $0.748 | CapitalGainLongTerm |
Nov 17, 2017 | $0.051 | CapitalGainShortTerm |
Nov 17, 2017 | $0.761 | CapitalGainLongTerm |
Sep 22, 2017 | $0.002 | OrdinaryDividend |
Sep 26, 2016 | $0.014 | OrdinaryDividend |
Nov 19, 2014 | $0.981 | CapitalGainLongTerm |
Nov 19, 2013 | $0.220 | CapitalGainShortTerm |
Nov 19, 2013 | $0.348 | CapitalGainLongTerm |
Mar 26, 2012 | $0.028 | OrdinaryDividend |
Dec 27, 2010 | $0.043 | OrdinaryDividend |
Dec 24, 2009 | $0.067 | OrdinaryDividend |
Dec 26, 2008 | $0.203 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Feb 01, 2017
5.33
5.3%
Sean Sun is a portfolio manager for Thornburg Investment Management. He joined the firm in 2012 as an equity research analyst and was promoted to associate portfolio manager in 2015 and portfolio manager in 2017. Sean holds an MBA with concentrations in finance and entrepreneurship from the University of Chicago Booth School of Business and a BA in economics from the University of California at Berkeley, where he was a Regents’ and Chancellor’s Scholar. He is also a CFA charterholder. Prior to joining Thornburg, Sean held portfolio analysis and modeling positions at Bank of America. Prior to business school, he was a product manager at HSBC.
Start Date
Tenure
Tenure Rank
Nov 01, 2021
0.58
0.6%
Emily Leveille is a portfolio manager for Thornburg Investment Management. She joined the firm in 2021. Prior to Thornburg, Emily was with Nordea Asset Management in Copenhagen, Denmark, where she was a portfolio manager for emerging market growth strategies after initially joining as an analyst responsible for investments in Latin America. Before Nordea, Emily was an analyst with Ashmore Group (Emerging Markets Management) in Washington, DC, and she also worked as a consultant advising multinational corporations in Latin America. Emily holds a BA in politics from New York University and is a CFA charterholder.
Start Date
Tenure
Tenure Rank
Nov 01, 2021
0.58
0.6%
Nicholas Anderson is a portfolio manager for Thornburg Investment Management. He joined the firm in 2016 as an equity research analyst, was promoted to senior equity research analyst in 2020, an associate portfolio manager in early 2021, and portfolio manager in late 2021. Nick holds an MBA with honors from the University of Chicago Booth School of Business and a BA with honors from the University of North Carolina at Chapel Hill, where he was a Robertson Scholar. Prior to joining Thornburg, Nick worked for Prudential plc and Eastspring Investments in Hong Kong, Vietnam, and Singapore. He is a CFA charterholder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 26.94 | 7.78 | 20.01 |
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