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Trending ETFs

Thornburg International Growth Fund

mutual fund
TINVX
Payout Change
Pending
Price as of:
$23.28 +0.12 +0.52%
primary theme
International Large-Cap Growth Equity
TINVX (Mutual Fund)

Thornburg International Growth Fund

Payout Change
Pending
Price as of:
$23.28 +0.12 +0.52%
primary theme
International Large-Cap Growth Equity
TINVX (Mutual Fund)

Thornburg International Growth Fund

Payout Change
Pending
Price as of:
$23.28 +0.12 +0.52%
primary theme
International Large-Cap Growth Equity

Name

As of 11/29/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.28

$894 M

0.23%

$0.05

2.01%

Vitals

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%

52 WEEK LOW AND HIGH

$23.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/29/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.28

$894 M

0.23%

$0.05

2.01%

TINVX - Profile

Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.42%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Thornburg International Growth Fund
  • Fund Family Name
    THORNBURG
  • Inception Date
    Feb 01, 2008
  • Shares Outstanding
    371094
  • Share Class
    R4
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Sean Koung Sun

Fund Description

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.

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TINVX - Performance

Return Ranking - Trailing

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

Return Ranking - Calendar

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%

Total Return Ranking - Trailing

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

Total Return Ranking - Calendar

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%

NAV & Total Return History


TINVX - Holdings

Concentration Analysis

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%

Top 10 Holdings

  1. Novo Nordisk A/S 5.72%
  2. Taiwan Semiconductor Manufacturing Co Ltd 5.44%
  3. ASML Holding NV 4.94%
  4. Tencent Holdings Ltd 4.03%
  5. AstraZeneca PLC 3.84%
  6. Nomura Research Institute Ltd 3.57%
  7. Mastercard Inc 3.45%
  8. MercadoLibre Inc 3.16%
  9. Beiersdorf AG 2.97%
  10. Lonza Group AG 2.84%

Asset Allocation

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%

Stock Sector Breakdown

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%

Stock Geographic Breakdown

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 - Expenses

Operational Fees

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%

Sales Fees

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

Trading Fees

TINVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

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 - Distributions

Dividend Yield Analysis

TINVX Category Low Category High TINVX % Rank
Dividend Yield 0.23% 0.00% 12.70% 72.82%

Dividend Distribution Analysis

TINVX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

TINVX Category Low Category High TINVX % Rank
Net Income Ratio -0.42% -1.69% 3.16% 85.11%

Capital Gain Distribution Analysis

TINVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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TINVX - Fund Manager Analysis

Managers

Sean Koung Sun


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.

Emily Leveille


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.

Nicholas Anderson


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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 26.94 7.78 20.01