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THGBX Thornburg International Value B

  • Fund
  • THGBX
  • Price as of: Nov 09, 2016
  • $21.06
  • - $0.00
  • - 0.00%
  • Category
  • Foreign Large Cap Value Equities

THGBX - Profile

Vitals

  • YTD Return -3.2%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $7.77 B
  • Holdings in Top 10 34.4%

52 WEEK LOW AND HIGH

$21.06
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.24%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 70.88%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2009-08-03

STANDARD (TAXABLE)

$5,000

IRA

$2,000

Investment Themes

CATEGORY

Foreign Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Foreign Large Growth

Distributions

  • YTD Total Return -3.1%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.14%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Thornburg International Value Fund
  • Fund Family Name Thornburg
  • Inception Date Apr 03, 2000
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Lei Wang

Fund Description

The fund invests primarily in foreign equity securities or depository receipts of foreign equity securities. The fund may invest in developing countries, but under normal conditions those investments are expected to comprise a significantly smaller proportion of the fund than investments in developed countries.

THGBX - Performance

Return Ranking - Trailing

Period THGBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.2% -32.9% 29.1% 81.79% 5
1 Yr -11.7% -25.2% 57.8% 91.33% 5
3 Yr 0.7% * -10.7% 11.1% 86.57% 5
5 Yr 0.6% * -3.3% 9.0% 63.60% 4
10 Yr 2.5% * -2.3% 13.2% 85.07% 5

* Annualized


Return Ranking - Calendar

Period THGBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -11.8% -93.5% 25.7% 22.70% 2
2017 -15.3% -15.3% 31.4% 90.65% 5
2016 13.8% -27.4% 208.8% 6.55% 1
2015 13.8% -27.4% 21.2% 5.24% 1
2014 -14.5% -18.8% 21.2% 80.47% 5

Total Return Ranking - Trailing

Period THGBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.1% -32.9% 29.1% 81.63% 5
1 Yr -15.4% -22.4% 47.1% 92.93% 5
3 Yr -0.2% * -10.7% 65.3% 88.81% 5
5 Yr 0.3% * -3.6% 9.0% 63.60% 4
10 Yr 2.5% * -2.7% 13.2% 85.52% 5

* Annualized


Total Return Ranking - Calendar

Period THGBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 6.7% -93.5% 25.7% 2.84% 1
2017 -8.4% -8.4% 31.4% 92.09% 5
2016 19.6% -19.3% 209.7% 6.55% 1
2015 21.0% -14.4% 31.1% 4.85% 1
2014 -19.2% -19.2% 32.0% 94.98% 5

NAV & Total Return History

THGBX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

THGBX Category Low Category High THGBX % Rank Quintile
Net Assets 7.77 B 1.2 M 28.7 B 2.98% 1
Number of Holdings 60 2 5325 25.50% 5
Net Assets in Top 10 2.68 B 158 K 7.54 B 1.66% 1
Weighting of Top 10 34.4% 5.7% 100.0% 3.97% 1

Top 10 Holdings

  1. Novartis AG 3.23%
  2. Nippon Telegraph & Telephone Corp 3.03%
  3. Thornburg Capital Management 9.46%
  4. Nestle SA 3.12%
  5. Total SA 3.21%
  6. UBS Group AG 2.40%
  7. Aviva PLC 2.34%
  8. East Japan Railway Co 2.82%
  9. Seven & i Holdings Co Ltd 2.37%
  10. Atlantia SpA 2.37%

Asset Allocation

Weighting Category Low Category High THGBX % Rank Quintile
Stocks
90.48% 2.88% 100.68% 35.43% 5
Cash
9.04% -3.85% 50.35% 1.66% 1
Other
0.38% -44.85% 9.80% 12.58% 2
Bonds
0.09% 0.00% 63.29% 4.97% 1
Preferred Stocks
0.00% 0.00% 3.39% 6.62% 1
Convertible Bonds
0.00% 0.00% 0.48% 1.66% 1

Stock Sector Breakdown

Weighting Category Low Category High THGBX % Rank Quintile
Financial Services
15.68% 0.00% 40.04% 33.77% 5
Healthcare
13.38% 0.10% 16.23% 2.98% 1
Industrials
13.34% 0.00% 26.97% 9.27% 2
Consumer Cyclical
11.25% 0.00% 18.88% 18.87% 3
Consumer Defense
9.80% 0.46% 30.36% 8.94% 2
Energy
7.04% 0.00% 18.68% 23.18% 4
Technology
6.75% 0.36% 24.84% 20.53% 3
Communication Services
5.54% 0.00% 17.47% 15.23% 3
Basic Materials
4.18% 0.08% 15.99% 30.13% 5
Utilities
2.53% 0.00% 21.13% 17.55% 3
Real Estate
0.00% 0.00% 6.61% 27.81% 5

Stock Geographic Breakdown

Weighting Category Low Category High THGBX % Rank Quintile
Non US
88.36% 4.61% 100.64% 33.11% 5
US
2.12% -1.73% 60.54% 14.57% 2

Bond Sector Breakdown

Weighting Category Low Category High THGBX % Rank Quintile
Cash & Equivalents
0.04% -6.47% 97.12% 29.80% 5
Derivative
0.00% -7.04% 6.70% 4.64% 1
Securitized
0.00% 0.00% 0.25% 1.99% 1
Corporate
0.00% 0.00% 3.57% 8.94% 2
Municipal
0.00% 0.00% 3.33% 0.66% 1
Government
0.00% 0.00% 9.84% 4.30% 1

Bond Geographic Breakdown

Weighting Category Low Category High THGBX % Rank Quintile
US
0.09% 0.00% 63.29% 4.97% 1
Non US
0.00% 0.00% 0.00% 0.33% 1

THGBX - Expenses

Operational Fees

THGBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.24% 0.01% 4.41% 6.62% 5
Management Fee 0.70% 0.00% 1.28% 8.94% 2
12b-1 Fee 1.00% 0.00% 1.00% 0.54% 4
Administrative Fee 0.13% 0.00% 0.50% 8.02% 3

Sales Fees

THGBX Fees (% of AUM) Category Low Category High THGBX Rank Quintile
Front Load N/A 0.08% 5.75% N/A N/A
Deferred Load 5.00% 1.00% 5.00% 1.92% 4

Trading Fees

THGBX Fees (% of AUM) Category Low Category High THGBX Rank Quintile
Max Redemption Fee N/A 0.08% 2.00% N/A N/A

Turnover 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.

THGBX Fees (% of AUM) Category Low Category High THGBX Rank Quintile
Turnover 70.88% 2.00% 224.00% 6.95% 4

THGBX - Distributions

Dividend Yield Analysis

THGBX Category Low Category High THGBX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.51% 37.89% 2

Dividend Distribution Analysis

THGBX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

THGBX Category Low Category High THGBX % Rank Quintile
Net Income Ratio -0.14% -0.14% 4.57% 62.91% 5

Capital Gain Distribution Analysis

THGBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

THGBX - Managers

Lei Wang

Manager

Start Date

Feb 01, 2006

Tenure

10.5

Tenure Rank

5.1%

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.


William V. Fries

Manager

Start Date

May 28, 1998

Tenure

18.19

Tenure Rank

1.6%

Bill Fries is portfolio manager for Thornburg Investment Management. He joined the firm in 1995 as the founding portfolio manager for Thornburg’s first equity strategy. Bill was named Morningstar’s 2003 International Fund Manager of the Year. He was also recognized with the Excellence in Fund Management Award by BusinessWeek Magazine/Standard & Poor’s in both 2004 and 2005. He was again acknowledged in 2006 with the Excellence in Fund Management Award and in 2012 with a Lipper Award.


Di Zhou

Manager

Start Date

Dec 08, 2015

Tenure

0.65

Tenure Rank

20.8%

Di Zhou is portfolio manager for Thornburg Investment Management. She joined Thornburg in 2010 as an equity research analyst and was promoted to associate portfolio manager in 2014, then to portfolio manager in 2015. Di holds a BA in business administration from University of Southern California and an MBA from the University of Chicago’s Booth School of Business. She is a CFA charterholder and a certified Financial Risk Manager (FRM). Prior to graduate school, Di was a senior associate at Wilshire Associates, covering growth equity and fixed income manager research.


Tenure Analysis

Category Low

0.0

Category High

25.8

Category Average

6.18

Category Mode

4.3