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TVCFX Thornburg Value C

  • Fund
  • TVCFX
  • Price as of: Aug 08, 2016
  • $49.46
  • - $0.08
  • - 0.16%
  • Category
  • Large Cap Blend Equities

TVCFX - Profile

Vitals

  • YTD Return 3.0%
  • 3 Yr Annualized Return 10.4%
  • 5 Yr Annualized Return 8.3%
  • Net Assets $893 M
  • Holdings in Top 10 41.1%

52 WEEK LOW AND HIGH

$49.46
$41.43
$49.54

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.12%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 59.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

$2,000

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return 10.4%
  • 5 Yr Annualized Total Return 8.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.61%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Thornburg Value Fund
  • Fund Family Name Thornburg
  • Inception Date Oct 02, 1995
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Connor Browne

TVCFX - Performance

Return Ranking - Trailing

Period TVCFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.0% -82.7% 66.9% 69.67% 4
1 Yr -2.3% -18.8% 20.8% 84.62% 5
3 Yr 10.4% * -3.8% 21.2% 25.51% 2
5 Yr 8.3% * -1.7% 21.8% 85.24% 5
10 Yr 5.2% * 0.6% 11.3% 83.46% 5

* Annualized


Return Ranking - Calendar

Period TVCFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 2.7% -58.7% 5.7% 2.81% 1
2014 N/A 0.2% 11.5% N/A N/A
2013 N/A 12.5% 31.1% N/A N/A
2012 N/A 9.2% 16.4% N/A N/A
2011 N/A -3.8% 5.9% N/A N/A

Total Return Ranking - Trailing

Period TVCFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.0% -82.7% 66.9% 70.63% 4
1 Yr -3.2% -21.2% 20.8% 77.33% 4
3 Yr 10.4% * -3.8% 21.2% 22.56% 2
5 Yr 8.3% * -1.7% 21.8% 83.32% 5
10 Yr 5.2% * 0.6% 11.3% 82.40% 5

* Annualized


Total Return Ranking - Calendar

Period TVCFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 2.7% -58.7% 5.7% 2.80% 1
2014 N/A 2.0% 13.2% N/A N/A
2013 N/A 23.2% 39.5% N/A N/A
2012 N/A 11.6% 23.6% N/A N/A
2011 N/A -2.1% 8.0% N/A N/A

NAV & Total Return History

TVCFX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

TVCFX Category Low Category High TVCFX % Rank Quintile
Net Assets 893 M 9.87 K 458 B 13.71% 3
Number of Holdings 50 1 3780 14.96% 4
Net Assets in Top 10 366 M -18.9 K 63.6 B 10.72% 2
Weighting of Top 10 41.1% 0.0% 299.6% 9.78% 2

Top 10 Holdings

  1. Thermo Fisher Scientific Inc 4.34%
  2. JPMorgan Chase & Co 3.76%
  3. Thornburg Capital Management 9.89%
  4. Facebook Inc A 3.13%
  5. Wal-Mart Stores Inc 4.08%
  6. ITC Holdings Corp 3.84%
  7. Medtronic PLC 3.26%
  8. Activision Blizzard Inc 2.82%
  9. Enterprise Products Partners LP 2.95%
  10. International Flavors & Fragrances Inc 3.04%

Asset Allocation

Weighting Category Low Category High TVCFX % Rank Quintile
Stocks
88.82% -0.95% 136.86% 23.26% 5
Cash
9.41% -98.69% 132.07% 4.03% 1
Other
1.67% -81.75% 100.00% 3.31% 1
Bonds
0.10% -37.58% 98.94% 5.31% 1
Preferred Stocks
0.00% 0.00% 10.32% 3.02% 2
Convertible Bonds
0.00% 0.00% 85.35% 1.80% 1

Stock Sector Breakdown

Weighting Category Low Category High TVCFX % Rank Quintile
Technology
17.16% 0.00% 51.32% 12.74% 3
Healthcare
16.29% 0.00% 29.64% 6.95% 1
Financial Services
13.32% 0.00% 47.89% 18.25% 4
Consumer Defense
12.30% 0.00% 51.54% 4.85% 1
Consumer Cyclical
10.53% 0.00% 70.69% 17.02% 3
Energy
4.87% -2.91% 25.38% 19.04% 4
Utilities
3.84% -3.20% 25.88% 5.36% 1
Industrials
3.76% 0.00% 41.49% 27.59% 5
Basic Materials
3.04% 0.00% 24.37% 11.37% 3
Real Estate
2.66% -0.11% 11.80% 8.62% 2
Communication Services
1.06% -0.78% 17.25% 19.55% 5

Stock Geographic Breakdown

Weighting Category Low Category High TVCFX % Rank Quintile
US
80.39% -0.95% 136.86% 26.26% 5
Non US
8.43% -0.69% 94.73% 7.41% 2

Bond Sector Breakdown

Weighting Category Low Category High TVCFX % Rank Quintile
Cash & Equivalents
7.78% -97.89% 131.77% 5.58% 1
Securitized
0.00% -3.93% 49.07% 2.90% 1
Derivative
0.00% -69.44% 46.77% 0.94% 1
Corporate
0.00% 0.00% 95.68% 6.89% 2
Municipal
0.00% 0.00% 55.13% 2.03% 1
Government
0.00% -37.58% 86.65% 4.42% 2

Bond Geographic Breakdown

Weighting Category Low Category High TVCFX % Rank Quintile
US
0.10% -37.58% 87.80% 4.96% 1
Non US
0.00% 0.00% 88.97% 4.03% 2

TVCFX - Expenses

Operational Fees

TVCFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.12% 0.02% 303.36% 7.86% 5
Management Fee 0.85% 0.00% 2.25% 1.65% 5
12b-1 Fee 1.00% 0.00% 1.00% 0.11% 4
Administrative Fee 0.13% 0.00% 0.45% 2.75% 3

Sales Fees

TVCFX Fees (% of AUM) Category Low Category High TVCFX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 1.00% 0.00% 5.00% 2.29% 1

Trading Fees

TVCFX Fees (% of AUM) Category Low Category High TVCFX Rank Quintile
Max Redemption Fee N/A 0.15% 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.

TVCFX Fees (% of AUM) Category Low Category High TVCFX Rank Quintile
Turnover 59.70% 0.00% 1596.00% 8.20% 4

TVCFX - Distributions

Dividend Yield Analysis

TVCFX Category Low Category High TVCFX % Rank Quintile
Dividend Yield 0.0% 0.00% 11.20% 80.94% 5

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TVCFX Category Low Category High TVCFX % Rank Quintile
Net Income Ratio -0.61% -2.19% 5.26% 22.15% 5

Capital Gain Distribution Analysis

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

TVCFX - Managers

Connor Browne

Manager

Start Date

Feb 01, 2006

Tenure

10.5

Tenure Rank

3.5%

Connor Browne is portfolio manager for Thornburg Investment Management. Connor joined the firm in August of 2001 as an associate portfolio manager and was promoted to portfolio manager in 2006. Connor graduated cum laude from Princeton University with a BA in economics and a certificate in finance. He is a CFA charterholder.


Robert MacDonald

Manager

Start Date

Feb 01, 2015

Tenure

1.5

Tenure Rank

11.1%

Robert MacDonald is portfolio manager for Thornburg Investment Management. Robert joined the firm as equity analyst in 2007 and was promoted to associate portfolio manager in 2010 and portfolio manager of the fund in 2014. Robert holds a BA in economics and computer science from Amherst College, where he was an all-American in hockey. He received an MBA from the University of Chicago and is a CFA charterholder. Prior to graduate school, Robert was an investment associate at Putnam Investments in Boston, covering the telecommunications industry.


Tenure Analysis

Category Low

0.0

Category High

80.8

Category Average

6.03

Category Mode

1.6