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TVCFX Thornburg Value C

  • Fund
  • TVCFX
  • Price as of: Oct 19, 2018
  • $62.59
  • - $0.12
  • - 0.19%
  • Category
  • Large Cap Blend Equities

TVCFX - Profile

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return 13.3%
  • 5 Yr Annualized Return 11.6%
  • Net Assets $1.01 B
  • Holdings in Top 10 42.4%

52 WEEK LOW AND HIGH

$62.59
$59.31
$66.73

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.14%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 43.53%

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 1.0%
  • 3 Yr Annualized Total Return 13.3%
  • 5 Yr Annualized Total Return 11.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.49%
DIVIDENDS
  • Dividend Yield 1.0%
  • 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 1.0% -92.6% 541.1% 49.85% 3
1 Yr 10.7% -51.7% 36.3% 66.62% 4
3 Yr 13.3% * -14.4% 23.5% 56.98% 3
5 Yr 11.6% * -3.5% 18.7% 53.44% 3
10 Yr 9.5% * 1.2% 19.0% 64.76% 4

* Annualized


Return Ranking - Calendar

Period TVCFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 21.9% -37.7% 34.8% 2.51% 1
2016 5.8% -41.8% 186.3% 44.27% 3
2015 2.7% -51.7% 38.1% 8.37% 1
2014 10.6% -31.3% 42.8% 23.31% 2
2013 38.4% -88.0% 41.8% 1.86% 1

Total Return Ranking - Trailing

Period TVCFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.0% -100.0% 541.1% 49.60% 3
1 Yr 9.7% -52.5% 142.7% 63.30% 4
3 Yr 13.3% * -12.7% 57.6% 53.77% 3
5 Yr 11.6% * -3.5% 18.7% 49.43% 3
10 Yr 9.5% * 1.2% 19.0% 62.95% 4

* Annualized


Total Return Ranking - Calendar

Period TVCFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 21.9% -36.6% 34.8% 2.51% 1
2016 5.8% -27.9% 190.6% 50.79% 3
2015 2.7% -40.3% 100.1% 18.12% 1
2014 10.6% -24.8% 1119.1% 68.50% 4
2013 38.4% -93.4% 176.6% 50.42% 3

NAV & Total Return History

TVCFX - Holdings

Filings data as of: Aug 31, 2018

Concentration Analysis

TVCFX Category Low Category High TVCFX % Rank Quintile
Net Assets 1.01 B 9.87 K 757 B 15.36% 3
Number of Holdings 53 1 3780 15.76% 4
Net Assets in Top 10 448 M -314 M 135 B 12.23% 2
Weighting of Top 10 42.4% 2.6% 577.0% 10.50% 2

Top 10 Holdings

  1. Thermo Fisher Scientific Inc 3.93%
  2. JPMorgan Chase & Co 4.14%
  3. Thornburg Capital Management 10.77%
  4. Gilead Sciences Inc 3.82%
  5. Alphabet Inc Class C 3.90%
  6. US Foods Holding Corp 3.78%
  7. Assured Guaranty Ltd 3.47%
  8. Enterprise Products Partners LP 2.90%
  9. RPC Group PLC 2.81%
  10. Nomad Foods Ltd 2.85%

Asset Allocation

Weighting Category Low Category High TVCFX % Rank Quintile
Stocks
89.15% -6.00% 448.00% 23.98% 5
Cash
10.86% -172.01% 132.07% 3.02% 1
Preferred Stocks
0.00% -0.30% 88.99% 3.67% 2
Other
0.00% -81.75% 100.00% 8.56% 3
Convertible Bonds
0.00% 0.00% 2.94% 2.52% 1
Bonds
0.00% -348.48% 170.30% 7.68% 2

Stock Sector Breakdown

Weighting Category Low Category High TVCFX % Rank Quintile
Technology
18.69% -50.38% 64.09% 16.37% 3
Financial Services
16.97% 0.00% 218.39% 12.11% 2
Consumer Cyclical
14.41% 0.00% 119.88% 6.99% 1
Healthcare
12.47% 0.00% 33.17% 19.90% 4
Consumer Defense
6.64% 0.00% 53.68% 17.02% 3
Energy
6.43% -3.37% 174.20% 11.75% 2
Communication Services
4.87% -0.78% 17.67% 3.60% 1
Industrials
4.79% 0.00% 38.25% 27.69% 5
Real Estate
2.16% -211.72% 11.80% 10.45% 3
Utilities
0.94% -1.65% 32.10% 16.58% 4
Basic Materials
0.78% -0.88% 109.49% 21.49% 5

Stock Geographic Breakdown

Weighting Category Low Category High TVCFX % Rank Quintile
US
75.54% -6.00% 201.33% 28.71% 5
Non US
13.61% -1.33% 246.67% 5.25% 1

TVCFX - Expenses

Operational Fees

TVCFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.14% 0.00% 303.36% 7.29% 5
Management Fee 0.85% 0.00% 2.25% 1.72% 5
12b-1 Fee 1.00% 0.00% 1.00% 0.11% 4
Administrative Fee 0.10% 0.00% 0.85% 3.54% 2

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% 2.27% 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 43.53% 0.00% 1754.00% 10.66% 3

TVCFX - Distributions

Dividend Yield Analysis

TVCFX Category Low Category High TVCFX % Rank Quintile
Dividend Yield 1.0% 0.00% 14.60% 4.65% 1

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 -0.49% -1.94% 3.95% 22.17% 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

12.67

Tenure Rank

3.0%

Connor Browne, CFA, a managing director of Thornburg Investment Management. Mr. Browne joined Thornburg Investment Management in 2001 as an associate portfolio manager and was named a managing director in 2005. His responsibilities also include portfolio management, research, and analysis of companies for investment by other Thornburg equity Funds.


Robert MacDonald

Manager

Start Date

Feb 01, 2015

Tenure

3.66

Tenure Rank

10.2%

Robert MacDonald, CFA, a managing director of Thornburg Investment Management, Inc.. Mr. MacDonald joined Thornburg Investment Management as an equity analyst in 2007, and was later promoted to associate portfolio manager and then portfolio manager. He was named a managing director in 2015. Mr. MacDonald holds an MBA from the University of Chicago and a BA in economics and computer science from Amherst College.


Tenure Analysis

Category Low

0.0

Category High

82.9

Category Average

6.62

Category Mode

3.8