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TVCFX Thornburg Value C

  • Fund
  • TVCFX
  • Price as of: Sep 17, 2019
  • $66.73 - $0.05 - 0.08%

TVCFX - Profile

Vitals

  • YTD Return 20.3%
  • 3 Yr Annualized Return 10.8%
  • 5 Yr Annualized Return 7.7%
  • Net Assets $867 M
  • Holdings in Top 10 40.5%

52 WEEK LOW AND HIGH

$66.73
$52.97
$66.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.11%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 57.33%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

$2,000

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 20.3%
  • 3 Yr Annualized Total Return 10.8%
  • 5 Yr Annualized Total Return 7.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.17%
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 (%)
YTD 20.3% 0.0% 29.6% 46.03%
1 Yr 1.4% -46.4% 11.9% 20.07%
3 Yr 10.8%* -19.2% 15.1% 13.61%
5 Yr 7.7%* -26.7% 10.1% 8.65%
10 Yr 8.7%* -9.4% 12.6% 26.32%

* Annualized


Return Ranking - Calendar

Period TVCFX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.5% -51.6% 10.0% 27.32%
2017 21.9% -32.8% 33.2% 3.82%
2016 5.8% -26.1% 19.7% 61.89%
2015 2.7% -82.5% 7.8% 3.78%
2014 10.6% -28.7% 24.1% 23.08%

Total Return Ranking - Trailing

Period TVCFX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.3% 0.0% 29.6% 46.03%
1 Yr 1.4% -38.1% 13.1% 39.88%
3 Yr 10.8%* -19.2% 17.2% 47.80%
5 Yr 7.7%* -17.9% 21.9% 38.01%
10 Yr 8.7%* -4.0% 17.3% 74.61%

* Annualized


Total Return Ranking - Calendar

Period TVCFX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.5% -46.2% 10.0% 55.00%
2017 21.9% -22.1% 33.2% 19.68%
2016 5.8% -16.4% 23.8% 84.35%
2015 2.7% -21.4% 106.5% 8.54%
2014 10.6% -24.8% 25.9% 54.19%

NAV & Total Return History

TVCFX - Holdings

Concentration Analysis

TVCFX Category Low Category High TVCFX % Rank
Net Assets 867 M 131 K 813 B 52.10%
Number of Holdings 44 2 3592 88.13%
Net Assets in Top 10 362 M -123 M 145 B 41.08%
Weighting of Top 10 40.53% 2.9% 216.7% 14.39%

Top 10 Holdings

  1. JPMorgan Chase & Co 4.97%

  2. Thermo Fisher Scientific Inc 4.82%

  3. Alphabet Inc Class C 4.61%

  4. US Foods Holding Corp 4.40%

  5. Crown Holdings Inc 4.23%

  6. Gilead Sciences Inc 3.91%

  7. Enterprise Products Partners LP 3.62%

  8. Comcast Corp Class A 3.44%

  9. Assured Guaranty Ltd 3.29%

  10. Medtronic PLC 3.25%


Asset Allocation

Weighting Return Low Return High TVCFX % Rank
Stocks
97.05% 81.75% 128.08% 79.71%
Cash
2.94% -28.09% 18.25% 17.09%
Preferred Stocks
0.00% 0.00% 2.04% 81.06%
Other
0.00% -2.70% 16.72% 79.21%
Convertible Bonds
0.00% 0.00% 7.92% 80.13%
Bonds
0.00% -14.46% 4.83% 80.13%

Stock Sector Breakdown

Weighting Return Low Return High TVCFX % Rank
Financial Services
19.15% 0.00% 45.41% 19.12%
Technology
18.88% 0.00% 46.33% 70.43%
Consumer Cyclical
16.75% 0.00% 39.96% 7.83%
Healthcare
13.31% 0.00% 27.61% 59.22%
Consumer Defense
7.50% 0.00% 28.38% 51.22%
Energy
5.91% -0.03% 15.48% 18.79%
Communication Services
5.84% 0.00% 8.92% 6.57%
Industrials
4.08% 0.00% 28.99% 97.64%
Real Estate
2.21% -1.45% 15.15% 56.19%
Basic Materials
2.09% -3.86% 14.03% 61.33%
Utilities
1.34% -13.57% 19.49% 69.42%

Stock Geographic Breakdown

Weighting Return Low Return High TVCFX % Rank
US
84.92% 80.15% 127.01% 93.35%
Non US
12.13% -1.05% 20.36% 4.97%

TVCFX - Expenses

Operational Fees

TVCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.11% 0.00% 307.60% 8.32%
Management Fee 0.85% 0.00% 2.00% 91.16%
12b-1 Fee 1.00% 0.00% 1.00% 96.66%
Administrative Fee 0.10% 0.00% 0.85% 55.16%

Sales Fees

TVCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load 1.00% 0.95% 5.00% 82.24%

Trading Fees

TVCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 57.33% 0.00% 838.00% 60.97%

TVCFX - Distributions

Dividend Yield Analysis

TVCFX Category Low Category High TVCFX % Rank
Dividend Yield 0.00% 0.00% 6.34% 94.36%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TVCFX Category Low Category High TVCFX % Rank
Net Income Ratio -0.17% -2.85% 2.89% 94.51%

Capital Gain Distribution Analysis

TVCFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

TVCFX - Managers

Connor Browne

Manager

Start Date

Tenure

Tenure Rank

Feb 01, 2006

13.59

13.6%

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

Tenure

Tenure Rank

Feb 01, 2015

4.58

4.6%

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

40.69

Category Average

5.95

Category Mode

3.96