TGVAX: Thornburg International Equity Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$29.61

-

0.20%

$0.06

1.26%

Vitals

YTD Return

7.2%

1 yr return

20.6%

3 Yr Avg Return

13.3%

5 Yr Avg Return

10.9%

Net Assets

$3.44 B

Holdings in Top 10

34.5%

52 WEEK LOW AND HIGH

$29.31
$24.44
$31.06

Expenses

OPERATING FEES

Expense Ratio 1.26%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 79.05%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000

IRA

$2,000


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Foreign Large Blend


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$29.61

-

0.20%

$0.06

1.26%

TGVAX - Profile

Distributions

  • YTD Total Return 7.2%
  • 3 Yr Annualized Total Return 11.6%
  • 5 Yr Annualized Total Return 9.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.31%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Thornburg International Equity Fund
  • Fund Family Name
    Thornburg
  • Inception Date
    May 28, 1998
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Lei Wang

Fund Description

The fund invests primarily in common stocks of non-U.S. companies and in depositary receipts associated with such stocks. The fund may invest in developing countries, but under normal conditions those investments are expected to comprise a smaller proportion of the fund than investments in developed countries.


TGVAX - Performance

Return Ranking - Trailing

Period TGVAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -19.7% 25.3% 85.07%
1 Yr 20.6% -8.5% 61.2% 85.99%
3 Yr 13.3%* -8.9% 27.7% 5.30%
5 Yr 10.9%* -1.6% 16.2% 18.96%
10 Yr 7.4%* 2.0% 11.7% 40.15%

* Annualized

Return Ranking - Calendar

Period TGVAX Return Category Return Low Category Return High Rank in Category (%)
2020 18.8% -39.9% 992.1% 9.13%
2019 20.5% -22.2% 38.8% 36.08%
2018 -21.2% -50.2% 25.1% 73.99%
2017 6.3% -3.3% 38.4% 98.32%
2016 -4.4% -13.9% 14.4% 85.43%

Total Return Ranking - Trailing

Period TGVAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -19.7% 25.3% 85.97%
1 Yr 15.2% -12.1% 61.2% 94.50%
3 Yr 11.6%* -8.9% 27.7% 13.17%
5 Yr 9.9%* -1.6% 16.2% 41.29%
10 Yr 6.9%* 0.5% 11.7% 57.78%

* Annualized

Total Return Ranking - Calendar

Period TGVAX Return Category Return Low Category Return High Rank in Category (%)
2020 18.8% -39.9% 992.1% 9.13%
2019 20.5% -22.2% 38.8% 36.08%
2018 -21.2% -50.2% 25.1% 81.78%
2017 6.3% -3.3% 38.4% 98.83%
2016 -4.4% -10.2% 14.4% 91.91%

NAV & Total Return History


TGVAX - Holdings

Concentration Analysis

TGVAX Category Low Category High TGVAX % Rank
Net Assets 3.44 B 208 K 418 B 21.73%
Number of Holdings 61 1 9757 80.97%
Net Assets in Top 10 1.19 B 4.48 K 40.2 B 13.81%
Weighting of Top 10 34.45% 2.2% 100.0% 18.00%

Top 10 Holdings

  1. Thornburg Capital Management 9.04%
  2. Ping An Bank Co Ltd 3.54%
  3. Ping An Bank Co Ltd 3.54%
  4. Ping An Bank Co Ltd 3.54%
  5. Ping An Bank Co Ltd 3.54%
  6. Ping An Bank Co Ltd 3.54%
  7. Ping An Bank Co Ltd 3.54%
  8. Ping An Bank Co Ltd 3.54%
  9. Ping An Bank Co Ltd 3.54%
  10. Ping An Bank Co Ltd 3.54%

Asset Allocation

Weighting Return Low Return High TGVAX % Rank
Stocks
90.96% 12.84% 117.25% 94.53%
Cash
9.04% -104.97% 51.49% 3.61%
Preferred Stocks
0.00% -0.01% 1.51% 62.69%
Other
0.00% -8.32% 152.15% 74.13%
Convertible Bonds
0.00% 0.00% 3.95% 58.83%
Bonds
0.00% -0.24% 86.90% 62.56%

Stock Sector Breakdown

Weighting Return Low Return High TGVAX % Rank
Industrials
22.13% 3.49% 40.78% 6.93%
Financial Services
21.72% 0.00% 44.38% 6.17%
Technology
16.14% 0.00% 35.97% 19.02%
Consumer Cyclical
10.63% 0.00% 39.97% 64.74%
Basic Materials
9.03% 0.00% 20.94% 28.46%
Utilities
5.15% 0.00% 33.27% 9.82%
Communication Services
4.29% 0.00% 31.01% 88.66%
Consumer Defense
4.16% 0.00% 24.69% 96.73%
Energy
3.44% 0.00% 9.63% 50.76%
Healthcare
3.31% 0.00% 22.12% 97.73%
Real Estate
0.00% 0.00% 11.43% 90.18%

Stock Geographic Breakdown

Weighting Return Low Return High TGVAX % Rank
Non US
80.45% 12.70% 118.73% 96.27%
US
10.51% -13.17% 16.78% 5.72%

TGVAX - Expenses

Operational Fees

TGVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.26% 0.01% 4.97% 21.83%
Management Fee 0.76% 0.00% 1.90% 76.31%
12b-1 Fee 0.25% 0.00% 1.00% 44.69%
Administrative Fee 0.10% 0.01% 1.00% 57.03%

Sales Fees

TGVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.00% 5.75% 78.50%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

TGVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 95.45%

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.

TGVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 79.05% 0.00% 369.00% 80.16%

TGVAX - Distributions

Dividend Yield Analysis

TGVAX Category Low Category High TGVAX % Rank
Dividend Yield 0.20% 0.00% 1.78% 59.55%

Dividend Distribution Analysis

TGVAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

TGVAX Category Low Category High TGVAX % Rank
Net Income Ratio 0.31% -1.13% 3.42% 87.45%

Capital Gain Distribution Analysis

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

Dividend Payout History

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TGVAX - Fund Manager Analysis

Managers

Lei Wang


Start Date

Tenure

Tenure Rank

Feb 01, 2006

15.59

15.6%

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.

Matt Burdett


Start Date

Tenure

Tenure Rank

Jan 15, 2021

0.62

0.6%

Matt Burdett is portfolio manager for Thornburg Investment Management. He rejoined the firm in 2015 as an associate portfolio manager and was promoted to portfolio manager in 2018. Matt spent several years as a senior vice president and portfolio manager at PIMCO, where he co-managed various dividend-oriented strategies. Prior to his time at PIMCO, Matt worked as an equity analyst at Thornburg. Matt was director of healthcare investment banking at CIBC World Markets / Oppenheimer prior to joining Thornburg in 2010. Earlier in his career, he was a medicinal chemist at Sunesis Pharmaceuticals. Matt holds an MBA from the Marshall School of Business at the University of Southern California and a bachelor’s degree in chemistry from the University of California, Berkeley.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 29.6 5.53 0.85