Thornburg International Equity Fund Class A (TGVAX) Fund Details & Analysis

Fund Information

Fund Category Foreign Large Blend

Fund Family Thornburg

Fund Style Large Blend

ISIN US8852156574

CUSIP 885215657

Inception Date 1998-05-28

Domicile United States

Country USA

Fiscal Year End September

NAV Chart

Fund Metrics

Net Assets $4.75 Billion

Share Class Net Assets $466.13 Million

Expense Ratio 1.28%

Expense Ratio Date 2025-04-01

Dividend Yield 0.01%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 5.64%

1-Year Return 35.36%

3-Year Return 18.19%

5-Year Return 9.70%

NAV $34.08

Previous Close Price $34.33

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.01%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Thornburg International Equity Fund Class A

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. Under normal conditions, the fund will invest at least 80% of its net assets in common stocks or depositary receipts.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 90367.41%

Giant 56.95%

Large 31.53%

Medium 1.61%

Micro 0.00%

Small 0.00%

Value & Growth Metrics

Book-Value Growth % 5.26%

Cash-Flow Growth % 4.84%

Dividend Yield % 2.86%

Historical Earnings % 14.44%

Long-Term Earnings % 7.36%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	1.33%	0.00%
Cash	7.63%	7.63%	0.00%	6.24%	0.00%
Non US Stock	89.24%	89.24%	0.00%	94.21%	99.16%
Not Classified	0.00%	0.00%	0.00%	0.00%	0.00%
Other	0.00%	0.00%	0.00%	0.95%	0.13%
US Stock	3.14%	3.14%	0.00%	4.03%	0.71%

Top Holdings

Name	Weight	Owned	Change
Thornburg Capital Management Fund	8.79%	-	-
TotalEnergies SE	2.75%	-	-
Hitachi Ltd	3.40%	-	-
Schneider Electric SE	2.77%	-	-
Sony Group Corp	2.77%	-	-
ABB Ltd	3.00%	-	-
Mitsubishi UFJ Financial Group Inc	3.19%	-	-
Taiwan Semiconductor Manufacturing Co Ltd	2.97%	-	-
Linde PLC	2.85%	-	-
Roche Holding AG	2.92%	-	-
NN Group NV	2.94%	-	-
E.ON SE	2.74%	-	-
Safran SA	2.69%	-	-
Samsung Electronics Co Ltd	3.70%	-	-
Orange SA	2.67%	-	-
Canadian Pacific Kansas City Ltd	2.84%	-	-
BNP Paribas SA	2.82%	-	-
Alibaba Group Holding Ltd	2.78%	-	-
AstraZeneca PLC	2.75%	-	-

See the full breakdown of TGVAX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	10.44%	16.60%	100.00%	0.00%
Bond Sector	Corporate	10.44%	0.90%	0.00%	0.00%
Bond Sector	Derivative	10.44%	71.42%	0.00%	0.00%
Bond Sector	Government	10.44%	4.57%	0.00%	0.00%
Bond Sector	Municipal	10.44%	0.00%	0.00%	0.00%
Bond Sector	Securitized	10.44%	6.51%	0.00%	0.00%
Cyclical	Basic Materials	6.84%	5.95%	0.00%	6.79%
Cyclical	Consumer Cyclical	8.90%	9.24%	0.00%	9.60%
Cyclical	Financial Services	15.27%	24.18%	0.00%	25.11%
Cyclical	Real Estate	0.00%	1.46%	0.00%	1.54%
Defensive	Consumer Defensive	4.15%	6.68%	0.00%	5.79%
Defensive	Healthcare	8.38%	9.81%	0.00%	7.93%
Defensive	Utilities	10.44%	2.81%	0.00%	3.09%
Sensitive	Communication Services	7.50%	5.85%	0.00%	5.52%
Sensitive	Energy	4.15%	3.63%	0.00%	4.57%
Sensitive	Industrials	23.56%	16.95%	0.00%	14.77%
Sensitive	Technology	10.80%	13.46%	0.00%	15.29%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	1.36%	1.57%	2.02%
Americas	North America	9.38%	9.20%	9.09%
Greater Asia	Asia Developed	8.11%	7.80%	12.73%
Greater Asia	Asia Emerging	5.74%	8.44%	15.64%
Greater Asia	Australasia	3.86%	-	3.99%
Greater Asia	Japan	18.04%	18.04%	14.24%
Greater Europe	Africa/Middle East	1.29%	-	3.53%
Greater Europe	Europe Developed	39.04%	49.51%	29.40%
Greater Europe	Europe Emerging	0.16%	-	0.59%
Greater Europe	United Kingdom	13.03%	5.45%	8.78%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-19	$0.417	$0.417	USD	-	-	-	-
2023-12-14	$0.438	$0.438	USD	-	2023-12-13	2023-12-14	Annual
2022-12-15	$0.359	$0.359	USD	2022-12-15	2022-12-14	2022-12-15	Annual
2021-12-16	$0.268	$0.268	USD	2021-12-16	2021-12-15	2021-12-16	Annual
2020-12-17	$0.059	$0.059	USD	2020-12-17	2020-12-16	2020-12-17	Annual
2019-12-20	$0.252	$0.252	USD	2019-12-20	2019-12-19	2019-12-20	Annual
2018-12-21	$0.280	$0.280	USD	2018-12-21	2018-12-20	2018-12-21	Annual
2017-09-22	$0.096	$0.096	USD	2017-09-22	2017-09-21	2017-09-22	Quarterly
2017-06-23	$0.099	$0.099	USD	2017-06-01	2017-06-22	2017-06-23	Quarterly
2016-09-26	$0.175	$0.175	USD	2016-09-01	2016-09-23	2016-09-26	Quarterly
2016-06-24	$0.210	$0.210	USD	2016-06-01	2016-06-23	2016-06-24	Quarterly
2015-09-24	$0.098	$0.098	USD	2015-09-01	2015-09-23	2015-09-24	Quarterly
2015-06-24	$0.140	$0.140	USD	2015-06-24	2015-06-23	2015-06-24	Quarterly
2014-12-24	$0.019	$0.019	USD	2014-12-01	2014-12-23	2014-12-24	Quarterly
2014-09-24	$0.120	$0.120	USD	2014-09-24	2014-09-23	2014-09-24	Quarterly
2014-06-24	$0.120	$0.120	USD	2014-06-02	2014-06-23	2014-06-24	Quarterly
2013-09-24	$0.070	$0.070	USD	2013-09-24	2013-09-23	2013-09-24	Quarterly
2013-06-24	$0.150	$0.150	USD	2013-06-24	2013-06-21	2013-06-24	Quarterly
2013-03-22	$0.020	$0.020	USD	2013-03-21	2013-03-21	2013-03-22	Quarterly
2012-09-24	$0.075	$0.075	USD	-	2012-09-21	2012-09-24	Quarterly
2012-06-25	$0.150	$0.150	USD	-	2012-06-22	2012-06-25	Quarterly
2012-03-26	$0.048	$0.048	USD	-	2012-03-23	2012-03-26	Quarterly
2011-12-23	$0.017	$0.017	USD	-	2011-12-22	2011-12-23	Quarterly
2011-09-26	$0.080	$0.080	USD	-	2011-09-23	2011-09-26	Quarterly
2011-06-24	$0.160	$0.160	USD	-	2011-06-23	2011-06-24	Quarterly
2011-03-25	$0.025	$0.025	USD	-	2011-03-24	2011-03-25	Quarterly
2010-12-27	$0.002	$0.002	USD	-	2010-12-23	2010-12-27	Quarterly
2010-09-24	$0.060	$0.060	USD	-	2010-09-23	2010-09-24	Quarterly
2010-06-25	$0.090	$0.090	USD	-	2010-06-24	2010-06-25	Quarterly
2010-04-06	$0.019	$0.019	USD	-	-	-	-
2010-03-26	$0.005	$0.005	USD	-	2010-03-25	2010-03-26	Quarterly
2009-09-25	$0.045	$0.045	USD	-	2009-09-24	2009-09-25	Quarterly
2009-06-26	$0.140	$0.140	USD	-	2009-06-25	2009-06-26	Quarterly
2008-12-26	$0.037	$0.037	USD	-	2008-12-24	2008-12-26	Quarterly
2008-09-26	$0.120	$0.120	USD	-	2008-09-25	2008-09-26	Quarterly
2008-06-26	$0.180	$0.180	USD	-	2008-06-25	2008-06-26	Quarterly
2007-12-26	$0.011	$0.011	USD	-	2007-12-24	2007-12-26	Quarterly
2007-09-26	$0.110	$0.110	USD	-	2007-09-25	2007-09-26	Quarterly
2007-06-26	$0.100	$0.100	USD	-	2007-06-25	2007-06-26	Quarterly
2006-12-26	$0.076	$0.076	USD	-	2006-12-22	2006-12-26	Quarterly
2006-09-27	$0.150	$0.150	USD	-	2006-09-26	2006-09-27	Quarterly
2006-03-30	$0.055	$0.055	USD	-	2006-03-29	2006-03-30	Quarterly
2005-09-30	$0.120	$0.120	USD	-	2005-09-29	2005-09-30	Quarterly
2005-04-22	$0.024	$0.024	USD	-	-	-	-
2004-12-31	$0.071	$0.071	USD	-	2004-12-30	2004-12-31	Quarterly
2003-02-28	$0.039	$0.039	USD	-	-	-	-
2003-01-31	$0.039	$0.039	USD	-	-	-	-
2002-11-29	$0.037	$0.037	USD	-	-	-	-
2002-05-31	$0.040	$0.040	USD	-	-	-	-
2002-04-30	$0.041	$0.041	USD	-	-	-	-
2001-06-29	$0.122	$0.122	USD	-	2001-06-28	2001-06-29	Quarterly
2000-12-29	$0.786	$0.786	USD	-	2000-12-28	2000-12-29	Quarterly
2000-09-29	$0.377	$0.377	USD	-	2000-09-28	2000-09-29	Quarterly
2000-06-30	$0.171	$0.171	USD	-	2000-06-29	2000-06-30	Quarterly
2000-03-31	$0.071	$0.071	USD	-	2000-03-30	2000-03-31	Quarterly
1999-12-30	$0.157	$0.157	USD	-	1999-12-29	1999-12-30	Quarterly
1999-06-30	$0.090	$0.090	USD	-	1999-06-29	1999-06-30	Quarterly
1999-03-31	$0.020	$0.020	USD	-	1999-03-30	1999-03-31	Quarterly
1999-03-30	$0.048	$0.048	USD	-	-	-	-

Thornburg International Equity Fund Class A NMFQS:TGVAX