TBGOPPI ID
Thornburg Global Opportunities Fund (UCITS)
Morningstar Rating • Info
Overall Morningstar Rating among 5437 EAA Fund Global Large-Cap Blend Equity funds, based on risk-adjusted returns for class I Acc shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 5 stars, 5 stars and 4 stars among 5437, 4328 and 2255 funds, as of 30 Jun 2026.
As of 30 Jun 2026
Fund Assets
$74.7 M
As of 30 Jun 2026
NAV
$54.46
As of 5 Aug 2026
Change
$0.62
As of 5 Aug 2026
YTD NAV Performance
12.64%
As of 5 Aug 2026
Asset Category:
Global Equity
Fund Benchmark:
MSCI ACWI Index
Portfolio Managers
Vice Chairman, Chief Investment Strategist, Portfolio Manager and Managing Director
Portfolio Manager and Managing Director
An Introduction to
Global Opportunities
A focused global equity strategy designed to deliver long-term capital growth.
Overview
Fund Facts
Fund Facts
(As of 30 Jun 2026)Net Fund Assets
$74.7 M
Benchmark
MSCI ACWI Index
Morningstar Category
EAA Fund Global Large-Cap Blend Equity
Distribution Frequency
N/A
SFDR
Article 8
Minimum Investment
$1,000,000
Ongoing Charges
0.90%
Management Fee
0.75%
Share Class
I Acc
Share Class Inception Date
30 Mar 2012
Fund Inception Date
11 Jan 2011
Bloomberg Ticker
TBGOPPI ID
ISIN
IE00B4QR7893
Cusip
G8T49N 156
SEDOL
B4QR789
Performance
Performance
Returns
(As of 30 Jun 2026)2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Return (%)
29.35
19.97
-0.60
5.34
18.80
-22.40
28.68
22.96
14.10
-10.37
17.61
12.63
39.42
MSCI ACWI Index (%)
22.80
4.17
-2.36
7.86
23.97
-9.42
26.60
16.25
18.54
-18.36
22.20
17.49
22.34
Hypothetical Growth of $10,000
Hypothetical Growth of $10,000
(As of 30 Jun 2026)
(Hypothetical Growth of $10,000 vs MSCI ACWI Index)
Characteristics
Characteristics
Portfolio
(As of 30 Jun 2026)Portfolio
Benchmark
Number of Holdings
40
—
Weighted Average Market Cap
$533.1 B
$986.0 B
Median Market Cap
$90.9 B
$18.7 B
Annual Portfolio Turnover
29%
—
Price to Earnings - Forward 1YR
12.9x
19.0x
Portfolio
Benchmark
Dividend Yield
1.8%
1.5%
Price to Earnings - Trailing 12 Months
16.7x
25.1x
Price to Cash Flow
9.0x
15.3x
Price to Book Value
2.5x
3.8x
Active Share
89.8%
—
Risk & Return Profile
Risk & Return Profile
(As of 30 Jun 2026)3y
5y
10y
Annualized Alpha (%)
3.93
2.27
0.01
Beta
0.91
0.89
1.02
R-Squared (%)
75.96
81.02
83.78
Standard Deviation (%)
12.97
14.70
16.36
Sharpe Ratio
1.33
0.57
0.63
Information Ratio
0.37
0.16
0.00
Tracking Error (%)
6.47
6.63
6.60
Up Capture (%)
101.23
93.32
100.00
Down Capture (%)
84.40
83.94
99.95
Portfolio
Portfolio
Top Holdings
(As of 30 Jun 2026)Name
Ticker/Symbol
Sector
Weight %
Samsung Electronics Co. Ltd.
005930
Information Technology
7.0
Eli Lilly & Co.
LLY
Health Care
5.3
Alphabet, Inc.
GOOGL
Communication Services
4.2
Contemporary Amperex Technology Co. Ltd.
300750
Industrials
3.8
MTU Aero Engines AG
MTX
Industrials
3.6
Taiwan Semiconductor Manufacturing Co. Ltd.
2330
Information Technology
3.2
Adobe, Inc.
ADBE
Information Technology
3.2
SAP SE
SAP
Information Technology
3.2
Tencent Holdings Ltd.
700
Communication Services
3.2
Zegona Communications plc
ZEG
Communication Services
3.1
Exposure Breakdown
Exposure Breakdown
(As of 30 Jun 2026)Sector Allocation
Fund (%)
Communication Services
20.1
Information Technology
16.5
Industrials
13.3
Financials
12.9
Consumer Discretionary
11.6
Cash & Equivalents
8.7
Health Care
6.2
Energy
3.8
Consumer Staples
3.5
Materials
3.4
Real Estate
0.0
Utilities
0.0
Unassigned
-0.1
Top 10 Industries
Fund (%)
Media & Entertainment
11.9
Capital Goods
9.0
Telecommunication Services
8.2
Technology Hardware & Equipment
7.0
Consumer Services
6.9
Banks
6.7
Software & Services
6.4
Pharmaceuticals, Biotechnology & Life Sciences
6.2
Financial Services
4.6
Commercial & Professional Services
4.4
Top 10 Countries
Fund (%)
United States
33.2
China
9.2
Germany
7.9
France
7.9
Korea, Republic of (South Korea)
7.0
United Kingdom
4.3
Hong Kong
4.1
Taiwan
3.9
Japan
2.5
Ireland
2.5
Capitalization
Fund (%)
Large Cap (> $12 B)
82.7
Mid Cap ($2.5 to $12 B)
13.4
Small Cap (< $2.5 B)
3.9
Unassigned
0.0
Portfolio Managers
Portfolio Managers
Brian McMahon
Vice Chairman, Chief Investment Strategist, Portfolio Manager and Managing Director
Brian McMahon is chief investment strategist and a portfolio manager for Thornburg Investment Management. Brian is deeply respected for his market and investment insight and serves as a key voice for the investment team and Thornburg clients. He also co-manages Thornburg’s global equity portfolios and serves as vice chairman of Thornburg. Brian joined Thornburg in 1984 as chief investment officer;…
Learn More
Miguel Oleaga
Portfolio Manager and Managing Director
Miguel Oleaga is a portfolio manager for Thornburg Investment Management. He joined the firm in 2014 as an equity research analyst, was promoted to associate portfolio manager in 2017, and was named portfolio manager in 2018. Miguel holds a BS in business administration (finance and management specialties) from the University of Massachusetts. Prior to his joining Thornburg, Miguel worked at…
Learn More
More Insights
Markets & Economy
Looking Beyond the Leaders: A Mid-Year Perspective on Global Equities
Despite geopolitical uncertainty and market volatility, global equities continue to offer opportunities beyond the narrow group of stocks driving index returns.
Markets & Economy
Considering the Cost of Future Growth
A historic second-quarter rally pushed U.S. equities further above historical valuation norms, making future returns increasingly dependent on earnings growth.
Markets & Economy
A Disinflationary Paradox of High Oil Prices
A look at how sustained high oil prices act as a drag on demand, shifting inflation lower over time and echoing signals from an inverted yield curve.
