THGIX

Thornburg International Growth Fund

Morningstar Rating • Info

Overall Morningstar Rating among 352 Foreign Large Growth funds, based on risk-adjusted returns for class R6 shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 2 stars, 2 stars and 2 stars among 352, 333 and 222 funds, as of 31 Aug 2026.

As of 31 Aug 2026

Fund Assets

$666.1 M

As of 31 Aug 2026

NAV

$27.98

As of 16 Sep 2026

Change

$0.10

As of 16 Sep 2026

YTD NAV Performance

7.04%

As of 16 Sep 2026

Asset Category:

International Equity

Fund Benchmark:

MSCI ACWI ex-U.S. Growth Index

Portfolio Managers

Sean Koung Sun, CFA

Portfolio Manager and Managing Director

Nicholas Anderson, CFA

Portfolio Manager and Managing Director

Overview Performance Fund Facts Characteristics Portfolio Portfolio Managers Literature

Overview

Why Invest in This Fund?

Focused, diversified equity portfolio that invests in high-quality companies with sustainable competitive advantage and durable growth prospects. The fund invests primarily in large and mid-capitalization companies in developed and emerging markets outside the U.S.
Rigorous bottom-up fundamental research process focused on uncovering promising growth companies with sound business fundamentals and trading at a discount to their long-term value.
Three-basket portfolio construction process seeks to provide diversification, reduce volatility and deliver superior risk-adjusted performance over time.

Investment Objective

The fund’s goal is to provide investors with long-term growth of capital by investing in equity securities selected for their growth potential.

Investment Approach

The fund uses fundamental, bottom-up analysis to uncover companies with robust, high-quality business models and durable growth prospects across geographies and sectors. Our unique three-basket approach to security selection provides diversification across the style spectrum while balancing risk exposures. Ultimately, this high-conviction, active portfolio seeks to outperform its benchmark over a full market cycle.

Returns

(As of 30 Jun 2026)

YTD

10y

Inception

Total Return (%)

12.62

13.18

9.79

1.13

7.91

7.05

MSCI ACWI ex-U.S. Growth Index (%)

12.80

22.30

15.33

5.21

9.21

5.36

Morningstar Category Avg. (%)

10.18

14.02

13.04

4.14

8.98

—

Morningstar Quartile

—

Morningstar Quartile # of Funds

—

374

350

333

223

—

YTD

10y

Inception

Total Return (%)

11.29

10.53

10.10

0.46

6.81

6.92

MSCI ACWI ex-U.S. Growth Index (%)

13.33

20.97

16.35

5.16

8.79

5.34

Morningstar Category Avg. (%)

9.99

14.39

14.04

3.36

8.55

—

Morningstar Quartile

—

Morningstar Quartile # of Funds

—

373

352

333

222

—

YTD

10y

Inception

Total Return (%)

12.62

13.18

32.34

5.77

114.03

274.83

MSCI ACWI ex-U.S. Growth Index (%)

12.80

22.30

53.40

28.92

141.40

175.56

YTD

10y

Inception

Total Return (%)

11.29

10.53

33.48

2.34

93.29

270.38

MSCI ACWI ex-U.S. Growth Index (%)

13.33

20.97

57.50

28.62

132.23

176.86

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Total Return (%)

-4.59

35.04

-16.64

26.40

34.45

-4.08

-25.96

18.53

2.52

10.76

MSCI ACWI ex-U.S. Growth Index (%)

0.12

32.01

-14.43

27.34

22.20

5.09

-23.05

14.03

5.07

25.65

Source: Confluence

Periods less than one year are not annualized.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate so shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than quoted.

The maximum sales charge for the equity funds' A shares is 4.50%. C shares include a 1% contingent deferred sales charge (CDSC) for the first year only. There is no up-front sales charge for class I or R shares.

Morningstar quartile ranking for Foreign Large Growth category is based on total returns before sales charges.

Prior to inception of R share classes, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.

Share class inception dates: A, C and I shares, 1 Feb 2007; R3, R4 and R5 shares, 1 Feb 2008; R6 shares, 1 Feb 2013.

Fund Fees

(As of 1 Feb 2026)

Gross Expense Ratio (%)

1.04

Net Expense Ratio (%)

0.91

Thornburg Investment Management and/or Thornburg Securities LLC have contractually agreed to waive fees and reimburse expenses through at least 1 February 2027, for some of the share classes; these are reflected in the net expense ratio. For more detailed information on fund expenses and waivers/reimbursements, please see the fund's prospectus.

Expense Ratios - Expressed as a percentage of total fund assets and include management fees and operating costs. Expense ratios fluctuate over time and the expense ratio in the prospectus may differ from the actual expense ratio. The fund's total return includes the deduction of expenses.

Hypothetical Growth of $10,000

(As of 31 Aug 2026)

(Hypothetical Growth of $10,000 vs MSCI ACWI ex-U.S. Growth Index)

Categories,R6 Shares,MSCI ACWI ex-U.S. Growth Index                        
2025-08-31,10000,10000
2025-09-30,10090,10407
2025-10-31,10191,10658
2025-11-30,9801,10467
2025-12-31,9933,10674
2026-01-31,10248,11264
2026-02-28,10335,11710
2026-03-31,9587,10288
2026-04-30,10453,11436
2026-05-31,10905,12074
2026-06-30,11186,12041
2026-07-31,10822,11712
2026-08-31,11053,12097

Categories,R6 Shares,MSCI ACWI ex-U.S. Growth Index                        
2023-08-31,10000,10000
2023-09-30,9410,9472
2023-10-31,9086,9104
2023-11-30,10091,10046
2023-12-31,10563,10526
2024-01-31,10726,10446
2024-02-29,11211,10845
2024-03-31,11550,11148
2024-04-30,11069,10840
2024-05-31,11492,11126
2024-06-30,11659,11229
2024-07-31,11450,11347
2024-08-31,11910,11708
2024-09-30,11893,12006
2024-10-31,11203,11396
2024-11-30,11190,11302
2024-12-31,10829,11060
2025-01-31,11251,11530
2025-02-28,11237,11539
2025-03-31,10707,11277
2025-04-30,11156,11736
2025-05-31,11645,12329
2025-06-30,11935,12818
2025-07-31,11858,12662
2025-08-31,12076,13019
2025-09-30,12185,13549
2025-10-31,12307,13876
2025-11-30,11835,13627
2025-12-31,11994,13897
2026-01-31,12375,14664
2026-02-28,12481,15246
2026-03-31,11577,13394
2026-04-30,12623,14888
2026-05-31,13169,15719
2026-06-30,13509,15676
2026-07-31,13068,15248
2026-08-31,13348,15750

Categories,R6 Shares,MSCI ACWI ex-U.S. Growth Index                        
2021-08-31,10000,10000
2021-09-30,9356,9570
2021-10-31,9668,9867
2021-11-30,9026,9510
2021-12-31,9228,9797
2022-01-31,8482,9007
2022-02-28,8087,8755
2022-03-31,7869,8741
2022-04-30,7275,8091
2022-05-31,7241,8021
2022-06-30,6650,7368
2022-07-31,7099,7773
2022-08-31,6745,7470
2022-09-30,6043,6678
2022-10-31,6192,6809
2022-11-30,7076,7655
2022-12-31,6833,7538
2023-01-31,7498,8176
2023-02-28,7282,7826
2023-03-31,7645,8186
2023-04-30,7712,8269
2023-05-31,7524,8040
2023-06-30,7826,8345
2023-07-31,7954,8605
2023-08-31,7667,8166
2023-09-30,7215,7735
2023-10-31,6966,7434
2023-11-30,7737,8204
2023-12-31,8099,8596
2024-01-31,8224,8530
2024-02-29,8596,8856
2024-03-31,8856,9104
2024-04-30,8487,8852
2024-05-31,8811,9086
2024-06-30,8939,9170
2024-07-31,8779,9267
2024-08-31,9132,9562
2024-09-30,9119,9805
2024-10-31,8589,9306
2024-11-30,8580,9229
2024-12-31,8303,9032
2025-01-31,8626,9416
2025-02-28,8616,9423
2025-03-31,8209,9209
2025-04-30,8553,9584
2025-05-31,8929,10068
2025-06-30,9151,10467
2025-07-31,9092,10340
2025-08-31,9259,10632
2025-09-30,9342,11065
2025-10-31,9436,11332
2025-11-30,9074,11128
2025-12-31,9196,11349
2026-01-31,9488,11975
2026-02-28,9569,12450
2026-03-31,8876,10938
2026-04-30,9678,12158
2026-05-31,10097,12837
2026-06-30,10357,12801
2026-07-31,10020,12452
2026-08-31,10234,12862

Categories,R6 Shares,MSCI ACWI ex-U.S. Growth Index                        
2016-08-31,10000,10000
2016-09-30,10025,10156
2016-10-31,9700,9810
2016-11-30,9457,9437
2016-12-31,9497,9575
2017-01-31,9873,9960
2017-02-28,9938,10161
2017-03-31,10532,10449
2017-04-30,11084,10752
2017-05-31,11576,11231
2017-06-30,11601,11239
2017-07-31,12206,11628
2017-08-31,12125,11745
2017-09-30,12513,11951
2017-10-31,12507,12238
2017-11-30,12520,12373
2017-12-31,12825,12640
2018-01-31,13752,13299
2018-02-28,13267,12704
2018-03-31,13083,12530
2018-04-30,13146,12624
2018-05-31,13378,12552
2018-06-30,13352,12352
2018-07-31,13531,12564
2018-08-31,13309,12422
2018-09-30,12978,12320
2018-10-31,11798,11166
2018-11-30,11579,11335
2018-12-31,10691,10817
2019-01-31,11596,11639
2019-02-28,11887,11954
2019-03-31,12299,12148
2019-04-30,12951,12531
2019-05-31,11953,11888
2019-06-30,12496,12677
2019-07-31,12529,12651
2019-08-31,12293,12422
2019-09-30,12211,12570
2019-10-31,12617,13027
2019-11-30,12932,13226
2019-12-31,13514,13774
2020-01-31,13553,13642
2020-02-29,12922,12646
2020-03-31,11533,11261
2020-04-30,12607,12232
2020-05-31,13796,12765
2020-06-30,14543,13412
2020-07-31,15728,14322
2020-08-31,16453,14906
2020-09-30,16292,14775
2020-10-31,16043,14516
2020-11-30,17285,15992
2020-12-31,18170,16832
2021-01-31,18103,16934
2021-02-28,18131,16873
2021-03-31,17587,16819
2021-04-30,18489,17440
2021-05-31,18209,17861
2021-06-30,18495,17930
2021-07-31,18405,17657
2021-08-31,18887,18056
2021-09-30,17671,17280
2021-10-31,18259,17815
2021-11-30,17047,17172
2021-12-31,17429,17689
2022-01-31,16020,16263
2022-02-28,15275,15808
2022-03-31,14863,15783
2022-04-30,13741,14609
2022-05-31,13676,14483
2022-06-30,12560,13304
2022-07-31,13407,14036
2022-08-31,12739,13488
2022-09-30,11414,12057
2022-10-31,11695,12294
2022-11-30,13365,13822
2022-12-31,12905,13611
2023-01-31,14162,14763
2023-02-28,13753,14130
2023-03-31,14439,14781
2023-04-30,14565,14930
2023-05-31,14210,14517
2023-06-30,14782,15068
2023-07-31,15023,15538
2023-08-31,14481,14745
2023-09-30,13627,13967
2023-10-31,13157,13424
2023-11-30,14613,14813
2023-12-31,15296,15521
2024-01-31,15532,15402
2024-02-29,16235,15991
2024-03-31,16726,16438
2024-04-30,16029,15984
2024-05-31,16641,16405
2024-06-30,16883,16557
2024-07-31,16580,16732
2024-08-31,17247,17264
2024-09-30,17223,17703
2024-10-31,16223,16803
2024-11-30,16205,16664
2024-12-31,15682,16308
2025-01-31,16292,17001
2025-02-28,16273,17014
2025-03-31,15505,16628
2025-04-30,16155,17305
2025-05-31,16863,18179
2025-06-30,17284,18900
2025-07-31,17172,18670
2025-08-31,17487,19197
2025-09-30,17645,19979
2025-10-31,17822,20461
2025-11-30,17139,20093
2025-12-31,17369,20491
2026-01-31,17921,21623
2026-02-28,18073,22480
2026-03-31,16764,19750
2026-04-30,18279,21953
2026-05-31,19070,23178
2026-06-30,19562,23114
2026-07-31,18924,22483
2026-08-31,19329,23223

Categories,R6 Shares,MSCI ACWI ex-U.S. Growth Index                        
2007-02-01,10000,10000
2007-02-28,10105,9924
2007-03-31,10570,10247
2007-04-30,11061,10714
2007-05-31,11477,10997
2007-06-30,11750,11106
2007-07-31,11705,11130
2007-08-31,11710,10999
2007-09-30,12538,11816
2007-10-31,13359,12494
2007-11-30,13247,12033
2007-12-31,13327,11886
2008-01-31,11877,10680
2008-02-29,12149,11139
2008-03-31,11585,10845
2008-04-30,11995,11458
2008-05-31,12139,11790
2008-06-30,10918,10951
2008-07-31,10620,10493
2008-08-31,10167,9931
2008-09-30,8952,8335
2008-10-31,6818,6514
2008-11-30,6371,6089
2008-12-31,6656,6464
2009-01-31,6130,5974
2009-02-28,5524,5461
2009-03-31,6126,5858
2009-04-30,7012,6456
2009-05-31,7819,7334
2009-06-30,7866,7258
2009-07-31,8462,7916
2009-08-31,8510,8074
2009-09-30,9168,8514
2009-10-31,9110,8478
2009-11-30,9283,8747
2009-12-31,9688,8964
2010-01-31,9416,8520
2010-02-28,9554,8558
2010-03-31,10307,9147
2010-04-30,10391,9086
2010-05-31,9584,8159
2010-06-30,9606,8101
2010-07-31,10128,8772
2010-08-31,10124,8581
2010-09-30,10950,9486
2010-10-31,11644,9795
2010-11-30,11693,9534
2010-12-31,12393,10260
2011-01-31,12614,10207
2011-02-28,13014,10456
2011-03-31,12903,10494
2011-04-30,13726,11036
2011-05-31,13939,10771
2011-06-30,13810,10588
2011-07-31,14104,10525
2011-08-31,13219,9655
2011-09-30,12045,8454
2011-10-31,13113,9394
2011-11-30,12415,8946
2011-12-31,12087,8802
2012-01-31,12706,9368
2012-02-29,13506,9915
2012-03-31,14036,9837
2012-04-30,13843,9776
2012-05-31,12638,8691
2012-06-30,12861,9103
2012-07-31,13047,9271
2012-08-31,13478,9427
2012-09-30,14290,9755
2012-10-31,14505,9767
2012-11-30,14783,9993
2012-12-31,14807,10269
2013-01-31,15412,10635
2013-02-28,15825,10653
2013-03-31,16420,10732
2013-04-30,16819,11059
2013-05-31,17086,10849
2013-06-30,16588,10412
2013-07-31,17396,10796
2013-08-31,17512,10632
2013-09-30,18693,11332
2013-10-31,19279,11699
2013-11-30,19476,11739
2013-12-31,20287,11860
2014-01-31,19430,11293
2014-02-28,20105,11887
2014-03-31,19238,11895
2014-04-30,18673,11981
2014-05-31,19138,12248
2014-06-30,19530,12425
2014-07-31,19056,12244
2014-08-31,19120,12355
2014-09-30,17936,11818
2014-10-31,18384,11777
2014-11-30,18430,11949
2014-12-31,17842,11545
2015-01-31,17514,11632
2015-02-28,19037,12229
2015-03-31,18719,12098
2015-04-30,19653,12631
2015-05-31,19643,12495
2015-06-30,18988,12169
2015-07-31,19229,12201
2015-08-31,18372,11284
2015-09-30,17679,10858
2015-10-31,18935,11681
2015-11-30,19264,11550
2015-12-31,19074,11401
2016-01-31,17730,10697
2016-02-29,17411,10563
2016-03-31,18455,11362
2016-04-30,18223,11535
2016-05-31,18552,11460
2016-06-30,17513,11415
2016-07-31,18677,11964
2016-08-31,19162,11922
2016-09-30,19209,12107
2016-10-31,18587,11696
2016-11-30,18121,11250
2016-12-31,18198,11415
2017-01-31,18917,11874
2017-02-28,19044,12113
2017-03-31,20180,12457
2017-04-30,21239,12819
2017-05-31,22182,13389
2017-06-30,22230,13399
2017-07-31,23389,13863
2017-08-31,23233,14002
2017-09-30,23976,14248
2017-10-31,23966,14590
2017-11-30,23990,14751
2017-12-31,24575,15069
2018-01-31,26350,15854
2018-02-28,25422,15145
2018-03-31,25069,14938
2018-04-30,25190,15050
2018-05-31,25634,14964
2018-06-30,25584,14725
2018-07-31,25927,14978
2018-08-31,25503,14809
2018-09-30,24867,14687
2018-10-31,22608,13312
2018-11-30,22188,13514
2018-12-31,20486,12895
2019-01-31,22221,13876
2019-02-28,22778,14251
2019-03-31,23566,14483
2019-04-30,24817,14939
2019-05-31,22904,14173
2019-06-30,23944,15114
2019-07-31,24007,15082
2019-08-31,23556,14809
2019-09-30,23398,14985
2019-10-31,24176,15530
2019-11-30,24780,15767
2019-12-31,25895,16421
2020-01-31,25969,16263
2020-02-29,24760,15076
2020-03-31,22099,13425
2020-04-30,24156,14583
2020-05-31,26436,15218
2020-06-30,27867,15990
2020-07-31,30137,17074
2020-08-31,31526,17770
2020-09-30,31218,17614
2020-10-31,30741,17305
2020-11-30,33120,19065
2020-12-31,34816,20067
2021-01-31,34687,20188
2021-02-28,34741,20115
2021-03-31,33700,20051
2021-04-30,35428,20791
2021-05-31,34891,21293
2021-06-30,35439,21375
2021-07-31,35267,21050
2021-08-31,36190,21526
2021-09-30,33861,20601
2021-10-31,34988,21239
2021-11-30,32664,20472
2021-12-31,33396,21089
2022-01-31,30698,19388
2022-02-28,29268,18846
2022-03-31,28480,18816
2022-04-30,26330,17416
2022-05-31,26204,17267
2022-06-30,24066,15860
2022-07-31,25690,16733
2022-08-31,24409,16080
2022-09-30,21871,14374
2022-10-31,22409,14657
2022-11-30,25610,16478
2022-12-31,24728,16227
2023-01-31,27137,17600
2023-02-28,26353,16846
2023-03-31,27667,17621
2023-04-30,27909,17799
2023-05-31,27229,17307
2023-06-30,28324,17964
2023-07-31,28785,18523
2023-08-31,27748,17579
2023-09-30,26111,16651
2023-10-31,25212,16003
2023-11-30,28001,17659
2023-12-31,29310,18504
2024-01-31,29762,18362
2024-02-29,31109,19064
2024-03-31,32049,19597
2024-04-30,30714,19055
2024-05-31,31887,19558
2024-06-30,32351,19739
2024-07-31,31771,19948
2024-08-31,33047,20582
2024-09-30,33001,21105
2024-10-31,31086,20032
2024-11-30,31051,19867
2024-12-31,30049,19442
2025-01-31,31219,20268
2025-02-28,31181,20284
2025-03-31,29709,19823
2025-04-30,30955,20631
2025-05-31,32313,21673
2025-06-30,33118,22532
2025-07-31,32904,22258
2025-08-31,33508,22886
2025-09-30,33810,23818
2025-10-31,34149,24393
2025-11-30,32841,23954
2025-12-31,33282,24429
2026-01-31,34339,25778
2026-02-28,34631,26800
2026-03-31,32123,23545
2026-04-30,35026,26172
2026-05-31,36541,27632
2026-06-30,37483,27556
2026-07-31,36261,26803
2026-08-31,37038,27686

The Hypothetical Growth graph compares a hypothetical investment in the Fund to the performance of the Index for the stated time period. Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.

Distributions

            Categories,Total ($)
            2013-11-19,0.56811
2014-09-30,0.08239
2014-11-19,0.98096
2014-12-31,0.00909
2015-09-30,0.06114
2015-12-31,0.01371
2016-06-30,0.04536
2016-09-30,0.03884
2017-06-30,0.04979
2017-09-30,0.03287
2017-11-17,0.81162
2018-11-15,0.74833
2018-12-31,0.12660
2019-11-14,0.11220
2019-12-31,0.09508
2020-11-19,0.37721
2021-11-18,1.98979
2022-12-31,0.18097
2023-12-31,0.17209
2024-11-21,1.88807
2024-12-31,0.13057
2025-11-20,0.23002
2025-12-31,0.07611

            Ex-Date, Payable Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
2013-11-19,1384819200,0.56811,0,0.21987,0.34824
2014-09-24,1412035200,0.08239,0.08239,0,0
2014-11-19,1416355200,0.98096,0,0.00000,0.98096
2014-12-24,1419984000,0.00909,0.00909,0,0
2015-09-24,1443571200,0.06114,0.06114,0,0
2015-12-24,1451520000,0.01371,0.01371,0,0
2016-06-24,1467244800,0.04536,0.04536,0,0
2016-09-26,1475193600,0.03884,0.03884,0,0
2017-06-23,1498780800,0.04979,0.04979,0,0
2017-09-22,1506729600,0.03287,0.03287,0,0
2017-11-17,1510876800,0.81162,0,0.05081,0.76081
2018-11-15,1542240000,0.74833,0,0.00000,0.74833
2018-12-21,1546214400,0.12660,0.12660,0,0
2019-11-14,1573689600,0.11220,0,0.00000,0.11220
2019-12-20,1577750400,0.09508,0.09508,0,0
2020-11-19,1605744000,0.37721,0,0.30139,0.07582
2021-11-18,1637193600,1.98979,0,0.06248,1.92731
2022-12-15,1672444800,0.18097,0.18097,0,0
2023-12-14,1703980800,0.17209,0.17209,0,0
2024-11-21,1732147200,1.88807,0,0.00000,1.88807
2024-12-19,1735603200,0.13057,0.13057,0,0
2025-11-20,1763596800,0.23002,0,0.00000,0.23002
2025-12-18,1767139200,0.07611,0.07611,0,0

Distributions

(As of 18 Dec 2025)

Ex-Date

Payable Date

Total ($)

Income ($)

ST Cap Gains ($)

LT Cap Gains ($)

19 Nov 2013

0.56811

—

0.21987

0.34824

24 Sep 2014

30 Sep 2014

0.08239

—

19 Nov 2014

0.98096

—

0.00000

0.98096

24 Dec 2014

31 Dec 2014

0.00909

—

24 Sep 2015

30 Sep 2015

0.06114

—

24 Dec 2015

31 Dec 2015

0.01371

—

24 Jun 2016

30 Jun 2016

0.04536

—

26 Sep 2016

30 Sep 2016

0.03884

—

23 Jun 2017

30 Jun 2017

0.04979

—

22 Sep 2017

30 Sep 2017

0.03287

—

17 Nov 2017

0.81162

—

0.05081

0.76081

15 Nov 2018

0.74833

—

0.00000

0.74833

21 Dec 2018

31 Dec 2018

0.12660

—

14 Nov 2019

0.11220

—

0.00000

0.11220

20 Dec 2019

31 Dec 2019

0.09508

—

19 Nov 2020

0.37721

—

0.30139

0.07582

18 Nov 2021

1.98979

—

0.06248

1.92731

15 Dec 2022

31 Dec 2022

0.18097

—

14 Dec 2023

31 Dec 2023

0.17209

—

21 Nov 2024

1.88807

—

0.00000

1.88807

19 Dec 2024

31 Dec 2024

0.13057

—

20 Nov 2025

0.23002

—

0.00000

0.23002

18 Dec 2025

31 Dec 2025

0.07611

—

Fund Facts

(As of 31 Aug 2026)

Net Fund Assets

$666.1 M

Benchmark

MSCI ACWI ex-U.S. Growth Index

Morningstar Category

Foreign Large Growth

Fund Symbol

THGIX

Share Class

Share Class Inception Date

1 Feb 2013

Distribution Frequency

Annually

Characteristics

Portfolio

(As of 31 Aug 2026)

Portfolio

Benchmark

Number of Holdings

—

Weighted Average Market Cap

$476.0 B

$287.3 B

Median Market Cap

$64.3 B

$15.2 B

Annual Portfolio Turnover

29%

—

Price to Earnings - Forward 1YR

18.2x

17.5x

Portfolio

Benchmark

Price to Earnings - Trailing 12 Months

29.0x

26.1x

Price to Cash Flow

20.2x

16.0x

Price to Book Value

5.7x

4.0x

Active Share

77.5%

—

Annual Portfolio Turnover reflects data as of the Fund’s fiscal year end (9/30).

Risk & Return Profile

(As of 31 Aug 2026)

10y

Annualized Alpha (%)

-3.69

-4.44

-1.75

Beta

0.86

0.97

0.99

R-Squared (%)

85.89

90.91

88.14

Standard Deviation (%)

14.05

17.35

16.28

Sharpe Ratio

0.38

-0.20

0.26

Information Ratio

-1.15

-0.93

-0.38

Tracking Error (%)

5.66

5.26

5.61

Up Capture (%)

77.34

87.22

94.32

Down Capture (%)

94.56

106.40

103.13

Past performance does not guarantee future results.

Risk & Return Profile metrics are based on the I share class.

Portfolio

Top Holdings

(As of 31 Aug 2026)

Name

Ticker/Symbol

Sector

Weight %

Taiwan Semiconductor Manufacturing Co. Ltd.

2330

Information Technology

13.2

ASML Holding N.V.

ASML

Information Technology

6.1

Tencent Holdings Ltd.

700

Communication Services

4.3

Mastercard, Inc.

Financials

4.0

Samsung Electronics Co. Ltd.

005930

Information Technology

3.5

Rolls-Royce Holdings plc

RR/

Industrials

3.4

AstraZeneca plc

AZN

Health Care

3.2

Hoya Corp.

7741

Health Care

3.2

Advanced Micro Devices, Inc.

AMD

Information Technology

2.9

SK Square Co. Ltd.

402340

Industrials

2.7

Download Holdings

Portfolio holdings are subject to change daily.

Exposure Breakdown

(As of 31 Aug 2026)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

Information Technology

39.8

28.1

Industrials

20.0

21.3

Financials

13.1

12.3

Health Care

8.8

Consumer Discretionary

8.6

9.5

Communication Services

5.4

5.2

Materials

1.7

7.9

Cash & Equivalents

1.6

—

Utilities

1.1

1.5

Real Estate

0.0

0.6

Consumer Staples

0.0

3.7

Energy

0.0

1.1

Sector Allocation

Fund (%)

Information Technology

39.8

Industrials

20.0

Financials

13.1

Health Care

8.8

Consumer Discretionary

8.6

Communication Services

5.4

Materials

1.7

Cash & Equivalents

1.6

Utilities

1.1

Real Estate

0.0

Consumer Staples

0.0

Energy

0.0

Top 10 Industries

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

25%

30%

Semiconductors & Semiconductor Equipment

26.0

18.1

Capital Goods

19.2

16.9

Technology Hardware & Equipment

9.0

6.3

Financial Services

8.3

4.6

Pharmaceuticals, Biotechnology & Life Sciences

5.7

7.3

Software & Services

4.8

3.7

Media & Entertainment

4.7

3.3

Consumer Discretionary Distribution & Retail

4.2

3.9

Banks

3.6

5.9

Health Care Equipment & Services

3.2

1.5

Top 10 Industries

Fund (%)

Semiconductors & Semiconductor Equipment

26.0

Capital Goods

19.2

Technology Hardware & Equipment

9.0

Financial Services

8.3

Pharmaceuticals, Biotechnology & Life Sciences

5.7

Software & Services

4.8

Media & Entertainment

4.7

Consumer Discretionary Distribution & Retail

4.2

Banks

3.6

Health Care Equipment & Services

3.2

Top 10 Countries

Fund (%)

Benchmark (%)

Region

Portfolio

Benchmark

10%

15%

20%

Taiwan

15.2

9.1

Asia Pacific ex Japan

Netherlands

11.2

4.9

Europe ex UK

United States

10.9

—

North America

United Kingdom

9.1

7.7

China

8.1

6.6

Asia Pacific ex Japan

Japan

7.8

13.8

Japan

Korea, Republic of (South Korea)

6.3

6.9

Asia Pacific ex Japan

Italy

6.3

1.0

Europe ex UK

Germany

5.8

5.4

Europe ex UK

France

4.5

5.5

Europe ex UK

Top 10 Countries

Fund (%)

Taiwan

15.2

Netherlands

11.2

United States

10.9

United Kingdom

9.1

China

8.1

Japan

7.8

Korea, Republic of (South Korea)

6.3

Italy

6.3

Germany

5.8

France

4.5

Capitalization

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Large Cap (> $12 B)

91.9

93.6

Mid Cap ($2.5 to $12 B)

6.3

Small Cap (< $2.5 B)

1.9

0.0

Capitalization

Fund (%)

Large Cap (> $12 B)

91.9

Mid Cap ($2.5 to $12 B)

6.3

Small Cap (< $2.5 B)

1.9

Holdings with the Geography breakdown are classified by country of risk as determined by MSCI and Bloomberg.

Weights are percentages of the total portfolio unless otherwise noted.

May not add up to 100% due to rounding.

Cash and Equivalents includes cash, short-term securities, other assets less liabilities, accruals, derivatives and forwards. It may also include investments in money market or similar funds managed by Thornburg that are not offered to the public.

Portfolio Managers

Sean Koung Sun, CFA

Portfolio Manager and Managing Director

Sean Sun is a portfolio manager for Thornburg Investment Management. He joined the firm in 2012 as an equity research analyst and was promoted to associate portfolio manager in 2015 and portfolio manager in 2017. Sean holds an MBA with concentrations in finance and entrepreneurship from the University of Chicago Booth School of Business and a BA in economics from…

Learn More

Nicholas Anderson, CFA

Portfolio Manager and Managing Director

Nicholas Anderson is a portfolio manager for Thornburg Investment Management. He joined the firm in 2016 as an equity research analyst, was promoted to senior equity research analyst in 2020, an associate portfolio manager in early 2021, and portfolio manager in late 2021. Nick holds an MBA with honors from the University of Chicago Booth School of Business and a…

Learn More

Literature

Fact Sheet

Commentary

Summary Prospectus

Annual Financial Statements

Semi-Annual Financial Statements

Prospectus

Statement of Additional Information (SAI)

Annual TSR

Semi-Annual TSR

Important Information

Before investing, carefully consider the Fund's investment goals, risks, charges, and expenses. For a prospectus or summary prospectus containing this and other information, contact your financial advisor or visit thornburg.com. Read them carefully before investing.

Investments carry risks, including possible loss of principal. Additional risks may be associated with investments outside the United States, especially in emerging markets, including currency fluctuations, illiquidity, volatility, and political and economic risks. Investments in small- and mid-capitalization companies may increase the risk of greater price fluctuations. Investments in the Fund are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.

The performance of any index is not indicative of the performance of any particular investment. Unless otherwise noted, index returns reflect the reinvestment of income dividends and capital gains, if any, but do not reflect fees, brokerage commissions or other expenses of investing. Investors may not make direct investments into any index.

Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment losses.

Funds invested in a limited number of holdings may expose an investor to greater volatility.

Class R shares are limited to retirement platforms only.

Class I shares may not be available to all investors. Minimum investments for the I share class may be higher than those for other classes.

There is no guarantee that the Fund will meet its investment objectives.

To determine a fund's Morningstar Rating™, funds and other managed products with at least a three-year history are ranked in their categories by their Morningstar Risk-Adjusted Return scores. The top 10% receive 5 stars; the next 22.5%, 4 stars; the middle 35%, 3 stars; the next 22.5%, 2 stars; and the bottom 10% receive 1 star. The Risk-Adjusted Return accounts for variation in a managed product's monthly excess performance (excluding sales charges), placing more emphasis on downward variations and rewarding consistent performance. Other share classes may have different performance characteristics.

© 2026 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Please see our glossary for a definition of terms.

Thornburg mutual funds are distributed by Thornburg Securities LLC.

Thornburg Investment Management, Inc. mutual funds are sold through investment professionals including investment advisors, brokerage firms, bank trust departments, trust companies and certain other financial intermediaries. Thornburg Securities LLC (TSL) does not act as broker of record for investors.

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THGIX

Thornburg International Growth Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Sean Koung Sun, CFA

Nicholas Anderson, CFA

Literature

Important Information

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THGIX

Thornburg International Growth Fund

Portfolio Managers

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return Profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Sean Koung Sun, CFA

Nicholas Anderson, CFA

Literature

Important Information

More Insights

Signal Over Noise: A Conversation on Global Markets

Hyperscalers at the Inflection

U.S. Treasury’s New Activism Adds Another Variable for the Dollar and International Equities