Thornburg International Equity Fund (UCITS)
SYMBOL: TGEENAU ID
Fund Assets
$27.3 M
As of 30 Apr 2025
NAV
$13.24
As of 27 May 2025
Change
$0.12
As of 27 May 2025
YTD NAV Performance
19.39%
As of 27 May 2025
Asset Category:
International Equity
Fund Benchmark:
MSCI ACWI ex-U.S. Index
Portfolio Managers
Portfolio Manager and Managing Director
Head of Equities and Managing Director
Overview
Fund Facts
Fund Facts
(As of 30 Apr 2025)Net Fund Assets
$27.3 M
Benchmark
MSCI ACWI ex-U.S. Index
Morningstar Category
EAA Fund Global Large-Cap Blend Equity
Distribution Frequency
N/A
SFDR
Article 8
Minimum Investment
$1,000
Ongoing Charges
2.25%
Management Fee
2.00%
Share Class
N Acc
Share Class Inception Date
3 Jan 2024
Fund Inception Date
30 Mar 2012
Bloomberg Ticker
TGEENAU ID
ISIN
IE0004E0FGG4
Cusip
G8850N197
SEDOL
04E0FGG
Performance
Performance
Returns
(As of 31 Mar 2025)Hypothetical Growth of $10,000
Hypothetical Growth of $10,000
(As of 30 Apr 2025)
(Hypothetical Growth of $10,000 vs MSCI EAFE Index)
Characteristics
Characteristics
Portfolio
(As of 30 Apr 2025)Portfolio
Benchmark
Weighted Average Market Cap
$118.6 B
$107.7 B
Median Market Cap
$70.7 B
$11.3 B
Price to Earnings - Forward 1YR
16.0x
14.0x
Dividend Yield
2.6%
2.9%
Price to Earnings - Trailing 12 Months
16.2x
15.9x
Price to Cash Flow
8.4x
8.6x
Portfolio
Benchmark
Price to Book Value
2.1x
1.8x
Return on Assets - 5 YR
5.9%
6.5%
Return on Equity - 5 YR
14.7%
15.5%
Historical 3YR Sales Growth
10.8%
15.3%
Active Share
85.1%
—
Risk & Return Profile
Risk & Return Profile
(As of 31 Mar 2025)3y
5y
10y
Annualized Alpha (%)
4.65
4.15
2.30
Beta
1.02
0.98
0.98
R-Squared (%)
94.54
90.65
90.14
Standard Deviation (%)
16.72
15.72
15.36
Sharpe Ratio
0.29
0.79
0.34
Information Ratio
1.23
0.88
0.45
Tracking Error (%)
3.92
4.82
4.83
Up Capture (%)
109.76
107.86
104.84
Down Capture (%)
89.33
89.69
94.67
Portfolio
Portfolio
Top Holdings
(As of 31 Mar 2025)Name
Ticker/Symbol
Sector
Weight %
TotalEnergies SE
TTE
Energy
3.3
E.ON SE
EOAN
Utilities
3.1
Orange S.A.
ORA
Communication Services
3.1
Sony Group Corp.
6758
Consumer Discretionary
2.9
Enel SpA
ENEL
Utilities
2.9
Safran S.A.
SAF
Industrials
2.9
Mitsubishi UFJ Financial Group, Inc.
8306
Financials
2.8
NN Group N.V.
NN
Financials
2.7
Linde plc
LIN
Materials
2.7
Samsung Electronics Co. Ltd.
005930
Information Technology
2.7
Exposure Breakdown
Exposure Breakdown
(As of 30 Apr 2025)Sector Allocation
Fund (%)
Industrials
22.2
Financials
16.9
Utilities
11.5
Information Technology
10.7
Consumer Discretionary
7.4
Health Care
7.4
Materials
6.9
Consumer Staples
6.4
Communication Services
5.2
Energy
4.2
Cash & Cash Equivalents
1.2
Real Estate
0.0
Top 10 Industries
Fund (%)
Capital Goods
16.1
Utilities
11.5
Banks
7.5
Materials
6.9
Pharmaceuticals, Biotechnology & Life Sciences
5.3
Insurance
5.2
Consumer Durables & Apparel
4.9
Technology Hardware & Equipment
4.5
Software & Services
4.3
Financial Services
4.2
Top 10 Countries
Fund (%)
France
22.4
Japan
15.7
Germany
9.1
United States
7.5
Spain
7.4
Canada
6.4
Italy
5.5
Netherlands
5.0
Switzerland
4.6
United Kingdom
4.2
Capitalization
Fund (%)
Large Cap (> $12 B)
96.4
Mid Cap ($2.5 to $12 B)
3.6
Small Cap (< $2.5 B)
0.0
Portfolio Managers
Portfolio Managers

Lei Wang, CFA
Portfolio Manager and Managing Director
Lei Wang is a 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…
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Matt Burdett
Head of Equities and Managing Director
Matt Burdett is head of equities and a portfolio manager for Thornburg Investment Management. He rejoined the firm in 2015 as an associate portfolio manager. Matt was named a managing director and was promoted to portfolio manager in 2018 and to head of equities in 2024. Matt spent several years as a senior vice president and portfolio manager at PIMCO,…
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