TGOFNAU ID
Thornburg Global Opportunities Fund (UCITS)
Fund Assets
$75.2 M
As of 31 Jul 2026
NAV
$17.01
As of 11 Sep 2026
Change
$-0.01
As of 11 Sep 2026
YTD NAV Performance
10.10%
As of 11 Sep 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
Two decades. One consistent philosophy.
A world of opportunity.
Hear what this milestone means to Portfolio Manager Miguel Oleaga.
Overview
Fund Facts
Fund Facts
(As of 31 Jul 2026)Net Fund Assets
$75.2 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
Ongoing Charges
2.25%
Management Fee
2.00%
Share Class
N Acc
Share Class Inception Date
3 Jan 2024
Fund Inception Date
11 Jan 2011
Bloomberg Ticker
TGOFNAU ID
ISIN
IE0003PN6QX8
Cusip
G8850N205
SEDOL
03PN6QX
Performance
Performance
Returns
(As of 30 Jun 2026)2025
Total Return (%)
37.46
MSCI ACWI Index (%)
22.34
Hypothetical Growth of $10,000
Hypothetical Growth of $10,000
(As of 31 Dec 2023)
(Hypothetical Growth of $10,000 vs MSCI ACWI Index)
Characteristics
Characteristics
Portfolio
(As of 31 Jul 2026)Portfolio
Benchmark
Number of Holdings
40
—
Weighted Average Market Cap
$507.1 B
$1,036.1 B
Median Market Cap
$138.2 B
$18.6 B
Annual Portfolio Turnover
25%
—
Price to Earnings - Forward 1YR
13.1x
18.2x
Portfolio
Benchmark
Dividend Yield
1.7%
1.5%
Price to Earnings - Trailing 12 Months
19.7x
24.8x
Price to Cash Flow
9.5x
15.2x
Price to Book Value
2.7x
3.8x
Active Share
89.9%
—
Risk & Return Profile
Risk & Return Profile
(As of 31 Jul 2026)3y
5y
10y
Annualized Alpha (%)
4.89
3.56
0.55
Beta
0.88
0.88
1.02
R-Squared (%)
73.43
79.92
83.16
Standard Deviation (%)
12.80
14.75
16.38
Sharpe Ratio
1.30
0.65
0.64
Information Ratio
0.46
0.36
0.09
Tracking Error (%)
6.76
6.84
6.73
Up Capture (%)
103.57
97.82
101.99
Down Capture (%)
84.40
83.94
99.95
Portfolio
Portfolio
Top Holdings
(As of 31 Jul 2026)Name
Ticker/Symbol
Sector
Weight %
Samsung Electronics Co. Ltd.
005930
Information Technology
5.9
Eli Lilly & Co.
LLY
Health Care
5.1
Alphabet, Inc.
GOOGL
Communication Services
4.2
Adobe, Inc.
ADBE
Information Technology
3.9
Contemporary Amperex Technology Co. Ltd.
300750
Industrials
3.8
SAP SE
SAP
Information Technology
3.8
MTU Aero Engines AG
MTX
Industrials
3.6
The Charles Schwab Corp.
SCHW
Financials
3.5
Tencent Holdings Ltd.
700
Communication Services
3.5
Taiwan Semiconductor Manufacturing Co. Ltd.
2330
Information Technology
3.1
Exposure Breakdown
Exposure Breakdown
(As of 31 Jul 2026)Sector Allocation
Fund (%)
Communication Services
21.1
Information Technology
16.7
Industrials
14.5
Financials
13.6
Consumer Discretionary
12.7
Health Care
5.9
Cash & Equivalents
4.5
Energy
4.1
Consumer Staples
3.7
Materials
3.3
Real Estate
0.0
Utilities
0.0
Top 10 Industries
Fund (%)
Media & Entertainment
12.1
Capital Goods
9.0
Telecommunication Services
8.9
Software & Services
7.6
Consumer Services
7.5
Banks
6.8
Pharmaceuticals, Biotechnology & Life Sciences
5.9
Technology Hardware & Equipment
5.9
Commercial & Professional Services
5.5
Financial Services
5.1
Top 10 Countries
Fund (%)
United States
34.4
China
10.2
France
9.2
Germany
8.2
Korea, Republic of (South Korea)
5.9
Hong Kong
4.5
United Kingdom
4.2
Taiwan
3.9
Japan
2.7
Ireland
2.6
Capitalization
Fund (%)
Large Cap (> $12 B)
81.5
Mid Cap ($2.5 to $12 B)
13.8
Small Cap (< $2.5 B)
4.7
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;…
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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…
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