Better World International Fund - Fund Facts - Thornburg Investment Management

FUND OBJECTIVE

The Fund seeks long-term capital appreciation.

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

INVESTMENT STRATEGY

The Fund is invested in a broad range of foreign securities issued by companies that demonstrate one or more positive environmental, social and governance (“ESG”) characteristics identified as significant by Thornburg.

Portfolio Mangement

Di Zhou, CFA, FRM
Portfolio Manager and Managing Director

Portfolio managers are supported by the entire Thornburg investment team.

Fund Facts as of 9/18/2020

CLASS	SYMBOL	NAV	CHANGE (from 9/17/2020)	CUSIP	INCEPTION DATE
A	TBWAX	$15.98	$-0.02	885-216-721	9/30/2015
C	TBWCX	$15.83	$-0.02	885-216-713	9/30/2015
I	TBWIX	$16.39	$-0.01	885-216-697	9/30/2015

Net Assets as of 8/31/2020: $98.4 M
Capital Gains Paid Annually: 2018 Capital Gains Paid as of Nov 15, 2018 record date.
Benchmark: MSCI AC World ex-U.S. Index

Related Resources

Di Zhou Talks Advantages of ESG Investing

Please see our glossaryglossary (www.thornburg.com/glossary) for a definition of terms.

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.

The views expressed are subject to change and do not necessarily reflect the views of Thornburg Investment Management, Inc. This information should not be relied upon as a recommendation or investment advice and is not intended to predict the performance of any investment or market.

Thornburg mutual funds are distributed by Thornburg Securities Corporation.

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.

Overall Morningstar Rating of five stars among 633 Foreign Large Blend funds, based on risk-adjusted returns for I shares, using the funds’s three-year: 5 stars among 633 funds, as of 7/31/2020.

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. © 2020 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.

Click here to view Better World International Fund performance.

Click here to view the top 10 holdings for Better World International Fund.

September 10, 2020

Portfolio Manager Di Zhou discusses her approach to ESG Investing and the long-term prospects within the space.

As Inflows Grow and Skepticism Lingers, ESG Investing Comes of Age

August 28, 2020

Companies increasingly adopt ESG principles as investment managers integrate sustainability metrics into their investment process. But it’s still “something of a wild west.”

Commentary: Better World International Fund

2nd Quarter 2020

We believe that the central proposition of the fund will continue to be true, which is that companies which observe and practice ESG principles will be more profitable and efficient and operate with less risk, leading to better risk-adjusted returns over the long run.

Steering your portfolio clear of the silo trap

June 1, 2020

Why a generalist research approach can triumph over siloed team structures.

What Will the U.S. Economic Recovery Look Like?

May 4, 2020

Cornerstone Macro’s Nancy Lazar is optimistic about a recovery but points out risks.