Better World International Fund - Performance

Share Class

Average Annual Total Returns

A Shares (Incep. 9/30/2015) YTD 1-YR 3-YR 5-YR INCEPTION
TBWAX with sales charge3.23%10.27%4.53%7.39%8.06%
TBWAX without sales charge8.10%15.46%6.14%8.38%9.04%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR-7.47%-2.61%-0.19%4.26%5.67%
A Shares (Incep. 9/30/2015) YTD 1-YR 3-YR 5-YR INCEPTION
TBWAX with sales charge5.31%17.09%6.10%8.64%8.64%
TBWAX without sales charge10.28%22.65%7.75%9.64%9.64%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR-5.44%3.00%1.16%6.23%6.23%
A Shares without sales charge
(Incep. 9/30/2015)
MSCI ACWI ex US NTR
2016 6.76% 4.50%
2017 21.88% 27.19%
2018 -14.28% -14.20%
2019 23.73% 21.51%

Returns for less than one year are not annualized.
Source: Confluence

Fund Operating Expenses — Class A Shares

Gross Annual Operating Expenses (as reported in the most recent Prospectus) 2.10%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 1.83%
Actual Annualized Operating Expenses (fiscal year to date, as of 9/30/2020) 1.83%

Morningstar Rating

Overall Morningstar Rating among 647 Foreign Large Blend funds, based on risk-adjusted returns for class A shares, using a weighted average of the fund's three- and five-year ratings: respectively, 5 stars and 5 stars among 647 and 548 funds, as of 9/30/2020.

Dividends and Capital Gains — Class A Shares

Dividend (paid Dec 20, 2019) $0.09052
Capital Gains for 2018 paid Nov 15, 2018  
     Short-Term (per share) $0.46085
     Long-Term (per share) $0.50436
     Total (per share) $0.96521

Hypothetical Growth of $10,000 as of (Thornburg Better World International Fund vs. MSCI ACWI ex US NTR)

A Shares with sales charge
14833.68740000
MSCI ACWI ex US NTR
13238.43130000
The Hypothetical Growth of $10,000 graph compares a hypothetical $10,000 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.

Additional Rating and Ranking Information

Average Annual Total Returns

C Shares (Incep. 9/30/2015) YTD 1-YR 3-YR 5-YR INCEPTION
TBWCX without sales charge7.65%14.81%5.54%7.76%8.43%
TBWCX with sales charge6.65%13.81%5.54%7.76%8.43%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR-7.47%-2.61%-0.19%4.26%5.67%
C Shares (Incep. 9/30/2015) YTD 1-YR 3-YR 5-YR INCEPTION
TBWCX without sales charge9.92%22.02%7.18%9.04%9.04%
TBWCX with sales charge8.92%21.02%7.18%9.04%9.04%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR-5.44%3.00%1.16%6.23%6.23%
C Shares without sales charge
(Incep. 9/30/2015)
MSCI ACWI ex US NTR
2016 6.13% 4.50%
2017 21.20% 27.19%
2018 -14.66% -14.20%
2019 22.89% 21.51%

Returns for less than one year are not annualized.
Source: Confluence

Fund Operating Expenses — Class C Shares

Gross Annual Operating Expenses (as reported in the most recent Prospectus) 3.48%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 2.38%
Actual Annualized Operating Expenses (fiscal year to date, as of 9/30/2020) 2.38%

Morningstar Rating

Overall Morningstar Rating among 647 Foreign Large Blend funds, based on risk-adjusted returns for class C shares, using a weighted average of the fund's three- and five-year ratings: respectively, 5 stars and 5 stars among 647 and 548 funds, as of 9/30/2020.

Dividends and Capital Gains — Class C Shares

Dividend (paid Dec 20, 2019) $0.00965
Capital Gains for 2018 paid Nov 15, 2018  
     Short-Term (per share) $0.46085
     Long-Term (per share) $0.50436
     Total (per share) $0.96521

Hypothetical Growth of $10,000 as of (Thornburg Better World International Fund vs. MSCI ACWI ex US NTR)

C Shares
15093.02700000
MSCI ACWI ex US NTR
13238.43130000
The Hypothetical Growth of $10,000 graph compares a hypothetical $10,000 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.

Additional Rating and Ranking Information

Average Annual Total Returns

I Shares (Incep. 9/30/2015) YTD 1-YR 3-YR 5-YR INCEPTION
TBWIX8.77%16.37%6.93%9.20%9.87%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR-7.47%-2.61%-0.19%4.26%5.67%
I Shares (Incep. 9/30/2015) YTD 1-YR 3-YR 5-YR INCEPTION
TBWIX10.91%23.62%8.54%10.48%10.48%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR-5.44%3.00%1.16%6.23%6.23%
I Shares (Incep. 9/30/2015) MSCI ACWI ex US NTR
2016 7.55% 4.50%
2017 22.87% 27.19%
2018 -13.59% -14.20%
2019 24.62% 21.51%

Returns for less than one year are not annualized.
Source: Confluence

Fund Operating Expenses — Class I Shares

Gross Annual Operating Expenses (as reported in the most recent Prospectus) 1.44%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 1.09%
Actual Annualized Operating Expenses (fiscal year to date, as of 9/30/2020) 1.09%

Morningstar Rating

Overall Morningstar Rating among 647 Foreign Large Blend funds, based on risk-adjusted returns for class I shares, using a weighted average of the fund's three- and five-year ratings: respectively, 5 stars and 5 stars among 647 and 548 funds, as of 9/30/2020.

Dividends and Capital Gains — Class I Shares

Dividend (paid Dec 20, 2019) $0.18707
Capital Gains for 2018 paid Nov 15, 2018  
     Short-Term (per share) $0.46085
     Long-Term (per share) $0.50436
     Total (per share) $0.96521

Hypothetical Growth of $10,000 as of (Thornburg Better World International Fund vs. MSCI ACWI ex US NTR)

I Shares
16140.00150000
MSCI ACWI ex US NTR
13238.43130000
The Hypothetical Growth of $10,000 graph compares a hypothetical $10,000 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.

Additional Rating and Ranking Information
Important Information