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 charge14.70%30.85%15.84%12.20%12.93%
TBWAX without sales charge20.09%37.04%17.62%13.24%13.79%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR5.90%23.92%8.03%8.94%8.99%
A Shares (Incep. 9/30/2015) YTD 1-YR 3-YR 5-YR INCEPTION
TBWAX with sales charge14.70%30.85%15.84%12.20%12.93%
TBWAX without sales charge20.09%37.04%17.62%13.24%13.79%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR5.90%23.92%8.03%8.94%8.99%
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%
2020 25.85% 10.65%

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) 1.94%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 1.83%
Actual Annualized Operating Expenses (fiscal year to date, as of 6/30/2021) 1.60%

Morningstar Rating

Overall Morningstar Rating among 680 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 680 and 586 funds, as of 7/31/2021.

Dividends and Capital Gains — Class A Shares

Dividend (December 2020) None Paid
Capital Gains (2020) None Paid

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

A Shares with sales charge
20738.17140000
MSCI ACWI ex US NTR
16764.93760000
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 charge19.30%35.91%16.87%12.56%13.11%
TBWCX with sales charge18.30%34.91%16.87%12.56%13.11%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR5.90%23.92%8.03%8.94%8.99%
C Shares (Incep. 9/30/2015) YTD 1-YR 3-YR 5-YR INCEPTION
TBWCX without sales charge19.30%35.91%16.87%12.56%13.11%
TBWCX with sales charge18.30%34.91%16.87%12.56%13.11%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR5.90%23.92%8.03%8.94%8.99%
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%
2020 25.23% 10.65%

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) 3.31%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 2.38%
Actual Annualized Operating Expenses (fiscal year to date, as of 6/30/2021) 2.38%

Morningstar Rating

Overall Morningstar Rating among 680 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 680 and 586 funds, as of 7/31/2021.

Dividends and Capital Gains — Class C Shares

Dividend (December 2020) None Paid
Capital Gains (2020) None Paid

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

C Shares
20945.42530000
MSCI ACWI ex US NTR
16764.93760000
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
TBWIX20.51%37.72%18.39%14.05%14.61%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR5.90%23.92%8.03%8.94%8.99%
I Shares (Incep. 9/30/2015) YTD 1-YR 3-YR 5-YR INCEPTION
TBWIX20.51%37.72%18.39%14.05%14.61%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR5.90%23.92%8.03%8.94%8.99%
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%
2020 26.75% 10.65%

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) 1.33%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 1.09%
Actual Annualized Operating Expenses (fiscal year to date, as of 6/30/2021) 1.09%

Morningstar Rating

Overall Morningstar Rating among 680 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 680 and 586 funds, as of 7/31/2021.

Dividends and Capital Gains — Class I Shares

Dividend (paid Dec 17, 2020) $0.07245
Capital Gains (2020) None Paid

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

I Shares
22665.91800000
MSCI ACWI ex US NTR
16764.93760000
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