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 charge14.98%14.98%21.44%13.34%12.42%
TBWAX without sales charge20.39%20.39%23.30%14.39%13.25%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR7.82%7.82%13.18%9.61%8.93%
A Shares (Incep. 9/30/2015) YTD 1-YR 3-YR 5-YR INCEPTION
TBWAX with sales charge14.98%14.98%21.44%13.34%12.42%
TBWAX without sales charge20.39%20.39%23.30%14.39%13.25%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR7.82%7.82%13.18%9.61%8.93%
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%
2021 20.39% 7.82%

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 9/30/2021) 1.57%

Morningstar Rating

Overall Morningstar Rating among 687 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 687 and 593 funds, as of 10/31/2021.

Dividends and Capital Gains — Class A Shares

Dividend (December 2021) 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
20789.56880000
MSCI ACWI ex US NTR
17069.62910000
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 charge19.36%19.36%22.47%13.70%12.56%
TBWCX with sales charge18.36%18.36%22.47%13.70%12.56%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR7.82%7.82%13.18%9.61%8.93%
C Shares (Incep. 9/30/2015) YTD 1-YR 3-YR 5-YR INCEPTION
TBWCX without sales charge19.36%19.36%22.47%13.70%12.56%
TBWCX with sales charge18.36%18.36%22.47%13.70%12.56%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR7.82%7.82%13.18%9.61%8.93%
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%
2021 19.36% 7.82%

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 9/30/2021) 2.38%

Morningstar Rating

Overall Morningstar Rating among 687 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 687 and 593 funds, as of 10/31/2021.

Dividends and Capital Gains — Class C Shares

Dividend (December 2021) 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
20956.32240000
MSCI ACWI ex US NTR
17069.62910000
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
TBWIX20.92%20.92%24.07%15.19%14.04%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR7.82%7.82%13.18%9.61%8.93%
I Shares (Incep. 9/30/2015) YTD 1-YR 3-YR 5-YR INCEPTION
TBWIX20.92%20.92%24.07%15.19%14.04%
Benchmark (Since 9/30/2015)
MSCI ACWI ex US NTR7.82%7.82%13.18%9.61%8.93%
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%
2021 20.92% 7.82%

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 9/30/2021) 1.09%

Morningstar Rating

Overall Morningstar Rating among 687 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 687 and 593 funds, as of 10/31/2021.

Dividends and Capital Gains — Class I Shares

Dividend (paid Dec 16, 2021) $0.04934
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
22742.54350000
MSCI ACWI ex US NTR
17069.62910000
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