Thornburg Better World International Fund

Top Ten Countries as of

  1. China
    15.0%
  2. Japan
    13.8%
  3. Germany
    13.6%
  4. France
    12.6%
  5. United Kingdom
    9.2%
  6. United States
    7.0%
  7. Italy
    5.4%
  8. Switzerland
    5.2%
  9. Netherlands
    4.8%
  10. Hong Kong
    3.3%
Holdings are classified by country of risk as determined by MSCI and Bloomberg.

Sector Allocation as of

Consumer Discretionary
17.0%
Health Care
13.6%
Information Technology
12.7%
Financials
11.0%
Industrials
10.7%
Communication Services
10.6%
Consumer Staples
8.7%
Materials
5.8%
Utilities
4.0%
Real Estate
0.9%
Cash & Cash Equivalents
4.8%

Top Ten Industry Groups as of

Capital Goods
9.1%
Consumer Durables & Apparel
8.7%
Retailing
8.3%
Media & Entertainment
7.4%
Pharma, Biotech & Life Sciences
7.2%
Insurance
6.8%
Health Care Equipment & Services
6.4%
Materials
5.8%
Semiconductors & Equipment
5.5%
Household & Personal Products
4.8%

Top Ten Positions as of

% OF PORTFOLIO
Alibaba Group Holding Ltd. 4.7%
Tencent Holdings Ltd. 4.5%
Sony Corp. 3.5%
AIA Group Ltd. 3.3%
Enel SpA 3.0%
Nomad Foods Ltd. 2.7%
Fresenius Medical Care AG & Co. KGaA 2.7%
Takeda Pharmaceutical Co. Ltd. 2.2%
Kao Corp. 2.1%
Reckitt Benckiser Group plc 2.1%
Portfolio holdings are subject to change.

Key Portfolio Attributes as of

Fund Assets $67.5 M
Portfolio P/E Forecast 12 Months* 18.6x
Portfolio P/E Trailing 12 Months* 17.4x
Portfolio Price to Cash Flow* 9.7x
Portfolio Price to Book* 2.0x
Median Market Capitalization* $36.0 B
Number of Holdings 57
Emerging Markets Exposure 17.9%
Active Share* (vs. MSCI AC World ex-U.S. Index) 85.1%
* Source: FactSet

Portfolio Composition as of

Basic Value
32.7%
Consistent Earners
38.9%
Emerging Franchises
23.5%
Cash & Cash Equivalents
4.8%
The percentages may not add up to 100 due to rounding.

Capitalization Exposure as of

Large Cap (> $12 B)
82.6%
Mid Cap ($2.5 to $12 B)
16.6%
Small Cap (< $2.5 B)
0.8%
The percentages may not add up to 100 due to rounding.
Important Information