Thornburg Global Opportunities Fund

Share Class

Average Annual Total Returns

A Shares (Incep. 7/28/2006) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THOAX without sales charge8.06%-10.61%3.67%2.44%8.99%7.83%
THOAX with sales charge3.19%-14.63%2.09%1.50%8.49%7.46%
Benchmark (Since 7/28/2006)
MSCI AC World Index13.80%-0.28%9.17%5.51%8.61%5.64%
A Shares (Incep. 7/28/2006) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THOAX without sales charge13.11%-5.84%6.84%3.48%10.85%8.32%
THOAX with sales charge8.01%-10.07%5.20%2.53%10.33%7.94%
Benchmark (Since 7/28/2006)
MSCI AC World Index16.23%5.74%11.62%6.16%10.15%5.89%
A Shares without sales charge
(Incep. 7/28/2006)		 MSCI AC World Index
2007 31.92% 11.66%
2008 -48.17% -42.20%
2009 45.98% 34.63%
2010 15.33% 12.66%
2011 -7.79% -7.34%
2012 21.56% 16.13%
2013 28.18% 22.80%
2014 18.44% 4.17%
2015 1.12% -2.37%
2016 3.64% 7.86%
2017 21.64% 23.97%
2018 -20.92% -9.42%

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) 1.28%
Actual Annualized Operating Expenses (fiscal year to date, as of 6/30/2019) 1.33%

Morningstar Rating™

Overall Morningstar Rating among 727 World Large Stock funds, based on risk-adjusted returns for class A shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 1 star, 2 stars and 3 stars among 727, 597 and 364 funds, as of 8/31/2019.

Dividends and Capital Gains — Class A Shares

Dividend (paid Dec 21, 2018) $0.55231
Capital Gains (2018) None Paid

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI AC World Index)

A Shares with sales charge		 25638.88370000
MSCI AC World Index		 20517.00580000
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
Show More

Average Annual Total Returns

C Shares (Incep. 7/28/2006) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THOCX without sales charge7.52%-11.33%2.89%1.67%8.15%7.00%
THOCX with sales charge6.52%-12.20%2.89%1.67%8.15%7.00%
Benchmark (Since 7/28/2006)
MSCI AC World Index13.80%-0.28%9.17%5.51%8.61%5.64%
C Shares (Incep. 7/28/2006) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THOCX without sales charge12.69%-6.58%6.02%2.69%10.00%7.49%
THOCX with sales charge11.69%-7.51%6.02%2.69%10.00%7.49%
Benchmark (Since 7/28/2006)
MSCI AC World Index16.23%5.74%11.62%6.16%10.15%5.89%
C Shares without sales charge
(Incep. 7/28/2006)		 MSCI AC World Index
2007 30.84% 11.66%
2008 -48.54% -42.20%
2009 44.84% 34.63%
2010 14.34% 12.66%
2011 -8.48% -7.34%
2012 20.64% 16.13%
2013 27.22% 22.80%
2014 17.57% 4.17%
2015 0.32% -2.37%
2016 2.88% 7.86%
2017 20.69% 23.97%
2018 -21.51% -9.42%

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) 2.03%
Actual Annualized Operating Expenses (fiscal year to date, as of 6/30/2019) 2.09%

Morningstar Rating™

Overall Morningstar Rating among 727 World Large Stock funds, based on risk-adjusted returns for class C shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 1 star, 1 star and 2 stars among 727, 597 and 364 funds, as of 8/31/2019.

Dividends and Capital Gains — Class C Shares

Dividend (paid Dec 21, 2018) $0.24867
Capital Gains (2018) None Paid

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI AC World Index)

C Shares		 24261.69990000
MSCI AC World Index		 20517.00580000
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
Show More

Average Annual Total Returns

I Shares (Incep. 7/28/2006) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THOIX8.29%-10.32%4.01%2.80%9.42%8.30%
Benchmark (Since 7/28/2006)
MSCI AC World Index13.80%-0.28%9.17%5.51%8.61%5.64%
I Shares (Incep. 7/28/2006) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THOIX13.29%-5.56%7.19%3.84%11.30%8.79%
Benchmark (Since 7/28/2006)
MSCI AC World Index16.23%5.74%11.62%6.16%10.15%5.89%
I Shares (Incep. 7/28/2006) MSCI AC World Index
2007 32.52% 11.66%
2008 -47.85% -42.20%
2009 46.66% 34.63%
2010 15.86% 12.66%
2011 -7.27% -7.34%
2012 22.19% 16.13%
2013 28.75% 22.80%
2014 18.91% 4.17%
2015 1.46% -2.37%
2016 4.03% 7.86%
2017 22.03% 23.97%
2018 -20.67% -9.42%

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) 0.97%
Actual Annualized Operating Expenses (fiscal year to date, as of 6/30/2019) 0.99%

Morningstar Rating™

Overall Morningstar Rating among 727 World Large Stock funds, based on risk-adjusted returns for class I shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 1 star, 2 stars and 3 stars among 727, 597 and 364 funds, as of 8/31/2019.

Dividends and Capital Gains — Class I Shares

Dividend (paid Dec 21, 2018) $0.65217
Capital Gains (2018) None Paid

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI AC World Index)

I Shares		 28400.74510000
MSCI AC World Index		 20517.00580000
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
Show More

Average Annual Total Returns

R3 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THORX†7.93%-10.79%3.48%2.27%8.87%7.76%
Benchmark (Since 7/28/2006)
MSCI AC World Index13.80%-0.28%9.17%5.51%8.61%5.64%
R3 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THORX†13.02%-6.02%6.64%3.30%10.74%8.25%
Benchmark (Since 7/28/2006)
MSCI AC World Index16.23%5.74%11.62%6.16%10.15%5.89%
R3 Shares* (Incep. 2/1/2008) MSCI AC World Index
2007† 31.91% 11.66%
2008† -48.05% -42.20%
2009 45.79% 34.63%
2010 15.29% 12.66%
2011 -7.78% -7.34%
2012 21.62% 16.13%
2013 28.07% 22.80%
2014 18.31% 4.17%
2015 0.95% -2.37%
2016 3.49% 7.86%
2017 21.37% 23.97%
2018 -21.07% -9.42%

* Since 7/28/2006.
† Prior to inception of this share class, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.
Returns for less than one year are not annualized.
Source: Confluence

Fund Operating Expenses — Class R3 Shares

Gross Annual Operating Expenses (as reported in the most recent Prospectus) 1.92%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 1.50%
Actual Annualized Operating Expenses (fiscal year to date, as of 6/30/2019) 1.50%

Morningstar Rating™

Overall Morningstar Rating among 727 World Large Stock funds, based on risk-adjusted returns for class R3 shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 1 star, 1 star and 3 stars among 727, 597 and 364 funds, as of 8/31/2019.

Dividends and Capital Gains — Class R3 Shares

Dividend (paid Dec 21, 2018) $0.45816
Capital Gains (2018) None Paid

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI AC World Index)

R3 Shares		 26595.38630000
MSCI AC World Index		 20517.00580000
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.

Prior to inception of this share class, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.

Additional Rating and Ranking Information
Show More

Average Annual Total Returns

R4 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THOVX†8.05%-10.68%3.59%2.36%8.97%7.86%
Benchmark (Since 7/28/2006)
MSCI AC World Index13.80%-0.28%9.17%5.51%8.61%5.64%
R4 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THOVX†13.10%-5.94%6.75%3.40%10.83%8.34%
Benchmark (Since 7/28/2006)
MSCI AC World Index16.23%5.74%11.62%6.16%10.15%5.89%
R4 Shares* (Incep. 2/1/2008) MSCI AC World Index
2007† 31.80% 11.66%
2008† -48.08% -42.20%
2009 46.17% 34.63%
2010 15.36% 12.66%
2011 -7.68% -7.34%
2012 21.65% 16.13%
2013 28.21% 22.80%
2014 18.46% 4.17%
2015 0.99% -2.37%
2016 3.61% 7.86%
2017 21.50% 23.97%
2018 -21.01% -9.42%

* Since 7/28/2006.
† Prior to inception of this share class, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.
Returns for less than one year are not annualized.
Source: Confluence

Fund Operating Expenses — Class R4 Shares

Gross Annual Operating Expenses (as reported in the most recent Prospectus) 1.61%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 1.40%
Actual Annualized Operating Expenses (fiscal year to date, as of 6/30/2019) 1.40%

Morningstar Rating™

Overall Morningstar Rating among 727 World Large Stock funds, based on risk-adjusted returns for class R4 shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 1 star, 2 stars and 3 stars among 727, 597 and 364 funds, as of 8/31/2019.

Dividends and Capital Gains — Class R4 Shares

Dividend (paid Dec 21, 2018) $0.49136
Capital Gains (2018) None Paid

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI AC World Index)

R4 Shares		 26915.75320000
MSCI AC World Index		 20517.00580000
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.

Prior to inception of this share class, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.

Additional Rating and Ranking Information
Show More

Average Annual Total Returns

R5 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THOFX†8.28%-10.33%4.00%2.78%9.41%8.32%
Benchmark (Since 7/28/2006)
MSCI AC World Index13.80%-0.28%9.17%5.51%8.61%5.64%
R5 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THOFX†13.32%-5.51%7.18%3.83%11.30%8.81%
Benchmark (Since 7/28/2006)
MSCI AC World Index16.23%5.74%11.62%6.16%10.15%5.89%
R5 Shares* (Incep. 2/1/2008) MSCI AC World Index
2007† 31.17% 11.66%
2008† -47.78% -42.20%
2009 46.74% 34.63%
2010 15.78% 12.66%
2011 -7.26% -7.34%
2012 22.17% 16.13%
2013 28.73% 22.80%
2014 18.93% 4.17%
2015 1.44% -2.37%
2016 4.06% 7.86%
2017 21.96% 23.97%
2018 -20.67% -9.42%

* Since 7/28/2006.
† Prior to inception of this share class, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.
Returns for less than one year are not annualized.
Source: Confluence

Fund Operating Expenses — Class R5 Shares

Gross Annual Operating Expenses (as reported in the most recent Prospectus) 1.16%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 0.99%
Actual Annualized Operating Expenses (fiscal year to date, as of 6/30/2019) 0.99%

Morningstar Rating™

Overall Morningstar Rating among 727 World Large Stock funds, based on risk-adjusted returns for class R5 shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 1 star, 2 stars and 3 stars among 727, 597 and 364 funds, as of 8/31/2019.

Dividends and Capital Gains — Class R5 Shares

Dividend (paid Dec 21, 2018) $0.65512
Capital Gains (2018) None Paid

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI AC World Index)

R5 Shares		 28468.25140000
MSCI AC World Index		 20517.00580000
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.

Prior to inception of this share class, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.

Additional Rating and Ranking Information
Show More

Average Annual Total Returns

R6 Shares (Incep. 4/10/2017) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THOGX†8.39%-10.19%4.12%2.91%9.49%8.34%
Benchmark (Since 7/28/2006)
MSCI AC World Index13.80%-0.28%9.17%5.51%8.61%5.64%
R6 Shares (Incep. 4/10/2017) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THOGX†13.38%-5.41%7.30%3.95%11.36%8.83%
Benchmark (Since 7/28/2006)
MSCI AC World Index16.23%5.74%11.62%6.16%10.15%5.89%
R6 Shares* (Incep. 4/10/2017) MSCI AC World Index
2007† 31.30% 11.66%
2008† -47.92% -42.20%
2009† 46.68% 34.63%
2010† 15.89% 12.66%
2011† -7.35% -7.34%
2012† 22.15% 16.13%
2013† 28.79% 22.80%
2014† 19.00% 4.17%
2015† 1.60% -2.37%
2016† 4.14% 7.86%
2017† 22.19% 23.97%
2018 -20.57% -9.42%

* Since 7/28/2006.
† Prior to inception of this share class, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.
Returns for less than one year are not annualized.
Source: Confluence

Fund Operating Expenses — Class R6 Shares

Gross Annual Operating Expenses (as reported in the most recent Prospectus) 0.98%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 0.85%
Actual Annualized Operating Expenses (fiscal year to date, as of 6/30/2019) 0.85%

Morningstar Rating™

Overall Morningstar Rating among 727 World Large Stock funds, based on risk-adjusted returns for class R6 shares, using a weighted average of the fund's three-, five- and ten-year ratings: respectively, 1 star, 2 stars and 3 stars among 727, 597 and 364 funds, as of 8/31/2019.

Dividends and Capital Gains — Class R6 Shares

Dividend (paid Dec 21, 2018) $0.70239
Capital Gains (2018) None Paid

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI AC World Index)

R6 Shares		 28534.76210000
MSCI AC World Index		 20517.00580000
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.

Prior to inception of this share class, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.

Additional Rating and Ranking Information
Show More
Important Information
Show More