Global Opportunities Fund - Performance

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 charge6.75%73.68%11.96%11.33%10.46%10.21%
THOAX with sales charge1.93%65.88%10.25%10.31%9.96%9.87%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
A Shares (Incep. 7/28/2006) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THOAX without sales charge6.75%73.68%11.96%11.33%10.46%10.21%
THOAX with sales charge1.93%65.88%10.25%10.31%9.96%9.87%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
A Shares without sales charge
(Incep. 7/28/2006)
MSCI ACWI NTR
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%
2019 28.38% 26.60%
2020 22.32% 16.25%

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) 1.32%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 1.28%

Morningstar Rating

Overall Morningstar Rating among 760 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, 2 stars, 2 stars and 3 stars among 760, 631 and 385 funds, as of 12/31/2020.

Dividends and Capital Gains — Class A Shares

Dividend (paid Dec 17, 2020) $0.00001
Capital Gains for 2020 paid Nov 19, 2020  
     Short-Term (per share) $0.68813
     Long-Term (per share) $1.61516
     Total (per share) $2.30329

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI ACWI NTR)

A Shares with sales charge
39775.50880000
MSCI ACWI NTR
27746.76010000
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. 7/28/2006) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THOCX with sales charge5.56%71.43%11.13%10.51%9.63%9.37%
THOCX without sales charge6.56%72.43%11.13%10.51%9.63%9.37%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
C Shares (Incep. 7/28/2006) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THOCX with sales charge5.56%71.43%11.13%10.51%9.63%9.37%
THOCX without sales charge6.56%72.43%11.13%10.51%9.63%9.37%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
C Shares without sales charge
(Incep. 7/28/2006)
MSCI ACWI NTR
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%
2019 27.42% 26.60%
2020 21.45% 16.25%

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) 2.06%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 2.08%

Morningstar Rating

Overall Morningstar Rating among 760 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, 2 stars, 2 stars and 3 stars among 760, 631 and 385 funds, as of 12/31/2020.

Dividends and Capital Gains — Class C Shares

Dividend (December 2020) None Paid
Capital Gains for 2020 paid Nov 19, 2020  
     Short-Term (per share) $0.68813
     Long-Term (per share) $1.61516
     Total (per share) $2.30329

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI ACWI NTR)

C Shares
37212.44160000
MSCI ACWI NTR
27746.76010000
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. 7/28/2006) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THOIX6.82%74.18%12.29%11.68%10.87%10.67%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
I Shares (Incep. 7/28/2006) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
THOIX6.82%74.18%12.29%11.68%10.87%10.67%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
I Shares (Incep. 7/28/2006) MSCI ACWI NTR
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%
2019 28.76% 26.60%
2020 22.66% 16.25%

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) 1.08%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 0.99%

Morningstar Rating

Overall Morningstar Rating among 760 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, 2 stars, 2 stars and 3 stars among 760, 631 and 385 funds, as of 12/31/2020.

Dividends and Capital Gains — Class I Shares

Dividend (paid Dec 17, 2020) $0.08510
Capital Gains for 2020 paid Nov 19, 2020  
     Short-Term (per share) $0.68813
     Long-Term (per share) $1.61516
     Total (per share) $2.30329

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI ACWI NTR)

I Shares
44248.78440000
MSCI ACWI NTR
27746.76010000
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

R3 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THORX6.71%73.34%11.73%11.12%10.31%10.11%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
R3 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THORX6.71%73.34%11.73%11.12%10.31%10.11%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
R3 Shares* (Incep. 2/1/2008) MSCI ACWI NTR
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%
2019 28.11% 26.60%
2020 22.05% 16.25%

* 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) 2.00%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 1.50%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 1.50%

Morningstar Rating

Overall Morningstar Rating among 760 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, 2 stars, 2 stars and 3 stars among 760, 631 and 385 funds, as of 12/31/2020.

Dividends and Capital Gains — Class R3 Shares

Dividend (December 2020) None Paid
Capital Gains for 2020 paid Nov 19, 2020  
     Short-Term (per share) $0.68813
     Long-Term (per share) $1.61516
     Total (per share) $2.30329

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI ACWI NTR)

R3 Shares
41118.83710000
MSCI ACWI NTR
27746.76010000
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

Average Annual Total Returns

R4 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THOVX6.71%73.48%11.84%11.22%10.42%10.21%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
R4 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THOVX6.71%73.48%11.84%11.22%10.42%10.21%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
R4 Shares* (Incep. 2/1/2008) MSCI ACWI NTR
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%
2019 28.27% 26.60%
2020 22.18% 16.25%

* 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) 1.62%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 1.40%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 1.40%

Morningstar Rating

Overall Morningstar Rating among 760 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, 2 stars, 2 stars and 3 stars among 760, 631 and 385 funds, as of 12/31/2020.

Dividends and Capital Gains — Class R4 Shares

Dividend (December 2020) None Paid
Capital Gains for 2020 paid Nov 19, 2020  
     Short-Term (per share) $0.68813
     Long-Term (per share) $1.61516
     Total (per share) $2.30329

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI ACWI NTR)

R4 Shares
41660.70360000
MSCI ACWI NTR
27746.76010000
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

Average Annual Total Returns

R5 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THOFX6.81%74.21%12.29%11.67%10.87%10.69%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
R5 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THOFX6.81%74.21%12.29%11.67%10.87%10.69%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
R5 Shares* (Incep. 2/1/2008) MSCI ACWI NTR
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%
2019 28.78% 26.60%
2020 22.68% 16.25%

* 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) 1.28%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 0.99%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 0.99%

Morningstar Rating

Overall Morningstar Rating among 760 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, 2 stars, 2 stars and 3 stars among 760, 631 and 385 funds, as of 12/31/2020.

Dividends and Capital Gains — Class R5 Shares

Dividend (paid Dec 17, 2020) $0.08565
Capital Gains for 2020 paid Nov 19, 2020  
     Short-Term (per share) $0.68813
     Long-Term (per share) $1.61516
     Total (per share) $2.30329

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI ACWI NTR)

R5 Shares
44362.83990000
MSCI ACWI NTR
27746.76010000
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

Average Annual Total Returns

R6 Shares (Incep. 4/10/2017) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THOGX6.86%74.40%12.44%11.81%10.96%10.72%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
R6 Shares (Incep. 4/10/2017) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THOGX6.86%74.40%12.44%11.81%10.96%10.72%
Benchmark (Since 7/28/2006)
MSCI ACWI NTR4.57%54.60%12.07%13.21%9.14%7.20%
R6 Shares* (Incep. 4/10/2017) MSCI ACWI NTR
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%
2019 28.94% 26.60%
2020 22.83% 16.25%

* 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) 1.03%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 0.85%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 0.85%

Morningstar Rating

Overall Morningstar Rating among 760 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, 2 stars, 2 stars and 4 stars among 760, 631 and 385 funds, as of 12/31/2020.

Dividends and Capital Gains — Class R6 Shares

Dividend (paid Dec 17, 2020) $0.13293
Capital Gains for 2020 paid Nov 19, 2020  
     Short-Term (per share) $0.68813
     Long-Term (per share) $1.61516
     Total (per share) $2.30329

Hypothetical Growth of $10,000 as of (Thornburg Global Opportunities Fund vs. MSCI ACWI NTR)

R6 Shares
44552.96740000
MSCI ACWI NTR
27746.76010000
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
Important Information