International Growth Fund - Performance

Share Class

Average Annual Total Returns

A Shares (Incep. 2/1/2007) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
TIGAX without sales charge-3.33%51.86%9.92%12.29%9.56%8.43%
TIGAX with sales charge-7.68%45.02%8.24%11.26%9.05%8.08%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
A Shares (Incep. 2/1/2007) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
TIGAX without sales charge-3.33%51.86%9.92%12.29%9.56%8.43%
TIGAX with sales charge-7.68%45.02%8.24%11.26%9.05%8.08%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
A Shares without sales charge
(Incep. 2/1/2007)
MSCI ACWI ex US Growth NTR
2008 -50.32% -45.61%
2009 44.81% 38.67%
2010 27.26% 14.45%
2011 -2.97% -14.20%
2012 21.87% 16.66%
2013 36.41% 15.49%
2014 -12.46% -2.65%
2015 6.33% -1.26%
2016 -5.05% 0.12%
2017 34.33% 32.01%
2018 -17.01% -14.43%
2019 25.90% 27.34%
2020 33.94% 22.20%

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) 1.31%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 1.26%

Morningstar Rating

Overall Morningstar Rating among 384 Foreign Large Growth 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, 4 stars, 3 stars and 5 stars among 384, 313 and 226 funds, as of 12/31/2020.

Dividends and Capital Gains — Class A Shares

Dividend (December 2020) None Paid
Capital Gains for 2020 paid Nov 19, 2020  
     Short-Term (per share) $0.30139
     Long-Term (per share) $0.07582
     Total (per share) $0.37721

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

A Shares with sales charge
30049.07920000
MSCI ACWI ex US Growth NTR
20051.42590000
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. 2/1/2007) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
TIGCX with sales charge-4.46%49.69%9.07%11.44%8.72%7.65%
TIGCX without sales charge-3.50%50.69%9.07%11.44%8.72%7.65%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
C Shares (Incep. 2/1/2007) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
TIGCX with sales charge-4.46%49.69%9.07%11.44%8.72%7.65%
TIGCX without sales charge-3.50%50.69%9.07%11.44%8.72%7.65%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
C Shares without sales charge
(Incep. 2/1/2007)
MSCI ACWI ex US Growth NTR
2008 -50.68% -45.61%
2009 44.49% 38.67%
2010 26.29% 14.45%
2011 -3.71% -14.20%
2012 20.86% 16.66%
2013 35.42% 15.49%
2014 -13.12% -2.65%
2015 5.54% -1.26%
2016 -5.79% 0.12%
2017 33.37% 32.01%
2018 -17.67% -14.43%
2019 24.96% 27.34%
2020 32.88% 22.20%

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) 2.07%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 2.07%

Morningstar Rating

Overall Morningstar Rating among 384 Foreign Large Growth 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, 3 stars, 3 stars and 4 stars among 384, 313 and 226 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) $0.30139
     Long-Term (per share) $0.07582
     Total (per share) $0.37721

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

C Shares
28415.26030000
MSCI ACWI ex US Growth NTR
20051.42590000
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. 2/1/2007) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
TINGX-3.26%52.34%10.26%12.68%9.99%8.93%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
I Shares (Incep. 2/1/2007) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION
TINGX-3.26%52.34%10.26%12.68%9.99%8.93%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
I Shares (Incep. 2/1/2007) MSCI ACWI ex US Growth NTR
2008 -50.04% -45.61%
2009 45.75% 38.67%
2010 28.10% 14.45%
2011 -2.51% -14.20%
2012 22.45% 16.66%
2013 36.94% 15.49%
2014 -12.15% -2.65%
2015 6.84% -1.26%
2016 -4.70% 0.12%
2017 34.93% 32.01%
2018 -16.74% -14.43%
2019 26.32% 27.34%
2020 34.33% 22.20%

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) 1.02%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 0.98%

Morningstar Rating

Overall Morningstar Rating among 384 Foreign Large Growth 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, 4 stars, 3 stars and 5 stars among 384, 313 and 226 funds, as of 12/31/2020.

Dividends and Capital Gains — Class I Shares

Dividend (December 2020) None Paid
Capital Gains for 2020 paid Nov 19, 2020  
     Short-Term (per share) $0.30139
     Long-Term (per share) $0.07582
     Total (per share) $0.37721

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

I Shares
33579.80900000
MSCI ACWI ex US Growth NTR
20051.42590000
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*
TIGVX-3.38%51.53%9.70%12.11%9.43%8.37%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
R3 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
TIGVX-3.38%51.53%9.70%12.11%9.43%8.37%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
R3 Shares* (Incep. 2/1/2008) MSCI ACWI ex US Growth NTR
2008 -50.23% -45.61%
2009 44.98% 38.67%
2010 27.46% 14.45%
2011 -3.05% -14.20%
2012 21.88% 16.66%
2013 36.21% 15.49%
2014 -12.56% -2.65%
2015 6.25% -1.26%
2016 -5.16% 0.12%
2017 34.22% 32.01%
2018 -17.18% -14.43%
2019 25.66% 27.34%
2020 33.64% 22.20%

* Since 2/1/2007.
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) 2.03%
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 384 Foreign Large Growth 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, 3 stars, 3 stars and 4 stars among 384, 313 and 226 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) $0.30139
     Long-Term (per share) $0.07582
     Total (per share) $0.37721

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

R3 Shares
31228.72380000
MSCI ACWI ex US Growth NTR
20051.42590000
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*
TINVX-3.32%51.75%9.81%12.22%9.56%8.49%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
R4 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
TINVX-3.32%51.75%9.81%12.22%9.56%8.49%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
R4 Shares* (Incep. 2/1/2008) MSCI ACWI ex US Growth NTR
2008 -50.23% -45.61%
2009 45.10% 38.67%
2010 27.53% 14.45%
2011 -2.77% -14.20%
2012 21.94% 16.66%
2013 36.40% 15.49%
2014 -12.53% -2.65%
2015 6.42% -1.26%
2016 -5.12% 0.12%
2017 34.40% 32.01%
2018 -17.08% -14.43%
2019 25.81% 27.34%
2020 33.76% 22.20%

* Since 2/1/2007.
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) 1.45%
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 384 Foreign Large Growth 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, 3 stars, 3 stars and 5 stars among 384, 313 and 226 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) $0.30139
     Long-Term (per share) $0.07582
     Total (per share) $0.37721

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

R4 Shares
31685.03690000
MSCI ACWI ex US Growth NTR
20051.42590000
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*
TINFX-3.25%52.33%10.26%12.68%9.99%8.93%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
R5 Shares (Incep. 2/1/2008) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
TINFX-3.25%52.33%10.26%12.68%9.99%8.93%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
R5 Shares* (Incep. 2/1/2008) MSCI ACWI ex US Growth NTR
2008 -49.99% -45.61%
2009 45.63% 38.67%
2010 28.13% 14.45%
2011 -2.51% -14.20%
2012 22.48% 16.66%
2013 36.91% 15.49%
2014 -12.14% -2.65%
2015 6.82% -1.26%
2016 -4.68% 0.12%
2017 34.92% 32.01%
2018 -16.74% -14.43%
2019 26.28% 27.34%
2020 34.32% 22.20%

* Since 2/1/2007.
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) 1.31%
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 384 Foreign Large Growth 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, 4 stars, 3 stars and 5 stars among 384, 313 and 226 funds, as of 12/31/2020.

Dividends and Capital Gains — Class R5 Shares

Dividend (December 2020) None Paid
Capital Gains for 2020 paid Nov 19, 2020  
     Short-Term (per share) $0.30139
     Long-Term (per share) $0.07582
     Total (per share) $0.37721

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

R5 Shares
33553.02380000
MSCI ACWI ex US Growth NTR
20051.42590000
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. 2/1/2013) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THGIX-3.21%52.50%10.36%12.80%10.08%8.96%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
R6 Shares (Incep. 2/1/2013) YTD 1-YR 3-YR 5-YR 10-YR INCEPTION*
THGIX-3.21%52.50%10.36%12.80%10.08%8.96%
Benchmark (Since 2/1/2007)
MSCI ACWI ex US Growth NTR-0.08%49.36%10.31%12.03%6.69%5.04%
R6 Shares* (Incep. 2/1/2013) MSCI ACWI ex US Growth NTR
2008 -50.06% -45.61%
2009 45.55% 38.67%
2010 27.92% 14.45%
2011 -2.47% -14.20%
2012 22.50% 16.66%
2013 37.01% 15.49%
2014 -12.05% -2.65%
2015 6.91% -1.26%
2016 -4.59% 0.12%
2017 35.04% 32.01%
2018 -16.64% -14.43%
2019 26.40% 27.34%
2020 34.45% 22.20%

* Since 2/1/2007.
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) 0.99%
Net Annual Operating Expenses (as reported in the most recent Prospectus) 0.89%
Actual Annualized Operating Expenses (fiscal year to date, as of 2/28/2021) 0.89%

Morningstar Rating

Overall Morningstar Rating among 384 Foreign Large Growth 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, 4 stars, 3 stars and 5 stars among 384, 313 and 226 funds, as of 12/31/2020.

Dividends and Capital Gains — Class R6 Shares

Dividend (December 2020) None Paid
Capital Gains for 2020 paid Nov 19, 2020  
     Short-Term (per share) $0.30139
     Long-Term (per share) $0.07582
     Total (per share) $0.37721

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

R6 Shares
33699.67620000
MSCI ACWI ex US Growth NTR
20051.42590000
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