Thornburg International Growth Fund

Top Ten Countries as of

  1. China
    15.2%
  2. United States
    14.2%
  3. United Kingdom
    11.2%
  4. France
    9.6%
  5. Germany
    9.4%
  6. Japan
    7.6%
  7. Hong Kong
    4.4%
  8. Ireland
    4.1%
  9. Australia
    4.0%
  10. Netherlands
    3.4%
Holdings are classified by country of risk as determined by MSCI and Bloomberg.

Sector Allocation as of

Consumer Discretionary
21.7%
Communication Services
16.6%
Information Technology
16.5%
Health Care
12.1%
Consumer Staples
11.4%
Industrials
5.2%
Financials
5.0%
Energy
2.2%
Cash & Cash Equivalents
9.3%

Top Ten Industry Groups as of

Media & Entertainment
16.6%
Software & Services
15.1%
Retailing
12.0%
Food, Beverage & Tobacco
9.4%
Pharma, Biotech & Life Sciences
7.9%
Consumer Services
7.6%
Health Care Equipment & Services
4.2%
Diversified Financials
3.9%
Commercial & Professional Services
3.8%
Energy
2.2%

Top Ten Positions as of

% OF PORTFOLIO
Alibaba Group Holding Ltd. 4.0%
Tencent Holdings Ltd. 3.9%
AstraZeneca plc 3.4%
Worldpay, Inc. 2.8%
Danone S.A. 2.6%
Fomento Economico Mexicano S.A.B. de C.V. 2.5%
Galaxy Entertainment Group Ltd. 2.5%
Royal Dutch Shell plc 2.4%
Lonza Group AG 2.4%
Visa, Inc. 2.4%
Portfolio holdings are subject to change.

Key Portfolio Attributes as of

Fund Assets $1.5 B
Portfolio P/E Forecast 12 Months* 25.4x
Portfolio P/E Trailing 12 Months* 27.8x
Portfolio Price to Cash Flow* 16.1x
Portfolio Price to Book* 4.3x
Median Market Capitalization* $20.0 B
Number of Holdings 49
7-Year Beta* (A Shares vs. MSCI AC World ex-U.S. Growth Index) 1.00
Emerging Markets Exposure 27.4%
Active Share* (vs. MSCI AC World ex-U.S. Growth Index) 89.9%
* Source: FactSet

Portfolio Composition as of

Growth Industry Leaders
31.8%
Consistent Growth
32.5%
Emerging Growth
26.5%
Cash & Cash Equivalents
9.3%
The percentages may not add up to 100 due to rounding.

Capitalization Exposure as of

Large Cap (> $12 B)
72.6%
Mid Cap ($2.5 to $12 B)
23.8%
Small Cap (< $2.5 B)
3.6%
The percentages may not add up to 100 due to rounding.
Important Information