|I Shares (THLSX)||15.83%||14.82%||6.69%||9.88%||7.47%|
|S&P 500 Index||16.91%||23.63%||10.77%||15.18%||8.95%|
|I Shares (THLSX)||11.52%||12.58%||5.81%||8.93%||7.12%|
|S&P 500 Index||14.24%||18.61%||10.81%||14.22%||8.78%|
Returns for less than one year are not annualized.
*Inception date for Class I Shares 12/30/2016. Inception date of the predecessor fund is 2/1/2008.
Performance prior to 12/30/2016 is from the predecessor fund, which was managed in a materially equivalent manner to the Thornburg Long/Short Equity Fund. The predecessor fund was not a registered mutual fund and was not subject to the same investment restrictions as the Long/Short Equity Fund. If the predecessor fund had been registered under the 1940 Act, the performance may have been different.
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate so shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than quoted.
The maximum sales charge for the Fund’s A shares is 4.50%.
C shares include a 1% contingent deferred sales charge (CDSC) for the first year only.
There is no up-front sales charge for class I shares.
There is no up-front sales charge for class R shares.
|Gross Annual Operating Expenses (as reported in the most recent Prospectus)||3.01%|
|Net Annual Operating Expenses (as reported in the most recent Prospectus)||2.74%|
|Actual Annual Operating Expenses (fiscal year to date, as of 9/30/2017)||1.50%|
Thornburg Investment Management and/or Thornburg Securities Corporation have contractually agreed to waive fees and reimburse expenses through at least February 1, 2018, so that actual expenses do not exceed the net expense ratio above.
Expense Ratios – Expressed as a percentage of total fund assets and include management fees and operating costs. Expense ratios fluctuate over time and the expense ratio in the prospectus may differ from the actual expense ratio. The fund's total return includes the deduction of expenses.
For more detailed information on fund expenses, please see the fund's prospectus.
|Beta vs. S&P 500 Index||-0.51||0.35||0.32||0.54|
|Correlation to S&P 500 Index||-0.31||0.48||0.49||0.80|
|Upcapture vs. S&P 500 Index||64.96%||56.01%||53.98%||60.89%|
|Downcapture vs. S&P 500 Index||—||47.72%||29.41%||49.40%|
|Fund Standard Deviation (Annualized)||6.58%||7.12%||6.21%||10.10%|
|Fund Sharpe Ratio||2.15||0.89||1.56||0.71|
|S&P 500 Index Standard Deviation (Annualized)||4.00%||9.92%||9.39%||15.03%|
|S&P 500 Index Sharpe Ratio||5.73||1.05||1.60||0.58|
|Dividend (September 2017)||None Paid|
|Capital Gains for 2017 paid Nov 17, 2017|
|Short-Term (per share)||$0.12806|
|Long-Term (per share)||$0.21490|
|Total (per share)||$0.34296|