SECTOR ALLOCATION as of 31/10/2017

  • Consumer Discretionary20.9%
  • Industrials20.2%
  • Financials10.7%
  • Consumer Staples10.2%
  • Real Estate9.8%
  • Energy9.3%
  • Information Technology7.6%
  • Telecommunication Services4.5%
  • Materials4.1%
  • Health Care2.0%
  • Utilities0.6%

Ten Largest Holdings as of 30/09/2017

% OF PORTFOLIO
Teekay LNG Partners LP5.8%
AENA S.A.5.3%
Adient plc4.3%
Bellway plc4.2%
Colony NorthStar, Inc.3.9%
MGM China Holdings Ltd.3.5%
easyJet plc3.4%
Wynn Macau Ltd.3.3%
Kraft Heinz Co.3.2%
Atlantia S.p.A.3.1%
Portfolio holdings are subject to change.

KEY PORTFOLIO ATTRIBUTES as of 31/10/2017

Assets$4.20 M
Dividend Yield3.0%
Portfolio P/E Forward 12 Months*15.1x
Portfolio Price to Cash Flow*10.8x
Portfolio Price to Book*1.7x
Median Market Capitalization*$14.6 B
Number of Holdings54
7-Year Beta* (A shares vs. MSCI World Index)0.90
* Source: FactSet
Due to the limited amount of time since the UCITS Fund inception, beta shown is from the Global Equity Income Composite. This information is considered relevant because the UCITS Fund is structured from the Global Equity Income Strategy guidelines. However, since the data represents a United States based product governed by different laws, rules, regulations and fees, the information may not reflect the impact that materiel economic and market factors might have had on the adviser’s decision making, nor can there be any assurance that the UCITS Fund would have achieved similar rates of return over the same time frame. In addition, since the time period is a historical one, there can be no assurance that future results will in any way resemble those represented by the Composite data. Returns fluctuate and current performance may either be lower or higher than data shown.

REGIONAL DIVERSIFICATION as of 31/10/2017

  • Asia Pacific ex Japan31.4%
  • North America29.7%
  • Europe ex UK27.0%
  • UK9.8%
  • Other2.2%
Classified by country of risk, determined at Thornburg’s discretion. The percentages may not add up to 100 due to rounding.

CAPITALIZATION EXPOSURE as of 31/10/2017

  • Large Cap (> $12 B)48.5%
  • Mid Cap ($2.5 to $12 B)31.8%
  • Small Cap (< $2.5 B)19.6%
The percentages may not add up to 100 due to rounding.
Important Information

The Fund is offered solely to non-U.S. investors under the terms and conditions of the Fund’s current Prospectus. A copy of the full Prospectus and KIID for the Fund may be obtained by contacting the local Paying Agent through the Fund’s Transfer Agent, Brown Brothers Harriman Fund Administrator Services (Ireland) Limited or in the forms and literature section of this website. The Prospectus and KIID contain important information about the Fund and should be read carefully before investing.

Investments carry risks, including possible loss of principal. Additional risks may be associated with investments in emerging markets, including currency fluctuations, illiquidity, volatility, and political and economic risks. Investments in small- and mid-capitalization companies may increase the risk of greater price fluctuations. Investments in the Fund are not insured, nor are they bank deposits or guaranteed by a bank or any other entity.

This material constitutes a financial promotion for the purposes of the Financial Services and Markets Act 2000 (the “Act”) and the handbook of rules and guidance issued from time to time by the FCA (the "FCA Rules"). This material is for information purposes only and does not constitute an offer to subscribe for or purchase any financial instrument. Thornburg Investment Management Ltd. ("TIM Ltd.") neither provides investment advice to, nor receives and transmits orders from, persons to whom this material is communicated nor does it carry on any other activities with or for such persons that constitute "MiFID or equivalent third country business" for the purposes of the FCA Rules. All information provided is not warranted as to completeness or accuracy and is subject to change without notice.

The Fund is a sub-fund of Thornburg Global Investment plc, an open-ended umbrella type investment company with segregated liability between sub-funds, authorised by the Central Bank of Ireland (CBI) on 25 November 2011 as an investment company pursuant to the UCITS Regulations. Authorisation of the Company by the CBI is not an endorsement or guarantee of the Company by the CBI nor is the CBI responsible for the contents of the Prospectus or KIID.

Administrator: Brown Brothers Harriman Fund Administration Services (Ireland) Limited, Ireland, BBH.Dublin.TA@bbh.com +353.1.603.6490

Please see our glossary for a definition of terms.