SECTOR ALLOCATION as of 31/10/2017

  • Consumer Discretionary14.6%
  • Financials14.6%
  • Information Technology13.1%
  • Industrials12.3%
  • Consumer Staples11.7%
  • Utilities8.3%
  • Health Care7.6%
  • Telecommunication Services6.9%
  • Energy5.6%
  • Materials5.4%

Ten Largest Holdings as of 30/09/2017

% OF PORTFOLIO
SAP S.E.3.2%
Infineon Technologies AG3.0%
Commerzbank AG3.0%
Credit Suisse Group AG3.0%
UniCredit S.p.A.3.0%
Ctrip.com International Ltd. - ADR2.9%
China Petroleum & Chemical Corporation2.7%
Reckitt Benckiser Group plc2.7%
China Mobile Ltd.2.7%
Yum China Holdings, Inc.2.5%
Portfolio holdings are subject to change.

KEY PORTFOLIO ATTRIBUTES as of 31/10/2017

Assets$12.40 M
Dividend Yield2.1%
Portfolio P/E Forward 12 Months*18.9x
Portfolio Price to Cash Flow*7.4x
Portfolio Price to Book*1.6x
Median Market Capitalization*$30.9 B
Number of Holdings53
7-Year Beta* (A shares vs. MSCI EAFE Index)0.90
7-Year Beta* (A shares vs. MSCI AC World ex-U.S. Index)0.90
* Source: FactSet
Due to the limited amount of time since the Fund inception, the Thornburg International Value Fund, U.S. Mutual Fund, beta is shown. This information is considered relevant because the UCITS Fund is structured similarly to the U.S. Mutual Fund. There can be no assurance that the UCITS Fund would have achieved similar rates of returns over the same time frame.

REGIONAL DIVERSIFICATION as of 31/10/2017

  • Europe ex UK41.1%
  • Asia Pacific ex Japan31.7%
  • UK12.1%
  • North America8.5%
  • Japan4.9%
  • Latin America1.0%
  • Other0.6%
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)86.7%
  • Mid Cap ($2.5 to $12 B)13.3%
  • Small Cap (< $2.5 B)0.0%
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.