Thornburg Better World International Fund (TBWIX)
The fund invests primarily in a broad range of foreign equity securities or depositary receipts of foreign equity securities. When considering investments for the fund, the fund's investment advisor combines fundamental research on issuers with analysis of those environmental, social and governance ("ESG") characteristics that the advisor identifies as significant. It may invest in any stock or other equity security which Thornburg believes may assist the fund in pursuing its goal, including common stocks, preferred stocks and publicly traded real estate investment trusts.
Fund Info
| ISIN | US8852166979 |
|---|---|
| CUSIP | 885216697 |
| Issuer | Thornburg |
| Inception Date | Sep 30, 2015 |
| Category | Foreign Large Cap Equities |
| Min. Investment | $2,500,000 |
| Asset Class | Equity |
Expense Ratio
TBWIX has a high expense ratio of 1.21%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: TBWIX vs. PISIX, TBWIX vs. PWJZX, TBWIX vs. BUFIX, TBWIX vs. GSINX, TBWIX vs. HAWX, TBWIX vs. FIVFX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Thornburg Better World International Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Thornburg Better World International Fund had a return of 12.24% year-to-date (YTD) and 14.54% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.24% | 18.10% |
| 1 month | 0.57% | 1.42% |
| 6 months | 7.19% | 9.39% |
| 1 year | 14.54% | 26.58% |
| 5 years (annualized) | 11.77% | 13.42% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of TBWIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.86% | 3.65% | 1.96% | -2.36% | 4.33% | -0.11% | 3.83% | 3.01% | 12.24% | ||||
| 2023 | 9.18% | -4.56% | 3.43% | 1.83% | -1.86% | 4.03% | 2.85% | -3.65% | -4.42% | -3.55% | 6.23% | 3.67% | 12.72% |
| 2022 | -2.75% | -4.53% | -0.61% | -8.26% | 0.06% | -6.30% | 4.44% | -4.69% | -8.60% | 2.15% | 12.65% | -1.35% | -18.02% |
| 2021 | -0.60% | 6.93% | 2.68% | 3.61% | 1.94% | 7.31% | -1.86% | 3.33% | -3.92% | 2.91% | -3.84% | 1.36% | 20.88% |
| 2020 | -2.07% | -6.13% | -12.46% | 9.09% | 6.53% | 5.98% | 6.34% | 6.35% | -1.11% | -1.93% | 11.30% | 4.70% | 26.67% |
| 2019 | 5.35% | 3.23% | 1.25% | 4.63% | -6.49% | 6.63% | -1.85% | -2.34% | 1.54% | 4.18% | 2.77% | 4.18% | 24.71% |
| 2018 | 4.08% | -4.82% | -0.47% | 1.42% | -0.94% | -0.20% | 1.89% | -2.39% | 0.82% | -9.37% | 1.28% | -5.06% | -13.61% |
| 2017 | 1.51% | -0.55% | 4.38% | 1.20% | 3.50% | 0.77% | 2.73% | 0.35% | 0.09% | 2.58% | 1.74% | 2.61% | 22.88% |
| 2016 | -4.66% | -0.25% | 5.66% | 1.12% | -0.79% | -1.11% | 5.56% | 1.68% | 5.28% | -1.29% | -3.76% | 0.48% | 7.52% |
| 2015 | 3.94% | 0.89% | -0.56% | 4.27% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TBWIX is 27, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Thornburg Better World International Fund (TBWIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Thornburg Better World International Fund granted a 1.38% dividend yield in the last twelve months. The annual payout for that period amounted to $0.27 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.27 | $0.14 | $2.91 | $0.07 | $0.19 | $1.19 | $0.53 | $0.76 |
Dividend yield | 1.38% | 1.55% | 0.87% | 15.10% | 0.40% | 1.29% | 10.14% | 3.53% | 5.99% |
Monthly Dividends
The table displays the monthly dividend distributions for Thornburg Better World International Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.86 | $0.05 | $2.91 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $0.23 | $1.19 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.03 | $0.00 | $0.37 | $0.00 | $0.53 |
| 2016 | $0.06 | $0.00 | $0.69 | $0.00 | $0.76 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Thornburg Better World International Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Thornburg Better World International Fund was 32.65%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current Thornburg Better World International Fund drawdown is 1.72%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.65% | Sep 7, 2021 | 280 | Oct 14, 2022 | — | — | — |
| -29.37% | Jan 21, 2020 | 44 | Mar 23, 2020 | 72 | Jul 6, 2020 | 116 |
| -20.54% | Jan 29, 2018 | 229 | Dec 24, 2018 | 245 | Dec 13, 2019 | 474 |
| -10.54% | Dec 2, 2015 | 49 | Feb 11, 2016 | 46 | Apr 19, 2016 | 95 |
| -6.75% | Apr 20, 2016 | 48 | Jun 27, 2016 | 12 | Jul 14, 2016 | 60 |
Volatility
Volatility Chart
The current Thornburg Better World International Fund volatility is 2.83%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.