Thornburg International Equity Fund (TGVAX)

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Thornburg International Equity Fund (TGVAX) is up 10.7% since the beginning of the year. TGVAX is currently trading at $36 per share. Investors who bought $1,000 worth of TGVAX shares 5 years ago would now be looking at an investment worth $1,568.

Thornburg International Equity Fund (TGVAX) has returned 10.66% so far this year and 25.32% over the past 12 months. Over the last ten years, TGVAX has returned 10.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 4, 1999, TGVAX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.

Historically, 61% of months were positive and 39% were negative. The best month was Dec 1999 with a return of +18.5%, while the worst month was Oct 2008 at -18.8%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, TGVAX closed higher 53% of trading days. The best single day was Nov 18, 2021 with a return of +12.8%, while the worst single day was Nov 19, 2021 at -11.8%.

Thornburg International Equity Fund has an annualized alpha of 4.69%, beta of 0.63, and R2 of 0.53 versus S&P 500 Index. Calculated based on daily prices since January 04, 1999.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (91.59%) than losses (82.81%) - typical of diversified or defensive assets.
• This fund generated an annualized alpha of 4.69% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• Beta of 0.63 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

TGVAX has a high expense ratio of 1.25%, indicating above-average management fees.

TGVAX ranks 47 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Thornburg International Equity Fund provided a 3.20% dividend yield over the last twelve months, with an annual payout of $1.14 per share.

The table displays the monthly dividend distributions for Thornburg International Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Thornburg International Equity 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 International Equity Fund was 56.44%, occurring on Mar 9, 2009. Recovery took 1532 trading sessions.

The current Thornburg International Equity Fund drawdown is 1.35%.

The chart below shows the rolling one-month volatility.