Thornburg International Equity Fund (TGVAX)
The investment seeks long-term capital appreciation; current income is the secondary objective. The fund invests primarily in common stocks of non-U.S. companies and in depositary receipts associated with such stocks. The fund may invest in developing countries, but under normal conditions those investments are expected to comprise a smaller proportion of the fund than investments in developed countries.
Fund Info
US8852156574
885215657
May 28, 1998
$5,000
Expense Ratio
TGVAX has a high expense ratio of 1.25%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Thornburg International Equity Fund (TGVAX) returned 14.60% year-to-date (YTD) and 9.68% over the past 12 months. Over the past 10 years, TGVAX returned 0.27% annually, underperforming the S&P 500 benchmark at 10.69%.
TGVAX
14.60%
7.55%
5.01%
9.68%
9.09%
0.27%
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
Monthly Returns
The table below presents the monthly returns of TGVAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.68% | 2.33% | 2.54% | 2.84% | 1.45% | 14.60% | |||||||
| 2024 | 0.17% | 3.12% | 4.19% | -1.16% | 5.40% | -1.00% | 3.34% | 2.40% | 2.94% | -4.79% | -5.89% | -2.31% | 5.82% |
| 2023 | 8.95% | -4.54% | 3.81% | 1.92% | -3.34% | 4.25% | 3.61% | -3.45% | -4.38% | -2.18% | 7.27% | 3.57% | 15.29% |
| 2022 | -3.35% | -6.05% | -1.86% | -6.52% | 1.52% | -7.32% | 3.39% | -4.65% | -9.46% | 2.53% | 15.82% | -0.14% | -17.04% |
| 2021 | 0.72% | 2.77% | 0.63% | 2.61% | 4.64% | -2.98% | -2.50% | 1.33% | -2.94% | 3.48% | -14.62% | 3.43% | -4.92% |
| 2020 | -1.29% | -5.36% | -13.72% | 6.56% | 6.51% | 4.37% | 6.80% | 6.83% | -2.17% | -1.37% | 8.76% | 4.18% | 19.10% |
| 2019 | 8.91% | 3.76% | 2.25% | 5.70% | -6.41% | 5.49% | -0.86% | -1.73% | 1.06% | 3.19% | -3.93% | 3.50% | 21.78% |
| 2018 | 6.29% | -5.99% | -2.33% | 0.79% | -2.07% | -3.43% | 2.90% | -3.11% | -0.13% | -8.86% | 1.64% | -6.85% | -20.08% |
| 2017 | 1.91% | -0.04% | 4.90% | 3.17% | 3.78% | 1.67% | 3.03% | -1.96% | 2.76% | 1.12% | -13.56% | 1.45% | 7.06% |
| 2016 | -7.09% | -2.77% | 5.92% | 2.34% | -0.64% | -4.68% | 4.02% | 1.21% | 1.17% | -1.71% | -1.82% | 1.95% | -2.81% |
| 2015 | 2.09% | 5.51% | -0.24% | 6.83% | 1.01% | -2.78% | 1.93% | -6.61% | -3.92% | 5.57% | -15.84% | -1.15% | -9.45% |
| 2014 | -6.53% | 3.85% | -1.87% | -0.00% | 0.97% | 1.16% | -1.61% | 1.20% | -1.09% | 0.17% | -6.06% | -4.35% | -13.75% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TGVAX is 64, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Thornburg International Equity Fund (TGVAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Thornburg International Equity Fund provided a 1.46% dividend yield over the last twelve months, with an annual payout of $0.42 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.42 | $0.44 | $0.36 | $0.27 | $0.06 | $0.25 | $0.28 | $0.20 | $0.39 | $0.24 | $0.26 |
Dividend yield | 1.46% | 1.67% | 1.82% | 1.69% | 1.03% | 0.21% | 1.08% | 1.45% | 0.80% | 1.67% | 0.99% | 0.96% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2021 | $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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.20 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.39 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.24 |
| 2014 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.02 | $0.26 |
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.
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Worst Drawdowns
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 59.92%, occurring on Mar 9, 2009. The portfolio has not yet recovered.
The current Thornburg International Equity Fund drawdown is 8.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -59.92% | Nov 1, 2007 | 338 | Mar 9, 2009 | — | — | — |
| -34.74% | Jul 14, 2000 | 664 | Mar 12, 2003 | 184 | Dec 3, 2003 | 848 |
| -14.71% | May 10, 2006 | 24 | Jun 13, 2006 | 109 | Nov 16, 2006 | 133 |
| -11.38% | Apr 13, 2004 | 25 | May 17, 2004 | 97 | Oct 5, 2004 | 122 |
| -10.03% | Apr 11, 2000 | 5 | Apr 17, 2000 | 58 | Jul 12, 2000 | 63 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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