Thornburg Small/Mid Cap Core Fund (TVAFX)
The investment seeks long-term capital appreciation by investing in equity and debt securities of all types; current income is the secondary consideration. Under normal conditions, the fund invests at least 80% of its net assets in small- and mid-capitalization companies. The Advisor expects to invest primarily in domestic common stocks. However, the fund may own foreign common stocks which, in the opinion of the fund’s investment advisor, Thornburg Investment Management, Inc. (“Thornburg”), offer prospects for meeting the fund’s investment goals.
Fund Info
US8852157317
885215731
Oct 2, 1995
$5,000
Large-Cap
Blend
Expense Ratio
TVAFX has a high expense ratio of 1.31%, 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 Small/Mid Cap Core Fund (TVAFX) returned -5.84% year-to-date (YTD) and 4.34% over the past 12 months. Over the past 10 years, TVAFX returned 6.62% annually, underperforming the S&P 500 benchmark at 10.85%.
TVAFX
-5.84%
6.93%
-12.06%
4.34%
4.92%
8.45%
6.62%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of TVAFX, 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 | 1.92% | -6.05% | -7.54% | -0.54% | 6.93% | -5.84% | |||||||
| 2024 | -1.52% | 6.46% | 5.24% | -5.52% | 4.03% | -1.49% | 5.00% | 1.71% | 1.46% | -0.44% | 10.95% | -6.61% | 19.41% |
| 2023 | 7.86% | -3.57% | -3.44% | -0.15% | -3.96% | 9.03% | 2.78% | -0.98% | -3.61% | -5.31% | 7.76% | 7.64% | 13.14% |
| 2022 | -7.32% | 2.56% | 1.46% | -8.32% | 0.20% | -9.15% | 7.82% | -4.01% | -9.31% | 7.86% | 4.97% | -5.96% | -19.55% |
| 2021 | -1.98% | 7.74% | 0.85% | 5.31% | -1.52% | 0.65% | 0.18% | 2.57% | -2.02% | 3.75% | -6.50% | 4.49% | 13.45% |
| 2020 | -2.51% | -6.81% | -18.77% | 13.17% | 3.64% | 1.36% | 5.48% | 7.00% | -3.11% | 1.76% | 9.72% | 4.41% | 11.84% |
| 2019 | 9.39% | 2.09% | 2.01% | 3.93% | -8.55% | 6.80% | 1.89% | -1.87% | 2.29% | 1.95% | 3.14% | 3.51% | 28.72% |
| 2018 | 5.52% | -4.74% | -2.28% | 1.25% | 2.84% | 0.01% | 3.47% | 1.57% | -0.23% | -8.05% | 1.71% | -9.98% | -9.70% |
| 2017 | 2.25% | 3.78% | 1.57% | 2.88% | 1.85% | 1.33% | 1.70% | 0.67% | 1.13% | 1.61% | 2.22% | 0.20% | 23.33% |
| 2016 | -6.25% | -2.22% | 6.38% | 0.32% | 2.19% | -0.71% | 3.96% | 0.28% | 1.13% | -1.78% | 2.80% | 0.88% | 6.60% |
| 2015 | -1.86% | 6.00% | -0.54% | 2.22% | 1.81% | -0.69% | 1.32% | -5.21% | -4.51% | 5.98% | 0.69% | -1.20% | 3.41% |
| 2014 | -2.88% | 5.63% | -0.06% | 0.45% | 1.81% | 2.60% | -1.61% | 2.97% | -1.89% | 1.10% | 3.41% | -0.26% | 11.51% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TVAFX is 19, meaning it’s performing worse than 81% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Thornburg Small/Mid Cap Core Fund (TVAFX) 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 Small/Mid Cap Core Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.03 | $26.66 | $0.00 | $0.27 | $0.29 | $0.36 | $0.19 | $0.00 | $0.22 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.05% | 36.39% | 0.00% | 0.35% | 0.47% | 0.53% | 0.34% | 0.00% | 0.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Thornburg Small/Mid Cap Core 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 | $0.00 | $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 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $26.35 | $0.30 | $26.66 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $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 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2017 | $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 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.02 | $0.19 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.20 | $0.00 | $0.00 | $0.02 | $0.22 |
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 Small/Mid Cap Core 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 Small/Mid Cap Core Fund was 59.41%, occurring on Mar 9, 2009. Recovery took 1134 trading sessions.
The current Thornburg Small/Mid Cap Core Fund drawdown is 12.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -59.41% | Oct 15, 2007 | 351 | Mar 9, 2009 | 1134 | Sep 10, 2013 | 1485 |
| -43.89% | Jul 13, 2000 | 560 | Oct 9, 2002 | 778 | Nov 10, 2005 | 1338 |
| -37.18% | Jan 21, 2020 | 44 | Mar 23, 2020 | 150 | Oct 23, 2020 | 194 |
| -28.38% | Nov 26, 2024 | 90 | Apr 8, 2025 | — | — | — |
| -28.25% | Nov 9, 2021 | 221 | Sep 26, 2022 | 498 | Sep 19, 2024 | 719 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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