Thornburg International Equity Fund Class A
TGVAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 2300 North Ridgetop Road Santa Fe NM United States of America 87506-8361
- IPO Date
- May 28, 1998
- CIK
- 0000816153
- Website
- thornburg.com
- Similar Companies
- Business
- Thornburg International Equity Fund Class A (TGVAX) is an open-end mutual fund managed by Thornburg Investment Management, Inc., a privately owned global investment firm that seeks long-term capital appreciation for investors through a diversified portfolio of primarily common stocks and depositary receipts of non-U.S. companies, including those in developed and emerging markets; under normal conditions, the fund invests at least 80% of its net assets in such equity securities, with current income as a secondary objective. The fund offers Class A shares with a front-end sales charge of 4.50%, a net expense ratio of approximately 1.23-1.28%, and a minimum initial investment of $5,000, benchmarking performance against the MSCI ACWI ex-U.S. Index within the Morningstar Foreign Large Blend category; as of late 2025, it maintains net assets of around $464.91 million for the Class A share class and approximately $2.8-4.27 billion overall, with a portfolio featuring 40-50 holdings, weighted average market cap in the large-cap range, annual turnover of 49%, and top exposures to sectors like industrials, financial services, and technology across regions including the Eurozone, Japan, and developed Asia. Key holdings as of mid-2025 include Thornburg Capital Management Fund, TotalEnergies SE, Schneider Electric SE, Samsung Electronics, Hitachi Ltd, Mitsubishi UFJ Financial Group, and AstraZeneca PLC. Thornburg Investment Management, founded in 1982 and headquartered at 2300 North Ridgetop Road in Santa Fe, New Mexico, with additional offices in London, Hong Kong, and Shanghai, provides the fund as part of its broader suite of active, high-conviction strategies encompassing mutual funds, ETFs, closed-end funds, institutional separate accounts, and UCITS funds for non-U.S. investors, targeting institutions, financial advisors, high-net-worth individuals, and wholesale clients globally. In recent developments, Thornburg Investment Management formed a joint venture with Bow River Capital in September 2024, expected to close in Q4 2024, to offer private credit solutions for lower- and middle-market businesses, leveraging Thornburg's fixed income expertise and Bow River's private equity track record amid growing demand in U.S. regional markets. The firm also announced strategic distribution partnerships in 2025, including with Capital Strategies Partners in October to expand UCITS fund access—including equity income and global opportunities strategies—for institutional and wholesale investors in Italy and the Middle East, and with Active Fund Placement in June to target similar clients in Germany and Austria. These alliances reflect Thornburg's ongoing international expansion and diversification beyond core equity and fixed income offerings, supporting over $46-52 billion in client assets as of mid-2025.