Thornburg International Equity Fund
TIVRX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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
- Jan 31, 2005
- CIK
- 0000816153
- Website
- thornburg.com
- Similar Companies
- Business
- Thornburg International Equity Fund (TIVRX) is an open-end mutual fund managed by Thornburg Investment Management that seeks long-term capital appreciation through a primary focus on equity securities of non-U.S. companies, with current income as a secondary objective; it invests principally in common stocks and depositary receipts of foreign large-blend issuers domiciled outside the United States, including those in developed and emerging markets across Europe, Japan, Asia, and Canada. The fund offers Class R5 shares with a net expense ratio of 0.90%, annual portfolio turnover around 43-49%, and a diversified portfolio featuring top sectors such as industrials, financial services, technology, utilities, and consumer cyclical; key holdings include Samsung Electronics, Hitachi, Mitsubishi UFJ Financial Group, and AstraZeneca, with approximately 90% allocation to non-U.S. stocks and active share metrics emphasizing high-conviction positions relative to the MSCI ACWI ex-U.S. Index benchmark. Thornburg Investment Management, the fund's adviser, was founded in 1982 and is headquartered in Santa Fe, New Mexico, with additional offices in Hong Kong, Shanghai, and London; the firm manages approximately $46 billion in client assets across mutual funds, ETFs, closed-end funds, institutional accounts, separate accounts, and UCITS funds for non-U.S. investors, serving institutions, financial professionals, and high-net-worth individuals globally. The TIVRX share class was incepted on February 1, 2005, with portfolio managers Lei Wang (since 2006) and Matt Burdett (since 2021) overseeing a strategy that maintains a weighted average market cap in the large-blend category and delivers Morningstar ratings of 5 stars (3-year), 3 stars (5-year), and 4 stars (10-year) among foreign large-blend peers as of October 31, 2025. In recent developments, Thornburg formed a joint venture with Bow River Capital in September 2024 to launch private credit solutions targeting lower- and middle-market businesses in the Rocky Mountain West, Midwest, and Southwest U.S., combining fixed income expertise with private equity capabilities and expected to close in Q4 2024; the firm also expanded its active ETF lineup in early 2025 with fixed income offerings following the January 2025 debuts of Thornburg International Equity ETF (TXUE) and International Growth ETF (TXUG), which attracted over $80 million in inflows.