- What does TBWAX invest in?
- The fund principally allocates its capital to a diverse array of international equities, which can include common stocks and their associated depositary receipts. The investment manager employs a strategy that meticulously combines in-depth fundamental analysis of potential holdings with a comprehensive assessment of crucial Environmental, Social, and Governance (ESG) factors. Thornburg defines these as ESG characteristics that hold the potential to materially influence a company's risk-return dynamics and its sustained financial performance. To achieve its objectives, the fund retains the flexibility to invest in a variety of equity instruments, such as common shares, preferred shares, and publicly traded real estate investment trusts.
- What is the expense ratio of TBWAX?
- Thornburg Better World International Fund Class A (TBWAX) charges an expense ratio of 1.42%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is TBWAX?
- Thornburg Better World International Fund Class A (TBWAX) manages $456.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is TBWAX actively managed or an index fund?
- TBWAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was TBWAX launched?
- Thornburg Better World International Fund Class A (TBWAX) launched in September 2015 and is managed by Thornburg.
- How has TBWAX performed?
- TBWAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
