NVO - Thornburg Better World International Fund Q4 2024 Commentary
2025-04-07 08:12:00 ET
Summary
- In 4Q24, the Thornburg Better World International Fund (I share class) returned -6.68%, 92 basis points ahead of the MSCI ACWI ex-U.S. Index.
- US Federal Reserve began its well-telegraphed monetary loosening in September with a hefty 50-BP cut to its target range, following up with two more 25-BP reductions in November and December.
- On the social pillar, companies that attract, retain and incentivize talent tend to exhibit gains in innovation and productivity, boosting financial resilience and earnings power.
| AVERAGE ANNUAL TOTAL RETURNS (%) |
| EXPENSE RATIOS (%) |
| AS OF 31 DECEMBER 2024 |
| QTR |
| YTD |
| 1-YR |
| 3-YR |
| 5-YR |
| ITD |
| GROSS |
| NET |
| A Shares TBWAX (Incep: 30 Sep 15) |
| Without sales charge |
| -6.76 |
| 6.53 |
| 6.53 |
| -0.88 |
| 8.09 |
| 8.46 |
| -- |
| -- |
| With sales charge |
| -10.95 |
| 1.72 |
| 1.72 |
| -2.39 |
| 7.1 |
| 7.92 |
| 1.6 |
| 1.6 |
| I Shares TBWIX (Incep: 30 Sep 15) |
| -6.68 |
| 7.11 |
| 7.11 |
| -0.34 |
| 8.69 |
| 9.17 |
| 1.26 |
| 0.9 |
| MSCI ACWI ex-U.S. Index |
| -7.6 |
| 5.53 |
| 5.53 |
| 0.82 |
| 4.1 |
| 6.23 |