BABA - Thornburg Developing World Fund Q4 2024 Commentary
2025-04-07 09:54:00 ET
Summary
- In 4Q24, Thornburg Developing World Fund (I share class) returned -4.9%, 311 basis points ahead of the MSCI Emerging Markets Index.
- Yields on longer-term U.S. Treasuries rose around as much as the Fed cut its benchmark rate, as U.S. sovereign bond prices fell.
- As we enter 2025, sentiment has varied dramatically for equity markets inside vs outside of the U.S.
| AVERAGE ANNUAL TOTAL RETURNS (%) |
| EXPENSE RATIOS (%) |
| AS OF 31 DECEMBER 2024 |
| QTR |
| YTD |
| 1-YR |
| 3-YR |
| 5-YR |
| 10-YR |
| ITD |
| GROSS |
| NET |
| A Shares THDAX (Incep: 16 Dec 09) |
| Without sales charge |
| -5 |
| 5.3 |
| 5.3 |
| -6.04 |
| -0.27 |
| 2.41 |
| 4.48 |
| -- |
| -- |
| With sales charge |
| -9.28 |
| 0.58 |
| 0.58 |
| -7.47 |
| -1.18 |
| 1.94 |
| 4.17 |
| 1.6 |
| 1.6 |
| I Shares THDIX (Incep: 16 Dec 09) |
| -4.9 |
| 5.8 |
| 5.8 |
| -5.64 |
| 0.14 |
| 2.83 |
| 4.95 |
| 1.28 |
| 1.04 |
| MSCI Emerging Markets Index |
| -8.01 |
| 7.5 |
| 7.5 |
| -1.92 |
| 1.7 |
| 3.64 |
| 3.12 |