Thornburg Better World International Fund Q4 2024 Commentary

April 07, 2025 08:12:00 am

Source: SeekingAlpha

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