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 |
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