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Thornburg Developing World Fund Q4 2024 Commentary

Source: SeekingAlpha

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

Read the full article on Seeking Alpha

For further details see:

Thornburg Developing World Fund Q4 2024 Commentary
Alibaba Group Holding Limited American Depositary Shares each representing one

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