Thornburg International Equity Fund Class R3 (TGVRX)

Overview

The fund is an investment entity that focuses on capital growth by investing predominantly in the common stocks of non-U.S. companies and in depositary receipts. It aims to provide investors with exposure to foreign markets, including potentially high-growth opportunities in developing countries. By allocating at least 80% of its net assets in these instruments, the fund seeks to leverage the growth potential of international markets outside of the United States. The inclusion of depositary receipts in its investment strategy allows it to tap into the performance of foreign companies in a manner that is accessible to investors. The fund's commitment to investing primarily outside of the U.S. highlights its goal of diversification and the pursuit of returns through exposure to international economies and companies.

Products and Services

The fund offers a variety of investment opportunities primarily focused on international markets:

• Common Stocks of Non-U.S. Companies: The fund invests in common stocks of companies headquartered outside of the United States. This approach is designed to capture the growth and value potential inherent in international markets, providing investors with a diversified portfolio that leverages the performance of companies operating within various global economies.
• Depositary Receipts: In addition to direct stocks, the fund invests in depositary receipts, which are financial instruments representing a specified number of shares in a foreign company traded on a U.S. or other financial exchange. Depositary receipts enable the fund to efficiently access and invest in the stock of non-U.S. companies, combining the benefits of diversification with the ease of trading in domestic markets.
• Investments in Developing Countries: Recognizing the higher growth potential in developing markets, the fund may allocate a portion of its assets to investments in developing countries. This strategy aims to capitalize on the dynamic economic growth and emerging market trends in these regions, potentially leading to higher returns for investors seeking to diversify their investment horizons and embrace risk-adjusted opportunities in less mature markets.