Thornburg Better World International Fund Class A (TBWAX)

Fund Assets	477.64M
Expense Ratio	1.42%
Min. Investment	$5,000
Turnover	n/a
Dividend (ttm)	0.24
Dividend Yield	0.99%
Dividend Growth	62.65%
Payout Frequency	Annual
Ex-Dividend Date	Dec 18, 2025

Previous Close	23.52
YTD Return	7.69%
1-Year Return	13.10%
5-Year Return	23.67%
52-Week Low	20.53
52-Week High	23.70
Beta (5Y)	0.74
Holdings	50
Inception Date	Sep 30, 2015

About TBWAX

The Thornburg Better World International Fund Class A is an international equity mutual fund focused on long-term capital appreciation by investing primarily in socially and environmentally impactful companies outside the United States. This fund seeks to deliver positive change by targeting firms that exhibit significant environmental, social, and governance (ESG) characteristics, integrating both growth and value investment styles across diverse sectors and market capitalizations. The portfolio typically consists of a mix of developed and emerging market equities, with a rigorous fundamental analysis guiding security selection. Its benchmark is the MSCI All Country World ex USA Index, emphasizing its global scope beyond domestic holdings. Thornburg Better World International Fund Class A is notable for its high active share and a concentrated approach, with a substantial proportion of assets in its top holdings. By focusing on ESG criteria, the fund aims to align financial goals with broader societal and environmental objectives, making it a distinctive player in the foreign large blend mutual fund category.

• Fund Family: Thornburg
• Category: Foreign Large Blend
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: TBWAX
• Share Class: - Class A
• Index: MSCI AC World ex USA NR USD

Performance

TBWAX had a total return of 13.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.87%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FTAEX	Fidelity	Fidelity Advisor Total Intl Equity A	1.20%
FTEIX	Fidelity	Fidelity Advisor Total Intl Equity I	0.95%
FTCEX	Fidelity	Fidelity Advisor Total Intl Equity C	1.95%
FTIEX	Fidelity	Fidelity Total International Equity Fund	0.91%
FTTEX	Fidelity	Fidelity Advisor Total Intl Equity M	1.45%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TBWIX	- Class I	0.90%
TBWIX	- Class I	0.90%
TBWAX	- Class A	1.42%
TBWCX	- Class C	1.95%

Top 10 Holdings

36.90% of assets

Name	Symbol	Weight
Taiwan Semiconductor Manufacturing Company Limited	TSM	4.41%
BNP Paribas SA	BNP	4.21%
Iberdrola, S.A.	IBE	3.76%
Schneider Electric S.E.	SU	3.74%
Endesa, S.A.	ELE	3.70%
Thornburg Capital Management	n/a	3.53%
ING GROEP NV COMMON STOCK EUR.01	BNP.18 06.22.23 000N	3.51%
Mitsubishi UFJ Financial Group, Inc.	8306	3.47%
Enel SpA	ENEL	3.31%
ABB Ltd	ABBN	3.26%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 18, 2025	$0.23508	Dec 18, 2025
Dec 19, 2024	$0.14453	Dec 19, 2024
Dec 14, 2023	$0.17651	Dec 14, 2023
Dec 15, 2022	$0.04453	Dec 15, 2022
Nov 18, 2021	$2.8634	Nov 18, 2021
Dec 20, 2019	$0.09052	Dec 20, 2019

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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