Thornburg Better World International Fund Class C (TBWCX)

Fund Assets	446.20M
Expense Ratio	1.95%
Min. Investment	$5,000
Turnover	n/a
Dividend (ttm)	0.07
Dividend Yield	0.34%
Dividend Growth	3,619.17%
Payout Frequency	Annual
Ex-Dividend Date	Dec 18, 2025

Previous Close	21.34
YTD Return	-0.19%
1-Year Return	3.81%
5-Year Return	14.55%
52-Week Low	19.96
52-Week High	22.98
Beta (5Y)	0.88
Holdings	53
Inception Date	Oct 1, 2015

About TBWCX

Thornburg Better World International Fund Class C is an actively managed international equity mutual fund focused on investing in companies with significant social and environmental impact. The fund seeks capital preservation and long-term appreciation by selecting equities and depositary receipts of firms located primarily in developed and emerging markets outside the United States. It employs a bottom-up investment process, emphasizing stock selection in pursuit of strong returns while maintaining high active share relative to its benchmark, the MSCI ACWI ex-U.S. Index. With a focus on large- and mid-cap companies, the fund's portfolio typically comprises over 50 holdings, covering a variety of sectors and geographies, but with an overarching commitment to responsible investment themes. The fund is categorized within the Foreign Large Blend segment by Morningstar, reflecting its broad, diversified exposure among non-U.S. equities. Managed by Thornburg Investment Management, the fund appeals to investors and institutions seeking to align international equity exposure with sustainability objectives and global impact considerations.

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

Performance

TBWCX had a total return of 3.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.37%.

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	1.22%
FTEIX	Fidelity	Fidelity Advisor Total Intl Equity I	0.98%
FTCEX	Fidelity	Fidelity Advisor Total Intl Equity C	1.88%
FTIEX	Fidelity	Fidelity Total International Equity Fund	0.87%
FIEZX	Fidelity	Fidelity Advisor Total Intl Equity Z	0.81%

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%
TBWAX	- Class A	1.42%
TBWCX	- Class C	1.95%

Top 10 Holdings

37.83% of assets

Name	Symbol	Weight
Thornburg Capital Management	n/a	5.02%
Taiwan Semiconductor Manufacturing Company Limited	TSM	4.47%
BNP Paribas SA	BNP	4.00%
Endesa, S.A.	ELE	3.85%
ING GROEP NV COMMON STOCK EUR.01	BNP.18 06.22.23 000N	3.78%
Schneider Electric S.E.	SU	3.71%
Iberdrola, S.A.	IBE	3.38%
Roche Holding AG	n/a	3.26%
Tencent Holdings Limited	0700	3.21%
Enel SpA	ENEL	3.16%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 18, 2025	$0.07178	Dec 18, 2025
Dec 19, 2024	$0.00193	Dec 19, 2024
Dec 14, 2023	$0.06355	Dec 14, 2023
Nov 18, 2021	$2.8634	Nov 18, 2021
Dec 20, 2019	$0.00965	Dec 20, 2019
Dec 21, 2018	$0.03771	Dec 21, 2018

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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