Thornburg Developing World Fund Class C (THDCX)

Fund Assets	676.23M
Expense Ratio	2.301%
Min. Investment	$5,000
Turnover	n/a
Dividend (ttm)	0.60
Dividend Yield	2.00%
Dividend Growth	103.74%
Payout Frequency	Annual
Ex-Dividend Date	Dec 18, 2025

Previous Close	30.79
YTD Return	24.81%
1-Year Return	30.33%
5-Year Return	24.32%
52-Week Low	23.91
52-Week High	32.23
Beta (5Y)	0.89
Holdings	47
Inception Date	Dec 16, 2009

About THDCX

Thornburg Developing World Fund Class C is an actively managed mutual fund specializing in emerging markets equity. Its primary objective is long-term capital appreciation by investing in a diversified portfolio of growth and value stocks from companies operating across a range of sectors in developing economies. The fund typically maintains exposure to industries such as technology, financial services, healthcare, consumer defensive, and communication services, as reflected in its top holdings which often include prominent companies like Taiwan Semiconductor Manufacturing, Samsung Electronics, and Tencent Holdings. Managed since 2009, this fund distinguishes itself through its active approach, seeking opportunities within emerging markets that may exhibit higher growth potential relative to developed markets. The portfolio's composition emphasizes a blend of large and mid-sized market capitalizations with a notable active share, indicating its differentiation from the MSCI Emerging Markets Index, which serves as its benchmark. The fund is suitable for investors looking to participate in the dynamic and evolving landscapes of global emerging economies, playing a significant role in diversified portfolios that aim to capture international growth trends.

• Fund Family: Thornburg
• Category: Diversified Emerging Mkts
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: THDCX
• Share Class: Class C
• Index: MSCI EM (Emerging Markets) NR USD

Performance

THDCX had a total return of 30.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.09%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
FGOMX	Fidelity	Strategic Advisers Fidelity Emerging Markets Fund	0.29%
FPADX	Fidelity	Fidelity Emerging Markets Index Fund	0.08%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
TDWRX	Class R6	0.94%
THDRX	Class R5	1.04%
THDIX	Class I	1.04%
THDAX	Class A	1.45%

Top 10 Holdings

48.58% of assets

Name	Symbol	Weight
Taiwan Semiconductor Manufacturing Company Limited	2330	15.50%
Samsung Electronics Co., Ltd.	005930	7.58%
MediaTek Inc.	2454	3.93%
Bid Corporation Limited	BID	3.74%
SK hynix Inc.	000660	3.19%
ICICI Bank Limited	ICICIBANK	3.18%
SK Square Co., Ltd.	402340	3.10%
Thornburg Capital Management	n/a	2.86%
AIA Group Limited	1299	2.81%
Petróleo Brasileiro S.A. - Petrobras	PETR4	2.70%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 18, 2025	$0.60269	Dec 18, 2025
Dec 19, 2024	$0.29581	Dec 19, 2024
Dec 14, 2023	$0.12059	Dec 14, 2023
Dec 15, 2022	$0.04539	Dec 15, 2022
Dec 20, 2019	$0.0531	Dec 20, 2019
Sep 22, 2017	$0.02418	Sep 22, 2017

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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