About TVAFX
Thornburg Small/Mid Cap Core Fund Class A is a diversified mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of small- and mid-capitalization companies. The fund defines its investment universe using the market capitalization range of the Russell 2500 Index, which typically encompasses companies with market caps ranging from tens of millions to over $20 billion. Under normal conditions, at least 80% of the fund’s net assets are allocated to small- and mid-cap stocks, with a core approach that balances basic values, consistent earners, and emerging franchises across various sectors, notably industrials, technology, financial services, energy, and basic materials. Thornburg employs a bottom-up, fundamental research process, evaluating factors like earnings growth, business durability, management quality, and industry innovation. The fund also retains flexibility to invest in select foreign stocks if they align with its objectives. With a relatively high expense ratio and turnover rate, the fund caters to investors seeking exposure to the dynamic small- and mid-cap segment of the U.S. equity market, aiming to capture growth opportunities while mitigating risks through diversification.
Fund Family Thornburg
Category Mid-Cap Blend
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol TVAFX
Share Class - Class A
Index Russell 2500 TR
TVAFX had a total return of 0.41% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.31%.
