THDAX Holdings — Thornburg Developing World Fund
Data updated: 2026-08-24
THDAX holds 41 securities. The top 10 make up 52.9% of net assets, led by Taiwan Semiconductor Manufacturing Co (15.44%) and Samsung Electronics Co (8.53%). Information Technology (36.5%) and Financials (16.9%) are the largest sectors, and 22.3% of the portfolio is in Taiwan. No debt holdings are reported.
Holdings cover 100.03% of net asset value (99.86% of total assets; remainder is cash and receivables). As of June 30, 2026 · N-PORT.
THDAX Portfolio Holdings
41 holdings of Thornburg Developing World Fund by percentage of net assets, from the fund's SEC N-PORT filing as of June 30, 2026.
| Holding | Ticker | Sector | % of net assets | Value (USD) |
|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | TSMWF | Information Technology | 15.44% | $107.13M |
| Samsung Electronics Co Ltd | — | Information Technology | 8.53% | $59.20M |
| SK hynix Inc | — | Information Technology | 4.68% | $32.47M |
| MediaTek Inc | — | Information Technology | 4.30% | $29.81M |
| SK Square Co Ltd | — | Equity — Other | 4.17% | $28.95M |
| Thornburg Capital Management Fund | — | Funds & ETFs | 3.84% | $26.63M |
| Bid Corp Ltd | — | Consumer Staples | 3.62% | $25.14M |
| ICICI Bank Ltd | — | Financials | 3.01% | $20.91M |
| Naspers Ltd | — | Communication Services | 2.70% | $18.73M |
| AIA Group Ltd | — | Financials | 2.61% | $18.11M |
| Tencent Holdings Ltd | — | Communication Services | 2.37% | $16.46M |
| Petroleo Brasileiro SA - Petrobras | — | Energy | 2.26% | $15.65M |
| ADNOC Drilling Co PJSC | — | Energy | 2.06% | $14.29M |
| Techtronic Industries Co Ltd | — | Industrials | 2.01% | $13.93M |
| Tenaga Nasional Bhd | — | Utilities | 1.96% | $13.60M |
| Credicorp Ltd | BAP | Financials | 1.90% | $13.17M |
| Bank Central Asia Tbk PT | — | Financials | 1.85% | $12.82M |
| Alibaba Group Holding Ltd | BABAF | Consumer Discretionary | 1.72% | $11.96M |
| Reliance Industries Ltd | — | Energy | 1.72% | $11.94M |
| Piraeus Bank SA | — | Financials | 1.60% | $11.12M |
| China Mengniu Dairy Co Ltd | — | Consumer Staples | 1.59% | $11.05M |
| BBB Foods Inc | TBBB | Consumer Staples | 1.59% | $11.03M |
| Contemporary Amperex Technology Co Ltd | — | Industrials | 1.55% | $10.72M |
| Itau Unibanco Holding SA | — | Financials | 1.54% | $10.67M |
| Salik Co PJSC | — | Industrials | 1.53% | $10.61M |
| XP Inc | XP | Financials | 1.53% | $10.59M |
| Asia Vital Components Co Ltd | — | Information Technology | 1.47% | $10.21M |
| China Construction Bank Corp | — | Financials | 1.45% | $10.05M |
| Sea Ltd | SE | Industrials | 1.45% | $10.04M |
| Bharti Airtel Ltd | — | Communication Services | 1.43% | $9.89M |
| KB Financial Group Inc | — | Financials | 1.40% | $9.72M |
| Arca Continental SAB de CV | — | Consumer Staples | 1.38% | $9.60M |
| MakeMyTrip Ltd | MMYT | Consumer Discretionary | 1.36% | $9.41M |
| Totvs SA | — | Information Technology | 1.32% | $9.18M |
| MercadoLibre Inc | MELI | Consumer Discretionary | 1.20% | $8.32M |
| Bangkok Dusit Medical Services PCL | — | Health Care | 1.15% | $7.96M |
| Kweichow Moutai Co Ltd | — | Consumer Staples | 1.08% | $7.52M |
| King Slide Works Co Ltd | — | Industrials | 1.07% | $7.43M |
| Csg NV | — | Industrials | 0.93% | $6.43M |
| LIG Defense&Aerospace Co Ltd | — | Industrials | 0.84% | $5.82M |
| Tata Consultancy Services Ltd | — | Information Technology | 0.81% | $5.60M |
THDAX Sector Allocation
Thornburg Developing World Fund holdings grouped by sector, by share of the portfolio's market value.
| Sector | Weight | Holdings |
|---|---|---|
| Information Technology | 36.5% | 7 |
| Financials | 16.9% | 9 |
| Industrials | 9.4% | 7 |
| Consumer Staples | 9.3% | 5 |
| Communication Services | 6.5% | 3 |
| Energy | 6.0% | 3 |
| Consumer Discretionary | 4.3% | 3 |
| Equity — Other | 4.2% | 1 |
| Funds & ETFs | 3.8% | 1 |
| Utilities | 2.0% | 1 |
| Health Care | 1.1% | 1 |
THDAX Country Allocation
Where Thornburg Developing World Fund's holdings are domiciled, by percentage of net assets (largest 15).
| Country | % of net assets |
|---|---|
| Taiwan | 22.3% |
| South Korea | 19.6% |
| Cayman Islands | 8.7% |
| India | 7.0% |
| South Africa | 6.3% |
| Brazil | 5.1% |
| United States | 5.0% |
| Hong Kong SAR China | 4.6% |
| China | 4.1% |
| United Arab Emirates | 3.6% |
| Malaysia | 2.0% |
| Bermuda | 1.9% |
| Indonesia | 1.9% |
| Greece | 1.6% |
| British Virgin Islands | 1.6% |
THDAX Portfolio Allocation
Asset-class allocation of Thornburg Developing World Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.