THIGX Fees and Costs — Thornburg Small/Mid Cap Growth Fund, Class I
Data updated: 2026-08-24
The net expense ratio is 0.87%: a 0.79% management fee plus 0.27% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $127K in broker commissions, 0.0528% of average net assets, and portfolio turnover was 34%.
THIGX Fees and Expenses
Annual operating expenses and sales charges of THIGX. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.87% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
THIGX Costs Over Time
On $10,000 invested in THIGX, assuming 5% a year before costs, total costs come to $578 over 5 years, cutting the return by 0.97% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.87%) | $91 | $285 | $495 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $318 | $578 |
| Value after costs | $10,403 | $11,259 | $12,185 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
THIGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0528%
- Total broker commissions: $127K
- Bought from dealers (principal trades, not a cost): $114.4M
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
THIGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $24K | 22.20% |
| Robert W. Baird & Co. Incorporated | $21K | 19.76% |
| Stifel, Nicolaus & Company, Incorporated | $18K | 16.40% |
| William Blair & Company, L.L.C. | $12K | 10.93% |
| KeyBanc Capital Markets Inc. | $6K | 5.54% |
| TD Securities (USA) LLC | $6K | 5.47% |
| Raymond James & Associates, Inc. | $6K | 5.28% |
| Liquidnet, Inc. | $6K | 5.16% |
| Morgan Stanley & Co. LLC | $5K | 5.09% |
| BNY Capital Markets, LLC | $4K | 4.17% |
THIGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $109.5M | 95.75% |
| UBS Securities LLC | $3.2M | 2.80% |
| J.P. Morgan Securities LLC | $1.3M | 1.12% |
| Morgan Stanley & Co. LLC | $285K | 0.25% |
| KeyBanc Capital Markets Inc. | $95K | 0.08% |
Thornburg Small/Mid Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TFGZ | C000272859 | 0.79% | — |
| THGRX | Class R5 | 0.87% | none |
| THIGX | Class I | 0.87% | none |
| TCGRX | Class R4 | 1.12% | none |
| THCGX | Class A | 1.36% | 4.50% |
| THCRX | Class R3 | 1.37% | none |
| TCGCX | Class C | 1.87% | none |
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.