THOIX Fees and Costs — Thornburg Global Opportunities Fund, Class I
Data updated: 2026-08-24
The net expense ratio is 0.99%: a 0.83% management fee plus 0.24% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $430K in broker commissions, 0.0329% of average net assets, and portfolio turnover was 15%.
THOIX Fees and Expenses
Annual operating expenses and sales charges of THOIX. Prospectus, as of January 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.07% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.99% |
| 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 |
THOIX Costs Over Time
On $10,000 invested in THOIX, assuming 5% a year before costs, total costs come to $640 over 5 years, cutting the return by 1.07% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $107 | $352 | $640 |
| Value after costs | $10,393 | $11,225 | $12,123 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
THOIX 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): 0.0329%
- Total broker commissions: $430K
- Bought from dealers (principal trades, not a cost): $455.7M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
THOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $79K | 22.94% |
| J.P. Morgan Securities LLC | $54K | 15.66% |
| BofA Securities, Inc. | $50K | 14.52% |
| HSBC Securities (USA) Inc. | $37K | 10.70% |
| Morgan Stanley & Co. LLC | $29K | 8.60% |
| BNP Paribas Securities Corp. | $28K | 8.19% |
| Nomura Securities International, Inc. | $25K | 7.20% |
| Goldman Sachs & Co. LLC | $18K | 5.14% |
| UBS Securities LLC | $14K | 4.00% |
| BNY Capital Markets, LLC | $10K | 3.05% |
THOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $455.7M | 100.00% |
Thornburg Global Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| THOGX | Class R6 | 0.89% | none |
| THOFX | Class R5 | 0.99% | none |
| THOIX | Class I | 0.99% | none |
| THOVX | Class R4 | 1.24% | none |
| THOAX | Class A | 1.33% | 4.50% |
| THORX | Class R3 | 1.49% | none |
| THOCX | Class C | 2.16% | 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.