TIGMX Fees and Costs — Thornburg Investment Grade Bond Managed Account Fund, Class SMA
Data updated: 2026-08-24
The net expense ratio is 0.00% (7.98% before fee waivers). There are no sales loads or redemption fees.
TIGMX Fees and Expenses
Annual operating expenses and sales charges of TIGMX. Prospectus, as of January 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 7.98% |
| Gross expense ratio | 7.98% |
| Fee waiver | −7.98% |
| Net expense ratio | 0.00% |
| 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 | No |
TIGMX Costs Over Time
On $10,000 invested in TIGMX, assuming 5% a year before costs, total costs come to $0 over 5 years, cutting the return by 0.00% 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 0.00%) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $0 | $0 |
| Value after costs | $10,500 | $11,576 | $12,763 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
TIGMX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $8.5M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
TIGMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $5.6M | 72.33% |
| Goldman Sachs & Co. LLC | $550K | 7.14% |
| Deutsche Bank Securities Inc. | $366K | 4.75% |
| BofA Securities, Inc. | $290K | 3.77% |
| J.P. Morgan Securities LLC | $205K | 2.66% |
| Citigroup Global Markets Inc. | $165K | 2.15% |
| Barclays Capital Inc. | $163K | 2.11% |
| Wells Fargo Securities, LLC | $148K | 1.93% |
| MUFG Securities Americas Inc. | $134K | 1.74% |
| BNP Paribas Securities Corp. | $109K | 1.41% |
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.