TINVX Fees and Costs — Thornburg International Growth Fund, Class R4
Data updated: 2026-10-01
The net expense ratio is 1.19%: a 0.86% management fee, a 0.25% 12b-1 fee plus 1.01% other expenses, less a 0.93% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $576K in broker commissions, 0.0767% of average net assets, and portfolio turnover was 29%.
TINVX Fees and Expenses
Annual operating expenses and sales charges of TINVX. Prospectus, as of October 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.86% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.01% |
| Gross expense ratio | 2.12% |
| Fee waiver | −0.93% |
| Net expense ratio | 1.19% |
| 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 |
TINVX Costs Over Time
On $10,000 invested in TINVX, assuming 5% a year before costs, total costs come to $788 over 5 years, cutting the return by 1.33% 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 1.19%) | $125 | $389 | $672 |
| Trading costs (broker commissions) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $21 | $72 |
| Total costs | $133 | $434 | $788 |
| Value after costs | $10,367 | $11,142 | $11,975 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
TINVX 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): 0.0767%
- Total broker commissions: $576K
- Bought from dealers (principal trades, not a cost): $512.2M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
TINVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $66K | 17.63% |
| SG Americas Securities, LLC | $52K | 13.94% |
| Jefferies LLC | $52K | 13.88% |
| HSBC Securities (USA) Inc. | $37K | 9.90% |
| J.P. Morgan Securities LLC | $36K | 9.53% |
| Daiwa Capital Markets America Inc. | $30K | 8.02% |
| UBS Securities LLC | $28K | 7.45% |
| Morgan Stanley & Co. LLC | $28K | 7.36% |
| Citigroup Global Markets Inc. | $23K | 6.20% |
| Berenberg Capital Markets LLC | $23K | 6.09% |
TINVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $495.8M | 96.80% |
| Goldman Sachs & Co. LLC | $16.4M | 3.20% |
Thornburg International 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 |
|---|---|---|---|
| THGIX | Class R6 | 0.86% | none |
| TINFX | Class R5 | 0.94% | none |
| TINGX | Class I | 0.94% | none |
| TINVX | Class R4 | 1.19% | none |
| TIGAX | Class A | 1.35% | 4.50% |
| TIGVX | Class R3 | 1.44% | none |
| TIGCX | Class C | 2.33% | 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.