TIVRX Performance — Thornburg International Equity Fund, Class R5
Data updated: 2026-08-24
TIVRX returned +10.00% year to date and +21.16% over one year to Jun 2026. Annualised returns are +19.82% over 3 years and +9.50% over 5 years. Against its International Large Value category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $172, against $167 for the category, and to $121 over one year, against $123. Volatility over the past three years was 11.91% a year. In the 12 months to Jun 2026 the fund took in a net $768.8M, and assets reached $5.45B.
TIVRX Growth of $100
What $100 invested in Thornburg International Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Large Value category average over the same months.
| Period | TIVRX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $121 | $123 |
| 3 years (Jul 2023 – Jun 2026) | $172 | $167 |
| 5 years (Jul 2021 – Jun 2026) | $157 | $171 |
| Since data start (Jul 2019 – Jun 2026) | $224 | $211 |
TIVRX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.00% |
| 1 year | +21.16% |
| 3 years (annualised) | +19.82% |
| 5 years (annualised) | +9.50% |
TIVRX Annual Returns
Calendar-year total returns of Thornburg International Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +10.00% |
| 2025 | +34.17% |
| 2024 | +11.52% |
| 2023 | +16.00% |
| 2022 | −16.73% |
| 2021 | +7.58% |
| 2020 | +22.67% |
| 2019 (Jul–Dec) | +6.85% |
TIVRX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.4% | +6.5% | −8.1% | +5.2% | +2.1% | −0.6% | — | — | — | — | — | — |
| 2025 | +4.7% | +2.3% | +2.6% | +2.9% | +5.1% | +2.5% | 0.0% | +2.5% | +2.9% | +0.9% | +1.0% | +2.4% |
| 2024 | +0.2% | +3.1% | +4.2% | −1.1% | +5.4% | −1.0% | +3.4% | +2.4% | +2.9% | −4.8% | −1.1% | −2.3% |
| 2023 | +9.0% | −4.5% | +3.8% | +1.9% | −3.3% | +4.3% | +3.7% | −3.5% | −4.4% | −2.2% | +7.8% | +3.6% |
| 2022 | −3.3% | −6.0% | −1.8% | −6.5% | +1.6% | −7.3% | +3.4% | −4.6% | −9.5% | +2.5% | +15.8% | −0.1% |
| 2021 | +0.7% | +2.8% | +0.6% | +2.6% | +4.6% | −2.9% | −2.5% | +1.4% | −2.9% | +3.5% | −3.7% | +3.5% |
| 2020 | −1.2% | −5.5% | −13.7% | +6.6% | +6.5% | +4.4% | +6.8% | +6.9% | −2.1% | −1.4% | +12.0% | +4.2% |
| 2019 | — | — | — | — | — | — | −0.8% | −1.7% | +1.1% | +3.2% | +1.5% | +3.5% |
TIVRX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 11.91%
- 3-year Sharpe ratio: 1.29 (vs 4.5% risk-free rate)
- Best month: +7.76% (Nov 2023)
- Worst month: −8.14% (Mar 2026)
TIVRX Fund Flows
Monthly money in and out of Thornburg International Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $768.8M
- 12-month gross sales (incl. reinvestments): $2.0B
- Sales ÷ redemptions: 1.65×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $70.2M | $102.3M | −$32.1M |
| May 2026 | $88.4M | $92.2M | −$3.8M |
| Apr 2026 | $119.4M | $100.5M | $18.9M |
| Mar 2026 | $209.3M | $101.3M | $108.0M |
| Feb 2026 | $194.3M | $105.1M | $89.2M |
| Jan 2026 | $232.8M | $199.7M | $33.1M |
| Dec 2025 | $210.1M | $72.5M | $137.7M |
| Nov 2025 | $208.4M | $108.4M | $100.0M |
| Oct 2025 | $160.4M | $78.0M | $82.4M |
| Sep 2025 | $114.5M | $108.8M | $5.7M |
| Aug 2025 | $184.3M | $55.6M | $128.7M |
| Jul 2025 | $159.8M | $58.8M | $101.0M |
TIVRX Assets Under Management
Net assets of Thornburg International Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $5.45B |
| 2026-03-31 | $5.12B |
| 2025-12-31 | $4.75B |
| 2025-09-30 | $4.40B |
| 2025-06-30 | $3.94B |
| 2025-03-31 | $3.09B |
| 2024-12-31 | $2.71B |
| 2024-09-30 | $2.97B |
| 2024-06-30 | $2.69B |
| 2024-03-31 | $2.65B |
| 2023-12-31 | $2.52B |
| 2023-09-30 | $2.36B |
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.