Thornburg Better World International Fund Celebrates Five-Year Anniversary with Top Morningstar Five-Star Overall and Five-Globe Sustainability Ratings
SANTA FE, N.M., Oct. 20, 2020 /PRNewswire/ -- Thornburg Investment Management ("Thornburg"), a global asset manager that oversees
"Investors may be skeptical about whether ESG-focused strategies can improve long-term performance," said Portfolio Manager Di Zhou. "We have demonstrated with Better World International Fund's short- and long-term performance that indeed we can offer investors a solution that does good in the world while simultaneously doing well in their portfolios."
The Better World International Fund is a core international equity fund that integrates environmental, social and governance (ESG) factors with global fundamental research to deliver a high-performing portfolio of sustainable companies. The Fund typically invests in companies trading at a discount to their intrinsic value and demonstrates one or more significant positive ESG characteristics with the power to last and grow over time. The strategy is available to U.S. retail and institutional investors.
"Thornburg Better World International Fund is a natural extension of our corporate culture of sustainability," said Thornburg President and CEO Jason Brady. "Led by founder and chairman Garrett Thornburg and bolstered by our global team, Thornburg's commitment to the principles underlying ESG is seen through our community involvement, employee volunteerism, and in our LEED gold certified headquarters in Santa Fe, New Mexico—an example of energy- and water- efficient design."
As of September 30, 2020, the institutional share class of the Fund (Ticker: TBWIX) received an overall five-star Morningstar rating and its five-year performance based on its risk-adjusted returns ranks it first among 548 peers in Morningstar's Foreign Large Blend category, since inception. The Fund also ranks first among 47 international ESG funds classified as "ESG Overall" in Morningstar's Foreign Large Value, Blend and Growth categories over the same five-year period. In Morningstar's Foreign Large Blend category, the Fund is ranked in the first percentile over one-, three-, and five-year periods out of 761, 647 and 548 funds, respectively, and in the second percentile year-to-date out of 774 funds.
In addition, as of August 31, 2020, the Fund's Morningstar Historical Sustainability Score ranks in the top
For more information about the Fund, please visit https://www.thornburg.com/products-performance/mutual-funds/equity-funds/fbwi/. To learn more about Thornburg's investment strategies, please visit https://www.thornburg.com/products-performance/mutual-funds/. To learn more about Thornburg's environmentally sustainable campus, please visit https://www.thornburg.com/our-firm/our-campus/.
About Thornburg
Thornburg Investment Management is a privately-owned global investment firm that offers a range of multi-strategy solutions for institutions and financial advisors. A recognized leader in fixed income, equity, and alternatives investing, the firm oversees
At Thornburg, we believe unconstrained investing leads to better outcomes for our clients. Our culture is collaborative, and our investment solutions are highly active, high conviction, and benchmark agnostic. When it comes to finding value for our clients, it's more than what we do, it's how we do it: how we think, how we invest, and how we're structured.
For more information, visit www.thornburg.com or call (877) 215-1330.
Media Inquiries
Michael Corrao
Director of Global Communications
Thornburg Investment Management
Tel: +1 (505) 467-5345
Email: mcorrao@thornburg.com
Based on total returns without sales charges, Morningstar ranked the fund (I shares) #4 in the top
Thornburg Better World International Fund's Overall Morningstar Rating among Foreign Large Blend funds is based on risk-adjusted returns for Class I shares and uses a weighted average of the fund's three- and five-year ratings: five stars and five stars, among 647 and 548 funds, respectively, as of 9/30/20. To determine a fund's Morningstar Rating, funds and other managed products with at least a three-year history are ranked in their categories by their Morningstar Risk-Adjusted Return scores. The top
Morningstar Sustainability Rating™ measures the financially material environmental, social, and governance, or ESG, risks based on the fund's historical holdings relative to their global peer group.
Morningstar uses a three-step process to determine a fund's Morningstar Sustainability Rating™. First each fund with at least
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Past performance is no guarantee of future results.
Investments carry risks, including possible loss of principal. Additional risks may be associated with investments outside the United States, especially in emerging markets, including currency fluctuations, illiquidity, volatility, and political and economic risks. Investments in small- and mid-capitalization companies may increase the risk of greater price fluctuations. Investments in the Fund are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.
Before investing, carefully consider the Fund's investment goals, risks, charges, and expenses. For a prospectus or summary prospectus containing this and other information, contact your financial advisor or visit thornburg.com. Read them carefully before investing.
Thornburg mutual funds are distributed by Thornburg Securities Corporation.
1 Includes
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