• Thornburg Small/Mid Cap Growth

Thornburg
US, Multi-Cap Growth

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Thornburg Small/Mid Cap Growth

THGRX

Summary

The fund seeks capital appreciation in the long term by investing in small-and mid-size companies in the United States.

The investment process is driven by fundamental research to identify attractive growth stocks demonstrating revenue and earnings growth.

Next, the research team invests in varying proportions in categories such as consistent earners, growth industry leaders, and emerging franchises.

The team considers consistent earners to be companies exhibiting characteristics such as predictable growth and profitability, and consistent cash flow.

Growth industry leaders are companies who are leaders in niche and growing markets.

In addition, the team believes emerging franchises are companies that can rapidly grow due to a new product innovation or take share from players already in the market.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting stocks, the investment team seeks businesses with prospects for earnings growth, a sustainable business model, capable management team, leverage, return on invested capital, and attractive valuation metrics.

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in foreign securities issued by companies domiciled in countries whose currencies are freely convertible into U.S. dollars, or in companies in other countries whose business is conducted primarily in U.S. dollars.

 

Strategy Process Research Risk Philosophy

Price

Last Close

$60.05 ( +0.77 )

52 Week HL

$63.12 - $47.63

Net Assets

$730 M

Expense Ratio

0.99 %

Sector Allocation

Mar 31, 2021

Top 10 Holdings

Mar 31, 2021

Company Name

  • Horizon Therapeutics
  • Zynga, Inc.
  • Freshpet, Inc.
  • Avantor, Inc.
  • Fox Factory

Holding

  • 3.7
  • 3.6
  • 2.8
  • 2.8
  • 2.6

Company Name

  • Floor &
  • Globant S.A.
  • Amedisys, Inc.
  • Black Knight,
  • Entegris, Inc.
  • Total

Holding

  • 2.6
  • 2.5
  • 2.5
  • 2.5
  • 2.4
  • 28%

Documents

Prospectus

Fact Sheet

Annual Reports

Website

Link

Performance

YTD

6.3 %

3 Year

68.77%

5 Year

101.58%

Best

46.15%
2009

Worst

-50.76%
2008

Returns +
Quarterly

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Q1 -4.6% -12.8% 18.1% 6% 9.2% -7.1% 3.7% -2.3% 11.3% 18.6% -
Q2 6.7% 31.1% 2.1% 9.1% 5.1% -0.9% 1.1% -0.3% 4.1% -8% -
Q3 4.4% 8.6% -3.1% 5.2% 3.3% 9.4% -8.7% -0.3% 9.6% 10.5% -
Q4 - 7.8% -0.5% -17.8% 4.3% -2.6% 7.8% 3.5% 12.3% 0.6% -

Returns +
Monthly

J F M A M J J A S O N D
2021 - 1.9% -6.4% 6.6% -4.2% 4.5% 1.7% 0.9% 1.8% - - -
2020 3.6% -4.6% -11.7% 13.8% 8.2% 6.5% 5.9% 7.5% -4.7% -2.2% 5% 5.1%

Returns +
Annual

    2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
    20%37%34%-3%28%6%4%11%32%13%1%

Alpha

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
THGRX 6%34%19%-2%24%-2%3%1%43%22%2%
Russell 3000 20%37%34%-3%28%6%4%11%32%13%1%
Alpha -14%-3%-16%1%-3%-8%-0%-10%11%9%1%

THGRX Russell 3000

Chart +