Morningstar

Thornburg Developing World Fund Class A THDAX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 32.11  /  −2.46 %
  • Total Assets 678.7M
  • Adj. Expense Ratio
    1.450%
  • Expense Ratio 1.450%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Diversified Emerging Mkts
  • Investment Style Large Growth
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 2.55%
  • Turnover 47%

USD | NAV as of Jul 17, 2026 | 1-Day Return as of Jul 17, 2026, 10:49 PM GMT+0

Morningstar’s Analysis THDAX

Will THDAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable THDAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the THDAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of THDAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Thornburg Developing World A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings THDAX

More THDAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 56.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd

17.71 124M
Technology

Samsung Electronics Co Ltd

8.27 58M
Technology

SK Hynix Inc

7.25 51M
Technology

MediaTek Inc

5.12 36M
Technology

Thornburg Capital Management

3.81 27M
—

AIA Group Ltd

2.99 21M
Financial Services

Naspers Ltd N Shs Common Stock Zar.02

2.81 20M
—

Bid Corp Ltd

2.81 20M
Consumer Defensive

ICICI Bank Ltd

2.73 19M
Financial Services

Petroleo Brasileiro SA Petrobras Participating Preferred

2.55 18M
Energy

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