Despite the merits of Thornburg Global Opportunities' concentrated and aggressive process, personnel turnover and unattractive fees limit the strategy to a Morningstar Analyst Rating of Neutral for all share classes.
Will THORX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable THORX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the THORX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of THORX’s parent organization’s priorities and whether they’re in line with investors’ interests.