Thornburg Global Opportunities Fund | June 30, 2024 (Unaudited) |
Issuer-Description | SHARES | VALUE | |
Common Stock — 97.1% | |||
Automobiles & Components — 2.2% | |||
Automobiles — 2.2% | |||
Mercedes-Benz Group AG | 400,248 | $ 27,677,658 | |
27,677,658 | |||
Banks — 11.4% | |||
Banks — 11.4% | |||
Bank of Ireland Group plc | 4,803,087 | 50,245,305 | |
BNP Paribas SA | 698,676 | 44,543,167 | |
Citigroup, Inc. | 776,297 | 49,263,808 | |
144,052,280 | |||
Capital Goods — 5.1% | |||
Aerospace & Defense — 1.3% | |||
L3Harris Technologies, Inc. | 72,951 | 16,383,336 | |
Building Products — 0.8% | |||
a | Builders FirstSource, Inc. | 74,167 | 10,265,454 |
Electrical Equipment — 1.4% | |||
a | Vestas Wind Systems AS | 789,850 | 18,289,078 |
Machinery — 1.6% | |||
Techtronic Industries Co. Ltd. | 1,731,669 | 19,780,239 | |
64,718,107 | |||
Commercial & Professional Services — 2.6% | |||
Professional Services — 2.6% | |||
a | CACI International, Inc. Class A | 76,712 | 32,996,133 |
32,996,133 | |||
Consumer Discretionary Distribution & Retail — 4.7% | |||
Broadline Retail — 2.0% | |||
Alibaba Group Holding Ltd. Sponsored ADR | 345,069 | 24,844,968 | |
Specialty Retail — 2.7% | |||
TJX Cos., Inc. | 310,471 | 34,182,857 | |
59,027,825 | |||
Consumer Durables & Apparel — 1.7% | |||
Household Durables — 1.7% | |||
Barratt Developments plc | 3,573,789 | 21,332,224 | |
21,332,224 | |||
Consumer Services — 5.5% | |||
Hotels, Restaurants & Leisure — 5.5% | |||
Booking Holdings, Inc. | 7,525 | 29,810,287 | |
Galaxy Entertainment Group Ltd. | 6,315,927 | 29,440,168 | |
Round One Corp. | 2,005,146 | 10,294,304 | |
69,544,759 | |||
Consumer Staples Distribution & Retail — 1.5% | |||
Consumer Staples Distribution & Retail — 1.5% | |||
Tesco plc | 4,801,589 | 18,573,239 | |
18,573,239 | |||
Energy — 10.5% | |||
Oil, Gas & Consumable Fuels — 10.5% | |||
Reliance Industries Ltd. | 1,366,133 | 51,249,954 | |
Shell plc | 937,260 | 33,721,285 | |
TotalEnergies SE | 698,605 | 46,633,520 | |
131,604,759 | |||
Financial Services — 5.8% | |||
Capital Markets — 4.2% | |||
Charles Schwab Corp. | 722,760 | 53,260,184 | |
Consumer Finance — 1.6% |
Thornburg Global Opportunities Fund | June 30, 2024 (Unaudited) |
Issuer-Description | SHARES | VALUE | |
Capital One Financial Corp. | 144,190 | $ 19,963,106 | |
73,223,290 | |||
Food, Beverage & Tobacco — 2.1% | |||
Beverages — 2.1% | |||
Coca-Cola Icecek AS | 1,035,379 | 26,189,852 | |
26,189,852 | |||
Insurance — 2.4% | |||
Insurance — 2.4% | |||
NN Group NV | 636,830 | 29,633,482 | |
29,633,482 | |||
Materials — 7.2% | |||
Chemicals — 2.3% | |||
OCI NV | 1,191,376 | 29,077,868 | |
Metals & Mining — 4.9% | |||
Freeport-McMoRan, Inc. | 853,306 | 41,470,671 | |
Mineral Resources Ltd. | 549,665 | 19,771,463 | |
90,320,002 | |||
Media & Entertainment — 13.6% | |||
Interactive Media & Services — 13.6% | |||
Alphabet, Inc. Class A | 369,578 | 67,318,633 | |
Meta Platforms, Inc. Class A | 154,324 | 77,813,247 | |
Tencent Holdings Ltd. | 537,813 | 25,647,366 | |
170,779,246 | |||
Pharmaceuticals, Biotechnology & Life Sciences — 2.5% | |||
Pharmaceuticals — 2.5% | |||
Pfizer, Inc. | 527,359 | 14,755,505 | |
Roche Holding AG | 61,299 | 17,022,762 | |
31,778,267 | |||
Semiconductors & Semiconductor Equipment — 3.7% | |||
Semiconductors & Semiconductor Equipment — 3.7% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 1,577,114 | 46,961,211 | |
46,961,211 | |||
Software & Services — 3.1% | |||
Software — 3.1% | |||
SAP SE | 193,826 | 39,340,191 | |
39,340,191 | |||
Technology Hardware & Equipment — 5.0% | |||
Technology Hardware, Storage & Peripherals — 5.0% | |||
Samsung Electronics Co. Ltd. | 1,069,122 | 63,300,721 | |
63,300,721 | |||
Telecommunication Services — 6.5% | |||
Diversified Telecommunication Services — 6.5% | |||
AT&T, Inc. | 1,513,844 | 28,929,559 | |
a | Converge Information & Communications Technology Solutions, Inc. | 53,806,615 | 10,557,697 |
Deutsche Telekom AG | 955,691 | 24,031,727 | |
a | Zegona Communications plc | 5,429,333 | 18,118,892 |
81,637,875 | |||
Total Common Stock (Cost $772,047,716) | 1,222,691,121 | ||
Short-Term Investments — 3.0% | |||
b | Thornburg Capital Management Fund | 3,838,629 | 38,386,292 |
Total Short-Term Investments (Cost $38,386,292) | 38,386,292 | ||
Total Investments — 100.1% (Cost $810,434,008) | $1,261,077,413 | ||
Liabilities Net of Other Assets — (0.1)% | (1,443,519) |
Thornburg Global Opportunities Fund | June 30, 2024 (Unaudited) |
Issuer-Description | SHARES | VALUE | |
Net Assets — 100.0% | $1,259,633,894 |
Outstanding Forward Currency Contracts To Buy Or Sell At June 30, 2024 | |||||||
Contract Description | Contract Party* | Buy/Sell | Contract Amount | Contract Value Date | Value USD | Unrealized Appreciation | Unrealized Depreciation |
Euro | BBH | Sell | 74,367,000 | 9/20/2024 | 79,948,173 | $ 136,162 | $ — |
Euro | SSB | Sell | 74,367,000 | 9/20/2024 | 79,948,173 | 156,315 | — |
Great Britain Pound | SSB | Sell | 16,085,100 | 9/20/2024 | 20,345,060 | 82,406 | — |
Total | $374,883 | — | |||||
Net unrealized appreciation (depreciation) | $374,883 |
* | Counterparties include State Street Bank and Trust Company (“SSB”) and Brown Brothers Harriman & Co. (“BBH”). |
Footnote Legend | |
a | Non-income producing. |
b | Investment in Affiliates. |
ADR | American Depositary Receipt |
Thornburg Global Opportunities Fund | June 30, 2024 (Unaudited) |
Thornburg Global Opportunities Fund | June 30, 2024 (Unaudited) |
Market Value 9/30/23 | Purchases at Cost | Sales Proceeds | Realized Gain (Loss) | Change in Unrealized Appr./(Depr.) | Market Value 6/30/24 | Dividend Income | |
Thornburg Capital Mgmt. Fund | $28,657,059 | $197,430,249 | $(187,701,016) | $- | $- | $38,386,292 | $1,415,386 |