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Morningstar

Thornburg Small/Mid Cap Core A TVAFX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 62.94  /  0.18 %
  • Total Assets 570.0 Mil
  • Adj. Expense Ratio
    1.310%
  • Expense Ratio 1.310%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Mid-Cap Blend
  • Investment Style Small Blend
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 0.05%
  • Turnover 46%

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis TVAFX

Will TVAFX outperform in 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 TVAFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the TVAFX 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 TVAFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Weakness in Thornburg Small/Mid Cap Core A's People and Process Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers. The strategy changed its peer group last October, moving to the Mid-Cap Blend Morningstar Category from the Large Blend category.

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