Thornburg Better World International Fund Reports Q1 2026 Performance
Thornburg Better World International Fund Q1 2026 Commentary
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In Q1 2026, the Thornburg Better World International Fund experienced a return of -3.56%, underperforming the MSCI ACWI ex-U.S. Index by 285 basis points, influenced by U.S. monetary policy changes and geopolitical risks.
- 01The Thornburg Better World International Fund returned -3.56% in Q1 2026.
- 02This performance lagged behind the MSCI ACWI ex-U.S. Index by 285 basis points.
- 03Key contributors to performance included Utilities, Financials, and Consumer Staples.
- 04Negative impacts came from stock selection in Industrials and a zero allocation to Energy.
- 05The fund employs ESG criteria to identify undervalued businesses.
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In the first quarter of 2026, international equities faced challenges, primarily due to shifts in U.S. monetary policy and ongoing geopolitical tensions. The Thornburg Better World International Fund's I share class reported a return of -3.56%, which was 285 basis points lower than the MSCI ACWI ex-U.S. Index. Positive contributions came from allocations in Utilities, Financials, and Consumer Staples, while stock selection in Industrials and a lack of investment in Energy negatively impacted returns. The fund integrates Environmental, Social, and Governance (ESG) factors into its investment strategy to uncover mispriced opportunities and enhance earnings stability.
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