THMGX expense ratio history

Thornburg Emerging Markets Managed Account Fund, Class SMA

Fund company: Thornburg Investment
Type: Mutual fund

Expense ratio: 13.87%

In basis points: 1387 basis points
Yearly cost per $10,000: $1,387
Prospectus dated: 1 February 2025, filed with the SEC; rounded to 0.01%
Last change: Raised from 0.35% on 1 February 2025

Fee over time

Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

Date	Fee	What happened
1 Feb 2025	13.87%	In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2025	13.87%	Raised from 0.35% to 13.87%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2025-01-31
1 Feb 2024	0.35%	In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
3 Apr 2023	0.35%	In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-04-03 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 13.87% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

Amount invested ($)

Years

Yearly return (%)

Compare with

$9,560 in fees over 10 years

After fees, $10,000 grows to $3,802.

Fees paid on $10,000 at 5% a year
After	Fees paid
1 year	$1,422
3 years	$3,884
5 years	$5,913
10 years	$9,560

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 3 prospectuses for this share class since 2023. Each one is listed above with a link to the filing.

How we read fees

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