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TIBAX Thornburg Investment Income Builder A

  • Fund
  • TIBAX
  • Price as of: Nov 21, 2018
  • $20.75
  • + $0.09
  • + 0.44%
  • Category
  • Global Allocation

TIBAX - Profile

Vitals

  • YTD Return -5.4%
  • 3 Yr Annualized Return 5.8%
  • 5 Yr Annualized Return 4.3%
  • Net Assets $14.3 B
  • Holdings in Top 10 32.7%

52 WEEK LOW AND HIGH

$20.75
$20.39
$22.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.19%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 37.37%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

$2,000

Investment Themes

CATEGORY

Global Allocation
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return -5.4%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.52%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Thornburg Investment Income Builder Fund
  • Fund Family Name Thornburg
  • Inception Date Dec 24, 2002
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Jason Brady

TIBAX - Performance

Return Ranking - Trailing

Period TIBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -5.4% -25.7% 12.0% 42.37% 3
1 Yr 1.5% -35.4% 26.6% 23.18% 2
3 Yr 5.8% * -5.5% 9.0% 8.94% 1
5 Yr 4.3% * -3.8% 7.4% 15.47% 1
10 Yr 9.5% * -0.9% 10.0% 3.13% 1

* Annualized


Return Ranking - Calendar

Period TIBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 9.9% -30.2% 26.2% 36.14% 2
2016 5.3% -15.3% 210.7% 14.19% 1
2015 -9.1% -30.7% 8.5% 64.15% 4
2014 -0.2% -25.2% 14.2% 30.79% 2
2013 11.1% -12.0% 23.8% 21.45% 2

Total Return Ranking - Trailing

Period TIBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -5.4% -100.0% 12.0% 41.94% 3
1 Yr -3.1% -35.4% 40.9% 46.57% 3
3 Yr 4.2% * -5.7% 12.6% 25.60% 2
5 Yr 3.4% * -3.9% 6.6% 34.67% 2
10 Yr 9.0% * 1.3% 10.0% 5.80% 1

* Annualized


Total Return Ranking - Calendar

Period TIBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 9.9% -30.2% 26.2% 36.14% 2
2016 5.3% -11.9% 210.8% 23.72% 2
2015 -9.1% -29.2% 14.7% 87.03% 5
2014 -0.2% -13.1% 35.6% 80.92% 5
2013 11.1% -17.9% 49.2% 60.29% 4

NAV & Total Return History

TIBAX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

TIBAX Category Low Category High TIBAX % Rank Quintile
Net Assets 14.3 B 246 K 104 B 1.69% 1
Number of Holdings 175 2 3534 11.84% 3
Net Assets in Top 10 4.92 B -177 M 19.4 B 1.69% 1
Weighting of Top 10 32.7% 0.0% 1063.1% 18.39% 4

Top 10 Holdings

  1. JPMorgan Chase & Co 2.89%
  2. China Mobile Ltd 4.49%
  3. CME Group Inc Class A 3.99%
  4. Royal Dutch Shell PLC ADR Class A 3.67%
  5. Orange SA 3.16%
  6. Taiwan Semiconductor Manufacturing Co Ltd 2.73%
  7. Electricite de France SA 3.44%
  8. Thornburg Capital Management 3.02%
  9. Qualcomm Inc 2.54%
  10. Total SA 2.78%

Asset Allocation

Weighting Category Low Category High TIBAX % Rank Quintile
Stocks
86.74% -8.16% 259.24% 2.33% 1
Bonds
7.04% -234.98% 110.09% 25.16% 5
Cash
3.19% -106.19% 100.00% 19.87% 4
Other
2.31% -3.06% 101.91% 9.73% 2
Preferred Stocks
0.40% 0.00% 18.94% 6.13% 2
Convertible Bonds
0.32% 0.00% 6.67% 4.23% 1

Stock Sector Breakdown

Weighting Category Low Category High TIBAX % Rank Quintile
Financial Services
17.92% -1.55% 38.78% 1.10% 1
Communication Services
14.89% -0.71% 16.73% 0.44% 1
Energy
13.12% -0.11% 27.67% 2.20% 1
Technology
6.48% -1.42% 44.06% 16.74% 4
Real Estate
6.35% -1.41% 28.71% 4.85% 1
Healthcare
6.09% -3.89% 20.83% 9.69% 3
Consumer Defense
5.46% -1.18% 18.16% 6.83% 2
Industrials
4.77% -0.47% 18.57% 14.98% 3
Utilities
4.64% 0.00% 23.16% 2.42% 1
Consumer Cyclical
3.95% -5.44% 25.93% 18.72% 4
Basic Materials
2.51% -0.11% 19.84% 15.20% 3

Stock Geographic Breakdown

Weighting Category Low Category High TIBAX % Rank Quintile
Non US
50.11% 0.00% 159.65% 2.96% 1
US
36.63% -33.60% 99.59% 6.34% 2

Bond Sector Breakdown

Weighting Category Low Category High TIBAX % Rank Quintile
Corporate
7.16% -0.19% 53.42% 16.70% 4
Cash & Equivalents
3.36% -111.76% 100.00% 18.39% 4
Securitized
0.30% 0.00% 27.68% 14.59% 3
Government
0.06% -242.10% 110.09% 24.95% 5
Municipal
0.02% 0.00% 9.55% 6.13% 2
Derivative
0.00% -21.56% 19.13% 5.07% 2

Bond Geographic Breakdown

Weighting Category Low Category High TIBAX % Rank Quintile
US
5.45% -262.85% 110.09% 21.56% 4
Non US
1.59% 0.00% 61.02% 24.10% 5

TIBAX - Expenses

Operational Fees

TIBAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.19% 0.01% 19.72% 32.63% 2
Management Fee 0.69% 0.00% 1.70% 5.53% 3
12b-1 Fee 0.25% 0.00% 1.00% 4.28% 1
Administrative Fee 0.10% 0.00% 0.55% 4.66% 3

Sales Fees

TIBAX Fees (% of AUM) Category Low Category High TIBAX Rank Quintile
Front Load 4.50% 0.15% 5.75% 5.83% 2
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

TIBAX Fees (% of AUM) Category Low Category High TIBAX Rank Quintile
Max Redemption Fee 1.00% 0.11% 2.00% 4.48% 1

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TIBAX Fees (% of AUM) Category Low Category High TIBAX Rank Quintile
Turnover 37.37% 0.00% 1837.00% 15.30% 2

TIBAX - Distributions

Dividend Yield Analysis

TIBAX Category Low Category High TIBAX % Rank Quintile
Dividend Yield 1.0% 0.00% 2.18% 7.66% 1

Dividend Distribution Analysis

TIBAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

TIBAX Category Low Category High TIBAX % Rank Quintile
Net Income Ratio 4.52% -1.83% 7.59% 2.54% 1

Capital Gain Distribution Analysis

TIBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

TIBAX - Managers

Jason Brady

Manager

Start Date

Feb 01, 2007

Tenure

11.75

Tenure Rank

1.4%

Jason Brady, cfa, the president of the Trust and the chief executive officer, president, and a managing director of Thornburg, has been one of the persons jointly and primarily responsible for management of the Fund since 2007. Jason holds a BA with honors in English and environmental biology from Dartmouth College, and an MBA with concentrations in analytical finance and accounting from Northwestern’s Kellogg Graduate School of Management. He is a CFA charterholder. Prior to joining Thornburg, Jason was a portfolio manager with Fortis Investments in Boston, and has held various positions at Fidelity Investments and Lehman Brothers.


Brian J. McMahon

Manager

Start Date

Dec 24, 2002

Tenure

15.86

Tenure Rank

0.5%

Brian J. McMahon, Vice Chairman and Chief Investment Officer, joined TIM in 1984 as Chief Investment Officer and was named President of TIM in 1997 and CEO in 2008. In 2016, Mr. McMahon was promoted to Vice Chairman. Prior to his time at TIM, he worked at Norwest Bank. He holds an M.B.A. from Dartmouth College’s Tuck School of Business and a B.A. in Economics and Russian Studies from the University of Virginia.


Ben Kirby

Manager

Start Date

Feb 01, 2013

Tenure

5.75

Tenure Rank

5.5%

Ben Kirby, cfa, a managing director of Thornburg Investment Management, Inc. Mr. Kirby joined Thornburg in 2008 as an equity research analyst, and was promoted to associate portfolio manager in 2011. Mr. Kirby holds an MBA from Duke University and a BA in computer science from Fort Lewis College. Prior to graduate school, Mr. Kirby was a software engineer at Pinnacle Business Systems in Oklahoma City, Oklahoma.


Tenure Analysis

Category Low

0.0

Category High

26.9

Category Average

5.62

Category Mode

0.5