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TIBIX Thornburg Investment Income Builder I

  • Fund
  • TIBIX
  • Price as of: Aug 08, 2016
  • $20.05
  • + $0.04
  • + 0.20%
  • Category
  • Global Allocation

TIBIX - Profile

Vitals

  • YTD Return 5.0%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 6.1%
  • Net Assets $16.5 B
  • Holdings in Top 10 25.8%

52 WEEK LOW AND HIGH

$20.05
$17.22
$20.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 47.71%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$2,500,000

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.35%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Thornburg Investment Income Builder Fund
  • Fund Family Name Thornburg
  • Inception Date Nov 03, 2003
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Jason Brady

TIBIX - Performance

Return Ranking - Trailing

Period TIBIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.0% -25.7% 214.9% 36.74% 2
1 Yr -3.3% -35.4% 9.7% 75.69% 4
3 Yr 4.5% * -6.9% 8.9% 26.36% 2
5 Yr 6.1% * -6.2% 7.7% 16.89% 1
10 Yr 6.6% * 0.7% 7.5% 1.53% 1

* Annualized


Return Ranking - Calendar

Period TIBIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -9.1% -30.7% 2.5% 70.50% 4
2014 N/A -8.1% 1.8% N/A N/A
2013 N/A 7.6% 11.0% N/A N/A
2012 N/A 6.6% 8.7% N/A N/A
2011 N/A -6.7% -1.4% N/A N/A

Total Return Ranking - Trailing

Period TIBIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.0% -25.7% 214.9% 37.39% 3
1 Yr -3.3% -35.4% 9.7% 64.69% 4
3 Yr 4.5% * -7.5% 8.9% 21.19% 2
5 Yr 6.1% * -6.3% 7.7% 13.58% 1
10 Yr 6.6% * 0.7% 7.5% 1.53% 1

* Annualized


Total Return Ranking - Calendar

Period TIBIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -9.1% -30.7% 2.5% 70.57% 4
2014 N/A -7.7% 5.2% N/A N/A
2013 N/A 14.4% 16.1% N/A N/A
2012 N/A 9.9% 16.1% N/A N/A
2011 N/A -4.9% 3.7% N/A N/A

NAV & Total Return History

TIBIX - Holdings

Filings data as of: May 31, 2016

Concentration Analysis

TIBIX Category Low Category High TIBIX % Rank Quintile
Net Assets 16.5 B 774 K 103 B 1.06% 1
Number of Holdings 231 2 3900 9.09% 3
Net Assets in Top 10 4.31 B -3.84 B 22.1 B 1.48% 1
Weighting of Top 10 25.8% 0.0% 191.7% 19.24% 4

Top 10 Holdings

  1. JPMorgan Chase & Co 2.86%
  2. China Mobile Ltd 4.49%
  3. CME Group Inc Class A 2.48%
  4. Atlantia SpA 2.83%
  5. The Home Depot Inc 2.66%
  6. BT Group PLC 2.23%
  7. Roche Holding AG Dividend Right Cert. 2.22%
  8. Royal Dutch Shell PLC ADR Class A 2.11%
  9. Vodafone Group PLC 2.04%
  10. Koninklijke KPN NV 1.87%

Asset Allocation

Weighting Category Low Category High TIBIX % Rank Quintile
Stocks
85.63% -0.03% 95.90% 0.85% 1
Bonds
7.90% -162.60% 118.66% 24.74% 5
Other
3.56% -1.90% 33.13% 10.57% 2
Cash
2.19% -88.95% 243.96% 22.41% 5
Preferred Stocks
0.70% 0.00% 23.99% 4.86% 1
Convertible Bonds
0.00% 0.00% 46.29% 5.71% 3

Stock Sector Breakdown

Weighting Category Low Category High TIBIX % Rank Quintile
Communication Services
20.22% -0.71% 20.22% 0.22% 1
Financial Services
18.07% -1.55% 18.32% 0.44% 1
Healthcare
7.88% -2.40% 11.48% 3.99% 1
Industrials
7.50% 0.00% 14.09% 6.43% 2
Consumer Cyclical
6.70% 0.00% 14.57% 8.43% 2
Real Estate
6.65% -0.70% 33.20% 3.77% 1
Consumer Defense
6.42% -1.18% 19.04% 5.76% 2
Energy
4.55% -0.11% 26.46% 5.99% 2
Technology
3.83% -1.42% 21.31% 17.74% 4
Utilities
2.74% 0.00% 19.90% 3.99% 1
Basic Materials
1.05% -0.11% 19.84% 19.51% 5

Stock Geographic Breakdown

Weighting Category Low Category High TIBIX % Rank Quintile
Non US
51.57% -0.01% 88.58% 1.90% 1
US
34.06% -1.88% 61.85% 5.92% 2

Bond Sector Breakdown

Weighting Category Low Category High TIBIX % Rank Quintile
Corporate
7.89% 0.00% 65.74% 15.22% 3
Securitized
0.63% 0.00% 25.06% 12.68% 3
Cash & Equivalents
0.45% -89.02% 236.99% 24.10% 5
Government
0.08% -162.60% 93.78% 24.52% 5
Municipal
0.02% 0.00% 9.55% 6.55% 2
Derivative
0.00% -9.39% 16.51% 5.29% 2

Bond Geographic Breakdown

Weighting Category Low Category High TIBIX % Rank Quintile
US
4.58% -162.60% 94.74% 21.99% 5
Non US
3.32% 0.00% 69.16% 19.45% 4

TIBIX - Expenses

Operational Fees

TIBIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.85% 0.01% 19.72% 38.56% 1
Management Fee 0.69% 0.00% 1.70% 5.96% 3
12b-1 Fee 0.00% 0.00% 1.00% 6.42% 1
Administrative Fee 0.05% 0.00% 0.55% 7.14% 2

Sales Fees

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

Trading Fees

TIBIX Fees (% of AUM) Category Low Category High TIBIX 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.

TIBIX Fees (% of AUM) Category Low Category High TIBIX Rank Quintile
Turnover 47.71% 0.00% 607.00% 12.28% 2

TIBIX - Distributions

Dividend Yield Analysis

TIBIX Category Low Category High TIBIX % Rank Quintile
Dividend Yield 1.2% 0.00% 2.17% 5.96% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TIBIX Category Low Category High TIBIX % Rank Quintile
Net Income Ratio 4.35% -2.46% 7.59% 2.33% 1

Capital Gain Distribution Analysis

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

TIBIX - Managers

Jason Brady

Manager

Start Date

Feb 01, 2007

Tenure

9.5

Tenure Rank

1.3%

Jason Brady is president and CEO of Thornburg Investment Management. He is responsible for the company’s overall strategy and direction. He is also the head of the firm’s global fixed income investment team and a portfolio manager on several strategies, including Thornburg Investment Income Builder. Jason was named president and CEO effective January 1, 2016. He joined the firm in 2006 and was made portfolio manager and managing director in 2007. His book Income Investing: An Intelligent Approach to Profiting from Bonds, Stocks and Money Markets is a step-by-step guide to income investing. 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

13.61

Tenure Rank

0.5%

As chief investment officer, Brian McMahon is responsible for Thornburg Investment Management’s overall investment activity. He also co-manages Thornburg’s global equity portfolios. Brian served as president of the firm from 1997 to 2015 and CEO from 2008 to 2015 and was promoted to vice chairman in 2016. He managed Thornburg’s laddered bond portfolios from their inceptions from 1984 until 2000 and remains actively involved in securities analysis for various Thornburg managed portfolios. Brian holds an MBA from Dartmouth College’s Amos Tuck School and a BA in economics and Russian studies from the University of Virginia. After receiving his MBA, Brian joined Norwest Bank in 1979, and held various corporate finance positions before joining Thornburg Investment Management as chief investment officer in 1984.


Ben Kirby

Manager

Start Date

Feb 01, 2013

Tenure

3.5

Tenure Rank

5.6%

Ben Kirby is portfolio manager for Thornburg Investment Management. He joined Thornburg in 2008 as equity research analyst, was promoted to associate portfolio manager in 2011, and was named portfolio manager in 2013. Ben holds a BA in computer science from Fort Lewis College and an MBA from Duke University’s Fuqua School of Business. Prior to graduate school, Ben was a software engineer at Pinnacle Business Systems in Oklahoma City, Oklahoma. He is a CFA charterholder.


Tenure Analysis

Category Low

0.0

Category High

27.5

Category Average

5.04

Category Mode

1.6