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Mutual Funds Weekly Roundup: August 2
Brian Mathews
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The fund pursues its investment goals by investing in a broad range of income producing securities, primarily including stocks and bonds. It will under normal conditions invest at least 80% of its assets in income-producing securities, and at least 50% of its assets in common stocks.
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| Period | TIBCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -4.7% | -9.3% | 0.4% | 58.59% |
| 1 Yr | 1.7% | -9.1% | 5.0% | 31.18% |
| 3 Yr | 2.0%* | -4.9% | 4.6% | 18.92% |
| 5 Yr | -0.1%* | -4.9% | 3.8% | 35.59% |
| 10 Yr | 2.0%* | -1.6% | 5.3% | 72.22% |
* Annualized
| Period | TIBCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 12.7% | 1.3% | 18.1% | 48.39% |
| 2018 | -8.7% | -25.7% | -7.6% | 10.59% |
| 2017 | 9.9% | 5.7% | 18.2% | 47.30% |
| 2016 | 5.2% | -7.7% | 19.0% | 40.85% |
| 2015 | -9.1% | -21.2% | 0.0% | 51.67% |
| Period | TIBCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -4.7% | -9.3% | 0.4% | 58.59% |
| 1 Yr | 1.7% | -9.1% | 5.0% | 31.18% |
| 3 Yr | 2.0%* | -3.7% | 5.2% | 37.84% |
| 5 Yr | -0.1%* | -3.1% | 4.6% | 55.93% |
| 10 Yr | 2.0%* | 0.6% | 7.0% | 91.67% |
* Annualized
| Period | TIBCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 12.7% | 1.3% | 18.1% | 48.39% |
| 2018 | -8.7% | -25.7% | -6.3% | 22.35% |
| 2017 | 9.9% | 8.5% | 21.5% | 75.68% |
| 2016 | 5.2% | 1.4% | 19.8% | 60.56% |
| 2015 | -9.1% | -20.2% | 0.6% | 63.33% |
| TIBCX | Category Low | Category High | TIBCX % Rank | |
|---|---|---|---|---|
| Net Assets | 14.4 B | 2.99 M | 49.6 B | 11.88% |
| Number of Holdings | 162 | 3 | 761 | 49.45% |
| Net Assets in Top 10 | 4.8 B | 0 | 12.2 B | 13.19% |
| Weighting of Top 10 | 32.58% | 0.0% | 99.6% | 38.20% |
| Weighting | Return Low | Return High | TIBCX % Rank | |
|---|---|---|---|---|
| Stocks | 88.74% | 0.00% | 259.02% | 23.00% |
| Bonds | 7.26% | -235.37% | 19.68% | 54.00% |
| Cash | 3.31% | 0.00% | 80.09% | 81.32% |
| Preferred Stocks | 0.38% | 0.00% | 2.12% | 16.48% |
| Convertible Bonds | 0.30% | 0.00% | 0.30% | 5.49% |
| Other | 0.00% | 0.00% | 19.91% | 80.22% |
| Weighting | Return Low | Return High | TIBCX % Rank | |
|---|---|---|---|---|
| Financial Services | 19.20% | 0.00% | 27.48% | 24.72% |
| Communication Services | 15.47% | 0.00% | 24.08% | 14.61% |
| Energy | 12.76% | 0.01% | 51.36% | 31.46% |
| Technology | 12.10% | 0.08% | 23.46% | 50.56% |
| Healthcare | 11.88% | 0.00% | 17.48% | 26.97% |
| Real Estate | 7.39% | 0.00% | 50.28% | 34.83% |
| Basic Materials | 5.41% | 1.16% | 36.84% | 61.80% |
| Consumer Cyclical | 5.00% | 1.11% | 24.34% | 59.55% |
| Utilities | 4.76% | 0.00% | 11.34% | 33.71% |
| Industrials | 3.88% | 3.80% | 29.81% | 87.64% |
| Consumer Defense | 2.16% | 0.01% | 12.65% | 79.78% |
| Weighting | Return Low | Return High | TIBCX % Rank | |
|---|---|---|---|---|
| Non US | 52.66% | 0.00% | 59.80% | 17.58% |
| US | 36.08% | -0.17% | 65.72% | 57.14% |
| Weighting | Return Low | Return High | TIBCX % Rank | |
|---|---|---|---|---|
| Corporate | 68.79% | 0.00% | 84.67% | 17.58% |
| Cash & Equivalents | 29.42% | 0.00% | 100.00% | 74.73% |
| Securitized | 1.30% | 0.00% | 28.39% | 29.67% |
| Government | 0.33% | 0.00% | 50.41% | 81.32% |
| Municipal | 0.16% | 0.00% | 0.16% | 5.49% |
| Derivative | 0.00% | 0.00% | 18.46% | 59.34% |
| Weighting | Return Low | Return High | TIBCX % Rank | |
|---|---|---|---|---|
| US | 4.58% | -0.92% | 58.00% | 54.95% |
| Non US | 2.68% | -54.45% | 19.23% | 38.46% |
| TIBCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.87% | 0.22% | 7.11% | 17.71% |
| Management Fee | 0.69% | 0.00% | 1.60% | 28.71% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 88.71% |
| Administrative Fee | 0.10% | 0.04% | 0.25% | 30.77% |
| TIBCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.75% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 1.00% | 46.67% |
| TIBCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
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.
| TIBCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 43.69% | 0.00% | 268.00% | 45.83% |
| TIBCX | Category Low | Category High | TIBCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.72% | 0.00% | 10.14% | 18.81% |
| TIBCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Quarterly |
| TIBCX | Category Low | Category High | TIBCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.60% | -1.06% | 4.76% | 7.29% |
| TIBCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
| Date | Amount |
|---|---|
| Mar 22, 2019 | $0.155 |
| Dec 26, 2018 | $0.239 |
| Sep 21, 2018 | $0.199 |
| Jun 22, 2018 | $0.160 |
| Mar 23, 2018 | $0.143 |
| Dec 27, 2017 | $0.255 |
| Sep 22, 2017 | $0.222 |
| Jun 23, 2017 | $0.163 |
| Mar 24, 2017 | $0.137 |
| Dec 23, 2016 | $0.181 |
| Sep 26, 2016 | $0.159 |
| Jun 24, 2016 | $0.151 |
| Mar 24, 2016 | $0.140 |
| Dec 24, 2015 | $0.218 |
| Sep 24, 2015 | $0.163 |
| Jun 24, 2015 | $0.160 |
| Mar 25, 2015 | $0.129 |
| Dec 24, 2014 | $0.222 |
| Sep 24, 2014 | $0.232 |
| Jun 24, 2014 | $0.200 |
| Mar 25, 2014 | $0.190 |
| Dec 24, 2013 | $0.207 |
| Sep 24, 2013 | $0.215 |
| Jun 24, 2013 | $0.216 |
| Mar 22, 2013 | $0.182 |
| Dec 24, 2012 | $0.327 |
| Sep 24, 2012 | $0.253 |
| Jun 25, 2012 | $0.229 |
| Mar 26, 2012 | $0.185 |
| Dec 23, 2011 | $0.345 |
| Sep 26, 2011 | $0.289 |
| Jun 24, 2011 | $0.225 |
| Mar 25, 2011 | $0.177 |
| Dec 27, 2010 | $0.330 |
| Sep 24, 2010 | $0.293 |
| Jun 25, 2010 | $0.221 |
| Mar 26, 2010 | $0.169 |
| Dec 24, 2009 | $0.318 |
| Sep 25, 2009 | $0.254 |
| Jun 26, 2009 | $0.221 |
| Mar 26, 2009 | $0.164 |
| Dec 26, 2008 | $0.348 |
| Sep 26, 2008 | $0.231 |
| Jun 26, 2008 | $0.185 |
| Mar 26, 2008 | $0.145 |
| Dec 26, 2007 | $0.330 |
| Sep 26, 2007 | $0.181 |
| Jun 26, 2007 | $0.151 |
| Mar 26, 2007 | $0.112 |
| Dec 26, 2006 | $0.123 |
| Nov 30, 2006 | $0.090 |
| Sep 29, 2006 | $0.059 |
| Jun 30, 2006 | $0.135 |
| Mar 31, 2006 | $0.102 |
| Dec 30, 2005 | $0.109 |
| Sep 30, 2005 | $0.058 |
| Jun 30, 2005 | $0.042 |
| Mar 31, 2005 | $0.091 |
| Dec 31, 2004 | $0.202 |
| Sep 30, 2004 | $0.136 |
| Jun 30, 2004 | $0.039 |
| Mar 31, 2004 | $0.364 |
| Feb 27, 2004 | $0.026 |
| Jan 30, 2004 | $0.028 |
| Dec 31, 2003 | $0.076 |
| Nov 28, 2003 | $0.046 |
| Oct 31, 2003 | $0.038 |
| Sep 30, 2003 | $0.036 |
| Aug 29, 2003 | $0.035 |
| Jul 31, 2003 | $0.033 |
| Jun 30, 2003 | $0.029 |
| May 30, 2003 | $0.035 |
| Apr 30, 2003 | $0.031 |
| Mar 31, 2003 | $0.034 |
| Feb 28, 2003 | $0.028 |
| Jan 31, 2003 | $0.021 |
Start Date
Tenure
Tenure Rank
Dec 24, 2002
17.12
17.1%
Brian McMahon is chief investment strategist for Thornburg Investment Management. Brian is deeply respected for his market and investment insight and serves as a key voice for the investment team and Thornburg clients. He also co-manages Thornburg’s global equity portfolios. Brian joined Thornburg in 1984 as chief investment officer, a role he held until 2019. 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 portfolios. Brian holds an MBA from Tuck School of Business at Dartmouth College 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.
Start Date
Tenure
Tenure Rank
Feb 01, 2007
13.01
13.0%
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 multiple strategies. He joined the firm in 2006, was made portfolio manager and managing director in 2007, and president and CEO in 2016. 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. 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.
Start Date
Tenure
Tenure Rank
Feb 01, 2013
7.0
7.0%
Ben Kirby is head of investments for Thornburg Investment Management. He is responsible for driving the investment process at the firm level. Ben is also a portfolio manager on multiple strategies. He joined Thornburg in 2008 as equity research analyst, was promoted to associate portfolio manager in 2011, and was named portfolio manager and managing director 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.
Start Date
Tenure
Tenure Rank
Feb 01, 2019
1.0
1.0%
Matt Burdett is portfolio manager for Thornburg Investment Management. He rejoined the firm in 2015 as an associate portfolio manager and was promoted to portfolio manager in 2018. Matt spent several years as a senior vice president and portfolio manager at PIMCO, where he co-managed various dividend-oriented strategies. Prior to his time at PIMCO, Matt worked as an equity analyst at Thornburg. Matt was director of healthcare investment banking at CIBC World Markets / Oppenheimer prior to joining Thornburg in 2010. Earlier in his career, he was a medicinal chemist at Sunesis Pharmaceuticals. Matt holds an MBA from the Marshall School of Business at the University of Southern California and a bachelor’s degree in chemistry from the University of California, Berkeley.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 17.12 | 5.58 | 7.5 |
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