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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Thornburg Investment Income Builder Fund

TIBIX | Fund

$25.84

$12.3 B

4.76%

$1.23

0.92%

Vitals

YTD Return

10.9%

1 yr return

17.8%

3 Yr Avg Return

7.7%

5 Yr Avg Return

8.3%

Net Assets

$12.3 B

Holdings in Top 10

36.3%

52 WEEK LOW AND HIGH

$26.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.92%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Thornburg Investment Income Builder Fund

TIBIX | Fund

$25.84

$12.3 B

4.76%

$1.23

0.92%

TIBIX - Profile

Distributions

  • YTD Total Return 10.9%
  • 3 Yr Annualized Total Return 7.7%
  • 5 Yr Annualized Total Return 8.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.54%
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Thornburg Investment Income Builder Fund
  • Fund Family Name
    Thornburg
  • Inception Date
    Nov 14, 2003
  • Shares Outstanding
    263395620
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brian McMahon

TIBIX - Performance

Return Ranking - Trailing

Period TIBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.9% -23.7% 16.4% 39.91%
1 Yr 17.8% -8.9% 48.3% 17.38%
3 Yr 7.7%* -2.2% 16.4% 22.49%
5 Yr 8.3%* -0.7% 13.4% 12.62%
10 Yr 6.8%* 0.9% 11.8% 9.19%

* Annualized

Return Ranking - Calendar

Period TIBIX Return Category Return Low Category Return High Rank in Category (%)
2023 12.3% -40.8% 20.6% 7.98%
2022 -12.9% -21.0% 24.5% 88.61%
2021 13.9% -24.2% 27.8% 51.64%
2020 -5.1% -23.1% 11.7% 18.16%
2019 12.7% -100.0% 20.6% 49.86%

Total Return Ranking - Trailing

Period TIBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.9% -23.7% 16.4% 39.48%
1 Yr 17.8% -12.8% 48.3% 17.37%
3 Yr 7.7%* -3.4% 16.4% 19.00%
5 Yr 8.3%* -1.1% 13.4% 11.90%
10 Yr 6.8%* 0.9% 11.8% 8.29%

* Annualized

Total Return Ranking - Calendar

Period TIBIX Return Category Return Low Category Return High Rank in Category (%)
2023 18.2% -40.8% 20.6% 7.98%
2022 -8.0% -21.0% 24.5% 88.61%
2021 20.3% -24.2% 27.8% 52.80%
2020 -0.4% -23.1% 11.7% 38.96%
2019 18.0% -2.9% 23.1% 75.48%

NAV & Total Return History

TIBIX - Holdings

Concentration Analysis

TIBIX Category Low Category High TIBIX % Rank
Net Assets 12.3 B 1.12 M 110 B 12.10%
Number of Holdings 351 2 10961 48.64%
Net Assets in Top 10 4.77 B -31.7 M 22 B 11.48%
Weighting of Top 10 36.31% 10.8% 100.0% 43.02%

Top 10 Holdings

  1. Orange SA 4.52%
  2. Broadcom Inc 4.36%
  3. Taiwan Semiconductor Manufacturing Co Ltd 4.21%
  4. TotalEnergies SE 4.20%
  5. NN Group NV 3.45%
  6. Thornburg Capital Management Fund 3.45%
  7. ATT Inc 3.20%
  8. BNP Paribas SA 3.19%
  9. Citigroup Inc 2.87%
  10. Enel SpA 2.87%

Asset Allocation

Weighting Return Low Return High TIBIX % Rank
Stocks 		88.03% -45.72% 98.42% 2.71%
Bonds 		9.35% -39.76% 93.84% 82.05%
Other 		1.39% -1.25% 197.12% 95.20%
Cash 		1.15% -97.12% 185.58% 78.08%
Convertible Bonds 		0.41% 0.00% 25.49% 41.54%
Preferred Stocks 		0.08% -0.03% 14.00% 31.32%

Stock Sector Breakdown

Weighting Return Low Return High TIBIX % Rank
Financial Services 		23.89% 0.00% 30.34% 6.16%
Technology 		15.50% 0.00% 39.48% 49.89%
Healthcare 		14.93% 0.00% 30.30% 9.13%
Communication Services 		13.07% 0.00% 28.59% 1.70%
Utilities 		7.02% 0.00% 40.29% 26.96%
Basic Materials 		6.46% 0.00% 60.23% 43.95%
Energy 		5.94% 0.00% 38.61% 51.59%
Consumer Defense 		3.61% 0.00% 31.85% 77.28%
Consumer Cyclical 		3.61% 0.00% 20.84% 79.19%
Industrials 		3.12% 0.09% 32.39% 98.09%
Real Estate 		2.86% 0.00% 90.14% 63.06%

Stock Geographic Breakdown

Weighting Return Low Return High TIBIX % Rank
Non US 		56.96% -46.69% 57.06% 2.92%
US 		31.07% -4.82% 95.75% 52.82%

Bond Sector Breakdown

Weighting Return Low Return High TIBIX % Rank
Corporate 		48.28% 0.00% 99.90% 19.21%
Securitized 		27.14% 0.00% 83.28% 6.05%
Government 		0.52% 0.00% 98.64% 87.27%
Cash & Equivalents 		0.38% 0.10% 100.00% 60.75%
Derivative 		0.05% 0.00% 41.88% 93.32%
Municipal 		0.00% 0.00% 31.28% 91.02%

Bond Geographic Breakdown

Weighting Return Low Return High TIBIX % Rank
US 		9.35% -177.12% 87.76% 74.11%
Non US 		0.00% -39.00% 137.36% 69.73%

TIBIX - Expenses

Operational Fees

TIBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.92% 0.16% 2.71% 60.96%
Management Fee 0.70% 0.00% 1.70% 55.46%
12b-1 Fee N/A 0.00% 1.00% 14.51%
Administrative Fee 0.10% 0.01% 0.70% 57.89%

Sales Fees

TIBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

TIBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 100.00%

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 Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 441.00% 36.39%

TIBIX - Distributions

Dividend Yield Analysis

TIBIX Category Low Category High TIBIX % Rank
Dividend Yield 4.76% 0.00% 10.92% 90.85%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

TIBIX Category Low Category High TIBIX % Rank
Net Income Ratio 5.54% -5.20% 6.33% 1.53%

Capital Gain Distribution Analysis

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

Distributions History

View More +

TIBIX - Fund Manager Analysis

Managers

Brian McMahon

Start Date

Tenure

Tenure Rank

Dec 24, 2002

19.45

19.5%

Brian McMahon Vice Chairman and Chief Investment Strategist 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 and serves as vice chairman of Thornburg. 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 econom¬ics and Russian studies from the University of Virginia. After receiving his MBA, Brian joined Norwest Bank in 1979, and held various corporate finance positions.

Jason Brady

Start Date

Tenure

Tenure Rank

Feb 01, 2007

15.34

15.3%

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 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.

Ben Kirby

Start Date

Tenure

Tenure Rank

Feb 01, 2013

9.33

9.3%

Ben Kirby, CFA Co-Head of Investments and Managing Director Ben Kirby is co-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.

Matt Burdett

Start Date

Tenure

Tenure Rank

Feb 01, 2019

3.33

3.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 30.27 6.52 9.25

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