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Thornburg Investment Income Builder Fund
mutual fund
TIBIX
Payout Change
Pending
Price as of:
$25.8
+0.15
+0.58%
primary theme
N/A
share class
TIBIX (Mutual Fund)
Thornburg Investment Income Builder Fund
Payout Change
Pending
Price as of:
$25.8
+0.15
+0.58%
primary theme
N/A
share class
TIBIX (Mutual Fund)
Thornburg Investment Income Builder Fund
Payout Change
Pending
Price as of:
$25.8
+0.15
+0.58%
primary theme
N/A
share class
Name
As of 12/24/2024Price
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
Vitals
YTD Return
11.7%
1 yr return
13.9%
3 Yr Avg Return
7.5%
5 Yr Avg Return
8.0%
Net Assets
$12.3 B
Holdings in Top 10
39.1%
52 WEEK LOW AND HIGH
$25.7
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 12/24/2024Price
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
TIBIX - Profile
Distributions
- YTD Total Return 11.7%
- 3 Yr Annualized Total Return 7.5%
- 5 Yr Annualized Total Return 8.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.54%
- Dividend Yield 4.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameThornburg Investment Income Builder Fund
-
Fund Family NameThornburg
-
Inception DateNov 14, 2003
-
Shares Outstanding263395620
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian McMahon
TIBIX - Performance
Return Ranking - Trailing
| Period | TIBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.7% | -23.7% | 16.4% | 39.91% |
| 1 Yr | 13.9% | -8.9% | 48.3% | 17.38% |
| 3 Yr | 7.5%* | -2.2% | 16.4% | 22.49% |
| 5 Yr | 8.0%* | -0.7% | 13.4% | 12.62% |
| 10 Yr | 7.1%* | 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 | 11.7% | -23.7% | 16.4% | 39.48% |
| 1 Yr | 13.9% | -12.8% | 48.3% | 17.37% |
| 3 Yr | 7.5%* | -3.4% | 16.4% | 19.00% |
| 5 Yr | 8.0%* | -1.1% | 13.4% | 11.90% |
| 10 Yr | 7.1%* | 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 | 346 | 2 | 10961 | 48.64% |
| Net Assets in Top 10 | 5.45 B | -31.7 M | 22 B | 11.48% |
| Weighting of Top 10 | 39.11% | 10.8% | 100.0% | 43.02% |
Top 10 Holdings
- Orange SA 5.58%
- Thornburg Capital Management Fund 4.91%
- Broadcom Inc 4.42%
- Taiwan Semiconductor Manufacturing Co Ltd 3.94%
- TotalEnergies SE 3.86%
- ATT Inc 3.70%
- NN Group NV 3.34%
- Enel SpA 3.27%
- BNP Paribas SA 3.23%
- Tesco PLC 2.86%
Asset Allocation
| Weighting | Return Low | Return High | TIBIX % Rank | |
|---|---|---|---|---|
| Stocks | 89.06% | -45.72% | 98.42% | 2.71% |
| Bonds | 9.44% | -39.76% | 93.84% | 82.05% |
| Other | 1.12% | -1.25% | 197.12% | 95.20% |
| Convertible Bonds | 0.41% | 0.00% | 25.49% | 41.54% |
| Cash | 0.30% | -97.12% | 185.58% | 78.08% |
| 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 | 56.18% | -46.69% | 57.06% | 2.92% |
| US | 32.88% | -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 | 0.03% | 0.10% | 100.00% | 60.75% |
| Municipal | 0.00% | 0.00% | 31.28% | 91.02% |
| Derivative | -0.05% | 0.00% | 41.88% | 93.32% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TIBIX % Rank | |
|---|---|---|---|---|
| US | 9.44% | -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 | 4.84% | 0.00% | 10.92% | 90.85% |
Dividend Distribution Analysis
| TIBIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | 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
| Date | Amount | Type |
|---|---|---|
| Nov 21, 2024 | $0.055 | CapitalGainShortTerm |
| Nov 21, 2024 | $0.166 | CapitalGainLongTerm |
| Sep 19, 2024 | $0.308 | OrdinaryDividend |
| Mar 21, 2024 | $0.240 | OrdinaryDividend |
| Dec 26, 2023 | $0.384 | OrdinaryDividend |
| Sep 14, 2023 | $0.305 | OrdinaryDividend |
| Jun 15, 2023 | $0.265 | OrdinaryDividend |
| Mar 16, 2023 | $0.223 | OrdinaryDividend |
| Dec 27, 2022 | $0.405 | OrdinaryDividend |
| Sep 15, 2022 | $0.305 | OrdinaryDividend |
| Jun 16, 2022 | $0.266 | OrdinaryDividend |
| Mar 17, 2022 | $0.214 | OrdinaryDividend |
| Dec 30, 2021 | $0.066 | OrdinaryDividend |
| Dec 27, 2021 | $0.388 | OrdinaryDividend |
| Sep 16, 2021 | $0.329 | OrdinaryDividend |
| Jun 17, 2021 | $0.290 | OrdinaryDividend |
| Mar 18, 2021 | $0.237 | OrdinaryDividend |
| Dec 28, 2020 | $0.303 | OrdinaryDividend |
| Sep 17, 2020 | $0.222 | OrdinaryDividend |
| Jun 18, 2020 | $0.201 | OrdinaryDividend |
| Mar 19, 2020 | $0.203 | OrdinaryDividend |
| Dec 27, 2019 | $0.317 | OrdinaryDividend |
| Sep 20, 2019 | $0.264 | OrdinaryDividend |
| Nov 17, 2006 | $0.194 | CapitalGainShortTerm |
| Nov 17, 2006 | $0.319 | CapitalGainLongTerm |
| Mar 30, 2006 | $0.003 | CapitalGainLongTerm |
| Nov 17, 2005 | $0.048 | CapitalGainShortTerm |
| Nov 17, 2005 | $0.285 | CapitalGainLongTerm |
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 |
