Morningstar

Thornburg Investment Income Builder R5 TIBMX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Thornburg Investment Hub

Morningstar’s Analysis TIBMX

Will TIBMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TIBMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TIBMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TIBMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This strategy maintains its approach to high-yield investing despite a recent manager change.

Analyst Vedran Beogradlija

Vedran Beogradlija

Analyst

Summary

Thornburg Investment Income Builder lost another portfolio manager this year, following a slew of team turnover since 2020. The result is a team that is still well-suited to the task at hand, but stability is needed to increase confidence in this aggressive income strategy.

by Vedran Beogradlija
Rated on Published on

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