Morningstar

Thornburg Investment Income Builder R5 TIBMX

Morningstar Medalist Rating
Medalist Rating as of | See Thornburg Investment Hub
  • NAV / 1-Day Return 26.74  /  −0.14 %
  • Total Assets 13.9 Bil
  • Adj. Expense Ratio
    1.030%
  • Expense Ratio 1.030%
  • Distribution Fee Level High
  • Share Class Type Retirement, Large
  • Category Global Allocation
  • Investment Style Large Value
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 4.38%
  • Turnover 25%

USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 10:28 PM GMT+0

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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Portfolio Holdings TIBMX

More TIBMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 38.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Orange SA

5.24 732.4 Mil
Communication Services

Thornburg Capital Management

5.09 711.5 Mil
—

Broadcom Inc

4.16 580.8 Mil
Technology

TotalEnergies SE

4.07 568.3 Mil
Energy

Taiwan Semiconductor Manufacturing Co Ltd

3.83 535.5 Mil
Technology

AT&T Inc

3.33 465.9 Mil
Communication Services

NN Group NV

3.27 456.8 Mil
Financial Services

BNP Paribas Act. Cat.A

3.26 455.0 Mil
Financial Services

Enel SpA

3.09 432.2 Mil
Utilities

Tesco PLC

2.76 385.7 Mil
Consumer Defensive

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