Unsubscribe

Confirm you would like to unsubscribe from this list

You have unsaved changes on the page. Would you like to save them?

Remove strategy

Confirm you would like to remove this strategy from your list
Investments
Capabilities
Insights
By Topic
By Media Type
Resources
About Us
Home Investments Mutual Funds Thornburg Investment Income Builder Fund TIBOX
Give Us a Call

Fund Operations
800.847.0200

FIND ANOTHER CONTACT

TIBOX

Thornburg Investment Income Builder Fund

Morningstar Rating  • Info

Overall Morningstar Rating among 171 Global Moderately Aggressive Allocation funds, based on risk-adjusted returns for class R6 shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 5 stars, 5 stars and 5 stars among 171, 168 and 141 funds, as of 31 Aug 2026.

As of 31 Aug 2026
Fund Assets
$23.2 B
As of 31 Aug 2026
NAV
$38.81
As of 17 Sep 2026
Change
$0.22
As of 17 Sep 2026
YTD NAV Performance
20.17%
As of 17 Sep 2026
Asset Category:
Multi-Asset
Fund Benchmark:
Investment Income Builder Blended Index

Portfolio Managers

Matt Burdett
Head of Equities, Portfolio Manager and Managing Director
Brian McMahon
Vice Chairman, Chief Investment Strategist, Portfolio Manager and Managing Director
Christian Hoffmann, CFA
Head of Fixed Income, Portfolio Manager and Managing Director
OverviewPerformanceFund FactsCharacteristicsPortfolioPortfolio ManagersLiterature

Globally Diversified Income

Cultivating the growth of dividends for almost two decades

The Investment Income Builder Fund has been able to deliver a consistent income stream to clients while continuing to grow their principal.

We believe that the power of dividends combined with our active approach can serve two goals:

  1. Help meet short-term funding needs, such as retirement income or foundation distributions.
  2. Contribute significantly to long-term growth to help make a future income stream last.

To learn more, download our client-approved brochure or continue to explore the rest of the page.

Download

Overview

Overview

Why Invest in This Fund?

 

  • Global, diversified multi-asset portfolio of income-producing stocks and bonds that seeks to deliver an attractive and growing income stream.
  • Proven bottom-up fundamental research process to identify dividend-paying companies with strong cash flows that have both the ability and willingness to pay and grow their dividends over time.
  • Highly active, flexible approach that allows us to go anywhere in the world to seek income.

Investment Objective

The fund’s goal is to provide investors with a level of current income which exceeds the average yield on U.S. stocks generally, and which will grow, subject to periodic fluctuations, over the years on a per share basis.

Investment Approach

The strategy is a multi-asset portfolio of global dividend-paying stocks selected via a bottom-up, fundamentals and valuation-sensitive process. The strategy seeks to generate an attractive and growing income stream, with capital appreciation over time by building a portfolio of companies that have the ability and willingness to generate cash flow and distribute dividends to its shareholders.

Related Content

Markets & Economy
Looking Beyond the Leaders: A Perspective on Global Equities
Markets & Economy
A Disinflationary Paradox of High Oil Prices
Risk Management
When Geopolitics Drive Volatility: An Active Approach to the Iran Conflict
Performance

Performance

Returns

(As of 30 Jun 2026)
Average Annual Return
YTD
1y
3y
5y
10y
Inception
Total Return (%)
16.23
33.02
25.05
16.15
12.46
10.91
Investment Income Builder Blended Index (%)
7.48
16.84
15.40
8.66
10.32
8.48
Morningstar Category Avg. (%)
10.12
19.63
15.53
8.02
9.51
—
Morningstar Quartile
—
1
1
1
1
—
Morningstar Quartile # of Funds
—
175
171
168
141
—
YTD
1y
3y
5y
10y
Inception
Total Return (%)
19.79
30.79
25.73
16.35
12.41
10.97
Investment Income Builder Blended Index (%)
9.73
15.61
16.00
8.37
10.18
8.51
Morningstar Category Avg. (%)
11.93
17.77
15.97
7.92
9.32
—
Morningstar Quartile
—
1
1
1
1
—
Morningstar Quartile # of Funds
—
175
171
168
141
—
YTD
1y
3y
5y
10y
Inception
Total Return (%)
16.23
33.02
95.54
111.42
223.64
1040.64
Investment Income Builder Blended Index (%)
7.48
16.84
53.67
51.46
166.93
577.62
YTD
1y
3y
5y
10y
Inception
Total Return (%)
19.79
30.79
98.78
113.25
222.03
1075.58
Investment Income Builder Blended Index (%)
9.73
15.61
56.09
49.44
163.65
591.78
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Return (%)
9.93
15.01
-4.31
18.08
-0.28
20.38
-7.91
18.24
13.44
37.01
Investment Income Builder Blended Index (%)
6.41
17.42
-6.42
22.87
14.41
15.64
-16.67
19.05
14.12
17.60

Source: Confluence

Periods less than one year are not annualized.

Thornburg Investment Income Builder Fund's Blended Index is composed of 25% Bloomberg U.S. Aggregate Total Return Value USD and 75% MSCI World Net Total Return USD Index, rebalanced monthly.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate so shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than quoted.

The maximum sales charge for the equity funds' A shares is 4.50%. C shares include a 1% contingent deferred sales charge (CDSC) for the first year only. There is no up-front sales charge for class I or R shares.

Morningstar quartile ranking for Global Moderately Aggressive Allocation category is based on total returns before sales charges.

Prior to inception of I and R share classes, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.

Share class inception dates: A shares, 24 Dec 2002; C shares, 24 Dec 2002; I shares, 3 Nov 2003; R3 shares, 1 Feb 2005; R4 shares, 1 Feb 2008; R5 shares, 1 Feb 2007; R6 shares, 10 Apr 2017.

Fund Fees

Fund Fees

(As of 1 Feb 2026)
Gross Expense Ratio (%)
0.85
Net Expense Ratio (%)
0.83

Expense Ratios - Expressed as a percentage of total fund assets and include management fees and operating costs. Expense ratios fluctuate over time and the expense ratio in the prospectus may differ from the actual expense ratio. The fund's total return includes the deduction of expenses.

For more detailed information on fund expenses, please see the fund's prospectus.

Hypothetical Growth of $10,000

Hypothetical Growth of $10,000

(As of 31 Aug 2026)
(Hypothetical Growth of $10,000 vs Investment Income Builder Blended Index)

The Hypothetical Growth graph compares a hypothetical investment in the Fund to the performance of the Index for the stated time period. Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.

Distributions

Distributions

(As of 17 Sep 2026)
Ex-Date
Payable Date
Total ($)
Income ($)
ST Cap Gains ($)
LT Cap Gains ($)
31 Mar 2017
31 Mar 2017
0
—
—
—
23 Jun 2017
30 Jun 2017
0.22121
0.22121
—
—
22 Sep 2017
30 Sep 2017
0.29198
0.29198
—
—
27 Dec 2017
31 Dec 2017
0.31763
0.31763
—
—
23 Mar 2018
31 Mar 2018
0.19908
0.19908
—
—
22 Jun 2018
30 Jun 2018
0.21881
0.21881
—
—
21 Sep 2018
30 Sep 2018
0.25829
0.25829
—
—
26 Dec 2018
31 Dec 2018
0.29891
0.29891
—
—
22 Mar 2019
31 Mar 2019
0.20632
0.20632
—
—
21 Jun 2019
30 Jun 2019
0.23359
0.23359
—
—
20 Sep 2019
30 Sep 2019
0.26767
0.26767
—
—
27 Dec 2019
31 Dec 2019
0.31966
0.31966
—
—
19 Mar 2020
31 Mar 2020
0.20509
0.20509
—
—
18 Jun 2020
30 Jun 2020
0.20811
0.20811
—
—
17 Sep 2020
30 Sep 2020
0.22832
0.22832
—
—
28 Dec 2020
31 Dec 2020
0.30977
0.30977
—
—
18 Mar 2021
31 Mar 2021
0.24145
0.24145
—
—
17 Jun 2021
30 Jun 2021
0.29456
0.29456
—
—
16 Sep 2021
30 Sep 2021
0.33036
0.33036
—
—
27 Dec 2021
31 Dec 2021
0.39303
0.39303
—
—
6 Jan 2022
31 Jan 2022
0.06548
0.06548
—
—
17 Mar 2022
31 Mar 2022
0.21712
0.21712
—
—
16 Jun 2022
30 Jun 2022
0.27011
0.27011
—
—
15 Sep 2022
30 Sep 2022
0.30915
0.30915
—
—
27 Dec 2022
31 Dec 2022
0.40881
0.40881
—
—
16 Mar 2023
31 Mar 2023
0.22578
0.22578
—
—
15 Jun 2023
30 Jun 2023
0.26922
0.26922
—
—
14 Sep 2023
30 Sep 2023
0.30790
0.30790
—
—
26 Dec 2023
31 Dec 2023
0.38778
0.38778
—
—
21 Mar 2024
31 Mar 2024
0.24326
0.24326
—
—
20 Jun 2024
30 Jun 2024
0.27656
0.27656
—
—
19 Sep 2024
30 Sep 2024
0.31245
0.31245
—
—
21 Nov 2024
21 Nov 2024
0.22099
—
0.05531
0.16568
26 Dec 2024
31 Dec 2024
0.42464
0.42464
—
—
20 Mar 2025
31 Mar 2025
0.24385
0.24385
—
—
17 Jun 2025
30 Jun 2025
0.27818
0.27818
—
—
18 Sep 2025
30 Sep 2025
0.34131
0.34131
—
—
20 Nov 2025
20 Nov 2025
0.66183
—
0.00000
0.66183
22 Dec 2025
31 Dec 2025
0.42796
0.42796
—
—
19 Mar 2026
31 Mar 2026
0.26184
0.26184
—
—
17 Jun 2026
30 Jun 2026
0.29321
0.29321
—
—
17 Sep 2026
30 Sep 2026
0.35567
0.35567
—
—
Fund Facts

Fund Facts

(As of 31 Aug 2026)
Net Fund Assets
$23.2 B
Benchmark
Investment Income Builder Blended Index
Morningstar Category
Global Moderately Aggressive Allocation
Fund Symbol
TIBOX
Share Class
R6
Share Class Inception Date
10 Apr 2017
Distribution Frequency
Quarterly
Characteristics

Characteristics

Portfolio

(As of 31 Aug 2026)
Portfolio
Benchmark
Number of Holdings
321
—
Weighted Average Market Cap
$336.3 B
$1,152.2 B
Median Market Cap
$65.2 B
$29.9 B
Annual Portfolio Turnover
28%
—
Price to Earnings - Forward 1YR
12.6x
19.2x
Dividend Yield
3.4%
1.4%
Price to Earnings - Trailing 12 Months
17.2x
26.4x
Price to Cash Flow
6.8x
16.3x
Price to Book Value
2.1x
4.1x
Portfolio
Benchmark
Active Share
92.5%
—
Effective Duration
3.8 Yrs
5.8 Yrs
Average Effective Maturity
6.5 Yrs
8.1 Yrs
Weighted Average Coupon
2.8%
3.8%
Yield to Worst
8.4%
5.0%
30-Day SEC Yield (Subsidized)
2.3%
—
30-Day SEC Yield (Unsubsidized)
2.3%
—
Distribution Yield - Trailing 12 Months
3.47%
—

Annual Portfolio Turnover reflects data as of the Fund’s fiscal year end (9/30).

Risk & Return Profile

Risk & Return Profile

(As of 31 Aug 2026)
3y
5y
10y
Annualized Alpha (%)
14.24
9.14
2.52
Beta
0.64
0.78
0.96
R-Squared (%)
47.63
67.26
72.78
Standard Deviation (%)
9.21
11.90
13.12
Sharpe Ratio
2.26
1.04
0.75
Information Ratio
1.24
1.06
0.29
Tracking Error (%)
7.58
7.32
6.87
Up Capture (%)
116.93
111.04
102.49
Down Capture (%)
50.34
69.11
89.07

Past performance does not guarantee future results.

Risk & Return Profile metrics are based on the I share class.

Portfolio

Portfolio

Top Holdings

(As of 31 Aug 2026)
Name
Ticker/Symbol
Sector
Weight %
Taiwan Semiconductor Manufacturing Co. Ltd.
2330
Information Technology
5.8
Orange S.A.
ORA
Communication Services
5.6
BNP Paribas S.A.
BNP
Financials
4.4
Samsung Electronics Co. Ltd.
005930
Information Technology
3.8
NN Group N.V.
NN
Financials
3.7
Citigroup, Inc.
C
Financials
3.7
AT&T, Inc.
T
Communication Services
3.5
TotalEnergies SE
TTE
Energy
3.0
Broadcom, Inc.
AVGO
Information Technology
2.8
Kimberly-Clark Corp.
KMB
Consumer Staples
2.7
Name
Ticker/Symbol
Sector
Weight %
Telefonica Emisiones S.A.
87938WAC7
Corporate Bond
0.4
The Bank of New York Mellon Corp.
064058AL4
Corporate Bond
0.2
CoBank ACB
19075QAC6
Corporate Bond
0.1
Deutsche Telekom International Finance BV
25156PAC7
Corporate Bond
0.1
Booz Allen Hamilton, Inc.
09951LAD5
Corporate Bond
0.1
Kinder Morgan, Inc.
49456BAG6
Corporate Bond
0.1
MFA 2026-NPL1, LLC
592929AA1
Asset Backed Securities
0.1
Fortiva Retail Credit Master Note Business Trust
34962AAZ5
Asset Backed Securities
0.1
Imagefirst Holdings, LLC
45249TAR3
Loan Participation
0.1
PRET 2026-NPL5, LLC
69384KAA4
Asset Backed Securities
0.1
Download Holdings

Portfolio holdings are subject to change daily.

Exposure Breakdown

Exposure Breakdown

(As of 31 Aug 2026)
Sector
Sector Allocation
Fund (%)
Benchmark (%)

Fund

Benchmark

0%
5%
10%
15%
20%
25%
30%
Financials
23.8
16.6
Communication Services
23.6
7.9
Information Technology
15.6
29.8
Energy
7.3
4.1
Health Care
7.3
9.3
Consumer Staples
6.6
4.9
Utilities
5.6
2.4
Industrials
4.5
11.1
Materials
3.0
3.5
Consumer Discretionary
2.4
8.8
Real Estate
0.0
1.6
Unassigned
0.1
—
Sector Allocation
Fund (%)
Financials
23.8
Communication Services
23.6
Information Technology
15.6
Energy
7.3
Health Care
7.3
Consumer Staples
6.6
Utilities
5.6
Industrials
4.5
Materials
3.0
Consumer Discretionary
2.4
Real Estate
0.0
Unassigned
0.1
Top 10 Industries
Fund (%)
Benchmark (%)

Fund

Benchmark

0%
5%
10%
15%
20%
25%
30%
Telecommunication Services
23.6
1.4
Banks
12.3
7.5
Semiconductors & Semiconductor Equipment
9.7
13.7
Insurance
8.3
2.8
Energy
7.3
4.1
Pharmaceuticals, Biotechnology & Life Sciences
6.4
6.7
Technology Hardware & Equipment
5.7
7.9
Utilities
5.6
2.4
Household & Personal Products
3.6
1.0
Financial Services
3.3
6.2
Top 10 Industries
Fund (%)
Telecommunication Services
23.6
Banks
12.3
Semiconductors & Semiconductor Equipment
9.7
Insurance
8.3
Energy
7.3
Pharmaceuticals, Biotechnology & Life Sciences
6.4
Technology Hardware & Equipment
5.7
Utilities
5.6
Household & Personal Products
3.6
Financial Services
3.3
Top 10 Countries
Fund (%)
Benchmark (%)
Region

Portfolio

Benchmark

0%
10%
20%
30%
40%
50%
60%
70%
80%
United States
26.3
77.6
North America
France
14.5
1.8
Europe ex UK
United Kingdom
12.3
2.9
UK
Netherlands
6.8
1.1
Europe ex UK
Taiwan
5.8
—
Asia Pacific ex Japan
Korea, Republic of (South Korea)
3.8
0.0
Asia Pacific ex Japan
Germany
3.6
1.7
Europe ex UK
Italy
3.6
0.6
Europe ex UK
Canada
2.7
2.9
North America
Spain
2.4
0.8
Europe ex UK
Top 10 Countries
Fund (%)
United States
26.3
France
14.5
United Kingdom
12.3
Netherlands
6.8
Taiwan
5.8
Korea, Republic of (South Korea)
3.8
Germany
3.6
Italy
3.6
Canada
2.7
Spain
2.4
Composition
Fund (%)
Benchmark (%)

Fund

Benchmark

0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Equity
87.4
75.0
Cash & Equivalents
7.0
—
Fixed Income
5.6
25.0
Composition
Fund (%)
Equity
87.4
Cash & Equivalents
7.0
Fixed Income
5.6
Capitalization
Fund (%)
Benchmark (%)

Fund

Benchmark

0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Large Cap (> $12 B)
94.6
98.8
Mid Cap ($2.5 to $12 B)
4.5
1.2
Small Cap (< $2.5 B)
0.8
—
Unassigned
0.0
—
Capitalization
Fund (%)
Large Cap (> $12 B)
94.6
Mid Cap ($2.5 to $12 B)
4.5
Small Cap (< $2.5 B)
0.8
Unassigned
0.0
Credit Quality
Fund (%)
Benchmark (%)

Fund

Benchmark

0%
10%
20%
30%
40%
50%
60%
70%
80%
U.S. Government
2.6
70.3
AAA
5.9
3.0
AA
3.1
4.1
A
7.1
11.1
BBB
33.3
11.1
BB
23.3
0.4
B
6.5
0.0
CCC
0.5
—
Not Rated
17.8
—
Credit Quality
Fund (%)
U.S. Government
2.6
AAA
5.9
AA
3.1
A
7.1
BBB
33.3
BB
23.3
B
6.5
CCC
0.5
Not Rated
17.8
Maturity
Fund (%)
Benchmark (%)

Fund

Benchmark

0%
5%
10%
15%
20%
25%
30%
Year 1
20.1
1.1
Year 2
6.6
12.8
Year 3
11.4
10.4
Year 4
11.5
8.8
Year 5
10.3
9.6
Year 6
8.7
6.3
Year 7
5.5
7.9
Year 8
2.1
8.0
Year 9
6.4
9.8
Year 10+
17.3
25.3
Maturity
Fund (%)
Year 1
20.1
Year 2
6.6
Year 3
11.4
Year 4
11.5
Year 5
10.3
Year 6
8.7
Year 7
5.5
Year 8
2.1
Year 9
6.4
Year 10+
17.3

Sector, Industry, and Market Capitalization are based on the portfolio's equity holdings. Credit Quality and Maturity are based on the portfolio’s fixed income holdings. Geography and Asset Class are based on the full portfolio.

Credit quality ratings use the highest rating available from either S&P Global Ratings or Moody's Investors Service. Unrated securities are evaluated by the firm using available data and their own analysis that may be similar to that of a nationally recognized rating agency; however, such determination is not equivalent to a national agency credit rating. "NR" = Not Rated.

Weights are percentages of the total portfolio unless otherwise noted.

May not add up to 100% due to rounding.

Cash and Equivalents includes cash, short-term securities, other assets less liabilities, accruals, derivatives and forwards. It may also include investments in money market or similar funds managed by Thornburg that are not offered to the public.

Holdings with the Geography breakdown are classified by country of risk as determined by MSCI and Bloomberg.

Portfolio Managers

Portfolio Managers

Matt Burdett

Matt Burdett

Head of Equities, Portfolio Manager and Managing Director
Matt Burdett is head of equities and a portfolio manager for Thornburg Investment Management. He rejoined the firm in 2015 as an associate portfolio manager. Matt was named a managing director and was promoted to portfolio manager in 2018 and to head of equities in 2024. Matt spent several years as a senior vice president and portfolio manager at PIMCO,…
Learn More
Brian McMahon

Brian McMahon

Vice Chairman, Chief Investment Strategist, Portfolio Manager and Managing Director
Brian McMahon is chief investment strategist and a portfolio manager 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;…
Learn More
Christian Hoffmann, CFA

Christian Hoffmann, CFA

Head of Fixed Income, Portfolio Manager and Managing Director
Christian Hoffmann is head of fixed income and a portfolio manager for Thornburg Investment Management. He joined the firm in 2012 as a fixed income analyst and was promoted to associate portfolio manager in 2014. Christian was named a managing director in 2017, was promoted to portfolio manager in 2018, and to head of fixed income in 2024. Prior to…
Learn More

Literature

Fact Sheet
Commentary
Summary Prospectus
Annual Financial Statements
Semi-Annual Financial Statements
Prospectus
Statement of Additional Information (SAI)
Annual TSR
Semi-Annual TSR

Important Information

This communication is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

Investments carry risks, including possible loss of principal. Additional risks may be associated with investments outside the United States, especially in emerging markets, including currency fluctuations, illiquidity, volatility, and political and economic risks. Investments in small- and mid-capitalization companies may increase the risk of greater price fluctuations. Portfolios investing in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds. The value of bonds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. Investments in the Fund are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.

The performance of any index is not indicative of the performance of any particular investment. Unless otherwise noted, index returns reflect the reinvestment of income dividends and capital gains, if any, but do not reflect fees, brokerage commissions or other expenses of investing. Investors may not make direct investments into any index.

Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment losses.

Neither the payment of, or increase in, dividends is guaranteed.

A bond credit rating assesses the financial ability of a debt issuer to make timely payments of principal and interest. Ratings of AAA (the highest), AA, A, and BBB are investment-grade quality. Ratings of BB, B, CCC, CC, C and D (the lowest) are considered below investment grade, speculative grade, or junk bonds.

Credit quality ratings for Thornburg Investment Income Builder used ratings from Moody's Investors Service. Where Moody's ratings are not available, we have used S&P Global Ratings. Where neither rating is available, we have used ratings from other nationally recognized statistical rating organizations (NRSROs).

Class R shares are limited to retirement platforms only.

Class I shares may not be available to all investors. Minimum investments for the I share class may be higher than those for other classes.

There is no guarantee that the Fund will meet its investment objectives.

To determine a fund's Morningstar Rating™, funds and other managed products with at least a three-year history are ranked in their categories by their Morningstar Risk-Adjusted Return scores. The top 10% receive 5 stars; the next 22.5%, 4 stars; the middle 35%, 3 stars; the next 22.5%, 2 stars; and the bottom 10% receive 1 star. The Risk-Adjusted Return accounts for variation in a managed product's monthly excess performance (excluding sales charges), placing more emphasis on downward variations and rewarding consistent performance. Other share classes may have different performance characteristics.

© 2026 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Please see our glossary for a definition of terms.

Thornburg mutual funds are distributed by Thornburg Securities LLC.

Thornburg Investment Management, Inc. mutual funds are sold through investment professionals including investment advisors, brokerage firms, bank trust departments, trust companies and certain other financial intermediaries. Thornburg Securities LLC (TSL) does not act as broker of record for investors.

“Bloomberg®” and the Bloomberg index(es) mentioned in this piece are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by Thornburg Investment Management. Bloomberg is not affiliated with Thornburg, and Bloomberg does not approve, endorse, review, or recommend Thornburg. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to Thornburg.

More Insights

Markets & Economy

Looking Beyond the Leaders: A Perspective on Global Equities
Despite geopolitical uncertainty and market volatility, global equities continue to offer opportunities beyond the narrow group of stocks driving index returns.
By Matt Burdett
22 Jul 2026
9 min read
READ: Looking Beyond the Leaders: A Perspective on Global Equities
Markets & Economy

A Disinflationary Paradox of High Oil Prices
A look at how sustained high oil prices act as a drag on demand, shifting inflation lower over time and echoing signals from an inverted yield curve.
By Lei Wang, CFA & Kevin Endo, CFA
2 Apr 2026
3 min read
READ: A Disinflationary Paradox of High Oil Prices
Power Plant in the South of Iran
Risk Management

When Geopolitics Drive Volatility: An Active Approach to the Iran Conflict
Geopolitical tensions have sparked market volatility, but historic parallels suggest a potential opportunity for active strategic positioning.
By Thornburg Investment Management
3 Mar 2026
4 min read
READ: When Geopolitics Drive Volatility: An Active Approach to the Iran Conflict