Thornburg Investment Income Builder Fund

SYMBOL: TIBRX

Morningstar Rating • Info

Overall Morningstar Rating among 340 World Allocation funds, based on risk-adjusted returns for class R3 shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 5 stars, 4 stars and 4 stars among 340, 327 and 244 funds, as of 30 Sep 2024.

As of 30 Sep 2024

Fund Assets

$13.9 B

As of 30 Sep 2024

NAV

$26.13

As of 31 Oct 2024

Change

$-0.23

As of 31 Oct 2024

YTD NAV Performance

13.02%

As of 31 Oct 2024

Asset Category:

Multi-Asset

Fund Benchmark:

Investment Income Builder Blended Index

Portfolio Managers

Matt Burdett

Head of Equities and Managing Director

Brian McMahon

Vice Chairman, Chief Investment Strategist and Managing Director

Christian Hoffmann, CFA

Head of Fixed Income and Managing Director

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:

Help meet short-term funding needs, such as retirement income or foundation distributions.
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 Performance Fund Facts Characteristics Portfolio Portfolio Managers Literature

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.

Returns

(As of 30 Sep 2024)

YTD

10y

Inception

Total Return (%)

14.90

24.37

10.00

8.97

6.58

8.85

Investment Income Builder Blended Index (%)

15.13

26.96

6.52

9.97

8.15

8.06

Morningstar Category Avg. (%)

11.06

19.88

3.79

6.18

4.82

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return (%)

14.90

24.37

10.00

8.97

6.58

8.85

Investment Income Builder Blended Index (%)

15.13

26.96

6.52

9.97

8.15

8.06

Morningstar Category Avg. (%)

11.06

19.88

3.79

6.18

4.82

—

Morningstar Quartile

—

YTD

10y

Inception

Total Return (%)

14.90

24.37

33.09

53.64

89.17

533.78

Investment Income Builder Blended Index (%)

15.13

26.96

20.87

60.81

119.00

440.88

YTD

10y

Inception

Total Return (%)

14.90

24.37

33.09

53.64

89.17

533.78

Investment Income Builder Blended Index (%)

15.13

26.96

20.87

60.81

119.00

440.88

2018

2019

2020

2021

2022

2023

Total Return (%)

-5.01

17.28

-1.02

19.59

-8.62

17.49

Investment Income Builder Blended Index (%)

-6.42

22.87

14.41

15.64

-16.67

19.05

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 Allocation category is based on total returns before sales charges for 1, 3, 5 and 10 years, among 354, 340, 327 and 244 funds, respectively, as of 30 Sep 2024.

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

(As of 1 Feb 2024)

Gross Expense Ratio (%)

1.67

Net Expense Ratio (%)

1.54

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

            Categories,R3 Shares,Investment Income Builder Blended Index
            2002-12-24,10000,10000
2002-12-31,9992,9966
2003-01-31,9849,9740
2003-02-28,9773,9646
2003-03-31,9909,9620
2003-04-30,10567,10280
2003-05-31,11242,10766
2003-06-30,11530,10900
2003-07-31,11632,10973
2003-08-31,11547,11168
2003-09-30,11822,11293
2003-10-31,12354,11768
2003-11-30,12431,11909
2003-12-31,13190,12498
2004-01-31,13390,12674
2004-02-29,13598,12867
2004-03-31,13651,12828
2004-04-30,13293,12547
2004-05-31,13310,12620
2004-06-30,13611,12832
2004-07-31,13346,12550
2004-08-31,13619,12651
2004-09-30,13874,12839
2004-10-31,14025,13102
2004-11-30,14559,13592
2004-12-31,15411,14012
2005-01-31,15239,13798
2005-02-28,15743,14105
2005-03-31,15552,13882
2005-04-30,15372,13702
2005-05-31,15480,13921
2005-06-30,15845,14031
2005-07-31,16236,14366
2005-08-31,16181,14494
2005-09-30,16466,14739
2005-10-31,15988,14441
2005-11-30,16345,14818
2005-12-31,16677,15100
2006-01-31,17485,15605
2006-02-28,17653,15601
2006-03-31,18203,15820
2006-04-30,18766,16173
2006-05-31,18279,15754
2006-06-30,18261,15759
2006-07-31,18627,15886
2006-08-31,18949,16256
2006-09-30,19089,16437
2006-10-31,19614,16917
2006-11-30,20185,17277
2006-12-31,20686,17515
2007-01-31,20884,17669
2007-02-28,20774,17668
2007-03-31,21419,17910
2007-04-30,22210,18527
2007-05-31,23027,18881
2007-06-30,23007,18758
2007-07-31,22756,18486
2007-08-31,23076,18532
2007-09-30,24260,19228
2007-10-31,25309,19713
2007-11-30,24494,19198
2007-12-31,24379,19025
2008-01-31,22591,18015
2008-02-29,22608,17943
2008-03-31,22264,17829
2008-04-30,22854,18523
2008-05-31,22909,18700
2008-06-30,21206,17578
2008-07-31,20885,17252
2008-08-31,20518,17112
2008-09-30,18755,15528
2008-10-31,15880,13228
2008-11-30,15245,12693
2008-12-31,15905,13117
2009-01-31,14956,12226
2009-02-28,13988,11276
2009-03-31,14596,11953
2009-04-30,15875,12973
2009-05-31,17563,13878
2009-06-30,18001,13851
2009-07-31,19142,14787
2009-08-31,19932,15283
2009-09-30,20773,15780
2009-10-31,20804,15589
2009-11-30,21296,16117
2009-12-31,21698,16271
2010-01-31,21398,15829
2010-02-28,21654,16011
2010-03-31,22578,16749
2010-04-30,22625,16795
2010-05-31,21181,15624
2010-06-30,20976,15283
2010-07-31,22312,16253
2010-08-31,22115,15850
2010-09-30,23213,16963
2010-10-31,24034,17452
2010-11-30,23545,17145
2010-12-31,24550,18044
2011-01-31,24975,18355
2011-02-28,25571,18848
2011-03-31,25579,18712
2011-04-30,26489,19367
2011-05-31,26209,19129
2011-06-30,25843,18888
2011-07-31,25506,18706
2011-08-31,24535,17786
2011-09-30,23245,16666
2011-10-31,24612,17964
2011-11-30,24330,17631
2011-12-31,24585,17672
2012-01-31,25270,18376
2012-02-29,25843,19048
2012-03-31,25852,19205
2012-04-30,25780,19095
2012-05-31,24416,17902
2012-06-30,25554,18588
2012-07-31,26131,18831
2012-08-31,26456,19192
2012-09-30,26949,19594
2012-10-31,27070,19505
2012-11-30,26960,19700
2012-12-31,27316,19971
2013-01-31,28635,20699
2013-02-28,28727,20750
2013-03-31,29460,21119
2013-04-30,30520,21671
2013-05-31,29892,21581
2013-06-30,29156,21098
2013-07-31,29707,21939
2013-08-31,29027,21560
2013-09-30,30245,22420
2013-10-31,31342,23124
2013-11-30,31280,23410
2013-12-31,31711,23749
2014-01-31,30963,23177
2014-02-28,32383,24078
2014-03-31,32677,24093
2014-04-30,33040,24329
2014-05-31,33623,24758
2014-06-30,34049,25093
2014-07-31,33979,24777
2014-08-31,34576,25255
2014-09-30,33503,24698
2014-10-31,33535,24878
2014-11-30,33818,25296
2014-12-31,33061,24996
2015-01-31,33241,24788
2015-02-28,34493,25819
2015-03-31,34166,25546
2015-04-30,35233,25972
2015-05-31,34970,26023
2015-06-30,34099,25499
2015-07-31,34574,25886
2015-08-31,32437,24592
2015-09-30,31000,23954
2015-10-31,32448,25378
2015-11-30,32142,25267
2015-12-31,31169,24913
2016-01-31,30200,23881
2016-02-29,29959,23790
2016-03-31,31622,25055
2016-04-30,32084,25377
2016-05-31,32446,25485
2016-06-30,32396,25386
2016-07-31,33214,26230
2016-08-31,33497,26239
2016-09-30,33484,26340
2016-10-31,32946,25907
2016-11-30,33334,26033
2016-12-31,34028,26510
2017-01-31,34132,27003
2017-02-28,34744,27610
2017-03-31,35263,27827
2017-04-30,35436,28189
2017-05-31,36230,28691
2017-06-30,36258,28766
2017-07-31,37013,29314
2017-08-31,36960,29410
2017-09-30,37712,29870
2017-10-31,37716,30298
2017-11-30,38643,30781
2017-12-31,38960,31128
2018-01-31,40232,32271
2018-02-28,38299,31192
2018-03-31,37960,30732
2018-04-30,38736,30940
2018-05-31,38243,31141
2018-06-30,38229,31120
2018-07-31,39801,31851
2018-08-31,39174,32198
2018-09-30,39767,32280
2018-10-31,38131,30439
2018-11-30,38788,30744
2018-12-31,37007,29131
2019-01-31,38652,30909
2019-02-28,39197,31601
2019-03-31,39604,32064
2019-04-30,40808,32919
2019-05-31,38677,31641
2019-06-30,40551,33304
2019-07-31,40325,33446
2019-08-31,39998,33149
2019-09-30,41252,33634
2019-10-31,42038,34301
2019-11-30,42296,35014
2019-12-31,43402,35794
2020-01-31,42719,35803
2020-02-29,39743,33694
2020-03-31,32108,30300
2020-04-30,34802,32918
2020-05-31,36041,34149
2020-06-30,36786,34880
2020-07-31,37649,36262
2020-08-31,38393,38006
2020-09-30,37099,37017
2020-10-31,36422,36124
2020-11-30,41524,39677
2020-12-31,42959,40952
2021-01-31,43620,40573
2021-02-28,45097,41207
2021-03-31,46603,42106
2021-04-30,47386,43659
2021-05-31,48484,44167
2021-06-30,47955,44738
2021-07-31,47994,45464
2021-08-31,48937,46291
2021-09-30,47625,44749
2021-10-31,49523,46647
2021-11-30,48968,45915
2021-12-31,51376,47358
2022-01-31,51655,45223
2022-02-28,50112,44239
2022-03-31,50259,44843
2022-04-30,47942,41623
2022-05-31,49684,41714
2022-06-30,45879,38840
2022-07-31,46804,41390
2022-08-31,45494,39800
2022-09-30,41831,36595
2022-10-31,44420,38448
2022-11-30,48127,40806
2022-12-31,46948,39461
2023-01-31,49803,41858
2023-02-28,49569,40833
2023-03-31,49471,42039
2023-04-30,50748,42655
2023-05-31,49303,42219
2023-06-30,51133,44097
2023-07-31,52542,45200
2023-08-31,51797,44318
2023-09-30,50967,42603
2023-10-31,50010,41508
2023-11-30,52965,44896
2023-12-31,55160,46979
2024-01-31,55351,47369
2024-02-29,55416,48708
2024-03-31,58234,49995
2024-04-30,57457,48286
2024-05-31,59686,50108
2024-06-30,59688,50991
2024-07-31,61896,51963
2024-08-31,63339,53180
2024-09-30,63378,54088

Hypothetical Growth of $10,000

(As of 30 Sep 2024)

(Hypothetical Growth of $10,000 vs Investment Income Builder Blended Index)

                        Categories,R3 Shares,Investment Income Builder Blended Index
                        2023-09-30,10000,10000
2023-10-31,9812,9743
2023-11-30,10393,10538
2023-12-31,10824,11027
2024-01-31,10862,11119
2024-02-29,10874,11433
2024-03-31,11427,11735
2024-04-30,11275,11334
2024-05-31,11712,11762
2024-06-30,11713,11969
2024-07-31,12146,12197
2024-08-31,12429,12483
2024-09-30,12437,12696

                        Categories,R3 Shares,Investment Income Builder Blended Index
                        2021-09-30,10000,10000
2021-10-31,10399,10424
2021-11-30,10283,10261
2021-12-31,10789,10583
2022-01-31,10848,10106
2022-02-28,10524,9886
2022-03-31,10554,10021
2022-04-30,10068,9301
2022-05-31,10434,9322
2022-06-30,9635,8680
2022-07-31,9829,9249
2022-08-31,9554,8894
2022-09-30,8785,8178
2022-10-31,9328,8592
2022-11-30,10107,9119
2022-12-31,9859,8818
2023-01-31,10459,9354
2023-02-28,10410,9125
2023-03-31,10389,9394
2023-04-30,10657,9532
2023-05-31,10354,9435
2023-06-30,10738,9854
2023-07-31,11034,10101
2023-08-31,10877,9904
2023-09-30,10703,9520
2023-10-31,10502,9276
2023-11-30,11123,10033
2023-12-31,11584,10498
2024-01-31,11624,10586
2024-02-29,11637,10885
2024-03-31,12229,11172
2024-04-30,12066,10790
2024-05-31,12534,11197
2024-06-30,12535,11395
2024-07-31,12998,11612
2024-08-31,13301,11884
2024-09-30,13309,12087

                        Categories,R3 Shares,Investment Income Builder Blended Index
                        2019-09-30,10000,10000
2019-10-31,10191,10198
2019-11-30,10253,10410
2019-12-31,10522,10642
2020-01-31,10356,10645
2020-02-29,9635,10018
2020-03-31,7784,9009
2020-04-30,8437,9787
2020-05-31,8737,10153
2020-06-30,8918,10370
2020-07-31,9127,10781
2020-08-31,9307,11300
2020-09-30,8994,11006
2020-10-31,8830,10740
2020-11-30,10067,11797
2020-12-31,10414,12176
2021-01-31,10575,12063
2021-02-28,10933,12251
2021-03-31,11298,12519
2021-04-30,11488,12981
2021-05-31,11754,13131
2021-06-30,11625,13301
2021-07-31,11635,13517
2021-08-31,11864,13763
2021-09-30,11545,13305
2021-10-31,12006,13869
2021-11-30,11871,13651
2021-12-31,12455,14080
2022-01-31,12522,13446
2022-02-28,12148,13153
2022-03-31,12184,13332
2022-04-30,11622,12375
2022-05-31,12045,12402
2022-06-30,11122,11548
2022-07-31,11346,12306
2022-08-31,11029,11833
2022-09-30,10141,10880
2022-10-31,10768,11431
2022-11-30,11667,12132
2022-12-31,11381,11732
2023-01-31,12073,12445
2023-02-28,12017,12140
2023-03-31,11993,12499
2023-04-30,12302,12682
2023-05-31,11952,12553
2023-06-30,12396,13111
2023-07-31,12737,13439
2023-08-31,12557,13177
2023-09-30,12356,12667
2023-10-31,12124,12341
2023-11-30,12840,13348
2023-12-31,13372,13968
2024-01-31,13418,14084
2024-02-29,13434,14482
2024-03-31,14117,14864
2024-04-30,13929,14356
2024-05-31,14469,14898
2024-06-30,14470,15161
2024-07-31,15005,15449
2024-08-31,15355,15811
2024-09-30,15364,16081

                        Categories,R3 Shares,Investment Income Builder Blended Index
                        2014-09-30,10000,10000
2014-10-31,10009,10073
2014-11-30,10094,10242
2014-12-31,9868,10121
2015-01-31,9922,10036
2015-02-28,10295,10454
2015-03-31,10198,10343
2015-04-30,10516,10516
2015-05-31,10438,10537
2015-06-30,10178,10324
2015-07-31,10320,10481
2015-08-31,9682,9957
2015-09-30,9253,9699
2015-10-31,9685,10275
2015-11-30,9594,10230
2015-12-31,9303,10087
2016-01-31,9014,9669
2016-02-29,8942,9632
2016-03-31,9438,10145
2016-04-30,9577,10275
2016-05-31,9685,10319
2016-06-30,9669,10278
2016-07-31,9914,10620
2016-08-31,9998,10624
2016-09-30,9994,10665
2016-10-31,9834,10490
2016-11-30,9949,10541
2016-12-31,10157,10734
2017-01-31,10188,10933
2017-02-28,10370,11179
2017-03-31,10525,11267
2017-04-30,10577,11414
2017-05-31,10814,11617
2017-06-30,10822,11647
2017-07-31,11048,11869
2017-08-31,11032,11908
2017-09-30,11256,12094
2017-10-31,11257,12268
2017-11-30,11534,12463
2017-12-31,11629,12604
2018-01-31,12008,13066
2018-02-28,11431,12630
2018-03-31,11330,12443
2018-04-30,11562,12527
2018-05-31,11415,12609
2018-06-30,11411,12600
2018-07-31,11880,12896
2018-08-31,11693,13037
2018-09-30,11870,13070
2018-10-31,11381,12324
2018-11-30,11577,12448
2018-12-31,11046,11795
2019-01-31,11537,12515
2019-02-28,11699,12795
2019-03-31,11821,12983
2019-04-30,12180,13329
2019-05-31,11544,12811
2019-06-30,12104,13484
2019-07-31,12036,13542
2019-08-31,11939,13422
2019-09-30,12313,13618
2019-10-31,12547,13888
2019-11-30,12624,14177
2019-12-31,12954,14493
2020-01-31,12751,14496
2020-02-29,11862,13643
2020-03-31,9583,12268
2020-04-30,10388,13328
2020-05-31,10758,13827
2020-06-30,10980,14123
2020-07-31,11237,14682
2020-08-31,11460,15388
2020-09-30,11073,14988
2020-10-31,10871,14626
2020-11-30,12394,16065
2020-12-31,12822,16581
2021-01-31,13020,16428
2021-02-28,13461,16684
2021-03-31,13910,17049
2021-04-30,14144,17677
2021-05-31,14471,17883
2021-06-30,14314,18114
2021-07-31,14325,18408
2021-08-31,14607,18743
2021-09-30,14215,18119
2021-10-31,14782,18887
2021-11-30,14616,18591
2021-12-31,15335,19175
2022-01-31,15418,18311
2022-02-28,14957,17912
2022-03-31,15001,18156
2022-04-30,14310,16853
2022-05-31,14830,16890
2022-06-30,13694,15726
2022-07-31,13970,16759
2022-08-31,13579,16115
2022-09-30,12486,14817
2022-10-31,13258,15567
2022-11-30,14365,16522
2022-12-31,14013,15977
2023-01-31,14865,16948
2023-02-28,14795,16533
2023-03-31,14766,17021
2023-04-30,15147,17271
2023-05-31,14716,17094
2023-06-30,15262,17854
2023-07-31,15683,18301
2023-08-31,15460,17944
2023-09-30,15213,17250
2023-10-31,14927,16806
2023-11-30,15809,18178
2023-12-31,16464,19021
2024-01-31,16521,19180
2024-02-29,16540,19722
2024-03-31,17382,20243
2024-04-30,17150,19551
2024-05-31,17815,20288
2024-06-30,17816,20646
2024-07-31,18475,21039
2024-08-31,18905,21532
2024-09-30,18917,21900

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

            Categories,Total ($)
            2005-03-31,0.03800
2005-06-30,0.13400
2005-09-30,0.17300
2005-11-17,0.33324
2005-12-31,0.28600
2006-03-31,0.12017
2006-06-30,0.15397
2006-09-30,0.18500
2006-11-17,0.51623
2006-12-31,0.32050
2007-03-31,0.13231
2007-06-30,0.17337
2007-09-30,0.20372
2007-11-19,0.46552
2007-12-31,0.35230
2008-03-31,0.16445
2008-06-30,0.20520
2008-09-30,0.24943
2008-12-31,0.36142
2009-03-31,0.17498
2009-06-30,0.23535
2009-09-30,0.26980
2009-12-31,0.33458
2010-03-31,0.18613
2010-06-30,0.23836
2010-09-30,0.31035
2010-12-31,0.34746
2011-03-31,0.19536
2011-06-30,0.24497
2011-09-30,0.30778
2011-12-31,0.36229
2012-03-31,0.20226
2012-06-30,0.24667
2012-09-30,0.27166
2012-12-31,0.34561
2013-03-31,0.20028
2013-06-30,0.23607
2013-09-30,0.23506
2013-12-31,0.22932
2014-03-31,0.20981
2014-06-30,0.22188
2014-09-30,0.25402
2014-12-31,0.24300
2015-03-31,0.14849
2015-06-30,0.18155
2015-09-30,0.18392
2015-12-31,0.23710
2016-03-31,0.15683
2016-06-30,0.16977
2016-09-30,0.17891
2016-12-31,0.20005
2017-03-31,0.15516
2017-06-30,0.18311
2017-09-30,0.24341
2017-12-31,0.27959
2018-03-31,0.16320
2018-06-30,0.18066
2018-09-30,0.21939
2018-12-31,0.26034
2019-03-31,0.17287
2019-06-30,0.19678
2019-09-30,0.22973
2019-12-31,0.28228
2020-03-31,0.17583
2020-06-30,0.16930
2020-09-30,0.19381
2020-12-31,0.27105
2021-03-31,0.20723
2021-06-30,0.25257
2021-09-30,0.28792
2021-12-31,0.34505
2022-01-31,0.06471
2022-03-31,0.18078
2022-06-30,0.22804
2022-09-30,0.27047
2022-12-31,0.36585
2023-03-31,0.19289
2023-06-30,0.22951
2023-09-30,0.27110
2023-12-31,0.34070
2024-03-31,0.20496
2024-06-30,0.23175
2024-09-30,0.26600

            Ex-Date, Payable Date,Total ($),Income ($),ST Cap Gains ($),LT Cap Gains ($)
2005-03-31,1112227200,0.03800,0.03800,0,0
2005-06-30,1120089600,0.13400,0.13400,0,0
2005-09-30,1128038400,0.17300,0.17300,0,0
2005-11-17,1132185600,0.33324,0,0.04834,0.28490
2005-12-31,1135987200,0.28600,0.28600,0,0
2006-03-31,1143763200,0.12017,0.12017,0,0
2006-06-28,1151625600,0.15397,0.15397,0,0
2006-09-27,1159574400,0.18500,0.18500,0,0
2006-11-17,1163721600,0.51623,0,0.19367,0.32256
2006-12-26,1167523200,0.32050,0.32050,0,0
2007-03-26,1175299200,0.13231,0.13231,0,0
2007-06-26,1183161600,0.17337,0.17337,0,0
2007-09-26,1191110400,0.20372,0.20372,0,0
2007-11-19,1195430400,0.46552,0,0.24776,0.21776
2007-12-26,1199059200,0.35230,0.35230,0,0
2008-03-26,1206921600,0.16445,0.16445,0,0
2008-06-26,1214784000,0.20520,0.20520,0,0
2008-09-26,1222732800,0.24943,0.24943,0,0
2008-12-26,1230681600,0.36142,0.36142,0,0
2009-03-26,1238457600,0.17498,0.17498,0,0
2009-06-26,1246320000,0.23535,0.23535,0,0
2009-09-25,1254268800,0.26980,0.26980,0,0
2009-12-24,1262217600,0.33458,0.33458,0,0
2010-03-26,1269993600,0.18613,0.18613,0,0
2010-06-25,1277856000,0.23836,0.23836,0,0
2010-09-24,1285804800,0.31035,0.31035,0,0
2010-12-27,1293753600,0.34746,0.34746,0,0
2011-03-25,1301529600,0.19536,0.19536,0,0
2011-06-24,1309392000,0.24497,0.24497,0,0
2011-09-26,1317340800,0.30778,0.30778,0,0
2011-12-23,1325289600,0.36229,0.36229,0,0
2012-03-26,1333152000,0.20226,0.20226,0,0
2012-06-25,1341014400,0.24667,0.24667,0,0
2012-09-24,1348963200,0.27166,0.27166,0,0
2012-12-24,1356912000,0.34561,0.34561,0,0
2013-03-22,1364688000,0.20028,0.20028,0,0
2013-06-24,1372550400,0.23607,0.23607,0,0
2013-09-24,1380499200,0.23506,0.23506,0,0
2013-12-24,1388448000,0.22932,0.22932,0,0
2014-03-25,1396224000,0.20981,0.20981,0,0
2014-06-24,1404086400,0.22188,0.22188,0,0
2014-09-24,1412035200,0.25402,0.25402,0,0
2014-12-24,1419984000,0.24300,0.24300,0,0
2015-03-25,1427760000,0.14849,0.14849,0,0
2015-06-24,1435622400,0.18155,0.18155,0,0
2015-09-24,1443571200,0.18392,0.18392,0,0
2015-12-24,1451520000,0.23710,0.23710,0,0
2016-03-24,1459382400,0.15683,0.15683,0,0
2016-06-24,1467244800,0.16977,0.16977,0,0
2016-09-26,1475193600,0.17891,0.17891,0,0
2016-12-23,1483142400,0.20005,0.20005,0,0
2017-03-24,1490918400,0.15516,0.15516,0,0
2017-06-23,1498780800,0.18311,0.18311,0,0
2017-09-22,1506729600,0.24341,0.24341,0,0
2017-12-27,1514678400,0.27959,0.27959,0,0
2018-03-23,1522454400,0.16320,0.16320,0,0
2018-06-22,1530316800,0.18066,0.18066,0,0
2018-09-21,1538265600,0.21939,0.21939,0,0
2018-12-26,1546214400,0.26034,0.26034,0,0
2019-03-22,1553990400,0.17287,0.17287,0,0
2019-06-21,1561852800,0.19678,0.19678,0,0
2019-09-20,1569801600,0.22973,0.22973,0,0
2019-12-27,1577750400,0.28228,0.28228,0,0
2020-03-19,1585612800,0.17583,0.17583,0,0
2020-06-18,1593475200,0.16930,0.16930,0,0
2020-09-17,1601424000,0.19381,0.19381,0,0
2020-12-28,1609372800,0.27105,0.27105,0,0
2021-03-18,1617148800,0.20723,0.20723,0,0
2021-06-17,1625011200,0.25257,0.25257,0,0
2021-09-16,1632960000,0.28792,0.28792,0,0
2021-12-27,1640908800,0.34505,0.34505,0,0
2022-01-06,1643587200,0.06471,0.06471,0,0
2022-03-17,1648684800,0.18078,0.18078,0,0
2022-06-16,1656547200,0.22804,0.22804,0,0
2022-09-15,1664496000,0.27047,0.27047,0,0
2022-12-27,1672444800,0.36585,0.36585,0,0
2023-03-16,1680220800,0.19289,0.19289,0,0
2023-06-15,1688083200,0.22951,0.22951,0,0
2023-09-14,1696032000,0.27110,0.27110,0,0
2023-12-26,1703980800,0.34070,0.34070,0,0
2024-03-21,1711843200,0.20496,0.20496,0,0
2024-06-20,1719705600,0.23175,0.23175,0,0
2024-09-19,1727654400,0.26600,0.26600,0,0

Distributions

(As of 19 Sep 2024)

Ex-Date

Payable Date

Total ($)

Income ($)

ST Cap Gains ($)

LT Cap Gains ($)

31 Mar 2005

0.03800

—

30 Jun 2005

0.13400

—

30 Sep 2005

0.17300

—

17 Nov 2005

0.33324

—

0.04834

0.28490

31 Dec 2005

0.28600

—

31 Mar 2006

0.12017

—

28 Jun 2006

30 Jun 2006

0.15397

—

27 Sep 2006

30 Sep 2006

0.18500

—

17 Nov 2006

0.51623

—

0.19367

0.32256

26 Dec 2006

31 Dec 2006

0.32050

—

26 Mar 2007

31 Mar 2007

0.13231

—

26 Jun 2007

30 Jun 2007

0.17337

—

26 Sep 2007

30 Sep 2007

0.20372

—

19 Nov 2007

0.46552

—

0.24776

0.21776

26 Dec 2007

31 Dec 2007

0.35230

—

26 Mar 2008

31 Mar 2008

0.16445

—

26 Jun 2008

30 Jun 2008

0.20520

—

26 Sep 2008

30 Sep 2008

0.24943

—

26 Dec 2008

31 Dec 2008

0.36142

—

26 Mar 2009

31 Mar 2009

0.17498

—

26 Jun 2009

30 Jun 2009

0.23535

—

25 Sep 2009

30 Sep 2009

0.26980

—

24 Dec 2009

31 Dec 2009

0.33458

—

26 Mar 2010

31 Mar 2010

0.18613

—

25 Jun 2010

30 Jun 2010

0.23836

—

24 Sep 2010

30 Sep 2010

0.31035

—

27 Dec 2010

31 Dec 2010

0.34746

—

25 Mar 2011

31 Mar 2011

0.19536

—

24 Jun 2011

30 Jun 2011

0.24497

—

26 Sep 2011

30 Sep 2011

0.30778

—

23 Dec 2011

31 Dec 2011

0.36229

—

26 Mar 2012

31 Mar 2012

0.20226

—

25 Jun 2012

30 Jun 2012

0.24667

—

24 Sep 2012

30 Sep 2012

0.27166

—

24 Dec 2012

31 Dec 2012

0.34561

—

22 Mar 2013

31 Mar 2013

0.20028

—

24 Jun 2013

30 Jun 2013

0.23607

—

24 Sep 2013

30 Sep 2013

0.23506

—

24 Dec 2013

31 Dec 2013

0.22932

—

25 Mar 2014

31 Mar 2014

0.20981

—

24 Jun 2014

30 Jun 2014

0.22188

—

24 Sep 2014

30 Sep 2014

0.25402

—

24 Dec 2014

31 Dec 2014

0.24300

—

25 Mar 2015

31 Mar 2015

0.14849

—

24 Jun 2015

30 Jun 2015

0.18155

—

24 Sep 2015

30 Sep 2015

0.18392

—

24 Dec 2015

31 Dec 2015

0.23710

—

24 Mar 2016

31 Mar 2016

0.15683

—

24 Jun 2016

30 Jun 2016

0.16977

—

26 Sep 2016

30 Sep 2016

0.17891

—

23 Dec 2016

31 Dec 2016

0.20005

—

24 Mar 2017

31 Mar 2017

0.15516

—

23 Jun 2017

30 Jun 2017

0.18311

—

22 Sep 2017

30 Sep 2017

0.24341

—

27 Dec 2017

31 Dec 2017

0.27959

—

23 Mar 2018

31 Mar 2018

0.16320

—

22 Jun 2018

30 Jun 2018

0.18066

—

21 Sep 2018

30 Sep 2018

0.21939

—

26 Dec 2018

31 Dec 2018

0.26034

—

22 Mar 2019

31 Mar 2019

0.17287

—

21 Jun 2019

30 Jun 2019

0.19678

—

20 Sep 2019

30 Sep 2019

0.22973

—

27 Dec 2019

31 Dec 2019

0.28228

—

19 Mar 2020

31 Mar 2020

0.17583

—

18 Jun 2020

30 Jun 2020

0.16930

—

17 Sep 2020

30 Sep 2020

0.19381

—

28 Dec 2020

31 Dec 2020

0.27105

—

18 Mar 2021

31 Mar 2021

0.20723

—

17 Jun 2021

30 Jun 2021

0.25257

—

16 Sep 2021

30 Sep 2021

0.28792

—

27 Dec 2021

31 Dec 2021

0.34505

—

6 Jan 2022

31 Jan 2022

0.06471

—

17 Mar 2022

31 Mar 2022

0.18078

—

16 Jun 2022

30 Jun 2022

0.22804

—

15 Sep 2022

30 Sep 2022

0.27047

—

27 Dec 2022

31 Dec 2022

0.36585

—

16 Mar 2023

31 Mar 2023

0.19289

—

15 Jun 2023

30 Jun 2023

0.22951

—

14 Sep 2023

30 Sep 2023

0.27110

—

26 Dec 2023

31 Dec 2023

0.34070

—

21 Mar 2024

31 Mar 2024

0.20496

—

20 Jun 2024

30 Jun 2024

0.23175

—

19 Sep 2024

30 Sep 2024

0.26600

—

Fund Facts

(As of 30 Sep 2024)

Net Fund Assets

$13.9 B

Benchmark

Investment Income Builder Blended Index

Morningstar Category

World Allocation

Fund Symbol

TIBRX

Share Class

Share Class Inception Date

1 Feb 2005

Number of Holdings

342

Portfolio Turnover

26%

Distribution Frequency

Quarterly

30-Day SEC Yield (Subsidized)

2.70%

30-Day SEC Yield (Unsubsidized)

2.70%

Characteristics

Portfolio

(As of 30 Sep 2024)

Portfolio

Benchmark

Weighted Average Market Cap

$183.7 B

$707.0 B

Median Market Cap

$55.8 B

$21.7 B

Price to Earnings - Forward 1YR

10.9x

20.4x

Price to Earnings - Trailing 12 Months

14.4x

23.4x

Price to Cash Flow

5.6x

14.4x

Price to Book Value

1.5x

3.5x

Return on Assets - 5 YR

5.9%

10.2%

Portfolio

Benchmark

Return on Equity - 5 YR

15.7%

32.0%

Historical 3YR Sales Growth

10.1%

16.8%

Active Share

92.0%

—

Effective Duration

3.7 Yrs

6.2 Yrs

Average Effective Maturity

6.6 Yrs

8.3 Yrs

Weighted Average Coupon

2.9%

3.3%

Yield to Worst

8.6%

4.2%

Risk & Return profile

(As of 30 Sep 2024)

10y

Annualized Alpha (%)

5.22

-0.04

-0.64

Beta

0.81

1.01

1.00

R-Squared (%)

77.53

78.15

79.91

Standard Deviation (%)

12.98

16.12

13.09

Sharpe Ratio

0.54

0.45

0.43

Information Ratio

0.63

-0.04

-0.15

Up Capture (%)

95.03

93.90

94.45

Down Capture (%)

72.38

92.41

97.90

Past performance does not guarantee future results.

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

Portfolio

Top Holdings

(As of 31 Aug 2024)

Name

Ticker/Symbol

Sector

Weight %

Orange S.A.

ORA

Communication Services

5.3

Broadcom, Inc.

AVGO

Information Technology

4.2

TotalEnergies SE

TTE

Energy

4.1

Taiwan Semiconductor Manufacturing Co. Ltd.

2330

Information Technology

3.9

AT&T, Inc.

Communication Services

3.4

NN Group N.V.

Financials

3.3

BNP Paribas S.A.

BNP

Financials

3.3

Enel SpA

ENEL

Utilities

3.1

Tesco plc

TSCO

Consumer Staples

2.8

Citigroup, Inc.

Financials

2.7

Name

Ticker/Symbol

Sector

Weight %

Telefonica Emisiones S.A.

87938WAC7

SE_CORPORATE_BOND

0.7

Digicel Intermediate Holdings Ltd. / Digicel International Finance Ltd. / Difl US

ZF7746216

SE_CORPORATE_BOND

0.3

Vector Group Ltd.

92240MBJ6

SE_CORPORATE_BOND

0.2

Transcontinental Gas Pipe Line Co., LLC

893574AH6

SE_CORPORATE_BOND

0.2

Deutsche Telekom International Finance BV

25156PAC7

SE_CORPORATE_BOND

0.2

LendingPoint 2020-REV1 Asset Securitization Trust

52606YAC8

Asset Backed Securities

0.2

Kinder Morgan, Inc.

49456BAG6

SE_CORPORATE_BOND

0.2

KeHE Distributors, LLC/ KeHE Finance Corp. / NextWave Distribution, Inc.

487526AC9

SE_CORPORATE_BOND

0.2

Enstar Finance, LLC

29360AAA8

SE_CORPORATE_BOND

0.1

Homeward Opportunities Fund Trust 2024-RTL1

43789FAA1

SE_COLLAT_MORTGAGE_OBLIGATION

0.1

Download Holdings

Portfolio holdings are subject to change daily.

Exposure Breakdown

(As of 30 Sep 2024)

Sector Allocation

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

25%

30%

Financials

22.2

15.4

Communication Services

19.1

7.6

Information Technology

14.1

24.8

Health Care

12.0

11.7

Energy

10.3

3.9

Utilities

7.6

2.7

Materials

4.6

3.8

Consumer Staples

4.4

6.5

Industrials

2.9

11.1

Consumer Discretionary

2.4

10.3

Real Estate

0.4

2.3

Sector Allocation

Fund (%)

Financials

22.2

Communication Services

19.1

Information Technology

14.1

Health Care

12.0

Energy

10.3

Utilities

7.6

Materials

4.6

Consumer Staples

4.4

Industrials

2.9

Consumer Discretionary

2.4

Real Estate

0.4

Top 10 Industries

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

Telecommunication Services

18.9

1.4

Banks

11.5

5.7

Pharmaceuticals, Biotechnology & Life Sciences

10.5

7.7

Energy

10.4

3.9

Semiconductors & Semiconductor Equipment

9.9

8.7

Utilities

7.5

2.7

Financial Services

5.7

6.5

Insurance

5.6

3.2

Materials

4.6

3.8

Consumer Staples Distribution & Retail

3.7

1.8

Top 10 Industries

Fund (%)

Telecommunication Services

18.9

Banks

11.5

Pharmaceuticals, Biotechnology & Life Sciences

10.5

Energy

10.4

Semiconductors & Semiconductor Equipment

9.9

Utilities

7.5

Financial Services

5.7

Insurance

5.6

Materials

4.6

Consumer Staples Distribution & Retail

3.7

Top 10 Countries

Fund (%)

Benchmark (%)

Region

Portfolio

Benchmark

10%

20%

30%

40%

50%

60%

70%

80%

United States

35.0

77.3

North America

France

13.1

2.2

Europe ex UK

United Kingdom

11.1

3.0

Italy

5.3

0.5

Europe ex UK

Netherlands

5.0

1.0

Europe ex UK

Germany

4.4

1.8

Europe ex UK

Taiwan

3.9

—

Asia Pacific ex Japan

Switzerland

3.4

1.9

Europe ex UK

Spain

2.5

0.6

Europe ex UK

Canada

2.4

2.6

North America

Top 10 Countries

Fund (%)

United States

35.0

France

13.1

United Kingdom

11.1

Italy

5.3

Netherlands

5.0

Germany

4.4

Taiwan

3.9

Switzerland

3.4

Spain

2.5

Canada

2.4

Composition

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

70%

80%

90%

Equity

84.4

75.0

Fixed Income

10.8

25.0

Cash & Cash Equivalents

4.9

—

Currency Forward

-0.1

—

Composition

Fund (%)

Equity

84.4

Fixed Income

10.8

Cash & Cash Equivalents

4.9

Currency Forward

-0.1

Capitalization

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Unassigned

0.0

—

Large Cap (> $12 B)

93.8

96.5

Mid Cap ($2.5 to $12 B)

4.1

3.5

Small Cap (< $2.5 B)

2.1

0.0

Capitalization

Fund (%)

Unassigned

0.0

Large Cap (> $12 B)

93.8

Mid Cap ($2.5 to $12 B)

4.1

Small Cap (< $2.5 B)

2.1

Credit Quality

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

20%

30%

40%

AAA

4.8

3.3

0.9

4.0

4.8

11.7

BBB

37.6

11.6

21.7

0.0

14.4

—

CCC

0.1

—

Not Rated

15.8

—

Credit Quality

Fund (%)

AAA

4.8

0.9

4.8

BBB

37.6

21.7

14.4

CCC

0.1

Not Rated

15.8

Maturity

Fund (%)

Benchmark (%)

Fund

Benchmark

10%

15%

20%

25%

30%

Year 1

17.4

1.1

Year 2

12.9

11.9

Year 3

5.8

11.0

Year 4

15.3

9.3

Year 5

8.7

10.6

Year 6

7.5

6.2

Year 7

5.3

7.2

Year 8

1.6

6.8

Year 9

3.0

8.7

Year 10+

22.4

27.3

Maturity

Fund (%)

Year 1

17.4

Year 2

12.9

Year 3

5.8

Year 4

15.3

Year 5

8.7

Year 6

7.5

Year 7

5.3

Year 8

1.6

Year 9

3.0

Year 10+

22.4

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.

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

Cash includes cash and cash equivalents. Weights are percentages of total portfolio unless otherwise noted.

The percentages may not add up to 100 due to rounding.

Portfolio Managers

Matt Burdett

Head of Equities 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,…

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Brian McMahon

Vice Chairman, Chief Investment Strategist and Managing Director

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…

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Christian Hoffmann, CFA

Head of Fixed Income 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…

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Literature

Fact Sheet

Commentary

Summary Prospectus

Annual Report

Semi-annual report

Prospectus

Statement of Additional Information (SAI)

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.

© 2024 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.

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Thornburg Investment Income Builder Fund

Portfolio Managers

Globally Diversified Income

Cultivating the growth of dividends for almost two decades

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Matt Burdett

Brian McMahon

Christian Hoffmann, CFA

Literature

Important Information

More Insights

Cut to the Chase: Seizing Fixed Income Opportunities

Finding Income, Opportunities and Defense in Today’s Markets

Generative AI: Finding Undervalued Investment Opportunities

Will Cash Be Dethroned? Why Bonds Should Reign Going Forward

Finding Investment Opportunities in Healthcare Innovation

The Analogy of the Olympics and International Investing

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Thornburg Investment Income Builder Fund

Portfolio Managers

Globally Diversified Income

Cultivating the growth of dividends for almost two decades

Overview

Why Invest in This Fund?

Investment Objective

Investment Approach

Related Content

Performance

Returns

Fund Fees

Hypothetical Growth of $10,000

Distributions

Fund Facts

Characteristics

Portfolio

Risk & Return profile

Portfolio

Top Holdings

Exposure Breakdown

Portfolio Managers

Matt Burdett

Brian McMahon

Christian Hoffmann, CFA

Literature

Important Information

More Insights

Cut to the Chase: Seizing Fixed Income Opportunities

Finding Income, Opportunities and Defense in Today’s Markets

Generative AI: Finding Undervalued Investment Opportunities

Will Cash Be Dethroned? Why Bonds Should Reign Going Forward

Finding Investment Opportunities in Healthcare Innovation

The Analogy of the Olympics and International Investing