THIIBAD ID
Thornburg Equity Income Builder Fund (UCITS)
Morningstar Rating • Info
Overall Morningstar Rating among 1185 EAA Fund Global Equity Income funds, based on risk-adjusted returns for class A Dist shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 5 stars, 5 stars and star among 1185, 970 and 609 funds, as of 30 Jun 2026.
As of 30 Jun 2026
Fund Assets
$640.5 M
As of 30 Jun 2026
NAV
$21.56
As of 16 Jul 2026
Change
$-0.06
As of 16 Jul 2026
YTD NAV Performance
16.16%
As of 16 Jul 2026
Asset Category:
Global Equity
Fund Benchmark:
MSCI World Index
Portfolio Managers
Head of Equities, Portfolio Manager and Managing Director
Vice Chairman, Chief Investment Strategist, Portfolio Manager and Managing Director
A Disciplined Approach to Global Equity Income
In this Q&A, Matt Burdett discusses how the Thornburg Equity Income Builder Fund is positioned to deliver resilient income and diversification through disciplined global stock selection.
Overview
Fund Facts
Fund Facts
(As of 30 Jun 2026)Net Fund Assets
$640.5 M
Benchmark
MSCI World Index
Morningstar Category
EAA Fund Global Equity Income
Distribution Frequency
Quarterly
SFDR
Article 8
Minimum Investment
$1,000
Ongoing Charges
1.75%
Management Fee
1.50%
Share Class
A Dist
Share Class Inception Date
19 Apr 2017
Fund Inception Date
28 Jun 2012
Bloomberg Ticker
THIIBAD ID
ISIN
IE00BYV9V778
Cusip
G8850P 184
SEDOL
BYV9V77
Performance
Performance
Returns
(As of 30 Jun 2026)2018
2019
2020
2021
2022
2023
2024
2025
Total Return (%)
-5.68
17.38
1.33
16.55
-6.81
18.43
11.55
35.68
MSCI World Index (%)
-8.71
27.67
15.90
21.82
-18.14
23.79
18.67
21.09
MSCI World High Dividend Yield Index (%)
-7.56
23.15
-0.03
15.83
-4.74
9.12
7.95
18.64
Hypothetical Growth of $10,000
Hypothetical Growth of $10,000
(As of 3 Apr 2017)
(Hypothetical Growth of $10,000 vs MSCI World Index)
Distributions
Distributions
(As of 6 Jul 2026)Ex-Date
Payable Date
Total ($)
Income ($)
ST Cap Gains ($)
LT Cap Gains ($)
7 Jul 2017
30 Jun 2017
0.14317
0.14317
—
—
5 Oct 2017
30 Sep 2017
0.06382
0.06382
—
—
5 Jan 2018
31 Dec 2017
0.03593
0.03593
—
—
6 Apr 2018
31 Mar 2018
0.02595
0.02595
—
—
6 Jul 2018
30 Jun 2018
0.14159
0.14159
—
—
4 Oct 2018
30 Sep 2018
0.05854
0.05854
—
—
7 Jan 2019
31 Dec 2018
0.02471
0.02471
—
—
3 Apr 2019
31 Mar 2019
0.04815
0.04815
—
—
3 Jul 2019
30 Jun 2019
0.14999
0.14999
—
—
1 Oct 2019
30 Sep 2019
0.02330
0.02330
—
—
6 Jan 2020
31 Dec 2019
0.02614
0.02614
—
—
3 Apr 2020
31 Mar 2020
0.03655
0.03655
—
—
6 Jul 2020
30 Jun 2020
0.06575
0.06575
—
—
5 Oct 2020
30 Sep 2020
0.03529
0.03529
—
—
6 Jan 2021
31 Dec 2020
0.01282
0.01282
—
—
7 Apr 2021
31 Mar 2021
0.14833
0.14833
—
—
6 Jul 2021
30 Jun 2021
0.11650
0.11650
—
—
5 Oct 2021
30 Sep 2021
0.01259
0.01259
—
—
6 Jan 2022
31 Dec 2021
0.00878
0.00878
—
—
5 Apr 2022
31 Mar 2022
0.04002
0.04002
—
—
6 Jul 2022
30 Jun 2022
0.18905
0.18905
—
—
5 Oct 2022
30 Sep 2022
0.03922
0.03922
—
—
5 Jan 2023
31 Dec 2022
0.04294
0.04294
—
—
5 Apr 2023
31 Mar 2023
0.04243
0.04243
—
—
6 Jul 2023
30 Jun 2023
0.28296
0.28296
—
—
4 Oct 2023
30 Sep 2023
0.05127
0.05127
—
—
4 Jan 2024
31 Dec 2023
0.05243
0.05243
—
—
4 Apr 2024
31 Mar 2024
0.03749
0.03749
—
—
3 Jul 2024
30 Jun 2024
0.24073
0.24073
—
—
3 Oct 2024
30 Sep 2024
0.05138
0.05138
—
—
6 Jan 2025
31 Dec 2024
0.20258
0.20258
—
—
3 Apr 2025
31 Mar 2025
0.05981
0.05981
—
—
3 Jul 2025
30 Jun 2025
0.40705
0.40705
—
—
3 Oct 2025
30 Sep 2025
0.13166
0.13166
—
—
6 Jan 2026
31 Dec 2025
0.15967
0.15967
—
—
7 Apr 2026
31 Mar 2026
0.16127
0.16127
—
—
6 Jul 2026
30 Jun 2026
0.45840
0.45840
—
—
Characteristics
Characteristics
Portfolio
(As of 30 Jun 2026)Portfolio
Benchmark
Number of Holdings
64
—
Weighted Average Market Cap
$279.8 B
$1,043.7 B
Median Market Cap
$56.1 B
$28.8 B
Annual Portfolio Turnover
22%
—
Price to Earnings - Forward 1YR
13.0x
19.7x
Portfolio
Benchmark
Dividend Yield
3.9%
1.5%
Price to Earnings - Trailing 12 Months
15.8x
25.8x
Price to Cash Flow
6.9x
16.0x
Price to Book Value
2.1x
4.1x
Active Share
91.9%
—
Risk & Return Profile
Risk & Return Profile
(As of 30 Jun 2026)3y
5y
10y
Annualized Alpha (%)
13.12
8.42
2.47
Beta
0.56
0.67
0.79
R-Squared (%)
48.62
67.22
74.60
Standard Deviation (%)
9.82
12.32
13.53
Sharpe Ratio
2.01
1.05
0.77
Information Ratio
0.60
0.59
-0.04
Tracking Error (%)
8.90
8.63
7.51
Up Capture (%)
91.63
88.84
83.66
Down Capture (%)
35.08
56.10
72.44
Portfolio
Portfolio
Top Holdings
(As of 31 May 2026)Name
Ticker/Symbol
Sector
Weight %
Orange S.A.
ORA
Communication Services
4.7
BNP Paribas S.A.
BNP
Financials
3.7
NN Group N.V.
NN
Financials
3.0
AT&T, Inc.
T
Communication Services
2.9
Samsung Electronics Co. Ltd.
005930
Information Technology
2.8
Broadcom, Inc.
AVGO
Information Technology
2.7
Kimberly-Clark Corp.
KMB
Consumer Staples
2.5
Taiwan Semiconductor Manufacturing Co. Ltd.
TSM
Information Technology
2.5
Cisco Systems, Inc.
CSCO
Information Technology
2.4
Merck & Co., Inc.
MRK
Health Care
2.4
Exposure Breakdown
Exposure Breakdown
(As of 30 Jun 2026)Sector Allocation
Fund (%)
Financials
21.7
Communication Services
15.6
Information Technology
11.0
Cash & Equivalents
9.9
Health Care
9.3
Utilities
7.2
Consumer Staples
7.0
Industrials
6.3
Energy
5.6
Consumer Discretionary
4.8
Materials
1.8
Real Estate
0.0
Unassigned
-0.1
Top 10 Industries
Fund (%)
Telecommunication Services
15.6
Banks
9.4
Insurance
7.8
Pharmaceuticals, Biotechnology & Life Sciences
7.6
Utilities
7.2
Semiconductors & Semiconductor Equipment
6.4
Energy
5.6
Household & Personal Products
5.3
Capital Goods
4.7
Technology Hardware & Equipment
4.6
Top 10 Countries
Fund (%)
United States
25.8
France
13.5
United Kingdom
8.9
Netherlands
7.5
Germany
7.0
Italy
4.8
Taiwan
3.3
Switzerland
3.2
Spain
3.1
Canada
2.7
Capitalization
Fund (%)
Large Cap (> $12 B)
96.3
Mid Cap ($2.5 to $12 B)
2.8
Small Cap (< $2.5 B)
0.8
Unassigned
0.0
Portfolio Managers
Portfolio Managers
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
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
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