Thornburg Equity Income Builder Fund (UCITS)
SYMBOL: THIIBAD ID
Morningstar Rating • Info
Overall Morningstar Rating among 420 EAA Fund USD Aggressive Allocation funds, based on risk-adjusted returns for class A Dist shares, using a weighted average of the funds three- and five-year ratings: respectively, 5 stars and 5 stars among 420 and 329 funds, as of 31 May 2025.
As of 31 May 2025
Fund Assets
$118.6 M
As of 31 May 2025
NAV
$17.20
As of 2 Jul 2025
Change
$0.06
As of 2 Jul 2025
YTD NAV Performance
20.31%
As of 2 Jul 2025
Asset Category:
Global Equity
Fund Benchmark:
MSCI World Index
Portfolio Managers
Head of Equities and Managing Director
Vice Chairman, Chief Investment Strategist and Managing Director
Head of Fixed Income and Managing Director
Overview
Fund Facts
Fund Facts
(As of 31 May 2025)Net Fund Assets
$118.6 M
Benchmark
MSCI World Index
Morningstar Category
EAA Fund USD Aggressive Allocation
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
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Total Return (%)
—
—
—
-5.68
17.38
1.33
16.55
-6.81
18.43
11.55
MSCI World Index (%)
—
—
—
-8.71
27.67
15.90
21.82
-18.14
23.79
18.67
Hypothetical Growth of $10,000
Hypothetical Growth of $10,000
(As of 30 Jun 2025)
(Hypothetical Growth of $10,000 vs MSCI World Index)
Distributions
Distributions
(As of 3 Jul 2025)Ex-Date
Payable Date
Total ($)
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
—
—
Characteristics
Characteristics
Portfolio
(As of 31 May 2025)Portfolio
Benchmark
Weighted Average Market Cap
$163.3 B
$733.3 B
Median Market Cap
$53.6 B
$24.4 B
Price to Earnings - Forward 1YR
12.0x
19.7x
Dividend Yield
4.3%
1.7%
Price to Earnings - Trailing 12 Months
13.4x
23.3x
Price to Cash Flow
5.6x
13.9x
Portfolio
Benchmark
Price to Book Value
1.5x
3.5x
Return on Assets - 5 YR
4.9%
10.0%
Return on Equity - 5 YR
15.6%
33.1%
Historical 3YR Sales Growth
4.8%
15.7%
Active Share
91.8%
—
Risk & Return Profile
Risk & Return Profile
(As of 31 May 2025)3y
5y
10y
Annualized Alpha (%)
5.51
5.16
0.70
Beta
0.69
0.75
0.80
R-Squared (%)
73.19
72.16
79.37
Standard Deviation (%)
12.83
13.89
13.61
Sharpe Ratio
0.80
0.96
0.49
Information Ratio
0.22
0.24
-0.19
Tracking Error (%)
8.26
8.29
6.85
Up Capture (%)
76.41
81.58
79.31
Down Capture (%)
52.77
58.18
75.27
Portfolio
Portfolio
Top Holdings
(As of 31 May 2025)Name
Ticker/Symbol
Sector
Weight %
Orange S.A.
ORA
Communication Services
5.2
BNP Paribas S.A.
BNP
Financials
3.7
TotalEnergies SE
TTE
Energy
3.4
Samsung Electronics Co. Ltd.
005930
Information Technology
3.4
Broadcom, Inc.
AVGO
Information Technology
3.3
Citigroup, Inc.
C
Financials
3.0
AstraZeneca plc
AZN
Health Care
2.8
E.ON SE
EOAN
Utilities
2.6
AT&T, Inc.
T
Communication Services
2.6
Enel SpA
ENEL
Utilities
2.5
Exposure Breakdown
Exposure Breakdown
(As of 31 May 2025)Sector Allocation
Fund (%)
Financials
18.9
Communication Services
15.8
Health Care
12.0
Utilities
11.1
Information Technology
10.0
Cash & Cash Equivalents
8.5
Energy
7.6
Industrials
6.4
Consumer Discretionary
4.0
Materials
2.9
Consumer Staples
2.9
Real Estate
0.0
Top 10 Industries
Fund (%)
Telecommunication Services
15.8
Utilities
11.1
Pharmaceuticals, Biotechnology & Life Sciences
10.5
Banks
9.9
Energy
7.6
Semiconductors & Semiconductor Equipment
5.5
Insurance
5.1
Capital Goods
4.6
Technology Hardware & Equipment
4.5
Financial Services
3.9
Top 10 Countries
Fund (%)
United States
21.5
France
16.0
United Kingdom
11.6
Germany
9.2
Switzerland
6.4
Italy
6.4
Netherlands
5.0
Korea, Republic of (South Korea)
3.4
Taiwan
2.2
Canada
2.2
Capitalization
Fund (%)
Large Cap (> $12 B)
98.4
Mid Cap ($2.5 to $12 B)
1.0
Small Cap (< $2.5 B)
0.6
Portfolio Managers
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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