Investment Income Builder Fund (UCITS) - Performance

Share Class

Average Annual Total Returns

A Acc Shares (Incep. 29/06/2012) 1-MONTH YTD 1-YR 3-YR 5-YR INCEPTION
TBIIBUA ID-3.70%-17.12%-14.23%-1.93%1.92%3.94%
Benchmark (Since 29/06/2012)
Investment Income Builder Blend-2.41%0.92%5.31%6.04%7.32%8.29%
A Acc Shares (Incep. 29/06/2012) QTD YTD 1-YR 3-YR 5-YR INCEPTION
TBIIBUA ID0.99%-13.93%-8.55%-0.64%3.84%4.45%
Benchmark (Since 29/06/2012)
Investment Income Builder Blend6.13%3.42%10.06%7.41%9.10%8.70%
A Acc Shares (Incep. 29/06/2012) Investment Income Builder Blend
2013 13.15% 18.92%
2014 5.36% 5.25%
2015 -5.24% -0.33%
2016 8.92% 6.41%
2017 14.03% 17.42%
2018 -5.65% -6.42%
2019 17.34% 22.87%

Returns for less than one year are not annualized.
Source: Confluence

Fees and Expenses — Class A Acc Shares

Management Fee* 1.50%
Expense Ratio 1.85%

For more information about charges, please see the section of this Fund's prospectus entitled "Fees and Expenses" or the section of this Fund's Key Investor Information Document entitled "Charges to the Funds".

* As a percent of Net Asset Value

Morningstar Rating

Overall Morningstar Rating among 282 USD Aggressive Allocation funds, based on risk-adjusted returns for class A Acc shares, using a weighted average of the fund's three- and five-year ratings: respectively, 1 star and 2 stars among 282 and 204 funds, as of 9/30/2020.

Hypothetical Growth of $10,000 as of

A Acc Shares
13800.00000000
Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.

Average Annual Total Returns

A Dist Shares (Incep. 19/04/2017) 1-MONTH YTD 1-YR 3-YR INCEPTION*
THIIBAD ID-3.73%-17.18%-14.30%-2.01%0.39%
Benchmark (Since 03/04/2017)
Investment Income Builder Blend-2.41%0.92%5.31%6.04%7.60%
A Dist Shares (Incep. 19/04/2017) QTD YTD 1-YR 3-YR INCEPTION*
THIIBAD ID0.96%-13.98%-8.58%-0.72%1.50%
Benchmark (Since 03/04/2017)
Investment Income Builder Blend6.13%3.42%10.06%7.41%8.55%
A Dist Shares* (Incep. 19/04/2017) Investment Income Builder Blend
2018 -5.68% -6.42%
2019 17.38% 22.87%

* Since 03/04/2017.
Prior to inception of this share class, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.
Returns for less than one year are not annualized.
Source: Confluence

Fees and Expenses — Class A Dist Shares

Management Fee* 1.50%
Expense Ratio 1.85%

For more information about charges, please see the section of this Fund's prospectus entitled "Fees and Expenses" or the section of this Fund's Key Investor Information Document entitled "Charges to the Funds".

* As a percent of Net Asset Value

Morningstar Rating

Overall Morningstar Rating among 282 USD Aggressive Allocation funds, based on risk-adjusted returns for class A Dist shares, using the fund's three-year rating: 1 star among 282 funds, as of 9/30/2020.

Dividends and Capital Gains — Class A Dist Shares

Dividend (paid 5 Oct 2020) $0.03529

Hypothetical Growth of $10,000 as of

A Dist Shares
10140.94830000
Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.

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

Average Annual Total Returns

C Acc Shares (Incep. 15/08/2017) 1-MONTH YTD 1-YR 3-YR 5-YR INCEPTION*
TBIIBUC ID-3.77%-17.54%-14.71%-2.58%1.31%3.36%
Benchmark (Since 29/06/2012)
Investment Income Builder Blend-2.41%0.92%5.31%6.04%7.32%8.29%
C Acc Shares (Incep. 15/08/2017) QTD YTD 1-YR 3-YR 5-YR INCEPTION*
TBIIBUC ID0.82%-14.31%-9.07%-1.29%3.23%3.88%
Benchmark (Since 29/06/2012)
Investment Income Builder Blend6.13%3.42%10.06%7.41%9.10%8.70%
C Acc Shares* (Incep. 15/08/2017) Investment Income Builder Blend
2013 12.59% 18.92%
2014 4.84% 5.25%
2015 -5.72% -0.33%
2016 8.38% 6.41%
2017 12.94% 17.42%
2018 -6.12% -6.42%
2019 16.82% 22.87%

* Since 29/06/2012.
Prior to inception of this share class, performance is hypothetical and was calculated from actual returns of an earlier share class adjusted for the expenses of the newer share class.
Returns for less than one year are not annualized.
Source: Confluence

Fees and Expenses — Class C Acc Shares

Management Fee* 2.00%
Expense Ratio 2.35%

C shares include a 1.0% contingent deferred sales charge (CDSC) for the first year only.
For more information about charges, please see the section of this Fund's prospectus entitled "Fees and Expenses" or the section of this Fund's Key Investor Information Document entitled "Charges to the Funds".

* As a percent of Net Asset Value

Morningstar Rating

Overall Morningstar Rating among 282 USD Aggressive Allocation funds, based on risk-adjusted returns for class C Acc shares, using the fund's three-year rating: 1 star among 282 funds, as of 9/30/2020.

Hypothetical Growth of $10,000 as of

C Acc Shares
13172.10930000
Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.

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

Average Annual Total Returns

I Acc Shares (Incep. 29/06/2012) 1-MONTH YTD 1-YR 3-YR 5-YR INCEPTION
TBIIBUI ID-3.63%-16.51%-13.50%-1.05%2.82%4.87%
Benchmark (Since 29/06/2012)
Investment Income Builder Blend-2.41%0.92%5.31%6.04%7.32%8.29%
I Acc Shares (Incep. 29/06/2012) QTD YTD 1-YR 3-YR 5-YR INCEPTION
TBIIBUI ID1.25%-13.36%-7.72%0.24%4.78%5.39%
Benchmark (Since 29/06/2012)
Investment Income Builder Blend6.13%3.42%10.06%7.41%9.10%8.70%
I Acc Shares (Incep. 29/06/2012) Investment Income Builder Blend
2013 14.21% 18.92%
2014 6.26% 5.25%
2015 -4.36% -0.33%
2016 9.92% 6.41%
2017 14.99% 17.42%
2018 -4.81% -6.42%
2019 18.42% 22.87%

Returns for less than one year are not annualized.
Source: Confluence

Fees and Expenses — Class I Acc Shares

Management Fee* 0.80%
Expense Ratio 0.95%

For more information about charges, please see the section of this Fund's prospectus entitled "Fees and Expenses" or the section of this Fund's Key Investor Information Document entitled "Charges to the Funds".

* As a percent of Net Asset Value

Morningstar Rating

Overall Morningstar Rating among 282 USD Aggressive Allocation funds, based on risk-adjusted returns for class I Acc shares, using a weighted average of the fund's three- and five-year ratings: respectively, 2 stars and 2 stars among 282 and 204 funds, as of 9/30/2020.

Hypothetical Growth of $10,000 as of

I Acc Shares
14870.00000000
Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.

Average Annual Total Returns

I Dist Shares (Incep. 03/04/2017) 1-MONTH YTD 1-YR 3-YR INCEPTION
THIIBID ID-3.64%-16.56%-13.48%-1.09%1.34%
Benchmark (Since 03/04/2017)
Investment Income Builder Blend-2.41%0.92%5.31%6.04%7.60%
I Dist Shares (Incep. 03/04/2017) QTD YTD 1-YR 3-YR INCEPTION
THIIBID ID1.17%-13.41%-7.79%0.22%2.46%
Benchmark (Since 03/04/2017)
Investment Income Builder Blend6.13%3.42%10.06%7.41%8.55%
I Dist Shares (Incep. 03/04/2017) Investment Income Builder Blend
2018 -4.90% -6.42%
2019 18.48% 22.87%

Returns for less than one year are not annualized.
Source: Confluence

Fees and Expenses — Class I Dist Shares

Management Fee* 0.80%
Expense Ratio 0.95%

For more information about charges, please see the section of this Fund's prospectus entitled "Fees and Expenses" or the section of this Fund's Key Investor Information Document entitled "Charges to the Funds".

* As a percent of Net Asset Value

Morningstar Rating

Overall Morningstar Rating among 282 USD Aggressive Allocation funds, based on risk-adjusted returns for class I Dist shares, using the fund's three-year rating: 2 stars among 282 funds, as of 9/30/2020.

Dividends and Capital Gains — Class I Dist Shares

Dividend (paid 5 Oct 2020) $0.05824

Hypothetical Growth of $10,000 as of

I Dist Shares
10488.15690000
Returns reflect reinvestment of dividends and capital gains, if any, as well as all fees and expenses.
Important Information

The Fund is offered solely to non-U.S. investors under the terms and conditions of the Fund’s current Prospectus. A copy of the full Prospectus and KIID for the Fund may be obtained by contacting the local Paying Agent through the Fund’s Transfer Agent, State Street Fund Services (Ireland) Limited or in the forms and literature section of this website. The Prospectus and KIID contain important information about the Fund and should be read carefully before investing.

Investments carry risks, including possible loss of principal. Additional risks may be associated with investments 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. Unlike bonds, bond funds have ongoing fees and expenses. Investments in mortgage-backed securities (MBS) may bear additional risk. Investments in the Fund are not insured, nor are they bank deposits or guaranteed by a bank or any other entity.

This material constitutes a financial promotion for the purposes of the Financial Services and Markets Act 2000 (the “Act”) and the handbook of rules and guidance issued from time to time by the FCA (the "FCA Rules"). This material is for information purposes only and does not constitute an offer to subscribe for or purchase any financial instrument. Thornburg Investment Management Ltd. ("TIM Ltd.") neither provides investment advice to, nor receives and transmits orders from, persons to whom this material is communicated nor does it carry on any other activities with or for such persons that constitute "MiFID or equivalent third country business" for the purposes of the FCA Rules. All information provided is not warranted as to completeness or accuracy and is subject to change without notice.

The Fund is a sub-fund of Thornburg Global Investment plc, an open-ended umbrella type investment company with segregated liability between sub-funds, authorised by the Central Bank of Ireland (CBI) on 25 November 2011 as an investment company pursuant to the UCITS Regulations. Authorisation of the Company by the CBI is not an endorsement or guarantee of the Company by the CBI nor is the CBI responsible for the contents of the Prospectus or KIID.

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

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. © 2020 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.

Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at www.lipperweb.com. Thomson Reuters Copyright 2019, All Rights Reserved.

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This does not constitute or contain an offer, solicitation, recommendation or investment advice with respect to the purchase of the Funds described herein or any security. The Fund’s shares may not be sold to citizens or residents of the United States or in any other state, country or jurisdiction where it would be unlawful to offer, solicit an offer for, or sell the shares. For information regarding the jurisdictions in which the Fund is registered or passported, please contact Thornburg at contactglobal@thornburg.com or +1.855.732.9301. Fund shares may be sold on a private placement basis depending on the jurisdiction. This should not be used or distributed in any jurisdiction, other than in those in which the Fund is authorized, where authorization for distribution is required. Thornburg is authorized by the Fund to facilitate the distribution of shares of the Fund in certain jurisdictions through dealers, referral agents, sub-distributors and other financial intermediaries.

ACC = Accumulating; DIST = Distributing.

Please see our glossaryglossary (www.thornburg.com/glossary) for a definition of terms.