Thornburg Investment Income Builder Fund

Sector Allocation as of

Financials
23.0%
Communication Services
13.9%
Health Care
13.1%
Energy
9.1%
Information Technology
8.9%
Industrials
7.8%
Consumer Discretionary
7.3%
Utilities
7.0%
Consumer Staples
4.6%
Materials
3.4%
Real Estate
1.9%

TEN LARGEST HOLDINGS as of

% OF PORTFOLIO
Orange S.A. 3.6%
Atlantia SpA 3.5%
Merck & Co., Inc. 3.0%
Royal Dutch Shell plc 2.9%
Enel SpA 2.9%
Walgreens Boots Alliance, Inc. 2.7%
Electricite de France S.A. 2.7%
CME Group, Inc. 2.6%
TOTAL S.A. 2.6%
Taiwan Semiconductor Manufacturing Co. Ltd. 2.5%
Portfolio holdings are subject to change.

Key Portfolio Attributes as of

Fund Assets $21.1 M
Dividend Yield 4.6%
Portfolio P/E Forward 12 Months 11.9x
Portfolio Price to Cash Flow* 5.7x
Portfolio Price to Book* 1.5x
Median Market Capitalization* $39.5 B
Number of Holdings 68
5-Year Beta† (A Shares vs. Blended Index) 1.01
* Source: FactSet
† Source: Morningstar

Portfolio Composition as of

Non-U.S. Equity
62.5%
U.S. Equity
31.5%
Cash & Cash Equivalents
6.0%
The percentages may not add up to 100 due to rounding.

Regional Diversification as of

Europe ex-UK
49.4%
North America
34.2%
Asia Pacific ex-Japan
8.7%
UK
6.7%
Other
1.0%
Holdings are classified by country of risk as determined by MSCI and Bloomberg. The percentages may not add up to 100 due to rounding.

Capitalization Exposure as of

Large Cap (> $12 B)
88.0%
Mid Cap ($2.5 to $12 B)
9.6%
Small Cap (< $2.5 B)
2.4%
The percentages may not add up to 100 due to rounding.
Important Information