TBIIBUI ID
Thornburg Equity Income Builder Fund (UCITS)
Morningstar Rating • Info
Overall Morningstar Rating among 1191 EAA Fund Global Equity Income funds, based on risk-adjusted returns for class I Acc shares, using a weighted average of the funds three-, five-, and ten-year ratings: respectively, 5 stars, 5 stars and 5 stars among 1191, 971 and 615 funds, as of 31 Aug 2026.
As of 31 Aug 2026
Fund Assets
$915.0 M
As of 31 Aug 2026
NAV
$44.48
As of 17 Sep 2026
Change
$0.25
As of 17 Sep 2026
YTD NAV Performance
19.92%
As of 17 Sep 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 31 Aug 2026)Net Fund Assets
$915.0 M
Benchmark
MSCI World Index
Morningstar Category
EAA Fund Global Equity Income
Distribution Frequency
N/A
SFDR
Article 8
Minimum Investment
$1,000,000
Ongoing Charges
0.80%
Management Fee
0.65%
Share Class
I Acc
Share Class Inception Date
29 Jun 2012
Fund Inception Date
28 Jun 2012
Bloomberg Ticker
TBIIBUI ID
ISIN
IE00B6YCBF59
Cusip
G8T49N 214
SEDOL
B6YCBF5
Performance
Performance
Returns
(As of 30 Jun 2026)2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Return (%)
14.21
6.26
-4.36
9.92
14.99
-4.81
18.42
2.30
17.62
-6.02
19.41
12.60
36.96
MSCI World Index (%)
26.68
4.94
-0.87
7.51
22.40
-8.71
27.67
15.90
21.82
-18.14
23.79
18.67
21.09
MSCI World High Dividend Yield Index (%)
21.91
2.48
-3.20
9.29
18.14
-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 31 Aug 2026)
(Hypothetical Growth of $10,000 vs MSCI World Index)
Characteristics
Characteristics
Portfolio
(As of 31 Aug 2026)Portfolio
Benchmark
Number of Holdings
66
—
Weighted Average Market Cap
$286.9 B
$1,152.2 B
Median Market Cap
$56.4 B
$29.9 B
Annual Portfolio Turnover
18%
—
Price to Earnings - Forward 1YR
13.1x
19.2x
Portfolio
Benchmark
Dividend Yield
3.5%
1.4%
Price to Earnings - Trailing 12 Months
17.0x
26.4x
Price to Cash Flow
7.4x
16.3x
Price to Book Value
2.3x
4.1x
Active Share
92.1%
—
Risk & Return Profile
Risk & Return Profile
(As of 31 Aug 2026)3y
5y
10y
Annualized Alpha (%)
14.32
9.08
2.58
Beta
0.53
0.67
0.79
R-Squared (%)
44.66
66.64
74.02
Standard Deviation (%)
9.66
12.34
13.53
Sharpe Ratio
2.19
1.07
0.77
Information Ratio
0.63
0.67
-0.02
Tracking Error (%)
9.12
8.71
7.58
Up Capture (%)
93.54
91.13
84.02
Down Capture (%)
31.83
56.10
72.44
Portfolio
Portfolio
Top Holdings
(As of 31 Aug 2026)Name
Ticker/Symbol
Sector
Weight %
Orange S.A.
ORA
Communication Services
4.9
Taiwan Semiconductor Manufacturing Co. Ltd.
TSM
Information Technology
4.0
Broadcom, Inc.
AVGO
Information Technology
3.5
Samsung Electronics Co. Ltd.
005930
Information Technology
3.3
AT&T, Inc.
T
Communication Services
3.3
Kimberly-Clark Corp.
KMB
Consumer Staples
3.2
NN Group N.V.
NN
Financials
3.1
BNP Paribas S.A.
BNP
Financials
2.8
TotalEnergies SE
TTE
Energy
2.5
CME Group, Inc.
CME
Financials
2.4
Exposure Breakdown
Exposure Breakdown
(As of 31 Aug 2026)Sector Allocation
Fund (%)
Financials
21.0
Communication Services
18.5
Information Technology
12.2
Cash & Equivalents
9.0
Health Care
8.6
Consumer Staples
6.3
Energy
5.3
Industrials
5.2
Utilities
5.1
Consumer Discretionary
4.7
Materials
4.2
Real Estate
0.0
Top 10 Industries
Fund (%)
Telecommunication Services
18.5
Banks
9.2
Semiconductors & Semiconductor Equipment
7.6
Insurance
7.1
Pharmaceuticals, Biotechnology & Life Sciences
6.9
Energy
5.3
Utilities
5.1
Household & Personal Products
4.9
Financial Services
4.7
Technology Hardware & Equipment
4.6
Top 10 Countries
Fund (%)
United States
24.1
France
12.7
Netherlands
9.9
United Kingdom
8.9
Germany
5.4
Taiwan
4.0
Italy
3.4
Korea, Republic of (South Korea)
3.3
Hong Kong
2.8
Spain
2.7
Capitalization
Fund (%)
Large Cap (> $12 B)
96.5
Mid Cap ($2.5 to $12 B)
3.0
Small Cap (< $2.5 B)
0.6
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,…
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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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