Thornburg Investment Income Builder's flexible approach to multi-asset income, which delivers a riskier portfolio relative to peers and its Morningstar Category index, has amplified the fund's drawdown during the current market sell-off. From Feb. 20 through March 27, 2020, the fund's institutional share class lost 28.0% compared with a 15.9% loss for its Morningstar Global Allocation Index. This underperformance lands the fund in the bottom decile of the world-allocation category.
Thornburg Investment Income Builder I TIBIX
NAV / 1-Day Return
19.27
/
1.32
%
Total Assets
10.5 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.020%
Expense Ratio
1.020%
Fee Level
Above Average
Longest Manager Tenure
17.56
years
Category
US Fund World Allocation
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
Low / ModerateStatus
Open
TTM Yield
5.22%
Turnover
44%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will TIBIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillar’s below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TIBIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the TIBIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of TIBIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Thornburg Investment Income Builder Struggles During Sell-Off but Retains Its Rating
