Thornburg Investment Income Builder has an experienced team and its high-octane approach produces an attractive yield for investors. However, its large overweight in value stocks combined with a bond sleeve that provides an insufficient ballast has exposed investors to more-volatile returns and larger drawdowns than peers and the index, warranting a downgrade of its Morningstar Analyst Rating to Neutral from Bronze for its cheapest share classes. Its more-expensive shares remain Neutral.
Thornburg Investment Income Builder I TIBIX
NAV / 1-Day Return
23.91
/
0.60
%
Total Assets
11.2 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.
0.980%
Expense Ratio
0.980%
Fee Level
Above Average
Longest Manager Tenure
18.37
years
Category
World Allocation
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
Low / LimitedStatus
Open
TTM Yield
4.10%
Turnover
48%
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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 pillars 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.
A risky approach to income.
