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.
Will TIBIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillar’s below.
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.
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.
The Parent Pillar is our rating of TIBIX’s parent organization’s priorities and whether they’re in line with investors’ interests.