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Thornburg Investment Income Builder I TIBIX

Analyst rating as of
NAV / 1-Day Return
23.91  /  0.60 %
Total Assets
11.2 Bil
Adj. Expense Ratio
0.980%
Expense Ratio
0.980%
Fee Level
Above Average
Longest Manager Tenure
18.37 years
Category
World Allocation
Investment Style
Large Value
Credit Quality / Interest Rate Sensitivity
Low / Limited
Status
Open
TTM Yield
4.10%
Turnover
48%
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Morningstar’s Analysis

Will TIBIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A risky approach to income.

Summary

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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.

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