Thornburg Investment Income Builder lost another portfolio manager this year, following a slew of team turnover since 2020. The result is a team that is still well-suited to the task at hand, but stability is needed to increase confidence in this aggressive income strategy.
Thornburg Investment Income Builder I TIBIX
- NAV / 1-Day Return 27.07 / −0.50 %
- Total Assets 14.0 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.920%
- Distribution Fee Level Above Average
- Share Class Type Institutional
- Category Global Allocation
- Investment Style Large Value
- Credit Quality / Interest Rate Sensitivity —
- Status Open
- TTM Yield 4.45%
- Turnover 25%
USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:17 PM GMT+0
Morningstar’s Analysis TIBIX
Will TIBIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 37.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Orange SA | 5.01 | 680.0 Mil | Communication Services |
Broadcom Inc | 4.22 | 573.2 Mil | Technology |
TotalEnergies SE | 4.12 | 559.0 Mil | Energy |
Thornburg Capital Management | 4.09 | 554.7 Mil | — |
Taiwan Semiconductor Manufacturing Co Ltd | 3.80 | 515.7 Mil | Technology |
NN Group NV | 3.61 | 489.4 Mil | Financial Services |
BNP Paribas Act. Cat.A | 3.33 | 451.7 Mil | Financial Services |
AT&T Inc | 3.32 | 450.7 Mil | Communication Services |
Enel SpA | 3.09 | 419.9 Mil | Utilities |
Citigroup Inc | 2.85 | 386.3 Mil | Financial Services |