Thornburg Investment Income Builder Fund (TIBAX)
The investment seeks to provide a level of current income which exceeds the average yield on U.S. stocks; long-term capital appreciation is a secondary objective. The fund pursues its investment goals by investing in a broad range of income producing securities, primarily including stocks and bonds. It will under normal conditions invest at least 80% of its assets in income-producing securities, and at least 50% of its assets in common stocks.
Fund Info
| ISIN | US8852155584 |
|---|---|
| CUSIP | 885215558 |
| Issuer | Thornburg |
| Inception Date | Dec 23, 2002 |
| Category | Global Allocation |
| Min. Investment | $5,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
TIBAX has a high expense ratio of 1.14%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: TIBAX vs. PMAIX, TIBAX vs. HFQAX, TIBAX vs. SGENX, TIBAX vs. CBALX, TIBAX vs. FABLX, TIBAX vs. PGEOX, TIBAX vs. AMECX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Thornburg Investment Income Builder Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Thornburg Investment Income Builder Fund had a return of 10.79% year-to-date (YTD) and 18.68% in the last 12 months. Over the past 10 years, Thornburg Investment Income Builder Fund had an annualized return of 6.69%, while the S&P 500 had an annualized return of 11.39%, indicating that Thornburg Investment Income Builder Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.79% | 25.48% |
| 1 month | -4.07% | 2.14% |
| 6 months | 1.96% | 12.76% |
| 1 year | 18.68% | 33.14% |
| 5 years (annualized) | 8.02% | 13.96% |
| 10 years (annualized) | 6.69% | 11.39% |
Monthly Returns
The table below presents the monthly returns of TIBAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.04% | -0.13% | 5.71% | -1.64% | 3.58% | 0.65% | 3.43% | 1.98% | 0.80% | -1.95% | 10.79% | ||
| 2023 | 5.74% | -0.76% | 0.37% | 2.30% | -3.22% | 4.48% | 2.43% | -1.89% | -0.71% | -2.24% | 5.54% | 5.22% | 18.01% |
| 2022 | 0.25% | -3.23% | 0.82% | -4.59% | 3.38% | -7.14% | 1.59% | -3.23% | -7.19% | 5.78% | 7.87% | -1.31% | -7.95% |
| 2021 | 1.21% | 3.09% | 3.92% | 1.39% | 2.02% | -0.45% | -0.30% | 1.54% | -1.82% | 3.61% | -1.55% | 6.08% | 20.08% |
| 2020 | -1.86% | -7.26% | -18.77% | 8.07% | 3.31% | 2.82% | 1.97% | 1.73% | -2.76% | -2.09% | 13.71% | 4.31% | -0.58% |
| 2019 | 4.09% | 1.15% | 1.61% | 2.82% | -5.53% | 5.55% | -0.88% | -1.31% | 4.09% | 1.52% | 0.32% | 3.50% | 17.71% |
| 2018 | 3.01% | -5.00% | -0.36% | 1.79% | -1.53% | 0.57% | 3.78% | -1.87% | 2.19% | -4.45% | 1.39% | -3.67% | -4.54% |
| 2017 | -0.00% | 1.55% | 2.08% | 0.24% | 1.99% | 0.58% | 1.72% | -0.42% | 2.81% | -0.42% | 2.10% | 1.74% | 14.83% |
| 2016 | -3.43% | -1.04% | 6.20% | 1.21% | 0.83% | 0.39% | 2.27% | 0.56% | 0.58% | -1.87% | 0.82% | 2.89% | 9.49% |
| 2015 | 0.29% | 3.54% | -0.44% | 2.90% | -1.00% | -1.90% | 1.09% | -6.49% | -3.80% | 4.41% | -1.26% | -2.27% | -5.34% |
| 2014 | -2.33% | 4.57% | 0.98% | 1.14% | 1.80% | 1.26% | -0.13% | 1.79% | -3.09% | 0.13% | 0.47% | -1.44% | 5.02% |
| 2013 | 4.91% | 0.35% | 2.55% | 3.68% | -2.04% | -2.54% | 1.92% | -2.27% | 4.26% | 3.66% | -0.17% | 1.45% | 16.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TIBAX is 68, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Thornburg Investment Income Builder Fund (TIBAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Thornburg Investment Income Builder Fund provided a 4.42% dividend yield over the last twelve months, with an annual payout of $1.14 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.14 | $1.12 | $1.19 | $1.25 | $0.88 | $0.96 | $0.90 | $0.93 | $0.77 | $0.82 | $1.09 | $0.96 |
Dividend yield | 4.42% | 4.67% | 5.62% | 5.10% | 4.11% | 4.23% | 4.49% | 4.22% | 3.83% | 4.31% | 5.20% | 4.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Thornburg Investment Income Builder Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.77 | |
| 2023 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.37 | $1.12 |
| 2022 | $0.00 | $0.00 | $0.20 | $0.07 | $0.00 | $0.25 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.39 | $1.19 |
| 2021 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.44 | $1.25 |
| 2020 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.29 | $0.88 |
| 2019 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.30 | $0.96 |
| 2018 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.28 | $0.90 |
| 2017 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.30 | $0.93 |
| 2016 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.22 | $0.77 |
| 2015 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.25 | $0.82 |
| 2014 | $0.07 | $0.08 | $0.09 | $0.07 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.00 | $0.26 | $1.09 |
| 2013 | $0.07 | $0.07 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.08 | $0.07 | $0.08 | $0.96 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Thornburg Investment Income Builder Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Thornburg Investment Income Builder Fund was 46.73%, occurring on Mar 9, 2009. Recovery took 404 trading sessions.
The current Thornburg Investment Income Builder Fund drawdown is 4.68%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.73% | Nov 1, 2007 | 338 | Mar 9, 2009 | 404 | Oct 13, 2010 | 742 |
| -34.8% | Jan 21, 2020 | 44 | Mar 23, 2020 | 200 | Jan 6, 2021 | 244 |
| -20.94% | Feb 10, 2022 | 169 | Oct 12, 2022 | 231 | Sep 14, 2023 | 400 |
| -20.71% | Apr 28, 2015 | 201 | Feb 11, 2016 | 301 | Apr 24, 2017 | 502 |
| -14.3% | May 2, 2011 | 101 | Sep 22, 2011 | 219 | Aug 7, 2012 | 320 |
Volatility
Volatility Chart
The current Thornburg Investment Income Builder Fund volatility is 2.06%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.