Fund Objective

The Fund’s primary investment goal is to provide a level of current income which exceeds the average yield on U.S. stocks generally, and which will generally grow, subject to periodic fluctuations, over the years on a per share basis. The Fund’s secondary investment goal is long-term capital appreciation.

There is no guarantee that the Fund will meet its objectives.

Investment Strategy

The Fund invests in companies (both in the U.S. and abroad) with histories of paying dividends and showing the capacity to increase them. To provide additional income, the Fund may invest in debt obligations of any kind.

Portfolio Management

Portfolio managers are supported by the entire Thornburg investment team.

FUND FACTS as of 5/24/2019

(from 5/23/2019)
CLASS ATIBAX$20.95$0.11161885-215-55812/24/2002
CLASS CTIBCX$20.93$0.11661885-215-54112/24/2002
CLASS ITIBIX$21.11$0.11261885-215-46711/3/2003
CLASS R3TIBRX$20.95$0.11461885-215-3842/1/2005
CLASS R4TIBGX$20.98$0.11861885-215-1862/1/2008
CLASS R5TIBMX$21.09$0.11591885-215-2362/1/2007
CLASS R6TIBOX$21.04$0.111482885-216-6634/10/2017
  • Net Assets as of 4/30/2019: $14.74 B
  • Capital Gains Paid Annually: No 2018 Capital Gains Paid
  • Benchmark: Blended Index
Important Information
Before investing, carefully consider the Fund’s investment goals, risks, charges, and expenses. For a prospectus or summary prospectus containing this and other information, contact your financial advisor or visit Read them carefully before investing.

Investments carry risks, including possible loss of principal. Additional risks may be associated with investments outside the United States, especially in emerging markets, including currency fluctuations, illiquidity, volatility, and political and economic risks. Investments in small- and mid-capitalization companies may increase the risk of greater price fluctuations. Portfolios investing in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds. The value of bonds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. Investments in the Fund are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.

The performance of any index is not indicative of the performance of any particular investment. Unless otherwise noted, index returns reflect the reinvestment of income dividends and capital gains, if any, but do not reflect fees, brokerage commissions or other expenses of investing. Investors may not make direct investments into any index.

Thornburg Investment Income Builder Fund's Blended Index is composed of 25% Bloomberg Barclays U.S. Aggregate Bond Index and 75% MSCI World Index, rebalanced monthly.

Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment losses.

Dividends are not guaranteed.

A bond credit rating assesses the financial ability of a debt issuer to make timely payments of principal and interest. Ratings of AAA (the highest), AA, A, and BBB are investment-grade quality. Ratings of BB, B, CCC, CC, C and D (the lowest) are considered below investment grade, speculative grade, or junk bonds.

Credit quality ratings for Thornburg Investment Income Builder used ratings from Moody’s Investors Service. Where Moody’s ratings are not available, we have used S&P Global Ratings. Where neither rating is available, we have used ratings from other nationally recognized statistical rating organizations (NRSROs).

Class R shares are limited to retirement platforms only.

Class I shares may not be available to all investors. Minimum investments for the I share class may be higher than those for other classes.

There is no guarantee that the Fund will meet its investment objectives.

Please see our glossary for a definition of terms.

Thornburg mutual funds are distributed by Thornburg Securities Corporation.

Thornburg Investment Management, Inc. mutual funds are sold through investment professionals including investment advisors, brokerage firms, bank trust departments, trust companies and certain other financial intermediaries. Thornburg Securities Corporation (TSC) does not act as broker of record for investors.