Thornburg Investment Income Builder Fund Class C (TIBCX)
Thornburg Investment Income Builder Fund Class C operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Santa Fe, NM, US. The stock last traded at $38.60, up 0.21% on the session, giving a market capitalisation of $22.62B. Its beta of 0.77 implies it has historically moved less than the broad market.
The fund's primary aim is to generate a substantial stream of current income, specifically targeting a yield higher than the typical return from U.S. equities; achieving long-term capital appreciation is a secondary objective. To accomplish these goals, it strategically allocates capital across a diverse portfolio of assets designed to produce income, predominantly comprising equities and fixed-income instruments. Under normal circumstances, at least 80% of its total assets will be deployed into income-generating investments, with common stocks making up no less than half of the portfolio.
Thornburg Investment Income Builder Fund Class C is most often compared with the following Financial Services names: