Thornburg Investment Income Builder Fund Class I (TIBIX)
Thornburg Investment Income Builder Fund Class I operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Santa Fe, NM, US. The stock last traded at $39.01, up 0.21% on the session, giving a market capitalisation of $22.62B. On trailing twelve-month figures it carries a trailing P/E of 1250.32, a net margin of 11.5%. Its beta of 0.77 implies it has historically moved less than the broad market.
The Thornburg Investment Income Builder Fund Class I aims to deliver a consistent stream of current income that surpasses the average yield of U.S. equities. Its secondary objective is to achieve growth in capital over the long term. To fulfill these goals, the fund strategically allocates its investments across a wide array of income-generating securities, primarily focusing on common stocks and bonds. Under typical market circumstances, at least 80% of the fund's total assets will be invested in instruments that produce income, and at least half of its portfolio will be dedicated to common stocks.
Thornburg Investment Income Builder Fund Class I is most often compared with the following Financial Services names: