Thornburg Investment Income Builder Fund

Fund Profile

Fund profile

Tickers

TIBAX, TIBCX, TIBIX, TIBRX, TIBMX, TIBGX, TIBOX

Fund manager

Thornburg Investment Income Builder Fund Class C

Total assets

$13.56 bn

Liabilities

$25.07 mm

Net assets

$13.53 bn

Number of holdings

342.00

Top 200 of 342 Holdings

As of Dec 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
Thornburg Capital Management Fund	765.04 mm	76.50 mm shares	5.65	Common equity	Long	USA
Broadcom Pte. Ltd.	723.01 mm	3.12 mm shares	5.34	Common equity	Long	USA
Orange SA	696.79 mm	69.87 mm shares	5.15	Common equity	Long	France
Taiwan Semiconductor Manufacturing Co Ltd	595.07 mm	18.15 mm shares	4.40	Common equity	Long	Taiwan
T AT&T Inc.	547.93 mm	24.06 mm shares	4.05	Common equity	Long	USA
C Citigroup Inc.	475.62 mm	6.76 mm shares	3.51	Common equity	Long	USA
TotalEnergies SE	458.03 mm	8.29 mm shares	3.38	Common equity	Long	France
Enel SpA	419.75 mm	58.82 mm shares	3.10	Common equity	Long	Italy
NN Group NV	406.58 mm	9.33 mm shares	3.00	Common equity	Long	Netherlands
BNP Paribas SA	403.44 mm	6.58 mm shares	2.98	Common equity	Long	France
Tesco PLC	382.81 mm	83.03 mm shares	2.83	Common equity	Long	UK
Endesa SA	308.47 mm	14.34 mm shares	2.28	Common equity	Long	Spain
CME CME Group Inc.	284.76 mm	1.23 mm shares	2.10	Common equity	Long	USA
Roche Holding AG	259.59 mm	928.40 k shares	1.92	Common equity	Long	Switzerland
Samsung Electronics Co Ltd	248.22 mm	6.96 mm shares	1.83	Common equity	Long	Korea, Republic of
EQH Equitable Holdings, Inc.	246.55 mm	5.23 mm shares	1.82	Common equity	Long	USA
PFE Pfizer Inc.	244.46 mm	9.21 mm shares	1.81	Common equity	Long	USA
Deutsche Telekom AG	241.35 mm	8.06 mm shares	1.78	Common equity	Long	Germany
Vodafone Group PLC	209.91 mm	245.49 mm shares	1.55	Common equity	Long	UK
AstraZeneca PLC	203.10 mm	1.55 mm shares	1.50	Common equity	Long	UK
HD The Home Depot, Inc.	196.63 mm	505.48 k shares	1.45	Common equity	Long	USA
Glencore PLC	190.31 mm	43.02 mm shares	1.41	Common equity	Long	Jersey
MRK Merck & Co., Inc.	184.38 mm	1.85 mm shares	1.36	Common equity	Long	USA
TRP TC Energy Corporation	172.55 mm	3.70 mm shares	1.28	Common equity	Long	Canada
BAE Systems PLC	168.93 mm	11.75 mm shares	1.25	Common equity	Long	UK
Singapore Telecommunications Ltd	168.48 mm	74.70 mm shares	1.24	Common equity	Long	Singapore
Bank of Ireland Group PLC	156.57 mm	17.16 mm shares	1.16	Common equity	Long	Ireland
Zegona Communications plc	148.84 mm	28.44 mm shares	1.10	Common equity	Long	UK
Generali	147.82 mm	5.22 mm shares	1.09	Common equity	Long	Italy
Medtronic PLC	146.16 mm	1.83 mm shares	1.08	Common equity	Long	Ireland
JPM JPMorgan Chase & Co.	145.84 mm	608.39 k shares	1.08	Common equity	Long	USA
ABBV AbbVie Inc.	142.08 mm	799.56 k shares	1.05	Common equity	Long	USA
ENB Enbridge Inc.	140.47 mm	3.31 mm shares	1.04	Common equity	Long	Canada
LyondellBasell Industries NV	138.73 mm	1.87 mm shares	1.03	Common equity	Long	Netherlands
Deutsche Post AG	125.70 mm	3.56 mm shares	0.93	Common equity	Long	Germany
CSCO Cisco Systems, Inc.	119.20 mm	2.01 mm shares	0.88	Common equity	Long	USA
RF Regions Financial Corporation	116.57 mm	4.96 mm shares	0.86	Common equity	Long	USA
Novartis AG	112.27 mm	1.15 mm shares	0.83	Common equity	Long	Switzerland
Siemens AG	107.93 mm	553.50 k shares	0.80	Common equity	Long	Germany
Koninklijke KPN NV	101.89 mm	27.98 mm shares	0.75	Common equity	Long	Netherlands
E.ON SE	96.98 mm	8.33 mm shares	0.72	Common equity	Long	Germany
Shell PLC	94.09 mm	3.04 mm shares	0.70	Common equity	Long	UK
PBR Petróleo Brasileiro S.A. - Petrobras	94.01 mm	7.31 mm shares	0.69	Common equity	Long	Brazil
Telefonica Emisiones SA	93.86 mm	85.39 mm principal	0.69	Debt	Long	Spain
Nestle SA	73.21 mm	892.30 k shares	0.54	Common equity	Long	Switzerland
SLRC SLR Investment Corp.	69.62 mm	4.31 mm shares	0.51	Common equity	Long	USA
CIM Chimera Investment Corporation	69.27 mm	4.95 mm shares	0.51	Common equity	Long	USA
Eni SpA	59.77 mm	4.37 mm shares	0.44	Common equity	Long	Italy
Mercedes-Benz Group AG	51.88 mm	930.60 k shares	0.38	Common equity	Long	Germany
Snam SpA	51.57 mm	11.63 mm shares	0.38	Common equity	Long	Italy
BIM Birlesik Magazalar AS	49.47 mm	3.31 mm shares	0.37	Common equity	Long	Turkey
HCL Technologies Ltd	47.05 mm	2.09 mm shares	0.35	Common equity	Long	India
Engie SA	46.32 mm	2.92 mm shares	0.34	Common equity	Long	France
MFIC MidCap Financial Investment Corporation	39.63 mm	2.94 mm shares	0.29	Common equity	Long	USA
ELME Elme Communities	36.72 mm	2.40 mm shares	0.27	Common equity	Long	USA
Digicel Intermediate Holdings Ltd / Digicel International Finance Ltd / Difl US	36.28 mm	37.24 mm principal	0.27	Debt	Long	XX
Transcontinental Gas Pipe Line Co LLC	33.53 mm	32.70 mm principal	0.25	Debt	Long	USA
AXA SA	31.68 mm	891.20 k shares	0.23	Common equity	Long	France
Deutsche Telekom International Finance BV	30.40 mm	26.15 mm principal	0.22	Debt	Long	Netherlands
Glebe Funding Trust 2024-1/The	28.89 mm	28.85 mm principal	0.21	ABS-mortgage backed security	Long	USA
SMC Summit Midstream Corp.	25.18 mm	160.97 k shares	0.19	Preferred equity	Long	USA
KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc	25.03 mm	24.14 mm principal	0.18	Debt	Long	USA
KMI Kinder Morgan, Inc.	23.07 mm	23.63 mm principal	0.17	Debt	Long	USA
OCI NV	17.92 mm	1.60 mm shares	0.13	Common equity	Long	Netherlands
SOBO South Bow Corporation	17.47 mm	740.49 k shares	0.13	Common equity	Long	Canada
College Ave Student Loans 2023-A LLC	16.52 mm	35.00 k principal	0.12	ABS-other	Long	USA
Enstar Finance LLC	15.77 mm	15.96 mm principal	0.12	Debt	Long	USA
PURCHASED USD / SOLD EUR Brown Brothers Harriman & Co.	15.05 mm	1.00 contracts	0.11	DFE	N/A	USA
Homeward Opportunities Fund Trust 2024-RTL1	15.03 mm	14.90 mm principal	0.11	ABS-mortgage backed security	Long	USA
PURCHASED USD / SOLD EUR State Street Bank & Trust Co.	14.81 mm	1.00 contracts	0.11	DFE	N/A	USA
Pegasus Hava Tasimaciligi AS	14.64 mm	14.75 mm principal	0.11	Debt	Long	Turkey
CSMC 2021-AFC1 Trust	14.24 mm	74.25 mm principal	0.11	ABS-mortgage backed security	Long	USA
OBX 2021-NQM4 Trust	14.12 mm	17.14 mm principal	0.10	ABS-mortgage backed security	Long	USA
MET MetLife, Inc.	14.10 mm	12.00 mm principal	0.10	Debt	Long	USA
CPS Auto Securitization Trust 2021-1	13.76 mm	14.00 mm principal	0.10	ABS-other	Long	USA
WMB The Williams Companies, Inc.	13.75 mm	14.20 mm principal	0.10	Debt	Long	USA
Energy Transfer LP	13.71 mm	13.82 mm principal	0.10	Debt	Long	USA
Delek Logistics Partners LP / Delek Logistics Finance Corp	13.68 mm	13.23 mm principal	0.10	Debt	Long	USA
CXW CoreCivic, Inc.	13.61 mm	12.87 mm principal	0.10	Debt	Long	USA
FAT Brands Fazoli's Native I LLC	13.25 mm	13.83 mm principal	0.10	ABS-other	Long	USA
Blue Owl Technology Finance Corp	13.11 mm	13.25 mm principal	0.10	Debt	Long	USA
LendingPoint 2020-REV1 Asset Securitization Trust	13.09 mm	13.14 mm principal	0.10	ABS-other	Long	USA
Barclays Mortgage Loan Trust 2022-INV1	12.61 mm	13.43 mm principal	0.09	ABS-mortgage backed security	Long	USA
Blue Owl Technology Finance Corp	12.57 mm	13.00 mm principal	0.09	Debt	Long	USA
Burford Capital Global Finance LLC	12.24 mm	11.50 mm principal	0.09	Debt	Long	USA
Energean Israel Finance Ltd	12.18 mm	12.41 mm principal	0.09	Debt	Long	Israel
Antares Holdings LP	11.55 mm	11.50 mm principal	0.09	Debt	Long	USA
Barclays Mortgage Trust 2022-RPL1	11.11 mm	11.34 mm principal	0.08	ABS-mortgage backed security	Long	USA
KIOR Kior Inc	10.78 mm	11.40 mm principal	0.08	Debt	Long	USA
CITGO Petroleum Corp	10.76 mm	10.75 mm principal	0.08	Debt	Long	USA
HMN Horace Mann Educators Corporation	10.65 mm	10.00 mm principal	0.08	Debt	Long	USA
Retail Opportunity Investments Partnership LP	10.59 mm	9.99 mm principal	0.08	Debt	Long	USA
Morgan Stanley Capital I Trust 2024-BPR2	10.17 mm	9.85 mm principal	0.08	ABS-mortgage backed security	Long	USA
Kinder Morgan Energy Partners L P	10.07 mm	10.00 mm principal	0.07	Debt	Long	USA
Cogent Communications Group LLC	10.03 mm	10.00 mm principal	0.07	Debt	Long	USA
Trust Fibra Uno	9.96 mm	10.00 mm principal	0.07	Debt	Long	Mexico
Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL	9.91 mm	10.44 mm principal	0.07	Debt	Long	Virgin Islands (British)
Prosus NV	9.90 mm	11.80 mm principal	0.07	Debt	Long	Netherlands
KeyBank NA/Cleveland OH	9.82 mm	10.25 mm principal	0.07	Debt	Long	USA
DataBank Issuer	9.77 mm	10.00 mm principal	0.07	ABS-other	Long	USA
Telenet Finance Luxembourg Notes Sarl	9.72 mm	10.00 mm principal	0.07	Debt	Long	Luxembourg
POST Post Holdings, Inc.	9.68 mm	10.00 mm principal	0.07	Debt	Long	USA
Aegea Finance Sarl	9.66 mm	9.50 mm principal	0.07	Debt	Long	Luxembourg
MFA 2024-NPL1 Trust	9.58 mm	9.56 mm principal	0.07	ABS-mortgage backed security	Long	USA
Carvana Auto Receivables Trust 2019-4	9.48 mm	32.00 k principal	0.07	ABS-other	Long	USA
GEO The GEO Group, Inc.	9.48 mm	8.98 mm principal	0.07	Debt	Long	USA
Cogent Ipv4 LLC	9.27 mm	9.03 mm principal	0.07	ABS-other	Long	USA
CD&R Smokey Buyer Inc / Radio Systems Corp	9.08 mm	9.23 mm principal	0.07	Debt	Long	USA
OTEX Open Text Corporation	9.06 mm	10.00 mm principal	0.07	Debt	Long	Canada
Starwood Mortgage Residential Trust 2019-INV1	8.93 mm	10.00 mm principal	0.07	ABS-mortgage backed security	Long	USA
First Horizon Bank	8.93 mm	12.00 k shares	0.07	Preferred equity	Long	USA
Kinder Morgan Energy Partners L P	8.72 mm	10.00 mm principal	0.06	Debt	Long	USA
Petroleos Mexicanos	8.44 mm	10.00 mm principal	0.06	Debt	Long	Mexico
QRVO Qorvo, Inc.	8.39 mm	9.80 mm principal	0.06	Debt	Long	USA
Comision Federal de Electricidad	8.10 mm	9.30 mm principal	0.06	Debt	Long	Mexico
PRPM 2022-NQM1 Trust	8.08 mm	8.14 mm principal	0.06	ABS-mortgage backed security	Long	USA
Houston Galleria Mall Trust 2015-HGLR	8.00 mm	8.03 mm principal	0.06	ABS-mortgage backed security	Long	USA
Imagefirst Holdings LLC 2024 Term Loan	7.97 mm	7.97 mm principal	0.06	Loan	Long	USA
MATW Matthews International Corporation	7.96 mm	7.67 mm principal	0.06	Debt	Long	USA
Continental Finance Credit Card ABS Master Trust	7.89 mm	7.84 mm principal	0.06	ABS-other	Long	USA
Windsor Holdings III LLC	7.86 mm	7.47 mm principal	0.06	Debt	Long	USA
Vornado Realty LP	7.80 mm	8.19 mm principal	0.06	Debt	Long	USA
IRM Iron Mountain Incorporated	7.67 mm	7.50 mm principal	0.06	Debt	Long	USA
FNF Fidelity National Financial, Inc.	7.61 mm	8.38 mm principal	0.06	Debt	Long	USA
Xerox Holdings Corp 2023 Term Loan B	7.58 mm	7.60 mm principal	0.06	Loan	Long	USA
Comision Federal de Electricidad	7.55 mm	8.00 mm principal	0.06	Debt	Long	Mexico
Medco Maple Tree Pte Ltd	7.36 mm	7.00 mm principal	0.05	Debt	Long	Singapore
Sirius XM Radio LLC	7.29 mm	7.50 mm principal	0.05	Debt	Long	USA
Empresa Generadora de Electricidad Haina SA	7.27 mm	7.85 mm principal	0.05	Debt	Long	Dominican Republic
Redwood Funding Trust 2024-1	7.15 mm	7.16 mm principal	0.05	ABS-mortgage backed security	Long	USA
Enstar Group Ltd	7.14 mm	8.35 mm principal	0.05	Debt	Long	Bermuda
Aqua Finance Trust 2020-A	7.03 mm	7.50 mm principal	0.05	ABS-other	Long	USA
BWXT BWX Technologies, Inc.	7.02 mm	7.50 mm principal	0.05	Debt	Long	USA
CCO Holdings LLC / CCO Holdings Capital Corp	7.02 mm	8.00 mm principal	0.05	Debt	Long	USA
Stewart Information Services Corp	7.01 mm	8.10 mm principal	0.05	Debt	Long	USA
American Airlines 2016-3 Class B Pass Through Trust	6.88 mm	7.03 mm principal	0.05	Debt	Long	USA
SG Residential Mortgage Trust 2019-3	6.86 mm	7.91 mm principal	0.05	ABS-mortgage backed security	Long	USA
ACCO ACCO Brands Corporation	6.83 mm	7.50 mm principal	0.05	Debt	Long	USA
FICO Fair Isaac Corporation	6.61 mm	7.00 mm principal	0.05	Debt	Long	USA
Barclays Mortgage Trust 2021-NPL1	6.43 mm	6.53 mm principal	0.05	ABS-other	Long	USA
TransDigm Inc	6.41 mm	6.35 mm principal	0.05	Debt	Long	USA
Energean Israel Finance Ltd	6.03 mm	6.50 mm principal	0.04	Debt	Long	Israel
LKQ LKQ Corporation	6.02 mm	5.84 mm principal	0.04	Debt	Long	USA
Compass Group Diversified Holdings LLC	6.00 mm	6.27 mm principal	0.04	Debt	Long	USA
Arches Buyer Inc	5.97 mm	6.50 mm principal	0.04	Debt	Long	USA
Finance Department Government of Sharjah	5.86 mm	7.00 mm principal	0.04	Debt	Long	United Arab Emirates
PURCHASED USD / SOLD GBP State Street Bank & Trust Co.	5.83 mm	1.00 contracts	0.04	DFE	N/A	USA
US Foods Inc	5.64 mm	5.88 mm principal	0.04	Debt	Long	USA
JT International Financial Services BV	5.44 mm	5.00 mm principal	0.04	Debt	Long	Netherlands
American Airlines 2019-1 Class B Pass Through Trust	5.44 mm	5.79 mm principal	0.04	Debt	Long	USA
Visio 2022-1 Trust	5.33 mm	5.35 mm principal	0.04	ABS-mortgage backed security	Long	USA
Carvana Auto Receivables Trust 2022-P1	5.33 mm	24.00 k principal	0.04	ABS-other	Long	USA
VNT Vontier Corporation	5.29 mm	5.83 mm principal	0.04	Debt	Long	USA
PII Polaris Inc.	5.26 mm	5.00 mm principal	0.04	Debt	Long	USA
Boost Newco Borrower LLC	5.24 mm	5.00 mm principal	0.04	Debt	Long	USA
Imperial Brands Finance PLC	5.13 mm	5.00 mm principal	0.04	Debt	Long	UK
SFO Commercial Mortgage Trust 2021-555	5.09 mm	5.21 mm principal	0.04	ABS-mortgage backed security	Long	USA
New Residential Mortgage Loan Trust 2024-RTL1	5.05 mm	5.00 mm principal	0.04	ABS-mortgage backed security	Long	USA
SUN Sunoco LP	5.05 mm	4.89 mm principal	0.04	Debt	Long	USA
CIM Trust 2023-I1	5.05 mm	5.00 mm principal	0.04	ABS-mortgage backed security	Long	USA
SBA Tower Trust	4.99 mm	5.00 mm principal	0.04	Debt	Long	USA
Retained Vantage Data Centers Issuer LLC	4.98 mm	5.00 mm principal	0.04	ABS-other	Long	USA
DaVinciRe Holdings Ltd	4.98 mm	5.00 mm principal	0.04	Debt	Long	Bermuda
Sunoco LP / Sunoco Finance Corp	4.98 mm	5.00 mm principal	0.04	Debt	Long	USA
United Wholesale Mortgage LLC	4.98 mm	5.00 mm principal	0.04	Debt	Long	USA
Antares Holdings LP	4.96 mm	5.00 mm principal	0.04	Debt	Long	USA
OCP SA	4.94 mm	5.00 mm principal	0.04	Debt	Long	Morocco
Navoi Mining & Metallurgical Combinat	4.88 mm	4.90 mm principal	0.04	Debt	Long	Uzbekistan
CDW LLC / CDW Finance Corp	4.84 mm	5.00 mm principal	0.04	Debt	Long	USA
SAIC Science Applications International Corporation	4.81 mm	5.00 mm principal	0.04	Debt	Long	USA
Sirius XM Radio LLC	4.81 mm	5.00 mm principal	0.04	Debt	Long	USA
Wells Fargo Mortgage Backed Securities 2021-INV1 Trust	4.68 mm	167.74 mm principal	0.03	ABS-mortgage backed security	Long	USA
KMI Kinder Morgan, Inc.	4.67 mm	5.00 mm principal	0.03	Debt	Long	USA
AES Espana BV	4.61 mm	4.85 mm principal	0.03	Debt	Long	Netherlands
Nigeria Government International Bond	4.57 mm	6.00 mm principal	0.03	Debt	Long	Nigeria
TRISTATE INSURED CASH SWEEP	4.45 mm	4.45 mm shares	0.03	Short-term investment vehicle	Long	USA
Petroleos Mexicanos	4.25 mm	5.65 mm principal	0.03	Debt	Long	Mexico
WE Soda Investments Holding PLC	4.23 mm	4.15 mm principal	0.03	Debt	Long	UK
MAR Marriott International, Inc.	4.20 mm	4.50 mm principal	0.03	Debt	Long	USA
DAR Darling Ingredients Inc.	4.00 mm	4.05 mm principal	0.03	Debt	Long	USA
HTGC Hercules Capital, Inc.	3.90 mm	4.10 mm principal	0.03	Debt	Long	USA
NYC Commercial Mortgage Trust 2021-909	3.89 mm	5.00 mm principal	0.03	ABS-mortgage backed security	Long	USA
Angel Oak Mortgage Trust 2022-6	3.68 mm	4.01 mm principal	0.03	ABS-mortgage backed security	Long	USA
Geo Group Inc (The) 2024 Term Loan B	3.62 mm	3.56 mm principal	0.03	Loan	Long	USA
Prosus NV	3.36 mm	5.00 mm principal	0.02	Debt	Long	Netherlands
New Residential Mortgage Loan Trust 2021-INV1	3.32 mm	92.05 mm principal	0.02	ABS-mortgage backed security	Long	USA
CSMC 2022-NQM5 Trust	3.31 mm	3.42 mm principal	0.02	ABS-mortgage backed security	Long	USA
JPMorgan Chase Bank NA - CACLN	3.29 mm	3.08 mm principal	0.02	ABS-other	Long	USA
Flagship Credit Auto Trust 2019-4	3.24 mm	60.00 k principal	0.02	ABS-other	Long	USA
Prosus NV	3.24 mm	5.00 mm principal	0.02	Debt	Long	Netherlands
Oaktree Strategic Credit Fund	3.21 mm	3.00 mm principal	0.02	Debt	Long	USA
Antares Holdings LP	3.14 mm	3.00 mm principal	0.02	Debt	Long	USA
CSMC 2020-AFC1 Trust	3.10 mm	3.81 mm principal	0.02	ABS-mortgage backed security	Long	USA
Carvana Auto Receivables Trust 2021-P4	3.03 mm	17.50 k principal	0.02	ABS-other	Long	USA
CPS Auto Receivables Trust 2020-C	3.00 mm	3.00 mm principal	0.02	ABS-other	Long	USA
Cushman & Wakefield US Borrower LLC	3.00 mm	3.00 mm principal	0.02	Debt	Long	USA
Galton Funding Mortgage Trust 2020-H1	3.00 mm	4.38 mm principal	0.02	ABS-mortgage backed security	Long	USA
GS Mortgage-Backed Securities Trust 2020-INV1	2.87 mm	4.40 mm principal	0.02	ABS-mortgage backed security	Long	USA
Morgan Stanley	2.86 mm	120.00 k shares	0.02	Preferred equity	Long	USA
Flagship Credit Auto Trust 2019-3	2.85 mm	60.00 k principal	0.02	ABS-other	Long	USA