Thornburg Investment Income Builder ATIBAX

Fund Research and Analysis

by William Samuel Rocco

Thornburg Investment Income Builder does more than provide a nice payout. This world-allocation fund's primary purpose is to provide its investors with a robust income stream that grows over time. Toward that end, Brian McMahon, Jason Brady, and Ben Read more

Process Pillar:Positive

This fund, which is designed to take advantage of research that indicates that firms with higher dividend payout ratios generate higher earnings growth rates over the next 10 years, strives to deliver Read more

Performance Pillar:Positive

The fund has performed well over the short and long terms. For the 12 months through Feb. 26, 2013, the fund has gained 10.4% while the typical world-allocation offering has returned 4.7%. The fund has Read more

People Pillar:Positive

Brian McMahon, who has been at the helm of this fund since it opened in late 2002, manages the stock portion of the portfolio. McMahon--who also serves as the president, CEO, and CIO of Thornburg--has 33 years of investment experience overall. He joined Read more

Price Pillar:Positive

The front-load share class, which has roughly 30% of the fund's $12.4 billion in assets, had an expense ratio of 1.20% as of its Sept. 30, 2012, annual report. That expense ratio compares favorably to Read more