Thornburg Investment Income Builder Fund Class R4
TIBGX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 2300 North Ridgetop Road Santa Fe NM United States of America 87506-8361
- IPO Date
- Feb 1, 2008
- CIK
- 0000816153
- Website
- thornburg.com
- Similar Companies
- Business
- Thornburg Investment Income Builder Fund Class R4 (TIBGX) is a multi-asset mutual fund managed by Thornburg Investment Management that seeks to deliver a consistent income stream through dividends while pursuing long-term capital growth; the portfolio emphasizes globally diversified income-generating securities, including non-U.S. stocks (approximately 58%), U.S. stocks (22%), cash (11%), U.S. bonds (5%), and non-U.S. bonds (2%), with a focus on large-cap value equities and fixed income instruments selected for their yield and growth potential. The fund offers daily pricing and quarterly distributions, targeting investors such as individuals seeking retirement income, institutions, and financial advisors; it falls within the Morningstar Global Moderately Aggressive Allocation category and benchmarks against the Investment Income Builder Blended Index. Managed by a team led by Brian McMahon (since 2002), Matt Burdett (since 2019, elevated to lead equity sleeve following Ben Kirby's mid-2024 departure), and Christian Hoffmann (since 2023), the Class R4 shares feature a net expense ratio of approximately 0.93% and a minimum initial investment tailored for retirement plans and advisors. Thornburg Investment Management, the fund's sponsor, founded in 1982 and headquartered in Santa Fe, New Mexico, with additional offices in Hong Kong and London, oversees approximately $46-47 billion in client assets across mutual funds, closed-end funds, institutional separate accounts, and UCITS funds for non-U.S. investors; the firm specializes in active strategies across equities, fixed income, multi-asset, and alternatives without sector-specific focus. TIBGX, with its Class R4 inception in February 2008, operates primarily in the United States but invests globally across developed and emerging markets to capture dividend growth opportunities. Recent developments at Thornburg include the September 2024 announcement of a joint venture with Bow River Capital to launch private credit solutions for lower- and middle-market businesses in the Rocky Mountain West, Midwest, and Southwest regions, expected to close in Q4 2024; in May 2025, the firm enhanced its UCITS fund range by reclassifying five funds (including the Investment Income Builder UCITS variant) to Article 8 under EU SFDR for ESG integration, reducing management fees on several share classes, and repositioning the UCITS Investment Income Builder as the Thornburg Equity Income Builder Fund to emphasize its global equity income focus while maintaining the core strategy from 2003. Portfolio management saw a key transition in mid-2024 with Ben Kirby's departure, elevating Matt Burdett to lead equities; ongoing quarterly commentaries note stable ordinary dividends (e.g., $0.273 per I share in Q2 2025) amid currency volatility. These changes reflect Thornburg's strategic expansion into private credit, ESG-aligned offerings, cost efficiencies, and team continuity to broaden accessibility for global investors.