Thornburg Investment Income Builder Fund Q4 2025 Commentary

Thornburg Investment Management16 FollowersFollow5ShareSavePlay(16min)CommentsSummaryFor calendar 2025 the fund paid ordinary dividends of $1.27 per I share, which represents a 2.6% increase over the prior year.Investment Income Builder's I share return of 36.93% for the 12-month period ending December 31, 2025, exceeded the blended benchmark return of 17.60%.We have maintained the portfolio’s exposure to dividend-paying firms that we believe have resilient businesses with strong capital structures and occupy important positions in their respective markets.Incoming economic data from around the world indicate an uncertain global economy in the face of evolving U.S. trade policies, so far resisting falling into a recession. AoZaaStudio/iStock via Getty Images This note will highlight the results of the Thornburg Investment Income Builder Fund for Q4 2025. It is published amidst the ongoing developments associated with the Russian war with Ukraine, ongoing inflation concerns in the U.S., and significantThis article was written byThornburg Investment Management16 FollowersFollowThornburg Investment Management is a privately owned global investment firm that offers a range of multi-strategy solutions for institutions and financial advisors. A recognized leader in fixed income, equity, and alternatives investing, the firm oversees mutual funds, institutional accounts, separate accounts for high-net-worth investors, and UCITS funds for non-U.S. investors. Thornburg was founded in 1982 and is headquartered in Santa Fe, NM. Note: This account is not managed or monitored by Thornburg Investment Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Thornburg Investment Management's official channels.