Thornburg Investment Income Builder Fund Holdings
The Investment Income Builder Fund employs a mix of equities and bonds. The equity component is a diversified portfolio consisting of both foreign and domestic companies with histories of paying dividends and showing the capacity to increase them. It is typically weighted towards sectors with traditionally high payout ratios, such as utilities, financials, and REITs. The bond component earns income and mitigates the volatility of returns from the equity component. The asset mix normally focuses on the corporate sector and may include exposure to convertibles, preferred stocks, and high-yield instruments.
Holdings as of 12/31/2011
Domestic Equity
Ticker Company Name % of Portfolio MSFT Microsoft Corp. 2.7% PFE Pfizer, Inc. 2.3% ETR Entergy Corp. 2.3% T AT&T, Inc. 1.9% INTC Intel Corp. 1.8% PM W Philip Morris International, Inc. 1.8% KO Coca Cola Co. 1.8% MRK Merck & Co. 1.7% MCD McDonald's Corp. 1.5% WAG Walgreen Co. 1.4% MFA MFA Financial, Inc. 1.4% CIM Chimera Investment Corp. 1.1% KFN KKR Financial Holdings, LLC 1.1% ARCC Ares Capital Corp. 1.0% IVR Invesco Mortgage Capital, Inc. 1.0% NLY Annaly Capital Management, Inc. 0.9% SLRC Solar Capital Ltd. 0.8% AINV Apollo Investment Corp. 0.8% WRE Washington REIT 0.7% KMB Kimberly-Clark Corp. 0.7% CFFND Capitol Federal Financial, Inc. 0.4% OZM Och-Ziff Capital Management Group, LLC 0.4% CMO Capstead Mortgage Corp. 0.3% DX Dynex Capital, Inc. 0.3% TWO Two Harbors Investment Corp. 0.3% ANH Anworth Mortgage Asset Corp. 0.2% AB AllianceBernstein Holdings LP 0.2% ACI00COA0 Solar Capital Ltd. 0.0% * Green Field Energy Services 0.0%
Foreign Equity
Ticker Company Name % of Portfolio TLS AU Telstra Corp. Ltd. 3.2% FP FP Total SA 2.8% VOD LN Vodafone Group plc 2.5% RDSA Royal Dutch Shell plc ADR 2.3% GSZ FP GDF Suez 2.3% ENI IM Eni SpA 2.1% ENEL IM Enel S.p.A. 2.0% 941 HK China Mobile Ltd. 1.8% COS CN Canadian Oil Sands Ltd. 1.7% ROG VX Roche Holding AG 1.4% KPN NA Koninklijke KPN N.V. 1.4% TDC DC TDC A/S 1.3% NOVN VX Novartis AG 1.3% 2330 TT Taiwan Semiconductor Manufacturing Co. Ltd. 1.1% ZURN VX Zurich Financial Services AG 1.1% TEF SM Telefonica SA 1.1% SCCO Southern Copper Corp. 1.0% ST SP Singapore Telecommunications Ltd. 1.0% RB/ LN Reckitt Benckiser Group plc 1.0% CEZ CP CEZ AS 0.9% GJF NO Gjensidige Forsikring ASA 0.9% SYD AU Sydney Airport 0.8% SDRL NO Seadrill Ltd. 0.8% 144 HK China Merchants Holdings International Co. Ltd. 0.7% 017670 KS SK Telecom Co. Ltd. 0.6% LLB SW Liechtensteinische Landesbank AG 0.5% VIV FP Vivendi 0.5% 54 HK Hopewell Holdings Ltd. 0.5% NESN VX Nestle SA 0.5% WCH GY Wacker Chemie AG 0.4% LGEN LN Legal & General Group plc 0.4% 388 HK Hong Kong Exchanges & Clearing Ltd. 0.4% CWC LN Cable & Wireless Communications plc 0.3% VIP VimpelCom Ltd. ADR 0.3% DJS AU David Jones Ltd. 0.3% IMP SJ Impala Platinum Holdings Ltd. 0.3% BCVN SW Banque Cantonale Vaudoise 0.3% SGKN SW St. Galler Kantonalbank 0.3% 659 HK NWS Holdings Ltd. 0.2% TIT IM Telecom Italia S.p.A. 0.2% OPAP GA OPAP SA 0.2% SCR FP Scor SE 0.2% ALV GR Allianz SE 0.2% TIT IR Telecom Italia-RSP S.p.A. 0.1% 737 HK Hopewell Highway Infrastructure Ltd. 0.1%
Preferred Equity
CUSIP Company Name % of Portfolio 446150401 Huntington Bancshares Pfd, 8.50% 1.1% 316773209 Fifth Third Bancorp Pfd, 8.50% 0.9% 15189T206 Centerpoint Energy, Inc. Pfd, 7.5% 0.4% 74251V12 Principal Financial Group Pfd, 5.563% 0.2% 151327202 Centaur Funding Corp. Pfd, 9.08% 0.2% 549462307 Lucent Technologies Capital Trust I Pfd, 7.75% 0.2% 17315D204 Citigroup Capital XII Pfd, 8.50% 0.2% 015271505 Alexandria Real Estate Pfd, 7.00% 0.1% 30767E307 Farm Credit Bank of Texas Pfd, 10.00% 0.1% 337158208 First Tennessee Bank Pfd, 3.75% 0.1% 060505625 Bank of America Corp. Pfd, 3.00% 0.1% 060505DR2 Bank of America Corp. Pfd, 8.00% 0.0% 33582V207 First Niagara Financial Group Pfd 0.0% 06739H776 Barclays Bank plc Pfd, 7.10% 0.0% 61747s504 Morgan Stanley Pfd, 4.00% 0.0%
Domestic Bonds
CUSIP Company Name % of Portfolio 48248AAB4 KKR Financial Holdings, LLC 0.7% 29268BAB7 Enel Finance International S.A. 0.4% 25156PAC7 Deutsche Telekom International Finance B.V. 0.4% 552715AC8 MEMC Electronics Materials, Inc. 0.4% 87089AAA6 Swiss Re Capital I LP 0.4% 98876YAA8 ZFS Finance USA Trust II 0.3% 48248AAD0 KKR Financial Holdings, LLC 0.3% 964152AB8 White Mountains Re Group Ltd. 0.3% 14040HAN5 Capital One Financial Corp. 0.3% 743494AB2 Prospect Medical Holdings, Inc. 0.3% 882587AY4 Texas-New Mexico Power 0.3% 65473QAS2 NiSource Finance Corp. 0.2% 527298AM5 Level 3 Financing, Inc. 0.2% 293791AW9 Enterprise Products Operating LP 0.2% 844030AH9 Southern Union Co. 0.2% 67059TAA3 NuStar Logistics 0.2% 689648AR4 Otter Tail Corp. 0.2% 25746UBG3 Dominion Resources, Inc. 0.2% 45721RAA1 Inkia Energy Ltd. 0.2% 88732JAP3 Time Warner Cable, Inc. 0.2% 589499AB8 Merge Healthcare, Inc. 0.2% 92936BAB7 WM Finance Corp. 0.2% 09203YAC5 Black Elk Energy Offshore 0.2% 172967CQ2 Citigroup, Inc. 0.2% 46625HHA1 JPMorgan Chase & Co. 0.2% 15235LAA6 Centrais Eletricas DO PA 0.2% 39304KAA4 Green Field Energy Services 0.2% 893521AA2 Transatlantic Holdings, Inc. 0.2% 74920AAC3 RAAM Global Energy Co. 0.2% 008911AK5 Air Canada 0.2% 153435AA0 Central European Distribution Corp. 0.1% 02209SAD5 Altria Group, Inc. 0.1% 88554DAA4 3D Systems Corp. 0.1% 59156CAB7 Metlife Capital Trust X 0.1% 12626PAJ2 CRH America, Inc. 0.1% 629568AT3 Nabors Industries, Inc. 0.1% 29250RAR7 Enbridge Energy Partners LP 0.1% 604668AB9 MRMX Series 2011-1A Class B 0.1% 482480AA8 KLA Tencor Corp. 0.1% 17004RAA8 Chiron Merger Sub, Inc. 0.1% 270321AC6 EarthLink, Inc. 0.1% 75524NAA6 RDS Ultra-Deepwater Ltd. 0.1% 051620AB8 Aurora Diagnostics Holdings, LLC 0.1% 30225VAA5 Extra Space Storage LP 0.1% 816851AK5 Sempra Energy 0.1% 68268NAE3 Oneok Partners LP 0.1% 693475AJ4 PNC Financial Services Group, Inc. 0.1% 494550AZ9 Kinder Morgan Energy Partners LP 0.1% 04878QAP8 Atlantic Pwer Corp. 0.1% 41321TAA0 Harmony Foods Corp 0.1% 01167PAD3 Alaska Communication Systems Group, Inc. 0.1% 74913GAX3 Qwest Corp. 0.1% 844895AS1 Southwest Gas Corp. 0.1% 416515AW4 Hartford Financial Services Group 0.1% 74728GAA8 QBE Insurance Group Ltd. 0.1% 47009MAG8 Jaguar Mining, Inc. 0.1% 029169AA7 ICAHN Enterprise LP 0.1% 02360XAL1 AmerenEnergy Generating Co. 0.1% 05571AAA3 Groupe BPCE 0.1% 02377VAA0 American Airllines, Inc. 0.1% 767754BQ6 Rite Aid Corp. 0.1% 29365PAN2 Entergy Gulf States Louisiana, LLC 0.1% 03761UAA4 Apollo Investment Corp. 0.1% 23380YAB3 Dai Ichi Mutual Life 0.1% 980236AG8 Woodside Financial Ltd. 0.1% 05964UAA4 Banco Industrial e Comercial S.A. 0.1% 87944LAE9 Telemar Norte Leste SA 0.1% 44965TAA5 International Lease Finance Corp. E-Capital Trust I 0.1% 05966MAA0 Banco Pine SA 0.1% 74734PAA0 QBE Capital Funding III Ltd. 0.1% 00850LAA2 Agribank FCB 0.1% 12516UAA3 CEMEX Finance, LLC 0.1% 30251GAH0 FMG Resources (Aug. 2006) Pty Ltd. 0.1% 654679AB5 Niska Gas Storage 0.1% 85224CAB0 SquareTwo Financial Corp. 0.1% 040555CL6 Arizona Public Service Co. 0.1% 482740AF4 KV Pharmaceutical Co. 0.1% 38141GEU4 Goldman Sachs Group, Inc. 0.1% 75406EAC5 Residential Asset Securities Corp. 0.1% 36120PAB9 GTL Trade Finance, Inc. 0.1% 36294BAC8 GS Caltex Corp. 0.1% 830146AA4 Sizzling Platter, LLC 0.1% 92718WAB5 Vimpelcom Holdings 0.1% 61744CWK8 Morgan Stanley Capital, Inc. Series 2005-HE7 Class A2C 0.1% 984332AC0 Yahoo!, Inc. 0.1% 637432LR4 National Rural Utilities CFC 0.1% 570362AB9 Maritimes & Northeast Pipeline, LLC 0.1% 023771R83 American Airlines, Inc. 0.1% 872384AC6 Teppco Partners LP 0.1% 2515E0AA7 Deutsche Bank Financial LLC 0.1% 973735AY9 Windsor Petroleum Transport Corp. 0.1% 05530QAB6 B.A.T. International Finance, plc 0.1% 02361DAG5 Ameren Illinois Co. 0.1% 743849EU1 Provident Bank of Maryland 0.1% 23311RAC0 DCP Midstream, LLC 0.1% 20029PAG4 Comcast Cable Communications 0.1% 52729NBT6 Level 3 Communications, Inc. 02/19 Fixed 11.875 0.1% 140422AA4 Capital One Capital IV 0.1% 02666QD75 American Honda Finance 0.1% 427096AA0 Hercules Technology Grow 0.1% 65473QAK9 NiSource Finance Corp. 0.1% 74438GAE1 Prudential Holdings, LLC 0.1% 92936FAA0 WMG Holdings Corp. 0.1% 151290AV5 Cemex SAB de CV 0.1% 97314XAF1 Wind Acquisition Finance SA 0.1% 35671DAS4 Freeport-McMoRan Copper & Gold 0.1% 0258M0CW7 American Express Credit Co. 0.1% 45169UAA3 Igate Corp. 0.1% 109478AA5 Brightstar Corp. 0.1% 092113AF6 Black Hills Corp. 0.1% 626717AB8 Murphy Oil Corp. 0.1% 46635XAA1 JPR Royalty, LLC 0.1% 01449JAE5 Alere, Inc. 0.1% 59020ULT0 Merrill Lynch Mtg Investors Trust 0.0% 59156RAR9 Metlife, Inc. Series A 0.0% 71657YAD4 Petro Co. Trinidad Tobago Ltd. 0.0% 69349DAA4 PNC Preferred Funding Trust III 0.0% 78442FEF1 SLM Corp. LIBOR Floating Rate Note 0.0% 02209SAC7 Altria Group, Inc. 0.0% 88732JAQ1 Time Warner Cable, Inc. 0.0% 05454RAG5 Axcan Intermediate Holdings, Inc. 0.0% 90263MAE4 Vimpelcom 0.0% EG6040844 Bemax Resources Ltd. 0.0% 872443AB2 THQ, Inc. 0.0% 086516AJ0 Best Buy, Inc. 0.0% 867652AE9 SunPower Corp. 0.0% 034863AA8 Anglo American Capital 0.0% 01039XAA8 Alabama Power Capital Trust V 0.0% 023771R75 American Airlines, Inc. 0.0% 87927VAQ1 Telecom Italia Capital SA 0.0% 668457AA2 Northwind Holdings, LLC Series 2007-1A Class A1 0.0% 677879CE6 Oil Insurance Ltd. 0.0% 26938NAA9 EAccess Ltd. 0.0% 91081QAC7 United Maritime, LLC 0.0% 635421AA8 National City Preferred Capital Trust I 0.0% 716745AA2 Petroplus Finance Ltd. 0.0% 25459HAG0 DIRECTV Holdings, LLC 0.0% 784662AC2 SSI Investments II/CO-ISSR, LLC 0.0% 302154AT6 Export-Import Bank of Korea 0.0% 906548CG5 Union Electric Co. 0.0% 035229CX9 Anheuser Busch Cos., Inc. 0.0% 68268NAA1 Oneok Partners LP 0.0% 120468AA1 Bumi Capital PTE Ltd. 0.0% 88652YAA9 Tiers Inflation Linked Trust Series Wyeth 2004 21 Trust Certificate CPI Floating Rate Note 0.0% 767754BM5 Rite Aid Corp. 0.0% 316773CJ7 Fifth Third Bancorp 0.0% 29348QAB8 Enogex, LLC 0.0% 87261NAC4 TMX Finance LLC/TitleMax Finance Corp. 0.0% 79685PCK4 San Bernardino County California 0.0% 90345KAA8 US Airways 0.0% 867652AC3 SunPower Corp. 0.0% 727610AE7 Plastipak Holdings, Inc. 0.0% 20035AAA2 Comed Financing III 0.0% 636792AA1 National Life Insurance of Vermont 0.0% 816851AL3 Sempra Energy 0.0% 368287AE8 Gaz Capital SA 0.0% 25380QAB5 Digicel SA 0.0% 610202BM4 Monongahela Power Co. 0.0% 81211KAR1 Sealed Air Corp. 0.0% 29348QAA0 Enogex, LLC 0.0% 52729NBP4 Level 3 Communications, Inc. 0.0% 268270AA3 E. CL SA 0.0% 811904AK7 Seacor Holdings, Inc. 0.0% 04523XAB3 Aspect Software, Inc. 0.0% 637640AD5 National Semiconductor Corp. 0.0% 05949AJ50 Banc of America Mtg Securities Series 2005-A Class B1 0.0% 6944P0AB1 Pacific Life Global Funding CPI Floating Rate Note 0.0% 69480UAC1 Pacific Rubiales Energy Corp. 0.0% 55263ECH6 MBNA Corp. 0.0% 90400XAD6 Ultrapetrol Bahamas Ltd. 0.0% 817155AA2 Seneca Nation Indians Capital Improvements Authority 0.0% 78442FCT3 SLM Corp. 0.0% 39121JAA8 Great River Energy 0.0% 88633PAB0 Ticketmaster 0.0% 40052WAA0 Grupo Famsa S.A.B. de C.V. 0.0% 74733HAA9 QHP PhaRMA 0.0% 949781AG2 Wells Fargo Asset Securities Corp., Series 2005-AR2 Class B1 0.0% 926004CH3 Victor New York 0.0% 17307GEF1 Citigroup Mtg Loan Trust, Inc. 0.0% 98877CAA5 ZFS Finance USA Trust V 0.0% 451102AB3 ICAHN Enterprises LP 0.0% 949781AG3 Wells Fargo Asset Securities Corp., Series 2005-AR2 Class B1 0.0% 482740AC1 KV Pharmaceutical Co. 0.0% 12518TAA4 C8 Capital Ltd. 0.0% 726505AF7 Plains Exploration & Production Co. 0.0% 53079EAC8 Liberty Mutual Group, Inc. 0.0% 02635PTB9 American General Finance Corp. 0.0% EF6961272 Shinhan Bank 0.0% 500630BP2 Korea Development Bank 0.0% 05951VAN9 Banc of America Funding Corp. Series 2006-I Class SB1 0.0% 86359AGS6 Structured Asset Security Corp. Series 2002-27A Class B1 0.0% 31395NPD3 Federal National Mtg Association REMIC Series 2006-B1 Class AB 0.0% 015386AD7 Alfa Diversified 0.0% 07384MXJ6 Bear Stearns ARM Mtg Series 2003-6 Class 2B-1 0.0% 5150X4AA1 Landsbanki Islands HF 0.0%
Foreign Bonds
CUSIP Company Name % of Portfolio EF9167844 Southern Cross Air Corp. (AUD) 0.7% B0LCVJ0 Republic of Brazil (BRL) 0.2% 105756BL3 Republic of Brazil (BRL) 0.1% 614853CJ6 Ville De Montreal (CAD) 0.1% EH9438399 New South Wales Treasury Corp. (AUD) 0.1% ED7437855 Iberbond 2004 plc (EUR) 0.1% EG3891660 ELM BV (AUD) 0.1% EH9954502 Intesa Sanpaolo S.p.A. (EUR) 0.1% 20442CAA5 Cia De Ele Do E Da Bahia (BRL) 0.1% EI0784138 CEMEX Finance LLC (EUR) 0.1% EG3891868 ELM BV (AUD) 0.1% 03523TAY4 Anheuser- Busch InBev (BRL) 0.1% EI6233379 EAccess Ltd. (EUR) 0.0% 02319LAB1 Ambev International Finance Co. Ltd. (BRL) 0.0% 652478AT5 News America Holdings (AUD) 0.0% EF2971135 Morgan Stanley (AUD) 0.0% EI0399283 Bank of America Corp. (BRL) 0.0% "EH8902478 Wind Acquisition Finance SA (EUR) 0.0% EI3513492 Bank of America Corp. (BRL) 0.0% 61747YBA2 Morgan Stanley (BRL) 0.0% EH9648674 Wesfarmers Ltd. (AUD) 0.0% 220874AD3 Corus Entertainment (CAD) 0.0%
Special Situations
CUSIP Company Name % of Portfolio 90210EAG1 Texas Comp Electric Holdings, LLC 0.1% 90210V9A8 Texas Comp Electric Holdings, LLC 0.0% 12499L9S7 Crown Castle Operating Co. 0.0% BL5854090 Merisant Co. Term Loan B 0.0%
Cash 3.7%
The securities mentioned above are provided for the general information of Thornburg Investment Income Builder Fund shareholders. This information should not be interpreted as a buy or sell recommendation. It should not be assumed that the investments in the securities were or will be profitable.
It is probable that buying or selling in the Thornburg Investment Income Builder Fund portfolio will have occurred since this list was last updated. As a result of this buying or selling, the fund may own more, fewer, or no shares of the stock of any company listed. In addition, the fund may have purchased shares of companies that are not yet included in the above list.
Holdings can and do vary over time.
