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 6/30/2008
Domestic Equity
Ticker Company Name % of Portfolio EAS Energy East Corp. 2.6% LLY Eli Lilly & Co. 2.4% MO Altria Group, Inc. 2.3% INTC Intel Corp. 2.2% DO Diamond Offshore Drilling, Inc. 2.1% MCD McDonald's Corp. 2.1% ETR Entergy Corp. 2.0% PM W Philip Morris 1.8% PCU Southern Copper Corp. 1.6% KFN KKR Financial Holdings, LLC 1.6% KO Coca Cola Co. 1.6% T AT&T, Inc. 1.4% KFT Kraft Foods, Inc. A 1.3% USB US Bancorp 1.1% PAYX Paychex, Inc. 1.0% UVV Universal Corp. 0.8% FRZ Reddy Ice Holdings, Inc. 0.8% AB AllianceBernstein Holdings LP 0.6% SBGI Sinclair Broadcast Group, Inc. 0.4% HUN Huntsman Corp. 0.1%
Foreign Equity
Ticker Company Name % of Portfolio TEF SM Telefonica SA 3.6% ENI IM Eni SpA 2.9% ENEL IM Enel S.p.A. 2.6% OPAP GA OPAP SA 2.2% IMP SJ Impala Platinum Holdings Ltd. 1.8% FTE FP France Telecom SA 1.7% LLB SW Liechtensteinische Landesbank AG 1.7% COS-U CN Canadian Oil Sands Trust 1.7% VOD LN Vodafone Group plc 1.6% RUKN VX Swiss Re 1.6% TLS AU Telstra Corp. Ltd. 1.6% 941 HK China Mobile Ltd. 1.6% TSM Taiwan Semiconductor Mfg. Co. Ltd. ADR 1.5% AMX America Movil SAB de C.V. 1.5% BBVA SM BBVA 1.4% ISP IM Intesa Sanpaolo 1.3% ISAT LN Inmarsat plc 1.1% EUROB GA EFG Eurobank Ergasias 1.1% BRTP3 BZ Brasil Telecom 1.1% FOE NO Fred Olsen Energy ASA 1.0% ALL AU Aristocrat Leisure Ltd. 1.0% HNR1 GR Hannover Rueckversicherung AG 0.9% PSN LN Persimmon plc 0.9% MAP AU Macquarie Airports 0.8% CS FP AXA 0.8% BME SM Bolsas y Mercados Espanoles 0.8% MS IM Mediaset SpA 0.7% SEK AU Seek Ltd. 0.7% TUPRS TI Tupras-Turkiye Petrol Rafinerileri A.S. 0.7% 388 HK Hong Kong Exchanges & Clearing Ltd. 0.7% 2136152 Algonquin Power Income Fund Trust 0.7% GMP-U GMP Capital Trust 0.6% BST MK Berjaya Sports Toto Berhad 0.5% 200022 CH Shenzhen Chiwan Wharf Holdings Ltd. 0.5% 1175 HK FU JI Food & Catering Services 0.5% 737 HK Hopewell Highway 0.3% HGI LN Henderson Group plc 0.3% HGIDA AU Henderson Group plc-CDI 0.2%
Preferred Equity
CUSIP Company Name % of Portfolio HBAN Huntington Bancshares 0.8% 337158208 First Tennessee Bank 0.2% 06739H776 Barclays Bank plc 0.1% 59021S638 Merrill Lynch & Co., Inc. 0.1% 52520Q218 Lehman Brothers Holdings, Inc. 0.0% 524908639 Lehman Brothers Holdings, Inc. 0.0% 61747s504 Morgan Stanley 0.0%
Bonds
CUSIP Company Name % of Portfolio 196777FK Colorado Student Obligation Bond Authority Series A 0.9% 527298AM5 Level 3 Financing, Inc. 0.7% 48248AAA6 KKR Financial Holdings, LLC 0.5% 14040HAN5 Capital One Financial Corp. 0.5% 67059TAA3 NuStar Logistics 0.4% 398186AA4 Griffin Coal Mining Ltd. 0.4% 844030AH9 Southern Union Co. 0.4% 97381WAC8 Windstream Corp. 0.3% 78442FDP0 SLM Corp. 0.3% 428040BZ1 Hertz Corp. 0.3% 62913FAJ1 NII Holdings 0.3% 31395NPD3 Federal National Mortgage Association Remic Series 2006-B1 Class AB 0.3% 52517P4C2 Lehman Brothers Holdings, Inc. 0.2% 620076AZ2 Motorola, Inc. 0.2% 29364PAG8 Entergy New Orleans, Inc. 0.2% 33715WCM6 First Tennessee Bank 0.2% 219350AQ8 Corning, Inc. 0.2% 844895AS1 Southwest Gas Corp. 0.2% 12958RAA5 Calfrac Holdings 0.2% 552708AA7 MDM DPR Finance Company SA 0.2% 38141GEU4 Goldman Sachs Group, Inc. 0.2% 36294BAC8 GS Caltex Corp. 0.2% 610202BL6 Monongahela Power 0.2% 125581AH1 CIT Group, Inc. 0.2% 74490BAK3 Providian Master Note Trust Series 2006-A1A. Class A 0.2% 008477AA9 Agile Property Holdings Ltd 0.2% 949781AG3 Wells Fargo Asset Securities Corp. Series 2005-AR2 Class B1 0.2% 21036PAG3 Constellation Brands, Inc. 0.2% 637640AC7 National Semiconductor 0.2% EC9783944 General Electric Capital Australia 0.2% B1S9GVII4 OAO Gazprom 0.2% B0LCVJ0 Republic of Brazil 0.2% 460146CB7 International Paper Co. 0.2% 36120PAB9 GTL Trade Finance, Inc. 0.2% 94981UAl3 Wells Fargo Asset Securities Corp. Series 2005-AR2 Class B1 0.2% 0258M0CW7 American Express Credit Co. 0.1% 817155AA2 Seneca Nation of Indians Capital Improvements Authority 0.1% 293791AW9 Enterprise Products Operating LP 0.1% 626717AB8 Murphy Oil Corp. 0.1% 31428XAP1 FedEx Corp. 0.1% 78442FBW7 SLM Corp. CPI Floating Rate Note 0.1% 74438GAE1 Prudential Holdings LLC 0.1% 767754BQ6 Rite Aid Corp. 0.1% 20030NAU5 Comcast Corp. 0.1% 50075NAS3 Kraft Foods, Inc. 0.1% 716578AA7 Petroleum Development Corp. 0.1% 00441AAA2 Ace Hardware Corp. 0.1% 845905AS7 Sovereign Bancorp, Inc. 0.1% 015386AD7 Alfa Diversified 0.1% 59020ULT0 Merrill Lynch Mtg Investors Trust 0.1% 05949AJ50 Banc of America Mtg Securities Series 2005-A Class B1 0.1% 86359AGS6 Structured Asset Security Corp. Series 2002-27A Class B1 0.1% 05951VAN9 Banc of America Funding Corp. Series 2006-I Class SB1 0.1% 17307GEF1 Citigroup Mortgage Loan Trust, Inc. 0.1% 78442FBK3 SLM Corp. 0.1% 25459HAD7 DIRECTV Holdings 0.1% 527298AF0 Level 3 Financing, Inc. Senior Notes 0.1% 25459HAE5 DIRECTV Holdings LLC 0.1% 5150X4AA1 Landsbanki Islands HF 0.1% 93899Z9Z8 Mylan Laboratories, Inc. 0.1% 9LN381244 Fairpoint Communications, Inc. Term Loan B 0.1% 6285349D3 Mylan Laboratories, Inc. 0.1% 482480AA8 KLA Instruments Corp. 0.1% 30599V9V9 Fairpoint Communications, Inc. Term Loan B 0.1% 629360AB4 NPC International, Inc. 0.1% 879240AX7 TCI Communications, Inc. 0.1% 94986EAA8 Wells Fargo Capital XIII Preferred Note 0.1% 88652YAA9 Tiers Inflation Linked Trust Series Wyeth 2004 21 Trust Certificate CPI Floating Rate Note 0.1% 68268NAA1 Oneok Partners, LP Senior Notes 0.1% JBL 5.875 7/15/10 Jabil Circuit, Inc. 0.1% 716745AA2 Petroplus Finance Ltd. 0.1% EG6040844 Bemax Resources 0.1% 165167BJ5 Chesapeake Energy Corp. 0.1% 35671DAR6 Freeport-McMoRan Copper & Gold 0.1% 63536MAA0 National City Bank 0.1% 906548CG5 Union Electric Co. 0.1% 74389EU1 Provident Bank MD 0.1% 767754BU7 Rite Aid Corp. 0.1% 055921AA8 BMC Software, Inc. 0.1% 086516AG6 Best Buy Co., Inc. 0.1% 09062XAA1 Biogen Idec, Inc. 0.1% 25243YAJ8 Diageo Capital plc 0.1% 50075NAU8 Kraft Foods, Inc. 0.1% 78442FEF1 SLM Corp. Floating Rate 0.1% 3055609Q9 Fairpoint Communications, Inc. Term Loan B 0.0% 6285349F8 Mylan Laboratories, Inc. 0.0% 31359MUB7 Federal National Mortgage Association CPI Floating Rate Note 0.0% 368287AD0 Gaz Capital SA 0.0% 3055609S5 Fairpoint Communications, Inc. Term Loan B 0.0% 07384MXJ6 Bear Stearns ARM Mtg Series 2003-6 Class 2B-1 0.0% EF6961272 Shinhan Bank 0.0% 500630BP2 Korea Development Bank 0.0% EC1269082 Independent News & Media plc 0.0% 82524YAE0 Short Pump Town Center Community Development 0.0% 926004CH3 Victor New York 0.0% 94106LAK5 Waste Management, Inc. 0.0% 00184AAF2 AOL Time Warner, Inc. 0.0% 01958XBK2 Allied Waste North America, Inc. 0.0% 12958RAA5 Seitel, Inc. 0.0% ED3824361 Liberty Mutual Group, Inc. 0.0% 726505AF7 Plains Exploration & Production Co. 0.0% 872384AC6 Teppco Partners LP 0.0% 12518TAA4 C8 Capital Ltd. 0.0% 6944P0AB1 Pacific Life Global Funding CPI Floating Rate Note 0.0% EG4755476 Parkson Retail Group 0.0% 368287AE8 Gaz Capital SA 0.0% 3055609M8 Fairpoint Communications, Inc. Term Loan B 0.0% 767754BM5 Rite Aid Corp. 0.0%
Special Situations
CUSIP Company Name % of Portfolio
Cash 7.3%
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.
