Thornburg Investment Income Builder Fund | June 30, 2024 (Unaudited) |
Issuer-Description | SHARES/ PRINCIPAL AMOUNT | VALUE | |
Common Stock — 84.6% | |||
Automobiles & Components — 1.0% | |||
Automobiles — 1.0% | |||
Mercedes-Benz Group AG | 1,380,600 | $ 95,470,246 | |
Stellantis NV | 1,804,100 | 35,685,919 | |
131,156,165 | |||
Banks — 9.7% | |||
Banks — 9.7% | |||
Bank of Ireland Group plc | 16,525,250 | 172,871,370 | |
BNP Paribas SA | 6,576,800 | 419,295,212 | |
Citigroup, Inc. | 5,954,378 | 377,864,828 | |
JPMorgan Chase & Co. | 959,266 | 194,021,141 | |
Regions Financial Corp. | 5,555,493 | 111,332,080 | |
1,275,384,631 | |||
Capital Goods — 1.4% | |||
Aerospace & Defense — 1.4% | |||
BAE Systems plc | 10,930,100 | 182,380,881 | |
182,380,881 | |||
Consumer Discretionary Distribution & Retail — 1.3% | |||
Specialty Retail — 1.3% | |||
Home Depot, Inc. | 505,482 | 174,007,124 | |
174,007,124 | |||
Consumer Staples Distribution & Retail — 2.8% | |||
Consumer Staples Distribution & Retail — 2.8% | |||
BIM Birlesik Magazalar AS | 2,799,600 | 46,724,657 | |
Tesco plc | 83,026,330 | 321,157,826 | |
367,882,483 | |||
Energy — 9.0% | |||
Oil, Gas & Consumable Fuels — 9.0% | |||
a,b | Drillco Holdings Luxembourg SA | 147,823 | 3,025,937 |
Enbridge, Inc. | 3,309,521 | 117,740,132 | |
Eni SpA | 4,369,900 | 67,175,951 | |
Equinor ASA | 3,529,100 | 100,465,481 | |
a | LUKOIL PJSC | 314,000 | 226,080 |
a,b,c | Malamute Energy, Inc. | 12,439 | 12,439 |
Petroleo Brasileiro SA Sponsored ADR | 7,310,155 | 105,924,146 | |
Shell plc | 3,035,600 | 108,749,090 | |
TC Energy Corp. | 3,390,966 | 128,544,642 | |
TotalEnergies SE | 8,267,100 | 551,848,292 | |
1,183,712,190 | |||
Equity Real Estate Investment Trusts (REITs) — 0.3% | |||
Residential REITs — 0.3% | |||
Elme Communities | 2,454,592 | 39,101,650 | |
39,101,650 | |||
Financial Services — 4.8% | |||
Capital Markets — 2.7% | |||
CME Group, Inc. | 1,197,705 | 235,468,803 | |
MidCap Financial Investment Corp. | 2,937,783 | 44,478,035 | |
c | SLR Investment Corp. | 4,307,900 | 69,314,111 |
Financial Services — 1.6% | |||
Equitable Holdings, Inc. | 5,226,798 | 213,566,966 | |
Mortgage Real Estate Investment Trusts — 0.5% | |||
c | Chimera Investment Corp. | 4,947,862 | 63,332,633 |
626,160,548 | |||
Food, Beverage & Tobacco — 0.6% | |||
Food Products — 0.6% |
Thornburg Investment Income Builder Fund | June 30, 2024 (Unaudited) |
Issuer-Description | SHARES/ PRINCIPAL AMOUNT | VALUE | |
Nestle SA | 797,400 | $ 81,404,116 | |
81,404,116 | |||
Health Care Equipment & Services — 1.0% | |||
Health Care Equipment & Supplies — 1.0% | |||
Medtronic plc | 1,746,295 | 137,450,879 | |
137,450,879 | |||
Insurance — 4.9% | |||
Insurance — 4.9% | |||
Assicurazioni Generali SpA | 6,681,247 | 166,646,579 | |
AXA SA | 891,200 | 29,176,957 | |
NN Group NV | 9,759,216 | 454,123,625 | |
649,947,161 | |||
Materials — 4.0% | |||
Chemicals — 2.0% | |||
LyondellBasell Industries NV Class A | 1,867,909 | 178,684,175 | |
OCI NV | 3,589,000 | 87,596,584 | |
Metals & Mining — 2.0% | |||
BHP Group Ltd. | 561,000 | 15,972,691 | |
Glencore plc | 43,166,400 | 246,150,034 | |
a | GMK Norilskiy Nickel PAO | 35,140,000 | 2,073,260 |
530,476,744 | |||
Pharmaceuticals, Biotechnology & Life Sciences — 9.1% | |||
Biotechnology — 1.0% | |||
AbbVie, Inc. | 799,560 | 137,140,531 | |
Pharmaceuticals — 8.1% | |||
AstraZeneca plc | 1,549,800 | 242,066,560 | |
Merck & Co., Inc. | 1,853,403 | 229,451,291 | |
Novartis AG | 946,008 | 101,260,604 | |
Pfizer, Inc. | 8,316,651 | 232,699,895 | |
Roche Holding AG | 928,400 | 257,817,130 | |
1,200,436,011 | |||
Semiconductors & Semiconductor Equipment — 8.6% | |||
Semiconductors & Semiconductor Equipment — 8.6% | |||
Broadcom, Inc. | 356,729 | 572,739,112 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 18,565,000 | 552,803,970 | |
1,125,543,082 | |||
Software & Services — 0.3% | |||
Information Technology Services — 0.3% | |||
HCL Technologies Ltd. | 2,092,600 | 36,663,632 | |
36,663,632 | |||
Technology Hardware & Equipment — 3.2% | |||
Communications Equipment — 0.7% | |||
Cisco Systems, Inc. | 1,898,387 | 90,192,366 | |
Technology Hardware, Storage & Peripherals — 2.5% | |||
Samsung Electronics Co. Ltd. | 5,604,000 | 331,802,398 | |
421,994,764 | |||
Telecommunication Services — 15.1% | |||
Diversified Telecommunication Services — 12.7% | |||
AT&T, Inc. | 21,985,413 | 420,141,242 | |
Deutsche Telekom AG | 9,008,300 | 226,521,964 | |
a,b | Digicel Holdings Ltd. | 220,592 | 200,066 |
Koninklijke KPN NV | 27,983,000 | 107,286,897 | |
Orange SA | 60,648,480 | 607,556,500 | |
Singapore Telecommunications Ltd. | 74,703,000 | 151,499,447 | |
Swisscom AG | 95,500 | 53,731,705 | |
b | Zegona Communications plc | 28,443,000 | 94,920,621 |
Wireless Telecommunication Services — 2.4% |
Thornburg Investment Income Builder Fund | June 30, 2024 (Unaudited) |
Issuer-Description | SHARES/ PRINCIPAL AMOUNT | VALUE | |
Vodafone Group plc | 361,379,524 | $ 318,677,393 | |
1,980,535,835 | |||
Transportation — 1.1% | |||
Air Freight & Logistics — 1.1% | |||
Deutsche Post AG | 3,560,700 | 144,105,867 | |
144,105,867 | |||
Utilities — 6.4% | |||
Electric Utilities — 4.8% | |||
Endesa SA | 13,433,957 | 252,277,843 | |
Enel SpA | 54,201,371 | 376,957,112 | |
Gas Utilities — 0.6% | |||
Snam SpA | 19,567,000 | 86,566,294 | |
Independent Power and Renewable Electricity Producers — 0.0% | |||
Vistra Corp. | 7,843 | 674,341 | |
Multi-Utilities — 1.0% | |||
E.ON SE | 8,325,800 | 109,271,946 | |
Engie SA | 1,208,672 | 17,261,195 | |
843,008,731 | |||
Total Common Stock (Cost $8,627,277,082) | 11,131,352,494 | ||
Preferred Stock — 0.1% | |||
Banks — 0.1% | |||
Banks — 0.1% | |||
d,e,f | First Horizon Bank 6.409% (TSFR3M + 1.11%), 7/29/2024 | 12,000 | 8,040,000 |
8,040,000 | |||
Financial Services — 0.0% | |||
Capital Markets — 0.0% | |||
e,f | Morgan Stanley Series A, 6.29% (TSFR3M + 0.96%), 7/29/2024 | 120,000 | 2,745,600 |
2,745,600 | |||
Total Preferred Stock (Cost $14,968,750) | 10,785,600 | ||
Asset Backed Securities — 1.1% | |||
Auto Receivables — 0.5% | |||
Carvana Auto Receivables Trust, | |||
d | Series 2019-4A Class R, due 10/15/2026 | $ 32,000 | 9,440,260 |
d | Series 2021-P1 Class R, due 12/10/2027 | 24,000 | 2,097,367 |
d | Series 2021-P2 Class R, due 5/10/2028 | 8,000 | 1,702,007 |
d | Series 2021-P4 Class R, due 9/11/2028 | 17,500 | 3,840,513 |
d | Series 2022-P1 Class R, due 1/10/2029 | 24,000 | 5,596,489 |
CPS Auto Receivables Trust, | |||
d | Series 2020-A Class E, 4.09% due 12/15/2025 | 792,024 | 791,206 |
d | Series 2020-C Class F, 6.67% due 11/15/2027 | 3,000,000 | 2,982,095 |
d | CPS Auto Securitization Trust, Series 2021-1A Class A, 7.86% due 6/16/2026 | 14,000,000 | 14,407,959 |
d | DT Auto Owner Trust, Series 2020-1A Class E, 3.48% due 2/16/2027 | 4,500,000 | 4,482,318 |
d | FHF Trust, Series 2022-2A Class A, 6.14% due 12/15/2027 | 3,097,045 | 3,091,970 |
Flagship Credit Auto Trust, | |||
d | Series 2019-1 Class R, due 6/15/2026 | 6,000 | 194,603 |
d | Series 2019-2 Class R, due 12/15/2026 | 33,000 | 1,447,672 |
d | Series 2019-3 Class R, due 12/15/2026 | 60,000 | 2,844,127 |
d | Series 2019-4 Class R, due 3/15/2027 | 60,000 | 2,961,044 |
JPMorgan Chase Bank NA - CACLN, | |||
d | Series 2020-1 Class R, 33.784% due 1/25/2028 | 876,901 | 887,096 |
d | Series 2020-2 Class R, 31.355% due 2/25/2028 | 2,470,925 | 2,596,191 |
d | Series 2021-1 Class R, 28.348% due 9/25/2028 | 3,630,611 | 4,135,204 |
d | Santander Consumer Auto Receivables Trust Series 2020-AA Class R, due 1/16/2029 | 53,500 | 5,190,782 |
d | United Auto Credit Securitization Trust Series 2022-1 Class R, due 11/10/2028 | 37,000 | 716,573 |
69,405,476 |
Thornburg Investment Income Builder Fund | June 30, 2024 (Unaudited) |
Issuer-Description | SHARES/ PRINCIPAL AMOUNT | VALUE | |
Other Asset Backed — 0.5% | |||
d | Aqua Finance Trust, Series 2020-AA Class D, 7.15% due 7/17/2046 | $ 8,200,000 | $ 7,663,670 |
d,f | Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-HP1 Class CERT, due 12/15/2026 | 400,000 | 938,479 |
d | FAT Brands Fazoli’s Native I LLC, Series 2021-1 Class A2, 7.00% due 7/25/2051 | 13,974,195 | 12,871,544 |
a,d | Goldman Home Improvement Trust Issuer Trust Series 2021-GRN2 Class R, due 6/20/2051 | 42,000 | 2,307,142 |
d | LendingPoint Asset Securitization Trust, Series 2020-REV1 Class C, 7.699% due 10/15/2028 | 25,750,000 | 25,497,671 |
Marlette Funding Trust, | |||
d | Series 2021-1A Class R, due 6/16/2031 | 9,550 | 158,283 |
d | Series 2021-2A Class R, due 9/15/2031 | 26,000 | 506,281 |
d | Series 2021-3A Class R, due 12/15/2031 | 23,881 | 702,046 |
Mosaic Solar Loan Trust, | |||
d | Series 2020-2A Class R, due 8/20/2046 | 3,829,366 | 1,537,594 |
d | Series 2021-1A Class R, due 12/20/2046 | 6,819,752 | 710,414 |
d | Series 2021-2A Class R, due 4/22/2047 | 10,000,000 | 811,746 |
d,f | Oportun Funding LLC Series 2022-1 Class CERT, due 6/15/2029 | 11,604 | 394,433 |
Prosper Pass-Thru Trust II, | |||
d | Series 2019-ST1 Class CERT, due 7/15/2025 | 38,500,000 | 50,718 |
d | Series 2019-ST2 Class R1, due 11/15/2025 | 17,477,134 | 348,791 |
d | Series 2019-ST2 Class R2, due 11/15/2025 | 8,738,067 | 171,738 |
Upstart Pass-Through Trust, | |||
d | Series 2020-ST6 Class A, 3.00% due 1/20/2027 | 784,423 | 768,808 |
d | Series 2021-ST4 Class CERT, due 7/20/2027 | 1,375,000 | 160,307 |
d | Series 2021-ST8 Class CERT, due 10/20/2029 | 4,150,000 | 1,270,004 |
d | Series 2021-ST9 Class CERT, due 11/20/2029 | 1,415,000 | 435,097 |
d | Upstart Structured Pass-Through Trust, Series 2022-4A Class A, 7.01% due 11/15/2030 | 1,761,921 | 1,764,485 |
59,069,251 | |||
Student Loan — 0.1% | |||
d | College Ave Student Loans LLC Series 2023-A Class R, due 5/25/2055 | 35,000 | 15,010,418 |
d | SoFi Professional Loan Program Trust Series 2021-B Class R1, due 2/15/2047 | 23,000 | 753,202 |
15,763,620 | |||
Total Asset Backed Securities (Cost $149,764,580) | 144,238,347 | ||
Corporate Bonds — 7.2% | |||
Banks — 0.2% | |||
Banks — 0.2% | |||
Bank of New York Mellon Corp., | |||
e,f | Series F, 4.625% (TSFR3M + 3.39%) due 9/20/2026 | 1,935,000 | 1,863,289 |
e,f | Series I, 3.75% (5-Yr. CMT + 2.630%) due 12/20/2026 | 11,400,000 | 10,542,834 |
KeyBank NA, 5.00% due 1/26/2033 | 10,250,000 | 9,448,450 | |
21,854,573 | |||
Capital Goods — 0.3% | |||
Aerospace & Defense — 0.1% | |||
d | BWX Technologies, Inc., 4.125% due 6/30/2028 | 7,500,000 | 6,989,700 |
d | TransDigm, Inc., 6.75% due 8/15/2028 | 6,345,000 | 6,429,008 |
Construction & Engineering — 0.1% | |||
d,g | IHS Netherlands Holdco BV, 8.00% due 9/18/2027 | 9,995,000 | 9,685,055 |
Trading Companies & Distributors — 0.1% | |||
LKQ Corp., 6.25% due 6/15/2033 | 5,840,000 | 6,002,352 | |
d | Windsor Holdings III LLC, 8.50% due 6/15/2030 | 7,470,000 | 7,803,759 |
36,909,874 | |||
Commercial & Professional Services — 0.3% | |||
Commercial Services & Supplies — 0.3% | |||
d | ACCO Brands Corp., 4.25% due 3/15/2029 | 7,500,000 | 6,708,450 |
g | Cimpress plc, 7.00% due 6/15/2026 | 11,859,000 | 11,838,721 |
CoreCivic, Inc., 8.25% due 4/15/2029 | 12,869,000 | 13,300,755 | |
d | GEO Group, Inc., 8.625% due 4/15/2029 | 8,975,000 | 9,197,041 |
41,044,967 | |||
Consumer Durables & Apparel — 0.0% | |||
Leisure Products — 0.0% |
Thornburg Investment Income Builder Fund | June 30, 2024 (Unaudited) |
Issuer-Description | SHARES/ PRINCIPAL AMOUNT | VALUE | |
Polaris, Inc., 6.95% due 3/15/2029 | $ 5,000,000 | $ 5,240,200 | |
5,240,200 | |||
Consumer Services — 0.1% | |||
Hotels, Restaurants & Leisure — 0.1% | |||
Marriott International, Inc., 4.50% due 10/1/2034 | 4,497,000 | 4,112,956 | |
d | Nathan’s Famous, Inc., 6.625% due 11/1/2025 | 3,750,000 | 3,748,388 |
7,861,344 | |||
Consumer Staples Distribution & Retail — 0.2% | |||
Consumer Staples Distribution & Retail — 0.2% | |||
d | KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc., 9.00% due 2/15/2029 | 20,667,000 | 21,185,328 |
d | U.S. Foods, Inc., 4.75% due 2/15/2029 | 5,880,000 | 5,577,886 |
26,763,214 | |||
Energy — 1.6% | |||
Energy Equipment & Services — 0.1% | |||
d,g | Empresa Generadora de Electricidad Haina SA, 5.625% due 11/8/2028 | 7,850,000 | 7,204,416 |
Oil, Gas & Consumable Fuels — 1.5% | |||
d | CITGO Petroleum Corp., 7.00% due 6/15/2025 | 10,750,000 | 10,750,322 |
d | Delek Logistics Partners LP/Delek Logistics Finance Corp., 8.625% due 3/15/2029 | 3,500,000 | 3,605,105 |
Energean Israel Finance Ltd., | |||
g | 5.375% due 3/30/2028 | 6,500,000 | 5,735,470 |
g | 8.50% due 9/30/2033 | 12,410,941 | 11,715,556 |
f | Energy Transfer LP, 8.606% (TSFR3M + 3.28%) due 11/1/2066 | 13,820,000 | 13,548,299 |
f | Enterprise TE Partners LP, Series 1, 8.385% (SOFR + 3.04%) due 6/1/2067 | 7,000,000 | 5,159,490 |
Kinder Morgan Energy Partners LP, | |||
5.00% due 3/1/2043 | 10,000,000 | 8,722,500 | |
5.80% due 3/15/2035 | 10,000,000 | 10,053,000 | |
Kinder Morgan, Inc., | |||
5.30% due 12/1/2034 | 23,630,000 | 22,909,758 | |
5.55% due 6/1/2045 | 5,000,000 | 4,666,600 | |
d,g | Medco Maple Tree Pte. Ltd., 8.96% due 4/27/2029 | 7,000,000 | 7,315,490 |
ONEOK Partners LP, 4.90% due 3/15/2025 | 9,544,000 | 9,486,450 | |
Petroleos Mexicanos, | |||
g | 5.95% due 1/28/2031 | 10,000,000 | 8,053,600 |
g | 6.70% due 2/16/2032 | 3,000,000 | 2,509,110 |
g | 7.69% due 1/23/2050 | 5,650,000 | 4,067,039 |
e | Summit Midstream Partners LP, Series A, 13.031% due 7/29/2024 | 16,097,000 | 17,084,229 |
d | Sunoco LP, 7.25% due 5/1/2032 | 4,892,000 | 5,057,692 |
Sunoco LP/Sunoco Finance Corp., 5.875% due 3/15/2028 | 5,000,000 | 4,978,600 | |
Transcontinental Gas Pipe Line Co. LLC, 7.85% due 2/1/2026 | 32,700,000 | 33,650,916 | |
Williams Cos., Inc., 5.75% due 6/24/2044 | 14,198,000 | 13,902,398 | |
210,176,040 | |||
Equity Real Estate Investment Trusts (REITs) — 0.3% | |||
Diversified REITs — 0.2% | |||
d | Iron Mountain, Inc., 7.00% due 2/15/2029 | 7,500,000 | 7,638,225 |
d | SBA Tower Trust, 2.836% due 1/15/2050 | 5,000,000 | 4,912,180 |
d,g | Trust Fibra Uno, 5.25% due 1/30/2026 | 10,000,000 | 9,743,000 |
Vornado Realty LP, 2.15% due 6/1/2026 | 8,186,500 | 7,563,180 | |
Retail REITs — 0.1% | |||
Retail Opportunity Investments Partnership LP, 6.75% due 10/15/2028 | 9,990,000 | 10,340,250 | |
40,196,835 | |||
Financial Services — 0.6% | |||
Capital Markets — 0.4% | |||
Blue Owl Credit Income Corp., 7.75% due 9/16/2027 | 2,500,000 | 2,568,800 | |
Blue Owl Technology Finance Corp., | |||
d | 3.75% due 6/17/2026 | 13,000,000 | 12,121,720 |
d | 4.75% due 12/15/2025 | 13,250,000 | 12,821,892 |
d | Burford Capital Global Finance LLC, 9.25% due 7/1/2031 | 11,500,000 | 12,105,705 |
d | Compass Group Diversified Holdings LLC, 5.25% due 4/15/2029 | 6,272,000 | 5,959,843 |
d,g | FORESEA Holding SA, 7.50% due 6/15/2030 | 1,520,371 | 1,414,067 |
Thornburg Investment Income Builder Fund | June 30, 2024 (Unaudited) |
Issuer-Description | SHARES/ PRINCIPAL AMOUNT | VALUE | |
Hercules Capital, Inc., 2.625% due 9/16/2026 | $ 4,098,000 | $ 3,754,014 | |
d | Oaktree Strategic Credit Fund, 8.40% due 11/14/2028 | 3,000,000 | 3,167,850 |
Financial Services — 0.2% | |||
Antares Holdings LP, | |||
d | 3.75% due 7/15/2027 | 3,000,000 | 2,743,560 |
d | 7.95% due 8/11/2028 | 3,000,000 | 3,109,110 |
d | 8.50% due 5/18/2025 | 11,500,000 | 11,687,565 |
d | United Wholesale Mortgage LLC, 5.50% due 11/15/2025 | 5,000,000 | 4,970,250 |
76,424,376 | |||
Food, Beverage & Tobacco — 0.5% | |||
Beverages — 0.1% | |||
d,g | Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL, 5.25% due 4/27/2029 | 10,443,000 | 9,697,057 |
Food Products — 0.1% | |||
d | Darling Ingredients, Inc., 6.00% due 6/15/2030 | 4,050,000 | 3,980,866 |
d | Post Holdings, Inc., 5.50% due 12/15/2029 | 10,000,000 | 9,640,400 |
Tobacco — 0.3% | |||
d,g | Imperial Brands Finance plc, 6.125% due 7/27/2027 | 5,000,000 | 5,083,750 |
d,g | JT International Financial Services BV, 6.875% due 10/24/2032 | 5,000,000 | 5,499,050 |
d | Vector Group Ltd., 10.50% due 11/1/2026 | 33,915,000 | 34,268,055 |
68,169,178 | |||
Insurance — 0.5% | |||
Insurance — 0.5% | |||
d,g | DaVinciRe Holdings Ltd., 4.75% due 5/1/2025 | 5,000,000 | 4,948,700 |
f | Enstar Finance LLC, 5.75% (5-Yr. CMT + 5.470%) due 9/1/2040 | 15,964,000 | 15,708,736 |
g | Enstar Group Ltd., 3.10% due 9/1/2031 | 8,354,000 | 6,900,738 |
Fidelity National Financial, Inc., | |||
2.45% due 3/15/2031 | 1,617,000 | 1,319,052 | |
3.40% due 6/15/2030 | 8,383,000 | 7,439,409 | |
Horace Mann Educators Corp., 7.25% due 9/15/2028 | 10,000,000 | 10,605,200 | |
d | MetLife, Inc., 9.25% due 4/8/2068 | 12,000,000 | 13,939,560 |
Stewart Information Services Corp., 3.60% due 11/15/2031 | 8,101,000 | 6,700,256 | |
67,561,651 | |||
Materials — 0.2% | |||
Chemicals — 0.0% | |||
d,g | Nufarm Australia Ltd./Nufarm Americas, Inc., 5.00% due 1/27/2030 | 3,000,000 | 2,742,390 |
OCP SA, | |||
d,g | 3.75% due 6/23/2031 | 1,735,000 | 1,493,488 |
d,g | 4.50% due 10/22/2025 | 5,000,000 | 4,891,800 |
Containers & Packaging — 0.1% | |||
d | Matthews International Corp., Class C, 5.25% due 12/1/2025 | 14,969,000 | 14,637,437 |
Metals & Mining — 0.1% | |||
d | Compass Minerals International, Inc., 6.75% due 12/1/2027 | 3,000,000 | 2,867,250 |
WE Soda Investments Holding plc, | |||
d,g | 9.375% due 2/14/2031 | 4,150,000 | 4,232,917 |
d,g | 9.50% due 10/6/2028 | 2,000,000 | 2,046,720 |
32,912,002 | |||
Media & Entertainment — 0.2% | |||
Media — 0.2% | |||
d | CCO Holdings LLC/CCO Holdings Capital Corp., 4.75% due 2/1/2032 | 8,000,000 | 6,551,360 |
Sirius XM Radio, Inc., | |||
d | 3.125% due 9/1/2026 | 5,000,000 | 4,705,550 |
d | 5.00% due 8/1/2027 | 7,500,000 | 7,176,450 |
d,g | Telenet Finance Luxembourg Notes SARL, 5.50% due 3/1/2028 | 10,000,000 | 9,482,600 |
27,915,960 | |||
Real Estate Management & Development — 0.0% | |||
Real Estate Management & Development — 0.0% | |||
d | Cushman & Wakefield U.S. Borrower LLC, 6.75% due 5/15/2028 | 3,000,000 | 2,977,320 |
d | Greystar Real Estate Partners LLC, 7.75% due 9/1/2030 | 2,490,000 | 2,624,684 |
5,602,004 |
Thornburg Investment Income Builder Fund | June 30, 2024 (Unaudited) |
Issuer-Description | SHARES/ PRINCIPAL AMOUNT | VALUE | |
Semiconductors & Semiconductor Equipment — 0.1% | |||
Semiconductors & Semiconductor Equipment — 0.1% | |||
d | Qorvo, Inc., 3.375% due 4/1/2031 | $ 9,800,000 | $ 8,395,954 |
8,395,954 | |||
Software & Services — 0.5% | |||
Information Technology Services — 0.1% | |||
d | Boost Newco Borrower LLC, 7.50% due 1/15/2031 | 5,000,000 | 5,214,450 |
d | Science Applications International Corp., 4.875% due 4/1/2028 | 5,000,000 | 4,770,950 |
Internet Software & Services — 0.3% | |||
d | Arches Buyer, Inc., 4.25% due 6/1/2028 | 6,500,000 | 5,799,755 |
d | Cogent Communications Group, Inc., 7.00% due 6/15/2027 | 10,000,000 | 9,907,500 |
Prosus NV, | |||
d,g | 3.061% due 7/13/2031 | 11,800,000 | 9,757,774 |
d,g | 3.832% due 2/8/2051 | 5,000,000 | 3,263,850 |
d,g | 4.027% due 8/3/2050 | 5,000,000 | 3,378,000 |
Software — 0.1% | |||
d | Fair Isaac Corp., 4.00% due 6/15/2028 | 7,000,000 | 6,546,680 |
d | GoTo Group, Inc.,5.50% due 5/1/2028 | 4,354,350 | 2,470,651 |
d,g | Open Text Corp., 3.875% due 12/1/2029 | 10,000,000 | 8,960,400 |
60,070,010 | |||
Technology Hardware & Equipment — 0.1% | |||
Electronic Equipment, Instruments & Components — 0.1% | |||
CDW LLC/CDW Finance Corp., 4.25% due 4/1/2028 | 5,000,000 | 4,770,400 | |
Vontier Corp., 2.40% due 4/1/2028 | 5,832,000 | 5,169,951 | |
Technology Hardware, Storage & Peripherals — 0.0% | |||
d,g | Lenovo Group Ltd., 5.831% due 1/27/2028 | 5,000,000 | 5,047,900 |
14,988,251 | |||
Telecommunication Services — 1.2% | |||
Diversified Telecommunication Services — 0.9% | |||
g | Deutsche Telekom International Finance BV (Guaranty: Deutsche Telekom AG), 8.75% due 6/15/2030 | 26,150,000 | 30,479,656 |
g | Telefonica Emisiones SA (Guaranty: Telefonica SA), 7.045% due 6/20/2036 | 85,390,000 | 93,013,619 |
Wireless Telecommunication Services — 0.3% | |||
g,h | Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd./Difl U.S., 12.00% due 5/25/2027 PIK | 36,960,821 | 36,537,250 |
160,030,525 | |||
Transportation — 0.1% | |||
Passenger Airlines — 0.1% | |||
American Airlines Pass-Through Trust, | |||
Series 2016-3 Class B, 3.75% due 4/15/2027 | 7,848,480 | 7,549,453 | |
Series 2019-1 Class B, 3.85% due 8/15/2029 | 6,276,460 | 5,834,785 | |
13,384,238 | |||
Utilities — 0.2% | |||
Electric Utilities — 0.1% | |||
d,g | AES Espana BV, 5.70% due 5/4/2028 | 2,000,000 | 1,901,440 |
g | Comision Federal de Electricidad, 5.00% due 9/29/2036 | 9,884,000 | 8,677,065 |
Multi-Utilities — 0.1% | |||
d,g | Aegea Finance SARL, 9.00% due 1/20/2031 | 9,500,000 | 9,849,410 |
20,427,915 | |||
Total Corporate Bonds (Cost $892,591,291) | 945,929,111 | ||
Other Government — 0.1% | |||
d,g | Finance Department Government of Sharjah, 3.625% due 3/10/2033 | 7,000,000 | 5,858,230 |
d,g | Nigeria Government International Bonds, 7.625% due 11/28/2047 | 6,000,000 | 4,329,300 |
Total Other Government (Cost $9,407,604) | 10,187,530 | ||
Mortgage Backed — 2.1% | |||
d,f | Angel Oak Mortgage Trust, Whole Loan Securities Trust CMO, Series 2022-6 Class A3, 4.30% due 7/25/2067 | 4,266,262 | 3,918,382 |
d,f | Barclays Mortgage Loan Trust, Whole Loan Securities Trust CMO, Series 2022-INV1 Class A3, 4.53% due 2/25/2062 | 14,259,038 | 13,351,782 |
Thornburg Investment Income Builder Fund | June 30, 2024 (Unaudited) |
Issuer-Description | SHARES/ PRINCIPAL AMOUNT | VALUE | |
Barclays Mortgage Trust, Whole Loan Securities Trust CMO, | |||
d,f | Series 2021-NPL1 Class A, 2.00% due 11/25/2051 | $ 7,636,298 | $ 7,347,372 |
d,f | Series 2022-RPL1 Class A, 4.25% due 2/25/2028 | 12,119,990 | 11,600,189 |
f | Bear Stearns ARM Trust, Whole Loan Securities Trust CMO, Series 2003-6 Class 2B1, 6.333% due 8/25/2033 | 22,296 | 22,296 |
Chase Home Lending Mortgage Trust, Whole Loan Securities Trust CMO, | |||
d,f | Series 2019-1 Class B4, 3.883% due 3/25/2050 | 1,001,905 | 833,703 |
d,f | Series 2019-1 Class B5, 3.883% due 3/25/2050 | 468,714 | 360,528 |
d,f | Series 2019-1 Class B6, 3.657% due 3/25/2050 | 745,503 | 446,662 |
d,f | Chase Mortgage Finance Corp., Whole Loan Securities Trust CMO, Series 2016-SH2 Class M4, 3.75% due 12/25/2045 | 665,054 | 598,273 |
CIM Trust, Whole Loan Securities Trust CMO, | |||
d,f,i | Series 2020-J1 Class AIO1, 0.434% due 7/25/2050 | 54,731,504 | 1,081,226 |
d,f,i | Series 2020-J1 Class AIO2, 0.50% due 7/25/2050 | 48,816,032 | 1,180,162 |
d,f,i | Series 2020-J1 Class AIOS, 0.20% due 6/25/2050 | 67,230,179 | 672,167 |
d,f | Series 2020-J1 Class B4, 3.434% due 7/25/2050 | 1,327,168 | 1,085,775 |
d,f | Series 2020-J1 Class B5, 3.434% due 7/25/2050 | 671,374 | 417,975 |
d,f | Series 2020-J1 Class B6, 3.434% due 7/25/2050 | 1,294,697 | 521,409 |
d,f,i | Series 2020-J2 Class AX1, 0.256% due 1/25/2051 | 101,263,429 | 1,397,456 |
d,f,i | Series 2020-J2 Class AXS, 0.21% due 1/25/2051 | 108,052,982 | 1,135,875 |
d,f | Series 2020-J2 Class B4, 2.756% due 1/25/2051 | 491,000 | 214,674 |
d,f | Series 2020-J2 Class B5, 2.756% due 1/25/2051 | 164,000 | 69,796 |
d,f | Series 2020-J2 Class B6, 2.756% due 1/25/2051 | 655,000 | 222,066 |
d,f | Series 2023-I1 Class M1, 7.117% due 4/25/2058 | 5,000,000 | 4,984,168 |
Citigroup Mortgage Loan Trust, Whole Loan Securities Trust CMO, | |||
f | Series 2004-HYB2 Class B1, 6.092% due 3/25/2034 | 160,310 | 116,919 |
d,f | Series 2020-EXP1 Class B1, 4.467% due 5/25/2060 | 2,150,000 | 1,745,594 |
d,f | Series 2020-EXP1 Class B2, 4.467% due 5/25/2060 | 1,450,000 | 1,116,963 |
d,f | Series 2020-EXP1 Class B3, 4.467% due 5/25/2060 | 725,000 | 474,741 |
d,i | Series 2020-EXP1 Class XS, due 5/25/2060 | 35,786,070 | 1,700,164 |
d,f | Series 2020-EXP2 Class B5, 4.149% due 8/25/2050 | 585,000 | 333,008 |
d,f | Series 2020-EXP2 Class B6, 4.149% due 8/25/2050 | 1,400,000 | 645,966 |
d,f | Series 2021-J1 Class B4, 2.611% due 4/25/2051 | 379,000 | 161,782 |
d,f | Series 2021-J1 Class B5, 2.611% due 4/25/2051 | 615,000 | 220,425 |
d,f | Series 2021-J1 Class B6, 2.611% due 4/25/2051 | 459,574 | 139,526 |
d,f | Series 2021-J3 Class B4, 2.859% due 9/25/2051 | 1,033,000 | 562,958 |
d,f | Series 2021-J3 Class B6, 2.859% due 9/25/2051 | 575,003 | 178,982 |
d | Cogent Ipv4 LLC, CMBS, Series 2024-1A Class A2, 7.924% due 5/25/2054 | 9,025,000 | 9,187,823 |
d,f | CSMC Trust, CMBS, Series 2020-522F Class A, 9.182% (TSFR1M + 3.85%) due 9/16/2025 | 15,450,000 | 9,051,977 |
CSMC Trust, Whole Loan Securities Trust CMO, | |||
d,f | Series 2020-AFC1 Class M1, 2.841% due 2/25/2050 | 3,808,500 | 3,125,282 |
d,f,i | Series 2021-AFC1 Class AIOS, 0.25% due 3/25/2056 | 79,737,038 | 643,294 |
d,f | Series 2021-AFC1 Class B3, 4.326% due 3/25/2056 | 215,000 | 148,350 |
d,f,i | Series 2021-AFC1 Class XS, 3.274% due 3/25/2056 | 80,161,426 | 13,992,177 |
d,f | Series 2022-NQM5 Class A3, 5.169% due 5/25/2067 | 3,580,805 | 3,456,574 |
d | DataBank Issuer LLC, CMBS, Series 2024-1A Class A2, 5.30% due 1/26/2054 | 10,000,000 | 9,610,946 |
d | DC Office Trust, CMBS, Series 2019-MTC Class A, 2.965% due 9/15/2045 | 3,025,000 | 2,580,346 |
Flagstar Mortgage Trust, Whole Loan Securities Trust CMO, | |||
d,f,i | Series 2020-2 Class AX1, 0.663% due 8/25/2050 | 99,754,423 | 2,941,449 |
d,f,i | Series 2020-2 Class AX2, 0.50% due 8/25/2050 | 17,097,389 | 407,154 |
d,f | Series 2020-2 Class B4, 3.663% due 8/25/2050 | 819,762 | 670,927 |
d,f | Series 2020-2 Class B5, 3.663% due 8/25/2050 | 2,459,287 | 1,886,965 |
d,f | Series 2020-2 Class B6C, 3.511% due 8/25/2050 | 3,279,050 | 1,661,315 |
d,f,i | Series 2021-13IN Class AX1, 0.178% due 12/30/2051 | 162,514,166 | 1,358,813 |
d,f,i | Series 2021-13IN Class AX17, 0.18% due 12/30/2051 | 13,472,677 | 138,149 |
d,f,i | Series 2021-13IN Class AX4, 0.50% due 12/30/2051 | 12,293,818 | 349,283 |
d,f | Series 2021-13IN Class B4, 3.358% due 12/30/2051 | 2,369,392 | 1,805,790 |
d,f | Series 2021-13IN Class B5, 3.358% due 12/30/2051 | 464,401 | 329,238 |
d,f | Series 2021-13IN Class B6C, 3.323% due 12/30/2051 | 4,075,218 | 2,167,331 |
d,f | Galton Funding Mortgage Trust, Whole Loan Securities Trust CMO, Series 2020-H1 Class B1, 3.386% due 1/25/2060 | 4,379,900 | 3,056,027 |
GS Mortgage-Backed Securities Trust, Whole Loan Securities Trust CMO, | |||
d,f,i | Series 2020-INV1 Class A11X, 3.408% due 10/25/2050 | 1,343,674 | 200,888 |
d,f,i | Series 2020-INV1 Class A12X, 2.921% due 10/25/2050 | 16,088,165 | 2,061,692 |
d,f,i | Series 2020-INV1 Class AIOS, 0.19% due 10/25/2050 | 87,283,536 | 621,319 |
d,f,i | Series 2020-INV1 Class AX1, due 10/25/2050 | 58,532,086 | 585 |
d,f,i | Series 2020-INV1 Class AX2, 0.421% due 10/25/2050 | 2,899,508 | 38,841 |
d,f,i | Series 2020-INV1 Class AX4, 0.925% due 10/25/2050 | 3,121,567 | 94,452 |
Thornburg Investment Income Builder Fund | June 30, 2024 (Unaudited) |
Issuer-Description | SHARES/ PRINCIPAL AMOUNT | VALUE | |
d,f | Series 2020-INV1 Class B4, 3.846% due 10/25/2050 | $ 1,842,051 | $ 1,522,368 |
d,f | Series 2020-INV1 Class B5, 3.846% due 10/25/2050 | 1,846,412 | 1,563,714 |
d,f | Series 2020-INV1 Class B6, 3.846% due 10/25/2050 | 4,401,770 | 2,972,958 |
d,f,i | Series 2020-INV1 Class BX, 0.346% due 10/25/2050 | 21,023,314 | 368,816 |
d | Homeward Opportunities Fund Trust, Whole Loan Securities Trust CMO, Series 2024-RTL1 Class A1, 7.12% due 7/25/2029 | 14,900,000 | 14,895,418 |
d | Houston Galleria Mall Trust, CMBS, Series 2015-HGLR Class A1A2, 3.087% due 3/5/2037 | 8,033,750 | 7,826,742 |
JP Morgan Mortgage Trust, Whole Loan Securities Trust CMO, | |||
d,f,i | Series 2020-3 Class AX1, 0.14% due 8/25/2050 | 14,030,606 | 70,048 |
d,f,i | Series 2020-4 Class A11X, (TSFR1M + 5.14%) due 11/25/2050 | 2,749,671 | 108,717 |
d,f,i | Series 2020-4 Class A3X, 0.50% due 11/25/2050 | 12,269,752 | 288,770 |
d,f,i | Series 2020-4 Class AX1, 0.093% due 11/25/2050 | 45,320,044 | 151,364 |
d,f,i | Series 2020-4 Class AX3, 3.50% due 11/25/2050 | 1,253,890 | 208,955 |
d,f,i | Series 2020-4 Class AX4, 0.55% due 11/25/2050 | 2,893,767 | 74,844 |
d,f | Series 2020-4 Class B4, 3.643% due 11/25/2050 | 1,901,248 | 1,590,796 |
d,f | Series 2020-4 Class B5, 3.643% due 11/25/2050 | 877,639 | 656,278 |
d,f | Series 2020-4 Class B6, 3.432% due 11/25/2050 | 1,582,548 | 715,283 |
d,f | Series 2020-7 Class B4, 3.509% due 1/25/2051 | 2,317,411 | 1,921,633 |
d,f | Series 2020-7 Class B5, 3.509% due 1/25/2051 | 1,624,012 | 1,003,215 |
d,f | Series 2020-7 Class B6, 3.509% due 1/25/2051 | 2,289,984 | 947,701 |
d,f | Series 2021-11 Class B5, 3.022% due 1/25/2052 | 3,641,746 | 2,473,132 |
d,f | Series 2021-11 Class B6, 2.763% due 1/25/2052 | 4,152,309 | 1,784,417 |
d,f | Series 2022-2 Class B4, 3.128% due 8/25/2052 | 3,190,164 | 2,327,752 |
d,f | Series 2022-2 Class B5, 3.128% due 8/25/2052 | 1,694,479 | 1,037,907 |
d,f | Series 2022-2 Class B6, 2.653% due 8/25/2052 | 1,802,416 | 614,717 |
d,f | Series 2022-3 Class B4, 3.104% due 8/25/2052 | 2,620,120 | 1,918,296 |
d,f | Series 2022-3 Class B5, 3.104% due 8/25/2052 | 1,667,608 | 783,008 |
d,f | Series 2022-3 Class B6, 2.62% due 8/25/2052 | 1,459,907 | 454,164 |
Mello Mortgage Capital Acceptance, Whole Loan Securities Trust CMO, | |||
d,f,i | Series 2021-INV2 Class AX1, 0.122% due 8/25/2051 | 98,399,583 | 487,944 |
d,f,i | Series 2021-INV2 Class AX4, 0.70% due 8/25/2051 | 6,742,163 | 267,652 |
d,f | Series 2021-INV2 Class B5, 3.322% due 8/25/2051 | 309,814 | 219,120 |
d,f | Series 2021-INV2 Class B6, 3.205% due 8/25/2051 | 1,500,868 | 721,265 |
d,f,i | Series 2021-INV3 Class AX1, 0.162% due 10/25/2051 | 117,702,923 | 846,025 |
d,f,i | Series 2021-INV3 Class AX4, 0.55% due 10/25/2051 | 9,532,279 | 257,491 |
d,f | Series 2021-INV3 Class B5, 3.212% due 10/25/2051 | 432,633 | 306,301 |
d,f | Series 2021-INV3 Class B6, 3.144% due 10/25/2051 | 1,900,106 | 935,724 |
f | Merrill Lynch Mortgage Investors Trust, Whole Loan Securities Trust CMO, Series 2004-A4 Class M1, 5.501% due 8/25/2034 | 790,254 | 747,004 |
d | Morgan Stanley Capital I, Inc., CMBS, Series 2024-BPR2 Class A, 7.291% due 5/5/2029 | 9,894,339 | 10,085,451 |
New Residential Mortgage Loan Trust, Whole Loan Securities Trust CMO, | |||
d,f,i | Series 2021-INV1 Class AX1, 0.75% due 6/25/2051 | 96,389,807 | 3,538,788 |
d,f | Series 2021-INV1 Class B5, 3.25% due 6/25/2051 | 1,068,713 | 789,383 |
d,f | Series 2021-INV1 Class B6, 1.995% due 6/25/2051 | 1,918,055 | 967,842 |
d,f | Series 2024-RTL1 Class A1, 6.664% due 3/25/2039 | 5,000,000 | 5,011,072 |
d | NYC Commercial Mortgage Trust, CMBS, Series 2021-909 Class A, 2.941% due 4/10/2043 | 5,000,000 | 3,935,171 |
d,f | Onslow Bay Mortgage Loan Trust, Whole Loan Securities Trust CMO, Series 2021-NQM4 Class A1, 1.957% due 10/25/2061 | 17,978,460 | 14,635,668 |
d,f | PRPM LLC, Whole Loan Securities Trust CMO, Series 2022-NQM1 Class A1, 5.50% due 8/25/2067 | 8,534,220 | 8,662,984 |
d,f | Residential Mortgage Loan Trust, Whole Loan Securities Trust CMO, Series 2019-3 Class B1, 3.81% due 9/25/2059 | 1,500,000 | 1,379,695 |
d | Retained Vantage Data Centers Issuer LLC, CMBS, Series 2023-1A Class A2A, 5.00% due 9/15/2048 | 5,000,000 | 4,827,585 |
d,f | Saluda Grade Alternative Mortgage Trust, Whole Loan Securities Trust CMO, Series 2020-FIG1 Class C, due 9/25/2050 | 6,002,836 | 2,187,732 |
d,f | Sequoia Mortgage Trust, Whole Loan Securities Trust CMO, Series 2017-7 Class B3, 3.725% due 10/25/2047 | 1,983,543 | 1,716,124 |
SG Residential Mortgage Trust, Whole Loan Securities Trust CMO, | |||
d,f,i | Series 2019-3 Class AIOS, 0.375% due 9/25/2059 | 47,681,208 | 640,030 |
d,f | Series 2019-3 Class B2, 5.663% due 9/25/2059 | 7,910,000 | 6,855,367 |
d,f | Series 2019-3 Class B3, 6.224% due 9/25/2059 | 3,366,214 | 2,754,955 |
a,d,f | Series 2019-3 Class C, due 9/25/2059 | 950 | 950 |
d | Series 2019-3 Class XS1, due 9/25/2059 | 46,410,975 | 464 |
d | Series 2019-3 Class XS2, due 9/25/2059 | 44,089,982 | 2,044,563 |
d,f | Starwood Mortgage Residential Trust, Whole Loan Securities Trust CMO, Series 2019-INV1 Class B1, 3.657% due 9/27/2049 | 10,000,000 | 8,931,038 |
d,f | Visio Trust, Whole Loan Securities Trust CMO, Series 2022-1 Class M1, 6.172% due 8/25/2057 | 5,351,000 | 5,181,099 |
Wells Fargo Mortgage Backed Securities Trust, Whole Loan Securities Trust CMO, | |||
d,f,i | Series 2020-3 Class AIO1, 0.186% due 6/25/2050 | 151,511,217 | 1,342,677 |
d,f | Series 2020-3 Class B5, 3.186% due 6/25/2050 | 1,046,000 | 566,920 |
d,f | Series 2020-3 Class B6, 3.186% due 6/25/2050 | 1,912,755 | 810,563 |
d,f,i | Series 2021-INV1 Class AIO2, 0.50% due 8/25/2051 | 174,326,872 | 4,852,720 |
d,f | Series 2021-INV1 Class B4, 3.312% due 8/25/2051 | 3,310,483 | 2,496,095 |
Thornburg Investment Income Builder Fund | June 30, 2024 (Unaudited) |
Issuer-Description | SHARES/ PRINCIPAL AMOUNT | VALUE | |
d,f | Series 2021-INV1 Class B5, 3.312% due 8/25/2051 | $ 2,553,801 | $ 1,764,151 |
d,f | Series 2021-INV1 Class B6, 3.312% due 8/25/2051 | 1,954,047 | 813,796 |
Total Mortgage Backed (Cost $275,851,163) | 280,308,373 | ||
Loan Participations — 0.2% | |||
Commercial & Professional Services — 0.1% | |||
Commercial Services & Supplies — 0.1% | |||
Imagefirst Holdings LLC, | |||
j | 9.578% (SOFR + 4.25%), due 4/27/2028 | 7,700,059 | 7,680,809 |
j | 9.589% (SOFR + 4.25%), due 4/27/2028 | 311,940 | 311,160 |
7,991,969 | |||
Consumer Services — 0.0% | |||
Commercial Services & Supplies — 0.0% | |||
j | GEO Group, Inc., 10.594% (SOFR + 5.25%) due 4/13/2029 | 5,000,000 | 5,093,750 |
5,093,750 | |||
Media & Entertainment — 0.0% | |||
Media — 0.0% | |||
j | Simon & Schuster, Inc., 9.33% (SOFR + 4.00%) due 10/30/2030 | 1,496,250 | 1,496,250 |
1,496,250 | |||
Technology Hardware & Equipment — 0.1% | |||
Communications Equipment — 0.0% | |||
j | GoTo Group, Inc., 10.178% (SOFR + 4.75%) due 4/28/2028 | 2,269,135 | 1,500,729 |
Technology Hardware, Storage & Peripherals — 0.1% | |||
j | Xerox Holdings Corp., 9.344% (SOFR + 4.00%) due 11/17/2029 | 7,800,000 | 7,782,918 |
9,283,647 | |||
Total Loan Participations (Cost $24,514,279) | 23,865,616 | ||
Short-Term Investments — 3.5% | |||
c | Thornburg Capital Management Fund | 45,553,801 | 455,538,009 |
Total Short-Term Investments (Cost $455,538,009) | 455,538,009 | ||
Total Investments — 98.9% (Cost $10,449,912,758) | $13,002,205,080 | ||
Other Assets Less Liabilities — 1.1% | 144,596,411 | ||
Net Assets — 100.0% | $13,146,801,491 |
Outstanding Forward Currency Contracts To Buy Or Sell At June 30, 2024 | |||||||
Contract Description | Contract Party* | Buy/Sell | Contract Amount | Contract Value Date | Value USD | Unrealized Appreciation | Unrealized Depreciation |
Swiss Franc | SSB | Sell | 87,922,500 | 9/20/2024 | 98,799,967 | $ 899,876 | $ — |
Euro | BBH | Sell | 1,097,457,000 | 9/20/2024 | 1,179,820,110 | 2,009,384 | — |
Euro | SSB | Sell | 1,097,457,000 | 9/20/2024 | 1,179,820,110 | 2,306,795 | — |
Great Britain Pound | SSB | Sell | 341,135,000 | 9/20/2024 | 431,480,812 | 1,747,675 | — |
Total | $6,963,730 | — | |||||
Net unrealized appreciation (depreciation) | $6,963,730 |
* | Counterparties include State Street Bank and Trust Company (“SSB”) and Brown Brothers Harriman & Co. (“BBH”). |
Footnote Legend | |
a | Security currently fair valued by Thornburg Investment Management, Inc.’s Valuation and Pricing Committee. |
b | Non-income producing. |
c | Investment in Affiliates. |
d | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are restricted but liquid and may only be resold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of June 30, 2024, the aggregate value of these securities in the Fund’s portfolio was $884,292,756, representing 6.73% of the Fund’s net assets. |
e | Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date. |
Thornburg Investment Income Builder Fund | June 30, 2024 (Unaudited) |
f | Variable, floating, step, or fixed to floating rate securities are securities for which interest rate changes are based on changes in a designated base rate or on a predetermined schedule. The rates shown are those in effect on June 30, 2024. |
g | Yankee bond denominated in U.S. dollars and is issued in the U.S. by foreign banks and corporations. |
h | Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at June 30, 2024. |
i | Interest only. |
j | The stated coupon rate represents the greater of the SOFR or the SOFR floor rate plus a spread at June 30, 2024. |
Thornburg Investment Income Builder Fund | June 30, 2024 (Unaudited) |
Thornburg Investment Income Builder Fund | June 30, 2024 (Unaudited) |
Market Value 9/30/23 | Purchases at Cost | Sales Proceeds | Realized Gain (Loss) | Change in Unrealized Appr./(Depr.) | Market Value 6/30/24 | Dividend Income | |
Chimera Investment Corp. | $81,045,985 | $- | $(4) | $(17) | $(17,713,331) | $63,332,633 | $4,997,341 |
Malamute Energy, Inc. | 12,439 | - | - | - | - | 12,439 | - |
SLR Investment Corp. | 66,298,581 | - | - | - | 3,015,530 | 69,314,111 | 5,298,717 |
Thornburg Capital Mgmt. Fund | 616,523,198 | 1,447,777,542 | (1,608,762,731) | - | - | 455,538,009 | 18,991,021 |
Total | $763,880,203 | $1,447,777,542 | $(1,608,762,735) | $(17) | $(14,697,801) | $588,197,192 | $29,287,079 |