Thornburg Investment Income Builder Fund - Thornburg

Shareclass
Thornburg Investment Income Builder Fund Thornburg Investment Income Builder Fund - Class R6 (TIBOX)
Type
Open-end mutual fund
Manager
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments
D
13.87%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
8
holdings flagged
14%
of assets flagged
This fund contains
 $2.62 BILLION invested 
in holdings flagged for deforestation risk
Take action
producers
Commodity producers
1 holdings
0.62% of assets
$116.96 MILLION invested
banks
Banks and lenders
3 holdings
8.31% of assets
$1.57 BILLION invested
consumers
Major consumer brands
4 holdings
4.94% of assets
$932.21 MILLION invested
Commodity producers
Commodity producers
1 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
1 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Glencore PLC
    Soy producerPalm oil producer
    0.62%0.62% of portfolio
    $116.96M$116.96M invested
    Soy producerPalm oil producer
Banks and lenders
Banks and lenders
3 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
3 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Citigroup Inc
    4.32%4.32% of portfolio
    $815.31M$815.31M invested
  • 2. BNP Paribas SA
    3.97%3.97% of portfolio
    $749.33M$749.33M invested
Major consumer brands
Major consumer brands
4 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
4 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Tesco PLC
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    2.62%2.62% of portfolio
    $494.44M$494.44M invested
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 2. Home Depot Inc/The
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
    0.92%0.92% of portfolio
    $173.94M$173.94M invested
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
  • 3. CK Hutchison Holdings Ltd
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.86%0.86% of portfolio
    $162.8M$162.8M invested
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 4. Shell PLC
    Soy major consumer brandPalm oil major consumer brand
    0.54%0.54% of portfolio
    $101.04M$101.04M invested
    Soy major consumer brandPalm oil major consumer brand
View more info
DATA AS OF 31 Dec 2025





Take Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.
More from Invest Your Values
See how mutual funds and ETFs are rated on issues ranging from fossil fuels, to deforestation, gender equality, guns, prisons, weapons, and tobacco

Disclaimer: As You Sow is not an investment adviser

As You Sow is not an investment adviser as that term is defined under federal and state (California) laws and regulations. As You Sow is a tax-exempt, nonprofit organization dedicated to educating and empowering shareholders to change corporations for the good through the collection, analysis and dissemination of relevant information to the public, free of charge. As You Sow does not provide financial planning, legal or tax advice. Nothing on this website shall constitute or be construed as an offering of financial instruments, or as investment advice or investment recommendations.
See our full disclaimer