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Launched

Thornburg American Opportunities Fund

TAOZNasdaqC

$89.79+1.45 (+1.64%)

At close: Oct 13, 2026, 4:00 PM

C47/ 100

Rank 6 of 9 in Global Active Growth

C47/100Rank 6 of 9inGlobal Active Growth
Intraday session: up, 6 prints from 88.34 to 89.79. Range 89.54 to 89.81. Use the arrow keys to read each point.88.7589.0089.2589.5010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$524M
1Y total return
—
Yield · Last 12 months
—
Holdings
44
Avg volume · 30D
0M sh
NAV per share
$89.26
52W range
low $80.83high $92.83
Launched

The ETF.net TAOZ Grade

Based on 5 of 6 pillars

C

Score 47 out of 100

Category
Global Active Growth⁠
Rank
6 of 9
Six-pillar profile for TAOZ. Scores out of 100: Cost 33, Risk 89, Mission not scored, Tradability 28, Holdings 50, Durability 62. Strongest: Risk (89). Weakest: Tradability (28). Based on 5 of 6 pillars.

Score 47 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D33 out of 100
    Rank 6 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A89 out of 100
    Rank 1 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D28 out of 100
    Rank 8 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C50 out of 100
    Rank 5 of 8

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B62 out of 100
    Rank 3 of 9

TAOZ Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
44
Top-10 weight
41%
Largest holding
GOOGL5.3%

Sectors

  • Technology23.0%
  • Financials20.4%
  • Communication14.0%
  • Consumer Discretionary12.6%
  • Health Care9.8%
  • Industrials5.3%
  • Energy5.1%
  • Utilities4.3%
  • Real Estate3.1%
  • Consumer Staples2.4%

Geography

  • United States65.92%
  • Canada10.36%
  • Japan4.46%
  • South Korea3.67%
  • France3.29%
  • Bermuda2.61%
  • Mexico2.48%
  • Ireland1.94%
  • Other countries (3)5.26%

Developed 74% · Emerging 26% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001GOOGLAlphabet, Inc.5.28%75,338$26M709
002AAPLApple, Inc.5.04%75,130$25M715
003—Round One Corp.4.43%2,708,372$22M1
004LLYEli Lilly & Co.4.22%17,944$21M583
005METAMeta Platforms, Inc.4.12%28,783$21M704
006—Samsung Electronics Co. Ltd.3.99%138,393$20M2
007IQVIQVIA Holdings, Inc.3.56%68,783$18M289
008SCHWThe Charles Schwab Corp.3.44%178,319$17M393
009COHRCoherent Corp.3.31%53,145$17M346
010SNSharkNinja, Inc.3.13%84,904$16M177
011CIGIColliers International Group, Inc.3.06%177,161$15M9
012B15C4L6Constellation Software, Inc./Canada2.90%6,908$15M1
013LPLALPL Financial Holdings, Inc.2.84%43,011$14M193
014CCitigroup, Inc.2.75%106,248$14M408
015NFLXNetflix, Inc.2.73%194,545$14M485

Showing 1–15 of 44 holdings

TAOZ Performance

Launched Apr 1, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
TAOZ$10,159
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. TAOZ $10,159. SPY $10,332. Use the arrow keys to read each point.$9,594$10,089$10,585Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TAOZ. Periods over one year show the average yearly return.
PeriodTAOZ
Year to dateFund launched this year—
1 month−0.2%
3 months+1.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TAOZ
YearReturn barTAOZ
2026 YTD+10.9%

Since listing, Apr 1, 2026

TAOZ in the news

No ETF.net Research article names TAOZ yet.

TAOZ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Apr 2026. No distributions yet.

TAOZ Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.96
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TAOZ Cost

Expense ratio0.79%
  • The middle half of Global Active Growth funds
  • Median 0.78%

4 of the 8 Global Active Growth funds charge less.

TAOZ costs $79.00 a year on $10,000. The median Global Active Growth fund costs $78.00.

Other funds in Global Active Growth

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