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TAOZ

GradeCNASDAQ Global Market

Thornburg American Opportunities Fund

Active Equity · Thornburg · Inception 2026-03-31

$88.68−0.32 (−0.36%)

As of Sep 23, 2026, 12:07 PM EDT

History starts Apr 1, 2026.History starts Apr 1, 2026.History starts Apr 1, 2026.
Intraday session: down, 5 prints from 89.00 to 88.68. Range 88.66 to 88.92. Use the arrow keys to read each point.$88.80$88.9010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$524M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$88.82
52W range
low $80.83high $92.83

The ETF.net TAOZ Grade

C

49/ 100

Rank 5 of 9 in Global Active Growth⁠

Confidence Medium

Six-pillar profile for TAOZ. Scores out of 100: Cost 42, Risk 90, Mission not scored, Tradability 19, Holdings 47, Durability 62. Strongest: Risk (90). Weakest: Tradability (19). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 49 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 42
    Category rank6/9 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 90
    Category rank1/8 · top 13%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 19
    Category rank8/9 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 47
    Category rank5/8 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 62
    Category rank3/9 · top 33%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

TAOZ Holdings

As of Sep 20, 2026, 10:32 PM
Asset class
Stocks
Holdings
—
Top-10 weight
40%
Largest holding
GOOGL5.2%

Sectors

  • Technology22.7%
  • Financials21.9%
  • Communication13.3%
  • Consumer Discr.13.0%
  • Health Care9.5%
  • Industrials5.9%
  • Energy4.2%
  • Utilities3.5%
  • Real Estate3.5%
  • Cons. Staples2.5%

Geography

  • United States66.04%
  • Canada10.46%
  • Japan4.19%
  • South Korea3.75%
  • France3.37%
  • Mexico2.57%
  • Bermuda2.43%
  • Ireland1.89%
  • Other countries (3)5.31%

Developed 74% · Emerging 26% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001GOOGLAlphabet, Inc.5.25%75,338$26M704
002AAPLApple, Inc.5.08%75,130$25M707
003LLYEli Lilly & Co.4.15%17,944$21M569
004—Round One Corp.4.11%2,708,372$21M1
005METAMeta Platforms, Inc.3.94%28,783$20M683
006—Samsung Electronics Co. Ltd.3.88%138,393$19M1
007SCHWThe Charles Schwab Corp.3.74%178,319$19M385
008IQVIQVIA Holdings, Inc.3.72%68,783$19M290
009COHRCoherent Corp.3.15%53,145$16M341
010CIGIColliers International Group, Inc.3.15%177,161$16M8
011NFLXNetflix, Inc.2.94%194,545$15M493
012LPLALPL Financial Holdings, Inc.2.84%43,011$14M190
013SNSharkNinja, Inc.2.83%84,904$14M174
014CCitigroup, Inc.2.83%106,248$14M407
015B15C4L6Constellation Software, Inc./Canada2.80%6,908$14M1

Showing 1–15 of 44 holdings

TAOZ Performance

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

TAOZ$10,426
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. TAOZ $10,426. SPY $10,415. Use the arrow keys to read each point.$9,707$10,334$10,962Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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−4.0%
3 months+4.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+10.1%

History from Apr 1, 2026

TAOZ in the news

ETF.net Research hasn’t filed on TAOZ yet — coverage lands here as it’s written.

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 Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Mar 2026. No distributions yet.

TAOZ Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Mar 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 Mar 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 Mar 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 0.79%

3 of the 7 Global Active Growth funds charge less.

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