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Launched

Thornburg International Equity ETF

TXUENasdaqThornburgC

$34.93+0.23 (+0.67%)

At close: Nov 2, 2026, 4:00 PM ET

C41/ 100

Rank 10 of 18 in International Active Value

C41/100Rank 10 of 18inInternational Active Value
Intraday session: up, 79 prints from 34.70 to 34.93. Range 34.84 to 35.08. Use the arrow keys to read each point.34.8035.0035.1010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$583M
1Y total return
+16.2%
Yield · Last 12 months
No data
Holdings
50
Avg volume · 30D
49.6K sh
52W range
low $29.79high $38.40
Launched

The ETF.net TXUE Grade

C

Score 41 out of 100

Category
International Active Value⁠
Rank
10 of 18
Six-pillar profile for TXUE. Scores out of 100: Cost 41, Risk 41, Mission 60, Tradability 42, Holdings 32, Durability 59. Strongest: Mission (60). Weakest: Holdings (32). Leans toward Mission and Durability.

Score 41 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.
    C41 out of 100
    Rank 10 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B60 out of 100
    Rank 3 of 3

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C41 out of 100
    Rank 13 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 12 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D32 out of 100
    Rank 14 of 17

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B59 out of 100
    Rank 9 of 18

Our read on TXUE

ETF.net Research

In short

CThornburg's long-running international playbook in ETF form: developed-market stocks sorted into three buckets (basic value, consistent earners, emerging franchises) so no single style runs the whole portfolio.

Stated mandate

The Fund seeks long-term capital appreciation through an actively managed portfolio primarily consisting of common stocks and depositary receipts of non-U.S. developed-market companies.

Why people hold it

  • The three-basket build is the strategy, not marketing: value, steady compounders and up-and-comers each get a sleeve, which spreads style risk inside one fund.thornburg.com
  • At 0.65% it charges the going rate for its active international value peer group, and it sits in the upper half of that group on our review.
  • Mandate is tight and written down: at least 80% of net assets in non-US developed-market stocks and the depositary receipts that track them.sec.gov
  • A real Thornburg desk runs it, with named portfolio managers, since the firm's ETF debut in January 2025.thornburg.com

Worth knowing

  • Passive-leaning value rivals undercut it: AVIV at 0.25% and AVDV at 0.36%, so the stockpicking here carries a visible fee gap.
  • Launched in January 2025, so the live record is short and the risk read rests on limited history.
  • Actively managed, so country, sector and stock mix shift with the managers' calls rather than an index's rules.sec.gov

TXUE Holdings

Holdings pillarD32 out of 100Rank 14 of 17 in International Active Value
Asset class
Stocks
Holdings
50
Top-10 weight
32%
Largest holding
Cash & Cash Equivalents5.2%

Geography

  • Japan15.65%
  • France15.49%
  • Germany13.82%
  • United Kingdom9.47%
  • Switzerland9.10%
  • United States6.38%
  • Hong Kong5.55%
  • Italy5.16%
  • Other countries (5)19.38%

Developed 96% · Emerging 4% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataCash & Cash Equivalents5.17%85,590,523$30.1M66
2AZNAstraZeneca plc3.38%105,550$19.7M69
35176177Orange S.A.3.28%1,184,109$19.1M2
4B15C557TotalEnergies SE3.09%188,896$18M1
56563024Sumitomo Mitsui Financial Group, Inc.2.89%820,924$16.8M1
66889106Taiwan Semiconductor Manufacturing Co. Ltd.2.87%230,270$16.7M2
7No dataRoche Holding AG2.86%34,026$16.7M2
84942904E.on SE2.86%789,042$16.7M2
9BNG8PQ9NN Group N.V.2.83%189,741$16.5M2
107144569Enel SpA2.76%1,545,662$16.1M2
117309681BNP Paribas S.A.2.75%167,783$16M3
12BZ57390ING Groep N.V.2.73%504,151$15.9M1
136821506Sony Group Corp.2.70%626,479$15.7M1
145727973Siemens AG2.63%51,691$15.3M2
15AAGIYAIA Group Ltd.2.62%394,691$15.3M9

Showing 1–15 of 50 holdings

TXUE Performance

Launched Jan 21, 2025

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.
TXUE$11,619
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. TXUE $11,619. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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 TXUE. Periods over one year show the average yearly return.
PeriodTXUE
Year to date+11.4%
1 month+0.8%
3 months−3.2%
1 year+16.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 TXUE
YearReturn barTXUE
2026 YTD+11.4%
2025+25.7%

History from Jan 22, 2025

TXUE in the news

Filtered to TXUE · International Active Value

TXUE Dividends

Last payment
$0.34 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 18, 2025 $0.34. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 19, 2025$0.34

$10,000 in TXUE 1 year ago paid $112 in dividends.

TXUE Risk

Risk pillarC41 out of 100Rank 13 of 18 in International Active Value
How much the fund’s monthly returns vary, scaled to a year.
11.7%
Annualised · 21 months to Oct 2026
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.
1.33
vs 3-month T-bills · 21 months to Oct 2026
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.
−13.0%
21 months · trough Apr 2025
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.
0.41
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.

FMP measures it over up to five years of monthly returns.

TXUE Cost

Compare TXUE and AVIV

Overpaying vs AVIV, cheapest in International Active Value

$7,558

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TXUE 0.65%

    $12,717

  • AVIV 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • TXUE 0.65%
  • AVIV 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530TXUE $12,717AVIV $5,159

Year by year

YearTXUEAVIVOverpaying
10$1,163$455$708
20$4,440$1,769$2,671
30$12,717$5,159$7,558

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