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TXUE

GradeCNASDAQ Global Market

Thornburg International Equity ETF

Active Equity · Thornburg · Inception 2025-01-20

$35.17−0.51 (−1.43%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Jan 22, 2025.
Intraday session: down, 39 prints from 35.68 to 35.17. Range 35.04 to 35.34. Use the arrow keys to read each point.$35.10$35.3010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$555M
1Y return
+19.1%
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$35.67
52W range
low $29.79high $38.40

The ETF.net TXUE Grade

C

48/ 100

Rank 9 of 18 in International Active Value⁠

Confidence Medium

Six-pillar profile for TXUE. Scores out of 100: Cost 50, Risk 45, Mission 61, Tradability 65, Holdings 18, Durability 60. Strongest: Tradability (65). Weakest: Holdings (18). No single pillar leads.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 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 50
    Category rank10/18 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 61
    Category rank3/3 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 45
    Category rank12/17 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 65
    Category rank6/18 · top 33%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 18
    Category rank17/17 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank9/18 · top 50%

Graded as of Sep 22, 2026

Our read on TXUE

ETF.net Research

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

  1. 01The 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
  2. 02At 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.
  3. 03Mandate 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
  4. 04A real Thornburg desk runs it, with named portfolio managers, since the firm's ETF debut in January 2025.thornburg.com

Worth knowing

  1. 01Passive-leaning value rivals undercut it: AVIV at 0.25% and AVDV at 0.36%, so the stockpicking here carries a visible fee gap.
  2. 02Launched in January 2025, so the live record is short and the risk read rests on limited history.
  3. 03Actively managed, so country, sector and stock mix shift with the managers' calls rather than an index's rules.sec.gov

TXUE Holdings

As of Sep 20, 2026, 10:32 PM
Asset class
Stocks
Holdings
—
Top-10 weight
33%
Largest holding
Cash & Cash Equivalents4.1%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001Cash & Cash EquivalentsCash & Cash Equivalents4.14%2,191,220$23M67
0026889106Taiwan Semiconductor Manufacturing Co. Ltd.3.80%276,928$21M2
0037309681BNP Paribas S.A.3.40%158,175$19M3
0045176177Orange S.A.3.35%1,015,099$19M2
0056335171Mitsubishi UFJ Financial Group, Inc.3.24%767,082$18M1
006BZ57390ING Groep N.V.3.18%475,245$18M1
007BNG8PQ9NN Group N.V.3.00%178,858$17M2
008B15C557TotalEnergies SE2.93%178,062$16M1
009AZNAstraZeneca plc2.79%93,077$15M68
0105727973Siemens AG2.69%48,733$15M2
0116429104Hitachi Ltd.2.64%416,293$15M1
0126821506Sony Group Corp.2.57%590,578$14M1
013—Roche Holding AG2.53%32,057$14M2
0144942904E.ON SE2.52%683,798$14M2
0155271782Endesa S.A.2.38%263,332$13M2

Showing 1–15 of 50 holdings

TXUE Performance

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

TXUE$11,912
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. TXUE $11,912. SPY $11,723. Use the arrow keys to read each point.$9,313$10,893$12,473Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – 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 TXUE. Periods over one year show the average yearly return.
PeriodTXUE
Year to date+13.8%
1 month−2.3%
3 months+3.2%
1 year+19.1%
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 TXUE
YearReturn barTXUE
2026 YTD+13.8%
2025+25.7%

History from Jan 22, 2025

TXUE in the news

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

TXUE 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
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

TXUE Risk

How much the fund’s monthly returns vary, scaled to a year.
11.0%
Annualised · 19 months to Aug 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.
1.86
vs 3-month T-bills · 19 months to Aug 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%
20 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.
0.38
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.

TXUE Cost

Expense ratio0.65%
  • The middle half of International Active Value funds
  • Median 0.66%

8 of the 18 International Active Value funds charge less.

TXUE costs $65.00 a year on $10,000. The median International Active Value fund costs $65.50.