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Launched

Thornburg International Equity ETF

TXUENasdaqC

$34.70+0.17 (+0.48%)

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

C42/ 100

Rank 12 of 18 in International Active Value

C42/100Rank 12 of 18inInternational Active Value
Intraday session: up, 77 prints from 34.53 to 34.70. Range 34.61 to 34.78. Use the arrow keys to read each point.34.6034.6534.7510 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$560M
1Y total return
+16.4%
Yield · Last 12 months
Data unavailable
Holdings
50
Avg volume · 30D
0M sh
NAV per share
$34.40
52W range
low $29.79high $38.40
Launched

The ETF.net TXUE Grade

C

Score 42 out of 100

Category
International Active Value⁠
Rank
12 of 18
Six-pillar profile for TXUE. Scores out of 100: Cost 50, Risk 41, Mission 58, Tradability 42, Holdings 18, Durability 59. Strongest: Durability (59). Weakest: Holdings (18). Leans toward Durability and Mission.

Score 42 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.
    C50 out of 100
    Rank 9 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B58 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 17

  • 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 9 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F18 out of 100
    Rank 17 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

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 Oct 12, 2026
Asset class
Stocks
Holdings
50
Top-10 weight
33%
Largest holding
Cash & Cash Equivalents5.7%

Geography

  • United Kingdom27.24%
  • United States22.74%
  • Hong Kong19.89%
  • Canada17.64%
  • Germany8.40%
  • Singapore4.10%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001Cash & Cash EquivalentsCash & Cash Equivalents5.67%93,142,787$32M67
0026889106Taiwan Semiconductor Manufacturing Co. Ltd.4.44%311,136$25M2
0036335171Mitsubishi UFJ Financial Group, Inc.3.58%917,064$20M1
0047309681BNP Paribas S.A.2.86%158,960$16M3
005AZNAstraZeneca plc2.84%99,991$16M72
006BZ57390ING Groep N.V.2.83%477,608$16M1
0075176177Orange S.A.2.83%1,020,145$16M2
008B15C557TotalEnergies SE2.81%178,948$16M1
009BNG8PQ9NN Group N.V.2.71%179,748$15M2
0106429104Hitachi Ltd.2.67%418,363$15M1
0115727973Siemens AG2.66%48,975$15M2
0124942904E.on SE2.56%747,524$14M2
0136821506Sony Group Corp.2.55%593,514$14M1
014—Roche Holding AG2.48%32,218$14M2
015FCXFreeport-McMoRan, Inc.2.42%183,879$14M375

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$11,636
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. TXUE $11,636. SPY $12,044. Use the arrow keys to read each point.$9,557$11,068$12,578Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – 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 TXUE. Periods over one year show the average yearly return.
PeriodTXUE
Year to date+10.1%
1 month−3.4%
3 months−0.7%
1 year+16.4%
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 TXUE
YearReturn barTXUE
2026 YTD+10.1%
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

TXUE Risk

How much the fund’s monthly returns vary, scaled to a year.
11.9%
Annualised · 20 months to Sep 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.
1.39
vs 3-month T-bills · 20 months to Sep 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.
0.41
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.

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.

Other funds in International Active Value

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