Skip to content
etf.net

TXUG

GradeDNASDAQ Global Market

Thornburg International Growth Fund ETF

Active Equity · Thornburg · Inception 2025-01-21

$27.30−0.33 (−1.19%)

As of Sep 23, 2026, 3:07 PM EDT

History starts Jan 23, 2025.
Intraday session: down, 58 prints from 27.62 to 27.30. Range 27.20 to 28.05. Use the arrow keys to read each point.$27.40$27.60$27.80$28.0010 AM12 PM2 PM4 PM
Expense ratio
0.70%
Fund size
$4M
1Y return
+6.9%
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$26.78
52W range
low $22.77high $28.41

The ETF.net TXUG Grade

D

26/ 100

Rank 52 of 57 in International Active Equity⁠

Confidence High

Six-pillar profile for TXUG. Scores out of 100: Cost 37, Risk 26, Mission 73, Tradability 6, Holdings 21, Durability 35. Strongest: Mission (73). Weakest: Tradability (6). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 26 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned26This cap took−0Published score26 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 37
    Category rank37/57 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 73
    Category rank2/7 · top 29%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 26
    Category rank49/57 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 6
    Category rank57/57 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 21
    Category rank52/53 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 35
    Category rank47/57 · bottom quartile

Graded as of Sep 22, 2026

Our read on TXUG

ETF.net Research

DThornburg's answer to index-hugging international funds: an active, quality-growth portfolio of developed-market companies outside the US, launched in 2025 and priced at 0.70% for the human stock picking.

Stated mandate

The fund expects to invest primarily in equity securities or depositary receipts of issuers from developed markets outside the United States.

Why people hold it

  1. 01Genuinely active, not an index tracker. Thornburg hunts developed-market companies it judges to have durable competitive advantages and long-term growth potential.thornburg.com
  2. 02Stays on its stated mandate: equities and depositary receipts of issuers in developed markets outside the US, closely matching what the prospectus describes.
  3. 03The mandate reaches past mega caps into small and mid caps, so the portfolio can look meaningfully different from a cap-weighted international index fund.thornburg.com

Worth knowing

  1. 01The 0.70% fee sits above the typical active international fund, and systematic rivals like AVDE (0.23%) and DFIC (0.22%) charge roughly a third as much.
  2. 02A small, lightly traded fund, so bid-ask spreads can run wider than in the category's heavyweights.
  3. 03Launched in 2025, so the track record is short. Growth-priced foreign stocks also bring currency swings and sharper reactions to earnings surprises.thornburg.com

TXUG Holdings

As of Sep 20, 2026, 10:32 PM
Asset class
Stocks
Holdings
—
Top-10 weight
42%
Largest holding
B929F467.9%

Geography

  • United States41.72%
  • Canada10.24%
  • United Kingdom9.83%
  • Italy8.73%
  • Singapore6.85%
  • Germany6.76%
  • Uruguay6.73%
  • Ireland4.53%
  • Other countries (2)4.62%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001B929F46ASML Holding N.V.7.91%208$339K1
0026889106Taiwan Semiconductor Manufacturing Co. Ltd.5.95%3,351$255K2
003AMDAdvanced Micro Devices, Inc.4.58%360$196K618
0046441506Hoya Corp.4.30%1,266$184K1
005B63H849Rolls-Royce Holdings plc3.87%8,386$166K1
006AZNAstraZeneca plc3.30%852$142K68
007B1YXBJ7Air Liquide S.A.3.10%699$133K2
0084834108Schneider Electric SE3.05%396$131K2
009RACEFerrari N.V.2.93%303$125K43
0107333378Lonza Group AG2.89%187$124K1
011MAMastercard, Inc.2.84%215$122K512
012—Diploma plc2.75%1,205$118K1
013—ASM International N.V.2.73%129$117K1
014ANETArista Networks, Inc.2.70%579$116K490
015—Leonardo SpA2.56%1,883$110K1

Showing 1–15 of 44 holdings

TXUG Performance

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

TXUG$10,688
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. TXUG $10,688. SPY $11,723. Use the arrow keys to read each point.$8,570$10,284$11,998Sep 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 TXUG. Periods over one year show the average yearly return.
PeriodTXUG
Year to date+13.1%
1 month−1.0%
3 months+1.1%
1 year+6.9%
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 TXUG
YearReturn barTXUG
2026 YTD+13.1%
2025−1.7%

History from Jan 23, 2025

TXUG in the news

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

TXUG 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
$0.12 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 $0.12. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 19, 2025$0.12

TXUG Risk

How much the fund’s monthly returns vary, scaled to a year.
14.5%
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.
0.20
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.
−18.6%
19 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.
0.82
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.

TXUG Cost

Expense ratio0.70%
  • The middle half of International Active Equity funds
  • Median 0.58%

34 of the 55 International Active Equity funds charge less.

TXUG costs $70.00 a year on $10,000. The median International Active Equity fund costs $58.00.