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Launched

Thornburg International Growth Fund ETF

TXUGNasdaqD

$27.16−0.57 (−2.05%)

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

D33/ 100

Rank 47 of 57 in International Active Equity

D33/100Rank 47 of 57inInternational Active Equity
Intraday session: down, 66 prints from 27.73 to 27.16. Range 27.02 to 27.26. Use the arrow keys to read each point.27.0027.4027.6010 AM12 PM2 PM4 PM
Expense ratio
0.70%
Fund size
$4M
1Y total return
+10.0%
Yield · Last 12 months
Data unavailable
Holdings
44
Avg volume · 30D
0M sh
NAV per share
$27.51
52W range
low $22.76high $28.41
Launched

The ETF.net TXUG Grade

D

Score 33 out of 100

Category
International Active Equity⁠
Rank
47 of 57
Six-pillar profile for TXUG. Scores out of 100: Cost 38, Risk 36, Mission 68, Tradability 31, Holdings 19, Durability 36. Strongest: Mission (68). Weakest: Holdings (19). Leans toward Mission.

Score 33 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
34
This cap took
−0
Published Score
33 Grade D

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D38 out of 100
    Rank 35 of 57

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B68 out of 100
    Rank 2 of 7

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D36 out of 100
    Rank 45 of 57

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D31 out of 100
    Rank 45 of 57

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F19 out of 100
    Rank 52 of 53

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D36 out of 100
    Rank 47 of 57

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 Oct 12, 2026
Asset class
Stocks
Holdings
44
Top-10 weight
42%
Largest holding
B929F468.5%

Geography

  • United States44.25%
  • Canada11.83%
  • United Kingdom8.91%
  • Italy7.87%
  • Uruguay6.79%
  • Germany6.53%
  • Singapore6.29%
  • Ireland4.14%
  • Other countries (1)3.40%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001B929F46ASML Holding N.V.8.47%208$373K1
0026889106Taiwan Semiconductor Manufacturing Co. Ltd.6.08%3,351$268K2
003AMDAdvanced Micro Devices, Inc.4.97%360$219K635
0046441506Hoya Corp.4.50%1,251$198K1
005B63H849Rolls-Royce Holdings plc3.72%8,944$164K1
006AZNAstraZeneca plc2.99%826$131K72
007B1YXBJ7Air Liquide S.A.2.97%688$131K2
008—ASM International N.V.2.90%129$128K1
009MAMastercard, Inc.2.88%215$127K526
010ANETArista Networks, Inc.2.85%579$125K509
011SHOPShopify, Inc.2.83%730$125K131
0127333378Lonza Group AG2.83%181$125K1
013BMTVQK9Siemens Energy AG2.81%759$124K2
014—Diploma plc2.77%1,184$122K1
0154834108Schneider Electric SE2.64%390$116K2

Showing 1–15 of 44 holdings

TXUG Performance

Launched Jan 22, 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.
TXUG$10,996
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. TXUG $10,996. SPY $12,044. Use the arrow keys to read each point.$8,919$10,605$12,292Oct 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 TXUG. Periods over one year show the average yearly return.
PeriodTXUG
Year to date+12.0%
1 month+1.1%
3 months−0.5%
1 year+10.0%
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 TXUG
YearReturn barTXUG
2026 YTD+12.0%
2025−1.7%

History from Jan 23, 2025

TXUG in the news

Filtered to TXUG · International Active Equity

TXUG Dividends

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.
14.1%
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.
0.15
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.
−18.6%
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.
0.82
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 0.59%

33 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 $59.00.

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