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Launched

Thornburg International Growth Fund ETF

TXUGNasdaqThornburgD

$25.92−0.14 (−0.55%)

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

D28/ 100

Rank 50 of 56 in International Active Equity

D28/100Rank 50 of 56inInternational Active Equity
Intraday session: down, 78 prints from 26.06 to 25.92. Range 25.91 to 26.36. Use the arrow keys to read each point.26.0026.2026.3010 AM12 PM2 PM4 PM
Expense ratio
0.70%
Fund size
$4M
1Y total return
+2.8%
Yield · Last 12 months
No data
Holdings
42
Avg volume · 30D
528 sh
52W range
low $22.76high $28.41
Launched

The ETF.net TXUG Grade

D

Score 28 out of 100

Category
International Active Equity⁠
Rank
50 of 56
Six-pillar profile for TXUG. Scores out of 100: Cost 30, Risk 30, Mission 66, Tradability 26, Holdings 24, Durability 36. Strongest: Mission (66). Weakest: Holdings (24). Leans toward Mission.

Score 28 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
29
This cap took
0
Published Score
28 Grade D

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D30 out of 100
    Rank 39 of 56

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B66 out of 100
    Rank 2 of 7

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D30 out of 100
    Rank 46 of 56

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D26 out of 100
    Rank 48 of 56

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F24 out of 100
    Rank 48 of 52

  • 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 45 of 56

Our read on TXUG

ETF.net Research

In short

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

  • Genuinely active, not an index tracker. Thornburg hunts developed-market companies it judges to have durable competitive advantages and long-term growth potential.thornburg.com
  • Stays on its stated mandate: equities and depositary receipts of issuers in developed markets outside the US, closely matching what the prospectus describes.
  • The 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

  • The 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.
  • A small, lightly traded fund, so bid-ask spreads can run wider than in the category's heavyweights.
  • Launched 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 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$10,276
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. TXUG $10,276. SPY $11,146. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 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 TXUG. Periods over one year show the average yearly return.
PeriodTXUG
Year to date+6.1%
1 month−6.6%
3 months−3.6%
1 year+2.8%
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 TXUG
YearReturn barTXUG
2026 YTD+6.1%
2025−1.7%

History from Jan 23, 2025

TXUG in the news

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

$10,000 in TXUG 1 year ago paid $49.49 in dividends.

TXUG Risk

Risk pillarD30 out of 100Rank 46 of 56 in International Active Equity
How much the fund’s monthly returns vary, scaled to a year.
14.3%
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.
−0.06
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.
−18.6%
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.
0.82
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.

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

TXUG Cost

Compare TXUG and TACN

Overpaying vs TACN, cheapest in International Active Equity

$13,606

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

  • TXUG 0.70%

    $13,606

  • TACN 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • TXUG 0.70%
  • TACN 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530TXUG $13,606TACN $0

Year by year

YearTXUGTACNOverpaying
10$1,250$0$1,250
20$4,760$0$4,760
30$13,606$0$13,606

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