AVIV vs TXUE

AVIVAAvantis International Large Cap Value ETF

TXUECThornburg International Equity ETF

In short

AVIV Avantis takes the academic value playbook overseas: about 600 developed-market large caps screened for cheap prices and strong profitability, at 0.25% a year. Active management without the active-manager price tag.

TXUE Thornburg'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

AVIV The fund seeks long-term capital appreciation through a broadly diversified portfolio of large-capitalization companies in non-U.S. developed countries.

TXUE 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

• AVIV 0.25% a year, against a roughly 0.65% median across active international value funds. Cheap enough that the fee stops being the deciding factor.
• Two screens, not one: cheap valuations plus higher profitability. Both factors are written into the mandate rather than left to a manager's mood.
• About 600 large caps spread across non-US developed markets, so no single name or country steers the fund. Breadth is the design, not a byproduct.
• Among the active international value ETFs we cover, one of the strongest implementations in the group, and it has been running since 2021.

• TXUE The 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
• At 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.
• Mandate 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
• A real Thornburg desk runs it, with named portfolio managers, since the firm's ETF debut in January 2025.thornburg.com

Worth knowing

• AVIV Value tilts can lag the broad market for long stretches. This one holds the tilt through those stretches rather than trying to time it.
• Active, with no published index behind it. You are buying the Avantis process, not a rulebook you can audit line by line.
• Large caps only. The same approach for smaller overseas companies lives in a sibling fund, AVDV, which charges 0.36%.

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

Full AVIV profile⁠

Full TXUE profile⁠