JIVE vs TXUE

JIVEAJPMorgan International Value ETF

TXUECThornburg International Equity ETF

In short

JIVE JPMorgan's take on international value: an active, style-pure cheapness screen run across roughly 400 names in both non-US developed and emerging markets. Index-like breadth, human hands on the wheel.

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

JIVE The fund seeks long-term capital appreciation through investments in foreign equity securities.

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

• JIVE Style-pure value screen, not a blend compromise. Holdings are chosen for cheapness, and the book spreads across about 400 names instead of a concentrated handful.jpmorgan.com
• One passport, both worlds: the mandate covers non-US developed and emerging markets, measured against the MSCI ACWI ex USA Value index.jpmorgan.com
• A 0.55% fee puts it on the cheaper side of the actively managed international value shelf, where paying up for stock picking is the norm.
• Portfolio matches the label. Exposure lines up with the stated value mandate, and it stands among the stronger implementations in its active international value group.

• 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

• JIVE Systematic rivals like AVIV and AVDV charge less for international value. The extra cost here buys JPMorgan's active selection.
• Emerging market holdings add currency swings and political risk that a developed-markets-only fund sidesteps.
• Launched in 2023, so the live record is short. Distributions arrive annually or semiannually, not monthly.

• 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 JIVE profile⁠

Full TXUE profile⁠