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TXUG

Thornburg International Growth ETF

Fund Assets
$5.18 M
As of 20 Feb 2025
NAV
$25.71
As of 21 Feb 2025
Change
$-0.18
As of 21 Feb 2025
YTD NAV Performance
2.84%
As of 21 Feb 2025
Asset Category:
International Equity
Fund Benchmark:
MSCI EAFE Growth Index

Portfolio Managers

Portfolio Manager and Managing Director
Portfolio Manager and Managing Director
Overview

Overview

Why Invest in This ETF?

  • Long-Term Growth Potential — The team employs a rigorous, bottom-up fundamental research process focused on uncovering promising growth companies with sustainable competitive advantages trading at a discount to their long-term value.
  • Non-U.S. Growth Opportunities — Focused exposure of high-quality international companies in developed markets outside the U.S., targeting those with durable growth potential and sustainable competitive advantages.
  • Distinct Return Profile — With a time-tested three-basket portfolio construction process, the ETF seeks to provide diversification across the growth spectrum, to reduce volatility and deliver investors superior risk-adjusted performance over time.

Investment Objective

The Thornburg International Growth ETF (the “ETF”) seeks long-term capital growth. The ETF’s investment objective may be changed without shareholder approval.

Investment Approach

The ETF offers exposure to high-quality, international securities in developed markets that signal durable growth and sustainability. By focusing on fundamentals and maintaining a disciplined, active approach, the ETF aims to deliver long-term capital appreciation while managing risk through diversification and rigorous stock selection. With a focus on growth factors, this ETF provides a compelling option for international equity exposure without the volatility of emerging markets.

Fund Facts

Fund Facts

(As of 20 Feb 2025)
Net Fund Assets
$5.18 M
Exchange
NASDAQ
Benchmark
MSCI EAFE Growth Index
Morningstar Category
Inception Date
23 Jan 2025
CUSIP
88521L405
Distribution Frequency
Annual
Total Expense Ratio (%)
0.70%
Pricing & Trading

Pricing & Trading

(As of 20 Feb 2025)
NAV
$25.89
Market Price / Closing Price
$25.90
Premium / Discount (%)
0.06%
30-Day Median Bid-Ask Spread (%)
0.43%
30-Day Average Volume
6,803
Shares Outstanding
200,000
Premium / Discount History

Premium / Discount History

(As of Current Quarter)
Days at Premium
15
Days at Discount
4
Days at NAV
2
Characteristics

Characteristics

Portfolio

(As of 31 Dec 2024)
Portfolio
Benchmark
Number of Holdings
Portfolio Turnover
Weighted Average Market Cap
Median Market Cap
Price to Earnings - Forward 1YR
Price to Earnings - Trailing 12 Months
Portfolio
Benchmark
Price to Cash Flow
Price to Book Value
Return on Assets - 5 YR
Return on Equity - 5 YR
Historical 3YR Sales Growth
Active Share
Portfolio

Portfolio

Top Holdings

(As of 21 Feb 2025)
Name
Ticker/Symbol
Market Value
Weight %
Novo Nordisk A/S
NOVOB
$320,306.60
6.19%
Hemnet Group AB
HEM
$239,913.22
4.63%
MercadoLibre, Inc.
MELI
$236,372.64
4.57%
Taiwan Semiconductor Manufacturing Co. Ltd.
2330
$197,609.17
3.82%
AstraZeneca plc
AZN
$195,242.56
3.77%
Ferrari N.V.
RACE
$191,572.55
3.70%
SAP SE
SAP
$187,120.57
3.61%
ASML Holding N.V.
ASML
$184,902.02
3.57%
Schibsted ASA
SCHA
$184,066.68
3.56%
Sea Ltd.
SE
$179,054.84
3.46%
Portfolio Managers

Portfolio Managers

Sean Koung Sun, CFA

Sean Koung Sun, CFA

Portfolio Manager and Managing Director
Sean Sun is portfolio manager for Thornburg Investment Management. He joined the firm in 2012 as an equity research analyst and was promoted to associate portfolio manager in 2015 and portfolio manager in 2017. Sean holds an MBA with concentrations in finance and entrepreneurship from the University of Chicago Booth School of Business and a BA in economics from the…
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Nicholas Anderson, CFA

Nicholas Anderson, CFA

Portfolio Manager and Managing Director
Nicholas Anderson is a portfolio manager for Thornburg Investment Management. He joined the firm in 2016 as an equity research analyst, was promoted to senior equity research analyst in 2020, an associate portfolio manager in early 2021, and portfolio manager in late 2021. Nick holds an MBA with honors from the University of Chicago Booth School of Business and a…
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Portfolio managers are supported by the entire Thornburg investment team.

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