Key stats
About Thornburg International Equity ETF
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Inception date
Jan 21, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Thornburg Investment Management, Inc.
Distributor
ALPS Distributors, Inc.
ISIN
US88521L3069
TXUE opportunistically constructs a portfolio of 50-55 non-US large-cap issuers across sectors and developed markets. Investments consist of basic value stocks, consistent earners, and emerging franchises. The objective is to optimize risk-adjusted returns by identifying undervalued companies with strong fundamentals, including those mispriced due to unfavorable market perceptions or industry-specific challenges. Positions are based on bottom-up fundamental analysis of company-specific factors, complemented by macroeconomic insights on interest rates, inflation, and geopolitical trends. While predominantly focused on large-cap stocks, the fund may invest across all capitalizations. The fund may use derivatives, such as currency forwards, to hedge foreign currency exposure.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Producer Manufacturing
Electronic Technology
Health Technology
Utilities
Stocks96.64%
Finance16.11%
Producer Manufacturing11.77%
Electronic Technology11.24%
Health Technology10.62%
Utilities10.60%
Communications4.95%
Consumer Non-Durables4.38%
Energy Minerals4.20%
Transportation4.05%
Consumer Services3.85%
Process Industries3.74%
Technology Services2.47%
Consumer Durables2.35%
Industrial Services2.31%
Retail Trade1.85%
Distribution Services1.50%
Non-Energy Minerals0.54%
Bonds, Cash & Other3.36%
Mutual fund3.47%
Cash−0.12%
Stock breakdown by region
Europe71.24%
Asia23.47%
North America5.29%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TXUE invests in stocks. The fund's major sectors are Finance, with 16.13% stocks, and Producer Manufacturing, with 11.78% of the basket. The assets are mostly located in the Europe region.
TXUE top holdings are AstraZeneca PLC Sponsored ADR and Orange SA, occupying 4.25% and 3.83% of the portfolio correspondingly.
TXUE assets under management is 236.98 M USD. It's risen 9.29% over the last month.
TXUE fund flows account for 211.72 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, TXUE doesn't pay dividends to its holders.
TXUE shares are issued by Thornburg Investment Management, Inc. under the brand Thornburg. The ETF was launched on Jan 21, 2025, and its management style is Active.
TXUE expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
TXUE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TXUE invests in stocks.
TXUE trades at a premium (0.54%) meaning the ETF is trading at a higher price than the calculated NAV.