Thornburg International Equity ETF
TXUE
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 2300 North Ridgetop Road Santa Fe NM United States of America 87506
- IPO Date
- Jan 21, 2025
- Website
- thornburg.com
- Similar Companies
- Business
- Thornburg International Equity ETF (TXUE) is an exchange-traded fund that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies, with a focus on developed and emerging markets outside North America. The fund employs a fundamental, bottom-up investment approach, selecting high-quality companies with sustainable competitive advantages, strong management teams, and attractive valuations; it typically holds 30-50 securities across sectors such as consumer discretionary, industrials, information technology, and financials, while maintaining diversification limits to mitigate risk. TXUE is actively managed and distributed by Thornburg Securities, Inc., with the fund's sponsor, Thornburg Investment Management, Inc., headquartered in Santa Fe, New Mexico, where the firm was founded in 1982. The ETF targets institutional and retail investors seeking international equity exposure with a quality-growth orientation, operating globally across Europe, Asia-Pacific, and emerging markets including Latin America and the Middle East. Key holdings may include leading firms like ASML Holding NV (semiconductors), Novo Nordisk A/S (healthcare), and Shopify Inc. (though primarily non-U.S. focused), emphasizing companies with robust balance sheets and earnings growth potential. Geographic allocation favors Europe (approximately 50-60%) and Asia ex-Japan (20-30%), with selective emerging market positions. In recent developments, Thornburg Investment Management launched the TXUE ETF in mid-2024 as part of its expansion into actively managed ETFs, complementing its existing lineup of mutual funds and other ETFs like the Thornburg Income Fund; this move aligns with a strategic shift toward lower-cost, tax-efficient vehicles amid growing ETF demand. The firm also enhanced its international equity capabilities through portfolio manager hires and quantitative risk tools in 2024-2025, while no major acquisitions or partnerships were announced in the past year. TXUE remains a standalone product under Thornburg's independent structure, with no parent company affiliations.