Thornburg International Growth Fund ETF
TXUG
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends 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 23, 2025
- Website
- thornburg.com
- Similar Companies
- Business
- Thornburg International Growth ETF (TXUG) is an actively managed exchange-traded fund that seeks long-term capital growth by investing primarily in equity securities and depositary receipts of non-U.S. developed market issuers selected for their growth potential, such as companies exhibiting growing revenues and earnings or prospects thereof; the fund targets high-quality international equities in developed markets with sustainable competitive advantages, constructing a focused portfolio typically comprising 35 to 50 holdings diversified across countries and sectors, including large-cap, mid-cap, and emerging growth companies listed on foreign exchanges or components of indices like the MSCI EAFE Index; it may emphasize sectors poised for growth such as technology, financial services, healthcare, or biotechnology, and employs derivatives like currency forwards for hedging foreign currency exposure. The ETF, classified in the Foreign Large Growth category with a net expense ratio of 0.70%, trades on the Nasdaq Stock Market under the ticker TXUG, with portfolio management led by Sean Sun, CFA, and Nicholas Anderson, CFA, since inception. Launched on January 22, 2025, as part of Thornburg Investment Management, Inc.'s entry into the ETF market—its first such offerings alongside the Thornburg International Equity ETF (TXUE)—TXUG represents a strategic expansion for the Santa Fe, New Mexico-based firm, which manages over $45 billion in assets and previously focused on mutual funds like the Thornburg International Growth Fund (TINGX) from 2007; this move responds to rising demand from financial advisors and institutions for actively managed ETFs distinct from emerging markets exposure. The fund commenced trading with an initial asset base contributing to current net assets of approximately $5.12 million as of recent data, reflecting early operational growth amid a benchmarked performance against the MSCI EAFE Growth Index. No major acquisitions, partnerships, or reorganizations have been reported since launch, though Thornburg has signaled plans for additional ETFs including core bond and multi-sector bond products. Thornburg International Growth ETF operates within the global asset management industry, targeting institutions, financial advisors, and individual investors seeking diversified exposure to developed international equity markets outside the U.S., with approximately 81.52% in non-U.S. stocks, 13.98% in U.S. stocks, and minor cash holdings; geographic focus spans developed markets worldwide, excluding emerging economies, with no fixed limits on country or sector allocations. Headquartered through its adviser Thornburg Investment Management in Santa Fe, New Mexico, the ETF is issued by Thornburg ETF Trust and domiciled in the United States, available for sale primarily to U.S. investors.