Thornburg International Equity ETF (TXUE US)
TXUE US$34.71
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 34.71
- Change
- ▼ -0.04 (-0.13)
- Bid / Ask
- 34.68 - 34.74
- Volume
- 10,444
- Turnover
- 318,807
- Open
- 34.68
- Day Range
- 34.54 - 34.74
- VWAP
- 34.68
- Prev Close
- 34.75
- Last Trade
- 28/10 3:59pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$576.6M
OCT 2026
Distributions
Monthly
Since inception
1.8 yrs
JAN 2025
- Legal name
- Thornburg International Equity ETF
- Issuer
- Thornburg
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Foreign Large Blend
- Category index
- MSCI ACWI Ex USA NR USD
- Benchmark
- N/A
- ETF net assets
- $576.6M
- Units on issue
- 16.6M
- Management fee
- 0.65% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 21 JAN 2025
- Listed
- 22 JAN 2025
Objective and strategy
The investment seeks long-term capital appreciation. The fund invests primarily in common stocks of non-U.S. developed market companies and in depositary receipts associated with such stocks. Under normal conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in common stocks, depositary receipts, or investments that provide exposure to such non-U.S. investments. The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 5.99%Non-US equity 85.67%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 91.66 | 91.66 | — |
| Bond | 2.82 | 2.82 | — |
| Cash | 5.52 | 5.52 | — |
| Other | 0.00 | 0.00 | — |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 30.98%Sensitive 47.59%Defensive 21.43%
- Basic Materials
- 7.20%
- Consumer Cyclical
- 5.50%
- Financial Services
- 18.29%
- Real Estate
- 0.00%
- Communication Services
- 5.32%
- Energy
- 4.96%
- Industrials
- 26.15%
- Technology
- 11.16%
- Consumer Defensive
- 4.56%
- Healthcare
- 5.16%
- Utilities
- 11.71%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 100.00%Emerging markets 0.00%
- North America
- 10.91%
- Latin America
- 0.00%
- United Kingdom
- 9.19%
- Europe Developed
- 54.99%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.00%
- Japan
- 16.01%
- Australasia
- 0.00%
- Asia Developed
- 8.91%
- Asia Emerging
- 0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- France
- 16.56%
- Japan
- 16.01%
- Germany
- 13.80%
- United Kingdom
- 9.19%
- Switzerland
- 8.19%
- United States
- 6.53%
- Italy
- 5.21%
- Spain
- 5.13%
- Hong Kong
- 4.75%
- Netherlands
- 4.65%
- Canada
- 4.38%
- Taiwan
- 3.29%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Large Blend
- Average moat
- Narrow
Size score
310
Small
Mid
Large
Value-growth score
129
Value
Blend
Growth
Economic moat
Wide 45%Narrow 16%None 38%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 57.34%
- Large
- 39.89%
- Mid
- 2.77%
- Small
- 0.00%
- Micro
- 0.00%
Giant 57%Large 40%Mid 3%
- Average market cap
- $97.66B
- Number of holdings
- 53
- Shares held
- 49
Portfolio statistics · 23 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 18.20
- Price / book
- 2.38
- Price / sales
- 1.66
- Price / cash flow
- 10.11
- Dividend yield
- 2.63%
- Assets in top 10
- 31.68%
- Return on equity
- 16.34%
- Net margin
- 15.27%
- Earnings growth (3 yr)
- 13.25%
Top holdings · top 10 = 32.02% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd 2330 | 3.97 | JAN 2025 | 21.5M | TWD | 276,928 | Technology | Taiwan | |
| Thornburg Capital Management | 3.92 | — | 21.2M | USD | 2.1M | — | United States | |
| Mitsubishi UFJ Financial Group Inc 8306 | 3.23 | JAN 2025 | 17.5M | JPY | 767,082 | Financial Services | Japan | |
| BNP Paribas Act. Cat.A BNP | 3.23 | JAN 2025 | 17.5M | EUR | 158,175 | Financial Services | France | |
| ING GROEP NV COMMON STOCK EUR.01 | 3.16 | — | 17.1M | — | 475,245 | — | — | |
| NN Group NV NN | 2.97 | JAN 2025 | 16.1M | EUR | 178,858 | Financial Services | Netherlands | |
| Orange SA ORA | 2.92 | JAN 2025 | 15.8M | EUR | 1.0M | Communication Services | France | |
| TotalEnergies SE TTE | 2.91 | JAN 2025 | 15.8M | EUR | 178,062 | Energy | France | |
| Siemens AG SIE | 2.88 | JAN 2025 | 15.6M | EUR | 48,733 | Industrials | Germany | |
| AstraZeneca PLC AZN | 2.82 | JAN 2025 | 15.3M | GBP | 93,077 | Healthcare | United Kingdom |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-4.2
3M
1.1
6M
10.0
YTD
11.0
1Y
15.9
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -4.21 | -4.51 | -4.16 | 93 / 698 |
| 3 months | 1.13 | 0.58 | 1.30 | 24 / 695 |
| 6 months | 10.00 | 7.86 | 10.36 | 53 / 689 |
| Year to date | 11.04 | 10.75 | 11.58 | 45 / 682 |
| 1 year | 15.93 | 15.51 | 16.68 | 44 / 672 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -1.19 | — | — | — |
| Beta | 0.84 | — | — | — |
| R-squared | 82.16 | — | — | — |
| Standard deviation | 16.52 | — | — | — |
| Sharpe ratio | 0.75 | — | — | — |
| Sortino ratio | 1.11 | — | — | — |
| Tracking error | 7.52 | — | — | — |
| Information ratio | -0.54 | — | — | — |
| Upside capture % | 86.05 | — | — | — |
| Downside capture % | 92.96 | — | — | — |
| Maximum drawdown % | -9.72 | — | — | — |
Measured against MSCI ACWI Ex USA NR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
69.3
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Best quarter
- 14.71% · FEB 2026
- Worst quarter
- 1.11% · MAR 2026
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.65% p.a.
- PDS dated
- 30 DEC 2025
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.3385
- Ex Date
- 18 DEC 2025
- Record Date
- 18 DEC 2025
- Pay Date
- 19 DEC 2025
- NAV at ex date
- 31.35
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.3
| Year | Per unit ($) |
|---|---|
| 2024 | 0.3385 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 18 DEC 2025 | 0.3385 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Average
ESG risk score
18.70
Negligible
Low
Medium
High
Severe
Category average 18.57
- Rank in category
- 59th percentile of 8,750 funds
- Environmental risk
- 6.36
- Social risk
- 7.70
- Governance risk
- 4.15
- Portfolio covered
- 95.4%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 2.16%
- Low
- 66.61%
- Medium
- 29.42%
- High
- 1.81%
- Severe
- 0.00%
5.80% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
9.52
Low
Medium
High
Severe
Category average 8.26
- Carbon risk
- Low Risk
- Rank in category
- 96th percentile of 1,151 funds
- Fossil fuel involvement
- 19.71%
- Category average
- 9.76%
- Low Carbon Designation
- No
- Portfolio covered
- 94.4%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Lei Wang
- Matt Burdett
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 1.8 years
- Longest tenure
- 1.8 years
- Longest serving
- Lei Wang, Matt Burdett · since 21 JAN 2025
- Most recent appointment
- Lei Wang, Matt Burdett · since 21 JAN 2025
- Managed since
- 21 JAN 2025
- Other funds managed
- 16
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
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