Key stats
About Thornburg International Equity ETF
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Inception date
Jan 22, 2025
Structure
Open-Ended Fund
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.
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
Electronic Technology
Producer Manufacturing
Stocks97.36%
Finance15.86%
Electronic Technology12.03%
Producer Manufacturing10.49%
Health Technology9.04%
Utilities8.98%
Consumer Non-Durables6.93%
Communications5.07%
Technology Services4.99%
Process Industries4.13%
Energy Minerals4.09%
Transportation3.66%
Consumer Services2.83%
Consumer Durables2.83%
Industrial Services2.13%
Non-Energy Minerals1.79%
Retail Trade1.42%
Distribution Services1.07%
Bonds, Cash & Other2.64%
Mutual fund2.63%
Cash0.01%
Stock breakdown by region
Europe71.97%
Asia20.55%
North America7.48%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history