TXUE
Thornburg International Equity ETF
Fund Assets
$182.76 M
As of 3 Jul 2025
NAV
$29.48
As of 3 Jul 2025
Change
$-0.07
As of 3 Jul 2025
YTD NAV Performance
17.92%
As of 3 Jul 2025
Asset Category:
International Equity
Fund Benchmark:
MSCI EAFE Index
Portfolio Managers
Portfolio Manager and Managing Director
Head of Equities and Managing Director
Overview
Fund Facts
Fund Facts
(As of 3 Jul 2025)Net Fund Assets
$182.76 M
Exchange
NASDAQ
Benchmark
MSCI EAFE Index
Morningstar Category
—
Inception Date
21 Jan 2025
CUSIP
88521L306
Distribution Frequency
Annual
Total Expense Ratio (%)
0.65%
Pricing & Trading
Pricing & Trading
(As of 3 Jul 2025)NAV
$29.48
Market Price / Closing Price
$29.65
Premium / Discount (%)
0.59%
30-Day Median Bid-Ask Spread (%)
0.34%
30-Day Average Volume
57,269
Shares Outstanding
6,200,000
Performance
Performance
(As of 30 Jun 2025)Inception
Net Asset Value (%)
17.36
Market Price (%)
18.20
MSCI EAFE Index (%)
16.25
Inception
Net Asset Value (%)
17.36
Market Price (%)
18.20
MSCI EAFE Index (%)
16.25
Characteristics
Characteristics
Portfolio
(As of 31 May 2025)Portfolio
Benchmark
Number of Holdings
51
—
Weighted Average Market Cap
$113.2 B
$94.0 B
Median Market Cap
$76.3 B
$17.9 B
Price to Earnings - Forward 1YR
16.8x
15.2x
Price to Earnings - Trailing 12 Months
17.3x
17.0x
Price to Cash Flow
9.1x
9.0x
Portfolio
Benchmark
Price to Book Value
2.1x
1.9x
Return on Assets - 5 YR
5.8%
6.0%
Return on Equity - 5 YR
14.0%
14.8%
Historical 3YR Sales Growth
10.5%
13.2%
Active Share
79.2%
—
Portfolio
Portfolio
Top Holdings
(As of 3 Jul 2025)Name
Ticker/Symbol
Market Value
Weight %
THORNBURG CAPITAL MANAGEMENT FUND
LIQUID
$7,628,042.44
4.16%
Orange S.A.
ORA
$6,953,886.17
3.80%
AstraZeneca plc
AZN
$6,719,508.84
3.67%
E.ON SE
EOAN
$6,198,655.82
3.38%
BNP Paribas S.A.
BNP
$5,918,504.66
3.23%
NN Group N.V.
NN
$5,807,316.80
3.17%
TotalEnergies SE
TTE
$5,500,263.52
3.00%
Hitachi Ltd.
6501
$5,039,809.20
2.75%
Iberdrola S.A.
IBE
$4,827,356.76
2.64%
Mitsubishi UFJ Financial Group, Inc.
8306
$4,570,092.97
2.50%
Exposure Breakdown
Exposure Breakdown
(As of 31 May 2025)Sector Allocation
Fund (%)
Industrials
24.6
Financials
15.0
Health Care
10.0
Consumer Discretionary
9.2
Utilities
8.2
Materials
7.0
Information Technology
6.7
Consumer Staples
6.1
Communication Services
4.9
Cash & Cash Equivalents
4.6
Energy
3.8
Top 10 Industries
Fund (%)
Capital Goods
19.5
Utilities
8.2
Pharmaceuticals, Biotechnology & Life Sciences
8.0
Banks
7.8
Materials
7.0
Consumer Durables & Apparel
6.2
Insurance
5.0
Telecommunication Services
4.9
Energy
3.8
Transportation
3.7
Top 10 Countries
Fund (%)
France
20.7
Japan
15.8
Germany
12.2
United Kingdom
8.9
Switzerland
5.8
Netherlands
5.5
Canada
5.4
Italy
5.4
United States
5.3
Spain
4.7
Capitalization
Fund (%)
Large Cap (> $12 B)
94.5
Mid Cap ($2.5 to $12 B)
5.5
Portfolio Managers
Portfolio Managers

Lei Wang, CFA
Portfolio Manager and Managing Director
Lei Wang is a portfolio manager for Thornburg Investment Management. He joined Thornburg Investment Management in 2004 as associate portfolio manager and was promoted to portfolio manager in 2006. Lei holds a BA and an MA from East China Normal University and an MBA from New York University. He is a CFA charterholder. Prior to joining Thornburg, he served as…
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Matt Burdett
Head of Equities and Managing Director
Matt Burdett is head of equities and a portfolio manager for Thornburg Investment Management. He rejoined the firm in 2015 as an associate portfolio manager. Matt was named a managing director and was promoted to portfolio manager in 2018 and to head of equities in 2024. Matt spent several years as a senior vice president and portfolio manager at PIMCO,…
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Portfolio managers are supported by the entire Thornburg investment team.
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