Thornburg International Growth ETF (TXUG)

Overview

TXUG is an actively managed investment fund with the primary objective of achieving long-term capital growth. The fund employs a strategic approach, focusing on selecting companies across various sizes that demonstrate strong growth characteristics. These characteristics often include increasing revenues, earnings potential, and overall growth trajectories. Typically, the portfolio comprises between 35 to 50 issuers, emphasizing developed markets outside the United States. The selection process for the portfolio is comprehensive and takes into account a myriad of factors, encompassing both domestic and international economic trends, market outlooks for securities, interest rates, and inflationary pressures. Additionally, the dynamics of supply and demand for securities, alongside in-depth analyses of individual issuers, play a crucial role in determining portfolio composition. To manage and hedge exposure to fluctuations in US dollars or other currencies, the fund may also employ derivative instruments, such as currency forwards.

Products and Services

• Equity Investments

  The primary product offered by TXUG is an equity investment portfolio that targets a diverse array of companies exhibiting growth potential. By investing in equities, the fund seeks to leverage the long-term appreciation of its holdings, resulting in capital growth for investors.

• Active Management

  TXUG adopts an active management approach, allowing the investment advisers to adjust portfolio allocations based on real-time economic data and market movements. This flexibility aims to maximize growth opportunities and minimize risks associated with various market conditions.

• Dedicated Research and Analysis

  The fund dedicates substantial resources to thorough research and analysis of both macroeconomic factors and specific issuers. This in-depth scrutiny supports informed investment decisions, focusing on companies that are positioned well for future growth.

• Derivative Instruments for Hedging

  To mitigate risks tied to currency fluctuations, TXUG may utilize derivative instruments. Currency forwards are one example of these derivatives, enabling the fund to hedge against adverse exchange rate movements and protect its investments' value.

• Global Market Focus

  TXUG primarily concentrates on developed markets outside the US, allowing diversification that may lead to better investment opportunities. This global market perspective is integral to the fund's strategy to capitalize on growth trends in various economic environments.