TXUE Fees and Costs — Thornburg International Equity ETF
Data updated: 2026-07-24
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $23K in broker commissions, 0.0164% of average net assets, and portfolio turnover was 12%.
TXUE Fees and Expenses
Annual operating expenses and sales charges of TXUE. Prospectus, as of December 29, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TXUE Costs Over Time
On $10,000 invested in TXUE, assuming 5% a year before costs, total costs come to $420 over 5 years, cutting the return by 0.70% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $230 | $420 |
| Value after costs | $10,430 | $11,346 | $12,343 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
TXUE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0164%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $251.3M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
TXUE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $16K | 72.24% |
| SG Americas Securities, LLC | $2K | 10.58% |
| Barclays Capital Inc. | $1K | 6.02% |
| Virtu Americas LLC | $1K | 5.51% |
| Mischler Financial Group, Inc. | $559 | 2.45% |
| Sanford C. Bernstein & Co., LLC | $277 | 1.21% |
| Goldman Sachs & Co. LLC | $277 | 1.21% |
| Berenberg Capital Markets LLC | $175 | 0.77% |
| J.P. Morgan Securities LLC | $1 | 0.00% |
TXUE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $127.0M | 50.56% |
| BofA Securities, Inc. | $53.9M | 21.46% |
| J.P. Morgan Securities LLC | $51.0M | 20.30% |
| Jane Street Capital, LLC | $17.0M | 6.77% |
| Goldman Sachs & Co. LLC | $2.3M | 0.91% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.