TXUG Fees and Costs — Thornburg International Growth ETF
Data updated: 2026-07-24
The net expense ratio is 0.70%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $888 in broker commissions, 0.0184% of average net assets, and portfolio turnover was 25%.
TXUG Fees and Expenses
Annual operating expenses and sales charges of TXUG. Prospectus, as of December 29, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| 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 |
TXUG Costs Over Time
On $10,000 invested in TXUG, assuming 5% a year before costs, total costs come to $452 over 5 years, cutting the return by 0.75% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $248 | $452 |
| Value after costs | $10,425 | $11,329 | $12,311 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
TXUG 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): 0.0184%
- Total broker commissions: $888
- Bought from dealers (principal trades, not a cost): $6.8M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
TXUG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $602 | 67.77% |
| Goldman Sachs & Co. LLC | $127 | 14.30% |
| SG Americas Securities, LLC | $48 | 5.39% |
| Barclays Capital Inc. | $35 | 3.95% |
| Virtu Americas LLC | $32 | 3.55% |
| Sanford C. Bernstein & Co., LLC | $13 | 1.47% |
| HSBC Securities (USA) Inc. | $12 | 1.34% |
| Mischler Financial Group, Inc. | $10 | 1.08% |
| RBC Capital Markets, LLC | $8 | 0.89% |
| J.P. Morgan Securities LLC | $2 | 0.26% |
TXUG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $4.4M | 64.35% |
| J.P. Morgan Securities LLC | $1.2M | 18.16% |
| Goldman Sachs & Co. LLC | $1.2M | 17.49% |
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.