The Thornburg International Growth Fund ETF is an actively managed ETF that invests in developed-market companies outside the US that have growth potential and sustainable competitive strengths. It targets long-term capital appreciation and selects holdings by reviewing the fundamentals of individual companies.

It suits investors who want diversified exposure to non-US developed-market growth stocks and who prefer to evaluate the manager's stock selection and long-term growth thesis rather than simply track an index.

The ETF is run with an active management approach by Thornburg Investment Management.

The strategy picks holdings through bottom-up analysis that looks at a company's growth prospects, competitiveness, and the gap between its price and long-term value. Rather than relying on simple country and sector weights, it focuses on the fundamentals of individual companies, so the traits of growth stocks and the manager's judgment can influence performance.

• An active approach focused on growth companies in developed markets outside the US
• Stock selection that reflects company fundamentals and sustainable competitive strengths
• A growth-oriented portfolio aimed at long-term capital appreciation

Assets under management (AUM) stand at $4.2M, and the expense ratio is 0.70% per year.

Unlike index-tracking products, an active ETF can show performance gaps versus its benchmark depending on how its stock picks turn out. Before trading, it is a good idea to check the bid-ask spread, trading volume, and any changes in net assets.

Returns can be highly sensitive to developed-market growth stock prices, the interest rate environment, earnings expectations, and currency changes. Because the fund applies active selection, its performance can differ from the benchmark, and it is worth checking whether the long-term growth thesis holds rather than focusing on short-term moves.

Fund flows into overseas growth stocks can be affected by major-economy interest rates, earnings expectations, exchange rates, geopolitical variables, and investor sentiment. When market participation is shifting, it is also advisable to check trading conditions and the gap between bid and ask prices.

Its strengths are its selection of non-US growth stocks and its long-term growth orientation, but investors must accept performance gaps driven by management decisions and the growth stock environment.

The EFG ETF listed in the table is an overseas growth stock comparison with a relatively low expense level and large assets under management. The JIG ETF and MTRA ETF can serve as references when looking at differences in fees and fund size among actively managed international growth products. The DARP ETF carries a higher cost burden, while the VDG ETF can be compared as a lower-cost option for non-US developed-market growth stock exposure. It is best to review these products after checking differences in strategy, distributions, and liquidity.

Before investing, you should check that active management can deliver results different from the index, the influence of non-US developed markets and exchange rates, and the business and market volatility factors tied to the top holdings listed, ASML, TSM, and HOMZ.

Shifts in preference for growth stocks, along with adjustments to interest rates and earnings expectations, can affect investment performance. Because the fund invests in non-US markets, local share prices, currency moves, and changes in trading conditions can all influence returns in won terms and the trading experience.

The TXUG ETF is a product for investors who want to take an active approach to non-US developed-market growth stocks. Compared with index-tracking products, it is wise to look more closely at the effects of costs, trading conditions, and management judgment, and to review the distribution structure and currency exposure against your own goals.