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Thornburg Focus Growth ETF ties stock selection to Santa Fe roots
The Thornburg Focus Growth ETF (TFGZ) held $226.9 million in assets as of July 31, with a 0.79% net expense ratio.
Thornburg Investment Management says its high-conviction stock selection process is shaped by its Santa Fe, New Mexico, roots, where founder Garrett Thornburg launched the firm in 1982, according to ETF Trends. The firm argues that staying away from Wall Street helps keep research centered on fundamentals rather than short-term price swings.
That strategy is reflected in the Thornburg Focus Growth ETF (TFGZ), which holds 43 stocks and shows a 74.1% active share versus the Russell 1000 Growth Index, based on Thornburg data. Thornburg says the active versus passive gap reflects how much the ETF’s holdings diverge from its benchmark.
Thornburg reports that TFGZ used a three-basket construction run by portfolio managers Nicholas Anderson and Julian Serafini, aiming to balance growth exposure while managing volatility. The ETF held $226.9 million in assets as of July 31 and carried a 0.79% net expense ratio.
As of August 25, Thornburg listed Alphabet as the largest position at 11.3% of assets, followed by Microsoft at 7.8% and Broadcom at 5.7%. Information technology made up 36.7% of the portfolio as of July 31, below the Russell 1000 Growth Index’s 53.5%, while financials and industrials were allocated more heavily than the benchmark.