Thornburg launches TAOZ and TFGZ ETF share classes, boosting $600M active ETF platform
Thornburg Investment Management has launched ETF share classes for its $57B American Opportunities Fund and Focus Growth Fund under Nasdaq tickers TAOZ and TFGZ. Since January 2025 these active ETFs grew to $600M AUM, making Thornburg the first firm to list such share classes on Nasdaq.
1. ETF Share Classes Launch
Thornburg Investment Management has introduced ETF share classes for its Thornburg American Opportunities Fund (TAOZ) and Thornburg Focus Growth Fund (TFGZ), providing a new trading format for these high-conviction strategies.
2. Platform Growth and AUM
Since debuting its first active ETFs in January 2025, Thornburg’s ETF platform has amassed over $600 million in assets, complementing the firm’s total $57 billion in assets under management as of March 31, 2026.
3. Regulatory Approval and Listing
Thornburg obtained SEC exemptive relief earlier this year to offer ETF share classes alongside mutual fund shares, enabling these ETFs to trade on Nasdaq at market-determined prices.
4. Investor Benefits
The newly launched ETF share classes offer investors potential tax efficiency and real-time trading liquidity while accessing Thornburg’s actively managed equity strategies grounded in fundamental research.