TAOZ – Thornburg American Opportunities ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation by investing in equity and debt securities of all types. Under normal conditions, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity investments that are tied economically to the United States.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TAOZ	Thornburg American Opportunities Fund ETF Class	ETF	Open	—		Mar 31, 2026	$6.60M	0.790%	—	—	—
TVIFX	Thornburg American Opportunities Fund Class I	Institutional	Open	—		Nov 2, 1998	$201.11M	0.870%	High	$3M	−$16.55M
TVAFX	Thornburg American Opportunities Fund Class A	Front Load	Open	—		Oct 2, 1995	$268.59M	1.290%	High	$1,000	−$32.82M
TVCFX	Thornburg American Opportunities Fund Class C	Level Load	Open	—		Oct 2, 1995	$2.38M	1.870%	Above Average	$1,000	−$607,915.38
TVRRX	Thornburg American Opportunities Fund Class R5	Retirement, Large	Open	—		Feb 1, 2005	$1.67M	0.870%	High	$0	−$947,860.87
TVRFX	Thornburg American Opportunities Fund Class R3	Retirement, Medium	Open	—		Jul 1, 2003	$9.50M	1.370%	High	$0	−$1.77M
TVIRX	Thornburg American Opportunities Fund Class R4	Retirement, Medium	Open	—		Feb 1, 2007	$2.47M	1.120%	Average	$0	−$524,720.00

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