What this ETF is trying to do

The Thornburg American Opportunities Fund ETF Class (TAOZ) is an exchange-traded fund that invests in a variety of companies. Based on its top holdings, it focuses on large, well-known companies across different industries, including technology, healthcare, and finance.

What the numbers show

As of October 5, 2026, the current price of one share is $88.84.

It is important to note that there is currently no data supplied for the year-to-date, one-year, or three-year price and total returns. Because there is not enough verified price history, an erosion score has not been provided.

Top Holdings

The fund holds a total of 44 holdings. Because the list is partial, we only see the largest ones. As of October 7, 2026, the top holdings include:

• Alphabet Inc Class A: 5.02%

• Apple Inc: 4.68%

• Round One Corp: 4.15%

• Samsung Electronics Co Ltd: 4.02%

• Eli Lilly and Co: 3.97%

• Charles Schwab Corp: 3.75%

• IQVIA Holdings Inc: 3.51%

• Meta Platforms Inc Class A: 3.48%

• Colliers International Group Inc: 3.32%

• Coherent Corp: 3.16%

These holdings can change over time.

Income and distribution explanation

This ETF does not currently have a detected distribution frequency. The distribution yield is 0%, and there were no payouts in the last 12 months. This means the fund does not currently provide cash income to investors through distributions.

NAV erosion explanation

NAV erosion happens when the underlying value of a fund's assets drops over time, which can lead to a falling share price. Investors who want steady income usually care about principal stability so their original investment doesn't shrink.

For this ETF, the severe erosion-risk flag is false. However, as mentioned before, a specific erosion score is unavailable due to insufficient price history.

Pros

• The fund holds shares in several globally recognized companies like Apple and Alphabet.

• It is not a leveraged or inverse fund, meaning it does not use complex strategies to multiply daily gains or losses.

Cons

• There is no current income or distribution yield for investors seeking cash flow.

• There is a lack of available historical return data to judge past performance.

• It has an income rating grade of "D."

Beginner takeaway

TAOZ is a fund that holds a mix of large companies. It does not pay out cash distributions, so it is not designed for investors looking for regular income. Because there is very little historical return data available, it is difficult to see how the price has moved over the last few years.