What this ETF is trying to do

The Thornburg Focus Growth Fund ETF Class (TFGZ) is an exchange-traded fund that focuses on growth. It spreads its investments across 42 different holdings. Based on its top holdings, the fund has significant exposure to large technology and data companies.

What the numbers show

As of October 5, 2026, the current price of one share is $37.00.

It is important to note that there is currently no data supplied for 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's portfolio can change over time. As of October 7, 2026, the top holdings include:

• Alphabet Inc Class A: 12.36%

• Microsoft Corp: 5.57%

• Credo Technology Group Holding Ltd: 4.50%

• Meta Platforms Inc Class A: 4.20%

• Lam Research Corp: 4.19%

• Broadcom Inc: 3.91%

• Micron Technology Inc: 3.90%

• SiTime Corp Ordinary Shares: 3.52%

• Marvell Technology Inc: 3.23%

• Mastercard Inc Class A: 3.19%

Income and distribution explanation

The distribution yield for this ETF is 0%. There have been no distributions detected, and the payout count for the last 12 months is zero. This means the fund does not currently pay out cash to investors.

For beginners, it is helpful to know that some investors look for "yield" (cash payments). However, a high yield alone can be misleading because it does not guarantee that the original investment value is staying the same. In this case, TFGZ does not provide a distribution yield.

NAV Erosion Explanation

"NAV erosion" happens when the net asset value of a fund declines over time. This is a concern for income investors who want their principal investment to remain stable.

For TFGZ, the severe erosion-risk flag is false. However, as mentioned before, a full erosion score is not available due to insufficient price history.

Pros

• Diversified Growth: The fund holds 42 different assets, including some of the largest tech companies in the world.

• No Severe Risk Flag: The fund does not currently have a severe erosion-risk flag.

Cons

• No Income: The fund does not provide cash distributions to investors.

• Limited Data: There are no supplied figures for recent price or total returns.

Beginner Takeaway

TFGZ is a growth-focused ETF that invests heavily in technology companies like Alphabet and Microsoft. It does not pay out cash distributions, and there is currently not enough historical data to determine its recent performance or erosion score.