Skip to content
etf.net

Launched · SEC filings

Toyota Motor Corporation ADRhedged

TMHNYSE ArcaC

$49.82+0.92 (+1.89%)

As of Oct 13, 2026, 3:57 PM

C40/ 100

Rank 2 of 9 in Currency-Hedged Funds

C40/100Rank 2 of 9inCurrency-Hedged Funds
Intraday session: up, 10 prints from 48.90 to 49.82. Range 49.73 to 49.96. Use the arrow keys to read each point.49.2049.4049.6050.0010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$1M
1Y total return
+8.2%
Yield · Last 12 months
14.02%
Holdings
2
Avg volume · 30D
0M sh
NAV per share
$48.97
52W range
low $44.94high $65.81
Launched
Filings
SEC EDGAR

The ETF.net TMH Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Currency-Hedged Funds⁠
Rank
2 of 9
Six-pillar profile for TMH. Scores out of 100: Cost 55, Risk 40, Mission not scored, Tradability 27, Holdings 39, Durability 25. Strongest: Cost (55). Weakest: Durability (25). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
42
This cap took
−2
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B55 out of 100
    Rank 2 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C40 out of 100
    Rank 6 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 8 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D39 out of 100
    Rank 6 of 8

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D25 out of 100
    Rank 8 of 9

Our read on TMH

ETF.net Research

CToyota, minus the yen. TMH holds the Toyota ADR and pairs it with a currency swap that resets daily, so the ride tracks the shares in Tokyo instead of the dollar-yen tape. One stock, one hedge, 0.19%.

Stated mandate

The ETF is designed to provide exposure to the local returns of an individual foreign corporation, less expenses, while mitigating the currency exposure embedded in its ADR through a currency contract.

Why people hold it

  1. 01Buy the plain ADR and you take the dollar-yen swing whether you want it or not. Here the hedge sits inside the fund: a swap whose notional resets daily against the holding's value in yen.sec.gov
  2. 02No FX forwards, no foreign brokerage account, no margin. It lists on Cboe and trades like any US share, with the hedging machinery handled by the manager.businesswire.comprecidian.com
  3. 030.19% a year, level with the median for currency-hedged funds and the same sticker its ADRhedged siblings HSBH, SHEH and GSKH carry.
  4. 04Launched in 2025 as Precidian's first Japan ADRhedged fund, built on a name the issuer describes as one of the most widely held ADRs in the US.businesswire.com

Worth knowing

  1. 01One company, not a basket. The fund is non-diversified and keeps at least 95% of assets in Toyota ADRs, so a single automaker's news sets the tone.sec.gov
  2. 02The hedge cuts both ways. A sliding yen stops biting, and a rising yen stops helping. You are choosing to own the business, not the currency.
  3. 03Assets and daily volume run small for the category, so spreads can be wider than on a mega-fund. Limit orders matter more here.

TMH Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
2
Top-10 weight
100%
Largest holding
TM96.7%

Geography

  • Japan100.00%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TMToyota Motor Corporation96.69%5,105$946K30
002—Cash (US$)3.31%0$32K10

Showing 1–2 of 2 holdings

TMH Performance

Launched Mar 13, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
TMH$10,818
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. TMH $10,818. SPY $12,044. Use the arrow keys to read each point.$9,415$11,720$14,025Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TMH. Periods over one year show the average yearly return.
PeriodTMH
Year to date−10.0%
1 month−3.6%
3 months+2.8%
1 year+8.2%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TMH
YearReturn barTMH
2026 YTD−10.0%
2025+26.2%

History from Mar 14, 2025

TMH in the news

Filtered to TMH · ADR hedged

TMH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
14.02%Last 12 months
Payout per share
$6.85Last 12 months
Last payment
$2.38 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2025–2026

One bar per payment. 5 payments from 2025 to 2026 YTD. Jun 17, 2025 $1.35; Sep 16, 2025 $1.15; Dec 16, 2025 $3.80; Mar 16, 2026 $0.68; Jun 16, 2026 $2.38. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jun 16, 2026Jun 23, 2026$2.38
Mar 16, 2026Mar 23, 2026$0.68
Dec 16, 2025Dec 24, 2025$3.80
Sep 16, 2025Sep 23, 2025$1.15
Jun 17, 2025Jun 24, 2025$1.35

TMH Risk

How much the fund’s monthly returns vary, scaled to a year.
25.2%
Annualised · 18 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.37
vs 3-month T-bills · 18 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−27.5%
18 months · trough Jun 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−0.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TMH Cost

Expense ratio0.19%
  • The middle half of Currency-Hedged Funds funds
  • Median 0.19%

1 of the 9 Currency-Hedged Funds funds charge less.

TMH costs $19.00 a year on $10,000. The median Currency-Hedged Funds fund costs $19.00.

Other funds in Currency-Hedged Funds

See others