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TMH

GradeDNew York Stock Exchange Arca

Toyota Motor Corporation ADRhedged

Multi-Asset & Alternatives · ADR hedged · Inception 2025-03-13

$50.45+0.05 (+0.11%)

As of Sep 23, 2026, 11:47 AM EDT

History starts Mar 14, 2025.
Intraday session: up, 4 prints from 50.40 to 50.45. Range 50.40 to 50.45. Use the arrow keys to read each point.$50.40$50.42$50.4410 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$1M
1Y return
+5.9%
Yield · Last 12 months
13.60%
Volume · 30D
0M sh
NAV per share
$50.30
52W range
low $44.94high $65.81

The ETF.net TMH Grade

D

37/ 100

Rank 8 of 9 in Currency-Hedged Funds⁠

Confidence Medium

Six-pillar profile for TMH. Scores out of 100: Cost 55, Risk 35, Mission not scored, Tradability 7, Holdings 38, Durability 27. Strongest: Cost (55). Weakest: Tradability (7). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 37 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned37This cap took−0Published score37 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 55
    Category rank8/9 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 35
    Category rank7/9 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 7
    Category rank9/9 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 38
    Category rank8/8 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 27
    Category rank9/9 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on TMH

ETF.net Research

DToyota, 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 Sep 20, 2026, 10:31 PM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
TM98.8%

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 Corporation98.81%5,105$990K30
002—Cash (US$)1.19%0$12K10

Showing 1–2 of 2 holdings

TMH Performance

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

TMH$10,591
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. TMH $10,591. SPY $11,723. Use the arrow keys to read each point.$9,158$11,232$13,306Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−7.3%
1 month−3.6%
3 months+10.0%
1 year+5.9%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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−7.3%
2025+26.2%

History from Mar 14, 2025

TMH in the news

ETF.net Research hasn’t filed on TMH yet — coverage lands here as it’s written.

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 Sep 22, 2026.
13.60%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.
24.7%
Annualised · 17 months to Aug 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.
0.64
vs 3-month T-bills · 17 months to Aug 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.