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Launched · SEC filings

Toyota Motor Corporation ADRhedged

TMHNYSE ArcaADRhedgedC

$52.30+1.14 (+2.24%)

As of Nov 4, 2026, 11:36 AM ET

C40/ 100

Rank 4 of 9 in Currency-Hedged Funds

C40/100Rank 4 of 9inCurrency-Hedged Funds
Intraday session: up, 23 prints from 51.16 to 52.30. Range 51.16 to 52.30. Use the arrow keys to read each point.51.5051.7552.0010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$1M
1Y total return
+1.5%
Yield · Last 12 months
13.28%
Holdings
2
Avg volume · 30D
395 sh
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
4 of 9
Six-pillar profile for TMH. Scores out of 100: Cost 59, Risk 35, Mission not scored, Tradability 35, Holdings 54, Durability 25. Strongest: Cost (59). 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
47
This cap took
−7
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B59 out of 100
    Rank 1 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.
    D35 out of 100
    Rank 7 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D35 out of 100
    Rank 7 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 2 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 9 of 9

Our read on TMH

ETF.net Research

In short

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

  • Buy 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
  • No 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
  • 0.19% a year, level with the median for currency-hedged funds and the same sticker its ADRhedged siblings HSBH, SHEH and GSKH carry.
  • Launched 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

  • One 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
  • The 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.
  • Assets and daily volume run small for the category, so spreads can be wider than on a mega-fund. Limit orders matter more here.

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$10,152
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,158
Nov 3, 2025 to Nov 3, 2026. TMH $10,152. SPY $11,158. Use the arrow keys to read each point.$9,000$10,000$11,000$12,000Nov 2025May 2026Nov 2026

Nov 3, 2025 – Nov 3, 2026

Returns run to the Nov 3, 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−5.0%
1 month+8.0%
3 months+5.9%
1 year+1.5%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−5.0%
2025+26.2%

History from Mar 14, 2025

TMH in the news

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 Nov 3, 2026.
13.28%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

$10,000 in TMH 1 year ago paid $1,224 in dividends.

TMH Risk

Risk pillarD35 out of 100Rank 7 of 9 in Currency-Hedged Funds
How much the fund’s monthly returns vary, scaled to a year.
24.9%
Annualised · 19 months to Oct 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.
0.52
vs 3-month T-bills · 19 months to Oct 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%
19 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.

FMP measures it over up to five years of monthly returns.

TMH Cost

Tied cheapest in Currency-Hedged Funds

$3,952

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TMH 0.19%

    $3,952

$10,000
30 years

Cost over time

  • TMH 0.19%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530TMH $3,952

Year by year

YearTMH
10$347
20$1,351
30$3,952

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