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Launched

Tema U.S. Manufacturing & Reshoring ETF

WELDNYSE ArcaD

$53.20−0.14 (−0.27%)

As of Oct 13, 2026, 3:59 PM

D39/ 100

Rank 6 of 8 in Reshoring & Supply Chain

D39/100Rank 6 of 8inReshoring & Supply Chain
Intraday session: down, 78 prints from 53.35 to 53.20. Range 52.37 to 53.37. Use the arrow keys to read each point.52.4052.6052.8053.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$273M
1Y total return
+28.2%
Yield · Last 12 months
0.25%
Holdings
23
Avg volume · 30D
0M sh
NAV per share
$53.66
52W range
low $41.34high $67.00
Launched

The ETF.net WELD Grade

Based on 5 of 6 pillars

D

Score 39 out of 100

Category
Reshoring & Supply Chain⁠
Rank
6 of 8
Six-pillar profile for WELD. Scores out of 100: Cost 20, Risk 43, Mission not scored, Tradability 66, Holdings 38, Durability 66. Strongest: Tradability (66). Weakest: Cost (20). Based on 5 of 6 pillars.

Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F20 out of 100
    Rank 6 of 8

  • 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.
    C43 out of 100
    Rank 7 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B66 out of 100
    Rank 3 of 8

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 7 of 8

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B66 out of 100
    Rank 2 of 8

Our read on WELD

ETF.net Research

DMost reshoring funds buy the whole factory floor. WELD picks roughly two dozen U.S. industrial names by hand, with a valuation screen built into the mandate, and it was doing this in 2023 before the index giants turned up.

Stated mandate

The Fund seeks long-term growth.

Why people hold it

  1. 01Actively run rather than indexed: around 26 U.S. industrial names chosen by an industrials portfolio manager, not a rules-based basket of a hundred-plus tickers.temaetfs.com
  2. 02Valuation is written into the strategy: it targets reshoring companies priced attractively against their own fundamentals and growth, a rarity in thematic land.
  3. 03An early mover in the theme. It listed in May 2023 as RSHO, more than a year before iShares brought its U.S. manufacturing index fund (MADE) to market.businesswire.cominvesting.com
  4. 04Among the reshoring and supply-chain funds we review, it sits in the upper half of the group, with tradability its stronger suit.

Worth knowing

  1. 01At 0.75% a year it matches the median for its peer group, but broader index rivals cost less: MADE at 0.40% and IETC at 0.18%.
  2. 02Roughly 26 holdings concentrated in Industrials, Materials and Utilities means one company or one sector cycle can move the whole fund.temaetfs.com
  3. 03It trades thinly next to the category's index heavyweights, so bid-ask spreads can run wider than headline expenses suggest.

WELD Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
23
Top-10 weight
61%
Largest holding
CGNX7.5%

Sectors

  • Industrials77.0%
  • Technology16.6%
  • Materials3.8%
  • Consumer Discretionary1.7%
  • Energy1.0%

Geography

  • United States83.25%
  • Ireland5.05%
  • Taiwan4.13%
  • United Kingdom3.87%
  • Switzerland3.70%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001CGNXCognex Corp7.49%328,236$20M188
002TKRTimken Co/The7.18%168,913$19M156
003GTESGates Industrial Corp Ltd7.04%726,974$19M134
004AITApplied Industrial Technologies Inc6.90%56,023$19M194
005PHParker-Hannifin Corp6.78%19,207$18M353
006TEXTerex Corp5.35%282,767$15M133
007IRIngersoll Rand Inc5.31%181,985$14M266
008AMEAmetek Inc5.20%56,450$14M316
009NOVTNovanta Inc5.13%95,779$14M117
010ATIAti Inc5.06%72,940$14M221
011ETNEaton Corp PLC5.04%32,013$14M333
012POWLPowell Industries Inc4.99%72,893$14M143
013CATCaterpillar Inc4.88%16,558$13M450
014TSMTaiwan Semiconductor Manufacturing Co Ltd3.98%24,299$11M277
015LINLinde PLC3.90%21,666$11M338

Showing 1–15 of 23 holdings

WELD Performance

Launched May 10, 2023

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.
WELD$12,823
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. WELD $12,823. SPY $12,044. Use the arrow keys to read each point.$9,337$12,443$15,548Oct 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 WELD. Periods over one year show the average yearly return.
PeriodWELD
Year to date+20.3%
1 month−1.3%
3 months−9.0%
1 year+28.2%
3 yearsper year+24.2%
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 WELD
YearReturn barWELD
2026 YTD+20.3%
2025+19.2%
2024+17.3%
2023+28.3%

History from May 11, 2023

WELD in the news

Filtered to WELD · Reshoring & Supply Chain · Tema

WELD 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.
0.25%Last 12 months
Payout per share
$0.13Last 12 months
Last payment
$0.13 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 13, 2023 $0.08; Dec 11, 2024 $0.10; Dec 10, 2025 $0.13. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 10, 2025Dec 11, 2025$0.13
Dec 11, 2024Dec 12, 2024$0.10
Dec 13, 2023Dec 15, 2023$0.08

WELD Risk

How much the fund’s monthly returns vary, scaled to a year.
22.6%
Annualised · 36 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.
0.90
vs 3-month T-bills · 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.
−27.3%
41 months · trough Apr 2025
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.
1.29
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.

WELD Cost

Expense ratio0.75%
  • The middle half of Reshoring & Supply Chain funds
  • Median 0.64%

5 of the 8 Reshoring & Supply Chain funds charge less.

WELD costs $75.00 a year on $10,000. The median Reshoring & Supply Chain fund costs $64.00.

Other funds in Reshoring & Supply Chain

See others