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Launched

Tema U.S. Manufacturing & Reshoring ETF

WELDNYSE ArcaTemaD

$50.54+0.61 (+1.22%)

As of Nov 2, 2026, 3:59 PM ET

D37/ 100

Rank 5 of 7 in Reshoring & Supply Chain

D37/100Rank 5 of 7inReshoring & Supply Chain
Intraday session: up, 79 prints from 49.93 to 50.54. Range 50.52 to 51.53. Use the arrow keys to read each point.50.2550.7551.0051.2551.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%*
Fund size
$243M
1Y total return
+13.3%
Yield · Last 12 months
0.26%
Holdings
22
Avg volume · 30D
41.2K sh
52W range
low $41.34high $67.00
Launched

*After a fee waiver that ends Jun 28, 2027. Without it: 0.99%.

The ETF.net WELD Grade

Based on 5 of 6 pillars

D

Score 37 out of 100

Category
Reshoring & Supply Chain⁠
Rank
5 of 7
Six-pillar profile for WELD. Scores out of 100: Cost 22, Risk 38, Mission not scored, Tradability 62, Holdings 33, Durability 67. Strongest: Durability (67). Weakest: Cost (22). Based on 5 of 6 pillars.

Score 37 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.
    F22 out of 100
    Rank 5 of 7

  • 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.
    D38 out of 100
    Rank 6 of 7

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B62 out of 100
    Rank 3 of 7

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D33 out of 100
    Rank 7 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 2 of 7

Our read on WELD

ETF.net Research

In short

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

  • Actively 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
  • Valuation is written into the strategy: it targets reshoring companies priced attractively against their own fundamentals and growth, a rarity in thematic land.
  • An 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
  • Among the reshoring and supply-chain funds we review, it sits in the upper half of the group, with tradability its stronger suit.

Worth knowing

  • At 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%.
  • Roughly 26 holdings concentrated in Industrials, Materials and Utilities means one company or one sector cycle can move the whole fund.temaetfs.com
  • It trades thinly next to the category's index heavyweights, so bid-ask spreads can run wider than headline expenses suggest.

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$11,331
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. WELD $11,331. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+12.6%
1 month−6.2%
3 months−12.1%
1 year+13.3%
3 yearsper year+24.0%
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 WELD
YearReturn barWELD
2026 YTD+12.6%
2025+19.2%
2024+17.3%
2023+28.3%

History from May 11, 2023

WELD in the news

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 30, 2026.
0.26%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

$10,000 in WELD 3 years ago paid $112 in dividends.

WELD Risk

Risk pillarD38 out of 100Rank 6 of 7 in Reshoring & Supply Chain
How much the fund’s monthly returns vary, scaled to a year.
22.8%
Annualised · 36 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.
0.87
vs 3-month T-bills · 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.
−27.3%
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.

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

WELD Cost

Compare WELD and IETC

Overpaying vs IETC, cheapest in Reshoring & Supply Chain

$10,733

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

  • WELD 0.75%

    $14,482

  • IETC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • WELD 0.75%
  • IETC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530WELD $14,482IETC $3,749

Year by year

YearWELDIETCOverpaying
10$1,336$328$1,008
20$5,078$1,281$3,797
30$14,482$3,749$10,733
How the 0.75% is worked out

Full fee 0.99%− waiver 0.24%= you pay 0.75%

The waiver ends Jun 28, 2027. After that the fee is 0.99% unless Tema renews it. Source: prospectus, Jun 2026.

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