HRTS
Tema GLP-1 Obesity & Cardiometabolic ETF
The Tema GLP-1 Obesity & Cardiometabolic ETF seeks to provide investors with exposure to companies that are focused on developing treatments and solutions for obesity and cardiometabolic conditions.
US
EQUITY
Active
MANAGEMENT STYLE
72.6 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Tema |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 20, 2023 |
| Assets (mns) | $73 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ELI LILLY & CO | 7.2 % |
| VERTEX PHARMACEUTICALS INC | 5.8 % |
| ALNYLAM PHARMACEUTICALS INC | 5.0 % |
| BRIDGEBIO PHARMA, INC. | 4.2 % |
| NOVO NORDISK A/S-B | 3.9 % |
| CRINETICS PHARMACEUTICALS INC | 3.8 % |
| AMGEN INC | 3.8 % |
| CHUGAI PHARMACEUTICAL CO LTD | 3.7 % |
| ASTRAZENECA PLC | 3.6 % |
| ASCENDIS PHARMA A/S | 3.5 % |
Constituent Breakdown
| Number of holdings | 39 |
| Herfindahl-Hirschman Index | 309 |
| Wgt avg mkt cap (mns) | $106,115 |
| Large cap (>$10bn) | 53.2% |
| Mid cap ($2-10bn) | 30.3% |
| Small cap (<$2bn) | 16.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 73.7 % |
 |
DENMARK | 8.8 % |
 |
JAPAN | 3.7 % |
 |
BRITAIN | 3.6 % |
 |
IRELAND | 2.4 % |
 |
SWITZERLAND | 1.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.1% | -- | -- | -- | -- | -- | 20.1% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.55 | 50% |
| MSCI EAFE | 1.13 | 41% |
| MSCI Emg Mkts | 0.63 | 10% |
Liquidity Measures
| Avg. volume (000) | 18 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $8,174 |
Technical Indicators
| Recent close | $29.27 |
| 30d moving avg. | $31.66 |
| Annualized volatility | 21.5% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. HRTS |
Expenses vs. HRTS |
ALTAR Score™ vs. HRTS |
|---|---|---|---|---|
| GDOC | Goldman Sachs Future Health Care Equity ETF | 27.2% | 0 bp | +5.5% |
| IXJ | iShares Global Healthcare ETF | 25.5% | -33 bp | +8.6% |
| AGNG | Global X Aging Population ETF | 24.3% | -25 bp | +6.0% |
| FMED | Fidelity Disruptive Medicine ETF | 24.2% | -25 bp | +1.3% |
| BHCHX | Baron Health Care Strategy | 21.6% | 0 bp | +0.9% |
| HART | IQ Healthy Hearts ETF | 21.4% | -30 bp | +6.7% |
| IYH | iShares U.S. Healthcare ETF | 21.2% | -35 bp | +8.7% |
| MEDX | Horizon Kinetics Medical ETF | 21.0% | +10 bp | +1.4% |
| XLV | Health Care Select Sector SPDR Fund | 20.7% | -66 bp | +9.5% |
| IBBQ | Invesco Nasdaq Biotechnology ETF | 20.5% | -56 bp | +2.6% |
Risk and Returns: HRTS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
HRTS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
HRTS
-1.7%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. HRTS's ALTAR Score™ is approximately
2.8 standard deviations
below
the category average. This places HRTS in the 1st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
HRTSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| HRTS (75 bp) Percentile rank | 61 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| HRTS | 75.0 | 0.0 | 75 |
| Peer Avg. | 66.5 | 47.6 | 114.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .