LUX
Tema Luxury ETF
LUX seeks long-term growth from an actively managed portfolio of global companies that provide luxury goods and services.
Global
EQUITY
Active
MANAGEMENT STYLE
2.6 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Tema Global Ltd. |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | May 11, 2023 |
| Assets (mns) | $3 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CASH & OTHER | 20.1 % |
| HERMES INTERNATIONAL | 8.0 % |
| FERRARI NV | 7.7 % |
| CIE FINANCIERE RICHEMON-BR A | 7.7 % |
| LVMH MOET HENNESSY LOUIS VUI | 6.1 % |
| DAIMLER AG-REGISTERED SHARES | 4.8 % |
| MARRIOTT INTERNATIONAL-CL A | 4.7 % |
| HILTON WORLDWIDE HOLDINGS, INC. | 4.3 % |
| BRUNELLO CUCINELLI S.P.A. | 3.4 % |
| L'OREAL | 3.3 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 751 |
| Wgt avg mkt cap (mns) | $77,369 |
| Large cap (>$10bn) | 87.0% |
| Mid cap ($2-10bn) | 11.0% |
| Small cap (<$2bn) | 1.0% |
| Developed mkts. | 98.5% |
| Emerging mkts. | 0.7% |
Country Exposure
 |
UNITED STATES | 22.8 % |
 |
FRANCE | 20.2 % |
 |
ITALY | 15.7 % |
 |
SWITZERLAND | 7.7 % |
 |
GERMANY | 7.2 % |
 |
BRITAIN | 1.7 % |
 |
HONG KONG | 1.1 % |
 |
JAPAN | 0.8 % |
 |
MACAU | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -5.6% | 5.4% | -- | -- | -- | -- | -3.3% | Volatility | 16.2% | 15.9% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.18 | 79% |
| MSCI EAFE | 1.00 | 71% |
| MSCI Emg Mkts | 0.87 | 49% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 5.8% |
| Avg. Bid/Ask (% of price) | 0.54% |
| ADV of underlying (mns) | $5,283 |
Technical Indicators
| Recent close | $21.86 |
| 30d moving avg. | $22.97 |
| Annualized volatility | 17.3% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.1% |
| 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. LUX |
Expenses vs. LUX |
ALTAR Score™ vs. LUX |
|---|---|---|---|---|
| LUXX | Roundhill S&P Global Luxury ETF | 65.8% | -30 bp | -0.1% |
| FINE | Themes European Luxury ETF | 19.3% | -40 bp | -5.3% |
| HEDJ | WisdomTree Europe Hedged Equity Fund | 14.6% | -17 bp | +6.4% |
| EWQ | iShares MSCI France ETF | 14.4% | -22 bp | +3.3% |
| CRUZ | Defiance Hotel Airline and Cruise ETF | 13.2% | -30 bp | -7.5% |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 12.4% | -35 bp | +0.8% |
| FEZ | SPDR EURO STOXX 50 ETF | 11.2% | -46 bp | +3.8% |
| FLEU | Franklin FTSE Eurozone ETF | 10.2% | -66 bp | +4.3% |
| RXI | iShares Global Consumer Discretionary ETF | 10.0% | -34 bp | +2.3% |
Risk and Returns: LUX 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 11/22/2024
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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
LUX
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
LUX
3.0%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. LUX's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places LUX in the 41st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LUXSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| LUX (75 bp) Percentile rank | 55 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| LUX | 75.0 | 53.8 | 128.8 |
| Peer Avg. | 74.7 | 39.0 | 113.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .