RSHO
Tema American Reshoring ETF
RSHO actively manages a narrow portfolio of US stocks that are anticipated to benefit from deglobalization. The funds adviser combines a top-down and bottom-up approach to selecting and weighting fund holdings.
US
EQUITY
Active
MANAGEMENT STYLE
134.4 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Tema Global Ltd. |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 11, 2023 |
| Assets (mns) | $134 |
| 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 +
| ROCKWELL AUTOMATION INC | 5.9 % |
| APPLIED INDUSTRIAL TECH INC | 5.8 % |
| EATON CORP PLC | 5.3 % |
| CLEAN HARBORS INC | 4.6 % |
| INGERSOL-RAND INC | 4.5 % |
| PRIMORIS SERVICES CORP | 4.4 % |
| FASTENAL CO | 4.4 % |
| CRH PLC | 4.4 % |
| SPX CORP | 4.3 % |
| PARKER HANNIFIN CORP | 3.9 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 379 |
| Wgt avg mkt cap (mns) | $64,841 |
| Large cap (>$10bn) | 60.1% |
| Mid cap ($2-10bn) | 36.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.5% |
| Emerging mkts. | 1.5% |
Country Exposure
 |
UNITED STATES | 77.7 % |
 |
IRELAND | 12.1 % |
 |
SWITZERLAND | 5.7 % |
 |
BRITAIN | 2.8 % |
 |
TAIWAN | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.9% | 35.6% | -- | -- | -- | -- | 28.6% | Volatility | 19.1% | 18.9% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.42 | 65% |
| MSCI EAFE | 1.25 | 64% |
| MSCI Emg Mkts | 0.99 | 36% |
Liquidity Measures
| Avg. volume (000) | 27 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.39% |
| ADV of underlying (mns) | $9,289 |
Technical Indicators
| Recent close | $39.78 |
| 30d moving avg. | $37.87 |
| Annualized volatility | 23.0% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.3% |
| 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. RSHO |
Expenses vs. RSHO |
ALTAR Score™ vs. RSHO |
|---|---|---|---|---|
| HWAY | Themes US Infrastructure ETF | 22.9% | -46 bp | +2.8% |
| PAVE | Global X U.S. Infrastructure Development ETF | 22.0% | -28 bp | +1.8% |
| AIRR | First Trust RBA American Industrial Renaissance ETF | 16.5% | -5 bp | +1.5% |
| XLI | Industrial Select Sector SPDR Fund | 15.6% | -66 bp | +0.8% |
| VIS | Vanguard Industrials ETF | 14.5% | -65 bp | +0.9% |
| FIDU | Fidelity MSCI Industrial Index ETF | 14.5% | -67 bp | +1.2% |
| MAKX | ProShares S&P Kensho Smart Factories ETF | 11.9% | -17 bp | -2.6% |
| RSPN | Invesco S&P 500 Equal Weight Industrials ETF | 11.8% | -35 bp | +0.7% |
| EXI | iShares Global Industrials ETF | 11.6% | -33 bp | +1.2% |
| IYJ | iShares U.S. Industrials ETF | 11.3% | -35 bp | +1.2% |
Risk and Returns: RSHO 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 11/15/2024
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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
RSHO
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™
RSHO
3.4%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. RSHO's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places RSHO in the 19th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RSHOSELL
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 |
| RSHO (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) |
|
|---|---|---|---|
| RSHO | 75.0 | 38.9 | 113.9 |
| Peer Avg. | 67.8 | 48.9 | 116.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .