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Robinhood
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Robinhood
Public
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E-Trade
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Robinhood
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E-Trade
Charles Schwab
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Robinhood
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Charles Schwab
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Invest directly by choosing one of the brokers below

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Fidelity
E-Trade
Charles Schwab
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DSPY
S&P 500 Historical Weight ETF Strategy

Invest in the S&P 500 with Reduced Concentration Risk

How to Invest
Share Price:

$49.98

April 02, 2025
Factsheet
Why DSPY?

Why Invest in DSPY ETF?

DSPY-Icon

Reduced S&P 500 Concentration

Address 50-year high S&P 500 concentration level risk and reduce reliance on overexposed mega-cap companies

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Stay Invested in the S&P 500

Same S&P 500 exposure but with weightings based on average 35-year history

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Low Cost & Tax Efficient

Access at an attractive cost with ETF tax efficiency

Learn more about DSPY

Fund Overview

Fund Details

As of April 02, 2025
Primary Exchange
NYSE
Ticker
DSPY
AuM ($)
$2,496,346
# of Holdings
503
Fund Inception Date
04/01/25
Gross Expense Ratio
0.18%
Implied Liquidity (USD)
Source: Factset. ETF Implied liquidity is a representation of how many shares can potentially be traded daily in an ETF as portrayed by the creation unit. This is defined as the smallest value of the IDTS (Implied Daily Tradable Shares) for each holding in the creation unit. Applies only to funds in 100% equity exposure.
$35,292M
Shares Outstanding
50,000
Investment Advisor
Tema ETFs LLC
Investment Sub-Advisor
NEOS Investments, LLC

Fund Summary

Tema S&P 500® Historical Weight ETF Strategy (the “Fund”) seeks long-term growth based on a historical weight interpretation of the S&P 500® Index (the “S&P 500”). The DSPY ETF seeks to reduce the current 50-year high concentration risk and achieve a more balanced market exposure by investing in a portfolio of stocks that make up a version of the S&P 500 that reflects its historical weight distribution. “Historical weight” is defined as the average weight of each S&P 500 position on a monthly basis since December 29, 1989. The Fund then reflects the historical average weight of position 1 to position 500 of the S&P 500, applied to the current constituents.

Investment Case
Summary Prospectus

Introducing DSPY

Portfolio Breakdown

Top 10 holdings

As of April 02, 2025
Company
% of Nav
APPLE, INC.
4.06%
NVIDIA CORP.
2.82%
MICROSOFT CORP.
2.25%
AMAZON.COM, INC.
2.06%
META PLATFORMS, INC.
1.71%
BERKSHIRE HATHAWAY, INC.
1.70%
TESLA, INC.
1.62%
JPMORGAN CHASE & CO.
1.42%
BROADCOM INC.
1.34%
ELI LILLY & CO.
1.28%
Download Holdings

Country Breakdown

United States
96.55%
Ireland
1.87%
United Kingdom
0.85%
Switzerland
0.39%
Others
0.34%

Industry Breakdown

Technology
27.24%
Finance
18.35%
Healthcare
12.70%
Consumer Non-Cyclicals
10.28%
Industrials
8.66%
Consumer Cyclicals
4.47%
Energy
4.43%
Consumer Services
3.43%
Utilities
3.12%
Non-Energy Materials
2.95%
Business Services
2.52%
Telecommunications
1.85%
Cash & Cash Equivalents
0.14%
  • Performance
  • Distributions
  • Premium / Discount

Prices & Performance

As of
Oct 01, 2024

DSPY

3 months

1 Year

3 Years

5 Years

Since inception

NAV
Market Price

The Tema US 500 Historical Weight Index (DSPYTR) is the benchmark for the Tema S&P 500 Historical Weight ETF. The DSPYTR Index is designed to track the historical weighted version of the S&P 500. The DSPYTR Index is calculated by S&P Global, Inc. More information on DSPYTR Index can be found here.

 

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted. Returns for periods of less than one year are not annualized.


The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. The first trading date is typically several days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the first trade date because there is no bid/ask spread until the fund starts trading.

Distributions

Record Date

Ex-Date

Payable Date

Total Distribution

Income

ST Cap Gains

LT Cap Gains

Premium/Discount

Сhart Table

DSPY NAV / Market Price

NAV$49.93
NAV change (1D)$0.35
Median Bid/Ask Spread (30 Day)0.1%
Market Price$49.98
Market Price Change (1D)$0.40
Premium/Discount0.1%
As of: April 02, 2025

How can DSPY be used in a portfolio

  1. Diversify S&P 500 exposure or replace S&P 500 Equal Weight exposure with a strategy that reduces both reliance on mega-cap stocks and tracking error compared to the S&P 500 Equal Weight.
  2. Complement large-cap growth equity strategies with a strategy that seeks to limit concentration risk.
  3. Replace high-fee, underperforming active strategies with an S&P 500 strategy that is based on over 35 years of historical data. 
Learn More About DSPY

How to buy

*Neither Tema ETFs LLC nor undefined ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement.