DSPY
S&P 500 Historical Weight ETF Strategy

Invest in the S&P 500, with lower concentration risk.

How to Invest

Share Price:

$57.23

November 07, 2025

Factsheet

Why DSPY?

Why Invest in DSPY ETF?

Concentration Risk

Concentration risk in the S&P 500 is at all-time highs, with the top-10 companies representing 35-40% of the index weighting adding risk to core portfolio exposures.

Equal Weight Tracking Error

The S&P 500 Equal Weight index has less than 50% overlap with the S&P 500 Index, leading to significant tracking error between S&P 500 Equal Weight index and S&P 500 Index.

Cost and Tax Efficient

DSPY has a management fee that is 75% less than its peers and seeks to minimize any capital gains distributions.

Learn more about DSPY

Fund Overview

Fund Details

As of November 07, 2025

Primary Exchange

NYSE

Ticker

DSPY

# of Holdings

505

Fund Inception Date

04/01/25

Gross Expense Ratio

0.18%

Shares Outstanding

13,419,057

Investment Advisor

Tema ETFs LLC

Investment Sub-Advisor

NEOS Investments, LLC

Fund Summary

The Tema S&P 500 Historical Weight ETF Strategy (DSPY) is a rules-based solution that seeks to mirror the S&P 500 index, but with reduced concentration in individual companies. Weightings are determined by the historical weighting of the individual S&P 500 index ranking positions.

DSPY Overview

Summary Prospectus

Introducing DSPY

Portfolio Breakdown

Top 10 holdings

As of November 07, 2025

Company

% of Nav

NVIDIA CORP

4.17%

MICROSOFT CORP

3.12%

APPLE INC

2.76%

AMAZON.COM INC

2.38%

BROADCOM INC

1.82%

TESLA INC

1.72%

ELI LILLY & CO

1.52%

BERKSHIRE HATHAWAY INC

1.44%

ALPHABET INC

1.43%

JPMORGAN CHASE & CO.

1.41%

Download Holdings

Country Breakdown

United States

96.57%

Ireland

2.26%

Switzerland

0.42%

Bermuda

0.16%

Others

0.59%

Industry Breakdown

Information Technology

26.09%

Financials

15.60%

Health Care

12.14%

Industrials

10.78%

Consumer Discretionary

9.83%

Communication Services

7.54%

Consumer Staples

6.26%

Energy

3.91%

Utilities

2.98%

Real Estate

2.56%

Materials

2.15%

Cash & Cash Equivalents

0.15%

Performance
Distributions
Premium / Discount

Prices & Performance

As of

Oct 31, 2025

DSPY

3 months

1 Year

3 Years

5 Years

Since inception

NAV

6.99% 6.73%

17.56% 15.92%

Market Price

7.19% 6.70%

17.67% 15.94%

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

Jun 25, 2025

Jun 27, 2025

$0.1642168

$0.00

Sep 30, 2025

Oct 02, 2025

$0.06147151

$0.00

-0.08 0.01 0.12 -0.07 0.05

Premium/Discount

Сhart Table

DSPY NAV / Market Price

NAV$57.27

NAV change (1D)$0.20

Median Bid/Ask Spread (30 Day)0.1%

Market Price$57.23

Market Price Change (1D)$0.15

Premium/Discount-0.08%

As of: November 07, 2025

November-25 October-25 September-25 August-25 July-25 June-25 May-25 April-25

How can DSPY be used in a portfolio

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.
Complement large-cap growth equity strategies with a strategy that seeks to limit concentration risk.
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.

Risk Information

Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus or summary prospectus, which may be obtained by visiting www.temaetfs.com. Read the prospectus carefully before investing.

Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund's shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk. Therefore, you should carefully consider the following risks before investing in the Fund.

Investing involves risk including possible loss of principal. There is no guarantee the adviser’s investment strategy will be successful.

Large-Capitalization Risk. Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and mid-sized companies. The securities of large-capitalization companies may also be relatively mature compared to smaller companies and therefore subject to slower growth during times of economic expansion. Large-capitalization companies may also be unable to respond quickly to new competitive challenges, such as changes in technology and consumer tastes.

Calculation Methodology Risk. The Adviser relies on various sources of information to "weight-adjust" the S&P 500, including information that may be based on assumptions and estimates. Neither the Fund nor the Adviser can offer assurances that the calculation methodology or sources of information will provide accurate "weight-adjusted" S&P 500. Errors in the S&P 500 data, S&P 500 computations or the construction of the S&P 500 in accordance with its methodology, and errors in the process of "weight-adjusting" the S&P 500 may occur from time to time and may not be identified and corrected by the Index Provider or the Adviser for a period of time or at all, which may have an adverse impact on the Fund and its shareholders.

"Standard & Poor’s," "S&P", and "S&P 500" are trademarks of Standard & Poor’s Financial Services, LLC and have been licensed for use by Tema ETFs LLC ("Tema"). Tema S&P 500® Historical Weight ETF Strategy is not sponsored, endorsed, sold, or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in Tema S&P 500® Historical Weight ETF Strategy .

Tema ETFs LLC serves as the investment adviser to Tema S&P 500 Historical Weight ETF Strategy (the “Fund”), and NEOS Investments, LLC serves as a sub adviser to the Fund. The Fund is distributed by Foreside Fund Services LLC, which is not affiliated with Tema ETFs LLC nor NEOS Investments, LLC. Check the background of Foreside on FINRA’s BrokerCheck. For inquiries: info@temaetfs.com

Get in Touch

DSPY S&P 500 Historical Weight ETF Strategy

$57.23

Why Invest in DSPY ETF?

Concentration Risk

Equal Weight Tracking Error

Cost and Tax Efficient

Fund Overview

Fund Details

As of November 07, 2025

Fund Summary

Introducing DSPY

Portfolio Breakdown

Top 10 holdings

As of November 07, 2025

Country Breakdown

United States

Ireland

Switzerland

Bermuda

Others

Industry Breakdown

Information Technology

Financials

Health Care

Industrials

Consumer Discretionary

Communication Services

Consumer Staples

Energy

Utilities

Real Estate

Materials

Cash & Cash Equivalents

Prices & Performance

DSPY

3 months

1 Year

3 Years

5 Years

Since inception

Distributions

Record Date

Ex-Date

Payable Date

Total Distribution

Income

ST Cap Gains

LT Cap Gains

Premium/Discount

Days Traded at Nav

Days Traded at Premium

Days Traded at Discount

DSPY NAV / Market Price

How can DSPY be used in a portfolio

Fund Documents

How to buy

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DSPY
S&P 500 Historical Weight ETF Strategy