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LUX
Luxury ETF

Compelling luxury goods industry opportunities

Why LUX ETF?

icons-themes-luxury-timeless
Timeless Aspirational Moats

Luxury brands have a timeless and aspirational appeal to consumers, creating heritage-based moats and allowing them to travel easily

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Pricing Power

Luxury brands can be characterized as exhibiting superior pricing power evidenced by consistent organic growth and strong gross margins (~70%)

icons-themes-luxury-under-penetrated
Underpenetration

Luxury brands benefit from strong volume growth drivers across different underpenetrated verticals including geographies (emerging markets), demographics (gen-Z), channels (e-commerce) and sustainability (ESG)

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Defensive Nature

Luxury markets historically exhibit only mild cyclicality, supported by the affluence of typical luxury consumers combined with the aspirational and unique nature of the product or service

icons-themes-luxury-quality
Quality

The luxury sector differentiates itself in quality products and quality business characteristics, such as operating margins and high returns on capital

Fund Overview

Fund Details

As of July 16, 2024
Primary Exchange
NYSE
Ticker
LUX
AuM (USD)
$6,136,790
# of Holdings
32
Fund Inception Date
05/10/23
Gross Expense Ratio
0.99%
Net Expense Ratio*
0.75%
Implied Liquidity (# of shares)
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.
342,289
Implied Liquidity (USD)
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.
$8M
Shares Outstanding
260,000
Investment Advisor
Tema Global Limited
Sub-Investment Advisor
NEOS Investments, LLC
*Contractual expense cap for net expense ratio of 0.75% is in effect through 06/28/2025

Fund Summary

The actively managed Tema Luxury ETF seeks to provide long-term growth by investing in companies operating in the luxury industry. These companies typically have dominant growing brands with aspirational timeless qualities leading to resilient business fundamentals. The universe of luxury spans fashion items, accessories, automobiles, hospitality and beauty.

Portfolio Manager

Javier G. Lastra, CFA
Investment Partner
Javier G. Lastra, CFA
Javier is a consumer sector expert with over 23 years of investment research experience. He is the former head of beverage sector equity research at Berenberg and Exane. He is also the former head of consumer staples research at Goldman Sachs. Javier holds a BA from CUNEF Business Schoool, an Executive Program from Kellogg School of Management, and is a CFA charter holder.

How does the Tema LUX ETF fit in a portfolio?

Investment Style Box

style-box

Source: Tema. The investment style Box reveal’s a fund’s investment strategy by showing its investment style and market capitalization based on the fund’s portfolio holdings.

Potential Portfolio

Equity Allocation

3-5%

Equity Satellite

portfolio chart-Jan-12-2024-05-49-21-8745-PM
Ellipse 625

LUX ETF

Ellipse 625

Equity core

Where could a position be funded from?

  • From a large-cap position due to LUX’s large-cap growth style.
  • May be a better alternative to existing equity consumer exposure in a portfolio.
  • Aims to introduce quality exposure through what we believe is an increasingly resilient industry with strong growth prospects.

Portfolio Breakdown

Top 10 holdings

As of July 16, 2024
Company
% of Nav
COMPAGNIE FINANCIERE RICHEMONT SA
8.80%
CASH & CASH EQUIVALENTS
7.76%
HERMES INTERNATIONAL SCA
7.70%
LVMH MOET HENNESSY LOUIS VUITTON SE
5.05%
VIKING HOLDINGS LTD. (BERMUDA)
4.83%
HILTON WORLDWIDE HOLDINGS, INC.
4.64%
L'OREAL SA
4.56%
MARRIOTT INTERNATIONAL, INC.
4.54%
PERNOD RICARD SA
4.23%
FERRARI NV
4.18%

Country Breakdown

France
26.37%
United States
19.55%
Italy
16.40%
Switzerland
8.80%
Others
28.88%

Industry Breakdown

Consumer Cyclicals
52.41%
Consumer Services
21.54%
Consumer Non-Cyclicals
18.26%
Cash & Cash Equivalents
7.76%
  • Performance
  • Distributions
  • Premium / Discount

Prices & Performance

As of
Jun 30, 2024

LUX

3 months

1 Year

3 Years

5 Years

Since inception

NAV
-8.39% -8.39%
-6.25% -6.25%
-4.80% -4.80%
Market Price
-8.60% -8.60%
-6.80% -6.80%
-4.78% -4.78%

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

Dec 14, 2023
Dec 13, 2023
Dec 15, 2023
$0.169736
$0.169736
$0.000000
-0.26 0.02 -0.28 0.24 -0.09 0.14 0.06 -0.07 0.13 -0.31 0.16 0.5 0.44 0.13 0.64 -0.12 0.63 0.47 0.41 0.25 0.51 0.65

Premium/Discount

Сhart Table

LUX NAV / Market Price

NAV$23.60
NAV change (1D)$0.01
Median Bid/Ask Spread (30 Day)1.29%
Market Price$23.54
Market Price Change (1D)($0.05)
Premium/Discount-0.26%
As of: July 16, 2024

How to buy

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