MNTL
Neuroscience and Mental Health ETF
Investing in the future of cognitive health and science
Why MNTL ETF?
Unmet medical need
1 billion people worldwide suffer from CNS diseases. Many illnesses have limited disease modifying treatments and are a huge economic burden on healthcare systems.
Source: WHO
Innovation
An innovation wave is rising with the watershed launch of the first medicines for Alzheimer’s to breakthroughs in gene editing, non-opioid pain, and targeted treatments for depression.
Research expertise
The fund conducts deep and comprehensive research, in an effort to identify those companies that deliver breakthrough solutions at attractive valuations.
Growing Market
The outsized economic burden of these diseases means a large and fast-growing addressable market with high payer acceptance according to Tema’s research.
Uncorrelated
Performance of many companies relies on clinical or commercial success, which is an uncorrelated source of return.
Fund Overview
Fund Details
As of April 26, 2024
Fund Summary
The actively managed Tema Neuroscience and Mental Health ETF seeks to provide long-term growth of capital by investing in companies tackling diseases of the central nervous system and mental health. We have reached a watershed moment in innovation with the approval of the first disease modifying agent in Alzheimer’s with significant innovation following in neuropsychology and genetic neurological disorders. The complex combination of scientific, regulatory and financing risks requires investment and scientific expertise to navigate this secular theme.
Portfolio Manager
Investment Partner
David K. Song, MD, PhD, CFA
How does the Tema MNTL ETF fit in a portfolio?
Investment 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
MNTL ETF
Equity core
Where could a position be funded from?
- Could be a more targeted alternative to existing healthcare or biopharma exposure in a portfolio.
- Provides a balanced exposure across key technologies and company risk profiles.
- Could replace a satellite position or a growth-oriented alpha driver.
Portfolio Breakdown
Top 10 holdings
As of April 26, 2024
Country Breakdown
United States
75.40%Ireland
7.15%Netherlands
3.68%Belgium
3.12%Others
10.65%Industry Breakdown
Healthcare
98.14%Cash & Cash Equivalents
1.82%NA
0.04%- Performance
- Distributions
- Premium / Discount
Prices & Performance
- Mar 31, 2024
- Mar 31, 2024
MNTL
3 months
1 Year
3 Years
5 Years
Since inception
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
Premium/Discount
Days Traded at Nav
Days Traded at Premium
Days Traded at Discount
MNTL NAV / Market Price
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.
Investing involves risk including possible loss of principal. There is no guarantee the adviser’s investment strategy will be successful.
Industry Concentration Risk: Because the Fund's assets will be concentrated in an industry or group of industries, the Fund is subject to loss due to adverse occurrences that may affect that industry or group of industries.
Biotechnology Industry Risk: The biotechnology industry can be significantly affected by patent considerations, including the termination of patent protections for products, intense competition both domestically and internationally, rapid technological change and obsolescence, government regulation and expensive insurance costs due to the risk of product liability lawsuits. In addition, the biotechnology industry is an emerging growth industry, and therefore biotechnology companies may be thinly capitalized and more volatile than companies with greater capitalizations.
Sector Focus Risk: Neuroscience companies are often subject to the potential or actual performance of a limited number of products or technologies and may be greatly affected if any of their products or technologies proves to be, among other things, unsafe, ineffective or unprofitable.
Neuroscience companies may not be able to capitalize on such products or technologies. Neuroscience companies may face political, legal or regulatory challenges or constraints from competitors, industry groups or local and national governments. They are also subject to product liability claims, patent expirations and intense competition, which may affect the value of their equity securities. Neuroscience companies may be thinly capitalized, and their equity securities may be more volatile than companies with greater capitalizations. Neuroscience companies are also susceptible to the market and business risks of related industries, such as the biotechnology, pharmaceutical and health care equipment industries.
Investing in Foreign and emerging markets involves risks relating to political, economic, or regulatory conditions not associated with investments in U.S. securities and instruments. In addition, the fund is exposed to currency risk.
Because the Fund evaluates ESG factors to assess and exclude certain investments for non-financial reasons, the Fund may forego some market opportunities available to funds that do not use these ESG factors.
Tema Global Limited serves as the investment adviser to Tema Neuroscience and Mental Health ETF (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 Global Limited nor NEOS Investments, LLC. Check the background of Foreside on FINRA’s BrokerCheck.