Invest in the weight loss drug revolution and beyond
$HRTS ETF
Learn more

ROYA
Global Royalties ETF

Companies extracting royalty streams from music catalogues, pharmaceutical assets and natural resources

Why ROYA ETF?

icons-themes-royalties-differentiated-commodity-exposure
Differentiated commodity exposure

Royalties can provide exposure to the revenue streams of a collection of assets related to commodities such as gold, oil and gas, and base metals

icons-themes-royalties-main-capital-light-scalable
Capital light and scalable

Royalties provide scalable exposure to cash flow streams while mitigating operational and financial risks

icons-themes-royalties-contractual-real-income
Contractual real income

The contractual, inflation-sheltered cash flow stream of a royalty business allows it to pay out competitive and compelling real dividend income

icons-themes-royalties-alternative-asset
Alternative asset class features

Royalties are typically structured products that provide exposure to unique private assets, like pharmaceutical patents and intellectual property, while minimizing dilution risk

icons-themes-royalties-inflation
Inflation hedge

Inflationary environments will typically benefit royalty companies as they earn cash flow directly from revenue lines, that benefit from rising prices

Fund Overview

Fund Details

As of June 18, 2024
Primary Exchange
CBOE BZX Exchange
Ticker
ROYA
AuM (USD)
$269,176
# of Holdings
27
Fund Inception Date
08/16/23
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.
248,993
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.
$7M
Shares Outstanding
10,000
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 06/30/2025.

Fund Summary

The actively managed Tema Global Royalties ETF seeks to provide a balance of long-term growth and current income by investing in listed royalty companies that provide structured exposure to revenue streams from commodities, pharmaceutical, entertainment and intellectual property assets. Royalty companies earn a share of future revenues in exchange for investment. Royalties accrue directly from the revenue line of an underlying asset, underscoring their scalability while avoiding most operational and financial risks. As such, these businesses are able to generate contractual real income for investors.

Portfolio Manager

Chris Semenuk
Investment Partner
Chris Semenuk
Chris is a global fund manager with more than 25 years of experience, 20 of which was spent managing a $5 bln global equities fund at TIAA, a leading US based financial services company. Chris managed the fund since inception and raised several billion dollars in assets over that time period. Chris has a Bachelor's Degree in Economics from Union College in New York State.

How does the Tema ROYA 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

5-10%

Equity, Commodities, & Alternatives

potfolio chart
Picture8

ROYA ETF - Equity

Picture9

ROYA ETF - Alternatives

Ellipse 625

Equity

Picture10

Fixed Income

Picture11

Commodities & Alts

Where could a position be funded from?

  • Could be funded from an existing broad market equity exposure.
  • Could be funded from a commodities and alternatives exposure.
  • May play an income provider role in a portfolio

Portfolio Breakdown

Top 10 holdings

As of June 18, 2024
Company
% of Nav
INTERDIGITAL, INC.
6.64%
TEXAS PACIFIC LAND CORP.
5.99%
QUALCOMM, INC.
5.74%
WHEATON PRECIOUS METALS CORP.
5.38%
ALTIUS MINERALS CORP.
5.35%
SANDSTORM GOLD LTD.
4.99%
ROYALTY PHARMA PLC
4.74%
MCDONALD'S CORP.
4.66%
PRAIRIESKY ROYALTY LTD.
4.65%
UNIVERSAL MUSIC GROUP NV
4.38%

Country Breakdown

United States
51.25%
Canada
37.91%
Netherlands
4.38%
Australia
3.47%
Others
2.99%

Industry Breakdown

Non-Energy Materials
33.26%
Finance
26.38%
Technology
16.15%
Consumer Services
13.31%
Healthcare
9.75%
Cash & Cash Equivalents
1.15%
  • Performance
  • Distributions
  • Premium / Discount

Prices & Performance

As of
May 31, 2024

ROYA

3 months

1 Year

3 Years

5 Years

Since inception

NAV
9.80% 3.64%
10.03% 6.42%
Market Price
9.62% 3.50%
9.93% 6.29%

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
$0.166852
$0.166852
$0.000000
-0.03 -0.05 -0.14 0 -0.04 -0.12 -0.16 -0.06 -0.09 -0.03 -0.08 -0.16

Premium/Discount

Сhart Table

ROYA NAV / Market Price

NAV$26.92
NAV change (1D)$0.10
Median Bid/Ask Spread (30 Day)0.4%
Market Price$26.91
Market Price Change (1D)$0.11
Premium/Discount-0.03%
As of: June 18, 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.