RSHO
American Reshoring ETF

Put US Manufacturing to Work in Your Portfolio.

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Share Price:

$49.10

January 29, 2026

Factsheet

How to Invest

Why Invest in the RSHO ETF?

Growth Potential

The US industrial automation market is forecast to grow more than 10% annually through 2030, underscoring just one of several pathways driving domestic manufacturing and reshoring

Source: Grand View Research, “U.S. Industrial Automation And Control Systems Market (2025 - 2030),” Mar 18, 2025.

Policy Tailwinds

Recent legislation—including the CHIPS Act, Inflation Reduction Act, and OBBB tax incentives—provides durable, multi-year support for increased US manufacturing and supply-chain investment

Investment Expertise

RSHO is actively managed by a seasoned Industrials investor with decades of experience covering the companies at the center of US manufacturing

Fund Overview

Fund Details

As of January 29, 2026

Ticker

RSHO

CUSIP

87975E602

Fund Inception Date

05/10/23

Net Expense Ratio*

0.75%

Gross Expense Ratio

0.99%

AuM ($)

$214,530,431

# of Holdings

Shares Outstanding

4,370,000

Portfolio Manager

Chris Semenuk

Primary Exchange

NYSE

*Contractual expense cap for net expense ratio of 0.75% is in effect through 06/28/2027

Fund Summary

The Tema American Reshoring ETF (RSHO) seeks to invest in companies that stand to benefit from a potential increase in manufacturing, infrastructure and industrial activity in the United States. This spans production of raw materials, heavy equipment, engineering, transportation, and construction.

RSHO Overview

Summary Prospectus

Introducing RSHO

Portfolio Breakdown

Top 10 holdings

As of January 29, 2026

Company

% of Nav

POWELL INDUSTRIES INC

6.95%

CATERPILLAR INC

6.15%

ROCKWELL AUTOMATION INC

6.02%

TIMKEN CO/THE

5.94%

TEREX CORP

5.27%

APPLIED INDUSTRIAL TECHNOLOGIES INC

5.04%

GATES INDUSTRIAL CORP PLC

5.00%

INGERSOLL RAND INC

4.86%

ATI INC

4.75%

COGNEX CORP

4.74%

Download Holdings

Country Breakdown

United States

79.15%

Ireland

9.07%

Switzerland

5.56%

United Kingdom

5.00%

Others

1.22%

Industry Breakdown

Industrials

82.58%

Materials

8.76%

Information Technology

5.69%

Health Care

1.90%

Energy

0.80%

Cash & Cash Equivalents

0.28%

Performance
Distributions
Premium / Discount

Prices & Performance

As of

Dec 31, 2025

RSHO

3 months

1 Year

3 Years

5 Years

Since inception

NAV

3.22% 3.22%

19.19% 19.19%

24.42% 24.42%

Market Price

3.42% 3.42%

19.21% 19.21%

24.57% 24.57%

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

Dec 14, 2023

Dec 13, 2023

Dec 15, 2023

$0.080308

Dec 11, 2024

Dec 12, 2024

$0.09828717

$0.02223717

0.02 -0.24 -0.13 -0.05 -0.13 -0.24 -0.11 -0.19 0.03 0.02 -0.18 -0.26 -0.16 -0.11 -0.16 0.02 0.06 0 0.17 -0.17 -0.05 0

Premium/Discount

Сhart Table

Days Traded at Nav

Days Traded at Premium

Days Traded at Discount

2023/Q2

2023/Q3

2023/Q4

2024/Q1

2024/Q2

2024/Q3

2024/Q4

2025/Q1

2025/Q2

2025/Q3

2025/Q4

RSHO NAV / Market Price

NAV$49.09

NAV change (1D)$0.98

Median Bid/Ask Spread (30 Day)0.17%

Market Price$49.10

Market Price Change (1D)$1.10

Premium/Discount0.02%

As of: January 29, 2026

January-26 December-25 November-25 October-25 September-25 August-25 July-25 June-25 May-25 April-25 March-25 February-25 January-25

How does the Tema RSHO 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

5-10%

of Equity Core

RSHO ETF

Satellite

Equity core

Where could a position be funded from?

From a mid cap position due to RSHO’s mid-cap growth style.
We believe the quality bias makes for a strong alternative or compliment to a broad index approach.
Mid-cap businesses typically under-represented in a portfolio, despite having a historically positive effect on risk-adjusted returns.

How to Invest

*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.

Related Research & Insights

Stay informed with our latest research, insights, and market analysis to make better investment decisions.

Why Automation is Key to Enabling U.S. Reindustrialization

Discover how automation and digital industry trends are driving the resurgence of US manufacturing, enabling domestic re-industrialization.

Read the Full Article

Real Reshoring: Q3 Earnings Reveal US Manufacturing Trends

Insights from Q3 2025 earnings calls on how reshoring and US manufacturing trends are impacting companies like Cognex, Caterpillar, and Eaton.

Read the Full Article

Real Reshoring: 4 US Companies Driving Manufacturing Growth

Discover how Newell, Amkor, Hyundai, and Eli Lilly are driving the U.S. reshoring movement with significant investments in manufacturing and job creation.

Read the Full Article

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.

Sector Focus Risk: The Fund may invest a significant portion of its assets in one or more sectors, including Industrials, Materials and Utilities, and thus will be more susceptible to the risks affecting those sectors than funds that have more diversified holdings across several sectors.

The success of the Fund’s investment strategy depends in part on the ability of the companies in which it invests to reshore or onshore services to the United States. Companies may face significant legal, financial and political headwinds in the reshoring or onshoring of jobs into the United States, and these factors may be detrimental to performance.

Industrial and Utilities sector companies will likewise be subject to the risks of Government regulation, world events, exchange rates and economic conditions, technological developments and liabilities for environmental damage and general civil liabilities.

In addition, many materials companies are significantly affected by the level and volatility of commodity prices, exchange rates, import controls, worldwide competition, environmental policies and consumer demand.

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 ETFs LLC serves as the investment adviser to Tema American Reshoring 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 ETFs LLC nor NEOS Investments, LLC. Check the background of Foreside on FINRA’s BrokerCheck.

Get in Touch

RSHOAmerican Reshoring ETF

$49.10

Why Invest in the RSHO ETF?

Growth Potential

Policy Tailwinds

Investment Expertise

Fund Overview

Fund Details

As of January 29, 2026

Fund Summary

Introducing RSHO

Portfolio Breakdown

Top 10 holdings

As of January 29, 2026

Country Breakdown

United States

Ireland

Switzerland

United Kingdom

Others

Industry Breakdown

Industrials

Materials

Information Technology

Health Care

Energy

Cash & Cash Equivalents

Prices & Performance

RSHO

3 months

1 Year

3 Years

5 Years

Since inception

Distributions

Record Date

Ex-Date

Payable Date

Total Distribution

Income

Premium/Discount

Days Traded at Nav

Days Traded at Premium

Days Traded at Discount

RSHO NAV / Market Price

How does the Tema RSHO ETF fit in a portfolio?

Investment Style Box

Potential Portfolio

Equity Allocation

5-10%

of Equity Core

Where could a position be funded from?

Fund Documents

How to Invest

Related Research & Insights

Why Automation is Key to Enabling U.S. Reindustrialization

Real Reshoring: Q3 Earnings Reveal US Manufacturing Trends

Real Reshoring: 4 US Companies Driving Manufacturing Growth

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RSHO
American Reshoring ETF