RSHO
American Reshoring ETF

The renaissance of American industrial
manufacturing and infrastructure

Why RSHO ETF?

icons-themes-american-reshoring-secular
Secular Trend

Supply chain disruptions, trade wars and geopolitics are encouraging companies to bring operations back to US shores.

icons-themes-american-reshoring-industrial-renaissance
Industrial Renaissance

Upgrading America's industrial and infrastructure footprint is creating an uplift in industrial technology, a key sub-theme of reshoring.

icons-themes-american-reshoring-bipartisan
Bipartisan Support

US government reshoring initiatives, already amounting to over $1.85tn of spending and growing, have unprecedented bipartisan support and can potentially present large growth opportunities for beneficiaries.

Source: The White House
icons-themes-american-reshoring-competitive-advantage
Competitive Advantage

Early movers in reshoring could gain a significant advantage via resilient supply chains and closer proximity to end users.

icons-themes-american-reshoring-exposure
Pure Exposure

The fund conducts deep and comprehensive research, selecting only those businesses that we believe will be the long term winners of the American reshoring trend.

Fund Overview

Fund Details

As of November 13, 2024
Primary Exchange
NYSE
Ticker
RSHO
AuM (USD)
$133,348,788
# of Holdings
30
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.
5,826,322
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.
$235M
Shares Outstanding
3,300,000
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 American Reshoring ETF seeks to provide long-term growth by investing in companies that stand to benefit from manufacturing moving back to US shores. This long-term process is already leading to the upgrading and securing of supply chains, and reindustrialization, reinvigorating the domestic economy. The fund predominantly invests in companies that span sectors such as industrials, transport, infrastructure, materials, and semiconductors.

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 RSHO ETF fit in a portfolio?

Investment Style Box

Frame 48095809

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

pie-chart
zebra

RSHO ETF

Ellipse 624

Satellite

Ellipse 625

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.

Portfolio Breakdown

Top 10 holdings

As of November 13, 2024
Company
% of Nav
APPLIED INDUSTRIAL TECHNOLOGIES, INC.
5.82%
ROCKWELL AUTOMATION, INC.
5.78%
EATON CORP. PLC
5.40%
CLEAN HARBORS, INC.
4.70%
INGERSOLL RAND, INC.
4.50%
PRIMORIS SERVICES CORP.
4.42%
FASTENAL CO.
4.39%
CRH PLC
4.34%
SPX TECHNOLOGIES, INC.
4.31%
VULCAN MATERIALS CO.
3.85%

Country Breakdown

United States
81.96%
Ireland
7.80%
Switzerland
5.84%
United Kingdom
2.75%
Others
1.65%

Industry Breakdown

Industrials
69.53%
Non-Energy Materials
18.75%
Healthcare
5.37%
Business Services
4.70%
Technology
1.34%
Cash & Cash Equivalents
0.31%
  • Performance
  • Distributions
  • Premium / Discount

Prices & Performance

As of
Oct 31, 2024

RSHO

3 months

1 Year

3 Years

5 Years

Since inception

NAV
0.29% 10.00%
42.79% 36.51%
31.69% 34.27%
Market Price
0.13% 10.30%
42.38% 36.49%
31.73% 34.53%

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
$0.080308
$0.080308
$0.000000
0.16 0.22 0.19 0.26 0.19 0.04 0.09 0.15 0.13 0.33 0.26 0.32 0.31 0.3 0.32 0.22 0.27 0.33 0.18 0.38 0.22

Premium/Discount

Сhart Table

RSHO NAV / Market Price

NAV$40.41
NAV change (1D)$0.08
Median Bid/Ask Spread (30 Day)0.16%
Market Price$40.47
Market Price Change (1D)$0.05
Premium/Discount0.16%
As of: November 13, 2024

FAQ

What companies are included in Tema's RSHO ETF?

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How many holdings are in the Tema RSHO ETF?

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What is an industrial ETF?

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Which ETF has the highest exposure to US manufacturing?

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Is the Tema RSHO ETF a good investment for reshoring?

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Why should I invest in an Industrial ETF?

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Which sectors are represented in the Tema RSHO ETF?

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How can an Industrial ETF benefit my investment portfolio?

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What are the key considerations when investing in an Industrial ETF?

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What are the most significant holdings in the Tema RSHO ETF?

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What are the future prospects for reshoring stocks?

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How does Tema ensure the quality of holdings in its RSHO ETF?

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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.