THRU
Tema Commodity Infrastructure ETF

Invest in What Keeps Commodities Moving

 

Why Invest in THRU?

First-of-Its-Kind ETF

The first and only ETF providing exposure to real assets across the full commodity infrastructure value chain

 

Supercycle Positioning

The world is investing more to extract and transport commodities, fueling a potential supercycle

Lower Volatility 

Targets companies with durable cash flows that may offer resilience to macroeconomic headwinds and a hedge against inflation

Portfolio Highlights

energy-transfer-navy-uniform

Energy Transfer (ET) is a U.S. energy infrastructure company operating one of the largest pipeline networks in the country. Its systems move natural gas, crude oil and natural gas liquids from major producing basins to Gulf Coast markets.

gtt-navy-uniform

GTT (GTT FP) is a French engineering company that designs cryogenic membrane containment systems used to transport and store liquefied natural gas. Its technology is licensed to shipyards building LNG carriers and storage tanks worldwide.

epiroc-navy-uniform

Epiroc (EPIB SS) is a Swedish manufacturer of mining and infrastructure equipment, including underground drill rigs and rock excavation tools. Epiroc also provides automation technology, electrified machines and aftermarket services to mining customers globally.

Portfolio Holdings are subject to change. Review current holdings below.

Fund Overview

Fund Details

As of October 21, 2026
Ticker
THRU
CUSIP
87975E677
Inception Date
10/21/26
Total Expense Ratio
0.75%
AUM
Primary Exchange
TXSE
Shares Outstanding
n,ull
# of Holdings
34
Portfolio Manager
Jake Sperber

Fund Summary

The Tema Commodity Infrastructure ETF (THRU) invests in companies that enable the global flow of commodities, from physical networks and logistics to equipment, services, and exchanges.

Portfolio Breakdown

Top 10 Holdings

As of October 22, 2026
Company
% of Nav
ENERGY TRANSFER LP
5.94%
CHENIERE ENERGY INC
5.88%
SLB LTD
4.57%
EPIROC AB
4.53%
KINDER MORGAN INC
4.52%
GAZTRANSPORT ET TECHNIGAZ SA
4.48%
WILLIAMS COS INC/THE
4.08%
PEMBINA PIPELINE CORP
4.01%
GLENCORE PLC
4.00%
WESTERN MIDSTREAM PARTNERS LP
3.97%

Country Breakdown

Cash & Cash Equivalents
0.30%
Others
99.70%

Industry Breakdown

Others
99.70%
Cash & Cash Equivalents
0.30%
  • Performance
  • Distributions
  • Premium / Discount

Prices & Performance

As of
Sep 30, 2026

THRU

3 months

1 Year

3 Years

5 Years

Since inception

NAV
Market Price

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

Premium/Discount

Сhart Table

THRU NAV / Market Price

NAV
Daily Change
Market Price
Daily Change
Premium/Discount%
30-Day Median Bid/Ask Spread%
As of October 21, 2026

Portfolio Manager

Jake Sperber

Jake is an Investment Partner and Head of Commodities at Tema ETFs. He has over 20 years of institutional investment experience primarily focused on the energy, infrastructure, and commodity sectors. He most recently spent 11 years at Nuveen as a portfolio manager and lead analyst for energy infrastructure equities within a $10 billion global real assets strategy. Previously, Jake spent 9 years in leadership roles on Cargill's commodity trading desk. Jake holds both an MA in Economics and an MBA from George Washington University and a BA in History from the University of Minnesota.

Using VOLT 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

3-5%

Equity Satellite

3-5-equity-1
zebra

VOLT ETF

Ellipse 625

Equity core

Where could a position be funded from?

  • From a mid cap position due to VOLT’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.

Fund Documents

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.

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