DSPY
S&P 500 Historical Weight ETF Strategy

Invest in the S&P 500 with reduced concentration risk

Invest In The S&P 500
At Lower Concentration Levels

DSPY normalizes S&P 500 weightings to historical 35-year levels

Source: Bloomberg. ¹Historical Average based on monthly closing constituents of the S&P 500 since Dec 29, 1989. ²As of January 31, 2025.

DSPY is Low Cost & Tax Efficient

DSPY

Lipper peer group

Total expense ratio

0.18%

0.91% 
(median)

Expected average annual capital gains distributions

2.67%

Expense ratio source: Bloomberg, as of April 1, 2025. Total expense ration of 0.18% represented for DSPY. Lipper Multi-Cap Value Funds Classification , median expense ration is based on open-end, no-load mutual funds and ETFs; excludes funds of funds. An investment cannot be made directly into an index. ETFs generally have lower expenses than mutual funds. ETFs can be traded throughout the day, whereas mutual funds are traded only once a day. While extreme market condition could result in liquidity for ETFs, typically they are still more liquid than most mutual funds because they trade on exchanges. While it is not Tema’s intention, there is no guarantee that the funds will not distribute capital gains to its shareholders. Capital gains source: Lipper as of September 30, 2023. Lipper Multi-Cap Value Funds Classification average annualized capital gains rate (%NAV) are based on open end, no-load mutual funds and ETF; excludes funds of funds.

S&P 500 Concentration Risk is at a 50-year High

The top-10 companies in the S&P 500 comprise nearly 40% of the index

How Does DSPY Fit Into A Portfolio?

Diversify

Core Equity Exposure

Complement

Large-Cap Equity Exposure

May Replace

High Fee Underperforming Strategies

Lower Concentration, Lower Tracking Error

The DSPY ETF has lower tracking error to the S&P 500 than the S&P 500 Equal Weight Index.

Lower Concentration, and Lower Tracking Error

Source: Bloomberg as of April 1, 2025. Holdings are subject to change. "Equal Weight" represented by the S&P 500 Equal Weight Index.

DSPY Reflects the S&P 500,
but with Adjusted Weightings

DSPY’s top holdings are the same as the top S&P 500 constituents,
but weights companies according to their rank’s 35-year average weight.

Source: Bloomberg , DSPY weights represent the 35-year average weight for each position rank each company holds. Holdings are subject to change. For a full list of holdings, please visit www.temaetfs.com/dspy.

How does DSPY work based on the S&P 500?

DSPY invests in the same companies as the S&P 500 but adjusts weights to reflect long-term averages. Because companies in the S&P 500 change over time, DSPY takes the average weight of each rank rather than the companies themselves. That historical weight is then applied to whatever company holds that rank currently in the S&P 500.

FAQ

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.

Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund's shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk. Therefore, you should carefully consider the following risks before investing in the Fund.

Investing involves risk including possible loss of principal. There is no guarantee the adviser’s investment strategy will be successful.

Large-Capitalization Risk. Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and mid-sized companies. The securities of large-capitalization companies may also be relatively mature compared to smaller companies and therefore subject to slower growth during times of economic expansion. Large-capitalization companies may also be unable to respond quickly to new competitive challenges, such as changes in technology and consumer tastes.

Calculation Methodology Risk. The Adviser relies on various sources of information to "weight-adjust" the S&P 500, including information that may be based on assumptions and estimates. Neither the Fund nor the Adviser can offer assurances that the calculation methodology or sources of information will provide accurate "weight-adjusted" S&P 500. Errors in the S&P 500 data, S&P 500 computations or the construction of the S&P 500 in accordance with its methodology, and errors in the process of "weight-adjusting" the S&P 500 may occur from time to time and may not be identified and corrected by the Index Provider or the Adviser for a period of time or at all, which may have an adverse impact on the Fund and its shareholders.

"Standard & Poor’s," "S&P", and "S&P 500" are trademarks of Standard & Poor’s Financial Services, LLC and have been licensed for use by Tema ETFs LLC ("Tema"). Tema S&P 500® Historical Weight ETF Strategy is not sponsored, endorsed, sold, or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in Tema S&P 500® Historical Weight ETF Strategy .

Tema ETFs LLC serves as the investment adviser to Tema S&P 500 Historical Weight ETF Strategy (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. For inquiries: info@temaetfs.com

DSPY
S&P 500 Historical Weight ETF Strategy

Invest In The S&P 500
At Lower Concentration Levels

DSPY is Low Cost & Tax Efficient

Explore the DSPY Benchmark

S&P 500 Concentration Risk is at a 50-year High