{
 "ticker": "WELD",
 "name": "Tema U.S. Manufacturing & Reshoring ETF",
 "issuer": "Tema",
 "desk": "themes",
 "url": "https://etfiq.com/funds/weld",
 "html": "https://etfiq.com/funds/weld",
 "markdown": "https://etfiq.com/funds/weld.md",
 "as_of": "2026-09-18",
 "verdict": "WELD holds 22 stocks, and 66% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "33.8%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "WELD, already in the S&P 500: 33.8%, as of Sep 18, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.1%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "WELD, active share vs the S&P 500: 98.1%, as of Sep 18, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "62.0%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "WELD, top ten holdings: 62.0%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "\u221215.6%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "WELD, total return, since launch: \u221215.6%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$269m",
   "source": "issuer page, as of Sep 18, 2026",
   "as_of": "2026-09-18",
   "sentence": "WELD, net assets: $269m (issuer page, as of Sep 18, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Jun 29, 2026",
   "as_of": "2026-09-18",
   "sentence": "WELD, expense ratio: 0.75% (485BPOS XBRL, Jun 29, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Reshoring and manufacturing",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jun 22, 2026",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "33.8%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.1%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "4.8%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "99.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "62.0%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "22",
   "source": null
  },
  {
   "key": "holdings_published_for",
   "label": "Holdings published for",
   "value": "Sep 18, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "COGNEX CORP 7.6%, TIMKEN CO/THE 7.4%, GATES INDUSTRIAL CORP LTD 7.0%, PARKER-HANNIFIN CORP 6.8%, APPLIED INDUSTRIAL TECHNOLOGIES INC 6.8%, TEREX CORP 6.3%, ATI INC 5.2%, EATON CORP PLC 5.1%, CATERPILLAR INC 5.0%, NOVANTA INC 4.8%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$269m",
   "source": "issuer page, as of Sep 18, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221216.0%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Jun 29, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.76%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "MADE 18%, VOLT 17%, SUPP 17%, CBOT 14%, MAKX 13%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "Since launch",
   "Total return": "\u221215.6%",
   "S&P 500": "+2.6%",
   "Gap to S&P 500": "\u221218.1 pts",
   "Gap to Nasdaq-100": "\u221213.3 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of WELD is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 18, 2026, 34% of WELD by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different."
  },
  {
   "q": "What does WELD hold?",
   "a": "22 positions as published by its issuer for Sep 18, 2026, with the top ten at 62% of the fund. The largest are COGNEX CORP at 7.6%, TIMKEN CO/THE at 7.4%, GATES INDUSTRIAL CORP LTD at 7.0%."
  },
  {
   "q": "Has WELD beaten the S&P 500?",
   "a": "Over the year to Sep 18, 2026 WELD returned \u221215.6% with distributions reinvested, against +2.6% for the S&P 500, so it finished behind the index by 18.1 points."
  },
  {
   "q": "What does WELD cost?",
   "a": "The prospectus expense ratio is 0.75% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.76%."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}