THRU
Tema Commodity Infrastructure ETF
Tema Commodity Infrastructure ETF seeks to provide investors with exposure to a diversified portfolio of companies that are engaged in the ownership and operation of infrastructure assets supporting the commodity sector.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 0.5 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Oct 22, 2026 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CHENIERE ENERGY INC | 6.7 % |
| ENERGY TRANSFER, L.P. | 6.0 % |
| SCHLUMBERGER LTD | 4.7 % |
| KINDER MORGAN INC | 4.4 % |
| EPIROC AB CLASS B | 4.2 % |
| GAZTRANSPORT & TECHNIGAZ SA | 4.1 % |
| WILLIAMS COS INC | 4.1 % |
| PEMBINA PIPELINE CORP | 4.0 % |
| WESTERN GAS EQUITY PARTNERS LP | 4.0 % |
| GLENCORE INTERNATIONAL PLC | 3.7 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 372 |
| Wgt avg mkt cap (mns) | $45,533 |
| Large cap (>$10bn) | 69.6% |
| Mid cap ($2-10bn) | 23.5% |
| Small cap (<$2bn) | 0.9% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 51.7 % |
 |
CANADA | 16.8 % |
 |
SWITZERLAND | 6.0 % |
 |
SWEDEN | 4.2 % |
 |
FRANCE | 4.1 % |
 |
AUSTRALIA | 3.1 % |
 |
FINLAND | 3.1 % |
 |
NETHERLANDS | 3.1 % |
 |
JAPAN | 3.0 % |
 |
BRITAIN | 1.9 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | -- |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | -- | Ann. Volatility | -- | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.25% |
Technical Indicators
| 30d moving avg. (EMA) | $0.00 |
| Relative strength (RSI) | 0 |
| MACD/Signal | 0.00/0.00 |
| Bollinger Bands (Upper/Lower) | $0.00/$0.00 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. THRU |
Expenses vs. THRU |
ALTAR Score™ vs. THRU |
|---|---|---|---|---|
| EINC | VanEck Energy Income ETF | 38.3% | -29 bp | -0.1% |
| TPYP | Tortoise North American Pipeline Fund | 38.3% | -35 bp | -0.1% |
| USAI | Pacer American Energy Independence ETF | 37.7% | 0 bp | -0.9% |
| ENFR | Alerian Energy Infrastructure ETF | 36.3% | -40 bp | +0.1% |
| UMI | USCF Midstream Energy Income Fund ETF | 36.2% | +10 bp | -0.4% |
| PIPE | Invesco SteelPath MLP & Energy Infrastructure ETF | 36.1% | 0 bp | -0.9% |
| AMZA | InfraCap MLP ETF | 31.4% | +97 bp | +0.3% |
| MLPX | Global X MLP & Energy Infrastructure ETF | 29.7% | -30 bp | -0.4% |
| NBCT | Neuberger Berman Carbon Transition Infrastructure ETF | 27.5% | -20 bp | +1.0% |
| MLPI | NEOS MLP & Engy Infras Hi Inc ETF | 25.8% | -7 bp | -1.6% |
Risk and Returns: THRU vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/4/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.1%
ALTAR SCORE™
55th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 748 funds in the Global Equity category with an average
ALTAR Score™ of 4.7% and a standard deviation
of 2.7%. THRU's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places THRU in the 55th percentile
among funds in the category.
Sell-Side Consensus
$27.26
PRICE TARGET
+9.0%
UPSIDE