WELD
U.S. Manufacturing & Reshoring ETF
WELD actively manages a narrow portfolio of US stocks that are anticipated to benefit from deglobalization. The funds adviser combines a top-down and bottom-up approach to selecting and weighting fund holdings.
US
EQUITY
Active
MANAGEMENT STYLE
$ 272.4 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | May 11, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TIMKEN CO | 7.3 % |
| GATES INDUSTRIAL CORPORATION PLC | 7.1 % |
| COGNEX CORP | 7.0 % |
| PARKER HANNIFIN CORP | 6.9 % |
| APPLIED INDUSTRIAL TECH INC | 6.8 % |
| TEREX CORP | 5.9 % |
| AMETEK INC | 5.2 % |
| EATON CORP PLC | 5.2 % |
| POWELL INDUSTRIES INC | 5.1 % |
| NOVANTA INC | 5.0 % |
Constituent Breakdown
| Number of holdings | 22 |
| Herfindahl-Hirschman Index | 518 |
| Wgt avg mkt cap (mns) | $164,611 |
| Large cap (>$10bn) | 74.6% |
| Mid cap ($2-10bn) | 24.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 94.9% |
| Emerging mkts. | 3.9% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 83.1 % |
 |
IRELAND | 5.2 % |
 |
TAIWAN | 4.0 % |
 |
SWITZERLAND | 3.8 % |
 |
BRITAIN | 3.7 % |
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 | 20.1% | 23.8% | 18.9% | 24.4% | -- | -- | -- | 25.1% |
| Dividend Yield | 0.0% | 0.4% | 0.3% | 0.3% | -- | -- | -- | 0.3% |
| Total Returns | 20.1% | 24.2% | 19.2% | 24.7% | -- | -- | -- | 25.4% | Ann. Volatility | 29.8% | 27.6% | 25.9% | 24.0% | -- | -- | -- | 23.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.49 | 48% |
| MSCI EAFE | 1.23 | 50% |
| MSCI Emg Mkts | 0.80 | 54% |
Liquidity Measures
| Avg. volume (000) | 33 |
| ADV traded (mns) | $2 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| 30d moving avg. (EMA) | $58.14 |
| Relative strength (RSI) | 52 |
| MACD/Signal | 0.04/-0.14 |
| Bollinger Bands (Upper/Lower) | $60.23/$55.23 |
| Short interest (% of AUM) | 0.8% |
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. WELD |
Expenses vs. WELD |
ALTAR Score™ vs. WELD |
|---|---|---|---|---|
| MADE | iShares U.S. Manufacturing ETF | 17.8% | -35 bp | +0.0% |
| VOLT | Tema Electrification ETF | 16.4% | 0 bp | -1.2% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 13.9% | -26 bp | +1.7% |
| CBOT | Corgi Robots & Humanoids ETF | 13.6% | -40 bp | -4.5% |
| HWAY | Themes US Infrastructure ETF | 13.3% | -46 bp | +1.3% |
| MAKX | ProShares S&P Kensho Smart Factories ETF | 12.8% | -17 bp | -3.9% |
| XLI | Industrial Select Sector SPDR | 12.8% | -67 bp | +0.3% |
| PAVE | Global X U.S. Infrastructure Development ETF | 12.5% | -28 bp | +0.9% |
| VIS | Vanguard Industrials ETF | 12.5% | -66 bp | +0.4% |
| FIDU | Fidelity MSCI Industrial Index ETF | 12.2% | -67 bp | +0.3% |
Risk and Returns: WELD 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 10/10/2026
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
4.3%
ALTAR SCORE™
30rd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,392 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.2%. WELD's ALTAR Score™ is approximately -0.5 standard
deviations above the category average. This places WELD in the 30rd percentile
among funds in the category.
Sell-Side Consensus
$68.82
PRICE TARGET
+28.3%
UPSIDE