Key stats
About Tema S&P 500 Historical Weight ETF Strategy
Home page
Inception date
Apr 1, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tema ETFs LLC
Distributor
Foreside Fund Services LLC
ISIN
US87975E8268
DSPY is the first S&P 500 innovation since the S&P 500 EWI in 2003. Instead of equally weighting its constituents, it is designed to address the widely known indexs high concentration through historical weightings. It aims to create a version of the S&P 500 wherein company weights are adjusted to reflect the indexs average concentration levels since 1989. For this purpose, the fund will invest in the securities included in the S&P 500. Each stock will then be assigned a position rank with its weight tailored to align with the position ranks historical weight. The historical weight is determined as the average monthly weight of each index ranking (1 to 500) since December 29, 1989. Note, this strategy utilizes historical average rankings instead of individual companies due to the index's constituents changing over time. The funds holdings will be rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stocks99.94%
Electronic Technology21.60%
Technology Services20.73%
Finance16.12%
Health Technology7.63%
Retail Trade7.52%
Producer Manufacturing3.58%
Consumer Non-Durables3.46%
Consumer Services3.28%
Energy Minerals2.18%
Consumer Durables2.13%
Utilities2.06%
Process Industries1.57%
Distribution Services1.52%
Industrial Services1.46%
Transportation1.36%
Communications1.31%
Commercial Services1.06%
Health Services0.90%
Non-Energy Minerals0.48%
Miscellaneous0.00%
Bonds, Cash & Other0.06%
Mutual fund0.04%
Cash0.02%
Stock breakdown by region
North America97.27%
Europe2.73%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DSPY invests in stocks. The fund's major sectors are Electronic Technology, with 21.60% stocks, and Technology Services, with 20.73% of the basket. The assets are mostly located in the North America region.
DSPY top holdings are NVIDIA Corporation and Microsoft Corporation, occupying 7.29% and 6.16% of the portfolio correspondingly.
DSPY assets under management is 615.80 M USD. It's risen 5.54 K% over the last month.
DSPY fund flows account for 603.91 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, DSPY pays dividends to its holders with the dividend yield of 1.19%. The last dividend (Jun 27, 2025) amounted to 0.16 USD. The dividends are paid quarterly.
DSPY shares are issued by Dawn Global Topco Ltd. under the brand Tema. The ETF was launched on Apr 1, 2025, and its management style is Active.
DSPY expense ratio is 0.18% meaning you'd have to pay 0.18% of your investment to help manage the fund.
DSPY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DSPY invests in stocks.
DSPY trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.