Tema U.S. Manufacturing & Reshoring ETF (WELD) Earns 5-Star Morningstar Rating

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WELD invests in companies positioned for a new era of U.S. manufacturing.

NEW YORK--(BUSINESS WIRE)-- Tema ETFs (“Tema”), a leader in institutional-quality and actively managed exchange-traded funds, today announced that its U.S. Manufacturing & Reshoring ETF (WELD) has earned a 5-star Morningstar Rating.¹

WELD, which formerly traded under the ticker RSHO, first listed in May 2023.² The fund invests in companies positioned to benefit from growth in U.S. manufacturing and industrial activity, supported by long-term tailwinds including deglobalization, reshoring, and renewed emphasis on supply chain resilience. WELD has returned 31.62% annualized since inception.³

“WELD delivers a differentiated, institutional-grade solution for investing in the revival of U.S. industry and manufacturing,” said Chris Semenuk, Investment Partner and Portfolio Manager at Tema ETFs. “The most recent ISM Manufacturing Index reading hit a four-year high,⁴ reflecting what we believe is an emerging domestic manufacturing renaissance. WELD focuses primarily on mid-cap U.S. industrial companies, where policy incentives and geopolitical uncertainty are helping drive renewed growth.”

For more information, please visit www.temaetfs.com/WELD.

About Tema ETFs

Tema builds institutional-quality ETF solutions for a range of market environments, spanning high-conviction growth opportunities, durable core exposures, and alternatives. Founded in 2022, Tema is led by veterans of the ETF and global asset management industry, and backed by Index Ventures, Accel Partners, Zinal Growth, and over a dozen financial services CEOs and fintech founders.

Sources & Notes

¹ Overall rating out of 362 mid-cap blend funds, based on three years of risk-adjusted returns as of May 31, 2026.
² WELD was initially listed as the Tema American Reshoring ETF (RSHO) on May 11, 2023.
³ Performance through May 31, 2026. Visit temaetfs.com/WELD for full standard performance.
⁴ May 2026 ISM Manufacturing PMI Report.

Institutional-quality qualification is premised on the >90% estimated institutional adoption of Tema's funds to date as of June 22, 2026 and the institutional background and track record of Tema's investment team.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The Tema U.S. Manufacturing & Reshoring ETF (WELD) was rated against the following number of Mid-Cap Blend funds over the following time periods: 362 during the last 3 years. With respect to these Mid-Cap Blend funds, WELD received a Morningstar Rating of 5 stars for the period. Past performance is not indicative of future results.

©2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Risk Information

Carefully consider the investment objectives, risks, charges and expenses of Tema ETFs before investing. This and other information about each fund is contained in the Prospectus and Summary Prospectus. Please read the prospectus and summary prospectus carefully before investing as it explains the risks associated with investing in the ETFs. Each Fund prospectus can be found on the individual Fund page at www.temaetfs.com.

SEC registration does not imply a certain level of skill or training.

Sector Focus Risk: The Fund may invest a significant portion of its assets in one or more sectors, including Industrials, Materials and Utilities, and thus will be more susceptible to the risks affecting those sectors than funds that have more diversified holdings across several sectors.

The success of the Fund’s investment strategy depends in part on the ability of the companies in which it invests to reshore or onshore services to the United States. Companies may face significant legal, financial and political headwinds in the reshoring or onshoring of jobs into the United States, and these factors may be detrimental to performance.

Industrial and Utilities sector companies will likewise be subject to the risks of Government regulation, world events, exchange rates and economic conditions, technological developments and liabilities for environmental damage and general civil liabilities.

In addition, many materials companies are significantly affected by the level and volatility of commodity prices, exchange rates, import controls, worldwide competition, environmental policies and consumer demand.

Tema’s funds are distributed by Vigilant Distributors, LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260622735376/en/

Cognito Media
Carl Bakenhus
carl.bakenhus@cognitomedia.com

Source: Tema ETFs