ETF Evaluator:
Tema Trading & Prediction Markets ETF (DICE)
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(as of Oct 13)
Best Performing in Financial Over the Last Year
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ETF Details
Tema Trading & Prediction Markets ETF Overview
Tema Trading & Prediction Markets ETF (DICE) is an actively managed Sector Equity Financial exchange-traded fund (ETF). Tema ETFs launched the ETF in 2026.
The investment seeks to provide long-term growth.
Under normal circumstances seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in domestic and foreign, common and preferred stocks of publicly listed companies that the Adviser determines are Trading and Prediction Markets Companies. The fund is non-diversified.
About Tema Trading & Prediction Markets ETF (DICE)
There are 4 members of the management team with an average tenure of 0.06 years: Yuri Khodjamirian (2026), Andrew (Andy) Hicks (2026), Qiao Duan (2026) and Hong Yi Chen (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Tema Trading & Prediction Markets ETF has 41 securities in its portfolio. The top 10 holdings constitute 49.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Tema Trading & Prediction Markets ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Tema Trading & Prediction Markets ETF has 32.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 51.2% There is 32.9% allocated to foreign stock, and 15.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Tema Trading & Prediction Markets ETF has 0.8% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $1 billion average for the Financial category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DICE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Tema Trading & Prediction Markets ETF expense ratio is above average compared to funds in the Financial category. Tema Trading & Prediction Markets ETF has an expense ratio of 0.75%, which is 48% lower than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Tema Trading & Prediction Markets ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 29% for the Financial category.
Recently, in the month of September 2026, Tema Trading & Prediction Markets ETF returned 0.0%, which earned it a grade of NA, as the Financial category had an average return of -7.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Tema Trading & Prediction Markets ETF has a trailing yield of 0.00%, which is below the 3.97% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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DICE Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DICE Return (NAV) | na | na | na | na | na | na |
| DICE Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Financial Avg | -7.3% | -1.1% | 1.2% | 15.9% | 6.8% | 9.9% |
| DICE Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| DICE Tax-Cost Ratio | na | na | na | na | na | na |
DICE Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DICE Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| DICE Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Financial Avg | -0.3% | 11.7% | 23.9% | 13.9% | -13.8% | 32.1% | -1.0% | 28.6% | -12.8% | 14.2% | 22.3% |
| DICE Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 2 Mil |
| Share Class Assets: | $ 2 Mil |
| Turnover: | na |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Khodjamirian Yuri (2026), Hicks Andrew (Andy) (2026), Duan Qiao (2026), Chen Hong Yi (2026) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 41 |
| % in Top 10 Holdings: | 49.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 32.9% |
Portfolio Allocation |
|
| Domestic Stock: | 51.2% |
| Foreign Stock: | 32.9% |
| Preferred Stock: | 15.2% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Tema ETFs |
| Phone Number: | 888-744-1377 |
| Website: | www.tema.co |
| Inception Date: | September 8, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 1.45% |
