ETF Evaluator:
Tema Healthcare AI ETF ()
Follow This ETF
(as of Nov 13)
Best Performing in Health Over the Last Year
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Risk
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Risk
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ETF Details
Tema Healthcare AI ETF Overview
Tema Healthcare AI ETF (HLTH) is an actively managed Sector Equity Health exchange-traded fund (ETF). Tema ETFs launched the ETF in 2026.
The investment seeks to provide long-term growth.
The fund is an actively managed exchange-traded fund (“ETF”) that 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 engaged in applying Artificial Intelligence (“AI”) to the Healthcare industry. It is non-diversified.
About Tema Healthcare AI ETF (HLTH)
There are 2 members of the management team with an average tenure of 0.28 years: Yuri Khodjamirian (2026) and David Song (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Tema Healthcare AI ETF has 34 securities in its portfolio. The top 10 holdings constitute 50.9% 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 Healthcare AI ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Tema Healthcare AI ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.4% There is 0.0% allocated to foreign stock, and 0.0% 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 Healthcare AI ETF has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $12 million in total assets, which is below the $2 billion average for the Health 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.
HLTH 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 Healthcare AI ETF expense ratio is above average compared to funds in the Health category. Tema Healthcare AI ETF has an expense ratio of 0.75%, which is 45% higher than its category average, making the fund expense ratio grade a F. 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 Healthcare AI 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 49% for the Health category.
Recently, in the month of October 2026, Tema Healthcare AI ETF returned -4.6%, which earned it a grade of F, as the Health category had an average return of 3.6%. 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 Healthcare AI ETF has a trailing yield of 0.00%, which is below the 1.14% category average.
The fund normally distributes its income annually 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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HLTH Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HLTH Return (NAV) | -4.6% | 12.0% | na | na | na | na |
| HLTH Return (Price) | -4.7% | 11.8% | na | na | na | na |
| NAV +/- Price Return | 0.115% | 0.194% | na | na | na | na |
| Health Avg | 3.6% | 9.6% | 27.6% | 21.0% | 4.1% | 10.8% |
| HLTH Grade (NAV) | F | C | na | na | na | na |
| +/- Category (NAV) | -8.2% | 2.3% | na | na | na | na |
| HLTH Tax-Cost Ratio | na | na | na | na | na | na |
HLTH Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HLTH Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| HLTH 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 |
| Health Avg | 20.3% | 21.8% | 0.1% | 2.2% | -16.3% | 4.3% | 30.5% | 25.4% | -1.5% | 26.5% | -10.2% |
| HLTH 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: | $ 12 Mil |
| Share Class Assets: | $ 12 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: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): Khodjamirian Yuri (2026), Song David (2026) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 34 |
| % in Top 10 Holdings: | 50.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.4% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Tema ETFs |
| Phone Number: | 188-874-4137 |
| Website: | www.tema.co |
| Inception Date: | July 20, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.52% |
