ETF Evaluator:
Tema Commodity Income ETF ()
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Best Performing in Natural Resources Over the Last Year
| 43.0% | Amplify Energy & Natural Res Cov Cll ETF (NDIV) |
| 42.6% | iShares North American Natural Res ETF (IGE) |
| 40.5% | State Street® SPDR® S&P® NrthAmNtrlRsETF (NANR) |
| 32.5% | VanEck Natural Resources ETF (HAP) |
| 32.0% | State Street® SPDR® S&P® Glb Ntrl Rs ETF (GNR) |
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ETF Details
Tema Commodity Income ETF Overview
Tema Commodity Income ETF (ICOM) is an actively managed Sector Equity Natural Resources exchange-traded fund (ETF). Tema ETFs launched the ETF in 2026.
The investment seeks to provide monthly income and 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 dividend-paying domestic and foreign, common and preferred stocks and American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) of publicly listed companies and royalty trusts interests, and Master Limited Partnership ("MLP") interests the Adviser determines are “commodity-related businesses. It is non-diversified.
About Tema Commodity Income ETF (ICOM)
There are 4 members of the management team with an average tenure of 0.03 years: Yuri Khodjamirian (2026), Andrew (Andy) Hicks (2026), Qiao Duan (2026) and Maurits Pot (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Tema Commodity Income ETF has securities in its portfolio. The top 10 holdings constitute 0.0% 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 Commodity Income ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Tema Commodity Income ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% 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 Commodity Income ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $741 million in total assets, which is below the $1 billion average for the Natural Resources 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.
ICOM 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 Commodity Income ETF expense ratio is above average compared to funds in the Natural Resources category. Tema Commodity Income ETF has an expense ratio of 0.75%, which is 69% 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 Commodity Income 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 43% for the Natural Resources category.
Recently, in the month of October 2026, Tema Commodity Income ETF returned 0.0%, which earned it a grade of NA, as the Natural Resources category had an average return of 1.5%. 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 Commodity Income ETF has a trailing yield of 0.00%, which is below the 1.93% 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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ICOM 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 |
|
| ICOM Return (NAV) | na | na | na | na | na | na |
| ICOM Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Natural Resources Avg | 1.5% | 1.7% | 22.2% | 14.5% | 7.5% | 9.7% |
| ICOM Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| ICOM Tax-Cost Ratio | na | na | na | na | na | na |
ICOM Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ICOM Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| ICOM 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 |
| Natural Resources Avg | 14.8% | 23.6% | -2.2% | 7.4% | -0.7% | 25.8% | 12.9% | 19.5% | -16.3% | 20.6% | 27.3% |
| ICOM 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: | $ 1 Mil |
| Share Class Assets: | $ 1 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: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Khodjamirian Yuri (2026), Hicks Andrew (Andy) (2026), Duan Qiao (2026), Pot Maurits (2026) | |||
Portfolio Composition (as of )
| # of Holdings: | |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Tema ETFs |
| Phone Number: | 332-900-1687 |
| Website: | www.tema.co |
| Inception Date: | October 21, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.44% |
