Tema U.S. Manufacturing & Reshoring ETF (WELD) is a industrials and materials ETF. As of October 9, 2026, ETF Copilot scores WELD 6.0 out of 10 — highest on Return (8.1), lowest on Risk (2.6). Its ten largest holdings are 61% of the fund.
What stands out in WELD's data
US manufacturing and reshoring companies. Think: industrial revival play.
Has returned more over the last three years than the typical industrial fund — a run that outpaces most peers.
A 25% annualized three-year return tops the 16% category median. It holds just 23 names, a concentrated bet on the reshoring theme.
A targeted bet on the US industrial revival, built around a small number of holdings.
Why did WELD move this week? It fell 2.8% in the week to October 9, 2026 — Terex and Timken drove it
WELD fell 2.8% in the week to October 9, 2026. The holdings that moved it most were Terex (−10.7%), Timken (−5.2%) and Caterpillar (−5.3%); Ingersoll Rand (+3.5%) pushed the other way.
How is WELD rated? ETF Copilot scores Tema U.S. Manufacturing & Reshoring ETF (WELD) 6.0 out of 10
As of October 9, 2026, ETF Copilot scores Tema U.S. Manufacturing & Reshoring ETF (WELD) 6.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 6.0 / 10
- Growth: 6.4 / 10
- Risk: 2.6 / 10
- Quality: 5.7 / 10
- Return: 8.1 / 10
What's inside WELD? 16% Tech
What's inside WELD: Size (Large 43%, Mid 57%, Small 0%); Geography (International 17%, US 83%); Tech 16.3%; AI 2.1%; Semiconductors 4.1%; Memory 4.1%.
What are WELD's top holdings? The ten largest are 61% of the fund
Cognex, Gates Industrial, Timken, Applied Industrial Technologies, Parker-Hannifin, Terex, Ametek, Powell Industries, ATI and Eaton are WELD's largest holdings, in that order.
More concentrated than 73% of Industrials & Materials ETFs.
Half of WELD's weight sits in its 8 largest positions, and once those weights are taken into account it behaves like 19 equally weighted holdings.
What is WELD's expense ratio? 0.75% a year
As of October 9, 2026, WELD charges 0.75% a year, yields 0.24% and holds $270M in assets across 23 positions.
| Measure | WELD |
|---|---|
| Expense ratio | 0.75% |
| Dividend yield | 0.24% |
| Assets under management | $270M |
| Holdings | 23 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Tema U.S. Manufacturing & Reshoring ETF (WELD) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/weld
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