HRTS Fees and Costs — Tema Heart & Health ETF
Data updated: 2026-07-29
The net expense ratio is 0.75% (0.99% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $13K in broker commissions, 0.0254% of average net assets, and portfolio turnover was 40%.
HRTS Fees and Expenses
Annual operating expenses and sales charges of HRTS. Prospectus, as of June 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
HRTS Costs Over Time
On $10,000 invested in HRTS, assuming 5% a year before costs, total costs come to $487 over 5 years, cutting the return by 0.81% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $81 | $267 | $487 |
| Value after costs | $10,419 | $11,309 | $12,276 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
HRTS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0254%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
HRTS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BERENBERG CAPITAL MARKETS LLC | $5K | 36.59% |
| MIRAE ASSET SECURITIES (USA) INC. | $4K | 28.56% |
| OLD MISSION MARKETS LLC | $2K | 14.94% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $2K | 11.18% |
| ISI FINANCIAL GROUP INC | $676 | 5.02% |
| CLSA AMERICAS LLC | $348 | 2.58% |
| ROBERT W. BAIRD & CO. INCORPORATED | $150 | 1.12% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.