At a glance
STHH charges 0.19% a year. It has $7.5M in assets; it paid 2.2% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +104.4% with distributions reinvested (S&P 500: +11.5%).
The short version
STMicroelectronics NV ADRhedged (STHH) is a single-stock fund from Precidian Investments that holds US-traded shares of STMicroelectronics, a Geneva-based chipmaker, plus a currency swap, a contract with a bank designed to strip out moves in the euro against the dollar. It costs 0.19% a year. Because it owns just one company, it swings far more than a diversified fund: it fell 41.8% between June 22 and October 22, 2026.
Price history
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STHH +104.4% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| STHH price data to Oct 27, 2026 | +101.4% | +104.4% | — | — | — | +54.1% |
- Over the year to Oct 27, 2026, STHH returned +104.4%.
- The deepest fall in its price history was 41.8% (Jun 22, 2026 to Oct 22, 2026), not yet recovered.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +101.4% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.1880 |
What's inside
As of Jun 30, 2026, the fund held 1 securities; the ten largest made up 96.76% of assets, and 3.33% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| STMICROELECTRONICS NV | 96.76% |
By country
Netherlands 96.76%By asset type
Stocks 96.76%What changed recently
- Over the three months to Jun 30, 2026, investors added a net $4.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +56.13%, +26.06%, +10.38%.
How it works
STHH does not track an index. It puts at least 95% of its net assets into American Depositary Receipts (ADRs) of STMicroelectronics. An ADR is a US bank's receipt for a foreign company's shares, traded in dollars on a US exchange. As of June 30, 2026, the ADRs were 96.76% of net assets and cash was 3.3%. Because it owns just one company, the fund is non-diversified.
ADRs are priced in dollars, but their value moves with the euro. To offset that, the fund holds a currency swap, a contract with a bank. As of June 30, 2026, that bank was Canadian Imperial Bank of Commerce. The swap is resized daily to match the ADRs' value and settled in cash each day. If the euro weakens against the dollar, the bank pays the fund. If the euro strengthens, the fund pays the bank and may trim its ADRs to raise cash. The goal is the stock's total return (price moves plus dividends) on its home exchange, Euronext Paris, before fees.
Payments to the bank mean each fund share may come to represent less than one ADR over time. If the bank fails to pay, the fund could lose money. The fund intends to be treated as a grantor trust for US tax purposes, so its income, gains and losses pass through to shareholders.
What it really costs
- STHH charges 0.19% a year.
- Of that, 0.17% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $19 in the first year and $243 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| STHH | $19 | $61 | $107 | $243 |
In a retirement portfolio
It holds one chipmaker, STMicroelectronics, with a currency hedge, so it adds focused exposure to a single stock and carries far more risk than a broad fund.
STHH launched on March 13, 2025, so it has no record through the 2008, 2020 or 2022 downturns and no full calendar year of results. Its short history shows how hard a single chip stock can swing. It returned 104.4% over the year to October 27, 2026, yet it fell 41.8% between June 22 and October 22, 2026, and had not regained that peak by October 27. Someone who had to raise cash or draw income during a drop like that could lock in a steep loss. It paid $0.223 per share in quarterly distributions over the 12 months to October 27, 2026, a 2.2% yield. It costs 0.19% a year, or $19 on $10,000 in the first year under the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a small, focused stake in STMicroelectronics that follows its return on Euronext Paris, minus the euro-dollar swings an unhedged ADR carries.
- People seeking exposure to a chipmaker serving automotive, industrial and electronics markets through one US-listed fund costing 0.19% a year.
- Investors who can stomach steep drops, like the 41.8% fall between June and October 2026, within a small slice of a larger portfolio.
Look elsewhere if
- Anyone seeking a diversified core holding: the fund owns one company, so a weak quarter at STMicroelectronics or a chip slump hits it fully.
- Investors who want to profit when the euro rises against the dollar; the hedge gives up currency gains along with currency losses.
- Those wanting a long record or a big fund: launched March 2025, it held about $7.5 million in net assets on June 30, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
What does STHH hold?
STHH holds one stock: American Depositary Receipts of STMicroelectronics, a Geneva-based semiconductor company whose products go into cars, industrial equipment, personal electronics, communications gear and computers. As of June 30, 2026, those ADRs made up 96.76% of net assets and cash 3.3%. It also held a euro-dollar currency swap with Canadian Imperial Bank of Commerce, valued at about -0.08% of net assets. ADRs are US-traded receipts for a foreign company's shares.
What's the difference between STHH and STM?
The difference is the currency hedge and the fee. STM, the US-traded STMicroelectronics ADR, is priced in dollars, so its value moves with both the stock and the euro-dollar exchange rate. STHH holds that same ADR but adds a daily-reset currency swap designed to strip out the euro's moves, aiming to match the stock's return on Euronext Paris. STHH charges 0.19% a year, which holding the ADR directly avoids, and adds the risk that the swap's bank fails to pay.
Does STHH pay monthly dividends?
No. STHH pays distributions quarterly. Over the 12 months to October 27, 2026, it paid $0.223 per share, equal to a 2.2% yield. Because the fund owns only STMicroelectronics, its payouts hinge largely on that one company's dividend decisions. The fund intends to be treated as a grantor trust for US tax purposes, meaning its income, gains and losses pass through to shareholders as if they held the assets directly.
How has STHH performed?
STHH has posted large gains alongside deep drops. As of October 27, 2026, it had returned 104.4% over one year and 101.4% year to date, which is not a full calendar year. It also fell 41.8% from a June 22, 2026 peak to an October 22 low and lost 6% over the three months to October 27. The fund launched March 13, 2025, and its April 29, 2026 prospectus did not include standard annual performance figures.
Is STHH good for retirement?
STHH may suit a retirement portfolio only as a small, higher-risk satellite position, not a core holding. It owns a single chipmaker, so it is non-diversified. Over the year to October 27, 2026, its volatility, a measure of how widely its price swings, was 56.6%. Its beta was 2.46, meaning it tended to move about 2.5 times as much as the broad market. It has no record through a major bear market. The 0.19% annual fee is modest, but concentration is the main risk.