At a glance
VOLT charges 0.75% a year. It has $722.5M in assets; it paid 0.38% of its price in distributions over the past 12 months, annual. Over the past year it returned +11.0% with distributions reinvested (S&P 500: +11.5%). Its ten largest positions make up 53.0% of the fund, out of 27 in all.
The short version
Tema Electrification ETF (VOLT) is an actively managed stock fund. It owns companies tied to electrification, such as grid equipment makers, power producers, utilities and electricity storage firms. It is concentrated: as of August 31, 2026, it held 27 companies and put 53% of its assets in its top 10, led by Bel Fuse and Eaton. It charges 0.75% a year, and its record only goes back to December 2024.
Price history
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VOLT +11.0% 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 | |
|---|---|---|---|---|---|---|
| VOLT official prospectus, to Dec 31, 2025 | — | +14.95% | — | — | — | — |
| VOLT price data to Oct 27, 2026 | +17.8% | +11.0% | — | — | — | +17.2% |
- Over the year to Oct 27, 2026, VOLT returned +11.0%.
- Its worst full calendar year was 2025 (+25.9%); its best was 2025 (+25.9%).
- The deepest fall in its price history was 23.4% (Jan 23, 2025 to Apr 8, 2025), recovered by Jul 3, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +17.8% | — |
| 2025 | +25.9% | +25.96% |
| 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 |
|---|---|---|
| 2025 | $0.1300 |
What's inside
As of Aug 31, 2026, the fund held 27 securities; the ten largest made up 52.99% of assets.
| Holding | Weight | |
|---|---|---|
| Bel Fuse Inc | 7.36% | |
| Eaton Corp PLC | 5.91% | |
| Energy Transfer LP | 5.57% | |
| NextEra Energy Inc | 5.32% | |
| Powell Industries Inc | 5.30% | |
| Quanta Services Inc | 5.21% | |
| Amphenol Corp | 4.86% | |
| IDACORP Inc | 4.53% | |
| OGE Energy Corp | 4.47% | |
| American Electric Power Co Inc | 4.45% | |
| Hubbell Inc | 4.43% | |
| GE Vernova Inc | 4.10% | |
| Advanced Energy Industries Inc | 3.89% | |
| Entergy Corp | 3.84% | |
| Bloom Energy Corp | 3.29% |
By country
United States 86.23%Ireland 5.91%United Kingdom 3.13%Switzerland 3.06%France 1.5%By asset type
Stocks 97.07%Other 2.77%What changed recently
- Over the three months to Aug 31, 2026, investors added a net $68.3M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +7.19%, -11.42%, -3.93%.
How it works
VOLT does not track an index. Its adviser, Tema ETF LLC, picks the stocks, and Tidal Investments LLC handles the trading. The fund keeps at least 80% of its net assets in stocks of companies tied to global electrification. A company counts if at least half its revenue comes from three areas: raw materials for electrification or power generation; equipment, software and services such as transmission gear, uninterruptible power supplies and turbines; or electricity storage. That covers electrical equipment makers, energy firms, utilities, and construction and engineering companies.
Each company must be worth at least $100 million on the stock market and trade at least $500,000 a day on average over three months. The adviser starts with sector research and screens, then studies each company. It looks for stocks whose valuation measures, such as the price-to-earnings ratio, are below average while business results like revenue growth and margins are above average. It compares against peers, the company's own history or forecasts. The fund usually holds 15 to 100 companies. The prospectus sets no fixed weighting formula or rebalancing schedule, and portfolio turnover was 32%.
The fund is "non-diversified," which means it may put a large share of its assets into a few companies. It may hold up to 15% in private or hard-to-sell securities. It buys foreign stocks without hedging currencies, and it may lend securities. It held no derivatives as of August 31, 2026.
What it really costs
- VOLT charges 0.75% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $77 in the first year and $930 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| VOLT | $77 | $240 | $417 | $930 |
In a retirement portfolio
It is a concentrated, actively managed bet on one theme with above-market swings and a record of less than two years.
VOLT could add focused exposure to grid equipment, power and utility companies alongside a broader core holding. It launched in December 2024, so it has no record through the 2008, 2020 or 2022 downturns, and 2025 is its only full calendar year. Its deepest drop was 23.4%, from January 23 to April 8, 2025. It got back to its old peak by July 3, 2025, about 2.8 months later. As of October 27, 2026, its one-year volatility was 26.4% and its beta was 1.29, meaning it tended to swing more than the market. Anyone drawing on savings could end up selling shares after a drop like that. The yield was 0.38% as of October 27, 2026, paid once a year, so it is not an income source. Under the SEC's standard example, $10,000 would cost $77 in the first year. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting an actively picked, concentrated stake in grid equipment, power and utility firms such as Eaton, Quanta Services and NextEra Energy.
- People holding a broad core fund who want a small electrification position and can accept one-year volatility of 26.4%.
- Investors willing to pay 0.75% a year for a manager's stock picks based on valuation, not an index's rules.
Look elsewhere if
- Retirees who need income: the trailing yield was 0.38% as of October 27, 2026, paid once a year.
- Investors who want a long track record: the fund launched in December 2024 and hasn't been through a full bear market.
- Anyone uneasy with concentration: 27 holdings, 53% in the top 10 and 86% in US companies as of August 31, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Is VOLT an index fund?
No. VOLT is actively managed and doesn't track an index. Tema ETF LLC picks companies that earn at least half their revenue from electrification. That means raw materials, power and grid equipment, related software and services, or electricity storage. It favors stocks it sees as cheap compared with their business results, and Tidal Investments LLC handles the trading. The fund usually holds 15 to 100 companies. It held 27 as of August 31, 2026.
Does VOLT pay dividends?
Yes, but not much. VOLT pays a distribution once a year. In the 12 months through October 27, 2026, it paid about $0.13 per share, a yield of 0.38%. It does own some utilities, such as NextEra Energy, American Electric Power and IDACORP. Even so, the fund's goal is long-term growth, not income. Someone who needs regular cash from their investments would get very little from this fund.
What is the VOLT expense ratio?
VOLT's expense ratio is 0.75%, according to its prospectus filed June 29, 2026. All of it is the management fee, with no fee waiver. The SEC's standard example assumes $10,000 invested, a 5% yearly return and a sale at the end of each period. On that basis, costs would be about $77 after one year, $240 after three, $417 after five and $930 after ten years. Many broad stock index funds charge less.
What stocks does VOLT hold?
As of August 31, 2026, the largest holdings were Bel Fuse (7.4%), Eaton (5.9%), Energy Transfer (5.6%), NextEra Energy (5.3%), Powell Industries (5.3%) and Quanta Services (5.2%). Amphenol, IDACORP, OGE Energy and American Electric Power rounded out the top 10, which held 53% of assets. US companies made up 86% of the fund. Eaton accounted for the 5.9% listed in Ireland, and smaller amounts were in the UK, Switzerland and France.
How has VOLT performed since launch?
VOLT's returns have been strong but bumpy. Its prospectus shows a 25.96% return for 2025, its first full year. Its strongest quarter gained 19.49% (ended June 30, 2025), and its weakest lost 7.76% (ended March 31, 2025). Based on price, it was up 17.8% for 2026 through October 27, 2026, and 11% over one year, but down 13% over six months. Its deepest drop was 23.4%, in early 2025.