To launch their sixth ETF, the folks at a Big Apple startup are teaming with those at a Constitution State shop. And the two teams are preparing to roll out another fund, too.

Maurits Henricus Pot Tema ETFs Founder, CEO

On Wednesday (December 4), Maurits Pot, CEO and founder of Tema ETFs, and Chris Semenuk, portfolio manager, unveiled the debut of the Tema Electrification ETF (VOLT on the Nasdaq), and the Tema team also filed to create the Tema Endowment ETF (YALE on the NYSE Arca). New York City-based Tema Global Limited serves as the ETFs' investment advisor, while Westport, Connecticut-based Neos Investment Management, LLC [profile] serves as subadvisor.

YALE is still coming soon, but VOLT's inception date was Tuesday (December 3). Both actively managed ETFs come with expense ratios of 75 basis points. (For YALE, that will bake in a 12bps fee waiver promised through June 30, 2026.) As of Friday (December 6), VOLT had $2.512 million in AUM.

VOLT and YALE will have the same PM team: Yuri Khodjamirian, Pots, and Semenuk from Tema, plus Troy Cates, Ryan Houlton, and Garrett Paolella from Neos.

YALE will be designed to offer an endowment-style investment strategy, a kind of asset allocation fund that includes exposures to stocks, bonds, commodities, currencies, and derivatives. As for VOLT, the Tema team lays claim to the new fund being the first growth ETF to focus on companies benefiting from "the electrification megacycle." Pots calls VOLT Tema's latest addition to a suite "of innovative first-mover ETF launches."

"For the first time in decades, accelerating power demand is forecast to outstrip supply, creating an investment cycle akin to the days of Thomas Edison. This structural shift in power demand will transform the entire electrification value chain. Investing behind this opportunity requires a risk managed approach managed by experienced investment talent," Pots states. "VOLT is a durable implementation solution combining precision, conviction and investment expertise."

Semenuk highlights the need to modernize the aging U.S. electrical grid as something "ushering in the electrification investment megacyle."

"Meeting the oncoming wave of electricity demand will require a rapid increase in capital spending on both new generation and existing grid capacity," Semenuk states. "VOLT companies will span the entire value chain, providing investors with broad exposure to electrification verticals, while focusing on high quality companies that are well positioned to take advantage of this trend."

VOLT and YALE will both be series of Tema ETF Trust. The funds' other service providers include: Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; Thompson Hine LLP as counsel; U.S. Bancorp Fund Services, LLC as administrator and transfer agent; and U.S. Bank, N.A. as custodian. 

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