Tema U.S. Manufacturing & Reshoring ETF Receives Five-Star Morningstar Rating
The Tema U.S. Manufacturing & Reshoring ETF (WELD) received a five-star overall rating from Morningstar as of June 22, 2026. This rating reflects the fund’s performance relative to its peers within the Morningstar category, based on the firm’s proprietary quantitative methodology.
Morningstar assigns these star ratings to funds by evaluating their risk-adjusted returns over three-, five-, and ten-year periods. The rating system distributes stars based on a bell curve, with the top 10% of funds in each category receiving five stars. This designation indicates that the fund has outperformed its category peers on a risk-adjusted basis according to Morningstar’s specific performance metrics. Investors typically use these ratings as one of several tools to assess the historical performance and volatility of exchange-traded funds.
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Date: June 22, 2026
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