The Tema S&P 500 Historical Weight ETF Strategy (Ticker: DSPY) is an actively managed exchange-traded fund launched by Tema ETFs on April 1, 2025. The fund aims to replicate the S&P 500 Index while adjusting company weightings to reflect the index’s average concentration levels since 1989. This approach seeks to mitigate the current high concentration risk in the S&P 500, where the top 10 holdings represent approximately 39% of the index. By employing this historical weighting strategy, DSPY offers investors a diversified exposure to U.S. large-cap equities, reducing reliance on mega-cap companies. The fund has an expense ratio of 0.18%.