Themes US Infrastructure ETF
HWAY
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- Themes US Infrastructure ETF (HWAY) is a passively managed exchange-traded fund that seeks to track the performance, before fees and expenses, of the Solactive United States Infrastructure Index (SOLUSIST). The fund provides targeted exposure to 100 U.S. companies deriving at least 50% of their revenues from infrastructure-related business operations, including building materials and equipment; construction; logistics; and engineering services; with top holdings such as Caterpillar Inc. (CAT), Emerson Electric Co. (EMR), CRH PLC (CRH), United Rentals Inc. (URI), and Norfolk Southern Corp. (NSC). Launched on September 12, 2024, HWAY operates with a total expense ratio of 0.29% and trades on the Nasdaq exchange under the ticker HWAY (CUSIP: 882927726). HWAY is issued by Themes ETF Trust and advised by Themes Management Company LLC, headquartered at 34 East Putnam Avenue, Suite 112, Greenwich, CT 06830; the issuer focuses on thematic and sector-specific ETFs targeting emerging market opportunities across infrastructure, defense, artificial intelligence, and other growth segments. The fund holds approximately 97-100 equity securities, primarily U.S. stocks (99.75% allocation), with a market-cap weighted blend style and semi-annual rebalancing; it caters to investors seeking infrastructure sector exposure amid U.S. policy tailwinds like the Infrastructure Investment and Jobs Act. In recent developments, Themes ETFs expanded its lineup in December 2025 through Leverage Shares by Themes, launching four new leveraged single-stock daily ETFs (2x Long IREN, BE, GEV, and SATS), increasing the total to 53 such products and underscoring the issuer's focus on innovative leveraged exposure tools. No specific acquisitions, funding rounds, or strategic alliances directly involving HWAY were reported in the last 1-2 years, though the fund's assets under management reached approximately $1.19 million with ongoing portfolio adjustments reflecting market dynamics in infrastructure holdings. The ETF maintains full U.S. geographic focus, with no international subsidiaries or parent company relationships noted.