Toyota Motor Corporation ADRhedged
TMH
New York Stock Exchange Arca48.56
USD
+1.63
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Toyota Motor Corporation ADRhedged
TMH
(New York Stock Exchange Arca)
Recent
price
48.56
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Toyota Motor Corporation ADRhedged (TMH), issued by Precidian ETFs Trust, is an exchange-traded fund that provides U.S. investors with exposure to the Toyota Motor Corp. American Depositary Receipt (ADR) while employing currency swaps to hedge daily fluctuations between the Japanese yen and U.S. dollar. The fund holds primarily Toyota Motor Corp. ADR shares alongside short-term investments such as money market funds; it aims to deliver the total return of Toyota's ordinary shares in their local market, net of fees and expenses, minimizing foreign exchange risk. Launched on March 13, 2025, and traded on NYSE Arca, TMH operates as a regulated investment company with a net expense ratio of 0.19%, approximately 10,000 outstanding shares, and assets under management around $550 thousand. TMH invests nearly all its assets (97.5% as of September 30, 2025) in Toyota Motor Corp. ADR, a consumer discretionary equity representing the multinational automotive manufacturer; the remainder is allocated to short-term instruments like Dreyfus Treasury Securities Cash Management Institutional Shares. Underlying Toyota Motor Corporation, founded in 1937 and headquartered in Toyota City, Aichi, Japan, designs, manufactures, and sells passenger cars (e.g., Corolla, Camry), trucks and SUVs (e.g., Tacoma, RAV4), luxury vehicles under the Lexus brand, hybrids (e.g., Prius), minivans, buses, and commercial vehicles; it also provides financial services including auto loans and leases, and advances technologies in fuel cells (e.g., Mirai), battery electrics, and autonomous driving. Toyota operates globally across North America, Europe, Asia, and other regions, serving individual consumers, families, businesses, and fleets as the world's largest automaker by volume, producing about 10 million vehicles annually. In 2025, Precidian expanded its ADRhedged ETF lineup by launching TMH alongside similar currency-hedged products for ASML Holding, Arm Holdings, and STMicroelectronics, enhancing U.S. investor access to international single stocks with reduced FX volatility. Toyota Motor Corporation, the underlying issuer, announced a $912 million U.S. investment for hybrid production capacity expansion creating 252 jobs, an additional $500 million investment (first tranche closing in 2025) in Joby Aviation for electric air taxi certification and manufacturing bringing total funding to $894 million, and preparations for new 2025 product launches including the all-new Urban Cruiser battery electric compact SUV. These initiatives underscore Toyota's strategic focus on electrification, partnerships in advanced mobility, and production scaling amid its ongoing global operations through subsidiaries and affiliates.