Themes US Infrastructure (HWAY) ETF Holdings & Analysis

What HWAY does

HWAY is a passively managed exchange-traded fund designed to provide exposure to a broad spectrum of U.S. infrastructure companies. It targets U.S.-domiciled businesses that generate at least 50% of their revenue from activities essential to infrastructure development and maintenance, including the provision of building materials, specialized equipment, logistics, construction, and engineering services. The initial screening process involves establishing a universe of U.S.-headquartered securities of various market capitalizations, which must also satisfy specific market-cap and liquidity thresholds. Only one share class is included per company. To identify companies truly aligned with the infrastructure theme, the fund utilizes the FactSet RBICS industry classification system. This includes sectors such as Transportation Infrastructure Construction, Transportation Operators, Telecommunication Infrastructure, Water and Energy Infrastructure, Infrastructure Materials and Components, general Infrastructure Construction, and Construction Machinery. Ultimately, the fund selects the top 100 securities by market capitalization from this filtered pool, ensuring that no single holding accounts for more than 4.5% of the portfolio. The portfolio undergoes rebalancing semi-annually.

Fund profile

Top holdings

Sector allocation

Geographic allocation

PortView Portfolio Insights

PortView analyzes how HWAY fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Related securities

Related stocks

Frequently asked questions

What does HWAY track?

HWAY is the Themes US Infrastructure ETF, a Other ETF.

What is the expense ratio of HWAY?

Expense ratio data for HWAY is shown on the page when available from our data provider.

What are the largest holdings in HWAY?

Top holdings include Cash & Other, FXFXX.

How can PortView analyze HWAY overlap with other ETFs?

PortView computes the holdings overlap between HWAY and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.