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Tema International Defense Innovation (ARMY) ETF Holdings & Analysis
ETFOther
What ARMY does
This exchange-traded fund (ETF) targets the aerospace and defense industry, specifically investing in companies whose primary operations involve defense-related activities and emphasize innovation. Its portfolio is concentrated across three critical sub-sectors: advanced defense hardware, such as robotics, unmanned aerial vehicles (drones), military transport, space technologies, sensor and networking infrastructure, and sophisticated weaponry; cutting-edge defense software, including artificial intelligence (AI), the Internet of Things (IoT), augmented and virtual reality (AR/VR), big data analysis, geospatial intelligence, and security scanning systems; and cybersecurity companies dedicated to safeguarding essential infrastructure. The fund typically holds between 15 and 100 companies, with a significant preference for firms located outside the United States and Canada, and may allocate up to 25% of its assets to emerging markets. Its security selection methodology integrates a top-down sectoral analysis with a bottom-up fundamental and valuation assessment to uncover attractively priced companies poised for substantial growth. Currency exchange rate fluctuations are not hedged by the fund, and it retains the option to participate in securities lending. As an actively managed vehicle, the advisor constantly monitors and adapts the portfolio in response to evolving market conditions and individual company performance. It is worth noting that before March 25, 2026, this fund operated under the name Tema International Defense Innovation ETF and was traded using the ticker symbol GDFN.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| ANDURIL SPV EXPOSURE | 14.20% | |
| ELBIT SYSTEMS LTD | 3.59% | |
| INDRA SISTEMAS SA | 3.52% | |
| KONGSBERG GRUPPEN ASA | 3.51% | |
| DASSAULT AVIATION SA | 3.50% | |
| LEONARDO-FINMECCANICA SPA | 3.50% | |
| BAE SYSTEMS PLC | 3.49% | |
| THALES SA | 3.47% | |
| ROCKET LAB CORP | 3.45% | |
| QINETIQ GROUP PLC | 3.44% |
Geographic allocation
| United Kingdom | 22.08% |
| United States | 17.00% |
| Germany | 16.02% |
| France | 10.92% |
| Norway | 6.10% |
| Israel | 5.04% |
| Italy | 4.86% |
| Spain | 4.63% |
| Sweden | 4.59% |
| Netherlands | 3.80% |
PortView Portfolio Insights
PortView analyzes how ARMY 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.
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Frequently asked questions
- What does ARMY track?
- ARMY is the Tema International Defense Innovation ETF, a Other ETF.
- What is the expense ratio of ARMY?
- Expense ratio data for ARMY is shown on the page when available from our data provider.
- What are the largest holdings in ARMY?
- Top holdings include ANDURIL SPV, ESLT.TA, IDR.MC, KOG.OL, AM.PA.
- How can PortView analyze ARMY overlap with other ETFs?
- PortView computes the holdings overlap between ARMY and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.