# EDGAR Filing Document

**Accession Number:** 0001944285
**File Stem:** 0001145549-25-047660
**Filing Date:** 2025-7
**Character Count:** 20434
**Document Hash:** 2827153a7a5c6e542923c092fa911ed0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-047660.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001145549-25-047660

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tema ETF Trust
- **CENTRAL INDEX KEY:** 0001944285

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23823
- **FILM NUMBER:** 251147746

**BUSINESS ADDRESS:**
- **STREET 1:** 1919 M STREET, N.W., SUITE 700
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036
- **BUSINESS PHONE:** 3024994928 EXT. 801

**MAIL ADDRESS:**
- **STREET 1:** 1919 M STREET, N.W., SUITE 700
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036

## Series and Classes Contracts Data

### Tema Electrification ETF (Series ID: S000088946)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000255347 | Tema Electrification ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Tema Electrification ETF** | **Tema Electrification ETF** | **Tema Electrification ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 98.2%** | **Shares** | **Value**  |
| **Aerospace & Defense - 2.2%** | **Aerospace & Defense - 2.2%** | |
| BWX Technologies, Inc. | 12690 | $1593864 |
| **Building Products - 4.0%** | **Building Products - 4.0%** |  |
| Johnson Controls International PLC | 27881 | 2826297 |
| **Construction & Engineering - 5.3%** | **Construction & Engineering - 5.3%** |  |
| Quanta Services, Inc. | 11063 | 3789741 |
| **Electric Utilities - 34.2%<sup>(a)</sup>** | **Electric Utilities - 34.2%<sup>(a)</sup>** |  |
| American Electric Power Co., Inc. | 28515 | 2951017 |
| Entergy Corp. | 36348 | 3027061 |
| Iberdrola SA | 109170 | 1993226 |
| IDACORP, Inc. | 14918 | 1774496 |
| NextEra Energy, Inc. | 52963 | 3741306 |
| OGE Energy Corp. | 73772 | 3280641 |
| Pinnacle West Capital Corp. | 29902 | 2727959 |
| PPL Corp. | 58773 | 2042362 |
| TXNM Energy, Inc. | 12456 | 706131 |
| Xcel Energy, Inc. | 29241 | 2049794 |
|  |  | 24293993 |
| **Electrical Equipment - 32.9%<sup>(a)</sup>** | **Electrical Equipment - 32.9%<sup>(a)</sup>** |  |
| ABB Ltd. | 48777 | 2758301 |
| Eaton Corp. PLC | 8073 | 2584975 |
| GE Vernova, Inc. | 8804 | 4164116 |
| Hubbell, Inc. | 8073 | 3145079 |
| Nexans SA | 18545 | 2133061 |
| nVent Electric PLC | 22145 | 1457141 |
| Powell Industries, Inc. | 10764 | 1825467 |
| Schneider Electric SE | 10794 | 2712870 |
| Vertiv Holdings Co. - Class A | 23621 | 2549415 |
|  |  | 23330425 |
| **Electronic Equipment, Instruments & Components - 13.4%** | **Electronic Equipment, Instruments & Components - 13.4%** |  |
| Amphenol Corp. - Class A | 30797 | 2769574 |
| Bel Fuse, Inc. - Class B | 40013 | 2952960 |
| Itron, Inc. <sup>(b)</sup> | 32522 | 3759543 |
|  |  | 9482077 |
| **Independent Power and Renewable Electricity Producers - 2.9%** | **Independent Power and Renewable Electricity Producers - 2.9%** |  |
| Brookfield Renewable Partners LP | 85443 | 2036107 |
| **Multi-Utilities - 3.3%** | **Multi-Utilities - 3.3%** |  |
| NiSource, Inc. | 60099 | 2376314 |
| **TOTAL COMMON STOCKS** (Cost $66,730,865) | **TOTAL COMMON STOCKS** (Cost $66,730,865) | 69728818 |
| **SHORT-TERM INVESTMENTS - 1.1%** | **Shares** | **Value**  |
| **Money Market Funds - 1.1%** |  |  |
| First American Treasury Obligations Fund - Class X, 4.23% <sup>(c)</sup> | 781949 | 781949 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $781,949) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $781,949) | 781949 |
| **TOTAL INVESTMENTS - 99.3% (**Cost $67,512,814**)** | **TOTAL INVESTMENTS - 99.3% (**Cost $67,512,814**)** | $70510767 |
| Other Assets in Excess of Liabilities - 0.7% | Other Assets in Excess of Liabilities - 0.7% | 494507 |
| **TOTAL NET ASSETS - 100.0%** |  | $71005274 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

LP - Limited Partnership <br> PLC - Public Limited Company

(a) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those
 industries or sectors.

(b) Non-income producing security.

(c) The rate shown represents the 7-day annualized effective yield as of May 31, 2025.

------

#### Tema ETF Trust

#### Tema Electrification ETF
Notes to Quarterly Schedule of Investments

May 31, 2025 (Unaudited)

#### Investment Valuation
The Fund discloses the fair value of their investments in a hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Fund's (observable inputs) and (2) the Fund's own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the hierarchy are as follows:

**• Level 1** — Quoted prices in active markets for identical assets that the Fund's have the ability to access.

**• Level 2** — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

**• Level 3** — Significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund's investments as of May 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $69728818 | $– | $– | $69728818 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 781949 | – | – | 781949 |
| Total Investments | $70510767 | $– | $– | $70510767 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

---

| | | |
|:---|:---|:---|
| **Allocation of Portfolio Holdings by Country as of May 31, 2025** | **Allocation of Portfolio Holdings by Country as of May 31, 2025** | |
| (% of Net Assets) | (% of Net Assets) |  |
| United States | $54835086 | 77.2% |
| France | 4845931 | 6.8 |
| Switzerland | 2758301 | 3.9 |
| Ireland | 2584975 | 3.6 |
| Canada | 2036107 | 2.9 |
| Spain | 1993226 | 2.8 |
| United Kingdom | 1457141 | 2.1 |
| Other Assets in Excess of Liabilities | 494507 | 0.7 |
|  | $**71005274** | 100.0<br> **%** |

---

---

| | | |
|:---|:---|:---|
| **Sector Classification as of May 31, 2025** | **Sector Classification as of May 31, 2025** | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;(% of Net Assets) |  |  |
| Industrials | $31540327 | 44.4% |
| Utilities | 28706414 | 40.4 |
| Information Technology | 9482077 | 13.4 |
| Money Market Funds | 781949 | 1.1 |
| Other Assets in Excess of Liabilities | 494507 | 0.7 |
|  | **71005274** | 100.0<br> **%** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Tema ETF Trust

- **b. Investment Company Act file number:** 811-23823

- **c. CIK number of Registrant:** 0001944285

- **d. LEI of Registrant:** 549300JKGDXNE2CLUY37

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 200 Vesey Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10281

  - **Telephone number:** 3024994928 EXT 801

**Item A.2. Information about the Series.**

- **a. Name of Series:** Tema Electrification ETF

- **b. EDGAR series identifier (if any):** S000088946

- **c. LEI of Series:** 529900RQB63LH3HY1C41

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $71054326.91

**Total Liabilities:** $44044.15

**Net Assets:** $71010282.76

**Cash Not Reported:** $6745.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255347 | -3.80%               | 4.04%                | 7.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-129836.76              | $-2190962.50                               |
| Month 2  | $-123507.58              | $2852200.14                                |
| Month 3  | $434763.06               | $4305327.69                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Electric Power Co Inc | American Electric Power Co Inc           | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     28515 | NS      | $2951017.35   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co             | Vertiv Holdings Co                       | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     23621 | NS      | $2549414.53   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                 | Eaton Corp PLC                           | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |      8073 | NS      | $2584974.60   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd                        | ABB Ltd                                  | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     48777 | NS      | $2758300.83   | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                   | NiSource Inc                             | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     60099 | NS      | $2376314.46   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                      | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     11063 | NS      | $3789741.28   | 5.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                  | Amphenol Corp                            | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     30797 | NS      | $2769574.21   | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Partners  | Brookfield Renewable Partners LP         | CUSIP: N/A<br>LEI: VA8DFMRI2GY8Y7V79H93       | Long             | EC               | CORP              | CA        |     85443 | NS      | $2036106.69   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc           | BWX Technologies Inc                     | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     12690 | NS      | $1593864.00   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                   | Entergy Corp                             | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     36348 | NS      | $3027061.44   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc          | Powell Industries Inc                    | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     10764 | NS      | $1825466.76   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                          | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     29241 | NS      | $2049794.10   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |    781949 | NS      | $781949.12    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE          | Schneider Electric SE                    | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |     10794 | NS      | $2712870.18   | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                | TXNM Energy Inc                          | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     25174 | NS      | $1427114.06   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                       | PPL Corp                                 | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     58773 | NS      | $2042361.75   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                   | Iberdrola SA                             | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |    109170 | NS      | $1993225.47   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                    | Hubbell Inc                              | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      8073 | NS      | $3145079.34   | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexans SA                      | Nexans SA                                | CUSIP: N/A<br>LEI: 96950015FU78G84UIV14       | Long             | EC               | CORP              | FR        |     18545 | NS      | $2133061.39   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp     | Pinnacle West Capital Corp               | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     29902 | NS      | $2727959.46   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC             | nVent Electric PLC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |     22145 | NS      | $1457141.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                    | IDACORP Inc                              | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     12136 | NS      | $1443577.20   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                      | Itron Inc                                | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     32522 | NS      | $3759543.20   | 5.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     52963 | NS      | $3741306.32   | 5.27%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                | OGE Energy Corp                          | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     73772 | NS      | $3280640.84   | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Bel Fuse Inc                   | Bel Fuse Inc                             | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     40013 | NS      | $2952959.40   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                 | GE Vernova Inc                           | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      8804 | NS      | $4164115.92   | 5.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International | Johnson Controls International plc       | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | US        |     27881 | NS      | $2826296.97   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-23

**Name of Applicant:** Tema ETF Trust

**Signature:** /s/ Josh Hunter

**Name of Signer:** Josh Hunter

**Title:** Treasurer