# EDGAR Filing Document

**Accession Number:** 0001944285
**File Stem:** 0001145549-25-047659
**Filing Date:** 2025-7
**Character Count:** 27230
**Document Hash:** ccd37328e5f0c1353df4210712011af2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-047659.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001145549-25-047659

**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:** 251147745

**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 Durable Quality ETF (Series ID: S000078302)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000239062 | Tema Durable Quality ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Tema Monopolies and Oligopolies ETF** | **Tema Monopolies and Oligopolies ETF** | **Tema Monopolies and Oligopolies ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 98.9%** | **Shares** | **Value**  |
| **Aerospace & Defense - 8.1%** | **Aerospace & Defense - 8.1%** | |
| Airbus SE | 4806 | $884464 |
| General Electric Co. | 14746 | 3626189 |
|  |  | 4510653 |
| **Biotechnology - 3.9%** | **Biotechnology - 3.9%** |  |
| Gilead Sciences, Inc. | 11501 | 1266030 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup> | 2083 | 920790 |
|  |  | 2186820 |
| **Capital Markets - 18.4%** | **Capital Markets - 18.4%** |  |
| Cboe Global Markets, Inc. | 4827 | 1105962 |
| CME Group, Inc. | 6720 | 1942080 |
| Intercontinental Exchange, Inc. | 11361 | 2042708 |
| Moody's Corp. | 3769 | 1806557 |
| MSCI, Inc. | 3045 | 1717441 |
| S&P Global, Inc. | 3302 | 1693464 |
|  |  | 10308212 |
| **Chemicals - 3.0%** | **Chemicals - 3.0%** |  |
| Sherwin-Williams Co. | 4719 | 1693225 |
| **Commercial Services & Supplies - 2.9%** | **Commercial Services & Supplies - 2.9%** |  |
| Copart, Inc. <sup>(a)</sup> | 31584 | 1625944 |
| **Construction & Engineering - 3.6%** | **Construction & Engineering - 3.6%** |  |
| Ferrovial SE | 39987 | 2035877 |
| **Construction Materials - 1.8%** | **Construction Materials - 1.8%** |  |
| Vulcan Materials Co. | 3729 | 988446 |
| **Consumer Staples Distribution & Retail - 5.6%** | **Consumer Staples Distribution & Retail - 5.6%** |  |
| Performance Food Group Co. <sup>(a)</sup> | 22141 | 1982948 |
| US Foods Holding Corp. <sup>(a)</sup> | 14549 | 1151117 |
|  |  | 3134065 |
| **Electric Utilities - 0.9%** | **Electric Utilities - 0.9%** |  |
| Entergy Corp. | 6207 | 516919 |
| **Electronic Equipment, Instruments & Components - 0.5%** | **Electronic Equipment, Instruments & Components - 0.5%** |  |
| Keysight Technologies, Inc. <sup>(a)</sup> | 1711 | 268696 |
| **Financial Services - 6.1%** | **Financial Services - 6.1%** |  |
| Visa, Inc. - Class A | 9427 | 3442646 |
| **Ground Transportation - 4.4%** | **Ground Transportation - 4.4%** |  |
| Canadian National Railway Co. | 9442 | 990843 |
| Canadian Pacific Kansas City Ltd. | 17829 | 1455738 |
|  |  | 2446581 |
| **Health Care Equipment & Supplies - 3.7%** | **Health Care Equipment & Supplies - 3.7%** |  |
| Align Technology, Inc. <sup>(a)</sup> | 4009 | 725388 |
| Becton Dickinson & Co. | 2364 | 408003 |
| IDEXX Laboratories, Inc. <sup>(a)</sup> | 1869 | 959470 |
|  |  | 2092861 |
| **Health Care Providers & Services - 1.5%** | **Health Care Providers & Services - 1.5%** |  |
| Elevance Health, Inc. | 2251 | 864024 |
| **Household Products - 1.4%** | **Household Products - 1.4%** |  |
| Church & Dwight Co., Inc. | 7748 | 761706 |
| **Insurance - 2.6%** | **Insurance - 2.6%** |  |
| Aon PLC - Class A | 3881 | 1444043 |
| **Life Sciences Tools & Services - 4.1%** | **Life Sciences Tools & Services - 4.1%** |  |
| Thermo Fisher Scientific, Inc. | 3168 | 1276134 |
| Waters Corp. <sup>(a)</sup> | 2952 | 1030956 |
|  |  | 2307090 |
| **Machinery - 3.8%** | **Machinery - 3.8%** |  |
| Deere & Co. | 2509 | 1270206 |
| Donaldson Co., Inc. | 12440 | 865202 |
|  |  | 2135408 |
| **Semiconductors & Semiconductor Equipment - 7.2%** | **Semiconductors & Semiconductor Equipment - 7.2%** |  |
| Analog Devices, Inc. | 4259 | 911341 |
| KLA Corp. | 1905 | 1441856 |
| Lam Research Corp. | 14066 | 1136392 |
| ON Semiconductor Corp. <sup>(a)</sup> | 12701 | 533696 |
|  |  | 4023285 |
| **Software - 11.1%** | **Software - 11.1%** |  |
| Fair Isaac Corp. <sup>(a)</sup> | 901 | 1555378 |
| Fortinet, Inc. <sup>(a)</sup> | 11063 | 1125992 |
| Intuit, Inc. | 3662 | 2759207 |
| Synopsys, Inc. <sup>(a)</sup> | 1612 | 747936 |
|  |  | 6188513 |
| **Specialty Retail - 2.0%** | **Specialty Retail - 2.0%** |  |
| Lowe's Cos., Inc. | 5046 | 1139034 |
| **Transportation Infrastructure - 2.3%** | **Transportation Infrastructure - 2.3%** |  |
| Aena SME SA <sup>(b)</sup> | 4722 | 1270695 |
| **TOTAL COMMON STOCKS** (Cost $50,147,510) | **TOTAL COMMON STOCKS** (Cost $50,147,510) | 55384743 |
| **SHORT-TERM INVESTMENTS - 1.1%** | **Shares** | **Value**  |
| **Money Market Funds - 1.1%** |  |  |
| First American Treasury Obligations Fund - Class X, 4.23% <sup>(c)</sup> | 613788 | 613788 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $613,788) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $613,788) | 613788 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $50,761,298**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $50,761,298**)** | $55998531 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(d)</sup> | Other Assets in Excess of Liabilities - 0.0% <sup>(d)</sup> | 21859 |
| **TOTAL NET ASSETS - 100.0%** |  | $56020390 |
| 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. |

---

PLC - Public Limited Company<br>

(a) Non-income producing security.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of May 31, 2025, the value of these securities total $1,270,695 or 2.3% of the Fund's net assets.

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

(d) Represents less than 0.05% of net assets.

------

#### Tema ETF Trust

#### Tema Monopolies and Oligopolies 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 | $55384743 | $– | $– | $55384743 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 613788 | – | – | 613788 |
| Total Investments | $55998531 | $– | $– | $55998531 |
| 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 | $47916871 | 85.5% |
| Canada | 2446581 | 4.4 |
| Netherlands | 2035877 | 3.6 |
| United Kingdom | 1444043 | 2.6 |
| Spain | 1270695 | 2.3 |
| France | 884464 | 1.6 |
| Other Assets in Excess of Liabilities | 21859 | 0.0<br> <sup>(a)</sup>  |
|  | $**56020390** | 100.0<br> **%** |

---

(a) Represents less than 0.05% of net assets.

---

| | | |
|:---|:---|:---|
| **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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% of Net Assets) |  |  |
| Financials | $15194901 | 27.1% |
| Industrials | 14025158 | 25.1 |
| Information Technology | 10480494 | 18.8 |
| Health Care | 7450795 | 13.2 |
| Consumer Staples | 3895771 | 7.0 |
| Materials | 2681671 | 4.8 |
| Consumer Discretionary | 1139034 | 2.0 |
| Utilities | 516919 | 0.9 |
| Money Market Funds | 613788 | 1.1 |
| Other Assets in Excess of Liabilities | 21859 | 0.0<br> <sup>(a)</sup>  |
|  | **56020390** | 100.0<br> **%** |

---

(a) Represents less than 0.05% of net assets.

## 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 Monopolies and Oligopolies ETF

- **b. EDGAR series identifier (if any):** S000078302

- **c. LEI of Series:** 549300CRLNGU5IX2UD74

**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:** $56048007.93

**Total Liabilities:** $27617.38

**Net Assets:** $56020390.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000239062 | -3.44%               | -0.53%               | 4.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-567.63                 | $-1862198.23                               |
| Month 2  | $-1272485.21             | $1025288.98                                |
| Month 3  | $-252399.44              | $2680244.40                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| IDEXX Laboratories Inc         | IDEXX Laboratories Inc                   | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      1869 | NS      | $959469.84    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc           | Align Technology Inc                     | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      4009 | NS      | $725388.46    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Co   | Canadian National Railway Co             | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |      9442 | NS      | $990843.48    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc         | Church & Dwight Co Inc                   | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      7748 | NS      | $761705.88    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc               | Donaldson Co Inc                         | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     12440 | NS      | $865202.00    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc  | Intercontinental Exchange Inc            | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     11361 | NS      | $2042707.80   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                               | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      3662 | NS      | $2759207.14   | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc      | Keysight Technologies Inc                | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      1711 | NS      | $268695.44    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co      | Performance Food Group Co                | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     22141 | NS      | $1982947.96   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                 | S&P Global Inc                           | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      3302 | NS      | $1693463.72   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      9427 | NS      | $3442646.13   | 6.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc            | Gilead Sciences Inc                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     11501 | NS      | $1266030.08   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                   | Moody's Corp                             | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      3769 | NS      | $1806557.08   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The        | Sherwin-Williams Co/The                  | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      4719 | NS      | $1693224.39   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co            | Vulcan Materials Co                      | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      3729 | NS      | $988446.03    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc            | Elevance Health Inc                      | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      2251 | NS      | $864023.84    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc     | Vertex Pharmaceuticals Inc               | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      2083 | NS      | $920790.15    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                        | Aon PLC                                  | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | GB        |      3881 | NS      | $1444042.48   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc             | Analog Devices Inc                       | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      4259 | NS      | $911340.82    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City L | Canadian Pacific Kansas City Ltd         | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     17829 | NS      | $1455737.85   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                               | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     31584 | NS      | $1625944.32   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena SME SA                    | Aena SME SA                              | CUSIP: E526K0106<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |      4722 | NS      | $1270695.23   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                        | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     14066 | NS      | $1136392.14   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                 | Lowe's Cos Inc                           | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      5046 | NS      | $1139033.58   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc        | Cboe Global Markets Inc                  | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      4827 | NS      | $1105962.24   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                  | CME Group Inc                            | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      6720 | NS      | $1942080.00   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co          | Becton Dickinson & Co                    | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      2364 | NS      | $408002.76    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                     | Deere & Co                               | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      2509 | NS      | $1270206.34   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                | Fair Isaac Corp                          | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       901 | NS      | $1555378.28   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                   | Fortinet Inc                             | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     11063 | NS      | $1125992.14   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co            | General Electric Co                      | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     14746 | NS      | $3626188.86   | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                                 | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1905 | NS      | $1441856.40   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                       | MSCI Inc                                 | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      3045 | NS      | $1717440.90   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp          | ON Semiconductor Corp                    | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     12701 | NS      | $533696.02    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                   | Synopsys Inc                             | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1612 | NS      | $747935.76    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SE                   | Ferrovial SE                             | CUSIP: N/A<br>LEI: 72450022R2ZFL41Y6I04       | Long             | EC               | CORP              | NL        |     39987 | NS      | $2035876.83   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                    | Waters Corp                              | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      2952 | NS      | $1030956.48   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                      | Airbus SE                                | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |      4806 | NS      | $884464.22    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc   | Thermo Fisher Scientific Inc             | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      3168 | NS      | $1276133.76   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp          | US Foods Holding Corp                    | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     14549 | NS      | $1151116.88   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                   | Entergy Corp                             | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      6207 | NS      | $516918.96    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |    613788 | NS      | $613788.36    | 1.10%             |  |  |  | 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