# EDGAR Filing Document

**Accession Number:** 0001944285
**File Stem:** 0000894189-26-001077
**Filing Date:** 2026-1
**Character Count:** 20734
**Document Hash:** 79653b34ce32bf161cfa92b810d8e7c8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-001077.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0000894189-26-001077

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260121

**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:** 26548815

**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** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.0%** | **Shares** | **Value**  |
| **Aerospace & Defense - 3.0%** | **Aerospace & Defense - 3.0%** | |
| BWX Technologies, Inc. | 38112 | $6817475 |
| **Building Products - 4.9%** | **Building Products - 4.9%** |  |
| Johnson Controls International PLC | 66517 | 7736592 |
| Modine Manufacturing Co. <sup>(a)</sup> | 20815 | 3374736 |
|  |  | 11111328 |
| **Construction & Engineering - 5.1%** | **Construction & Engineering - 5.1%** |  |
| Quanta Services, Inc. | 25213 | 11721019 |
| **Electric Utilities - 32.1% <sup>(b)</sup>** | **Electric Utilities - 32.1% <sup>(b)</sup>** |  |
| American Electric Power Co., Inc. | 80644 | 9981308 |
| Entergy Corp. | 92008 | 8972620 |
| Iberdrola SA | 133923 | 2825901 |
| IDACORP, Inc. | 67571 | 8904506 |
| NextEra Energy, Inc. | 176850 | 15260386 |
| OGE Energy Corp. | 186932 | 8557747 |
| Pinnacle West Capital Corp. | 75902 | 6896456 |
| PPL Corp. | 148933 | 5495628 |
| Xcel Energy, Inc. | 73861 | 6064727 |
|  |  | 72959279 |
| **Electrical Equipment - 27.9% <sup>(b)</sup>** | **Electrical Equipment - 27.9% <sup>(b)</sup>** |  |
| ABB Ltd. | 94144 | 6766270 |
| Eaton Corp. PLC | 20493 | 7088324 |
| GE Vernova, Inc. | 10161 | 6094263 |
| Hubbell, Inc. | 20493 | 8841295 |
| nVent Electric PLC | 56185 | 6026965 |
| Powell Industries, Inc. | 42280 | 13665742 |
| Schneider Electric SE | 27354 | 7331980 |
| Vertiv Holdings Co. - Class A | 42072 | 7561601 |
|  |  | 63376440 |
| **Electronic Equipment, Instruments & Components - 15.8%** | **Electronic Equipment, Instruments & Components - 15.8%** |  |
| Advanced Energy Industries, Inc. | 22038 | 4654205 |
| Amphenol Corp. - Class A | 77233 | 10882130 |
| Bel Fuse, Inc. - Class B | 79396 | 12229366 |
| Itron, Inc. <sup>(a)</sup> | 82202 | 8141286 |
|  |  | 35906987 |
| **Machinery - 2.2%** | **Machinery - 2.2%** |  |
| Caterpillar, Inc. | 8808 | 5071294 |
| **Multi-Utilities - 4.0%** | **Multi-Utilities - 4.0%** |  |
| NiSource, Inc. | 206860 | 9128732 |
| **Oil, Gas & Consumable Fuels - 4.0%** | **Oil, Gas & Consumable Fuels - 4.0%** |  |
| Energy Transfer LP | 545344 | 9112698 |
| **TOTAL COMMON STOCKS** (Cost $198,866,537) | **TOTAL COMMON STOCKS** (Cost $198,866,537) | 225205252 |
| **SHORT-TERM INVESTMENTS**<br> ****  | **SHORT-TERM INVESTMENTS**<br> ****  | **SHORT-TERM INVESTMENTS**<br> ****  |
| **MONEY MARKET FUNDS - 0.8%** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.91% <sup>(c)</sup> | 1790148 | 1790148 |
| **TOTAL MONEY MARKET FUNDS** (Cost $1,790,148) | **TOTAL MONEY MARKET FUNDS** (Cost $1,790,148) | 1790148 |
| **TOTAL INVESTMENTS - 99.8% (**Cost $200,656,685**)** | **TOTAL INVESTMENTS - 99.8% (**Cost $200,656,685**)** | 226995400 |
| Other Assets in Excess of Liabilities - 0.2% | Other Assets in Excess of Liabilities - 0.2% | 545328 |
| **TOTAL NET ASSETS - 100.0%** |  | $227540728 |
| 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) Non-income producing security.

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

(c) The rate shown represents the 7-day annualized yield as of November 30, 2025.

------

#### Tema ETF Trust

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

November 30, 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 November 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets** | | | | |
| **Investments:** | | | | |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $225205252 | $– | $– | $225205252 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1790148 | – | – | 1790148 |
| **Total Investments** | $226995400 | $– | $– | $226995400 |
| 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 November 30, 2025** |
| (% of Net Assets) |

---

---

| | | |
|:---|:---|:---|
| United States | $196955960 | 86.6% |
| France | 7331980 | 3.2 |
| Ireland | 7088324 | 3.1 |
| Switzerland | 6766270 | 3.0 |
| United Kingdom | 6026965 | 2.7 |
| Spain | 2825901 | 1.2 |
| Other Assets in Excess of Liabilities | 545328 | 0.2 |
|  | $**227540728** | 100.0<br> **%** |

---

---

| |
|:---|
| **Sector Classification as of November 30, 2025** |
| (% of Net Assets) |

---

---

| | | |
|:---|:---|:---|
| Industrials | $94722820 | 41.6% |
| Utilities | 82088011 | 36.1 |
| Information Technology | 35906987 | 15.8 |
| Energy | 9112698 | 4.0 |
| Consumer Discretionary | 3374736 | 1.5 |
| Money Market Funds | 1790148 | 0.8 |
| Other Assets in Excess of Liabilities | 545328 | 0.2 |
|  | $**227540728** | 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:** 2025-11-30

**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:** $222879605.27

**Total Liabilities:** $126139.42

**Net Assets:** $222753465.85

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255347 | 6.05%                | 5.85%                | -1.52%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $416068.70               | $7188252.23                                |
| Month 2  | $208738.23               | $8214061.33                                |
| Month 3  | $266322.25               | $-3569671.72                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Vertiv Holdings Co             | Vertiv Holdings Co                       | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     43896 | NS      | $7889428.08   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                    | Hubbell Inc                              | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     20061 | NS      | $8654917.23   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                   | NiSource Inc                             | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    202508 | NS      | $8936678.04   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                   | Iberdrola SA                             | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |    131107 | NS      | $2766480.77   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                    | IDACORP Inc                              | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     66147 | NS      | $8716851.66   | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                | OGE Energy Corp                          | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |    182996 | NS      | $8377556.88   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd                        | ABB Ltd                                  | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     92160 | NS      | $6623677.25   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                          | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     72309 | NS      | $5937291.99   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                          | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      8632 | NS      | $4969960.32   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                 | Eaton Corp PLC                           | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |     20061 | NS      | $6938899.29   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc           | BWX Technologies Inc                     | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     40358 | NS      | $7219239.04   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bel Fuse Inc                   | Bel Fuse Inc                             | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     83248 | NS      | $12822689.44  | 5.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP             | Energy Transfer LP                       | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    533856 | NS      | $8920733.76   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                   | Entergy Corp                             | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     90072 | NS      | $8783821.44   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                      | Itron Inc                                | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     80474 | NS      | $7970144.96   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                       | PPL Corp                                 | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    145797 | NS      | $5379909.30   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc | American Electric Power Co Inc           | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     78948 | NS      | $9771393.96   | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc            | Arista Networks Inc                      | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |       250 | NS      | $32670.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE          | Schneider Electric SE                    | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |     26778 | NS      | $7177589.03   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    173122 | NS      | $14938697.38  | 6.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                      | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     26220 | NS      | $12189153.60  | 5.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc | Advanced Energy Industries Inc           | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     21574 | NS      | $4556213.06   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                  | Amphenol Corp                            | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     78557 | NS      | $11068681.30  | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                 | GE Vernova Inc                           | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      9953 | NS      | $5969510.81   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp     | Pinnacle West Capital Corp               | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     74302 | NS      | $6751079.72   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc          | Powell Industries Inc                    | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     41400 | NS      | $13381308.00  | 6.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International | Johnson Controls International plc       | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | US        |     69173 | NS      | $8045511.63   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC             | nVent Electric PLC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |     55001 | NS      | $5899957.27   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   1790148 | NS      | $1790148.32   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-21

**Name of Applicant:** Tema ETF Trust

**Signature:** /s/ Josh Hunter

**Name of Signer:** Josh Hunter

**Title:** Treasurer