# EDGAR Filing Document

**Accession Number:** 0001944285
**File Stem:** 0001145549-25-047658
**Filing Date:** 2025-7
**Character Count:** 27367
**Document Hash:** 728220083867f064614894e7caef88d9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-047658.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001145549-25-047658

**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:** 251147744

**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 Luxury ETF (Series ID: S000078301)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000239061 | Tema Luxury ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Tema Luxury ETF** | **Tema Luxury ETF** | **Tema Luxury ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 89.5%** | **Shares** | **Value**  |
| **Automobiles - 11.7%** | **Automobiles - 11.7%** | |
| Bayerische Motoren Werke AG | 489 | $43364 |
| Ferrari NV | 469 | 224538 |
| Harley-Davidson, Inc. | 226 | 5472 |
| Mercedes-Benz Group AG | 687 | 41023 |
|  |  | 314397 |
| **Beverages - 3.4%** | **Beverages - 3.4%** |  |
| Brown-Forman Corp. - Class B | 330 | 11002 |
| Davide Campari-Milano NV | 1054 | 6874 |
| Pernod Ricard SA | 546 | 56428 |
| Remy Cointreau SA | 69 | 3697 |
| Treasury Wine Estates Ltd. | 2261 | 12301 |
|  |  | 90302 |
| **Hotels, Restaurants & Leisure - 17.9%** | **Hotels, Restaurants & Leisure - 17.9%** |  |
| Carnival Corp. <sup>(a)</sup> | 2751 | 63878 |
| Galaxy Entertainment Group Ltd. | 4000 | 17038 |
| Hilton Worldwide Holdings, Inc. | 456 | 113289 |
| Hyatt Hotels Corp. - Class A | 82 | 10827 |
| InterContinental Hotels Group PLC | 311 | 35592 |
| Las Vegas Sands Corp. | 1009 | 41530 |
| Marriott International, Inc. - Class A | 440 | 116085 |
| MGM Resorts International <sup>(a)</sup> | 463 | 14654 |
| Norwegian Cruise Line Holdings Ltd. <sup>(a)</sup> | 1181 | 20845 |
| Sands China Ltd. | 6000 | 11799 |
| Vail Resorts, Inc. | 70 | 11212 |
| Wynn Resorts Ltd. | 258 | 23359 |
|  |  | 480108 |
| **Household Durables - 1.1%** | **Household Durables - 1.1%** |  |
| Toll Brothers, Inc. | 288 | 30024 |
| **Personal Care Products - 7.5%** | **Personal Care Products - 7.5%** |  |
| Interparfums, Inc. | 49 | 6675 |
| L'Oreal SA | 248 | 104864 |
| Puig Brands SA - Class B <sup>(a)</sup> | 3844 | 72497 |
| Shiseido Co. Ltd. | 1100 | 17812 |
|  |  | 201848 |
| **Specialty Retail - 2.4%** | **Specialty Retail - 2.4%** |  |
| Chow Tai Fook Jewellery Group Ltd. | 8692 | 12393 |
| RH <sup>(a)</sup> | 41 | 7425 |
| Signet Jewelers Ltd. | 123 | 8188 |
| Williams-Sonoma, Inc. | 235 | 38014 |
|  |  | 66020 |
| **Textiles, Apparel & Luxury Goods - 45.5%<sup>(b)</sup>** | **Textiles, Apparel & Luxury Goods - 45.5%<sup>(b)</sup>** |  |
| Brunello Cucinelli SpA | 1065 | 131143 |
| Burberry Group PLC | 5116 | 71343 |
| Capri Holdings Ltd. <sup>(a)</sup> | 321 | 5817 |
| Christian Dior SE | 13 | 6622 |
| Cie Financiere Richemont SA | 1485 | 279407 |
| Ermenegildo Zegna NV | 2658 | 22859 |
| Hermes International SCA | 98 | 270173 |
| HUGO BOSS AG | 167 | 7736 |
| Kering SA | 423 | 82784 |
| LVMH Moet Hennessy Louis Vuitton SE | 257 | 139558 |
| Moncler SpA | 1173 | 73333 |
| PRADA SpA | 14238 | 93151 |
| PVH Corp. | 105 | 8796 |
| Ralph Lauren Corp. | 106 | 29342 |
|  |  | 1222064 |
| **TOTAL COMMON STOCKS** (Cost $2,473,339) | **TOTAL COMMON STOCKS** (Cost $2,473,339) | 2404763 |
| **PREFERRED STOCKS - 0.6%** | **Shares** | **Value**  |
| **Automobiles - 0.6%** | **Automobiles - 0.6%** |  |
|  Dr Ing hc F Porsche AG <sup>(c)</sup> | 334 | 16103 |
| **TOTAL PREFERRED STOCKS** (Cost $41,537) | **TOTAL PREFERRED STOCKS** (Cost $41,537) | 16103 |
| **SHORT-TERM INVESTMENTS - 9.4%** | **Shares** | **Value**  |
| **Money Market Funds - 9.4%** |  |  |
| First American Treasury Obligations Fund - Class X, 4.23% <sup>(d)</sup> | 252018 | 252018 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $252,018) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $252,018) | 252018 |
| **TOTAL INVESTMENTS - 99.5% (**Cost $2,766,894**)** | **TOTAL INVESTMENTS - 99.5% (**Cost $2,766,894**)** | $2672884 |
| Other Assets in Excess of Liabilities - 0.5% | Other Assets in Excess of Liabilities - 0.5% | 14714 |
| **TOTAL NET ASSETS - 100.0%** |  | $2687598 |
| 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) 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.

(c) 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 $16,103 or 0.6% of the Fund's net assets.

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

------

#### Tema ETF Trust

#### Tema Luxury 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 | $2404763 | $– | $– | $2404763 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 16103 | – | – | 16103 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 252018 | – | – | 252018 |
| Total Investments | $2672884 | $– | $– | $2672884 |
| 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) |  |
| France | $664126 | 24.7% |
| Italy | 551898 | 20.6 |
| Switzerland | 279407 | 10.4 |
| United Kingdom | 112752 | 4.2 |
| Germany | 108226 | 4.0 |
| Spain | 72497 | 2.7 |
| Hong Kong | 29431 | 1.0 |
| Japan | 17812 | 0.7 |
| Australia | 12301 | 0.5 |
| Macao | 11799 | 0.4 |
| United States | 812635 | 30.3 |
| Other Assets in Excess of Liabilities | 14714 | 0.5 |
|  | $**2687598** | 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% of Net Assets) |  |  |
| Consumer Discretionary | $2128716 | 79.2% |
| Consumer Staples | 292150 | 10.9 |
| Money Market Funds | 252018 | 9.4 |
| Other Assets in Excess of Liabilities | 14714 | 0.5 |
|  | **2687598** | 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 Luxury ETF

- **b. EDGAR series identifier (if any):** S000078301

- **c. LEI of Series:** 549300DF65MLI3WB7O09

**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:** $2689264.27

**Total Liabilities:** $1665.91

**Net Assets:** $2687598.36

**Cash Not Reported:** $413.63

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000239061 | -11.47%              | 0.57%                | 5.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-16033.50               | $-311657.38                                |
| Month 2  | $1.14                    | $10357.61                                  |
| Month 3  | $-16.39                  | $129507.03                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Galaxy Entertainment Group Ltd | Galaxy Entertainment Group Ltd           | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               | CORP              | HK        |      4000 | NS      | $17038.43     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                     | Ferrari NV                               | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | IT        |       469 | NS      | $224538.44    | 8.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Remy Cointreau SA              | Remy Cointreau SA                        | CUSIP: N/A<br>LEI: 5493004V6A3Z027YT216       | Long             | EC               | CORP              | FR        |        69 | NS      | $3696.36      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Christian Dior SE              | Christian Dior SE                        | CUSIP: N/A<br>LEI: 969500WESYQMQ1F2C272       | Long             | EC               | CORP              | FR        |        13 | NS      | $6621.70      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Davide Campari-Milano NV       | Davide Campari-Milano NV                 | CUSIP: N/A<br>LEI: 213800ED5AN2J56N6Z02       | Long             | EC               | CORP              | IT        |      1054 | NS      | $6874.20      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson Inc            | Harley-Davidson Inc                      | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |       226 | NS      | $5471.46      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc  | Hilton Worldwide Holdings Inc            | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |       456 | NS      | $113288.64    | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CHOW TAI FOOK                  | Chow Tai Fook Jewellery Group Ltd        | CUSIP: N/A<br>LEI: 254900VXRL7SRSF44G79       | Long             | EC               | CORP              | HK        |      8692 | NS      | $12393.23     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                  | Carnival Corp                            | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | US        |      2751 | NS      | $63878.22     | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                     | L'Oreal SA                               | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |       248 | NS      | $104864.48    | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA               | Pernod Ricard SA                         | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               | CORP              | FR        |       546 | NS      | $56428.25     | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Shiseido Co Ltd                | Shiseido Co Ltd                          | CUSIP: N/A<br>LEI: 5299008QCD0YDT5OF506       | Long             | EC               | CORP              | JP        |      1100 | NS      | $17811.60     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp                       | PVH Corp                                 | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |       105 | NS      | $8795.85      | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc            | Williams-Sonoma Inc                      | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |       235 | NS      | $38013.60     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Puig Brands SA                 | Puig Brands SA                           | CUSIP: N/A<br>LEI: 549300OVHNSX30L1AQ94       | Long             | EC               | CORP              | ES        |      3844 | NS      | $72497.01     | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd             | Capri Holdings Ltd                       | CUSIP: N/A<br>LEI: 549300LPG8W0H1OX3A26       | Long             | EC               | CORP              | GB        |       321 | NS      | $5816.52      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings | Norwegian Cruise Line Holdings Ltd       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1181 | NS      | $20844.65     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Burberry Group PLC             | Burberry Group PLC                       | CUSIP: N/A<br>LEI: 213800PE1KEFCNFR1R50       | Long             | EC               | CORP              | GB        |      5116 | NS      | $71342.76     | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunello Cucinelli SpA         | Brunello Cucinelli SpA                   | CUSIP: N/A<br>LEI: 5493003CX2RZ0FOBH256       | Long             | EC               | CORP              | IT        |      1065 | NS      | $131143.34    | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke AG    | Bayerische Motoren Werke AG              | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |       489 | NS      | $43363.76     | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Ltd               | Wynn Resorts Ltd                         | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |       258 | NS      | $23359.32     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Treasury Wine Estates Ltd      | Treasury Wine Estates Ltd                | CUSIP: N/A<br>LEI: 529900LVOPJGAX6ILK66       | Long             | EC               | CORP              | AU        |      2261 | NS      | $12300.80     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International SCA       | Hermes International SCA                 | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |        98 | NS      | $270172.93    | 10.05%            |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International      | MGM Resorts International                | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |       463 | NS      | $14653.95     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| PRADA SpA                      | PRADA SpA                                | CUSIP: N/A<br>LEI: 8156000FE0A2DC5B7852       | Long             | EC               | CORP              | IT        |     14238 | NS      | $93151.39     | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| InterContinental Hotels Group  | InterContinental Hotels Group PLC        | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |       311 | NS      | $35591.94     | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp              | Brown-Forman Corp                        | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |       330 | NS      | $11002.20     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt | LVMH Moet Hennessy Louis Vuitton SE      | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |       257 | NS      | $139558.14    | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD  | Marriott International Inc/MD            | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       440 | NS      | $116085.20    | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp              | Ralph Lauren Corp                        | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |       106 | NS      | $29341.86     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc               | Vail Resorts Inc                         | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |        70 | NS      | $11211.90     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Ing hc F Porsche AG         | Dr Ing hc F Porsche AG                   | CUSIP: N/A<br>LEI: 529900EWEX125AULXI58       | Long             | EP               | CORP              | DE        |       334 | NS      | $16102.51     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd            | Signet Jewelers Ltd                      | CUSIP: N/A<br>LEI: 549300N3XPGE91WV7M22       | Long             | EC               | CORP              | US        |       123 | NS      | $8188.11      | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ermenegildo Zegna NV           | Ermenegildo Zegna NV                     | CUSIP: N/A<br>LEI: 8156003760472AA7E269       | Long             | EC               | CORP              | IT        |      2658 | NS      | $22858.80     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |    252018 | NS      | $252018.25    | 9.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corp              | Hyatt Hotels Corp                        | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |        82 | NS      | $10826.46     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc               | Interparfums Inc                         | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        49 | NS      | $6674.78      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp           | Las Vegas Sands Corp                     | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |      1009 | NS      | $41530.44     | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                             | RH                                       | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |        41 | NS      | $7425.51      | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc              | Toll Brothers Inc                        | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |       288 | NS      | $30024.00     | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sands China Ltd                | Sands China Ltd                          | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               | CORP              | MO        |      6000 | NS      | $11799.36     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HUGO BOSS AG                   | HUGO BOSS AG                             | CUSIP: N/A<br>LEI: 529900LFVU534EBRXD13       | Long             | EC               | CORP              | DE        |       167 | NS      | $7736.49      | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA    | Cie Financiere Richemont SA              | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |      1485 | NS      | $279407.35    | 10.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Moncler SpA                    | Moncler SpA                              | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |      1173 | NS      | $73333.31     | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Kering SA                      | Kering SA                                | CUSIP: N/A<br>LEI: 549300VGEJKB7SVUZR78       | Long             | EC               | CORP              | FR        |       423 | NS      | $82783.53     | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG         | Mercedes-Benz Group AG                   | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |       687 | NS      | $41022.96     | 1.53%             |  |  |  | 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