GDFN
Tema International Defense Innovation ETF

Invest in Global Defense Innovation.

Share Price:

$25.49

September 24, 2025

Reasons to Consider Investing in GDFN

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Structural Catalysts

Global defense spending rose 9.4% year-over-year to $2.7 trillion in 2024 — the fastest annual increase since the end of the Cold War. Spending is projected to grow at a 5% annualized rate, reaching $3.6 trillion by 2030.1

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Security Imperative

In our opinion, national security is becoming a global mission-critical priority, driving governments to future-proof advanced military systems through innovation and technology.

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Innovative Exposure

Defense and warfare are changing rapidly. Invest in defence innovators across industrials, cybersecurity, AI, drone systems.

Fund Overview

Fund Details

As of September 24, 2025
Ticker
GDFN
Fund Inception Date
09/25/25
CUSIP
87975E784
Primary Exchange
Nasdaq
Gross Expense Ratio
0.75%
Implied Liquidity
$42M
Shares Outstanding
1
# of Holdings
31
Portfolio Manager
Chris Semenuk
Investment Advisor
Tema ETFs LLC
Investment Sub-Advisor
NEOS Investments, LLC

Fund Summary

The Tema International Defense Innovation ETF (GDFN) seeks to invest in companies we feel are positioned to benefit from the increased adoption and utilization of defense technology and innovation. This includes companies that build and manage cybersecurity systems, utilize artificial intelligence and big data, and build advanced military systems and hardware such as robotics, fuel systems, and aircrafts for defense applications.

Portfolio Breakdown

Top 10 holdings

As of September 24, 2025
Company
% of Nav
HENSOLDT AG
6.71%
SAAB AB
6.56%
RHEINMETALL AG
6.38%
RENK GROUP AG
5.85%
BABCOCK INTERNATIONAL GROUP PLC
5.77%
THALES SA
5.67%
LEONARDO SPA
5.34%
DASSAULT AVIATION SA
5.28%
BAE SYSTEMS PLC
5.28%
ELBIT SYSTEMS LTD.
4.58%

Country Breakdown

Germany
21.45%
United Kingdom
21.12%
United States
14.39%
France
12.70%
Others
30.34%

Industry Breakdown

Industrials
94.08%
Technology
2.83%
Business Services
1.83%
Cash & Cash Equivalents
1.28%
  • Performance
  • Distributions
  • Premium / Discount

Prices & Performance

As of
Oct 01, 2024

GDFN

3 months

1 Year

3 Years

5 Years

Since inception

NAV
Market Price

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted. Returns for periods of less than one year are not annualized.


The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. The first trading date is typically several days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the first trade date because there is no bid/ask spread until the fund starts trading.

Distributions

Record Date

Ex-Date

Payable Date

Total Distribution

Income

ST Cap Gains

LT Cap Gains

0

Premium/Discount

Сhart Table

NAV / Market Price

NAV$25.49
NAV change (1D)
Median Bid/Ask Spread (30 Day)%
Market Price$25.49
Market Price Change (1D)
Premium/Discount0%
As of: September 24, 2025

How to Buy Tema ETFs

*Neither Tema ETFs LLC nor undefined ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement.

Footnotes

1 Stockholm International Peace Research Institute (SIPRI). (2025, April 28).

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