{
 "ticker": "ARMY",
 "name": "Tema International Defense ETF",
 "issuer": "Tema",
 "desk": "themes",
 "url": "https://etfiq.com/funds/army",
 "html": "https://etfiq.com/funds/army",
 "markdown": "https://etfiq.com/funds/army.md",
 "as_of": "2026-09-11",
 "verdict": "ARMY holds 34 stocks, and 89% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "11.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ARMY, already in the S&P 500: 11.2%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ARMY, active share vs the S&P 500: 98.4%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "47.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ARMY, top ten holdings: 47.2%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "\u22127.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ARMY, total return, since launch: \u22127.3%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$7m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "ARMY, net assets: $7m (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.68%",
   "source": "485BPOS XBRL, Jun 29, 2026",
   "as_of": "2026-09-11",
   "sentence": "ARMY, expense ratio: 0.68% (485BPOS XBRL, Jun 29, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Defense",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Mar 31, 2026",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "11.2%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.4%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "2.7%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "98.4%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "47.2%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "34",
   "source": null
  },
  {
   "key": "holdings_published_for",
   "label": "Holdings published for",
   "value": "Sep 11, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "ANDURIL SPV EXPOSURE 14.8%, ELBIT SYSTEMS LTD 3.9%, DASSAULT AVIATION SA 3.6%, ROCKET LAB CORP 3.6%, INDRA SISTEMAS SA 3.6%, LEONARDO-FINMECCANICA SPA 3.6%, CHEMRING GROUP PLC 3.6%, KONGSBERG GRUPPEN ASA 3.5%, ROLLS-ROYCE HOLDINGS PLC 3.5%, THALES SA 3.4%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$7m",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221215.7%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.68%",
   "source": "485BPOS XBRL, Jun 29, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.69%",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22125.3%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22128.6 pts",
   "Gap to Nasdaq-100": "\u22124.5 pts"
  },
  {
   "window": "Since launch",
   "Total return": "\u22127.3%",
   "S&P 500": "+17.8%",
   "Gap to S&P 500": "\u221225.1 pts",
   "Gap to Nasdaq-100": "\u221231.3 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of ARMY is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 11, 2026, 11% of ARMY by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different."
  },
  {
   "q": "What does ARMY hold?",
   "a": "34 positions as published by its issuer for Sep 11, 2026, with the top ten at 47% of the fund. The largest are ANDURIL SPV EXPOSURE at 14.8%, ELBIT SYSTEMS LTD at 3.9%, DASSAULT AVIATION SA at 3.6%."
  },
  {
   "q": "Has ARMY beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 ARMY returned \u22127.3% with distributions reinvested, against +17.8% for the S&P 500, so it finished behind the index by 25.1 points."
  },
  {
   "q": "What does ARMY cost?",
   "a": "The prospectus expense ratio is 0.68% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.69%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}