# ARMY (Tema International Defense ETF)

Tema · Thematic ETFs · data as of Sep 11, 2026

ARMY holds 34 stocks, and 89% of its weight is outside the S&P 500.

## Key facts

- ARMY, already in the S&P 500: 11.2%, as of Sep 11, 2026.
- ARMY, active share vs the S&P 500: 98.4%, as of Sep 11, 2026.
- ARMY, top ten holdings: 47.2%, as of Sep 11, 2026.
- ARMY, total return, since launch: −7.3%, as of Sep 11, 2026.
- ARMY, net assets: $7m (issuer page, as of Sep 11, 2026).
- ARMY, expense ratio: 0.68% (485BPOS XBRL, Jun 29, 2026).

## ARMY over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −5.3% | +3.3% | −8.6 pts | −4.5 pts |
| Since launch | −7.3% | +17.8% | −25.1 pts | −31.3 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Defense | ETFIQ, editorial |
| Launched | Mar 31, 2026 | ETFIQ |
| Already in the S&P 500, by weight | 11.2% | ETFIQ |
| Active share vs the S&P 500 | 98.4% | ETFIQ |
| Already in the Nasdaq-100, by weight | 2.7% | ETFIQ |
| Active share vs the Nasdaq-100 | 98.4% | ETFIQ |
| Top ten holdings weight | 47.2% | ETFIQ |
| Holdings | 34 | ETFIQ |
| Holdings published for | Sep 11, 2026 | the issuer’s daily file |
| Top holdings | 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% | ETFIQ |
| Net assets | $7m | issuer page, as of Sep 11, 2026 |
| Below its all-time high | −15.7% | ETFIQ |
| Expense ratio | 0.68% | 485BPOS XBRL, Jun 29, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.69% | ETFIQ |

## Questions

### How much of ARMY is in S&P 500 companies?

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.

### What does ARMY hold?

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%.

### Has ARMY beaten the S&P 500?

Over the year to Sep 11, 2026 ARMY returned −7.3% with distributions reinvested, against +17.8% for the S&P 500, so it finished behind the index by 25.1 points.

### What does ARMY cost?

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%.


## Cite this page

ETFIQ, ARMY, data as of Sep 11, 2026. https://etfiq.com/funds/army
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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