Tema Adds Anduril as ARMY’s Top Holding With 14.5% Weight

Tema ETFs has added private defense technology company Anduril as the largest holding in the Tema International Defense ETF (ARMY), representing 14.5% of net assets as of Sept. 8. The actively managed ETF targets international defense and modern warfare companies benefiting from global rearmament and technological shifts. Anduril exposure is provided through a special purpose vehicle (SPV), giving ETF investors access to the pre-IPO company without incremental management, performance or brokerage fees on the position. Tema intends to maintain Anduril as a top holding, although allocations may change.