What this ETF is trying to do

The Tema International Defense ETF (ARMY) is an exchange-traded fund that invests in companies involved in international defense. Based on its top holdings, it focuses on aerospace, technology, and defense firms from around the world.

What the numbers show

As of October 2, 2026, the share price for ARMY was $23.09.

Currently, there is no data supplied for year-to-date, one-year, or three-year price and total returns. Because there is not enough verified price history, an erosion score has not been provided.

Top Holdings

The fund holds a total of 35 assets. Because the holdings list is partial, we only see the largest ones. As of October 7, 2026, the top holdings include:

• ANDURIL SPV EXPOSURE: 14.57%

• ROCKET LAB CORP: 4.08%

• ELBIT SYSTEMS LTD: 3.83%

• KONGSBERG GRUPPEN ASA: 3.65%

• DASSAULT AVIATION SA: 3.64%

• INDRA SISTEMAS SA: 3.61%

• BAE SYSTEMS PLC: 3.5%

• CHEMRING GROUP PLC: 3.5%

• THALES: 3.48%

• ROLLS-ROYCE HOLDINGS PLC: 3.47%

These holdings can change over time.

Income and distribution explanation

The distribution yield for this ETF is 0%. There have been no distributions detected, and the payout count for the last 12 months is zero. This means the ETF does not currently provide cash income to investors through distributions.

NAV erosion explanation

NAV erosion happens when the net asset value of a fund declines over time, which can eat away at an investor's principal. In this case, the severe erosion-risk flag is false. However, because there is insufficient price history, a specific erosion score is not available.

Pros

• The fund provides exposure to a variety of international defense and aerospace companies.

• There is currently no severe erosion-risk flag.

Cons

• The ETF does not provide any cash distributions or income.

• There is a lack of available historical return data (YTD, 1-year, and 3-year).

• It has an income rating grade of "D."

Beginner takeaway

ARMY is a defense-focused ETF that does not pay out income. For investors who want regular cash payments, a high distribution yield is usually the goal, but it is important to remember that yield alone can be misleading if the share price falls. In this case, there is no yield. Investors should note that historical performance data was not supplied for this fund.