NPORT-EX 2 rshov1confidential.htm PART F
Tema ETF Trust
            
Tema American Reshoring ETF
            
Schedule of Investments
            
May 31, 2023 (Unaudited)
            
             
Investments
  
Number of Shares
    
Value
  
COMMON STOCKS - 99.1%
            
Aerospace & Defense - 3.1%
            
Boeing Co. (The)*
    
912
    
$
187,598
  
Air Freight & Logistics - 3.1%
                
GXO Logistics, Inc.*
    
3,360
      
187,891
  
Building Products - 2.9%
                
Allegion plc - ADR^
    
1,656
      
173,449
  
Chemicals - 4.8%
                
Linde plc - ADR^
    
816
      
288,587
  
Commercial Services & Supplies - 3.0%
                
Clean Harbors, Inc.*
    
1,296
      
181,958
  
Construction & Engineering - 5.0%
                
API Group Corp.*
    
5,424
      
122,582
  
Fluor Corp.*
    
6,600
      
175,296
  
             
297,878
  
Construction Materials - 13.0%
                
CRH plc - SP-ADR^
    
6,072
      
288,663
  
Summit Materials, Inc., Class A *
    
5,904
      
186,744
  
Vulcan Materials Co.
    
1,536
      
300,288
  
             
775,695
  
Electrical Equipment - 15.9%
                
ABB Ltd.^
    
4,968
      
181,428
  
Eaton Corp. plc - ADR^
    
1,752
      
308,177
  
Emerson Electric Co.
    
2,136
      
165,924
  
Rockwell Automation, Inc.
    
1,056
      
294,202
  
             
949,731
  
Electronic Equipment, Instruments & Components - 1.2%
                
Flex Ltd. - ADR*^
    
2,880
      
73,123
  
Ground Transportation - 2.9%
                
Union Pacific Corp.
    
888
      
170,958
  
Hotels, Restaurants & Leisure - 3.2%
                
Compass Group plc^
    
6,888
      
188,675
  
Machinery - 23.4%
                
Caterpillar, Inc.
    
816
      
167,892
  
Federal Signal Corp.
    
3,384
      
179,318
  
Ingersoll Rand, Inc.
    
3,048
      
172,700
  
Lincoln Electric Holdings, Inc.
    
1,056
      
179,161
  
Parker-Hannifin Corp.
    
528
      
169,192
  
SPX Technologies, Inc.*
    
2,496
      
190,595
  
Terex Corp.
    
3,768
      
174,722
  
Timken Co. (The)
    
2,352
      
168,286
  
             
1,401,866
  
Metals & Mining - 2.7%
                
ATI, Inc.*
    
4,752
      
164,324
  
Semiconductors & Semiconductor Equipment - 1.1%
                
Taiwan Semiconductor Manufacturing Co., Ltd. - ADR^
    
696
      
68,619
  
Trading Companies & Distributors - 13.8%
                
Applied Industrial Technologies, Inc.
    
2,304
      
283,300
  
Fastenal Co.
    
3,312
      
178,351
  
Herc Holdings, Inc.
    
1,752
      
177,688
  
WESCO International, Inc.
    
1,368
      
187,936
  
             
827,275
  
TOTAL COMMON STOCKS (Cost $6,065,117)
            
5,937,627
  
                 
SHORT-TERM INVESTMENTS — 0.8%
                
Money Market Fund
                
First American Treasury Obligations Fund - Class X, 5.016% (a)
    
46,901
      
46,901
  
SHORT-TERM INVESTMENTS (Cost $46,901)
            
46,901
  
                 
TOTAL INVESTMENTS (Cost $6,112,018)  - 99.9%
            
5,984,528
  
OTHER ASSETS LESS LIABILITIES - 0.1%
            
3,350
  
NET ASSETS - 100.0%
          
$
5,987,878
  

* Non-income producing security.
        
^ Foreign security.
        
(a) 7-day net yield.
        
ADR - American Depositary Receipt
        
SP-ADR - Sponsored American Depositary Receipt
        
         
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services LLC (“S&P”). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
Tema American Reshoring ETF invested, as a percentage of net assets, in the following countries as of May 31, 2023:
     
United States
72.9%
  
Ireland
17.7%
  
United Kingdom
3.2%
  
Switzerland
3.0%
  
Singapore
1.2%
  
Taiwan
1.1%
  
Other(1)
0.9%
  
 
100.0%
  
     
(1) Includes cash and net other assets (liabilities).
    
Tema ETF Trust
      
Tema American Reshoring ETF
      
Notes to Quarterly Schedule of Investments
      
May 31, 2023 (Unaudited)
      
                 
Investment Valuation
                
The Fund discloses the fair value of their investments in a hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Fund's (observable inputs) and (2) the Fund's’ own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the hierarchy are as follows:
  
                 
• Level 1 — Quoted prices in active markets for identical assets that the Fund's have the ability to access.
          
• Level 2 — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
• Level 3 — Significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).
                 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
                 
The following is a summary of the inputs used to value the Fund's investments as of May 31, 2023:

Tema American Reshoring ETF
  
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments
                        
   Common Stocks *
  
$
5,937,627
    
$
-
    
$
-
    
$
5,937,627
  
   Money Market Fund
    
46,901
      
-
      
-
      
46,901
  
Total Investments
  
$
5,984,528
    
$
-
    
$
-
    
$
5,984,528
  
                                 
* See Schedule of Investments for segregation by industry type.