---
ticker: "ARMY"
name: "Tema International Defense Innovation ETF"
url: "https://etf.net/etf/ARMY"
grade: "D"
score: 28
graded_at: "2026-10-12"
category: "Defense & Aerospace"
category_rank: "24 of 26"
methodology: "https://etf.net/methodology"
---

# ARMY: Tema International Defense Innovation ETF

Grade **D**, Score 28 of 100. Rank 24 of 26 in Defense & Aerospace.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 14 | 22 of 26 |
| Mission | Not scored | — |
| Risk | 25 | 23 of 26 |
| Tradability | 34 | 21 of 26 |
| Holdings | 57 | 13 of 26 |
| Durability | 50 | 16 of 26 |

## Top holdings

The fund holds 35 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | ANDURIL SPV | Anduril Spv Exposure | 13.77% |
| 2 | RKLB | Rocket Lab Corp | 3.88% |
| 3 | IDR.MC | Indra Sistemas SA | 3.71% |
| 4 | AM.PA | Dassault Aviation SA | 3.69% |
| 5 | ESLT.TA | Elbit Systems Ltd | 3.54% |
| 6 | KOG.OL | Kongsberg Gruppen Asa | 3.50% |
| 7 | PLTR | Palantir Technologies Inc | 3.50% |
| 8 | SAABB.ST | Saab Ab | 3.49% |
| 9 | CHG.L | Chemring Group PLC | 3.47% |
| 10 | HAG.DE | Hensoldt AG | 3.45% |
| 11 | BA.L | Bae Systems PLC | 3.41% |
| 12 | QQ.L | Qinetiq Group PLC | 3.38% |
| 13 | RR.L | Rolls-Royce Holdings PLC | 3.38% |
| 14 | LDO.MI | Leonardo-Finmeccanica Spa | 3.36% |
| 15 | HO.PA | Thales SA | 3.33% |
| 16 | MTX.DE | Mtu Aero Engines AG | 3.28% |
| 17 | SAF.PA | Safran SA | 3.13% |
| 18 | BAB.L | Babcock International Group PLC | 3.09% |
| 19 | TKMS.DE | Tkms AG & Co Kgaa | 2.56% |
| 20 | R3NK.DE | Renk Group AG | 2.51% |
| 21 | RHM.DE | Rheinmetall AG | 2.41% |
| 22 | AIR.PA | Airbus Group SE | 2.37% |
| 23 | CSG.AS | Csg NV | 1.99% |
| 24 | AVON.L | Avon Technologies PLC | 1.97% |
| 25 | LMT | Lockheed Martin Corp | 1.80% |
| 26 | — | Cash & Cash Equivalents | 1.79% |
| 27 | RTX | Rtx Corp | 1.64% |
| 28 | GD | General Dynamics Corp | 1.33% |
| 29 | LHX | L3HARRIS Technologies Inc | 1.27% |
| 30 | DRS | Leonardo Drs Inc | 1.16% |

Source: etf.net, https://etf.net/etf/ARMY. Please cite the page URL.