| Tema ETF Trust | ||||||||
| Tema Luxury Goods ETF | ||||||||
| Schedule of Investments | ||||||||
May 31, 2023 (Unaudited) | ||||||||
| Investments | Number of Shares | Value | ||||||
| COMMON STOCKS - 97.2% | ||||||||
| Automobiles - 12.5% | ||||||||
| Bayerische Motoren Werke AG^ | 1,452 | $ | 158,184 | |||||
| Ferrari N.V. - ADR^ | 1,012 | 290,110 | ||||||
| Mercedes-Benz Group AG^ | 2,662 | 198,525 | ||||||
| 646,819 | ||||||||
| Beverages - 14.8% | ||||||||
| Davide Campari-Milano N.V.^ | 18,018 | 235,158 | ||||||
| Kweichow Moutai Co., Ltd., Class A ^ | 600 | 137,568 | ||||||
| Pernod Ricard S.A.^ | 1,364 | 294,658 | ||||||
| Remy Cointreau S.A.^ | 660 | 101,412 | ||||||
| 768,796 | ||||||||
| Health Care Equipment & Supplies - 1.3% | ||||||||
| EssilorLuxottica S.A.^ | 374 | 67,337 | ||||||
| Hotels, Restaurants & Leisure - 10.0% | ||||||||
| Hilton Worldwide Holdings, Inc. | 1,056 | 143,743 | ||||||
| Las Vegas Sands Corp.* | 1,518 | 83,687 | ||||||
| Marriott International, Inc., Class A | 924 | 155,038 | ||||||
| MGM Resorts International | 2,310 | 90,760 | ||||||
| Wynn Resorts Ltd. | 484 | 47,771 | ||||||
| 520,999 | ||||||||
| Leisure Products - 3.4% | ||||||||
| Sanlorenzo S.p.A.^ | 4,400 | 174,723 | ||||||
| Personal Care Products - 12.2% | ||||||||
| Estee Lauder Cos., Inc., Class A (The) | 1,034 | 190,287 | ||||||
| L'Oréal S.A.^ | 1,034 | 440,992 | ||||||
| 631,279 | ||||||||
| Specialty Retail - 3.9% | ||||||||
| Chow Tai Fook Jewellery Group Ltd.^ | 91,762 | 162,420 | ||||||
| Farfetch Ltd., Class A - ADR*^ | 8,426 | 41,540 | ||||||
| 203,960 | ||||||||
| Textiles, Apparel & Luxury Goods - 39.1% | ||||||||
| Brunello Cucinelli S.p.A.^ | 968 | 83,500 | ||||||
| Burberry Group plc^ | 2,794 | 74,864 | ||||||
| Capri Holdings Ltd. - ADR*^ | 1,496 | 52,510 | ||||||
| Cie Financiere Richemont S.A.^ | 2,750 | 436,467 | ||||||
| Hermes International^ | 220 | 447,224 | ||||||
| Hugo Boss AG^ | 440 | 29,903 | ||||||
| Kering S.A.^ | 374 | 199,225 | ||||||
| LVMH Moet Hennessy Louis Vuitton SE^ | 528 | 459,349 | ||||||
| Moncler S.p.A.^ | 1,672 | 113,166 | ||||||
| Prada S.p.A.^ | 4,730 | 31,622 | ||||||
| Ralph Lauren Corp. | 352 | 37,421 | ||||||
| Tapestry, Inc. | 1,606 | 64,272 | ||||||
| 2,029,523 | ||||||||
| TOTAL COMMON STOCKS (Cost $5,214,992) | 5,043,436 | |||||||
| PREFERRED STOCKS - 1.6% | ||||||||
| Automobiles - 1.6% | ||||||||
| Dr. Ing. h.c. F. Porsche AG^ (a) | 660 | 81,941 | ||||||
| TOTAL PREFERRED STOCKS (Cost $82,239) | 81,941 | |||||||
| SHORT-TERM INVESTMENTS — 1.2% | ||||||||
| Money Market Fund | ||||||||
| First American Treasury Obligations Fund - Class X, 5.016% (b) | 64,544 | 64,544 | ||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $64,544) | 64,544 | |||||||
| TOTAL INVESTMENTS (Cost $5,361,775) - 100.0% | 5,189,921 | |||||||
| OTHER ASSETS LESS LIABILITIES - 0.0% (c) | 1,148 | |||||||
| NET ASSETS - 100.0% | $ | 5,191,069 | ||||||
| * Non-income producing security. | ||||
| ^ Foreign security. | ||||
| (a) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other “qualified institutional buyers.” These securities have been deemed to be liquid by the Fund’s adviser under the supervision of the Board of Trustees. As of May 31, 2023, the value of these investments was $81,941 or 1.6% of total net assets. | ||||
| (b) 7-day net yield. | ||||
| (c) Represents less than 0.05%. | ||||
| ADR - 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 Luxury Goods ETF invested, as a percentage of net assets, in the following countries as of May 31, 2023: | ||
| France | 38.7% | |
| United States | 15.7% | |
| Netherlands | 10.1% | |
| Germany | 9.0% | |
| Switzerland | 8.4% | |
| Italy | 7.8% | |
| Cayman Islands | 3.9% | |
| China | 2.7% | |
| United Kingdom | 1.4% | |
| Virgin Islands (British) | 1.0% | |
Other(1) | 1.3% | |
| 100.0% | ||
(1) Includes cash and net other assets (liabilities). |
| Tema ETF Trust | ||||||||
| Tema Luxury Goods 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 Luxury Goods ETF | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Investments | ||||||||||||||||
| Common Stocks * | $ | 5,043,436 | $ | - | $ | - | $ | 5,043,436 | ||||||||
| Preferred Stocks * | 81,941 | - | - | 81,941 | ||||||||||||
| Money Market Fund | 64,544 | - | - | 64,544 | ||||||||||||
| Total Investments | $ | 5,189,921 | $ | - | $ | - | $ | 5,189,921 | ||||||||
| * See Schedule of Investments for segregation by industry type. | ||||||||||||||||
