Tema International Defense Innovation ETF
GDFN
NASDAQ Global Select- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Sep 25, 2025
- CIK
- 0001432353
- Similar Companies
- Business
- Tema International Defense Innovation ETF (GDFN) is an actively managed exchange-traded fund that provides investors with targeted exposure to international companies driving innovation in defense technologies, including advanced weapon systems, aerospace, cybersecurity, defense engineering, and military equipment production; it emphasizes firms deriving significant revenue from these areas, with top holdings such as Saab AB, Babcock International Group PLC, Dassault Aviation SA, Thales SA, and Rheinmetall AG. Launched on September 25, 2025, by Tema ETFs LLC, the fund operates with an expense ratio of 0.68% to 0.75% and does not pay dividends, focusing instead on capital appreciation through physical replication of selected international equities primarily from Europe and select global markets. GDFN targets underinvested international defense markets amid rising geopolitical tensions and national security priorities, serving institutional investors, registered investment advisors, and retail participants seeking pure-play defense innovation outside the U.S. Tema ETFs LLC, the investment adviser headquartered at Brookfield Place in New York, NY, and founded in 2023, issues GDFN shares through Dawn Global Topco Ltd., with NEOS Investments, LLC acting as sub-adviser and Foreside Fund Services LLC as distributor. The firm specializes in thematic active ETFs across sectors like healthcare, equity strategies, and alternatives, backed by investors including Index Ventures and Accel Partners. GDFN represents Tema's expansion into defense innovation, complementing recent launches such as the S&P 500 Historical Weight ETF (DSPY) and Electrification ETF (VOLT) in 2025, which together raised over $700 million in assets under management. In August 2025, Tema ETFs surpassed $1 billion in total assets under management across its platform just two years after inception, driven by institutional adoption and strong performance in funds like the Oncology ETF (CANC), which exceeded $100 million AUM in November 2025. GDFN, as the first pure-play international defense innovation ETF, launched amid escalating global defense spending and innovation in modern warfare technologies, with no reported acquisitions, partnerships, or reorganizations specific to the fund or issuer in late 2025. The ETF maintains active management supported by specialized defense equity research, positioning it for growth in a sector benefiting from strategic autonomy initiatives worldwide.