DISCLOSURES

NASA Disclosure | Tema Space Innovators ETF | Wolf Financial

Paid promotion disclosure for the Tema Space Innovators ETF (NYSE: NASA). Review Wolf Financial LLC's compensation details, risk disclosures, and important disclaimers.
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Published

Tema Space Innovators ETF (NYSE: NASA)

Disclosure & Disclaimer

Last Updated: April 17, 2026

Advertising Disclosure

Wolf Financial LLC ("Wolf Financial") may publish content referencing the Tema Space Innovators ETF ("NASA"). Wolf Financial has been compensated by Tema ETFs LLC to disseminate information about NASA. This relationship creates a potential conflict of interest.

About This ETF

The Tema Space Innovators ETF (NASA) is an actively managed exchange-traded fund that provides exposure to the emerging space economy through a portfolio of both publicly listed companies and a limited selection of high-conviction, pre-IPO companies. The fund invests across the space ecosystem, including space exploration, rockets and propulsion systems, satellite technology, and other commercial space opportunities.

The portfolio is managed by Yuri Khodjamirian, CFA, and includes exposure to companies involved in launch services, satellite communications, Earth observation, space infrastructure components, and defense-adjacent aerospace technologies.

The National Aeronautics and Space Administration ("NASA") has no affiliation with this fund, its investment adviser, or its distributor.

  • Strategy type: Thematic growth equity — space economy
  • Investment objective: Long-term capital appreciation
  • Management style: Active
  • Gross expense ratio: 0.95%
  • Net expense ratio: 0.75% (contractual cap through 06/28/2027)
  • Inception date: March 30, 2026
  • Primary exchange: NYSE
  • Fund page: https://www.temaetfs.com/

Important Risk Disclosures

This ETF may not be suitable for all investors.

NASA is a thematic equity fund concentrated in companies within the space, aerospace, and related technology sectors. Thematic and sector-concentrated strategies involve risks that differ significantly from those of broadly diversified equity funds.

Key risks include, but are not limited to:

  • Space industry risk — the commercial space industry is an emerging sector with new market entrants; growth may be slower than expected and subject to setbacks as new technologies develop
  • Pre-IPO and private company exposure risk — the fund may hold a limited selection of pre-IPO companies, which are illiquid, difficult to value, and carry heightened risk of loss
  • Aerospace and defense industry risk — companies in these sectors rely significantly on government demand and spending, which may be reduced due to budget constraints
  • Technology sector concentration risk — the fund invests substantially in technology and industrials companies and could be negatively impacted by events affecting these sectors
  • New fund risk — the fund launched on March 30, 2026 and has a very limited operating history
  • Foreign securities risk — the fund may invest in companies outside the U.S., introducing currency, regulatory, and geopolitical risks
  • Materials and supply chain risk — companies involved in space infrastructure may be affected by commodity price volatility, supply chain disruptions, and manufacturing constraints
  • Telecommunications sector risk — satellite communications companies are subject to extensive government regulation, intense competition, and rapid technological change
  • Market risk — common stocks are generally exposed to greater risk than other types of securities

An investor could lose some or all of their investment. Past performance does not guarantee future results.

Position Disclosure

As of the date above, Wolf Financial LLC and its affiliated creators do not hold positions in NASA.

No Investment Advice

This content is provided for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security.

Wolf Financial LLC is not a registered investment adviser or broker-dealer.

Investors should carefully review the fund's prospectus and consider their own financial situation and risk tolerance before investing. A prospectus and summary prospectus may be obtained by visiting www.temaetfs.com.

Compensation

Tema ETFs LLC is paying Wolf Financial LLC [$ AMOUNT TBD] USD for a promotional campaign. The scope of services includes digital communications and social media promotion.

Official Fund Resources

© Wolf Financial LLC | 2026 | All Rights Reserved

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